文章基本信息

标题：Real Estate in Gurgaon: Opportunity and Challenges
本地全文：下载
作者：Rajeev Gupta
期刊名称：International Journal of Management and Business Studies
印刷版ISSN：2231-2463
电子版ISSN：2230-9519
出版年度：2012
卷号：2
期号：4
出版社：Cosmic Journals
摘要：Extensi ve urbanization and in dustrial g ro wth have resu lted increase in Gurgaon's population in thelast 10 years. The growth could have been because of the migration of people from Delhi due to availability of affordable housing in the city in comparison to the national capital. There has also been a significant migration of working population from the nearby districts because of job opportunities that Gurgaon offers.When Gurg aon start ed coming up, the Hary ana government attracted massi ve inv estment from forei gn com pan ies and developers, both of whom saw great potential in land that was close enough to the capital, but not so close that it would be part of its crowded dinginess and rising real estate.As one would expect, the builders and retailers are still optimistic. It was inevitable, due to factors such as the change in government and even the season. Right now, weak investors are getting panicky and pulling out; as soon as these filter out, the market will rise again and prices will stabilize. Unrealistic highs have become stagnant. Now we're seeing the real investors, people who will actually move in to these flats. There's not as much speculating.Gurgaon, located about 15 miles south of the national capital, New Delhi, would seem to have everything, except consider what it does not have: a functioning citywide sewer or drainage system; reliable electricity or water; and public sidewalks, adequate parking, decent roads or any citywide system of public transportation. Garbage is still regularly tossed in empty lots by the side of the road.The ongoing water and power crises in the rural as well as urb an areas are soon reaching a flashpoint, jolting the civic agencies and turning into a law and order problem in Gurgaon district.Trading is one of the reasons for the rise in prices. Many builders have stepped in the realty sector and they are buying old houses, renovating them and selling them off at a huge profit. Across the length and breadth of India, real estate prices are skyrocketing, as NRIs and foreign firms fuel the demand of residential and business space. Land owners are entering in to collaboration with the developers who are capable of obtaining sanction, land use conversions and having expertise in constructions [1-2].