Gurgaon: An upcoming investment destination for NRIs

Gurgaon over the years has seen a massive improvement in infrastructure, well connected with metro and above all the HUDA is widening the Golf Course Road, thereby remaining among the top favorable residential markets in India on the basis of key parameters of supply and demand, improved connectivity, promising growth in economic status, price appreciation in the coming three years, emerging infrastructure and land acquisition policies.

Gurgaon has become an intoxicating commercial as well as residential hub with soaring skyscrapers, posh residential colonies and bustling commercial complexes. Golf Course Extension Road, Southern Peripheral Road, Pataudi Road and NH-8, Dwarka Expressway are the area of interest not only for the buyers but also for the investors. As per the estimated reports, Gurgaon has an absorption of approximately 3 million sq ft of office space in 2013, thereby having a cascading effect on residential demand. Gurgaon also houses top grade medical centres like Medanta and Fortis along with an equal number of good schools for the children thereby bridging the social infrastructure challenge which exists in most of the other newer cities or satellite towns.

The recent depreciation in the rupee against the US dollar has come as a benevolent move for the NRIs who are finding Real estate investment in India a better option due to exchange rate benefit. Gurgaon, known for its style and splendor catches the eye of NRI’s who have investigable surplus and are not contended with extremely low returns on their savings in foreign markets. The rate of interest on savings account in developed countries ranges from 0.5 %to 2.5% per year. NRI’s who are quite quintessential find this a swanky way to multiply their surplus. NRI’s investing in India have even gone to the extent of widening their horizons and investing in high-end studio apartments, office space, malls, hospitality and many other segments of the industry.

Circumstantially too, this is the only industry which constructs friendship ties with everyone whether you are a developer, a broker or an end consumer. If you have made an investment after proper due diligence in this segment in any form chances are high that you will inherit good returns.

With the advent of dependable players in the market and higher transparency, Gurgaon is well poised to attract more investment from NRI’s in coming future. If the infrastructure improves and developers deliver on their promise, it may very well be the first city from India which will compete with global cities like Singapore and Hong Kong in the next decade.

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