Business Opportunity Site

Stricken by the acute shortage of power, and dismal state of social infrastructure Gurgaon hardly possess the quality of being a Millennium City. This so-called ‘Singapore of India’ suffers power cuts of 10-16 hours day on day and believe it, it’s a routine at least for the past three years.

The city may be a haven for real estate developers who built a multi-billion dollar empire out of Gurgaon but situation for the one who made Gurgaon his home is exactly the opposite. Most residents who bought the property at sky-high prices just because they wanted to live in peace, away from the hassles of Delhi, are now regretting over their decision.

While the services sector goes zip zap zoom in India, the impact is visibly there on the commercial leasing in Gurgaon, which is by far country’s hub in the services sector. Interestingly, the city is not just dominated by IT and ITeS and the banking and finance industry is gradually coming up as a major propeller in the real estate market of Gurgaon.

According to property agents in Gurgaon, the local economy of the city is booming like anything owing to its gigantic corporate base and that’s why banks and financial institutions are finding the Gurgaon marketplace as a potential opportunity.