Fox Real Estate

Gurgaon, a bubbling city of Haryana, has undergone significant developments in the past couple of years and is sprawling as a mega city. The city boasts of not only good quality infrastructure but also splendid real estate. Gurgaon property market has allured many big real estate players and many people have happily invested in the city. The city has a very vibrant lifestyle and high standard of living and because of its prime location and good connectivity to Delhi-NCR region, it has attracted people from all over the India. Another factor that has augmented the growth of real estate in Gurgaon is that it has housed many MNCs because of which many people are busy looking for an accommodation here.

 

Both residential and commercial property in Gurgaon is booming. The city has come up with many new shopping malls and retail showrooms. According to a realty report, the price per square feet for a commercial property was Rs.4400 but if we look at the current market scenario the prices have soared and the commercial space at a prime location would now cost around Rs.10, 500 per square feet. There are many commercial centers in Gurgaon like Udyog Vihar, IMT Manesar, InfoCity, Pace City etc, which have made it a significant commercial hub. Many people from all over India are coming to Gurgaon in search of livelihood and better education.

 

Apart from that, many commercial projects are still in pipeline like iValley at Manesar, Cyber Park at Sector 67, Element 9 at Manesar, which will further contribute to development of the city and its suburbs. The credit for making retail market hotcake in Gurgaon goes to malls like Metropolitan Mall, Mega Mall, DLF City Centre, Ambi Mall, Omaxe wedding Mall etc.

 

Both the demand and supply of commercial as well as residential properties is in abundance in Gurgaon. Many big realty players have come up with new projects and some builders are planning to launch new projects soon. DLF is planning to come up with mid segment premium new projects like Express Green and Express Towers out of which express towers is supposed to have 2BHK and 3BHK apartments where as Express Green has apartments as well as independent houses. These projects are targeted for middle income group people and have quiet affordable prices.

 

Other projects by DLF are Park Place and The Belaire, which are luxurious apartments targeted for higher income group people. Other than that, Vatika Group has launched affordable housing project namely ‘Vatika Lifestyle Homes’ located in sector-84. Emaar MGF has come up with Emerald Estates located at sec-65 Gurgaon. It has 2BHK and 3BHK apartments with 2 BHK costing around Rs. 38 lakhs and 3 BHK costing around Rs 48 to Rs.51 lakhs. Woodstock floors in Nirvana country by Unitech has come located at Sector 50, Edge towers by Ramprastha builders and many projects by India Bulls, BPTP, EMAAR group are in pipeline.