Gurgaon Real Estate – Reaching New Heights

Gurgaon real estate has seen a big revolution due to the economic boom and liberalization of foreign direct investment (FDI). The potential of economic growth in Gurgaon has made it an inviting new market for foreign investors. The city is attracting foreign investment for residential townships, hospitals, telecommunication, hotels, IT parks, etc, resulting in considerable growth in Gurgaon real estate scenario.

Real estate is the second largest employing sector including fields such as facilities and construction management. The sector is linked to 250 other supportive industries like steel, transport, brick, cement, etc. Therefore, an increase in the expenditure of one unit, has an effect on all the related fields. With significant investment opportunities in Gurgaon, international real estate players also see an opportunity to invest in the city. A boom in this industry has attracted realty funds such as Morgan Stanley, HSBC Financial Services, Citigroup, Barclays, etc.

Growth in the income levels of urban middle class is one of the main reasons of advancement in real estate. Other factors affecting real estate in Gurgaon are low interest rates, increase in nuclear families and rising awareness among young working population about the benefits of owning their own home. The modern way of thinking has changed from saving to buy a home, to buying the home first and then repaying. The rapid growth in economy of Gurgaon has led to an increase in commercial/corporate properties. India as well as its urban cities are looking at increasing demand in commercial properties to meet the growing needs of businesses, such as shopping centres, hotels, warehouses, corporate offices, etc.

Architecturally Gurgaon real estate consists of some of the most remarkable buildings, in a wide range of styles. Gurgaon skyline is recognized for its skyscrapers, as the city is home to many modern and distinct tall buildings. Some of the residential buildings in Gurgaon include high rise apartments, condominiums, builder floor apartments, individual houses, Bunglaws, furnished luxury apartments, etc. Real estate in Gurgaon is planned amidst open spaces, wide streets and lush green surroundings, offering a beautiful environment for home owners as well as business organizations to set up their properties. With increase in demand in real estate Gurgaon, India, the need for all types of real estate is only likely to continue.

Content Source: http://kashishgroup.blogspot.in/2014/09/gurgaon-real-estate-reaching-new-heights.html

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