Gurgaon property prices have experienced an up rise since the time new urban Gurgaon came into existence. The city mapped itself on the world map due to its drastic real estate development that attracted investors from all over the world. Gurgaon real estate has been like a hotcake for investors looking for lucrative options.
Gurgaon has seen an earmark development in the area of residential and commercial property. Word-class structures and international standard of living made Gurgaon’s real estate a hot property. All the leading construction brands like DLF, Unitech, Ansal, TATA, Vatika, Raheja, Emmar MGF, and other big names have successfully launched residential and commercial properties in the city and made huge money. Individual real estate investors have seen their investments grow by almost 100% in last 10 years.
Some of the best Residential projects like DLF Ridgewood, DLF Princeton, Unitech Nirvana, Vatika City, Vipul Greens, Park View, Essel Towers, Heritage, Central Park, and many more have fully satisfied investors as well as happy residents. On the commercial front DLF Cyber Green, JMD Towers, Infinity Towers, DLF Square, have created world class office space in Gurgaon that is fetching high rental value from huge corporates.
Gurgaon Real Estate Prices Becoming Stagnant
According to the real estate experts, Gurgaon property rates have reached to a zenith now. The property rates have peaked to 100%. Also the demand and supply cycle has reached a point where supply is going to be more than demand in the coming times. With a considerable amount of ready-to-move in homes in Gurgaon, the supply exceeds the demand. Taking all these factors into consideration, experts suggest that Gurgaon real estate prices are going to be stagnant in the coming times.
This is indicative of the fact that real estate investment in Gurgaon might not fetch the same return as a couple of years back. The prices might grow in few cases but the overall appreciation will be barely noticeable. Short term investment looks all the more risky if the prices become stagnant and do not rise drastically within a couple of years.
Another factor deterring real estate investment in Gurgaon is the lack of any improvement in overall infrastructure. HUDA is not taking any sincere steps to improve the roads and other civic amenities in Gurgaon. In the course of 10 years Gurgaon’s infrastructure has fell further down in standard. Taking all these factors into consideration Gurgaon real estate investment does not look very attractive in the coming times.
It’s better for the investors to wait and watch the market condition and do not make any short term investments before analysing properly. No doubt the real estate prices are the highest when compared to other peripherals of Delhi like Gazhiabad and Noida, the situation might take a turn in the coming times.
1 response so far
1 Girish ~ Feb 2, 2012 at 7:31 am
Agree to what is written in the article…but i believe till the agent stops working as cartels and increase the prices of properties.. it is going to be difficult to buy a house for a middle class man…lets see what lies ahead..
Leave your feedback/comments