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.
Genesis is India's Real Estate Consultant Gurgaon association gives more astute, quicker and dependable Real Estate benefit arrangements on worldwide standards.We bargains in Residential and business property in Gurgaon, Delhi, Noida, Greater Noida, and Faridabad.
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