Observing growth in property value in the NCR,
Gurgaon seems to lead the others due to rapidly growing rates in areas
like Dwarka Expressway, National Highway 8, Sohna Road and Golf Course
road. The NCR has been the favorite destination of investors for last
few years. Some of the areas in this region have witnessed more than 20
percent increase in the market value of the real estate.
Since 2008, properties near NH-8 have appreciated up to 26 percent while those in Dwarka Expressway have increased up to 25 percent. For example, the projects near NH-8 were introduced with the price range of Rs 2,400 to 2,550 per sq ft which are now being sold at Rs 5000 to 7000 per sq ft. Similarly, properties on Dwarka Expressway were offered in the price range of Rs 2,700 to 3,100 per sq ft in 2008 and the same were offered in the price range of Rs 4,500 to 6,000 in 2012. Thus, investment in the city of Gurgaon is yielding good results.
No other region in the NCR is showing so lucrative real estate increment. The reasons behind this growth are clearly visible. The first reason is that the city offers very good job opportunities. The second reason is that it’s not targeted by the investors only. End-users are also buying properties here. Both these factors keep on generating demand for properties in the city. Moreover, some areas of Gurgaon are considered under master plan 2031. These areas are being developed rapidly to meet the increasing demand of residential properties.
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One of the most important reasons of popularity of the city among investors and buyers is the fact that property over there is freehold which may be easily sold at the freer will of the owner. On the other hand, property in Noida is leasehold with too much interference of the local authorities. This factor also goes in the favor of Gurgaon.
For more information visit http://aurumestates.com
Since 2008, properties near NH-8 have appreciated up to 26 percent while those in Dwarka Expressway have increased up to 25 percent. For example, the projects near NH-8 were introduced with the price range of Rs 2,400 to 2,550 per sq ft which are now being sold at Rs 5000 to 7000 per sq ft. Similarly, properties on Dwarka Expressway were offered in the price range of Rs 2,700 to 3,100 per sq ft in 2008 and the same were offered in the price range of Rs 4,500 to 6,000 in 2012. Thus, investment in the city of Gurgaon is yielding good results.
No other region in the NCR is showing so lucrative real estate increment. The reasons behind this growth are clearly visible. The first reason is that the city offers very good job opportunities. The second reason is that it’s not targeted by the investors only. End-users are also buying properties here. Both these factors keep on generating demand for properties in the city. Moreover, some areas of Gurgaon are considered under master plan 2031. These areas are being developed rapidly to meet the increasing demand of residential properties.
Featured Links
One of the most important reasons of popularity of the city among investors and buyers is the fact that property over there is freehold which may be easily sold at the freer will of the owner. On the other hand, property in Noida is leasehold with too much interference of the local authorities. This factor also goes in the favor of Gurgaon.
For more information visit http://aurumestates.com
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