Gurgaon has changed many things and now it comes under the names of developed cities. It is easy to find the leading companies like Google, Infosys etc. in this region. The other credit could be given to its near city Delhi. This attracts many high-class people to look for living space.
Ultimately, this gives rise to the development of the luxury project in Gurgaon. Well, the story doesn’t end here. There are many other reasons behind it. Want to unlock? Continue with your reading.
Gurgaon is a hub of luxury projects:
No doubt, Gurgaon is having good infrastructure. The roads, sewage system and design curve out the city in a good manner. This attracts many high-class deserving people to get settled out. This is the other reason why luxury projects are raising high in demand.
There are wide roads, overpasses, underpasses and better controlling of the traffic. It is easy to find public transport in the city. Gurgaon is also known as a cosmopolitan city.
The crowd of this city is highly energetic due to youth working IT sectors. There are luxury hotels and restaurants in the city. All this draws the interest of developers and builders to set up that living space which is luxury. The overall scenario of the region is classy and trendy.
The social scene is the other major factor for the hike in the luxury project in Gurgaon. Well to do people always look for this kind of space.
New business capital:
Other cities like Bangalore and Mumbai are good but they lack adequate space for start-ups. This leads to attracting many business freaks to look for Gurgaon. The other reason for Gurgaon development is its close proximity to the capital city Delhi. This accelerates the growth of luxury living space in Gurgaon.
Good return of investment:
Yes, Gurgaon is providing a good return on investment to the builders. This is because it is a hub of companies and enough buyers are available.
Builders get good income through these projects. This compels many reputed builders to build out luxury living space for the people.
Popular luxury projects in Gurgaon:
· DLF – The Crest Phase 5
· Grand Hyatt Residence Sector 58
· Trump Towers Sector 65
· Sobha International city
The average cost of luxury projects in Gurgaon:
As far as the cost of the projects is considered, the price always depends on the location. The price ranges from Rs.7,500 per sq. in the prime location.
Challenges in Gurgaon:
No doubt, Gurgaon is good in the overall scenario but as compared to other cities like Ahmedabad, it has an average inventory. Even in the coming future, the situation is unlikely to change. This is the major issue of the oversupply of residential properties.
The luxury project inGurgaon is the best option for those who love to live a high lifestyle. So are you planning to buy luxury space in this city? You will regret it at any cost. One could find enough advantage in choosing the project in this city.