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Gurgaon is also known as the commercial hub of India. With the emergence of various IT and BPO companies in the city, the residential property scenario in Gurgaon has also undergone a tremendous change. The city is designed and developed in such a way to give competition to the various metropolitan cities of India. As a result, there is an unexpected rise in the prices of residential properties, which include several Gurgaon flats and apartments.
Increasing Demand of Residential PropertiesOther than the booming IT and BPO sector, there are various factors that increase the demand for residential properties in Gurgaon. These include-
- The establishment of various malls and stores has increased the value of residential properties in the city.
- People who have disposable incomes are also opting to buy a Gurgaon apartment as a means of investment.
- One of the major reasons for hike in residential properties is the upcoming metro rail project that is likely to be completed by 2009.
The Gurgaon real estate market is on a booming spree with the establishment of various commercial and residential plots. The rates of owned and rented commercial spaces in Gurgaon are increasing every other day due to the establishment of new industries and firms in the city. The commercial Gurgaon Property is owned or rented by many big corporate firms of Indian and abroad origin.