FDI NORMS RELIEF MAKE REAL ESTATE SECTOR OPTIMISTIC

The government has relaxed FDI norms as stated in the Union Budget which is able to conceivably double the influx of funds into the real estate sector and make the country a step nearer to NDA's poll promise of 'Housing for all by 2022'.

The government's call to relax foreign direct investment (FDI) norms in the construction industry will go protracted approach in reviving the sector. Builders and developers say the choice will definitely facilitate in bringing down the cost of construction, because it can result in the supply of low funds to the sector.

This will not only solely result in to the creation of new jobs in the industry, but also help the government achieve its poll promise of “Housing for all by 2022“, they said.

The Union government reduced the necessities of minimum built-up area to 20,000 sq meters from the existing level of 50,000 sq meters for 100% FDI in the construction of projects under automatic route.

It also reduced the need of minimum capital investment for a project to qualify for 100% FDI by 50%, to $5 million from $10 million. Apart from this, if a developer constructs affordable houses on 30% of the project area, the new norms have waived off all the necessities for 100% FDI.

These measures have the potential to more than double FDI inflow into commercial real estate, hotels, housing and townships in the next one year.

The government's call will definitely facilitate the real estate sector, but added a caveat that the government should streamline the approval processes additionally in order to make business easier. The government's call to ease funding rules for FDI within the construction sector may be a step in the right direction.

However, this was not among the big reforms needed to to attract around $1 trillion over the next five years to overhaul infrastructure like ports, airports, and highways, which might boost growth.

The government should work to introduce larger reforms which are required to make it easier to do business in India. The country's ranking has recently slipped by two points to 142 among 189 countries.

Performance falls even further when one considers two areas that are important to the real estate business coping with construction permits that weekend to 182 out of 189, and imposing contracts, ranking 186 out of 189 countries! In terms of direct support to the residential sector, availability of finance is an important area with mortgage debt in India only around 9% of GDP versus China (35%) and the UK (70%).

Buying a home is one of the best investments available and inspiring families to buy through finance offerings is a good policy. With progress on these fronts, FDI investments will naturally flow into India, attracted by the tremendous potential of the size of the population, increasing earnings and urbanization.

Apart from the financing norms, the government also set to ease the otherwise cumbersome procedure to exit a project and repatriate profits. This will also act as one more advantage for foreign investors. India attracted $1.2 billion in foreign direct investment in 2013-14, whereas the FDI inflow was $1.3 billion in the previous year in the sector.

This call has sent a positive signal to the real estate sector, which will be reflected in the coming days. The new changes can facilitate attracting money, which might revitalize the sector parched for funds. It would also increase the supply of affordable housing in the country, which is the highest priority for the new government.

100% FDI would mean that more capital will be invested in towns and cities for the development of residential and commercial spaces. The new policy announcements would enhance the general investor sentiments and expand the inflow of funds.

The decision was the much needed breather for the sector and would encourage developers to be more aggressive in the segment, whereas taking development beyond metro cities.

This would ease the burden of lending for banking and non-banking institutions, which till date are bearing the load of capital needs of the real estate sector, thereby serving other sectors grow.

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Dwarka Expressway projects speeds up

Dwarka Expressway

The year 2013, has been a roller-coaster ride for the Realty Sector. A lot of new projects were launched by some of the best builders in Gurgaon which were being promoted by different alluring schemes. Considering different areas, Dwarka Expressway managed to catch the most attention of the investors and the builders. 

The Expressway connects Dwarka with National Highway 8 at Kherki Dhaula and passes Pataudi Road. Lately, the work on the expressway was all stuck up due to land acquisition issues; but the end of the year 2013, brought a sense of relief for the investors of the Dwarka Expressway with the work to resume.

The expressway was expected to be completed by March 2012 but due to the hurdles in the Land Acquisition it was left in between. The builders of the upcoming projects on Dwarka expressway played an important part in resuming the work and ensuring that the expressway is ready as soon as possible.

According to the sources, due to the delay Indiabulls – the contractor of Dwarka Expressway has demanded compensation from Haryana Government. Since this procedure could have delayed the work further, thus the builders under the CREDAI have pooled money to pay to the contractor and make sure the work resumes.

Dwarka Expressway, at present is the most sought after option amongst the investors and end users in NCR. This was one of the major reasons that the delay in the construction work could not be bore.  

Now, according to the new estimate, the work will get completed by March 2014.

There are just 4 small stretches left now to be completed. Out of 18 kms stretch, 14 kms of the expressway has already been completed. According to the, detailed map of Dwarka Expressway 800 meters have been given to the Indian Railways for the construction of a rail-over-bridge. Around 700 meters of land is under various HUDA utilities.

High Court has put a stay order on the 2.5kms of the Expressway stretch. To sort out this issue, HUDA has announced a rehabilitation policy. Under this policy, people with built-up homes or structures are being offered alternative plots in sector 110A and 37C. These plots are of the same size as the plots being taken over. Only 15 Acres is required to re-settle the petitioners. The Dwarka Expressway will bring the Delhi and Gurgaon closer and also would smooth the traffic flow by reducing the jams. This will also reduce the distance of International Airport from the millennium city. 

More than 33,000 houses are under construction on Dwarka Expressway. With projects from low-investment to high class luxury projects, Dwarka Expressway has something for everyone. The main developers here are Indiabulls, Ansal, BPTP, Ramprastha, Puri Constructions, Sobha Developers, Assotech, Raheja Builders, Chintels, ATS, DLF, Orris, Bestech, Vatika, Mapsko, Universal, Vardhman to name a few.

Properties in Gurgaon

Environment must exist in Urban India

Global warming is the major challenge being faced by the world today. When it comes to India’s contribution towards Global Warming then the Urban India comes among the top contributors. Nor can we deny the above stated fact and neither one can deny the fact that Urbanization is the key to development.

Development and growth brings a lot of opportunities. When we talk about opportunities then we consider a place where we can have better living standards and better employment opportunities. These two factors are really important if we want to achieve the title of “Developed country”.


According to the experts, by 2050 64.1% of developing world will be urbanized. Urbanization broadly means the physical growth of Urban Areas. This growth is surely more than just loosing green fields and water bodies. Industrialization is an important part of Urbanization, which affects the environment directly and it is also reducing soil moisture and a reduction in re-uptake of carbon dioxide emissions.

This does not mean that urbanization must not take place. Urbanization must take place as this is the key answer to many problems. With urbanization the living conditions, employment opportunities as well as the economic growth advances.

So, this simply means that the Urbanization and the Environment conservation must go hand in hand. Real Estate developers can play a vital role towards environment conservation. Builders these days are really focusing on Green Building Certification, Rain-Water Harvesting and Power Conservation.
This is a very positive step towards a greener tomorrow. Urbanization with responsibility is what we need for a greener and developed country.

Properties in Gurgaon

Ansals steps in Luxury Segment

Real Estate Development in Gurgaon is at the peak at present. Gurgaon now titled as “Millennium City” is the second largest city in Haryana and lies in NCR.

Gurgaon is one of the most happening cities in India. It is the home of many corporate offices like TCS, Microsoft, Accenture, IBM, Sapient, Motorola etc. Not just this Gurgaon is also a hub of BPOs, KPOs and MNCs like WNS, Convergys, Genpact and many more. With awesome corporate life, the city also offers great recreational and relaxing options as one can find many renowned lounges, pubs, hotels, restaurants and clubs. Not just that The Golf Course in Gurgaon is a boon for all the Golf-lovers.

Once you are a resident of Gurgaon you can surely agree on the part that though with some shortcomings, the city still manages to offer lifestyle, fun, class and facilities to its residents.

The city is still growing and some of the major residential projects are coming really soon in Gurgaon. Ansals had been giving a very active contribution towards the development of the city. Ansals have developed huge colonies in Gurgaon namely Sushant Lok Phase I, II and III. Not just that Ansals has also contributed towards the commercial development of the city with markets like Sushant Arcade, Sushant Estate and more.

This is the first time that this great builder is entering the Luxury segments. Ansals is presenting its first ever luxury project in sector 88 A.  This much talked about project is great when it comes to location, connectivity and amenities. Spread across 10.10 Acres, this residential project will offer ample of amenities to add the luxury to your lifestyle.

Some of those amenities are:

1. Daikin/Hitachi ACs in all the Bedrooms 
2. Imported marble flooring in Master Bedroom & Drawing and Dining Area 
3. Laminated wooden flooring in other bedrooms 
4. Branded wall tiles in Bathroom with Imported Marble Counter and Branded Fittings 
5. Modular kitchen with two sides running counter along with Hob & Chimney  
6. Only 4 units per floor/core
7. Well-designed corridors and lift area on each floor.
8. Best use of space, every bedroom will have enough space to meet all requirements.
9. Every tower will have double height entrance AC lobby.
10. The amenities also include Club House: Exclusive large club of 10000- 12000 sq.ft. along with one swimming pool for adults and a toddler pool for kids.
11. Modern amenities like GYM, Badminton Court, Spa, Pool Table, Yoga/Aerobic/Mediation Room, Party Area, Designated Play Area for Kids and much more.
12. Central park and Green area, Landscaped garden, Walking Track & Water Bodies

Talking about the location, the greatest advantage that the Project enjoys is that the Project adjoins the upcoming commercial hub in Sector 88.

One can easily relate the future of sector 88 to the present value of Sector 29, Gurgaon. The commercial value that the Sector 29 enjoys at present is exactly what the sector 88 would see in just few months to come. Development work of the sector is expected to start within 3 months and within few years of time the Sector would definitely take up the shape of biggest commercial hub in Gurgaon. Ample of commercial activity comprising of High-street markets and best of Eating joint is what will be the future of Sector 88. In coming time, Sector 88 will see the largest commercial development in entire Gurgaon region. The project will be connected with proposed 24 meter wide circulation road on two sides and surrounded by upcoming township by Vatika.

All this will definitely provide an awesome value to Sector 88 A, where the upcoming project of Ansals is located.

What more a person needs? This upcoming residential project is really worth investing for.

Property in Gurgaon

Top 5 Traps to avoid when investing in Real Estate

High returns and safe investment is what is making Real Estate so popular among the investors.  But recently the Real Estate market is showing uncertainty and this is when you as an investor must take care of few this things before investing to save yourself from the Real Estate traps.

We will be discussing 5 Common Real Estate traps that any investor must avoid to get a beneficial deal.

1.       Check the Price:

Abide by the old proverb “You make money in real estate by what you pay for it, not what you sell it for”. The price of the property will thus ensure that you are going on the right track. If you are buying in a heated market or in a ‘hot’ neighborhood, then the price will surely be rocket high. Make sure that your property is value for money before investing a huge amount. Stay away from inflated prices.

2.       History of the Developer:

Before investing in any project, remember to know about the developer. Real Estate market is booming and this is attracting newbie in the industry. In this industry, experience matters a lot and thus, you must be well aware about the history of the developer like when did they enter the market, their past projects and also the success rate of those projects.

3.       Geography of the Project:

No matter you are going for commercial or residential location and neighborhood matters a lot. Choosing the right location can happen only when you know why you want to buy the property. Always choose the property matching your requirements. Remember it is not your property which states the standard of the neighborhood but the neighborhood will make the standard of your property.

Location of the project holds an equal importance in the case of commercial property as well. Location is the factor that will decide your customers, thus the success of your business. Do not go for words but check for yourself the location and future chances of development.

4.       Facilities & Amenities:

This again is the trap that developer through on the investors. After choosing the location and the project, choosing the facilities is equally important.

There are few basic facilities and amenities like parks, power back up, water supply, security, well lighted roads within the locality or society, availability of daily needs and ample parking space must be there with other modern amenities. As no matter how beautiful your house is but without these facilities your stay can become really hard.

Facilities & amenities play an important part even if you are investing in a commercial property. Do not go by the words of the developer, but make sure yourself of the availability of the amenities like power back up, ample parking space, good electrical fittings etc.

5.       All that glitters is not gold:

This is a universal truth and thus holds importance in the case of investing in Real Estate as well. You must always take care and do not get allured by the samples built by the developer. Make sure that all you are seeing must be present on the papers as well, so that in future you do not end up making a fool of yourself.

We hope that these 5 points will prove to be beneficial and wish you a HAPPY INVESTING!

Property in Gurgaon

Top 10 FAQ for taking HOME LOAN

It will not be wrong to call ‘House Property’ the safest investment of all. It has become a trend to invest in Real Estate. People find Real Estate the most effective, safe and secure investment of all which is sure to give best returns.

The growth in prices has increased the demand of Real Estate as well. The growth in Realty sector has attracted many investors to invest in Real Estate. This has also increased the people who take home loans to buy the property. Now a days, almost every commercial bank offers home loan.

This article is all about the same; sharing the prerequisites of getting a home loan according to the norms of RBI.


1.Why should one seek first time loan?

One can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Generally different banks have different policy for those who are going for a second house.

2.How does the eligibility for the home loan decided by a bank?

Any commercial bank assesses the repayment capacity of the home loan applicant while deciding the home loan eligibility. Repayment capacity is based on applicant’s monthly disposable / surplus income and other factors like spouse's income, assets, liabilities, stability of income etc. All bank is concerned about is whether or not the applicant can comfortably repay the loan on time. The higher the monthly disposable income, higher will be the amount applicant will be eligible for loan. However, some banks calculate the income available for EMI payments based on an individual’s gross income and not on his disposable income.

3.In general, what all documents are needed to apply for the home loan?

In addition to all the legal documents of the property purchased, there is a checklist of documents that the applicant must submit, which includes Identity and Residence Proof, latest salary slip and Form 16 ( for business persons/ self-employed ) and last 6 months bank statements / Balance Sheet, as applicable.

4.What are the different interest rate options available?

There are generally two interest rate options that the banks offer, floating interest rates and fixed interest rates. Floating rates tend to change with the inflation in the economy while the fixed rates are fixed for some time or for the whole tenure of the loan.

The applicant however, should not get attracted by the fixed rate home loan. Instead, the applicant must verify, inquire and understand all the terms and conditions prior to applying for the loan.

5.How does the tenure of the home loan affect the EMI?

The mathematics applied here is way too simple! Longer the tenure, lesser the burden of EMI and, shorter the tenure greater will be the burden of the EMI.  But, longer tenure also means paying a heavy interest to the bank over the years.

6.What is pre-EMI interest?

Depending on the stages of completion of the housing project, sometimes loan is disbursed in installments.  Pending final disbursement, you may be required to pay interest only on the portion of the loan disbursed. This interest called pre-EMI interest.

However, some banks many banks offer a special facility whereby customers can choose the installments they wish to pay for under construction properties till the time the property is ready for possession.

7.How to tackle with the banks?

Hurrying unnecessarily can ruin everything. Take your sweet time before applying for the loan. Prior to taking a decision you must follow the theory of Consult and Compare:

I.You must consult different banks regarding rates, reset clause, spread/markup, margins and fees. Compare the banks on the basis of the above parameters and then reach the decision of taking the   loan from the best.

II.Ask the lender to pen down all the cost associated with the loan. This will not only keep you    benefited but also help you gain the best deal.

8.Is the pre-payment of the loan allowed?

Yes. The applicant can go for pre-payment of the loan in a lump sum amount. However, many banks charge early repayment penalties up to 2-3% of the principal amount outstanding. If the applicant does not have the capital to pay a lump sum amount, he can also go for the option of paying an extra amount in the EMI periodically.

9.Is there any tax benefit on the home loan?

Yes, being the resident of Indian one is eligible for certain tax benefits on both principal and interest components of a loan under the Income Tax Act, 1961. Under the current laws, one is entitled to an income tax rebate for interest repayment up to Rs. 1,50,000 /- per annum.

10.What security does the applicant have to provide against the home loan?

Generally the security provided is the first mortgage of the property. Banks also sometimes ask for    other collateral security as may be necessary. Collateral security assigned to your bank could be life insurance policies, the surrender value of which is set at a certain percentage to the loan amount, guarantees from solvent guarantors, pledge of shares/ securities and investments like KVP/ NSC etc. that are acceptable to your banker.

Property in Gurgaon

How to save capital on Capital Gain Tax ?

Let us first understand what exactly is Capital Gain Tax? Capital Gain Tax in simple terms is the profit made on the non-inventory asset. It is the difference between the amount invested and the amount gained at the time of selling the asset.

Real Estate is regarded as any other asset today.  Buying and then selling the property for financial gains have become a common practice now. People want to invest in property as it is the safest investment of all. The amount of gain on the selling of property is generally a huge amount and so is the tax on it. We in this article will share with you some expert advices to save capital on capital gain tax in the case of Real Estate.

Two kinds of capital gains can be made by selling a house property if the property is held for less than three years before selling it, then it is considered a short-term capital gain (STCG) and you have to pay tax according to your income-tax slabs. If the property is sold after three years or 36 months, then it is considered as long-term capital gain (LTCG) and you have to pay 20% of the profit as tax.
In short term capital gain, the gains from the asset is added to your income (considering it as your regular income) and taxed as per the income slab you fall under. While when it comes to long term capital gain, tax calculation involves the indexation.

Ways to save Capital on Capital Gain Tax:

1.Purchase another Property:

This is the most popular practice that the tax payers undergo. Investing in another property or investing in the construction of another house is what helps in saving capital on the capital gain tax. Also there is no restriction on buying the commercial property. Apart from that one thing to be kept in mind is that you should not transfer the new house within a period of three years otherwise capital gains exemption allowed earlier will be taxed as long-term capital gain.

2.Capital Gain saving scheme, 1988:

According to this scheme, you can deposit the non utilized money in a capital gains account with a bank which can be later withdrawn for purchasing or constructing a new house. Amount must be deposited before filing tax for the year.

3.Invest in Bonds U/S 54 EC:

Investing in Bonds U/S 54 EC can give you an exemption of tax. You can invest your long- term capital gains in bonds of the National Highways Authority of India or the Rural Electrification Corporation and you have to hold these bonds for minimum three years. Remember to do this investment within a period of six months from the date of sale of your old house property.

We hope that this article was useful to you; in case of any queries you can make your queries on our blog.

Property in Gurgaon

Bhiwadi: The Upcoming Real Estate Hub

Bhiwadi is the Industrial Hub that lies in Rajasthan. Bhiwadi lies 70 km from Delhi and comes under Delhi-NCR region.  This town in North is already a developed Industrial sector, with around 2,700 big, medium and small scale industries.  The industries that are functional in Bhiwadi are furnace, steel, electronics, engineering, printing, textiles, pharmaceuticals cables, rolling mills, food processing, herbal care units, etc. This growth in the industrial area is driving the growth in the residential sector too.

At present, Bhiwadi is at the peak of development. The town offers all urban facilities and offers modern lifestyle. Bhiwadi is becoming a favorite Real Estate spot among the developers and investors. There are various reasons behind the development of Real Estate in Bhiwadi; some of them have been discussed below:

1.Industrial Hub: Bhiwadi being home to almost 2700 industries is the Industrial Hub of North India. This has directly affected the demand of the Residential projects in this area. The people working in Bhiwadi find it better to settle here only rather than commuting daily to the work. This has also brought a growth in the lifestyle and standard of living.

2.Connectivity: Bhiwadi lies on National Highway 8, makes this town easy to approach.  Bhiwadi is close to Manesar and just 70 kms from Delhi and around 50 kms from Gurgaon.

3.Affordability: Bhiwadi forms the best area to invest in. Comparing it from the other NCR cities, Bhiwadi is the best place to invest in. The prices of the residential projects in Bhiwadi are well in reach of the middle class.

4.The future is here: Talking about the future, there are many other industries as well which are planning to come up with their corporate offices and factories in Bhiwadi.  Not just this but many well known builders are also planning their projects in Bhiwadi. In coming few years, Bhiwadi will surely see some of the best developments and highest growth.

In comparison to other NCR cities, for the middle class families Bhiwadi is an apt choice to invest in Real Estate. Lack of water supply is the major issue in the NCR cities, while Bhiwadi is far away from this problem. The locational advantage of Bhiwadi is attracting not only residents, developers and investors but also the Industrialists from nearby states like Punjab, Rajasthan and Haryana.

Bhiwadi provides the best of amenities like ample of water supply, better sewage system, well-built roads and great infrastructure, schools, medical facilities and great connectivity within the city as well as with the cities around.

Bhiwadi will see highest Real Estate growth in few years to come. Terra Group, Avalon, Krish Group, Omaxe, Nimai Developers, Kajaria Group and Piyush Group are some of the builders developing the Residential projects which will include townships, apartments and more in Bhiwadi.

To summarize, Bhiwadi forms the best investment option at present. Bhiwadi offers great housing projects with best of facilities and infrastructure at a very affordable price.

For Property in Bhiwadi:- http://projectinbhiwadi.in

-Saumya Chaturvedi

Real Estate Consultants

In past few years, Realty Sector has undergone a lot of changes and development.  There has been a significant growth in the Real Estate Sector, which has been driven by various factors. Some of them being, the globalization, growth of Information Technology, change in customer preferences and more.

Realty sector is no more just about buying or selling. It has moved much ahead now, with Realty being more organized, enforcing systems and involving more educated people. Real Estate Consultants are the new hype in the market.

Who are Real Estate Consultants?

To be precised  Real Estate Consultants are the ones who add value to your investments. They are the ones who do intense market research and then provide you with the most appropriate and feasible option. They are the ones who would take care of all the documentation, so that you can have a smooth deal.

Why do you need Real Estate Consultants?

Real Estate Consultants form the present face of Realty sector. Taking the help of real estate consultancy is really the need of the hour today. With fast pacing life, it is almost impossible to manage property, undergo intense market search, deal with the tenant or the landlord and most importantly manage the risks involved.
There is just one point solution to all these problems- Real Estate Consultants!!

What services does the Consultancy cover?

1.Landlord Representation:
This involves dealing on the behalf of the Landlord. It requires an in-depth research of both the property market and the needs of the end user.  The Consultants aim at enhancing the asset value for building owners/Landlords through maximizing rental values, higher occupancy and finding them quality tenants.

2.Tenant Representation:
Tenant representation involves full qualitative and financial analysis to help tenant take the suitable and wise decision. This also demands to sort out the best location according to the preference of the client that includes budget, environment and need.

3.Legal Services:
Real Estate Consultants usually take care of the legal services involved during the deal. The legal services include the documentation process, working in conjunction with the brokers for the transactions and maintaining the landlord-tenant laws.

Involving a consultancy firm in all the transactions make them more transparent, easy and smooth. This not only makes it easy for the buyer and seller but also makes the deal more comfortable and flexible.  Apart from this, involvement of the Consultancy firm improves the relationship between the two parties involved in the deal.

Property in Gurgaon

What drives Real Estate Industry?

The current stats tell that 50% of our population lies below the age of 25 years while more than 60% of the people are below the age of 35 years, which means that majority of India’s population forms young population. Increase in the corporate jobs, better lifestyle is what is attracting the young India to settle in the cities like Delhi, Gurgaon, Noida, Pune, Mumbai and Bangalore. This in turn is driving the growth of Real Estate Industry.

If we talk about the actual stats of residential properties then according to the report of World Bank, India is facing a shortage of up to 70 million residential units due to the increase of economic activity and rapid urbanization.

THE CURRENT SCENARIO

The current scenario of the residential societies is dreadful! Congested lanes, water logging issues, lack of basic amenities like water supply, electricity and car parking etc, traffic problems and many more are some of the major issues being faced by the urban cities. The reason behind this hush and rush is simple- the demand is increasing and supply is short!

Another issue that needs to be taken care of is the global warming. Increase in population, lack of drainage and amenities all of them together forms the reason behind the global warming, directly or indirectly. The best way the Realty sector can take care of these issues is promoting Eco-friendly homes, planting more trees and increasing the use of solar power.

WHAT CAN BE DONE?

There are a few of the developers that are taking steps towards the greener tomorrow. Some of the developers like Ansals, Vatika, 3Cs are Jaypee Greens bringing the green city within the NCR cities. Introducing Eco-friendly homes, better drainage facilities and steps like battery operated cars are few which can take care of the greener tomorrow.

It is a circle that goes around and all the components of this circle are interlinked. Be it social impact, people, lifestyle, real-estate, environment or economy, everything is interlinked and the rise of one affects the whole circle.

A good project is the one that offers great living spaces combined with all the amenities and infrastructure. Real Estate is no more just about bricks and mortar, now it has some social responsibility too.

Thus, with growth in the Industry, Real-Estate Industry needs to understand their social factor as well to survive in this ever growing Industry.

Property in Gurgaon

GURGAON REAL ESTATE IN 2013

Though the UNION BUDGET-2013 was not up to the expectations of the Realty Sector still, this industry has not lost hope. If we go by expert advice, year 2013 has a lot in its store for the Real Estate Industry. Most of the development and growth is expected to be in Gurgaon and Noida. The prices of residential projects are likely to appreciate in 2013 which will attract many investors to the market.

When we talk about Gurgaon, there was an improvement in the year 2012 as compared to year 2011 in terms of residential projects. Research shows that in year 2012 around 22,000 new residential projects were launched in Gurgaon.

The question is what attracts investors to Gurgaon?  The reason is quite visual. The development in past 25 years has helped the city to achieve the title of Millennium City. Drastic growth in the commercial and industrial sectors has driven the growth and development of Real Estate in Gurgaon.

Current year-2013 will mainly be dedicated to the development and completion of the projects by the builders. Gurgaon acts as a magnet to all sorts of investors; be it in residential or retail. The highest appreciation will be seen on Dwarka-Gurgaon Expressway and Golf-Course extension road. The factor behind this development is that these locations enjoy close proximity to the capital city-Delhi.  Another positive point is that Golf-Course extension road promises steady construction schedule.  This led to the growth in the lifestyle and here is the city today offering best of Restaurants, 5 star hotels, Clubs, Golf-course, best of schools offering good education, high street markets, malls and off-course luxurious residential projects making Gurgaon a city with ideal climate for business and residency.

When so many people started to migrate to the city due to their work, growth of amenities, facilities and infrastructure in the city became the need of hour. The city at present is the most happening place as it has many pubs, lounges, great eating-joints and clubs. The development of IT/ITeS, MNCs and corporate offices has forced the young professionals to settle in the city as well. Gurgaon has become a place where young India dreams and dares to achieve. Gurgaon for them is young and fast city which gives a lot of opportunities to grow.

Like we know that perfection exists only in dictionary, Gurgaon too has some drawbacks. Though the development plans were high but in the past years Government failed to keep up the pace with the rapidly upcoming residential projects. Slow infrastructure development in the city disappointed many investors and buyers giving Gurgaon a bad status. Gurgaon government is doing all it can to make the city rise up among the neighboring NCR cities. Providing broad roads for the swift flow of traffic, manicured parks to provide greenery to the city and improvement in the infrastructure is all the government is working at. Changing shape of Gurgaon is not only attracting the working class but also the businessmen and the elite classes as well.

Talking about the future; it is bright and promising. The city shows a lot of potential and will continue top the realty charts.

Property in Gurgaon