A New Era in Real Estate: The Impact of Real Estate Company in Delhi NCR on Gurgaon and Faridabad
Faridabad and the millennium city of Gurgaon have
successfully been forged and established as forces to be reckoned with. Their
social and physical infrastructure has improved at a fiercely rapid pace, and
they are at the helm of NCR’s barrage to greatness. Though the realty arena of
the entire nation has been struggling a tad bit, the Real Estate in Gurgaon and
Real Estate in Faridabad has not witnessed much turbulence. But out of nowhere,
the realty sector of the cities has received a massive boost. The face of
Gurgaon and Faridabad will never be the same again.
Merely a few days ago, the mighty Punjab and Haryana High
Court took an unpredictable but right decision. It overturned the stay on the
issuance of CLU, i.e., change of land use, to realty builders in order to
develop state-of-the-art commercial and residential projects. The stay had
hampered the growth prospects of the region in the recent past, but things seem
to be on a better track now. The mighty blow was initially delivered way back
in January 2014, and the stay had been kept right until now. The Haryana
government was asked not to issue CLU approvals to any developer whatsoever,
along with a stop on the acquisition of land after listening to a petition that
alleged unregulated construction in these parts of NCR. The vibrant government
of Haryana argued fiercely in front of the High Court that it is not at all
necessary for Haryana to seek any approvals whatsoever from the NCRPB (National
Capital Region Planning Board) related to the issuance of change of land use
licenses. They stated that the reason behind it is the fact that the state has
already prepared a strategic sub-regional plan for the entire NCR area, which
is in conformity with the reasonable observations of the planning board.
The state government’s hard work finally paid off when, on
Monday, 20th April 2015, the High Court, in a highly anticipated and
much-needed move, lifted the ban on granting CLU licenses. As a result, the two
cities will be put on a fast track to growth. This decision has been welcomed
by all real
estate in Faridabad developers without exception, and a wide smile
has spread on their otherwise unhappy faces. The entire landscape of Gurgaon
and Faridabad will change for the better, as more cutting-edge and world-class
commercial and residential projects will take off due to this groundbreaking
decision. The two juggernauts of Haryana are on a barrage impossible to stop.
Their real estate markets are especially on their way toward a boom of epic
proportions. Thus, there is no time like today to explore these wonderful cities.
End users can and should look for their dream homes here while investors should
invest immediately to avail high return on investment prospects. With the
assistance of a Real Estate Consultant, navigating the Real Estate in Gurgaon
and Real Estate in Faridabad markets will become more efficient, ensuring that
everyone can seize the opportunities these booming regions offer. Additionally,
reputable Real Estate Companies in
Delhi NCR are ready to guide you through this thriving market,
helping you make informed decisions.
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