Increasing Capital Values in Gurgaon

Gurgaon has always been a developer’s paradise for its proximity to Delhi and of course, its transformation into the new age business hub of the future. Gurgaon has always been popular with professionals and businessmen who have snapped up several properties in the area and unsold inventory has never been an issue that builders have had to deal with in the city. However, it is a matter of concern that capital and rental values are steadily rising in Gurgaon and this may impact future demand and lead to a situation where supply is excessive. Looking for a 1 BHK flat for sale in Gurgaon Sector 56 or other well connected areas? You should be prepared to shell out more than expected for the same! 

This is majorly because of the rise in capital values in Gurgaon’s residential segment to the tune of a whopping 30-35% over the last year. Buying that 1 BHK flat for sale in Gurgaon Sector 56 may seem a luxury to many prospective buyers in recent times. Owing to these increases in capital values, developers are taking it a little slow in terms of launching newer realty projects and this has led to a steady fall in overall supply in prime areas in Gurgaon. Emerging residential areas where prices are still cheap and affordable are not sufficient with regard to meeting growing housing demands in Gurgaon. Capital values have increased due to various reasons including the huge delays in construction that plagued several projects from the year 2009 onwards. The supply of properties that were launched in 2009 got delayed and were finally executed and handed over in 2012, leading to a steady rise in capital values. This set the ball rolling for further increases over the years.

Additionally, corporate have started lateral hiring operations on a big scale with an improvement in the global business economy and climate. This has led to several business and employment opportunities in Gurgaon and has led to growing disposable income. Investor sentiments have improved greatly in Gurgaon over the last few years and this has led to burgeoning capital values on the back of steadily growing housing demand. There are several areas which have witnessed this rise in capital values. Prices have greatly improved on the southern peripheral road which is directly connected to the National Highway 8. This belt has witnessed huge appreciation in recent times and holds huge scope for further investments due to better linkage to Dwarka and Manesar through the NH-8. Prices are also going up rapidly in fast developing areas like Golf Course Extension, Sector 78 and Sector 70 among others.

However, appreciation in capital values should not be as damaging to the Gurgaon realty market as forecasted by some experts and developers. Property supply will explode to unmatched levels in the Gurgaon market over the next few years. Office spaces will be snapped up as always by leading corporate and more companies will be investing in setting up establishments in the city, leading to greater demand for housing in turn.