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Gurgaon is among one of the top emerging city in Delhi NCR region. In recent years there is a dramatic increase in the number of offices of MNCs and big corporate houses opened in Gurgaon. With a huge amount of population working in Gurgaon it is seen that a lot of people are going for Flats in Gurgaon so that they can cut their time spent in transportation and they can spent time with their friends and family and can also save them from hectic travel which they need to do on regular basis. Thus after seeing this increase in demand of Plot in Gurgaon prominent building contractors like DLF and unitech have started many projects to provide flat in Gurgaon. These builders with their experience in constructing some top class residents globally have changed the face of urban class living style in Gurgaon.
The demand for both commercial and residential property has been increasing in Gurgaon as the real estate in India is recovering from the rage of recession. From the past few years, it has been progressing very rapidly, resulting in hike in prices. Gurgaon is the main outsourcing hub in India. The price of residential property in Gurgaon has increased by 30% approximately. The residential sector of Gurgaon real estate has been a bright option for all the individual investors. However to minimize the risk for the first time investors, following points are to be kept in mind:
One more important point to be noted by the investors is that the property rates in Gurgaon are rising rapidly. It is expected that in the near future, prices will rise by approximately 25%. One who wants to buy property in Gurgaon and wants to multiply the profits should not waste any more time and speed up the process of investment. The investments made at this time will definitely be profitable in the long run.
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Detailed research needs to be done After selecting the type of property, one needs to make a detailed research before actually investing in the property. The research will vary depending upon the type of property one selects. The research may include looking for property values, to what extent they have changed or changing currently, which locations are more popular for purchasing a particular type of property etc. for example in old Gurgaon or new Gurgaon. A good realtor can help the first time investors in finding what locations are most popular where major projects are about to begin. The realtors are experienced in their fields and they have an idea of the properties that are likely to rise in value. They can also give information on comparables, zoning and other data that will help the investor to make the right choice and maximize profits.
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These luxurious flats in Gurgaon are built by some of the renowned builders, like Vipul Gurgaon in Construction Company. The real estate market in Gurgaon is like heaven for people who are working in real estate sector. It is estimated that in coming years the market price of Flat Gurgaon will increase from 10 to 15%. Some of the top builders in real estate sector which are making huge investment in Gurgaon are Ambience, Parsvanath, DLF, Emaar, Tata Housing, MGF and Vatika limited. These builders are expected to bring some residential flats in Gurgaon in some of the posh areas of Gurgaon like Golf Course Road, Sohna Road, Central park 2 and many more.
