Gurgaon, a city with little history but marvelous growth in present market condition is expected to come in competition with countries like Dubai in future. Within a few years it has become an economic centre of the nation. With more than 250 organizations, around 500 BOP’S / KPO’S and over 2 lakh executives working in the city, plots in Gurgaon are becoming a high priority among those who want to purchase a residential apartment. Demand of commercial spaces is directly proportional to the investment of residential apartments.
Emerging of various start-ups is also one of the reasons of increase in demand of purchase of plots in Gurgaon. Another factor to be taken into account is the introduction of Real Estate Infrastructure Fund (RFIF). The proposed move will eventually help in unlocking funds from completed projects in real estate. Funds will be raised through the sale of units.
City which was initially known for luxury and premium properties has also included affordable housing into account. The present market scenario in real estate in link with affordable housing in Gurgaon is such that demand for affordable residential apartments is more while the supply is far less. This is also another key factor why real estate developers are focusing more on affordable plots. The interest shown by various people in this segment is likely to facilitate timely delivery of projects.7th pay commission approval by the cabinet is another key factor which will help real estate sector in seeing a boost.