Real Estate Investments In Gurgaon - Business Assistance Classified Ads in Delhi
Real Estate Investments In Gurgaon
Many who had invested in real estate in Gurgaon about 7 to 10 years back, turned millionaires. However, the past 2 or 3 years have witnessed a huge downtrend which is likely to continue for the coming one year. The market has seen a correction of more than 20% and with huge inventory backlogs, delay in projects, the future remains bleak. The main reasons for this more than normal downtrend has been ?residential real estate market has been investor driven rather than end user driven in Gurgaon; the sudden increase in land costs leading to higher per square feet rates; launch of a number of high end, luxury and ambitious projects with exorbitant price tags; lack of infrastructure development and support from the administration. However, there is a silver lining as well, with the prices having dropped by more than 20% in the residential real estate, the next 6 months is the right time for real estate in Gurgaon.