Real Estate sales have risen by over 20% in the Gurgaon region in the run-up to Diwali this year as compared to last year which shows signs of improvement in the market that faced a slowdown in 2013.
Real Estate experts and consultants say all thanks to a new government, which has managed to improve investors' confidence, and the attractive marketing strategy adopted by many developers. This trend is likely to continue over the next few months.
Last year was disastrous for the real estate market, as no one was interested in buying anything. But this year, the market is more optimistic, with the high as well as middle class coming out, making enquiries and even booking apartments. This results in a rise of bookings by over 20% as compared to last year.
Commercial space also has witnessed an upswing in the sales over the last few weeks. Today, commercial development is visible near Dwarka Expressway. This area has been growing with IT sectors, corporate offices, shopping malls, studio apartments etc. This will ensure that this area has enough employment opportunities and “walk to work “is not a dream. Many industry watchers have already begun calling Dwarka Expressway the centre of Gurgaon!
People are investing in new projects, particularly in Gurgaon and New Gurgaon. Most are going for apartments which are near Dwarka Expressway, as they provide good connectivity to nearby areas.
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