Property in Gurgaon : an overview




flats in gurgaon

 Gurgaon, a city in Haryana situated towards the southwest of Delhi, is one of the fastest growing urban areas in India. Once a sparsely populated area, Gurgaon today is one of the most prosperous cities in India. Over half of the Fortune 500 companies have offices here. Gurgaon is known as the Singapore of India and Indias Private City. Gurgaon has the highest literacy rate in Haryana, at 84.7 per cent. The per capita income in Gurgaon is the third highest in India. Much of Gurgaons growth was since its administrative split with neighbouring Faridabad, a city which was once more prosperous and better served by civic infrastructure and transportation networks. Connectivity to Delhi, proximity to the Indira Gandhi International Airport, the formation of Maruti Suzukis manufacturing plant in the late 70s are believed to be major factors behind the growth of Gurgaon. 
In summers, temperature in Gurgaon often crosses 43 degree Celsius, and in winters, it often averages 3 Degree Celsius at its extreme. The weather in Gurgaon is humid in summer and cold in winter. 

 Property in Gurgaon

Gurgaon has Indias first private fire station and Indias first privately financed metro, the rapid metro in Gurgaon that was built by DLF and Infrastructure Leasing and Financial Services Limited (IL&FS). Gurgaon has private sewage collectors and private provision of water and electricity. 
Gurgaon does not have a public citywide sewage system, water system or city-wide public transport networks. But, according to the Ministry of Urban Development, Gurgaons performance in providing sanitation to its residents is above national standards, and much above that of comparable cities like adjacent Faridabad. Even though power supply often fails in Gurgaon, when compared to the rest of India, its performance is still impressive. Gurgaon has some of the best roads in India, such as the Delhi-Gurgaon Expressway. Even though Gurgaon has a metro connectivity, metro lines do not extend to most parts of Gurgaon. 
The Hero Honda Chowk Flyover is under-construction. The Dwarka Expressway, a highway which is built under a private-public partnership, is under-construction and is likely to be completed in the near future. The Dwarka Expressway is likely to link Gurgaon'srapid metro system with the expressway. The Rapid Metro is likely to extend to the Golf Course Extension Road in the near future. If bus rapid transit becomes operational on the northern peripheral road in Gurgaon, more developable urban land will be available. Real estate prices in Gurgaon are likely to rise when these infrastructure projects are completed. 

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