Real Estate In India

Wednesday, November 29, 2006

South Delhi demand spills over into Gurgaon

Trammell Crow Meghraj Property Consultants report says it’s the new destination for non-polluting industries.

Growth in IT sector, booming economy and construction of Delhi-Gurgaon expressway has all given boost to real estate in Gurgaon.

With time and changing life style, markets have matured and shown sufficient appetite for high-rise condominium housing as well, according to a report released by Trammell Crow Meghraj Property Consultants.

Unlike other towns in the NCR, the regional development plan for NCR perceives Gurgaon as a centre for non-polluting high technology industries, with an objective of controlling the growth of Delhi, and shifting the growth spill into the suburbs, the survey adds.

Real estate market of Gurgaon has been derivative of property markets of Delhi and for a long time acted as its extension.

Place of residence near to work place is being preferred with more and more corporate setting up their office premises in Gurgaon

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