Fuelled by a number of Fortune 500 companies and rapidly developing startups, Gurgaon realty is a matter of pride for the entire property market of the country. Despite the slump in the realty in 2014-15, investors interests in this market did not go down too low. Price appreciations and market growth can always be seen in the market. However, one thing that confuses the investors is between residential and Commercial Projects in Gurgaon.
Residential and commercial both segments play their part is glamorizing the skyline of Gurgaon. Let us take a closer look at both these property segments.
Residential Realty
A recent study suggests that over the last one year, Housing Projects in Gurgaon have witnessed a price rise of more than 30%. Even after the slowdown of last year, such rate escalation is commendable. But there is also a flipside to this- Gurgaon has also presented the highest stock of unsold inventory in the whole of NCR. This is the reason why developers have now slowed down in launching newer properties. Supply for good quality homes in the popular localities is now slower. The increase in demand is not because of the availability of quality homes but it has been triggered by an increased purchasing power of the consumers. Sohna Road, New Gurgaon, Dwarka Expressway and Sector 70-79 are the most popular locales for residential investment.
Commercial Realty
The city started out as a commercial hub of NCR and it still has a prosperous commercial market. Since an investment in the commercial segment earns a higher rental value and its price appreciation is also very impressive, professional investors look forward to parking their money in here. The lucrative plans offered along with the Commercial Projects in Gurgaon such as the assured returns scheme, lease guarantee etc., are also assisting a lot in making realty a success in Gurgaon. Over the last one year, the price in commercial sector showed an escalation of a whopping 30 percent which is close to unimaginable. And the annual rate of price appreciation is predicted to be 18-19 percent. Hence, the commercial sector is prospering and in the coming time the situations are going to change only for the better.
Though the residential segment may see several ups and downs in their demand and supply trends, the graph of luxury Housing Projects in Gurgaon hardly see any drastic difference. The high price and chic amenities happen to be the reasons for it. But the affordable segment of residential properties and the office spaces are showing a good health.
Source by Gaurav Singh