Sales volumes for possessions at Gurgaon further went down along with new unit launches were restricted in town.

Further, demonetization at the end of 2016 further influenced developers in Gurgaon such as in the rest of the nation. There was stability noticed in quoted prices and reductions were available, but people stayed away from purchasing residential apartments in Gurgaon. Gurgaon saw a fall in investment in the residential properties as property buyers, a lot of whom were primary end consumers were on the lookout for ready-to-move-in flats and were wary of guarantees of future infrastructure or property. Overall, Gurgaon’s economy saw a great dip recently.

This newly-granted infrastructure standing also makes accessible cheaper financing options from real estate contractors that can...