In the last few years the demand of property in Gurgaon has gone up as a large number of companies have opened their offices in the city. Real estate websites indicate that the prices of flats in Gurgaon have gone up steadily in the past few years. Mostly people prefer to buy ready to move flats in Gurgaon so that they can escape from paying the housing rent. Let us take a look at some of the reasons why the prices of property in Gurgaon are increasing dramatically:
Employment and Education opportunities: Gurgaon is an opportunity hub several start ups as well as MNCs have opened up their offices in the city. Many people from across the country come here in search of good employment opportunities. Currently, Gurgaon houses local offices about 250 Fortune 500 companies. Due to huge demand the prices of flats in Gurgaon have gone up even the housing rent rates have gone up of areas near commercial centers. Since the city is home to good schools and colleges many people look to settle here. Several people who are looking to settle here are also investing in under-construction or ready to move flats in Gurgaon. It is unlikely that the demand for property in Gurgaon is going to come down in the near future.
Extended families: There are families who are selling their family home so that all the children get equal property share. Several people are investing in under-construction or ready to move flats in Gurgaon after selling their property share. Gurgaon is preferred option for most people as investors are able to earn high housing rent. Real estate websites also highlight that the housing rent rates and the prices of property in Gurgaon have been increasing continuously in the past few years.
Investment: Real estate websites show that how prices of flats in Gurgaon have increased astronomically. These trends have attracted the attention of several real estate investors who are looking to invest in the city. The investors had seen that the property prices went up after the operations of Delhi metro began. And now the city’s connectivity is all set to improve further as rapid metro phase 2 is almost completed and it is expected that as the operations of Rapid metro would begin the prices of ready to move flats in Gurgaon in the affected area will see huge price appreciation in just a few months time.