There are several reasons why you should invest in a property in Gurgaon. This article explores New Gurgaon’s advantages, including the lowest inventory of unsold flats in the country, a range of residential options, and an attractive set of civic facilities. To get started on your property search, browse through the following sections. You’ll find everything you need to know to make a sound decision.
According to JLL India, there is a low inventory of unsold flats in Gurgaon. Delhi and Noida both have high unsold inventories. The highest unsold inventory is found in Noida and Greater Noida, which contribute 60 percent to the country’s total unsold inventory. These cities have a long and troubled history, and this makes end users wary of buying in these cities.
However, the inventory burden on developers has decreased in the past year. Based on the current sales velocity, builders had a 7,26,943 unsold inventory on December 31, 2021. In comparison, Dwarka’s inventory overhang is just over one month. Thus, if the inventory overhang is below that figure, it means that the market in Dwarka will be in a better position to sell its unsold stock than Delhi-NCR.
However, the NCR real estate market has been in the spotlight for its unsold housing stock. The unmoved inventory in the second quarter of 2018 was 58,750 units, making it the city with the lowest unsold inventory in the country. Compared to other cities, the NCR market is the most expensive. While Delhi has the lowest unsold inventory, Gurugram’s unsold stock is highest in the premium and luxury segments.
Today, the market in Gurgaon is booming, and renowned real estate developers have launched several new projects such as Paras Quartier Gwal Pahari Gurgaon in the city. The city offers both high-end luxury apartments and affordable middle-class apartments, giving the real estate market an unprecedented choice. Apart from prime locations, the city’s proximity to south Delhi and connectivity to the international airport gives the city an edge over other cities in NCR.
The city offers an excellent infrastructure to support a thriving economy and lifestyle, including a robust transport network. The city has excellent roads and metro connectivity, which makes it a highly accessible city. Even the outskirts of the city are well-connected through upcoming metro projects. Its seamless connectivity to Delhi provides an excellent infrastructure. Therefore, many people have already moved to the city and are enjoying the lifestyle it offers.
With its vibrant infrastructure, Gurgaon is becoming a better property destination. Major roads provide improved connectivity to nearby areas, further increasing the attractiveness of residential properties. The city is located near the IGI Airport and has excellent connectivity options, making it a desirable investment destination for many savvy real estate investors. Attractive Paras Quartier Amenities make Gurgaon a better property destination, especially for the young and the working class.
The Paras Quartier Floor Plan is growing in popularity among the millennial population, which makes it a desirable property destination. Its residential complexes are located near prestigious educational institutions, and have world-class facilities. Other amenities include party halls, fitness centers, yoga rooms, and club houses. Many of the residential properties in Gurgaon offer easy access to the major landmarks. Furthermore, the city is located at a strategic location with excellent connectivity to the rest of the country.
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