Will 2021 be a good turning point to buy Property in Gurgaon?
Still confused about whether to Buy property in Gurgaon or not! Real estate experts are coming with an assortment of opinions that continue to raise confusion for buyers. For many, it is still hard to reach the ultimate decision.
After the global pandemic, every sector went through a drastic recession phase. Meanwhile, a significant drop in property prices was observed in 2020. It also portrays a big reason behind the unstable property prices in Gurgaon.
Ready-to-move-in builder floors in Gurgaon are currently readily accessible at the best price. However, the prices of properties declined not just in Gurgaon, but other cities, including Thane, Bengaluru, Noida, and Pune, are witnessing a drastic fall in property prices.
Yet, the IT city Gurgaon, Haryana, is in the limelight. Though, the reasons make it obvious.
Gurgaon Property Sales Drop 63% in 2020
In 2020, Gurgaon observed a 63% drop in the real estate sector in the March quarter. Compared to the previous years, property sales in Gurgoan declined by 27%, which is a huge number.
It’s no surprise that amid the Global Pandemic, real-estate sector was experiencing short of buyers. Even with the beginning of 2021, not so many buyers are showing interesting in purchasing properties in Gurgaon.
But those people who are somehow managing to afford property in Gurgaon are genuinely achieving the most profitable deal of their life.
People are in a rush to Buy Property in Gurgaon as the lowest prices of the property after a long decade in Haryana’s IT city continues to draw people’s attention.
Current Value of Properties in Gurgaon and Future Prospects
Even though the world has overcome the Global Pandemic’s drastic impacts, still the property prices in Gurgaon continue to make a stable position. Already properties interest rate in Gurgaon is hovering around a 15-year low, but a significant hike in the real estate sector is being anticipated in the future.
It’s no wonder that it is high time for buyers to get their hands on these properties and make a smart move. According to Business today, real estate sector will have a positive outlook as the government of Haryana is planning to turn Gurgaon into the next largest city of Haryana after Chandigarh. (sources)
Although, it isn’t the only thing that makes Gurgaon another best city for investment in Real Estate. If you are planning to Buy property in Gurgaon in the next few months, then you would be making the best decision of your life.
Grand Iva (Signature Global), Officers Enclave (Supertech), Tarang. (Ashiana Group), 63 Golf Drive. (Sunrays), Xpressions types of residential societies in Gurgaon continue to make headlines in Gurgaon real-estate sector.
But apart from these societies, there are lots of properties in Gurgaon that can be found at the lowest rate. Meanwhile, you can seek advice from real estate experts, especially if you are an outsider. They may guide you better on the best properties type and their prices in Gurgaon.