With the keen objective of fulfilling housing needs for all sections of the society by many real estate companies, there has been an unprecedented growth in innovative affordable projects in new Gurgaon. These projects offer a quality lifestyle, amenities and that too at low-cost. And this change has been seen rapidly in the Indian realty market.
Real estate developers are making their tenacious effort to promote affordable housing projects in the country. Moreover, the real estate developers are also focusing on introducing many large-scale housing projects in the country.
– There has been a steady increase in the number of people living in urban areas due to which the demand for 2 BHK, 3 BHK apartments in cities have also risen
– We are experiencing an advanced culture of home ownership where people from upper, middle and lower income groups are focusing to have their dream home
– It has given rise to easier land availability at low cost
– The micro finance institutions are financing the development exercises
There are few main factors that may lead to a hike in real estate demand in the coming years:-
– Increased affordability of customers
– Lower interest rates
– Availability of mortgage and affordable property sizes
– Good supply rate of dealers
– Increased population and rapid evolution of nuclear families
Therefore, if we compare today’s real estate market with few years back, then we can easily say that the demand of top developers in Gurgaon has shown its powerful impact in the society and the real estate industries will surely be at its peak in the coming years.