“According to a recent report by Financial Express, Gurugram shares 13 total property sales in the nine major cities in the fourth quarter of fiscal 2017.”
Gurugram is better known as the millennium city of India. It is a city located in the state of Haryana and also belongs to the National Capital Region. It is not wrong to say that Gurugram is one of the fastest growing cities in the nation today, which is why it has become the center of industries and information technology today. Gurugram not only has the highest literacy rate but also stands as the city with the highest literacy rate in Haryana at 84.7 percent. The per capita income is also the third highest in India due to its ever-growing industrial nature and rising employment.
Gurugram, hitherto known as Gurgaon, has developed to become one of the leading cities in the nation in terms of infrastructure growth and establishing connectivity with other cities. It has its own self-funded metro and developed metro connectivity with neighboring cities like Delhi. This not only facilitates a more fluid movement of people, but also attracts more and more labor to the city. As a result of its infrastructure and availability of space for both commercial and residential sectors, many real estate agents have shown great interest in the city’s rapid real estate development.
The major highways in Gurugram along with the Rapid Metro, which is likely to be extended to the Golf Course Extension Road in the near future, are the main motivations for people to settle in the city. Proximity to high-class retail stores along with easy access to necessities such as schools, hospitals, malls, malls, police stations, etc., is fully met by Gurugram at all of its locations. These amenities do not meet people’s daily requirements, but also meet their luxury needs at the same time.
The government policies for the real estate sector in Gurugram have a great impact on the real estate sector of the state. The reduction of circular rates has been revealed as the main motivator for both people and builders to come to the city and collaborate with new and innovative projects. Considering other taxes, there are bonuses for defense personnel, former soldiers, war widows, widows of freedom fighters, etc. Apart from that, the RERA Act and GST have further boosted the city’s real estate sector, thus encouraging more and more people to look towards the city’s development projects.
The properties in Gurugram are being built with a focus on the housing requirements of both affordable housing and luxury housing. With the increase in the number of jobs in the city, it was best to come up with suitable projects near the work areas that would not only save people a lot of time, but also give them the security of having their own house in a city. NCR. DLF builders own a large tract of land in Gurugram, and this is considered to be one of the main reasons behind the growth of the city. It is not difficult to find big shopping malls, many big five star hotels, golf courses and major fashion brand outlets and MGF Megacity Mall, Metropolitan Mall, Plaza Mall, Ambience Mall, DT Mall are the most popular malls from the city. In addition to bringing all kinds of joyful activities to the buyer’s doorstep, Gurugram has many projects to offer at attractive prices.