Compared to many big cities of the country, the demand for property in Gurugram is the highest. This is a city where the real estate sector is giving the highest returns. If compared to other big cities of the country, it is growing at the fastest pace.
Millennium City Gurugram, 32 km away from Delhi, is a city where lakhs of people from all over the country come in search of employment. Big companies from all over the world are present here. People want to settle in this high profile city. They want to buy their house here. For the last few years, the real estate sector here is growing rapidly.
Compared to many big cities of the country, the demand for property in Gurugram is the highest. This is a city where the real estate sector is giving the highest returns. If compared to other big cities of the country, it is growing at the fastest pace.
Property expert Pradeep Mishra says- If we compare the real estate of Gurugram with cities like Mumbai and Bangalore, then the returns here are much higher. In Mumbai, a property worth Rs. 50 lakhs has reached Rs. 87 lakhs in 10 years, but if we talk about Gurugram, a property worth Rs. 50 lakhs has become Rs. 2.24 crores in 10 years, giving an annual return of about 16.2 percent.
Why have property rates increased so much in Gurugram?
The reason for the boom in property in Gurugram is the continuous development happening here. Proximity to Delhi Airport, world class infrastructure Dwarka Expressway and Delhi-Mumbai Industrial Corridor have made Gurugram the most high demand city for investment. Pradeep Mishra says – In the last 5 years, better returns have been received due to infrastructure development.
Many investors have also invested a lot of money here. They have also played a big role in taking the real estate market here forward. Gurugram has become the country’s largest corporate powerhouse, where there are many multinational companies. Lakhs of people from all over the country are working here. So obviously the demand for houses has also increased. Here people are not only getting houses to live in but are also earning good profits from the rent of their property.
Lack of affordable homes
Pradeep says- Gurugram is a place where there is a shortage of affordable houses as per the demand. It is very difficult to get a 3 BHK flat for Rs 1.5 to 2 crore. At the same time, there are many options in the luxury and premium sector. The demand is high, so the rates of houses here have increased rapidly. The best areas for investment in Gurgaon are Dwarka Expressway, New Gurugram, Sohna Road, Golf Course Extension Road and Cyber City.
If you are looking for property in Gurugram, first of all, find out the location. Location means where the property you are buying is located and what are its future prospects. What is in the government’s master plan for that area? Connectivity to the metro in the future and which projects are going to come up there.
You can also see if a blueprint has been prepared for the development of some infrastructure projects in that area or not. Also, keep in mind whether the project you are investing in today is RERA approved or not. Do not rush into any property deal, do not come under pressure from the builder or agent. You will get good returns on investment in property only when you buy it at a low price and sell it at a high price. If your aim is to earn profit,
