The millennium city Gurgaon is one of the important real estate markets in our country. From the early 1990’s, when our economy opened its floodgates to foreign investors, till now, Gurgaon has consistently stood supreme for real estate investments.
In a latest to magnify the status of Gurgaon, a PHD Chamber of Commerce and Industry (PHDCCI) survey has revealed Gurgaon as the most attractive property destination in Delhi-NCR.
The survey ‘Determinants of real estate: A survey of Delhi NCR’ was topped by Gurgaon, which was followed by major cities like Delhi, Noida, Faridabad and Alwar.
The survey listed out top 10 cities for which the 6th to 10th places were positioned by Ghaziabad, Panipat, Meerut, Sonepat and Rewari.
A statement by PHDCCI explained that good transportation facilities, existence of job openings, basic infrastructures including schools, colleges and hospitals have made these 10 cities attractive for real estate investments.
The statement also added that the metro construction has boosted the investment sentiment of the investors, besides igniting the nearby property prices.
The statement from PHDCCI also quoted that high interest rates for home loans, inflationary pressures, lack of demand and economic uncertainties are affecting the real estate investment sentiments of investors.