Released on: May 5, 2008, 4:06 am

Press Release Author: George Gonigal

Industry: Real Estate

Press Release Summary: With as many as 52 SEZs approved, Gurgaon real estate is
expecting an age of transformation in the coming years. A huge number of quality
manpower is expected to settle down in the city with scores of job opportunities to
be generated soon.

Press Release Body: With as many as 52 SEZs approved, Gurgaon real estate is
expecting an age of transformation in the coming years. A huge number of quality
manpower is expected to settle down in the city with scores of job opportunities to
be generated soon.

Nevertheless, as per official claims, these SEZs in Gurgaon would generate over 20
lakh jobs in Gurgaon alone. While some of these duty-free enclaves will be quite
big, a majority of them will be small.

Official records further show that out of the approved SEZs in Haryana state, 24 are
situated in Gurgaon, and of another 28 which have got in principle approval, 18 are
in Gurgaon.

Out of another 21 SEZs seeking approval, 10 are in Gurgaon. Significantly, only five
SEZs are in the category of multi products/services while 36 belong to IT/ITES.

Emerging Picture

Property values in Gurgaon have already gone up by several folds due to its booming
local economies driven by IT and ITeS sector. According to Rajendra Parashar, a
property dealer from Gurgaon, \"Demand for commercial and residential properties is
likely to spike up in the next couple of years and the big real estate developers
are launching several residential projects in the city because they are of a view
that the property values in Gurgaon are going to increase sooner or later\".

The rental segment will be especially benefited as a large number of corporate
executives, who would come to the city, would search for residential properties on
rent.

Due to the raging growth of IT and ITeS companies and with many big names initiating
their projects in Gurgaon, the real estate picture of the region is bound to be of
attracting surveillance.

Notably, Reliance Industries Ltd is setting up India\'s largest Special Economic Zone
in Gurgaon (SEZ), which is projected to spawn up the turnover of Rs 50,000 crore in
the very first year of operation. The company has forged an alliance with Haryana
State Industrial Development Corporation.

Developer interest

Real estate developer DLF has been given a nod to set a multi-product SEZ in Gurgaon
on 20,000 acres of land. The company also proposes to demarcate a \"free trade zone\"
within the processing area of the SEZ, which would lay emphasis on trading of goods
and commodities manufactured within the SEZ, and the service sector, including BPOs,
IT and ITES companies.

For more details on Gurgaon Properties log on to
http://property.magicbricks.com/newproperty/locality/propertyrates-NCR-Gur.html

Web Site:
http://property.magicbricks.com/newproperty/locality/propertyrates-NCR-Gur.html

Contact Details: george.gonigal@gmail.com