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Offices |
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Showrooms |
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BPO
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Apartments
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Condominiums
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Villas
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Builder
Floors / Houses |
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Plots |
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Farm
Houses |
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Industrial
Property |
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Industrial
Plots |
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Sheds |
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Agricultural
Land |
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Real Estate
Advisory |
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Buy
Property |
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Sell
Property |
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Lease
Property |
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It is
the dream of every Indian to
own a house. Or two. And a dream
that has remained a dream for
most of the Indians in the past.
However, the last few years
have seen a dramatic change
in the housing environment along
with an even bigger change in
the mindset. No longer does
one need to labor his entire
life, accumulate funds by sacrificing
all other needs, and then settle
for a poor excuse of an house
that would make even an Eskimo
proud! Now it is a simple matter
of walking into your neighborhood
bank with your salary slip and
walking out a proud owner of
a luxurious apartment.
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Gurgaon
again leads the nation in sheer
number and variety of the housing
solutions that it provides.
Whether it is a simple brick
and mortar house or a million
dollar plus penthouse overlooking
the golf course it is yours
for taking. All you need to
do is want it!
Though
past couple of years has seen
double-digit growth in residential
sector, the market is still
long way off from the peak.
The number one reason supporting
this premise is the liquidity.
The market is awash with funds
with most of the banks still
continuing to aggressively market
their home loans. The recent
25 basis point cut in the home
loan rates provides some additional
support. With interest rates
showing no sign of going north,
more and more people will continue
to afford that easy EMI, and
hence the home prices are unlikely
to go south.
Secondly
supply of apartments is limited
as defined by the master plan
of the city. Though not impossible,
it is highly unlikely that more
FSI will be released in the
existing sectors, as it will
put more strain on the already
stretched infrastructure. No
supply translates into higher
prices.
Gurgaon
remains the premier destination
for young professionals as well
as for those looking for a better
quality of life. As the population
continues to grow, the demand
for houses with continue to
grow as well, which again leads
to higher prices.
Last
but not the least, the replacement
cost of an apartment is higher
than the existing price of a
similarly placed apartment which
makes it all but impossible
for the prices to get any lower
than the levels they are at
present. |
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