Will The Real Estate Sector Of Gurgaon Boom In The Next 5 Years?admin
Will The Real Estate Sector Of Gurgaon Boom In The Next 5 Years?
To answer this question, let’s have a look at the ground realities in the city that is one of the fastest growing ones in the country.
- Economic Growth: India’s economy is on a revival mode and Gurgaon is witnessing a lot of activity in terms of industrial investment. This will result in generation of employment and a subsequent demand for housing.
- RERA: The execution of Real Estate Regulation and Development Act is going to be a major game changer as it will gain trust of the buyers, will ensure fly-by-night developers leave the market and only the genuine builders operate in the market. This will also ensure transparency and improved efficiencies leading to investors coming back in the market.
- Infrastructure Development: Private infrastructure in terms of school, hospitals, shopping malls, commercial centres combined with government aided civic amenities like better roads, metro, monorail and enhanced connectivity with Delhi only augurs well for the overall real estate investment climate of the city.
- Financial Factors: Not only the prices have come down in last two years, but they have also stabilised. Add that to the lowering of interest rates and it’s a potent combination for buyers and investors to throng to the market!
So the answer to the question is a definitive YES! Gurgaon is on the cusp of becoming the growth engine of the real estate sector of the country and it’s the right time to be part of its growth story!