Every real estate Investor with exposure in Gurgaon is happy for the fact that Gurgaon market has outperformed all other property markets in India in last 7-10 years and is being tagged as ‘Millennium City’.
Investors big or small have multiplied their money manifolds thereby giving them confidence to pick up newer & newer projects at higher rates. But the last 6 months- 1 year has shaken some confidence of the buyers & are now asking till when would this dream run continue??
The answer to this is not a simple yes or no!! If we compare the prices in rest of Delhi especially South Delhi (which is in close proximity to Gurgaon) or other cities like Mumbai etc then we still have significant upside left. The infrastructure is getting better each passing day. Thousands of white collar jobs are being created every year and its turning out to be a self sustainable city. Over the next 5 year period Gurgaon will be a much better place to stay with all the facilities in place and majority of the working population would prefer to stay closer to their workplace. This would increase the rent ability of the apartments & would take the prices even further up from here on.
However, in the short term, say next one year or so the chances of getting returns to the tune of 10-12% are more than getting 20% odd like we have enjoyed in the past. This is for overall Gurgaon market, but surely there would be pockets (micro markets) in Gurgaon which can still fetch you those desired numbers.
The sweet spot lies in investing around 5000-6000pqft bracket on Dwarka Expressway/ New Gurgaon or 7500-8500/-psqft on golf Course Extension Road for a period of next 3 years for superior returns.
Puri Construction Launching soon a regarded project Puri Emerald Bay, in prime area part 104 Gurgaon. Emerald Bay offers 2 BHK, 3 BHK and 4 BHK residences changing from 1500 to 2900 sq. ft. Puri Emerald Bay advances to a great range on the ground level to be used as Green Spaces for different actions within the neighborhood, for instance the walkways, the kids” play regions, tennis courts, wicker bin ball courts, the rich club house and an entire part of more exercises. It is simply a 10 moments head from the IGI International Airport.
Synage: Real Estate Consultants highly recommend Baani City Center Gurgaon as there is no other complex having 1 BHK / 2 BHK opotions in the vicinity or on Golf Course Road as well as on Sohna Road. Now a day’s 1 BHK / 2BHK are higher in demand and get more appreciation as compare to other accommodations available due to affordability and lesser options only. 1 BHK / 2 BHK are higher in demand for lease also as there are no such options available in the area.
As compare to other complexes having such type of options, these are quiet old structures and prices are comparatively high comparing to other accommodations in complex / vicinity i.e. Regency Park 2 in DLf Phase IV and Princeton in DLF Phase V. The 2 BHK options in these complexes are running above Rs. 12000/- to 14000/- psf whereas other options of 3 BHK / 4 BHK are running at a price of Rs. 11000/- psf approx. The project by BAANI Group in Sector-63 is with the new concept of High End Retail Street on the Ground Floor of the tower and provides convenience to the resident’s for their day to day requirements and high end shopping retail at a walking distance only