The Spreading Out of Gurgaon

Gurgaon is the hottest, newest of Indian cities that have seen rapid growth in the near past. In fact it would not be wrong to say that the town is still on its way to reach new heights. It is one of the very few Indian cities that are more of a creation of private enterprises and planning rather than government regulation and planning.

Just few years back, Gurgaon was considered only a small village, which was in the close proximity of Delhi. Gurgaon began to see prominence in the mid 1980s when the Haryana government realized that the closeness of the border should enable them to gain unlimited business opportunities from New Delhi. They understood that there could be no better way of accruing investments, infrastructure and revenues into the state of Haryana. Now to find property in Gurgaon without the help of real estate agents is not possible. There are various real estate property search engines which are solely targeting the Gurgaon and are helping to search properties in Gurgaon.

This was the time when there was nothing but barren land around. Some of the entrepreneurs seized this opportunity at that time. They began to set up farmhouses and farms around Gurgaon. Among these entrepreneurs DLF is a name that cannot go without mention. Although, it was a relatively small company that time but it was known in New Delhi real estate market for some of its projects.

DLF understood that Gurgaon was a good opportunity to them. The land values at that time were very low in Gurgaon and so DLF invested in thousands of acres of land. Today, after few years, that same land has provided DLF with large rewards and they have turned as one of the wealthiest companies.

Be it commercial rental space in Gurgaon or corporate rent out, or may be industrial space to let, today the real estate rates have reached new heights. The facilities available in Gurgaon and its short distance from New Delhi have imparted Gurgaon with all this growth. The corporate complexes in Gurgaon are world class and so are the residential areas. They are well planned, elegant and sophisticated. There are also retail malls that bring in all the global brands, restaurants and hotels into the city of Gurgaon. What more can someone ask for and what more reasons can there be for its rising real estate.

A booming real estate market and a sharp surge in consumer spending levels have seen Gurgaon emerge as the biggest gainer in the neighboring areas of Delhi. Be it terms of rise in retail rentals, or buying a small flat, Gurgaon has received an excellent boost from the market.

Jack Macferson
http://www.articlesbase.com/real-estate-articles/the-spreading-out-of-gurgaon-86707.html

2 thoughts on “The Spreading Out of Gurgaon
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