Gurgaon, also known as millennium city is touted to be one the
fastest developing cities in Northern India, with a spate of developments over
the past few decades. The innumerable new
projects in Gurgaon launched by major realty players have made the city
a perfect destination for investment for both national as well as international
buyers and investors. The rapid development also indicates assured returns on
both the small and big investments.
Till a decade back Gurgaon was under developed, but India's
opening its doors to international market in the wake of liberalization and
globalization, was a paradigm shift for the city. A spate of blue chip
companies and giant corporations shifted their focus to Gurgaon. A good number
of companies entered into the space and set up base in Gurgaon. This resulted
in increased demand for commercial as well as residential spaces in the city. A
good number of reputed builders and developers started showcasing their
interest with slew of new projects in
Gurgaon.
One of the major construction in the city is Dwarka
Expressway, a 14 km stretch also known as Northern Peripheral Road (NPR). The
expressway will connect Dwarka in Delhi with NH-8 at kherki Dhaula and will
pass through Pataudi Road. This expressway is also expected to enhance the
connectivity and cut down the traffic woes between International Airport &
Gurgaon. The place also shares an excellent connectivity from the northern parts
via the Sohna Road and in the East via the Golf Course Extension Road.
The Sohna Road further connects to the Delhi-Jaipur expressway
which is a 4 lane highway connecting the satellite city to Delhi. Gurgaon
enjoys a robust connectivity that attracts many investors hailing from
different sections and strata of society. Many builders are also launching
projects targeting the middle class section of the society thereby pushing affordable
housing in gurgaon. Gurgaon enjoys the privilege of being the first
satellite town to run their own private metro know as rapid metro. This metro
is linked within the satellite city and offers an easy and fast access to other
parts within the periphery.
Gurgaon, also offers a lot of advantages as a residential hub.
Since, the city is home to most of the blue chip companies and MNC'S, people
usually prefer to buy homes close to their workplaces. This had triggered the
demand of residential property in
Gurgaon. With a spate of residential projects, many builders wanted to
cater the needs of all the strata of buyers. This shifted the focus to affordable housing in Gurgaon.
Builders came up with meticulous projects backed with robust
infrastructure and top notch amenities at affordable prices within their
budgets.
Buyers were spoilt for choices as a number of promising projects
were launched in a go. It made a great bet for the early investors and end
users. A significant change can be observed in the market that gave a high
boost to the residential property in
Gurgaon. Proximity to various well-known colleges and facilties, banks,
hospitals and malls are the primary reasons why the city emerged as a prime
residential hub.
Gurgaon is now a well-settled town and growing at a good pace. The city has bright future prospects both as a residential and investment destination.
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