Recently Times of India reported that Gurgaon is more growing towards mid-segment luxury housing. The city is considered as one of the most sought after cities in India especially by the top earners and who consider luxury as their way of life. For those who cannot separate luxury from their life Gurgaon is the best place. However as per the recent reports, Gurgaon Real Estate is slowly leaning on to mid luxury segment housing sector.
Considering the hot nature of Gurgaon Properties, many of the investors feel that they are the best options for investment. As there are many investors roaming around the city in search of good properties to have investment, the property prices are rocketing in the city. There are all modern facilities and amenities in the city and so you will be able to enjoy a better life here. Golf courses are one of the main symbols of luxury and the area around the golf course here is priced far higher.
Still there are many who are interested in this city. They are least worried about property prices in the city which grows very faster now. Property in Gurgaon is not only sought after by the top earners and top end income group. But now there are many projects which aim at the middle income housing segment. However being a tier I city, the property prices are higher and the middle income houses would fall between Rs.60 lakh to Rs.1 Cr.
Most of the projects are launched in this range. This is mainly due to the increased demand for Gurgaon Properties in this segment. For most of the people; due to the sky reaching property prices, the properties here are unreachable. Remember that there are many projects which offer apartments over Rs.10 Cr in the city.
Another thing the builders in the city never wish to be known for their affordable housing development. They provide all world class facilities and amenities in each of their projects. This provides no option to the buyers to buy this sort of properties than any other options. Thus the Gurgaon Real Estate remains as one of the top end housing hub. It has become the home of the top end luxury projects and not any affordable one.
It is very hard for anyone to find a suitable home below Rs.50 lakh. However after the budget which have slapped on the top-end luxury housing segment by imposing additional surcharge and service charge will certainly have an adverse impact on the sale of housing units in the city. Top end or ultra-luxury Property in Gurgaon may not be sought after hotly as it was in the past. Still the city will remain one of the best destinations for the top earners.
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