Monday, November 11, 2013

BEST TIME FOR INVESTMENT IN GURGAON

If fat any time, you have wanted to invest in real estate in Gurgaon, the time is now. This is the correct time for investing in properties in this location. These might appear to you to be mere opinions of an airy mind, but that is not the case. There are enough grounds for this opinion. Recent developments in the real estate market in Gurgaon have been positive and have shown a bent towards development. With the renewed interest of MNCs in this area, big names in the real estate market in the country have started taking up projects in this hitherto tier- 2 city.
The reason for this resurgence in real estate market in Gurgaon is not very difficult to locate. There were times when like the other parts of the country, Gurgaon too was affected by recessionary winds. The NCR market was in a deep slump during this period, which in turn brought down many a well known name in real estate. Adding to this was the financial meltdown which further strengthened the gloom. But, suddenly, MNCs started showing interest in this region. Also, NRIs residing in foreign countries also started enquiring about prices in the real estate market in this region.
These people saw an immense potential in the Gurgaon Real Estate Market. This is amply backed up by market figures. In the quarter gone by, real estate prices in cities like NCR, Delhi grew at an average of 2-3% while those in Chennai, Kolkatta and Mumbai experienced growth @ 1.5-3.5%. But in Gurgaon, the growth witnessed  was close to 6%, which is much better than the overall national figure. Thus, it can be said that this is the best time to invest in the Real Estate Market in Gurgaon.






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