THE NEW DESTINATIN IN REALTY SECTOR :BADSHAPUR (Sohna Road)

The fact that the Eastern part of Gurgaon has reached saturation point in the realty sector, its expansion on the Sohna road, particularly in the Badshapur area has emerged as a bright spot in the realty map.  A number of renowned and celebrated builders have adopted the area for housing and commercial construction.

With the availability of land in abundance for the construction of residential and commercial development has attracted builders such an Ansal, Prasavnath, Tulip Infratech, etc who have transformed the geophysical structure of the area.  The Master Plan 2025 for gurgaon/Badshapur has opened up vast opportunities for the builders for real estate development, resultantly, the realty sector activities have ensued a competition of high magnitude.

The realty sector, particularly in Gurgaon and NCR looking for a bright light as the State Bank of India (SBI) has decided to reduce home loan rates which are likely to trigger a boom in the sector.  As the interest rate gets slackened, it may attract home buyers in a big way. SBI has cut by 0.60 percentage point that has reduced the interest rates by 10.25 per cent (10.50 percent earlier) on a home loan up to Rs. 30Lakh.

As the global economy is still displaying a downward trend particularly in US which is struggling to revive its growth in economy besides several European countries are facing serious bottlenecks in regard to sovereign debt, consequently, the realty sector in India is also not faring well. The SBI has come-out with timely and appropriate health boosting tonic, it is sure to generate demands for the construction of houses and commercial establishment.

“The location advantage of Badshapur area, that is located near NH 8, 20 KMts from Indira Gandhi international airport, close proximity to National Capital (Delhi), etc have made the area the new boom Gurgaon,” observed Praveen Jain the young and promising CMD, Tulip Group.

Actually, Tulip has grabbed initial opportunity by initiating about 10 plus projects including condominiums, luxury Vilas, Bedrooms, having eco-friendly flooring. Besides, Greenery all around, security for 24/7, provisional stores within the premises, ceramic tiles are being used in the flooring kitchen is enriched with pans, bowls, modules along with chimney, etc marks the up-coming houses in sectors in 69/ 70 sectors near Badshapur, Gurgaon.

“The Ivory Villas, when opened for display to the buyers and prospective grabbers, investors and end-users attracted large buyers who had shown deep interest. The luxurious Villas have, undoubtedly, all the modern facilities including a terrace, green space, round the clock parking, power and water supply. The Villas have adequate space for vehicle parking in its basement,” disclosed Praveen Jain.

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