As recently as fifteen years ago, much of Gurgaon was barren
agricultural land, where today one can see a metro line being constructed, at
the turn of the century one would have seen fields with little or no crops and
few if any buildings. The Golf Course Road today is a prime real estate
destination today, where once there was barren land, today there are luxury
high rise apartments. Such has been the advent of development in Gurgaon and
the commensurate rise in the price of property
in Gurgaon too has been breathtaking.
All this rapid progress has not been lost on the older residents
of Gurgaon, people who lived in Gurgaon when it still a village marvel at the
transformation that has occurred in the city and some lament not having been
prudent enough to take advantage of the transformation which in hindsight seems
to have been inevitable. The rising value of flats in Gurgaon has changed the fortunes of families who bought
them more than two decades ago, such families may never have anticipated the
extent of their good fortune when they bought their home; today many such
families have been able to send their children overseas to study using their
home as collateral for a student loan. Such a struck of good luck would may
never have befallen them had they not bought flats in Gurgaon at a time when the region’s future as a real
estate destination was more certain.
The rapid change in The Millennium City has not been lost even on
those who only visit here sporadically. Americans and Europeans who have been
undertaking business trips to the region for decades comment favorably on the
transformation they have witnessed in Gurgaon over the years. Such
business travelers who often mingle at the best hotels in the city; the price
of property in Gurgaon is often
the subject of discussion, as is their feeling of disappointment at their
inability to have partaken in the good fortunes of the city.
Many of those today who own Residential
projects in Gurgaon have in effect created something that shall
endure for generations with their families. The properties they own shall most
likely serve their children well in the future not only as a residence but also
as an instrument to borrow money should the need ever arise. In effect the
people who bought flats
in Gurgaon have created wealth for their children and grandchildren,
selling such residences may one day elicit the same stigma as that experienced
by a village land owner forced to part with his land.
Another advantage of owing property
in Gurgaon is simply the great opportunity Gurgaon offers to those who
dwell here. Some of the best schools in the country are in Gurgaon and across
the border in Delhi can be found the best colleges and universities in India.
Living here a family can prosper for generations to come.
No one can have foresight about the future all the time and what
holds true in one instance may not necessarily be repeated in another, however
as much of the property in Gurgaon
has changed the fortunes of many families in the country making them more
prosperous and perhaps even happier, so too there may be likely others parts of
the country that have the potential to transform the lives of others. However
being prescient of such localities and regions is a difficult game and leads
many to misjudge and err.
