Property for rent in Sector 24 Gurgaon

A look at five highly expensive localities in the national capital region and what makes them worth it.

After Delhi, the illegal constructions in Gurgaon has come under the scanner of civic authorities as major drives are being conducted across the town to remove squatters and encroachments from the streets and the residential colonies. In a recent move, three enforcement teams from the Municipal Corporation of Gurgaon (MCG) removed illegal occupants from 11 areas in the city which includes Sadar Bazaar, Jacobpura, Rajiv Chowk, Sohna Road, Subhash Chowk, Tikri village, sectors 40, 44, 45, Silokhra and Sikanderpur. These encroachments were also causing congestion on arterial roads.

Noida and Ghaziabad crossed the 300 mark as particulate matter-10 (PM10) levels touched a high on March 28. The situation was likely to prevail in the days to come, said experts.  According to another report by the Uttar Pradesh Pollution Control Board, six cities in India’s most populous state have nearly four times the PM10 level against the permissible limit. In this list of 24 cities where an air quality check was conducted in February, Ghaziabad leads this pack while Lucknow and Kanpur are listed at the second and third place, respectively.  Noida occupies the fourth place.

In a move that is likely to help authorities meet the twin objectives of generating more revenues and equalising the differences in rates in various sectors, the Gurgaon district administration has hiked circle rates by up to 20 per cent, for the second time in two months. The revised circle rates come into effect from April 9. It was on February 12 when circles rates were revised in Gurgaon after a gap of four years.

Masala bonds are offered and settled in the US dollars to raise Indian currency from global investors for infrastructure development to be undertaken in India. It, therefore, is beneficial for offshore investors who are looking at an exposure in Indian assets. With housing finance companies issuing masala bonds, revival for real estate may be on the cards.