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.