- ► Builders have agreed that the rates of Gurgaon properties have gone up.
- ► Number of queries have gone up for Gurgaon projects recently.
- ► Several projects of Emaar MGF, BPTP, Unitech, Vatika and M3M are coming up in Gurgaon.
- ► Investors feel that Gurgaon is costlier but it is still a safer option.
The demand for residential property in Gurgaon has grown in recent times due to a number of companies that have shifted their base to the new industrial hub. Lots of people have migrated to Gurgaon with relation to their jobs and so the rental as well as capital rates of the area have gone up.
There are two kinds of apartments available in Gurgaon; there are the luxurious villas and then the conventional flats. The builders provide plenty of choices to the consumers and that lures many to rent or even buy apartments here and that too within their budgets. Apartments here are laced with all modern facilities ranging from excellent woodwork, modular kitchens, power back up, swimming pools, shopping plazas and round the clock security systems. The services provided in each project depend on the price range one has in his mind.
The villas will generally have more modern facilities compared with the residential complexes which might have certain basic facilities depending on the budget of the residents. Many people purchase the houses and then put them up on rent as they can provide good returns later.
According to C.K. Sharma, Proprietor with SGM properties, “You can find flats with different sizes and number of room’s in Gurgaon. Sector 65 has projects like Emerald Estate, Emerald Hills Villa, Emerald Floors and Emerald Hills by MGF Emaar. Emerald Floors has 3 and 4 bedroom apartments while the Emerald Villa has 4 bedroom villas”. He adds, “Unitech’s Sun Breeze in sector 69 has 2, 3 or 4 bedroom flats”.
The price for a 3 BHK in Gurgaon starts from Rs 2,000 psf to Rs 6,000 psf. The price will increase depending on the number of rooms in the house. For a 5 BHK the price can shoot up to Rs 8,000 psf. In case you wish to rent a home here then you might have to pay the rent of Rs 20,000 to Rs 50,000 again depending on the number of rooms and the location of the flat.
Today there is a wide range of choices once one decides to live in Gurgaon. The choices are available in terms of the budget, size of the flat, area, the facilities and many more. The builders are coming with state of the art complexes which have set new standards.
As more people move to Gurgaon, the prices of the apartments will continue to rise. With several housing projects in Noida hanging in fire, most property dealers are attracting people to buy apartments in Gurgaon. Real estate brokers of Gurgaon feel that the enquiries for residential projects in Gurgaon have increased due to the land agitation in Noida.
Buying in Gurgaon right now will be a wise investment to make for the future.