Touted as the millennium city of India, Gurgaon is the hub of commercial & economic activities in Delhi-NCR. Most of the major Fortune-500 companies have their ground presence in Delhi-NCR. State of the art infrastructure, high retail destination & proximity to the International Airport in conjunction with robust employment market has been fueling the residential market of Gurgaon in the recent times.
However, after skyrocketing of real estate prices in the recent times, sentiments hit a stand-still in the recent times. The slowdown of sentiments could be ascribed to unprecedented rises in property prices, thereby making most of the dwelling units falling off the limit of an average investor, thereby resulting in a slowdown in the rate of appreciation. The slowdown in Gurgaon’s real estate market could also be attributed to the fact that some of the high-profile real estate projects such as Dwarka Expressway got delayed for prolonged period, that further tapered the investor sentiments.
A spiraling ticket size that generally consists of a price range of (~75 lacs & above for a 3 BHK), made many of the leading developers such as Godrej, TATA Housing to consider other major micro-market in the region- Noida. Although Noida & Gurgaon have never been a competition to each other in a strict sense.
