Gurgaon was once known as an inactive suburb of Delhi. But in the last couple of decades, the city has grown tremendously. This has also had a huge impact on the real estate market of Gurgaon making it a sought-after destination for realtors as well as home-buyers. Let us have a look at the recent developments in Gurgaon's Real Estate Market. Strategic Location
New Gurgaon is located strategically and thus enjoys many real estate benefits. With its smooth connectivity, amazing job prospects, and a comfortable lifestyle, the real estate market of Gurgaon has seen a major rise in recent times. The National Highway-48, Dwarka Expressway, and proximity to the airport and major cities like Delhi, Ghaziabad, and Noida further enhances the real estate growth of the city. Social Infrastructure Other than its location, Gurgaon’s real estate market benefits a lot owing to its top-notch social infrastructural facilities that make everyday life a lot more convenient and comfortable. The city has a number of quality educational institutions, hospitals, hotels, shopping avenues, and entertainment zones. This attracts a large portion of young employees and students to the city which ultimately impacts the real estate market. Government Policy Reforms A bunch of acts and policy reforms have been empowered in the last year that has helped the customers regain confidence in the realty industry. In recent years, Gurgaon witnessed several new real estate projects. Still, there are quite a few upcoming commercial projects in Gurgaon lined up that is bound to increase the demand for real estate in Gurgaon in the coming years. We hope that this information will help you get a better idea of the real estate market in Gurgaon and the factors that have led to its growth.
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