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Real Estate Market in Gurgaon

 Gurgaon is the business headquarters in Haryana and the heart of a major industrial region. The growing industrial and technological townships in Gurgaon have developed into a large and flourishing real estate market in Gurgaon because of being located within 30 km proximity to Delhi. Gurgaon also known as ‘Guru Gram’ or 'Guru Gaon' village. Prior to Indian Independence it wasan  industrially backward region, but, at present there are several companies like Maruti, Atlas Cycles etc have sprang up in this area. Real estate is booming here with new buildings coming up at a fast pace.

 

Rental rates in Gurgaon
Areas in Gurgaon Rental rates
DLF City Gurgaon 2 BHK apartments Rs 10,000 per month onwards. The penthouses are available mostly on lease and the amount varies from Rs 75,000- RS 1.5 lakhs for quarterly payment.
Sushant Lok 2 BHK, 3 BHK, and 5 BHK rooms are available. Rents vary from Rs 9,000 to Rs 80,000 per month. These flats are mostly occupied by business conglomerates.

 

It is almost hard to believe that the real estate in Gurgaon has flourished to this extent. It is the popular Electronic City now with plans of expansion on the horizon. This has facilitated the real estate business developers for whom this part of NCR is a hot spot.  This is which is mainly due to the emergence of the software industry in Gurgaon that has attracted professional from all over the country. This real estate boom in Gurgaon property has touched unprecedented heights with an increasing demand for residential projects and the number of projects that have been launched as well.  Gurgaon is often considered less expensive than Noida and Greater Noida. The room rents are not so high and many find it actually affordable. The property in Gurgaon that is located near and along Gurgaon is though expensive because of the connectivity advantage. Being one of the expanding destinations, the recession also had little effect on the Gurgaon property market. Capital flowed in for infrastructural developments from the foreign firms.

 

Residential real estate market in Gurgaon

 

The hype in the properties in Gurgaon has also resulted in the prices being actually high according to real estate reports. As for the commercial real estate market in Gurgaon is concerned the main influence has been the residential segment that has forced the construction of shopping malls, departmental stores, hotels, and banquet halls as well. Though many Gurgaon residents still prefer going down to Delhi to purchase things because of the affordability. Presently, several residential properties are underway. If you are interested in purchasing a home in Gurgaon, you can wait for the affordable housing projects in Gurgaon to be launched. It might cost you just around Rs 11 lakhs to 13 lakhs for a 2 BHK flat in Gurgaon.

 

Commercial real estate market in Gurgaon

 

Commercial Property Renting orLeasing in Gurgaon is an existing trend sionce there are few who can actually afford just ownership homes. The other commercial space in the township is reserved for the corporate office, IT parks, and other business consultancies. They occupy big and small office space starting from a minimum of 2,500 square feet. The prominent areas where the office space available on rent or lease is Udyog Vihar, Golf Course Road, Sohna Road, IMT Manesar, MG Road, Sushant Lok, DLF Phase - I, II, III, IV, and V. In some places the rates vary from Rs 8,000 per floor to Rs 18,000 for space of 3,000 square feet.