How
is property in Gurgaon market performing currently? This is a big
question, which is bewildering many buyers and investors. Gurgaon’s real estate
market has witnessed dormancy in the last few years due to lower demand and
slow sales growth. Gurgaon is very investor-friendly market and has a blend of
retail, commercial and residential projects.
According
to a report, most of the big investors in NCR are focusing on the residential
growth corridors of NH8 and the Dwarka –Gurgaon Expressway. These areas have
contributed maximum amount of supply in the past two years. The luxury-housing segment
in Gurgaon has a huge inventory level.
Market
Scenario
The
impact of the demonetisation in all the major markets is expected to be
favorable for the buyers and investors. There is likely to be downward pressure
on the prices of the land and flats. Gurgaon has been the safest place for black
money. Gurgaon’s property market has seen an influx of people from overseas. However, post demonetisation the property
prices may fall. The experts believe that the realestate market would experience a price
fall of 30 per cent.
Investment
in Gurgaon
It
can be the best time for investment in Gurgaon especially in the secondary
market. The buyers and investors can also look for resale properties and apartments.
Gurgaon is a hub for business growth and development. The market has grown
vigorously due to commercial development. People have migrated from different
parts of the country to reside and work here. Post demonetisation, there may be
growth in investment in the property market of Gurgaon.
The
most popular configurations available in Gurgaon are 2BHK, 3BHK and 4BHK units.
Many places are affordable for the homebuyers. It is a great time for
investment in the Gurgaon's real estate market. If you are planning to invest
in the property market in Gurgaon then you can choose locations such as
DwarkaExpressway, Southern Peripheral Road, and Sectors 76 to 91are few good
areas for investment. Gurgaon has great connectivity and good infrastructure. It
is considered to be the hotspots in Delhi-NCR region.
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