Gurgaon- Ultimate Destination for Developers

Real Estate in Gurgaon has seen major developments over the past few years with new residential real estate market developed. Gurgaon is the most preferred destination from investment point of view and people are investing in property like never before. With major infrastructure development in and around the city, not only Gurgaon but also suburbs like Manesar, Kundli, Bhiwadi, and the Sohna Road are proving to be excellent investment opportunities.

Nation’s top developers DLF, Unitech, Alpha Buildtech, Eldeco, BPTP, Parsvnath and Vipul are others also establishing their base in the city. Nowadays, Gurgaon real estate developers are largely coming up with premium and elite segment of residential project boasts of an exclusive state-of-the-art club along with access to sauna, squash court, children’s’ play area, gymnasium, among others.

A quick glance at the price index shows that property rates in New Gurgaon, which includes Sectors 27-34, 40-45 till 57, DLF Phase I-V, Ansals Sushant Lok Phase I-III range between Rs 35 Lakhs to Rs 2 crore in the size of 1700-2400 sq ft. Where as buying apartments in old Gurgaon costs around Rs 25- 50 Lakhs (1000 – 1700 sq ft) and in Sohna Road, where various residential projects of international standards are developing, the cost is around Rs 60 Lakhs for a 3BHK apartment flat (1400 sq ft).

Renowned Gurgaon Real Estate Builders are coming up with number of premium housing projects. These include Park View 2, Central Park, Parsvnath Green Ville, Wembley Estate, Malibu Towne, Palm Groove Heights, Mayfield Gardens, Sahara Grace, Orchid Belmonte, Eldeco Mansionzol, Vatika City, and Heritage City.

The Gurgaon property market is surging strongly. The improved infrastructure, metro rail, coupled with the growing income are some of the main factors encouraging real estate developers to invest in this fast flourishing cyber city. Though, industry experts predict an impending crunch in the investment sector of Gurgaon.

George Gonigal provides you the best and latest information on Gurgaon Real Estate, If you want to Buy Apartments in Gurgaon, he suggests you log on to magicbricks.com

By George Gonigal
Published: 7/25/2008
 
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