Gurgaon Property Review

Lying in close proximity to the national capital ofconurbation. Hence, the demand for residential as well
India, Gurgaon is emerging as a great corporate hubas commercial property is on the increase in Gurgaon.
of international dimensions. Most of the multinationalAmidst the contributory factors, infrastructure
corporations prefer opening their Delhi offices insophistication, particularly higher transportation
Gurgaon due to a plethora of contributory factors. Infacilities in the region, has facilitated easy access to
consequence, the property rates in Gurgaon areGurgaon from the national capital and also from
sky-rocketing. This trend started some years agocentres in the neighboring states. The constructions
and of late it has assumed an inexorable andof the Jaipur-Delhi national highway, the Delhi-Gurgaon
irretrievable proportion. Gurgoan which was an8-line expressway and the Delhi-Gurgaon metro rail
unsophisticated ubiquitous sort of Indian village a feware remarkable milestones in the evolution of
decennia ago has, in tune with the natural fall out ofGurgaon into an urban centre of paramount
this development, evolved itself into an urban centre,commercial significance.
preening in the resultant splendour.In spite of the mushrooming rate at which real
The companies opening units/offices in Gurgaonestate dealing individuals and entities emerge, the
belong to the wide spectrum of industries. However,property market in Gurgaon is by and large
amongst the companies that open their offices in thedominated and controlled by a few. In the wake of
city, those in the IT and BPO sectors form thethe boom in the real estate market in Gurgaon, it
majority. As an inevitable corollary and consequence,becomes more and more difficult for an ordinary
there is growing urbanization and the urban centre ofprospective buyer to find a property affordable
Gurgaon is expanding into an ever-wideningwithin his means.