Property in Gurgaon is a city located in Haryana, which enjoys the geographical advantage of being located close to Delhi. It is one of the fast-growing areas that attract many multinational companies and corporate giants. More than half of the Fortune 500 companies have established their offices in Gurgaon. This interest shown by various companies in Gurgaon drives up the property prices in the city. As it attracts more of the working population to the city, the demand for real estate increases. In Haryana, the city has a high literacy rate and Gurgaon has the third highest per capita income in India.
Infrastructure and Connectivity
Property in Gurgaon is infrastructure has witnessed tremendous changes in recent years. Multi-story apartments and several shopping malls have been successfully built on areas that were once vacant land. It now has excellent healthcare facilities, well-laid roads, and various other infrastructure projects. Delhi Metro, as well as its own Rapid Metro, provides seamless connectivity to this ever-growing city. The city is well connected to the Delhi-Gurgaon expressway.
Geography
Haryana’s Gurgaon city lies on the Delhi-Haryana border and is located in the state of Haryana. The city enjoys a great geographical advantage. The city extends over an area of 738.8 square kilometers. Summers are generally hot and humid, with an average temperature of 40°C. Winters are generally cold and misty, with few sunny days. As of the 2011 Census of India, the Gurgaon Municipal Corporation area has an estimated population of 876,824.
Lifestyle
Gurgaon has created several shopping malls, multiplex cinemas, fashion stores, luxury hotels, and amusement parks that keep the residents of this city entertained and engaged. This development has changed the lifestyle of the people of this city and indeed there has been a drastic change in the standard of living of the people. Property in Gurgaon is livability has greatly improved in recent decades and will continue to do so in the near future.
Economy, Industry, and Employment
Property in Gurgaon is the country’s fastest-growing information technology and industrial hub. Many companies have established their offices in Gurgaon thus creating ample employment opportunities. It attracts a large working population to the city, giving the city’s rental market a huge boost. In the last two decades, there has been an increase in real estate prices in the city. Young professionals from different states of the country like Madhya Pradesh, Uttar Pradesh, and Rajasthan come to Gurgaon in search of good job opportunities. Many car manufacturing plants are also established in Gurgaon. There are a number of them, including Maruti Suzuki and Hero Honda. The main reason for the growth of the city is that DLF has large tracts of land.