| Gurgaon is a city in the northern Indian state of | | | | year. |
| Haryana, and has a population of about 1,000,000 | | | | Among quality projects, Valley View Estate on the |
| according to the 2001 national census. Gurgaon is one | | | | Gurgaon-Faridabad Road has been promoted by |
| of Delhi's four major satellite cities. It is just 10 kms | | | | Ansals. In this residential project, one can opt from a |
| away from Indira Gandhi International Airport, Delhi. | | | | one bedroom unit of 627 sq ft area, two bedroom |
| The district derived its name from the name of Guru | | | | apartments ranging from 929 sq ft to 1097 sq ft and |
| Dronacharya; the village was given as gurudakshina to | | | | three bedroom units covering 1300 sq ft of space. |
| him by his students; the Pandavas and hence it came | | | | Parsvnath's Green Ville on Sohna Road, a residential |
| to be known as Guru-gram, which in course of time | | | | project of international standards, has been planned |
| got distorted to Gurgaon. Thus the district has been | | | | to provide pollution free ambience. This premium |
| existence since the times of Mahabharata. The | | | | segment residential project boasts of an exclusive |
| district is surrounded by Delhi & Rajasthan. Until very | | | | state-of-the-art club along with access to Jacuzzi, |
| recently, Gurgaon was a sleepy town on the | | | | sauna, squash court, children's' play area, and |
| outskirts of New Delhi. Its potential was quickly | | | | gymnasium, among others. Another premium |
| recognized after the liberalization of the Indian | | | | segment project, Orchid Greens of Vipul on Sohna |
| economy, in the 1990's, because of its proximity to | | | | Road is sure to attract the buyer's attention. Situated |
| New Delhi, and the smart policy initiatives of the | | | | on approximately 17 acres of land, with 85% a |
| Haryana government. Today, skyscrapers and | | | | landscaped garden, Orchis Greens has two premium |
| modern shopping malls dot this suburb, which has | | | | apartments on each floor. |
| seen a major real estate boom since the late 1990s. | | | | To add more attraction to this already attractive |
| Gurgaon is one of India's major outsourcing hubs, | | | | project, three swimming pools, a day care centre and |
| housing major multinationals such as Accenture, | | | | parks for children have been planned. L&T have |
| Sapient, Agilent, TCS, Genpact, Polaris, IBM, | | | | launched Kensington Park in Gurgaon on Sector Road, |
| Microsoft, Google, Oracle, ITC, Ranbaxy, Adidas, | | | | while the Essel Group has launched Essel Towers on |
| Nokia, Pepsi, RBS,Alcatel, American Express, British | | | | Mehrauli Gurgaon Road. Also the Ambience Group has |
| Airways, Convergys, eFunds, Ericsson, Fidelity | | | | come up with Ambience City Lagoon in Gurgaon at |
| Investments, Flextronics Software Systems, General | | | | an asking rate of Rs 600 per sq ft. Other such |
| Electric, HCL technologies, Hewitt, Hindustan Lever | | | | projects include the Icon, Pinnacle, Belmont, Ville Nova |
| Limited (the Indian division of Unilever), IBM Daksh, | | | | and others in the premium segment. The Nile, a |
| Keane, Niksun Incorporated, Siemens, Vertex, and | | | | masterpiece offering from Omaxe is taking shape on |
| Xchanging. Other well known multinationals such as | | | | Sohna-Gurgaon Road and is priced at Rs 2300 per sq |
| Aviva, Citibank, Coca-Cola?, GSK, General Motors, | | | | ft. This project has 416 apartments in 9 towers with |
| Gillette, HP, Hitachi Metals, Nestle, New York Life, | | | | options of 3-bedroom and 4-bedroom apartments |
| WNS Global Services, Xerox, etc. have made | | | | and penthouses. The Nile, inspired by the Nile river |
| Gurgaon their corporate headquarters. The biggest | | | | civilization, is being promoted as a futuristic planning |
| car manufacturers in India, MarutiUdyog and Hero | | | | which makes it a modern day landmark. Other |
| Honda also have plants in Gurgaon. Honda's own | | | | residential projects include Mahindra Gescos Central |
| two-wheeler plant is located 8 kilometers down | | | | Part-II, Unitech's Uniworld, and Jaipuria-Bestech |
| Indian National Highway 8 from Gurgaon. Globally | | | | group's Parkview among others. The above |
| recognized as an IT And ITES destination, Gurgaon is | | | | mentioned developments are just indicative of the |
| the much sought after place for Corporate and MNCs | | | | residential realty activity taking place in Gurgaon at |
| that need space in Delhi. The increase in foreign direct | | | | the moment. A lot more is in the offing and buyers |
| investment, falling interest rates along with the boom | | | | stand to gain the most. In keeping with the realty |
| in the stock market has led to the flourishing of the | | | | boom in Haryana, the Haryana Urban Development |
| real estate market here. | | | | Authority (Huda) has launched a new group-housing |
| Gurgaon is also known for its versatility in residential | | | | scheme across the state. |
| properties be it an apartment or villa, condominium or | | | | Under the scheme, a total of 321 plots of half acre, |
| penthouse, independent floor or duplex, or residential | | | | one acre and one-and-a-half acre will be allotted |
| plots; to each his own. There are good Hotels and | | | | wherein Gurgaon will get 30 plots. The plots will be |
| places to stay. Bristol Hotel is a nice, clean and | | | | allotted on free hold basis at rates depending on the |
| comfortable 3 star Hotel with an extraordinary | | | | dwelling unit's size and the town they are located in. |
| confectionary and then there is the 5 Star Radisson | | | | The new scheme will definitely help meet the |
| Hotel on the Delhi-Jaipur? Highway. Another good | | | | increasing demand for housing in the state, and |
| pace to stay is the 32nd Milestone which also houses | | | | probably help check the unbridled rise in property |
| a discotheque, go-carting and other games for | | | | prices in Haryana. |
| children of all ages. You can own property in the | | | | When it comes to pricing Gurgaon has been fairly |
| plush locations and Industrial Plots of Gurgaon, Delhi | | | | stable in the last few months and is likely to firm up |
| NCR.Make your dream come true- Gurgaon extends | | | | in the near future. The price appreciation (to the tune |
| to you the finest opportunities to buy: Apartments | | | | of 50%) that was witnessed in 2004 across the |
| Flats/Condominium, Commercial/Industrial Space, | | | | various residential markets of Gurgaon was mostly |
| Office Space / Corporate Locations, Agricultural Land | | | | led by apartments in the premium segment. The rate |
| / Rented Properties, Shops, Plots, Villas, Farm | | | | of escalation has reduced marginally over the last |
| Houses, Builder Floors in posh backdrop of Gurgaon | | | | few months. However, the current projected figures |
| and surrounding areas Delhi / NCR, and that too at | | | | of supply and sales indicate sustained activity during |
| absolutely reasonable prices. | | | | the coming months. An important feature, however, |
| Gurgaon is a peaceful area where crime rate is very | | | | is that investors are still a major player in the market |
| low. Those people who have bought properties in this | | | | which can be viewed through, in the active |
| area are fortunate one in term of appreciation of | | | | secondary sale market. Projects that were launched |
| prices, rental income and security. People who have | | | | across the NCR in early '05 have shown a 10% |
| invested here in this city have gained tremendously | | | | appreciation in their capital values, while the projects |
| business wise as well. Real estate in Gurgaon has | | | | launched in mid-2004 have appreciated by 20-30 %, |
| touched unprecedented heights, which is evident | | | | indicating an annualized return of 25-30 %. |
| from the number of projects being planned to gratify | | | | The residential purchase prices could continue to |
| the increasing demand for residential property. | | | | appreciate, though the rate of escalation is expected |
| Several residential projects are in various stages of | | | | to be lower compared with last year. In Gurgaon |
| construction in this suburb of Delhi and many more | | | | (except Gurgaon-Sohna road) the present rate is |
| are in pipeline of being launched. "What you're seeing | | | | around Rs 2,700 to Rs 3,000 per square feet. Builders |
| is a very good housing market combined with the | | | | blame this for the high land price. The cost of |
| nation's top developers establishing their base in | | | | permissible constructing space in suburbs like Noida |
| Gurgaon," said colonel (retd.) Prithvi Nath of DLF, | | | | and Gurgaon in NCR is around Rs 1,500 per square |
| which already has around 10 ongoing projects and | | | | feet. As the cost of high class quality space is around |
| announced six more projects last year and is planning | | | | Rs 1,000 to Rs 1,200 per sq ft, the total cost of |
| more. Unitech, another dominant player, launched 10 | | | | apartment comes out to be around Rs 2,700 to Rs |
| projects over the past year, and is proposing to build | | | | 3,000 per sq ft. |
| 800 - 1,000 residential apartments over the next | | | | |