Gurgaon most attractive property destination in NCR: Survey

The PHD Chamber of Commerce and Industry (PHDCCI) said that Gurgaon has emerged as the most attractive destination for real estate investment in the national capital region (NCR). “Gurgaon is followed by Delhi, Noida, Faridabad and Alwar,” according to a recent study on ‘Determinants of real estate: A survey of Delhi NCR’ conducted by PHDCCI. In the list of top 10 real estate investment destinations, Ghaziabad is at sixth position followed by Panipat, Meerut, Sonepat and Rewari. "Good transport connectivity, existence of employment opportunities and availability of social infrastructure including schools, colleges, hospitals, etc have made these destinations attractive for real estate investments,: a report said. Metro construction has not only boosted investment sentiments but also resulted in increase in nearby property prices, it added. Price is the most important factor while considering investment in real estate. The main reason for buying properties in the Delhi NCR is for residential purpose, followed by investment purpose.