Real Estate In Gurgaon - Residential & Commercial Real Estate Projects & Prices in Gurugram, India

Gurgaon: The Destination for Commercial and Residential Properties Introduction

Gurgaon, also known as millennium city, is a thriving city in the northern Indian state of Haryana. The city has developed by leaps and bounds in the last few years and has emerged as an IT Hub of North India. Gurugram’s story of its rise as an IT powerhouse began after the liberalisation of 1991. Before India embraced globalisation, Gurugram was a sleepy little hamlet. The city rocketed to the stratospheric heights of economic boom and prosperity after economic liberalisation. Several factors helped Gurugram leverage the opportunities made available by the reforms of the early nineteen nineties.

Location

The most significant factor that contributed to Gurugram’s development was its location. The city is in Haryana, bordering Delhi. Its closeness to Delhi – India’s administrative capital – ensured multinational companies made a beeline to it in search of a strategically located region. Gurugram offered real estate at dirt prices compared to metropolises but had as many advantages as any big city. The deal was too good to refuse from any corporate house. And accept the agreement they did.

The Beginning of a New Chapter

The mid-1990s was witness to Gurugram, then known as Gurgaon, magical rise. When India – as part of the deal with the World Bank during the Balance of Payment in 1991 – started to remove socialist barricades and welcomed foreign investment, Gurgaon caught everyone’s fancy. It was an excellently located region with cheap land and labour. Gurgaon was an investor’s dream come true. It offered an enabling business environment without imposing steep costs. Gurgaon never looked back since then and went on to put itself not only on India’s realty map but also global realty map.

Spin Forward to the 21st Century

Gurgaon is home to innumerable top-tier companies. From Google to Infosys to Dell to American Express to Genpact to Wipro to Accenture, you name a company, and you will find their office in Gurugram. The coming of top-tier companies in hordes brought a wave of investment, creating jobs and spurring growth. The presence of big companies also translated into the creation of a salaried class with high purchasing power. These professionals ploughed their earnings into real estate, trying to own a home in their chosen city. A thriving economy, fired by investment and the presence of a large number of working professionals, turned Gurugram into India’s Manhattan.

Real Estate in Gurgaon: A Story Unfolding

The real estate in Gurgaon is used to tailwinds. Its graph has always gone up. A rough patch in real estate in Gurgaon? Impossible! The city is such a safe real estate investment hub that it has attracted people from far and wide to invest in the hope of higher investment returns at minimum risk. The higher the risk, the higher the profit is a well-known rule of the business world. This rule does not apply to Gurugram. Here, you can have unheard-of profits without much risk! The real estate story in Gurgaon is an outlier but true.

The city offers many options to investors. Whether one is a home seeker or looking for higher investment returns, Gurugram’s dynamic real estate market offers something to everybody. The city’s location, world-class connectivity, and ever-expanding employment opportunities are the main contributors to its real estate growth.

Residential Real Estate Projects in Gurgaon

Gurgaon offers many residential options, catering to the unique needs and preferences of different home seekers. Whether you are looking for a modest apartment or a luxury villa, you will find one that fits your bill in Gurgaon. The demand for residential spaces in Gurgaon is very high, and if news reports are to be believed, Gurgaon has one of the lowest inventory overhangs in the country. Real estate developers have walked the extra mile to attract people to properties in the city. The cutthroat competition among real estate investors has benefited the investors by making the price competitive.

Commercial Real Estate in Gurgaon: A Destination for Top-tier Companies

Gurgaon is home to not only residential properties but also commercial ones. For a very long time, the city has been a burgeoning commercial centre. Closeness to Delhi and world-class infrastructure have attracted top-most global companies. Golf Course Road, Udyog Vihar, Cyber City, et al. are home to impressive commercial spaces. These commercial places boast state-of-the-art infrastructure and offer excellent amenities ensuring robust growth for businesses.

Gurgaon and Its Real Estate Projects

Real estate projects in Gurgaon epitomise innovation and human enterprise. The city is punctuated with several real estate projects – ongoing and finished – offering options to investors seeking higher investment returns. The real estate projects in Gurgaon incorporate the latest technology, ensuring energy-efficient designs and comfortable layouts.

Price of Real Estate in Gurgaon

Gurgaon’s real estate market has witnessed continuous growth. But yet, the prices of real estate properties in Gurgaon remain affordable compared to other metro cities. It is crucial to be proactive in your property hunt to get the best deal. Real estate consultancy advice on the right investment time is also strongly recommended to maximise profit.

The Benefits of Investing in Gurgaon Real Estate

The Benefits of Investing in Real Estate in Gurgaon are many. The city offers a perfect mix of modernity and cultural heritage in the residential segment. The city is home to top-ranking schools, colleges, universities, and the best medical facilities. Living in Gurgaon is a hassle-free experience. On the other hand, investing in commercial properties too promises to bring higher returns as the city is a favourite destination for multinational companies. Office space, retail shops, and other commercial spaces in Gurgaon have excellent potential to bring in higher returns.

Final Word

Gurgaon is a rapidly growing city with a lot of potential for further development. The city is home to some of the best residential properties in the country and world-class commercial spaces. Top-tier companies have made Gurgaon their home for many reasons: