| | | | | property and rather take interest in renting one |
| Gurgaon has emerged as one of the fast | | | | for their commercial purposes. |
| developing centres for some of the major | | | | The requirement of office space is growing very |
| corporate houses and multinational companies | | | | fast for commercial purposes. The sudden rise in |
| (MNCs) in the last two-three years. In addition | | | | the arrival of corporate executives from every |
| fuelling the urgent demand for commercial spaces | | | | part of the country to work in these |
| for official purposes, the large flowing of | | | | organizations has made the availability of houses |
| corporate executives and expatriates into the city | | | | for rent necessary. Most of these executives do |
| has opened the new door for rental houses. | | | | not feel interested in buying residential houses for |
| These residential properties for rentals are mostly | | | | the reason that their stay in the city is only |
| targeted for high-end corporatists and consumers | | | | temporary. In addition to it, there are |
| who choose the independent houses either on | | | | professionals and expatriates who often pay a |
| corporate leases or in keeping pace to their living | | | | visit to the city for various commercial and |
| status. | | | | business purposes and thus requirement for rental |
| The luxury home section is another high demand | | | | houses is quite obvious. |
| section for rental homes in Gurgaon that include | | | | The demand for rental properties in Gurgaon is in |
| villas, condominiums and penthouses. These | | | | high demand nowadays. These properties are |
| appealing independent houses come in with various | | | | available in various specifications, such as |
| facilities, including Italian marble floors, Jacuzzis, | | | | condominiums, independent houses, penthouses, |
| shower cubicles, personal elevators, gyms, | | | | villas et cetera. And demand for these properties |
| car-parking areas, saunas and swimming pools as | | | | always comes from companies, expatriates and |
| well. Additionally, the rental houses contain the | | | | high net-assets individuals who continue to drive |
| special atmosphere to give the inmates the filling | | | | the rental market for independent houses in prime |
| of five-star luxury. | | | | areas of Gurgaon. There is still limited supply of |
| Gurgaon has also emerged as a hub for | | | | good housing and thus landlords are tending to |
| information technology (IT) and business process | | | | attract tenants who pay high rent. There are |
| outsourcing (BPO) activities and therefore, most | | | | reports which suggest that Gurgaon witnessed an |
| of the big corporate houses of India and abroad | | | | appreciation of more than 30 per cent in rental |
| have established or are in the process of | | | | value of independent houses. Another main reason |
| establishing their branch offices and main offices. | | | | for the hike in the capital and rental value is the |
| Some of these organizations feel reluctant to own | | | | soon-to-be-operated Metro rail in the city. |