Real
estate has today become a popular investment avenue for many. However, lack of
transparency and regulations means most of us are making investment decisions
with limited understanding of the risks involved in parking their hard-earned
money in real estate.
While there are risks,
there are a few residential destinations that not only secure your investments
but also provide a hedge against the risks and economic problems. New Gurgaon
is one such location. As property prices skyrocketed in New Delhi,
New Gurgaon exploded with several options.
The Haryana Government
too is doing all it can to make the best and brightest of all tier two and
three cities within the state. The area in particular is now witnessing developments
of some of the tallest residential and commercial buildings, the widest roads,
malls and some of the swankiest hotels.
New Gurgaon today holds
a greater promise for businesses in addition to best developed residential
sectors. The region is now on its way to becoming reality – the government and
private investment are already pouring into Gurgaon in millions. We keep
hearing about the various alliances between developers and certain private
equity firms to develop projects of international repute.
But what makes NewGurgaon the best option for investment? It has much better infrastructure, located
in the NCR. Investing in New Gurgaon is a much safer bet compared to Noida or
Ghaziabad, where one keeps hearing about frauds and project delays. New Gurgaon
has the advantage of being close to the airport, National Highway 8 and offer
affordable prices. New sectors in New Gurgaon region are attracting major
investments and industry. Despite the recent infrastructural facelift, prices
in New Gurgaon are still 20-30 per cent lesser than properties sold in Gurgaon and Delhi. It is likely that area will give healthy appreciation in near
future.
On the anticipation of a
boom on the residential market and increased scope for commercial activities in
the area, commercial properties in New Gurgaon have also witnessed an attractive
appreciation of more than 50 per cent over the last two years.
As per reports of market
consultants most commercial projects would be ready for possession soon. The
area will then have a strong rental market. The current rates for commercial
property in the area are upwards of Rs 7,000 per sq ft. It is likely that the
rates will rise further.
If your current budget
is low, move further into the New Gurgaon and buy cheaper apartments. The current
market seems to be weak on account of various problems such as high interest
rates, inflation etc. Industry estimates and newspaper reports suggest that
there is a countrywide drop in sales. This gives buyers an option to strike a
good deal at good rates. If you have money, New Gurgaon is the place to be
parking it.
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