The city of Gurgaon is one of the most important cities in the state of Haryana and the NCR. The reason is that the portal has always been considered to be one of the most important centres of new property development. It is the hub of economic activity in the area as global firms have established their offices here. Similarly, the city is also responsible for the high demand of housing and this demand has always been high. It remains so even today. But Gurgaon suffered at the hands of the recession in the past few years. The property in Gurgaon suddenly became abundant and the buyers turned out to be few. The residential property business in the city slowed down and in some areas, it stalled completely. Interestingly, it picked up in some other areas where there was new infrastructure development.
What has Set the Time Right for Property Investment in Gurgaon?
As mentioned earlier, the property business in Gurgaon had started to suffer because of the economic recession. The lending rates were high and therefore home loans were expensive. The property buyers were not willing to pay extra and therefore the sales dipped. Over time, the property business in the city started to witness lack of sales as the inventories started piling up. The builders sought newer options and locations for new development and the new Gurgaon area therefore came into being. However this trend also led to the demand for luxury properties along with affordable housing.
Therefore finally when the economic crisis started to abate in the year 2014, the property development started again in Gurgaon. However the builders were also interested in clearing their inventories and therefore the prices of houses have not been raised in the year 2015. The same year, RBI declared a reduction in lending rates once in February and once in June. This reduction is expected to fuel the property sales in Gurgaon even further. There are a large number of affordable housing in Gurgaon which are coming up in areas that are being newly developed. The city has received its first mega luxury project from Tata Housing at the start of the year 2015. This has set the pace of demand and the trends that can be seen in the future. With the ever increasing economic growth, it would not be possible for the property business in Gurgaon to wane. It would continue to rise in future.
How to Search for Houses in Grugaon?
If you are planning to search for houses in Gurgaon, then one of the best ways to go about it is by using property portal housing.com. The portal has been known to be one of the most technologically advanced portals in the country for searching properties. There are verified property listings here as there are a large number of options. The end users have the control of the search and they can use the filter options to find the best houses in the city.
The map based search features of the portal allow the end users to find the best houses in the city with great ease and comfort. Therefore it has become exceedingly easy to choose a location nd then search for a house of choice. these features have been enabled by data analysis.