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The real estate scenario in Delhi and the National Capital Region is witnessing a stage of transition. Posting a recovery after the economic debacle that affected even the G-8 countries, it is presently showing signs of growth. There is therefore, a sudden spurt in the real estate markets of Delhi and NCR. There has been a number of transactions in the latter half of last year in comparison to the first half.
Therefore, there has been a rise in the real estate prices in the recent years and this has been highly affected the buyers in Delhi. Owing to the state of saturation that Delhi has attained, there is a huge dearth of vacant properties in Delhi. Delhi is presently witnessing a buyer polarization to the suburban areas.
The rush to the suburbs
There have been new projects that are coming up in the suburban areas of Delhi like Noida and Gurgaon. Gurgaon has always been the hallmark of planning and efficacy. This is among the very few cities in the country where development has been carried forward in a planned manner.
Gurgaon is the one of those few locations in India where there was sufficient real estate activity even during the slump. Investors therefore are well advised to look into properties in Gurgaon with long term gains in view. This is the one location where the investment that been made in the real estate sector does not go foul.
Slump in Delhi
We have reached a point where there has been a slight slump in the Delhi real estate sector. As per available statistics, it has been seen that the properties in Gurgaon and Noida are gaining appreciation. It is therefore seen that more and more people are flocking towards these very destinations in order to procure new properties.
Gurgaon: The Way Ahead
Gurgaon has emerged as the clear winner in the virtual war that is being waged in the real estate segment of the entire national capital region. The value that every property has been fetching in Gurgaon has been fetching even in the short term has been overwhelming.
There has always been a persistent demand for properties in the entire Gurgaon province. The real estate developers most of whom have their back offices in Gurgaon have been bringing forth newer projects. The real estate market in Gurgaon has been catering to all the audience segments.
There has been an equal distribution of properties ranging from one BHK flats to luxury villas and penthouses. With a shift in buyer interest towards Gurgaon, the demand for smaller homes has been on the rise. The prices of one BHK and two BHK flats are therefore seen to be in huge demand and therefore there has been an escalation in the prices of these apartments.
The high prices of the apartments have been equally compensated by the facilities that are being provided by the property developers and the societies. Overheads such as security, maintenance and lifts are provided with no premium so that the residents do not feel that heat of the price rise.
Contact Us
Vijay Chawla
Aurum Estates
Shop No 1 Main Sohna Road
Opposite Uniworld Garden,
Adjoining indian oil petrol pump,
Sohna Road Gurgaon
(Haryana) 122018 India
Tel : +91 124 3295123
Mob : +91 9811210388, 9999997969
Fax : +91 124 2217833
Email : vijay@aurumestates.com
Website : http://www.aurumestates.com
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