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Real Estate >> News
Gurgaon...Realty Growth Does Not Stop Here!!
By
siliconindia
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Monday, November 25, 2013
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Gurgaon : The real estate sector in Gurgaon, the millennium city, is sustaining its momentum of growth over the tough times for the Indian economy in the recent past. While the economy strives for a recovery and confronts the sluggish pace of growth in the manufacturing sector, Gurgaon has a tale of growth to set forth standards in the realty sector. This city has been pleased with the upheld interest of developers and persistently appreciating values of good assets.
The real estate in India has been exhibiting its spell of growth which has come from various subsectors like the premium and affordable properties in the residential sector. Interestingly, the residential sector in Gurgaon has been absorbing the augmented interest of developers and investors to develop contemporary assets located at new sectors which are on a sprawl of development.
To the latest of developments in Gurgaon properties, ATS has come up with a plan to launch five projects in this cosmopolitan city. Defying the chatters of a slowdown in the realty sector, ATS, a Noida based developer intends to explore the immense potential in the submarket growth of in this city. As reported by Business Standard, ATS has two of the projects already under construction and will be launching the other three in the upcoming future.
Looking at the residential sector in Gurgaon, the prices of projects and the demand structure has not changed much in the recent past. Even while steering through a time of liquidity cuts, Gurgaon's residential and commercial sector has maintained its status quo with no significant reduction in the cost prices and the rentals of good assets.
The Times of India has reported the soaring rents in Cyber City, the business district in Gurgaon which houses numerous fortune multinational corporations. A landmark asset like the DLF Atria in Gurgaon has been appreciating in terms of the charge for leases and this location is witnessing new occupiers with enhanced rental agreements.
Gurgaon, as known to be the hub of outsourcing in India, has been recounting its prospects of growth in the recent past. This city has fared well in terms of the demand and supply ratio, where new locations have been developing to be reckoned as latest residential and market hubs. Gurgaon properties are spearheading to set benchmarks of resilience and exemplify the tale of growth which is parallel to the rapid pace of urbanization and infrastructure development in this city.
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