Good Time To Invest In Gurgaon As Property Prices Dip

Rates of property in Gurgaon declined by four per cent annually in the September quarter of the current financial year, data available with PropTiger.com show. This decline presents a golden opportunity for property seekers who had been planning to invest in this otherwise-expensive market.

Promising future

Falling rates are not the only thing that should entice such investors. There is also a volley of developments in Gurgaon that the investors could depend on. The Gurugram Metropolitan Development Authority (GMDA) is expected to roll out these developments in the next two months. These include the detailed report on the Metro project between the HUDA City Centre and old Gurgaon and a mobility plan by IIT-Roorkee.

The GMDA is also awaiting a nod from the Chief Minister’s Office for a liveability index for the city and the tender for remodelling the HUDA City Centre Metro is also ready to be floated.

Not just this, a mobility division has also been set up and it would help strengthen transport, infrastructure, improve public commuting and reduce traffic jams. This includes the expansion of city bus service apart from infrastructure, that is bus shelters and bus depots apart from skywalks, cycling tracks, foot over bridges, subways, among others. The attempt is to make the city worth it for the lakhs who commute to and from or are settled in Gurgaon.Amid developments, the Gurgaon property market is hopeful of a revival. Despite the numbers, Gurgaon remains a prominent micro-market in the National Capital Region.