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Gurgaon: The much awaited
Gurgaon Master Plan 2021 is bringing high hopes for residents of the
fast flourishing cyber city, Gurgaon. It paves the way for 14,930
hectares land for residential and 1,404 hectares of land for
commercial development. This will undoubtedly be a step forward in the
direction of real estate development in Gurgaon. Moreover,
the new supply could be good news for the middle class as the prices of
apartments are expected to slip down to 2,000 – 2,500 per sq ft.
whereas they were earlier available for no less than Rs 2,700 per sq ft,
says sources. Property rates in some newly developed sectors
of Gurgaon will be at least 30-40% lower than in existing sectors. |
