flats in gurgaon



flats in gurgaon

Real estate prices in Gurgaon have risen much since the 90s. Office space absorption in Gurgaon is among the highest in India. Unlike many other large Indian cities, the residential real estate markets in Gurgaon tends to be investor driven. Quicker land acquisition, norms favorable to real estate development, availability of large tracts of land are major reasons why Gurgaons real estate industry is strong. Even though property in Gurgaon has become attractive in the past two decades, in the recent past, demand has not been high, as it is in other Indian cities. Housing in Gurgaon is affordable when compared to large cities like Delhi and Mumbai. 
Sohna Road is an emerging real estate destination which is now known as South Gurgaon. When the ongoing and proposed infrastructure projects in Gurgaon are completed, the Dwarka Expressway is likely to be one real estate destination where real estate prices will rise substantially. The Gold Course Road and the Golf Course Extension Road are another two real estate destinations where infrastructure is good and developing. New Gurgaon is an area which is linked to the NH-8, and is well connected to regions like Manesar. Reputed developers are involved in building projects in New Gurgaon. 

 Real estate and construction

 The Municipal Corporation of Gurgaon collects property taxes in the city. You can pay your property tax online, if you live in Gurgaon. In Gurgaon, house tax is calculated according to the value of the property (annual value of the property if it is rented out), area of the property, whether it is commercial or residential or industrial, and similar factors. There are rebates for defense personnel, former servicemen, war widows, widows of freedom fighters, etc. There are rebates for home owners who pay property tax early. Religious properties are completed exempted from property tax payment. The Stamp Duty is six per cent if the Sale Deed is executed in the name of men, five per cent if executed in the name of women, and five per cent if it is jointly in the name of a man and his female partner.

 property in gurgaon

 Gurgaon once had largely barren, thinly populated land. Gurgaons population, according to the 2011 Census was 1.5 million people. But, Gurgaons population was merely 1, 21,000 in 1991 and 8, 70,000 in 2011. The rise in population in Gurgaon in the past two decades was tremendous. As Gurgaon was once thinly populated, it was not considered an urban area by the Indian government. Jamshedpur in Jharkhand is the only Indian city which lacks an urban local authority today, despite having a population over a million, like Gurgaon did, till 2008. Men-women ratio in Gurgaon is much higher than in other Indian cities, but many attribute this to migration of male professionals to the city. 

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