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What is the upcoming global city in Gurgaon?

What is the upcoming global city in Gurgaon?

The project is envisioned as a city within a city and a new central business district for Gurugram.

The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has invited bids for the auction of three mixed-use plots in its Global City Project in Gurugram, which officials said has an investment potential of $15 billion.

The HSIIDC has also floated tenders for developing facilities such as civic amenities in Global City, which is to be spread over 1,000 acres with residential zones, industrial clusters and commercial sites.

Officials said construction work is likely to begin by August or after the monsoon retreats in September. The deadline for completion is 36 months from the start of construction.

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Is Gurgaon good for real estate?

Is Gurgaon good for real estate?

The demand for real estate has led to the city’s rapid development of townships. The prime areas are getting rapidly occupied, giving rise to the development of new residential areas. Home buyers considering where to invest in Gurgaon can think of buying homes in localities that are nearby schools, hospitals, malls, etc. They must also check whether civic amenities like water, road and safety, are in order or not. 

As it is a corporate hub, there has been an exponential increase in the demand for flats and houses in the city. Honeywell, CiscDoo Systems Pvt. Ltd., and SDG Software are some of the top MNCs that run their business operations from Gurgaon. Due to its proximity to Delhi, Noida, and nearby developing areas, Gurgaon is also an industrial hub. Therefore, real estate investment in Gurgaon is the best choice for home buyers who are looking for lucrative job opportunities. The infrastructural development and expansion of civic amenities in localities like Golf Course Road and Dwarka Expressway symbolize the rising demand for residential properties in this city.

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What is the future of new Gurgaon?

What is the future of new Gurgaon?

New Gurgaon has witnessed significant strides in infrastructural development in the past few years. Let us look at the key highlights of this area:

  • New Gurgaon is strategically located between Delhi, Gurgaon and Manesar.
  • The Dwarka Expressway connects to New Gurgaon. The expressway is expected to be operational by August 2022. Currently, it is under construction.
  • This new area of Gurgaon is linked to Dwarka-Gurgaon Expressway, National Highway 8 and Kundli-Manesar-Palwal (KMP) Expressway. These expressways significantly reduced the travel time between these cities. 
  • Once Dwarka- Gurgaon Expressway and Delhi-Mumbai Expressway are operational, the travel time will be reduced to 120 minutes from 6 hours between Gurgaon and Jaipur.
  • New Gurgaon is close to the proposed ISBT (Inter State Bus Terminal).
  • The Haryana government plans to set up a new railway station in Sector-101 along the Dwarka expressway. The railway station will be built on 25 acres of land. 
  • The area is well connected with Pataudi road, a booming Gurgaon sector.
  • In Gurgaon-Manesar Urban Complex 2025, it is proposed that New Gurgaon sectors will go up to Manesar.  
  • According to the development plan for the Gurgaon-Manesar Urban Complex-2025, specific sectors of New Gurgaon will eventually go to Manesar.
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Why are property prices going up in Gurgaon?

Why are property prices going up in Gurgaon?

The industry of real estate is among the most important sectors in the world. When the pace of immigration as well as other variables are taken into account, the causes for the property market surges can indeed be numerous. Individuals from India tend to migrate to urban centres, large cities, IT industries, and so on.

How could we overlook Gurgaon when discussing IT cities? This metropolis in the Delhi-NCR region accommodates immigrants & individuals with goals from all over the country. It is an economic and technological centre. This, in return, has a massive influence on the Gurgaon market for real estate. The issue is, why is Gurgaon at the top of the list of home prices?

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Is it good to buy property in Gurgaon?

Is it good to buy property in Gurgaon?

Real estate investment is full of unpredictable, but if you wish to invest it safely and get high returns from your investment, buying property in Gurgaon would be an excellent option for you.

In the last few years, investing or buying property in Gurgaon has proven to be more advantageous than other locations in Delhi-NCR, like Faridabad, Ghaziabad, Noida, etc. 

Thanks to the high standards of living, great employment opportunities, IT jobs, easy connectivity, increasing property demands, and rapid infrastructural growth, Gurgaon is recommended by buyers and property builders.

While the developers are coming up with world-class projects to fulfill the growing real estate requirements, the property seekers are also investing or buying 2 BHK flats and 3 BHK flats in Gurgaon while expecting high returns. 

If you have double thoughts about buying property in Gurgaon, the following reasons will help you clear your doubts.

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