Gurgaon residential real estate round up
Gurgaon the luxury real estate market of the National Capital Region, has seen many a developments in the recent past. The market has been thriving when it comes to capital values of properties in the region. The luxury segment has literally taken over the market in more ways than one. According to Jones Lang LaSalle, India (JLL) capital values of properties for sale in Gurgaon has gone up by almost 35 to 40% in the recent past. There is demand for housing in the year, as the developers tend of delay the execution of projects in the region. In any case the demand definitely takes over supply in this part of NCR. Not only capital values but rentals have also witnessed a huge price hike in the region. There are two main reasons why this has happened. Delay is projects and the divide between demand and supply has been one of the key reasons for the price hike. There is a lot of demand and not enough supply hence the buyers are willing to pay any price demanded at the particular point of time. Another reason for this price hike is the lateral hiring by corporates. Jobs have increased in the city, but the housing has not multiplied with the increase in the number of jobs. Today home owners demand such a high price for rentals and capital values of http://www.indiaproperty.com/gurgaon-apartments-flats-sale apartments in Gurgaon, that the residents are more than willing to pay the price for the excellent connectivity and social infrastructure.
Santhosh Kumar CEO - Operations, Jones Lang LaSalle India said to Money Control India, that, "Residential property prices on the upcoming southern peripheral road connecting to National Highway 8 have seen considerable appreciation over the past few months. This location holds great investment potential thanks to enhanced connectivity that NH8 provides to Manesar and Dwarka. In particular, residential properties along the Dwarka Expressway have attracted interest from the mid-income buyer group. As prices soar in upcoming locations of Gurgaon such as Golf Course Extension, Sectors 70 and Sector 78, buyers have been looking at these alternate locations."
Most residential real estate properties for sale in Gurgaon pretty much offer the same rate of return. But considering the inflation in the prices, things can take a whole different turn when it comes to sales. An explosion of supply of residential real estate projects also might not help as the home loan interest rates are very high lately. The purchasing power may be good of an average resident of Gurgaon, but to deal with the level of inflation which can sometimes go upto 70% is a tough one. How the market responds to new projects for sale in Gurgaon is what we will see in the year 2015.
Property for sale in Gurgaon remain one of the most important prospects for investors. With the thriving office space market investment in both commercial and residential real estate is a profitable option. If you are looking to invest in apartments in Gurgaon, this might just be the right now. 2015 is the year of stability and reduced inflation in the market.