Friday, March 09, 2007

Real Estate Investments in Gurgaon

Gurgaon, a city in the northern eastern state of Haryana, has now become much famous as India’s Outsourcing Capital. The impressive growth that this cyber city has shown is hardly comparable with any of what its counterparts have accomplished.

Earlier, Gurgaon was known to be a sleepy town on the outskirts of the capital city. Today, the situation has largely changed with several big buildings and shopping arcades doting on this suburb which has witnessed a major real estate boom for the last few decades.

Gurgaon property has reached such a niche which seemed impossible a few years back. Today, a common man needs to think twice before purchasing a house here. Apart from commercial property in Gurgaon, the residential sector is seeing an equal rise in its values.

The existing population of Gurgaon is considered to possess large purchasing power which has further created a large demand for housing thereby giving a puffy boost to the property prices in Gurgaon. Real estate industry naysayers have opined the transport a chief bottleneck hampering the transportation of this fast flourishing cyber city. However, these niggling hurdles are soon to be crossed with the plans to extend Delhi Metro to Gurgaon.

Flying high on the wings of booming real estate, property in Gurgaon has become a dream for every potential investor looking forward to dig high profits and prospects.Check out the following chart to update your knowledge on the current property rates in Gurgaon.