Gurgaon, a city which barely existed two decades ago, now has 26 shopping malls and where apartment towers are sprouting like concrete futuristic commercial hubs, these are few reasons why luxury apartment in Gurgaon are in huge demand.
Gurgaon is an important realty market of the country, and especially in the National Capital Region (NCR). City having shiny buildings, it is often portrayed as a symbol of a rising new India. The city’s economic growth is often considered to be the product of private sector, improvising to overcome the inadequacies of the Government where infrastructure is concerned.
Gurgaon, literally meaning “the village of gurus” has a culture backdrop too which gives another reason to live in. The luxury apartments in Gurgaon have seen a rise in maintenance charges. Luxury apartments have included amenities used globally to please each and every resident.
The major factor for this city to be in so much demand, has been because of the presence of multiple multinational corporations.
Collector (circle) rates have been decided to get reduced by 15%. The lowering of circle rates will bring down the cost of buying property in Gurgaon, making flats for sale in Gurgaon to increase rapidly. Another important factor for the city’s rise is the Smart Cities project, for which Gurgaon is a strong contender.