In recent years, in particular, Gurgaon has always remained the most desirable property investment destination in Delhi-NCR. Gurugram has been seen to account for the bulk of the real estate investment in India. There are several explanations for this flood of investment. One of them is that Gurugram provides both commercial and residential properties with one of the best real estate markets. It has been shown to be profitable to invest in both of these real estate categories. We can therefore say that the land for commercial as well as residential property is Gurugram.
We understands the way the residential sector is seeing a major increase in investment. As a result, the Gurgaon residential real estate segment has prospered at a very high pace in recent years. Other builders and construction companies have also been inspired to develop new projects in Gurgaon by the success of these initial residential projects in Gurgaon. This makes the business a competitive growth chain. Because of the affordable housing programmed, the houses are held at affordable rates and so there are enough buyers willing to invest in the residential portion.
Gurugram is also recognised as the city of the millennium and also as a start-up city. This alone shows a particularity in the commercial real estate industry. There is a steady growth in the number of commercial spaces, such as shopping malls, food courts, high-rise office towers, multiplexes, etc. In Gurgaon, people find the potential for excellent property appreciation in the future, especially in the commercial sector.
Gurugram is home to about 1,500 start-ups and has also been recognised as India's fourth largest start-up centre. Since the city hosts quite a large number of start-ups, it is found by many companies looking for co-working spaces as an incredible destination for the new office space in the Millennium City.
Growth has also contributed to the start-up culture. Gurgaon has been given a reasonable opportunity to flourish as the land of commercial real estate by recent innovations such as the Digital India framework that have enabled the establishment of new businesses and start-ups. The availability of the desired area, services and connectivity ensured the creation of the right and the paramount infrastructure in order to support the growth of companies such as start-ups, thus giving the commercial sector a reasonable growth boost.
Another big factor driving investment in Gurgaon in both the residential and commercial sectors has been rental revenue. Investing in Gurgaon for long-term rental income is one of the best financial choices for people belonging to the middle income community who already own a house of their own.
It should also be noted that the strong economic growth reported in India in the previous year has resulted in an increased influx of foreign investment in the construction sector. The government now allows 100 % foreign direct investment in this sector, which has resulted in the construction of extensive infrastructure. In this aspect, the targeted and central locations include Gurgaon. Therefore, in both the commercial and residential sectors, Gurgaon eventually and unambiguously becomes the land of one of the intensive real estate markets.
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Promoted By- REIAS INDIA - HARERA-424 Of 2017
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