2018 did not live by the expectations, for the real estate industry, and the market was on a slowdown from the starting of the year due to the execution of game changing policies by the government.
2020 Gurgaon is shining better than expectations, with multiple factors enhancing Gurgaon real estate development on several fronts.
Economy: India’s economic growth is balanced to create more job opportunities and Gurgaon is a hub of every major business. This will lead to the establishment of jobs and more people moving to the city will lead to housing demand. There will be both, the end-users buying homes as well as the investors buying properties to generate rental income from.
2020 Gurgaon is shining better than expectations, with multiple factors enhancing Gurgaon real estate development on several fronts.
The real estate trends expected for Gurgaon in 2020:-
Economy: India’s economic growth is balanced to create more job opportunities and Gurgaon is a hub of every major business. This will lead to the establishment of jobs and more people moving to the city will lead to housing demand. There will be both, the end-users buying homes as well as the investors buying properties to generate rental income from.
GST: GST is now working absolutely smoothly and there
are talks of bringing the entire real estate segment under it. The execution
and reformation of GST are not just advantageous for the businesses, but also
for the buyers.
Affordable Housing: he government’s initiative towards affordable housing has started
creating results and more and more developers have started building projects to
provide to the residents.
New launches:
Things are finally heading in the right direction and various developers are
launching many new projects. This includes both in the luxury
segment as well as in the affordable.Investors are believed to be back in the
market to create submissive income through rentals as there is a lot of
workforces in the city, who needs housing, but does not want or cannot afford
to buy one.
RERA act (Real Estate Regulatory Authority): It was introduced in 2016 to protect the
interests of the home buyers. The main objective of RERA is to provide relief
to buyers from malicious builders. In which the area of land proposed to be
developed does not exceeds 500 sq meters or the number of apartments proposed
to be developed does not exceed 8.
Infrastructure: Gurgaon is now well connected with surrounding area
like Delhi, Faridabad and Sohna and
major roads like NH-8, Dwarka Expressway, Southern Peripheral Road, Golf Course
Extension Road, shall provide an improvement to connectivity.
There
is also lots of growth expansion happening in terms of civil infrastructure as
well as private one in terms of schools, hospitals, commercial space etc. It surely looks like Gurgaon
offers excellent returns on investment for investors and an attractive
lifestyle for end-users. For those planning to invest in 2020, Gurgaon is
definitely a sure shot destination to grow your
