Gurgaon remained the favorite for home buyers since last about two decades. Beating all other sub cities of NCR like Noida, Greater Noida or Faridabad it always stood in the front, to showcase the infrastructural growth in India. But for last few years Noida & Greater Noida have surpassed Gurgaon in providing better and more housing at lesser price. But, Gurgaon Realty experts suggests that this trend may not last long as the prediction of change of Government in the centre as well as Haryana State is going around strongly. Generally such changes bring down the market growth and halts major developments in any economy. But, fortunately this is not the case this time as per Newspaper reports, Satta Market is betting big on new government.
Anyways, we at the Search My Flat will consider more of the logical reasons to predict the future of Gurgaon Real Estate market rather than by going with the Buzz in Satta Market. Haryana Govt in last few years was not able to earmark land for major developmental plans due to unavailability of clearance from Environment Ministry, Govt of India. Since, Gurgaon is situated in the foothills of Ecologically sensitive Aravali Mountain range Hence Supreme Court Of India is also observing any impact or disturbance in Ecological system of the area, by infrastructural Development here . The Apex court in an order passed in May 2009 has completely banned mining activities in 448 Sq. Kms of this region. All such unscrupulous activities of the current Govt are widely condemned and set to reverse by the next government. Which will bring the lands back in to the government Land bank. If next government will wisely allocate the alternative land to the eligible developers than new townships may emerge in Gurgaon – Sohna region at the price prevailing in Noida.
Haryana government in the year 2011 acquired land for 18km long Northern Peripheral road which is now popularly known as Dwarka Expressway that connecting Dwarka In west Delhi with Gurgaon. But soon this project got entangled in several legal issues. One such major issue of about 200 houses of Palam Vihar is recently cleared by HUDA by giving alternative plots to the grieved litigants. Though HUDA has been famous for going slow on policy making but this time, delay did not hurt much to either the developer or the investor as the average price of a multistoried apartment in dwarka expressway has reached today at Rs 7,500/ Sq. feet from Rs 2,500 in 2009. As per market reviews Dwarka Expressway has almost 50 housing projects like 106 Golf Avenue, Aster Court, Emaar Marbella, Palm Gardens Ramprastha Primera , Chintals Paradiso, Assotech Blith , Elite Residences going on at different stages which will offer about 25,000 housing units in form of Studio Apartment, 2BHK, 3BHK & 4BHK etc, by the year 2018.
Unexpectedly high appreciation of property in recent past coupled with Slow and hesitant Sale of flats in Gurgaon, has cautioned the end user to rethink to Purchase an Apartment in Dwarka Expressway and its adjoining Sectors of Gurgaon. Whereas, investor is quite keen to recover his investment & move ahead. So post election if we see some price correction in the area then End User will happily come to buy their dream Apartment here as most of the Developers like CHD, Raheja, Tata Housing, Godrej Properties, BPTP, Puri Constructions, Emaar MGF, Indiabulls Real Estate, Ansal Housing, Assotech Groups are projects here are offering the High Quality Housing at prices cheaper than Main Gurgaon. So, we wish all the best to the Investors & End Users who have plans to purchase property in Dwarka Expressway and suggest them to be ready to grab the opportunity soon.
Anyways, we at the Search My Flat will consider more of the logical reasons to predict the future of Gurgaon Real Estate market rather than by going with the Buzz in Satta Market. Haryana Govt in last few years was not able to earmark land for major developmental plans due to unavailability of clearance from Environment Ministry, Govt of India. Since, Gurgaon is situated in the foothills of Ecologically sensitive Aravali Mountain range Hence Supreme Court Of India is also observing any impact or disturbance in Ecological system of the area, by infrastructural Development here . The Apex court in an order passed in May 2009 has completely banned mining activities in 448 Sq. Kms of this region. All such unscrupulous activities of the current Govt are widely condemned and set to reverse by the next government. Which will bring the lands back in to the government Land bank. If next government will wisely allocate the alternative land to the eligible developers than new townships may emerge in Gurgaon – Sohna region at the price prevailing in Noida.
Haryana government in the year 2011 acquired land for 18km long Northern Peripheral road which is now popularly known as Dwarka Expressway that connecting Dwarka In west Delhi with Gurgaon. But soon this project got entangled in several legal issues. One such major issue of about 200 houses of Palam Vihar is recently cleared by HUDA by giving alternative plots to the grieved litigants. Though HUDA has been famous for going slow on policy making but this time, delay did not hurt much to either the developer or the investor as the average price of a multistoried apartment in dwarka expressway has reached today at Rs 7,500/ Sq. feet from Rs 2,500 in 2009. As per market reviews Dwarka Expressway has almost 50 housing projects like 106 Golf Avenue, Aster Court, Emaar Marbella, Palm Gardens Ramprastha Primera , Chintals Paradiso, Assotech Blith , Elite Residences going on at different stages which will offer about 25,000 housing units in form of Studio Apartment, 2BHK, 3BHK & 4BHK etc, by the year 2018.
Unexpectedly high appreciation of property in recent past coupled with Slow and hesitant Sale of flats in Gurgaon, has cautioned the end user to rethink to Purchase an Apartment in Dwarka Expressway and its adjoining Sectors of Gurgaon. Whereas, investor is quite keen to recover his investment & move ahead. So post election if we see some price correction in the area then End User will happily come to buy their dream Apartment here as most of the Developers like CHD, Raheja, Tata Housing, Godrej Properties, BPTP, Puri Constructions, Emaar MGF, Indiabulls Real Estate, Ansal Housing, Assotech Groups are projects here are offering the High Quality Housing at prices cheaper than Main Gurgaon. So, we wish all the best to the Investors & End Users who have plans to purchase property in Dwarka Expressway and suggest them to be ready to grab the opportunity soon.
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