Connect with us

Home Improvement

The Gurgaon Housing Sector Prevails Again

The Gurgaon Housing Sector Prevails Again
If one were to go by the real estate news for Gurgaon in the year 2014, most of the news pieces portrayed a dismal picture of the city. There are high inventory numbers and there were multiple projects that were stalled. The news was true because the city of Gurgaon did witness a slowdown in the sales of property. The economic slowdown was primarily responsible for this. There were certain areas where the demand for houses was high and others where it was not so high. But overall sales in the city were lesser in volume when compared to the previous years. This is why the city was said to be the hardest hit. However all that has changed in the year 2015 and the property business in Gurgaon has re-emerged. This time around, the positive market sentiments are here to stay and the growth is considered to be sustainable. Therefore investing in villas in Gurgaon is considered to be a sustainable option.
The Gurgaon Housing Sector Prevails Again

How Has The Property Demand Emerged In Gurgaon?

The primary reasons why the demand dipped in the first place were macroeconomic. The nation was undergoing a phase of recession, and the inflation was high. To curb the inflation, the RBI increased the lending rates so that the extra cash can be taken out from the economy. This process continued for almost half a decade and it was only in February 2015 that the first reduction in the lending rates was announced.
When the lending rates are increased, all the banks increase the borrowing rates. This means that the rates of home loans are also high. This is the reason why most of the property seekers chose not to invest in housing in Gurgaon. The home loans made the purchase costly. But in the long run, the city was expected to see more growth. Therefore most of the investors were waiting for the right opportunity. This opportunity revealed itself in the year 2015 as explained above. The builders were anticipating this reduction in lending rates and therefore they already had started new project development. The demand for affordable and luxury housing in the city was distinctly clear and hence both these housing categories are also being developed now. Anyone who plans to invest in houses and flats in Gurgaon can now do so for long term profits. The demand for houses in the city is considered to be sustainable and is expected to grow at a nominal rate for many years to come.

How To Search For Houses In Gurgaon?

Anyone planning to invest in the city of Gurgaon can now use property portal to find houses as well as home loans. The portal offers services for both. The house search feature however is more prominent because this is where most of the buyers need help. The portal has come up with innovative ways to help end users find properties. The map based search feature – for example- allows one to choose a locality- and then find a house. The verified listings and other similar features have led to the effective search of houses online. the portal allows short listing and rejecting houses online only; thereby saving time and efforts.

In Conclusion

Property portal has become one of the most potent sources for online property search today.

Continue Reading

Recent Posts

Health2 days ago

3 Things You Need To Be Doing To Look After Your Teeth

Many people don’t prioritise looking after their teeth, however it is so important as we only get one adult set...

Autos5 days ago

Car Care and Checklist for Road Trip

Are you planning a road trip across Australia? If you are, you must know that you couldn’t have chosen a...

Home Improvement1 week ago

Interior Design Secrets For Your Living Space

Interior design is not something that comes naturally to the majority of us. Figuring out how to pull a room...

How to Make SEO Work For You and Your Business How to Make SEO Work For You and Your Business
Business1 week ago

Office Building Maintenance You’ll Need To Take Care Of

Like other buildings, office buildings need to be well-maintained so that they are safe, comfortable, and pleasing aesthetically. To accomplish...

Lifestyle2 weeks ago

Text Messages Vs Sexting Apps – What is best for fun?

It’s no secret that sexting has become a popular way for people to get their kicks. But what’s the best...

Picture of Nike High Top Trainer Picture of Nike High Top Trainer
Lifestyle3 weeks ago

Hottest Trainer Brands for 2023

It’s time to update your wardrobe! As we get closer to 2023, it’s time to get the freshest fashion trends....

Lifestyle1 month ago

How To Have Great Personal Hygiene

Personal hygiene should be a basic practice of everyone’s routine. Feeling healthy and clean is a direct response to great...

Business1 month ago

Protecting Yourself From Scams

As the world becomes more digital, unfortunately many people are using this as a way to scam hard-working people. There...

Marketing2 months ago

Marketing Tips For A Gym Wear Brand

When starting a gym wear brand, there are a few things you need to do and one of them is...

Business3 months ago

Why Is Quantity Surveying Essential in Construction Industry

Quantity surveying is an essential part of the Australian construction industry. It is the process of calculating and estimating the...

Home Improvement3 months ago

How to Maintain Upholstered Furniture

No matter if you have pets or kids, maintaining your upholstered furniture is quite a challenge. Even though vacuuming it...

Business3 months ago

How Do I Find a Good Developer?

Finding a good bubble developer to help build your app or digital product can seem challenging. How can you choose...

Home Improvement3 months ago

When is a right time for home repairs?

Summer is a popular time for a renovation around the globe. While it is true that bright days and warm...

Top Alteryx Competitors Top Alteryx Competitors
Tech4 months ago

Top 15 Alteryx Competitors

The world has seen a tremendous rise in startups and new incorporations in the business world. Companies have great potential...

Lifestyle4 months ago

Latest Wedding Trends for 2023

If you’re planning on getting married this year, chances are you’re probably overwhelmed and confused when it comes to wedding...