Gurgaon, a prosperous part of Delhi-NCR region. The city developed on the brink of NH-8. The city has architecturally notable constructions in a wide range of styles. Gurgaon’s skyline with its many skyscrapers is nationally recognized, and the city has been home to several tall buildings with modern planning. The city was a mere forest when Maruti Suzuki started its manufacturing plant in 1970s, now the city has accommodated 25,000 corporate houses.  The real estate market revolves round the corporates firms and vicinity to the National capital.

The Gurgaon residential property market has currently stabilized, and there is huge scope for any significant rise in the near term. Gurgaon has transformed to being an end-user driven market from an investor driven market. Short-term investors on the lookout for immediate capital gains have ceased to exist in this market. Gurgaon is one of those cities where the impact of slowdown is less felt. The rising of corporate houses always kept the city in hunt for more infra.

According to a survey, Residential Properties in Gurgaon is gaining more popularity in all major and micro markets and they have witnessed significant variations as well. Super-luxury residential real estate prices have definitely corrected, being in the range of Rs 25,000-30,000/sq ft as compared to the Rs 32000-35000/sq ft range almost two years back. Premium / luxury projects in Gurgaon are currently priced between Rs 13000-16000/sq ft.

On the other hand, the Southern part always remains a hotbed as at the current price points, as it has the highest magnitude of affordable options. The proposed widening of Golf Course Road, the construction of the underpass and the proposed expressway will boost connectivity is further going to improve significantly. This will help improve sales to some extent.

Developers like Spaze who are coming up with a new projects like Spaze Arrow, will provide all the master class facilities and amenities. The purlieu of the location can be seen as the IGI Airport is just 20 kms, elite 5 star hotels are just 5 kms away, the National Highway is just 150 mts away.

Developers in the NCR region have been hit adversely due to the drop in residential prices at a time when they are running high inventory levels. Residential sales have picked up only marginally over the last three quarters.