Coming from a humble background of being a small, dusty agricultural town in Haryana, Gurgaon has achieved the pinnacle of success as a fast rising new age city. Pioneering the “Call-Centre” culture in India, Gurgaon in the last 15 years has fast risen to be the Millennium City of India. Today, Gurgaon houses more than 50% of NCR’s Fortune 500 companies. Packed with white-collar job opportunities and a high income growth rate, Gurgaon has steadied and stabilised its reputation of having an investor friendly level-playing field. With steady investment and assured land-appreciation policies, the city has seen unprecedented real estate and IT sector boom. Even as other cities and states of India have witnessed a dry-period during the recent slump in the global economy, it has remained more or less one of the reliable high-return zones.
With several sprawling malls and some of the finest hospitality chains in the world and many global conglomerates opening their offices here, Gurgaon’s real estate market has succeeded in hogging the limelight and getting investors and financers’ attention alike. Gurgaon has also cashed in its geographical closeness to Delhi. Located just 32 km south-west of New Delhi, Gurgaon had an undue advantage over other regions in NCR of becoming a financial and retail hub. Thanks to former Chief Minister O. P. Chautala, who preferred Gurgaon over Faridabad and did everything he could to develop the former during his rule from 1999 to 2005, the city hasn’t looked back.