Article Categories

»	Arts & Entertainment
»	Automotive
»	Business
»	Careers & Jobs
»	Education & Reference
»	Finance
»	Food & Drink
»	Health & Fitness
»	Home & Family
»	Internet & Online Businesses
»	Miscellaneous
»	Self Improvement
»	Shopping
»	Society & News
»	Sports & Recreation
»	Technology
»	Travel & Leisure
»	Writing & Speaking

Reprint Article Code

Category: Articles » Finance » Real Estate » Article » Article Code

Gurgaon rides the real estate boom

The once sleepy town of Gurgaon in Haryana has witnessed a real estate boom since the late 90's following liberalization of the Indian economy. Gurgaon, like Pune, Chennai, Hyderabad and Bangalore, attracts IT professionals in droves. Their salaries are comparable to the best in the world. The high disposable income in the hands of employees of the booming service sector in Gurgaon has led to tremendous spurt in demand for Gurgaon properties--- both for commercial and residential use. Strategic location With a space crunch in national capital Delhi, MNCs plump for nearby Gurgaon and many have ... read more

Article Title:

Article Body:

The once sleepy town of Gurgaon in Haryana has witnessed a real estate boom since the late 90's following liberalization of the Indian economy. Gurgaon, like Pune, Chennai, Hyderabad and Bangalore, attracts IT professionals in droves. Their salaries are comparable to the best in the world. The high disposable income in the hands of employees of the booming service sector in Gurgaon has led to tremendous spurt in demand for Gurgaon properties--- both for commercial and residential use. 
Strategic location
With a space crunch in national capital Delhi, MNCs plump for nearby Gurgaon and many have made it their corporate headquarters in the country, as it is just 10 km from the Indira Gandhi International airport. 
Gurgaon property values have skyrocketed over the past decade due to this burgeoning demand. As a result, Gurgaon properties have drawn huge investments both from inland and overseas. The influx of funds has transformed this one-time village into a hi-tech city with multistoried malls and skyscrapers dotting the landscape. 
The proposed expressway to Jaipur, metro rail connection to Delhi and the special economic zone to be developed by Reliance Industries has made Gurgaon apartments treasured possessions for builders and owners alike with the rush for bookings still on. All these have contributed to increased construction activity in the town. 
 Property in Gurgaon also attracts high rental values. Many residents of posh South Delhi areas <a href="http://www.indianrealtynews.com/category/real-estate-india/gurgaon/">buy apartments in Gurgaon</a> while some have already shifted lock, stock and barrel there to escape Delhi's congestion and pollution. Those who sell apartments in Gurgaon these days get much higher returns than in the case of flats in other areas of the national capital region. 
So, Gurgaon property owners are set to witness happy times. However, to keep the cash registers ringing, the city authorities will have to do their bit to check the rising crime graph and improve the power scenario.

Author Bio:

Some other recently published real estate articles

Effective Real Estate Strategies for Slow Markets by Craig Higdon
Speeding Commercial Real Estate Sales in Slow Markets Effectively building commercial real estate wealth requires the ability to spot a great bargain ...

Real Estate Management by Ismael D. Tabije
Real estate management is primarily engaged in the practice of handling, supervising and controlling an immovable proprietary. Purchasing real estate requires a significant investment, and each parcel of ...

Letting agents directory – making your search easier by Rick Martin
The easiest manner of advertising rental properties and of allowing tenants to view the advertised properties is by going online and creating ...

Why A Buyer Should Protect Himself With Title Insurance by Nef Cortez
Most homebuyers are familiar with other types of insurance (auto, boat, life) but are not certain as to exactly what title insurance is when it comes to buying their home. In ...

Letting agents for fast letting services by Rick Martin
If you try to count the advantages and disadvantages of renting your apartment as a landlord instead of using letting agents, you will see that the latter option is the best. First ...

Hot Commercial Properties in Gurgaon by Anand Kumar
Commercial properties in Gurgaon becomes a source of golden land investment as prices in the area reached new heights in short span of time. Infrastructure development to ...

Publisher Guidelines

You may reprint this article electronically in your newsletter or on your website, free of charge.

If you reprint this article from our site, then you must keep everything intact. This includes the articles title, author name, articles body, authors bio / resource box, the links contained within the article, all copyright notices and the link pointing back to our site. All links within the article must also be made active / hyperlinks.