Tuesday, June 05, 2007

High Demand For Office Space in Gurgaon

Real Estate Gurgaon is emerging as a very fast growing city in India. Property rates are skyrocketing. Residential property prices as well as commercial property prices are on full flow and touches the height of sky. Demand for office space in Gurgaon increases from last few months.

The growth rate of office rentals stands stabilized across the major business districts in Delhi as of today. The demand for office space in Gurgaon remains buoyant with most commercial projects scheduled for completion by year-end.

An interesting trend is the increasing number of proposals for SEZs by prominent builders such as DLF, Unitech, MGF and Vipul in and around the NCR though, it is still to be seen as to how many plans will be finally approved by the government. However, the proposed Reliance SEZ, spread over 25000 acres, on the border of Gurgaon is likely to cause a stir in real estate values over the long term.

Source://Gurgaon-properties