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Gurgaon is a great city in every way, be it in Educational, Commercial or Residential terms. I believe the city has developed to a great extent in the recent years. There are such excellent and well planned projects by reputed builders. I came across Luminare by Mahindra Lifespaces, as my sister is planning to buy a flat there. Such an impressive project and construction. Projects like these are making Gurgaon one of the most attractive destinations for real estate investments.
Hi Arvind, if you want to purchase for the investment plan, you must go for the property with the available all amenities and under construction because, with the time, the property will grow again compare to the present market. You can possibly check links like http://vipulaarohan.in/ on Golf Course Road in Gurgaon. This upcoming real estate with its premium location is always on hot demand.
Gurgaon has risen as the most attractive destination for land interest in the NCR (National Capital Region) according to the survey by industry body PHDCCI. Gurgaon is trailed by Delhi, Noida, Faridabad and Alwar, as per the study on‘Determinants of land: A study of Delhi NCR’ led by PHDCCI. The main reasons why Gurgaon is trending in the Real Estate market are the good transport network, presence of employment opportunities, presence of social infrastructure like schools, colleges, hospitals etc. Above all metro construction is also one of the prime reason for increase in investment sentiments and thereby increasing the price of nearby property. Therefore the main reasons of “Why Gurgaon is considering as most attractive property destination in NCR?” are: Connectivity Social Infrastructure Real Estate Sector Employment Opportunities Gurgaon is going to be the king of real estate market for a long time. Hence, those who are thinking of investing must take this into account.
Hi Arvind, It is true that Gurgaon has emerged as the most attractive real estate investment destination, followed by Delhi, Noida, Faridabad and Alwar according to a recent study conducted by the Research Bureau of the PHD Chamber of Commerce and Industry. Factors such as transport connectivity, existence of employment opportunities and availability of social infrastructure including schools, colleges, and hospitals in close proximity have made it an attractive region for real estate investment. Take for example the Luminare project by Mahindra Lifespaces. There is a huge buzz and demand around the project due to its location, architecture and modern facilities.
Hi everybody, And this run, Delhi, Noida, Faridabad and Alwar are following Gurgaon. In the list of top 10 real estate investment destinations, Ghaziabad is at 6th position followed by Panipat, Meerut, Sonepat and Rewari.
One of the survey revealed that the key factors affecting real estate investment sentiments include high rate of interest on loan followed by inflationary pressures, lack of demand and economic uncertainties.
And if the state govt. is reallt interested to reduce the property prices then they have to raise a deduction of upto Rs 5 lakh from the current level of Rs 2 lakhs for interest paid on a home loan on a self-occupied house to boost demand in housing sector.
Yes, and the reason are good transport connectivity, existence of employment opportunities and availability of social infrastructure including schools, colleges, hospitals, etc have made these destinations attractive for real estate investments.
Hi Rajesh, It is true. But at the same time, Metro construction has not only boosted investment sentiments but also resulted in increase in nearby property prices. And we all know that price is the most important factor while considering investment in real estate.