Indian Real Estate Market

Residential real estate in Gurgaon has seen a price appreciation of over 25%, the fastest surge in the Indian Real Estate Market, in the last one year. Gurgaon is registering the fastest growth in the real estate sector in the country. Developers are flocking to the region to launch new projects after prices here shot up by as much as 25% in the last one year. Recently, well-established realty players like Godrej Developer, Tata Realty from Mumbai and Sobha Developers from Bangalore launched their projects in Gurgaon. This has further infused the competition in the sector in the region. A large number of white-collar jobs have been created in Gurgaon after it emerged as a hub for IT and IT-enabled services in northern India. Also, owing to its proximity to the national capital Delhi, several Fortune 500 firms opened their offices here, employing hundreds of high-income professionals. And with Delhi already overcrowded, these people tend to buy houses in Gurgaon itself. But, th

A report says that the NCR will have a total demand of nearly 10.2 lakh residential units, 249 lakh sq ft of office space and 66.6 lakh sq ft of retail space by 2013. With rising demand in residential, office, retail, and hospitality sectors, Gurgaon tops the demand charts. Forthcoming world-class projects, proximity and good connectivity to Delhi are a few factors driving these figures. Due to a lack of infrastructure and the surge in prices of available land in other parts of the NCR, Gurgaon and Noida are at the fore in catering to the demand for affordable and  luxury housing . In fact, for the sheer volume of residential units launched in these places, the NCR has a higher number of units compared to the other five metropolitan cities like Mumbai, Chennai, Bangalore, Kolkata and Hyderabad put together. According to a report released by Knight Frank India, nearly 86,000 residential units entered the market in financial year 2011-12. The developers and promoters were able to g

Dwarka-Gurgaon Expressway, also known as the Northern Peripheral Expressway, will be a significant area for investment, as the real estate sector has vast potential for a robust growth in the coming years. Top realty players like Chintels India Ltd, Sobha Developers, BPTP, Puri Construction, ATS, Antriksh, Rahejas, MGF EMAAR, Bestech, Uppal Housing, Indiabulls, Brisk, Mahindra Earth Infrastructure, etc, have launched their projects here. Also, with the rise in demand, the  prices in Dwarka-Gurgaon Expressway  have almost tripled – from Rs 2,250 per sq ft to Rs 6,250 per sq ft. Dwarka-Gurgaon Expressway  The 150-metre-wide and 18km-long  Dwarka-Gurgaon Expressway  is likely to be completed in the next two-three years. India Bulls bagged the contract for Rs 43.32 crore. The expressway will provide faster access to the airport and connect to the 100-metre-wide road proposed in the new master plan. The proposed expressway will touch Delhi near Dwarka Phase II, where a new diplomatic enc