|Raheja Gurgao - http://www.ptinews.com/pressrelease/15830_press-subRaheja-Developers-Finally-Corrects-the-Real-Estate-Prices-by-Selling---Rs-2500---Per-Sq-Ft-and-Created-a-Milestone-in-Property-Pricing|
At the prime location of Sohna road, the south Gurgaon, Raheja developers has launched independent floors in their smart green township with the affordable prices of Rs. 2500/- Per. Sq. ft. The developer has collaborated with L&T for completing the infrastructure for the township.
At the end of 2007, the prices of real estate properties in Gurgaon were not less than Rs. 4000/- per sq.ft. It was a state of surprise for all the developers and investors when Raheja Developers introduced the slashed prices of property at Rs. 2275/- per sq. ft. Those were the times when prices of apartments reached the blatant amount of Rs. 12000/- per sq. ft. After the recession, the real estate sector reached in the great depression and property rates are now hardly Rs. 5000-7000 approx. per sq. ft. It is noticeable that all the property prices are decided by the actual users.
According to the CMD of Raheja Developers, Mr. Navin M Raheja “Our motto is clear, to provide the best townships to the buyers and create a long term relationship with our investors, we have been trying to regulate the prices of our properties through less profit margin and more customer centric services”. Due to the advancement of real estate sector in Sohna Gurgaon, Sohna road has already developed state highway which is being further expanded into an eight-lane expressway.