Gurgaon
Information about Gurgaon city and places around Gurgaon India and NCR.

The stretch of New Gurgaon can be considered much in proximity to Dwarka and the areas of West Delhi as the Dwarka Expressway will become operational. The location of the area is very close to the international airport and the remaining stretch of the land here connects you to Manesar which is known to have great connectivity for further routes. The plots here are acquired by big builders and now they plan to implement some of their high budgeted projects here. This stretch of land is about to undergo a lot of development and will offer the investors midsized affordable land segments for residential purposes. Basically this would be solution to the housing demands of the mid income group which did not get adequate reasonable options to depend on for a decent living standard.

This stretch of land available for reasonable residing caters to the demand of huge mass of people who were in search of midsized but standard living at affordable rates. The developments in the area are much like what has already taken place in Noida and are on the verge of giving a tough competition to the recent developments in Noida. The first half of 2010 was the time when the popularity of the residential plots was on its highest but as of now; the drastic price hike of almost 15 to 20 percent has dampened the spirits of the price sensitive buyers. The project level sales have also gone down because of this rise in the prices. It is expected that if the prices of this region go further up then it might lose its image of an affordable residential zone of Gurgaon.

In the mid of 2010 the rates here were reported to be in the range of 2300 per sq. ft to 2500 per sw. ft. but now a bounce have made them touch the price levels ranging between 3300 per sq. ft to 3600 per sq. ft. It is expected that the development of Dwarka Expressways along with other upcoming infrastructure projects the prices of the area will be further increased by the authorities.

In the current scenario, the projects which are being launched in the area are of higher price levels and thus they are not able to achieve appreciable level of sales figure. It is quiet apparent that people who plan to invest in this area are quiet price sensitive and are not having the capacity to invest beyond their pre set limits. With the stagnancy in the sales figure of the plots in the area, there is a ray of hope that a drop down of at least 20% to 25% will be observed for the sale speed to regain its lost pace.

After keeping a view at all aspects it can be concluded that the area has much of potential as the future residential hub of Gurgaon. It is quite evident that this would be the target area of big developers as most of them have invested good amounts in the area. So, if you wish to but a plot then it would be wise and see what turns the property rates takes in the future to end up with smart decision.