A look At the Upcoming Real Estate Contenders in Gurgaon

Gurgaon is one of the areas in the Delhi National Capital Region which is continuously expanding its borders to accommodate the ever increasing appetite for housing of the growing population here. This city is located in the state of Haryana and is considered to be a major industrial centre of the region.

This city lies close to Delhi and is considered to be a viable option to the Delhi micro market which is very expensive and has hardly any parcels of land available. Though the area is popular among property seekers, it is considered to be one of those markets which is severely grappling with problems such as lack of infrastructure and power shortage. Some parts are connected to Delhi through the Delhi Metro and the Rapid Metro. There are a total of 11 metro stations here. National Highway 8 passes through this micro market as well.

Here is a quick look at the buyer preferences for this micro market. According to data from IndiaProperty.com 2 BHKapartments in Gurgaon are the most preferred apartment configuration among buyers there. 3 BHKs and 1 BHKs come in second and third in the preference chart. When it comes to unit size, flats which are sized between 751 and 1000 square feet are topping the preference charts here. This is followed by the 1001 and 1250 square feet range and the 1251 and 1500 square feet range in second and third places respectively.

Buyers are willing to spend anywhere between INR 1 and 2 crores on properties here. This is followed by the INR 20 to 30 lakhs range and the INR 30 to 40 lakhs range. Per sqft buyers here are willing to spend an amount which is equal to or greater than INR 2000. This is followed by the greater than INR 10000 square feet range and the INR 4501 to 5000 sqft range.

Purchasing a property in Gurgaon in one of the upcoming areas makes much more sense as the rates here are much more affordable. Here are some areas which are emerging as top choices for home buyers.

The Dwarka Expressway is one a micro market which is on the up and up. The price for a property in Gurgaon which is located here are expected to skyrocket once the connectivity projects here are completed. 2 BHK apartments which are located in this micro market are popular among buyers. This is followed by 3 and 4 BHKs.

Unit size wise flats which fall which are sized between 751 and 1000 sqft. This is followed by the 1001 and 1250 sqft range and the 1501 and 1750 sqft range. Buyers here prefer to spend an amount which is equal to or greater than INR 2000 per square feet.

Sohna Road otherwise known as Greater Gurgaon is also on the rise real estate wise. Large scale acquisition of land is happening here. The area is being looked at for both commercial and residential real estate needs.

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