THE AVAILABILITY OF LAND PARCELS FOR RESIDENTIAL AND COMMERCIAL Development IS ONE OF THE MAIN Factors Driving Development IN THIS LOCATION
Gurgaon-Pataudi Road seems an obvious choice as the increasing demand for housing in Gurgaon has led builders to seek new localities that could serve as sites for affordable housing.
Located at the foothills of the Aravali hills, property in Pataudi Road is set to emerge as another axis of industrial and commercial development. The availability of land parcels for residential and commercial development is one of the main factors driving development in this location.
Before Independence, it was a princely state, which was ruled by nawabs. With the rise in demand for housing, Pataudi (along Gurgaon-Pataudi Road) has today become a cluster of real estate development and industrial set-ups.
The Gurgaon-Jaipur Expressway (part of NH-8) has a significant impact on the developments on Pataudi Road. Pataudi Road would be an ideal residential destination at sniffing distance. It is widely expected that the projects along Pataudi Road will have a capital appreciation of around 15-20 %, depending on the projects and their locations.
This scenario is supported by the demographics of the city,where a large influx of well-paid professionals pour in every year, which translates into a strong demand for housing in peripheral areas.
Clearly,the walk-to-work concept is in.The demand also comes from people who want a second home,either for spending their weekends,or for renting out.The NRIs also account for a large portion of the demand.In several high-end complexes,corporate houses have bought apartments in bulk for the use of their senior executives.The biggest strength of Pataudi Road projects comes from the massive employment opportunity available within a radius of 10-15 km.
Source: timesofindia.com article
Gurgaon-Pataudi Road seems an obvious choice as the increasing demand for housing in Gurgaon has led builders to seek new localities that could serve as sites for affordable housing.
Located at the foothills of the Aravali hills, property in Pataudi Road is set to emerge as another axis of industrial and commercial development. The availability of land parcels for residential and commercial development is one of the main factors driving development in this location.
Before Independence, it was a princely state, which was ruled by nawabs. With the rise in demand for housing, Pataudi (along Gurgaon-Pataudi Road) has today become a cluster of real estate development and industrial set-ups.
The Gurgaon-Jaipur Expressway (part of NH-8) has a significant impact on the developments on Pataudi Road. Pataudi Road would be an ideal residential destination at sniffing distance. It is widely expected that the projects along Pataudi Road will have a capital appreciation of around 15-20 %, depending on the projects and their locations.
This scenario is supported by the demographics of the city,where a large influx of well-paid professionals pour in every year, which translates into a strong demand for housing in peripheral areas.
Clearly,the walk-to-work concept is in.The demand also comes from people who want a second home,either for spending their weekends,or for renting out.The NRIs also account for a large portion of the demand.In several high-end complexes,corporate houses have bought apartments in bulk for the use of their senior executives.The biggest strength of Pataudi Road projects comes from the massive employment opportunity available within a radius of 10-15 km.
Source: timesofindia.com article
