Realty fact International Real Estate Magazine India October 2014.pdf Oct/Nov. 2014 | Page 10

NATIONAL NEWS
GURGAON

T

he collective growth strategy involving Public Private Partnership (PPP) model expected to
revamp the city's environment. As Gurgaon continue to be the first choice for MNCs it is
invariably going to be the preference of the lot for extending human settlements thereby
bestowing on state level authorities to be in tune with approaching timely demands.

The property ventures in Gurgaon are witnessing a slow pace since 2013 when the growth rates toppled to
even less than 5%, however presently the efforts of currently elected government infuse high hope to the
real estate industry, the new policies are to favor faster growth rate anticipating a minimum 8%to even
double digit figures regaining its lost momentum by the end of 2014.

According to Mr. Harindra Nagar the M.D.Paras Buildtech“Faridabad - Noida - Gurgaon (FNG)
Expressway, Southern Peripheral Road and Kundli-Manesar-Palwal Expressway are major corridors that
are witnessing prominent residential developments,". Further the real estate industry emphasize to
accelerate the process of providing basic amenities on Dwarka Expressway and expansion of rapid metro
which along with favorable housing policies that are reasonable to pocket will definitely encourage
people to seek accommodation in already existing and up-coming construction projects. However RBI's
stance on policy rates will be a determining factor for Growth of real estate says managing director of
Microtek Infrastructure.
So far as development of basic amenities in Gurgaon, HUDA has
recently completed the laying of water supply line, It is definitely an
earnest step towards the favor of end users but the sub city is not yet
a complete problem-free destination for pilgrims off to heaven of
real estate splendor, riddled with innumerable insufficiencies
related to infrastructure, over-pressed wrecked statures to cater
growing demands of new settlements, loud consistent honks of jam
packed traffic and security issues proving to be the biggest
obstacles in pushing the construction of new projects further.
At this point of time public sector initiatives along with increasing
support by the government will surly boost up infrastructural
activities and thereby ignite the interest of innumerable developer
community, people and investors on acquiring a new property.
10 | RF | Vol 1 | Issue 1 | October 2014