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India has certainly emerged as a major economic powerhouse with a high proliferation of IT companies and cross border investments fuelling the country’s growth rate. This is encouraging a number of prospective foreign and NRI investors look forward to properties in prime cities like Bangalore, Pune, Chennai, Noida and Gurgaon which are the most preferred investment destinations in India.

Compared to other cities in India, Gurgaon has grown even more rapidly. Going on tandem with the soaring property rates, investment in commercial property in Gurgaon has become the best money spinning option.

Touted as a cyber city of Haryana and a hub of BPO firms, Gurgaon offers world class infrastructure and a conducive business environment. It stands as a productive prospect for those who want to earn high returns on property investments fast and conveniently. Recognizing the upward trends and an exclusive lifestyle the city offers, more and more individuals are being bullish on buying residential property in Gurgaon.

Seeing the ongoing real estate trends, a number of property developers have lined up to bring frenetic developments in the booming Gurgaon. Prominent names in Indian real estate such as DLF, Omaxe, and Unitech have already exemplified their potential by transforming Gurgaon from a sleepy town on the suburbs of Delhi into a cyber city of Haryana. This provides property buyers’, both the domestic and overseas the best time to invest in Gurgaon properties.

Enjoying the status of being a private enterprise developed city, Gurgaon has always been hitting the top position in real estate value chart. Talk about any of the real estate segments including commercial, residential or retail here, it promises high returns that any real estate enthusiast expects of.

Properties in peripheral locations in Gurgaon like DLF Phase-1, Sushant Lok, Sector 1, 2, 3, 4, and 5 are seeing fair appreciation in values. Apart from commercial and residential segments, retail sector in Gurgaon is also making raid strides in the wake of already established and upcoming glitzy shopping malls.

Another round of increase in Gurgaon property prices cannot be overlooked seeing the development of Special Economic Zones (SEZs) and a large influx of investments from world class industries and IT giants in near future. This clearly states the reason why Gurgaon, the satellite town of Haryana, is sought as the most lucrative property investment destination.

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High valuations of prime land and a robust outlook for housing and office space is spawning new wannabes in the country’s burgeoning realty sector. The latest to enter the fray is the Hero Group, a leading maker of two-wheelers and auto parts in the country.

“We have about 10 acre land at Gurgaon, Haryana, and we are exploring possibilities of developing it into a commercial property,” Naveen Munjal, chief executive officer of Hero Exports, the trading arm of the group.
The group is in talks with leading real estate companies in Delhi to develop the property, Munjal said. Details of Hero Group’s realty plan are yet to be worked out, he said.

Over the last one decade, domestic and foreign companies have flocked to Gurgaon to set up their offices – driving real estate valuations in the satellite city of the National Capital as high as its landscape.

Source: business-standard