Gurgaon Property

gurgaon-propertyTill the 1990’s Gurgaon was an almost unknown farming village of Haryana. Then the automobile giant Maruti set up its factory in the small village and the place literally never looked back. Maruti was not the only factor that attributed to the growth of Gurgaon but an ever increasing population of Delhi, of which a big portion of people were immigrants of Bihar, Orissa and Rajasthan, made it a necessity to form a satellite town to Delhi which could contain the load of population of Delhi. Gurgaon, which is located on the south of Delhi, emerged as the most viable choice due to its proximity to the city and large stretches of agricultural land. With time and major infrastructural developments such as the Delhi-Gurgaon Expressway and the Delhi Airport and also with the help of government tax reforms, Gurgaon today is one of the most prominent real estate investment hubs in India.Builders in GurgaonWhen Gurgaon started to thrive, farmers in Gurgaon who sold their lands turned into overnight millionaires. And the builders turned into billionaires. Many might say that these facts were true in the initial years which were more than a decade ago. But even in recent times the trend has shown a steadiness and builders in Gurgaon such as Unitech, DLF, GPL Group, Godrej Properties, Earth Infrastructure etc are making it big time. The status and yearly profits of these companies are clear indicators that the Gurgaon realty market is nowhere near a downfall.Projects in GurgaonGurgaon became an outsourcing hub and most preferred by telecom companies. Many prominent companies like Nokia, Airtel, Ericsson, Deloitte, Ernst and Young set up offices in Gurgaon. Apart from these due its connectivity with Delhi and the Delhi airport many real estate big shots like Tata Housing, DLF Universal, Sidhartha Group and others also set up world class offices here. There are also various big malls adding up to 43 malls which make Gurgaon rank third in the list of cities with largest number of malls in the country. What has followed is that Gurgaon has emerged as a real estate hub that has premium projects by all big and small builders. Here is a list of projects in Gurgaon.Properties in GurgaonProperties in Gurgaon are most in demand in areas like the Golf Course Road, The Golf Course Extension Road, Sohna Road, NH 8, MG Road and the Gurgaon Faridabad Road. These areas have some of the poshest real estate pieces in India. The Golf Course Road attracts people due to its greenery and easy connectivity to Delhi through MG Road. It is more known for the luxury apartments than average apartments. People looking for ready to move in apartments prefer Sohna Road.Property Rates in GurgaonProperty rates in Gurgaon depend on the area’s proximity to Delhi or means that connect Gurgaon to Delhi like the NH 8 and MG Road. Proximity to commercial developments and offices are also important factors that determine property rates in Gurgaon. At Golf Course Road property values vary between Rs 11,000-18,000 per sq ft while at Sohna Road property prices are between Rs 7,000 and Rs 9,000 per sq ft.Property Tax in GurgaonAll over the world property tax is one of the chief contributors to a government’s revenue. Property tax in Gurgaon is collected by the Municipality Corporation of Gurgaon. In July 2013 the MCG has collected Rs 87 crore as property tax in one month.Investment TipsGurgaon is one of the most lucrative investment markets in the country. The chief growth stimulant for Gurgaon had been the growing job opportunities in the area. It is not only favored by investors but also end users as well. The development of the Rapid Metro Service and the merging of Gurgaon with nearby Manesar in the new Master Plan 2031 have also spurred investment in Gurgaon. Moreover in Gurgaon property is freehold, that is, it can be bought and sold by the owner at will. But before you invest in Gurgaon it is better to consult some investment tips so as not to make a rash investment decision.Upcoming AreasGurgaon had been a city in demand for quite some time. It has developed rapidly and as it has shown signs of reaping gold, people have moved into the city in ever increasing numbers. As a result just like Delhi, Gurgaon is now expanding. Some of the upcoming areas around Gurgaon that are also good for investment are Manesar,the Northern Peripheral Road, the Sothern Peripheral Road etc.займ на карту без отказов круглосуточновзять кредит онлайн

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