The ROI For Past 5 Years In Real Estate Market In Gurgaonadmin
The ROI For Past 5 Years In Real Estate Market In Gurgaon
Real estate market is cyclical in nature and one needs to invest and then sit tight for a long period of time to enjoy healthy returns. NCR and specifically Gurgaon realty market has been through some churning in past few years and even though prices have dropped and sales have plummeted, there has been a silver lining to all the chaos.
For real estate investors, apart from price appreciation, rental income matters a lot. In the last 5 years, there was a phase when rental demand was low, but it’s thriving now. Given the fact the new launches trickled to just a few in last one year, the demand for housing increased due to revival in economy. Also, the demand for office space in Gurgaon is growing massively resulting in increased employment opportunities. Commercial sales are rising and they are having a cascading effect on the residential sector as well.
Since the last 5 years saw property prices declining and launch of new affordable units, a lot of investors are putting their money in the market for future growth and healthy returns. Prices and sales are moving northwards again and that is a reason for most buyers to invest in Gurgaon realty again. A lot of areas like Golf Course Road, Dwarka Expressway, NH-8 are turning out to be real attraction for investment with adequate infrastructure development in terms of both commercial and residential requirements.
Investment in real estate sector is based on past trends, but mostly relies on the future potential and Gurgaon as a market is now on full swing to hand-out excellent returns, both in terms of price appreciation and double-digit growth in rentals.