Among the reasons that have triggered the upward trend in the property market, the presence of a host of multinational corporate units in Gurgaon in the recent times assumes paramount significance. In the corporate hub one can find a number of IT and BPO companies that have opened shops recently. This phenomenon ensued as a sequel to the liberalization of the economic policy by the Government of India in the backdrop of globalization. In tune with the growth in the corporate sector, a host of ancillary businesses and institutions like hotels, restaurants, public schools, engineering colleges and management institutes, etc. have come up in the locality. As a result, an unexpected demand for residential and commercial properties is felt nowadays. This upward trend is ongoing and is expected to stay on.
