The impact of Gurugram’s real estate growth on employment and economic development
The location of any business is far more important than, say, the size or the interior of the shop. The reason is obvious — it is the place that is more likely to be frequented by the people than, say, a place that might be good otherwise but does not have anything attractive for the people.
A larger footfall means larger sales and thereby larger profits. There is something about Gurgaon which attracts people to it and no wonder it has become an economic hub, generating more revenue for the government than many other cities put together. Indeed Gurgaon has left behind other townships in the NCR like Faridabad when it comes to business prospects and employment opportunities. It was once a village of the Guru, hence the name guru gram or the village of the teacher, but over the years it became Gurgaon which means the village of jaggery has spread its sweetness all around.
In its modern-day avatar, Gurgaon — the Millennium City — has witnessed an astonishing transformation over the past few decades, with an array of shopping malls and shopping arcades, offices of multinational firms and recreational centres from multiplexes to clubs and sports complexes. It has now emerged as one of India’s most prominent financial and technology hubs. The rapid growth of Gurgaon’s real estate sector has played a significant role in employing its residents and even people from far and wide, thanks to its economic opportunities.
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Gurgaon’s real estate boom which translated into its commercial success can be attributed to several factors. Firstly, its proximity to the national capital, Delhi. Since Gurgaon is very close to Delhi it has become the first choice for
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