Highlights of Gurgaon and Noida Realty Market

The primary purpose of investing in a property is to fetch maximum returns out of it in future. So, one has to be very careful investing in any property and analyze each and every aspect  very carefully before taking any final call. 

Important factors that should be considered while buying a property

Location

Location is the most important factor in property investment. Good location always ensures you with higher returns. Location that boasts of a good social and physical infrastructure is not only good for end users but also investors who are buying the property for re sale. It is also good to invest in a growing area with tremendous development potential.

Affordability

It is always advisable  to check your budget and do a thorough analysis  of all the additional costs involved in investment along with the base payment amount. It is better not to stretch your budget or to burn a hole in pocket in order to purchase a property.

Property in Gurgaon and Noida has emerged as two lucrative destinations in National Capital Region for real estate investment. A good number of developers and prospective buyers are showcasing their keen interest in both the satellite cities.  This report aims to capture the highlights of both the cities.

While Noida hosts a plethora of Indian and international IT and manufacturing companies, Gurgaon has emerged as one of the preferred destinations for at least half the Fortune 500 companies by October 2013.

Infrastructure Developments

Both the satellite cities have  seen massive growth in both residential and commercial infrastructure. There was never an instance when demand has beaten the supply.

Real Estate Trends in Gurgaon has significantly came up the curve with thousands of residential skyscrapers with state of the art infrastructure and ultra modern look. But what makes Gurgaon less attractive is the lack of  maintenance with poor and broken roads  that often results in traffic woes. On the contrary, Noida boasts of a robust infrastructure with proper and wide roads, better water treatment facilities, better public transport and most importantly the basic residential facilities in sectors. The city is well planned and offers excellent living conditions.

Infrastructure and connectivity

Noida holds an upper hand when it comes to infrastructure and connectivity. The  major highlight of both the cities it is close proximity to Delhi.  Both the satellite cities are well connected to Delhi which increases the attractiveness of both.  The major difference between the two is  Noida has various exits for Delhi,  while Gurgaon is connected to Delhi by one straight approach. The significant reason behind this difference is  Noida running parallel to Delhi and Gurgaon being comparatively far from the capital.

Future Implications of an Uptick in Demand for Commercial Property in Gurgaon

It looks like things may be slowly turning around for property in Gurgaon according to experts who claim that the recent uptick in the demand for commercial space in Gurgaon is likely to bode well for rentals in Gurgaon and may also result in greater demand for flats in Gurgaon. Actually an increase in demand for commercial property in Gurgaon is good news not just for Gurgaon but for the entire NCR at large. Increased demand for commercial space indicates a likely increase in employment opportunities, the news may be particularly beneficial as commercial space in Gurgaon is among the most expensive in the NCR and an increased demand for the same likely means larger than average capital inflows into Gurgaon with the end result that many such organizations which are opening new offices are likely to pay employees greater than average salaries. 

As many employees prefer to live near where they work such news augurs well for those with properties in residential projects in Gurgaon as more than likely they can expect greater demand for their homes from renters. The demand for more commercial property in Gurgaon may also be good news for those who earn money selling upcoming projects in Gurgaon as the new workers who shall now work at Gurgaon may desire to own their own property in the future to ease their daily commute. Such news is likely to be well received by builders in Gurgaon as well who may see signs of a revival in the city’s real estate market as demand from new migrant’s increases alongside the increased demand for commercial space in the city. 

Perhaps a subtler outcome of the increased demand for commercial property in Gurgaon could very well be that much of the residential property Gurgaon is likely to appreciate due to greater overall demand, if a city experiences an increase in population than it is axiomatic that demand for homes in the city too shall increase. That such an increase in demand is congregated in an increase in demand for luxury apartments or luxury villas in Gurgaon is however unlikely, most such new employees who will begin to work at Gurgaon are likely to be well paid, the most highly remunerated of these workers may well be able to afford luxury villas or luxury apartments in Gurgaon however the bulk of these new workers are likely to be just that, workers, who will reside at affordable housing in Gurgaon.

Almost certainly some of those who shall in the future work in Gurgaon are likely to be well paid as those working in the Millennium City are accustomed to and the money they earn will most likely be spent in Gurgaon on things such as groceries, entertainment, household goods and services, such expenses shall be disbursed among those who work in Gurgaon and the domino effect of such expenses from multiple households is likely to result in the purchase of less expensive flats and perhaps even mid segment apartments in Gurgaon.