Lying in close proximity to the national capital of India, Gurgaon is emerging as a great corporate hub of international dimensions. Most of the multinational corporations prefer opening their Delhi offices in Gurgaon due to a plethora of contributory factors. In consequence, the property rates in Gurgaon are sky-rocketing. This trend started some years ago and of late it has assumed an inexorable and irretrievable proportion. Gurgoan which was an unsophisticated ubiquitous sort of Indian village a few decennia ago has, in tune with the natural fall out of this development, evolved itself into an urban centre, preening in the resultant splendour.
The companies opening units/offices in Gurgaon belong to the wide spectrum of industries. However, amongst the companies that open their offices in the city, those in the IT and BPO sectors form the majority. As an inevitable corollary and consequence, there is growing urbanization and the urban centre of Gurgaon is expanding into an ever-widening conurbation. Hence, the demand for residential as well as commercial property is on the increase in Gurgaon.
Amidst the contributory factors, infrastructure sophistication, particularly higher transportation facilities in the region, has facilitated easy access to Gurgaon from the national capital and also from centres in the neighboring states. The constructions of the Jaipur-Delhi national highway, the Delhi-Gurgaon 8-line expressway and the Delhi-Gurgaon metro rail are remarkable milestones in the evolution of Gurgaon into an urban centre of paramount commercial significance.
In spite of the mushrooming rate at which real estate dealing individuals and entities emerge, the property market in Gurgaon is by and large dominated and controlled by a few. In the wake of the boom in the real estate market in Gurgaon, it becomes more and more difficult for an ordinary prospective buyer to find a property affordable within his means.
No comments:
Post a Comment