Are Properties at Gurgaon Available?

Are properties at Gurgaon available? I got this query from an NRI investor recently. May be the enquiry was due to the high demand for properties at Gurgaon in the Delhi NCR. Though not involved in property deals in the region, I am a frequenter to the city. On my consultations with the property dealers in the locality, I came to know that both residential and commercial properties are available now at Gurgaon. Though there had been great demand for property in the region till recently, the recent financial slump in the international scene has had its echo in the Gurgaon property market also. In addition, there has been further expansion to the city and new areas have been acquired. These factors have been contributory to the recent slump in the real estate market in the region.

Properties are available for you at Gurgaon and you can make an assessment of the available properties by yourself. You need to visit the region and gather firsthand information and assess the merits and demerits of the properties available at the various locations in the city. A significant aspect of Gurgaon properties is that most of the major real estate majors like DLF, Parsvanath, Ansal, etc. have projects at various locations of the city. There are a number of completed residential and commercial complexes of these housing and construction companies. Also some projects are nearing completion and some are in the pipeline. With the addition of these projects, residential as well as commercial properties at Gurgaon will be available for anyone.

At Gurgaon, residential properties of the low-end segment are easily available in most of the residential localities. However, the price tag of properties in Gurgaon is higher than most of the other regions in the neighborhood. There are a variety of reasons for this. Among many, the better transport facilities are a prime reason for the higher property demand in the region. The recently constructed eight-line expressway connecting Gurgaon with Delhi, the National Highway connecting Jaipur with New Delhi, the on-going metro rail project between Delhi and Gurgaon, etc. have lent much higher appreciation and thereby made Gurgaon properties dearer. Yet another reason for the high demand for Gurgaon properties is the presence of a host of multinational corporations, IT companies, BPOs, etc. in the region. The growing urbanization of the region is another reason for the growing demand for properties at Gurgaon. Even then, though at higher prices, residential and commercial properties are available at Gurgaon.

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