April 2016 \ Business & Investment \ Real Estate
Gurgaon Becomes Affordabel To All!

  • Mr Pradeep Aggarwal Co-founder & Chairman, Signature Global Group

Gurgaon is one of the most successful markets in the Indian real estate sector. It is the proper utilization of available resources that made this city grow exponentially and reach a level that is a dream for many. The planning and implementation in Gurgaon is state of the art as the plans made have been laid down perfectly to create a plush foundation for the subsequent development. Gurgaon’s proximity to South Delhi, one of the posh locations in India, also added to its advantage. The presence of an international airport in its vicinity proved to be an icing on the cake for Gurgaon real estate market. This is one of the major reasons which inspired world-class multinationals to operate from Gurgaon.

The rise of Gurgaon has been directly proportional to the country’s economic development. As more and more companies started expanding their operations, they wanted to operate from closer to the National Capital. Delhi, having its CBD already congested, could not accommodate them. Delhi’s loss was thus, Gurgaon’s gain!

Today, Gurgaon has every facility a world class city would require. Right from expressways to rapid Metro, from multinational organizations to international schools, from finely crafted skyscrapers to the lush green Aravalis full of natural beauty, Gurgaon has it all. All these features have tagged Gurgaon as one of the most luxurious realty markets in India. Every multinational that plans an entry to Indian market, plans to have an office in Gurgaon. The growing business of e-commerce is also adding to this city’s glory. Be it a start-up food chain or an online grocery chain, it is mandatory for them to mark their presence in this city.

Interestingly on a flip-side, Gurgaon has a robust affordable realty market as well! Thanks to Haryana Government’s Affordable Housing Policy 2013 which helped developers plan affordable projects in a price range of Rs 15 lac to Rs 25 lac for 1BHK and 2 BHK units. The Policy lays down a set of guidelines to promote affordable housing. Affordable projects sell like a hot cake; though margins are not too high, there is no problem of unsold inventories. Developers, who own land parcels, show their intent under this policy. This Housing Policy has made the city complete; it now has something to offer to every section of the society, be it the affluent class or the aspiring young professionals who are aiming big in their life. The Haryana Government’s Affordable Housing Policy has complemented the real estate market of Gurgaon. The policy made it possible for middle and lower-middle class to own their abode in cities like Gurgaon which are recognized on international front.

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