May 29, 2024

Jocuri

Mad about real estate

Integrated Township Spells Success for Gurgaon Real Estate

Gurgaon real estate segment has always been a trendsetter for other cities. Gurgaon was one of the first cities to have organised retail segment as sprawling shopping malls. Along came the plotted development and now integrated township is becoming popular there.

Private property developers like DLF, Unitech, Vipul, Vatika, JMD, Omaxe, Parsvnath, Suncity Projects Ltd. are pushing the concept of integrated township where one can just walk to his workspace, urban living and leisure spaces.

These property developments have been received very well by the property seekers in Gurgaon. Home seeker as well as the corporate firms, almost every body wants to buy property in integrated townships. Such townships also boost the local infrastructure. In the first phase, MG Road benefited in terms of infrastructure and development.

Many property developers, who bought land banks near this road, benefited from its transport link. Property prices for their projects rose beyond imagination. In fact occupancy rates, residential or commercial property, increased manifold because of these properties are located strategically on the arterial road.

Now, many property builders are trying a similar formula for properties on Sohna Road, Golf Course Road and Palam Vihar. These areas have sprawling shopping malls and now property developers are building commercial and residential property around these malls. Thus, organised retailing is pushing the demand for integrated townships, and this impacting the property prices as well.

Now, many property builders are trying a similar formula for properties on Sohna Road, Golf Course Road and Palam Vihar. These areas have sprawling shopping malls and now property developers are building commercial and residential property around these malls. Thus, organised retailing is pushing the demand for integrated townships, and this impacting the property prices as well.