Gurgaon - The Millennium City, Best Destination for Investment With Promising Return On Investment

The real estate boom in Gurgaon in the recent years has made the millennium city, the most preferred destination for investment in terms of real estate. Past few years have shown considerable increase in the Gurgaon real estate development as a result, the millennium city has topped the list of best places to invest in the real estate of India. 

Gurgaon, known as the International city of India is already on the way to provide an infrastructure that is in line with its image of a millennium city and thus the city looks promising when it comes to real estate development and investment. The city is lined up modern and new generation sky scrapers. Gurgaon has been bestowed with the best names in construction business.

DLF, Unitech, Ansal, JMD, have dotted the landscape of Gurgaon with state of the art Residential and Commercial projects. DLF Phase I area has developed as a major corporate hub and one can see the mushroom growth of international style commercial buildings in this area. Property rates in Gurgaon have soared by 40% in last 5-6 years.

Similarly the city has some of the best residential complexes with 24×7 security, water supply, power back up, and other facilities like gym, pool, convenience store, park, and the like. These residential complexes are quite preferred by IT and MNC professionals who are looking for a better, safer, and comfortable lifestyle.

Many people are also buying houses in Gurgaon just for the sake of investment. The public opinion says that it is a good time to buy to invest in Gurgaon real estate because of the following reasons:

1. The residential societies that are coming up in Gurgaon are in par with homes available in developed nations. The modern accommodation facilities attract a number of buyers. People are getting huge choice in terms of villa, penthouse, low rise, high rise, and all this within the boundary of a secured society.

2. Gurgaon is now connected by metro to the whole NCR. This is one factor that has resulted in soaring prices of property in Gurgaon. Earlier the city had poor connectivity to the adjoining areas like Delhi, Faridabad, and NOIDA. But after the advent of metro the city has got an efficient transport system. According to the 2021 master plan developed by HUDA, metro is going further to Sohna Road which will further increase the property price in the city.

3. Gurgaon is the corporate hub. The place has a number of IT and MNC professionals with high paying capacity. Due to good paying capacity Gurgaon residential and commercial properties fetch high rent. This makes investment in Gurgaon a lucrative option as the return over investment is quite high.

So the answer to the question that “is it a good time to invest in Gurgaon” is yes, it is the best time to invest in the Millennium City Gurgaon. Since the property rates are ever rising it makes sense to buy now and then sell in near future to fetch good returns. For people who want to buy property for living can invest in new launches and wait for another 2-3 years before they get the possession. But one should not wait anymore to buy property in Gurgaon as the prices are going to increase further.

Source - TOI

Alok Upadhayay

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