With various Multinational Companies eyeing Gurgaon for their office space, there has been a shift of working population in Gurgaon, which has led to an increase in the demand for residential flats in Gurgaon. People working in these MNCs prefer to stay nearby (in Gurgaon or Manesar) to reduce the commute time. Due to an increase in demand for property in Gurgaon, cost of flats in Gurgaon has gone up tremendously in recent years. This has led to coming up of the concept of Affordable housing & Affordable Apartments in Gurgaon.
Many Real Estate developers of Gurgaon launched Affordable flats in Gurgaon which are available at an affordable price but offer no/limited parking in the society, limited open area and no club and no/limited amenities. On the other hand, DPL Homes and other residential projects in Dharuhera offers flats in the same price range with large open and green Area, a club with various amenities and ample parking space for each flat owner in the society. This makes apartments in Dharuhera and Bhiwadi a better option for people who are looking for affordable housing & Affordable Apartments in Gurgaon.
Another reason that has caused an increase in the price of property in Gurgaon is an increase in the prices of property in Delhi. As property prices in Delhi increased, it expanded to Gurgaon, i.e., people working in Delhi started moving to Gurgaon in search of flats at a reasonable price. Similarly, as cost property in Gurgaon is rocketing, it is expanding to nearby areas like New Gurgaon and Dharuhera, i.e., people are moving to these areas (New Gurgaon and Dharuhera) in search of cheaper flats.
Besides this, what makes Residential property in Gurgaon a preferable choice is cleaner and pollution-free air. Pollution in Delhi has increased in recent years, which has also made people move to Gurgaon and also areas beyond that like Manesar and Dharuhera, where there is even lesser pollution.
This also makes flats in Dharuhera and neighboring areas like Bhiwadi give tough competition to Affordable housing in Gurgaon, as they have lesser pollution, cleaner air and offer apartments at a cheaper rate and with more amenities and open area.
Besides the end user, flats in Gurgaon and areas beyond that like Manesar and Dharuhera, have also become a foremost choice for investors. Property prices in these areas are expected to rise further in coming future with the completion of RRTS (Regional Rapid Transit System) and KMP (Kundli-Manesar-Palwal) Expressway that would increase the connectivity of these areas with Gurgaon and Delhi.