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Real Estate | March 2012

Capital values up 30-35 percent in Gurgaon’s property market

 Capital values rose by more than 30-35 percent in Gurgaon’s residential sector in the last one year.Developers are now going slow on execution of real estate projects, resulting in a drop in supply of residential apartments in most prime markets. Emerging residential areas are still not able to meet the huge housing demand.

Two key reasons for increasing rental and capital values for residential properties are because of rampant construction delays, the expected supply of residential properties announced in early 2009 has not been able to reach the market.

Around 500,000 units that were scheduled for possession in key markets by end of 2011 are delayed by another year.
There has been an increase in lateral hiring by corporates.With job scenario improving all over the country, people have more to spend.This has resulted in good investment opportunities, and investor sentiments in the affordable and mid-income segment of Gurgaon’s residential market have improved.

Residential property prices on the upcoming southern peripheral road connecting to National Highway 8 have seen considerable appreciation over the past few months.This location holds great investment potential thanks to enhanced connectivity that NH8 provides to Manesar and Dwarka.

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