New bill may see more corporates shifting to Noida from Gurugram: Real Estate Experts

                     The Haryana government’s law holding 75% of private-sector jobs with a monthly payment of up to Rs 50,000 for people of the state will affect Gurugram’s real estate sector and stimulate the trend of companies moving to Noida due to high expenses, industry experts said.

                            The law will assume both office space and residential property in the Gurugram market, which had started showing indications of a comeback after being hit by the Covid-19 pandemic, according to real estate developers and international property experts.

                                            Noida had reached Gurugram in terms of share of office space leasing in the National Capital Region in the past few months and is set to increase removed following the transit by the Haryana government.

                                                                Many cities in India increased due to highly talented and hard-working newcomers. The growing trend of having a reservation for residence workers in private organizations can severely impact residential and commercial sector real estate growth in many cities of India.

                          Though the jury will ultimately decide on the constitutionality of such a bill, such projects may seriously mark ease of doing business in India. It can affect foreign direct investments in sectors like IT and also the government’s policies of ‘one nation, one market’ get questioned.