Property rates in Delhi and NCR region have been rising for the past few years. Sometime back there was a slowdown in the growth of real estate prices due to global recession, rentals saw a decline even with prime properties. But all that is past now and things are recovering at a very good rate. Property market is on the growth and is very optimistic. All this will push the real estate to new levels making it one of the best investments to make and this is perhaps the best time to do so.
Out of all the areas within NCR, Gurgaon has seen a healthy growth mainly because for its infrastructure development. The place is closest to the airport. All the major corporate brands have their offices in Gurgaon which in turn create job opportunities for professionals. This is one of the major reasons the demand for property has been rising here.
So what are the Gurgaon property rates and what are the growth prospects for an investor. Well the property prices are influenced by a lot of factors, every property is valued by certain criteria and you can not generalize the property prices in an area. Over all Gurgaon has some very good projects coming up and they will be the new face of the city which will have a good impact on the property prices in the area.
This is perhaps the best time for making property investments when quality infrastructure is getting ready and you have the chance for being the part or it. In another few years all these projects will be earning a good premium because of their demand. One good commercial project is by Spire Edge. It is a big project with a very good potential to earn well in future.
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Source by Patrick Shawns