Gurgaon: A Fast-growing & Hottest Market for Real Estate Investors with Plenty of Opportunities
March 10,2023 in Property Guide
Gurgaon, officially known as Gurugram, is the country’s second-largest information technology hub. It is situated on the Delhi-Haryana border and is one of the major satellite cities of India. The city also happens to be the third-largest banking and financial hub in the country. Interestingly, Gurgaon is also home to India’s largest medical tourism industry. Over the decades, Gurgaon has emerged as a fast-growing market for real estate investors. Due to its proximity to Delhi and easy connectivity to other major cities in the country, it is a much sought-after destination for the real estate industry.
Gurgaon: A promising real estate destination in India:Gurgaon has been a major realty hotspot destination for several years now. The credit for this prominence goes to the corridors that connect it seamlessly with other cities in the country. This primary factor makes Gurgaon a preferred choice in the country for real estate investors. Dwarka Expressway in Gurgaon has substantially increased the visibility of many factors that host real estate projects. This has further made it convenient for real estate investors and increased its accessibility as well. This has made the city an investment-friendly zone that attracts potential buyers to invest in various properties. Dwarka Expressway’s connectivity to the national capital, Delhi, and spots of inter-state connectivity, such as Indira Gandhi International Airport, railway stations, metro rail, etc., has made the commute to the region much easier and a preferable destination for investment.
Furthermore, the appreciation potential of residential properties near Dwarka Expressway promises excellent returns on investment as well. This factor has further attracted a pool of potential real estate investors in the belt.
Gurugram, particularly the emerging section of the New Gurugram, is currently the most preferred realty destination in the region. The multiple routes offer quick access to several economic zones such as Cyber City, Udyog Vihar, and other spaces. This provides security to nearby residents, making the region the first choice for buyers. Apart from this, Sohna Road, Dwarka Expressway, and Southern Peripheral Expressway, also ensure that Gurugram is well-connected to major cities and nearby regions. Furthermore, these regions offer great connectivity to metropolitan zones through the plethora of trade routes.
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Residential Market in Gurgaon:
The residential market in Gurgaon has seen a significant increase in opportunities for real estate investors across a variety of configurations. In the second quarter of 2022, 3 BHK apartments were a preferred configuration and claimed a share of about 42 per cent in overall sales. Considering the price of the houses, more than 51 per cent of homes were sold during this time. A massive shift in consumers’ approach towards residential real estate was seen in 2022. Consumers' preferences changed too, with a majority of them looking for houses with modern amenities and facilities, easy accessibility to travel hubs and other prominent areas in the city, ventilated spaces, and a lavish lifestyle. Also, as the real estate market continues to grow in Gurgaon, NRI investors have been considering the city as a plausible option for investments. Gurgaon has been a top choice in Northern India for investments as per several reports.
Since the IT boom in India, Gurgaon has become a favourable city for real estate investors. The city has also seen investments coming in from foreign countries. Gurgaon is now on the radar for anyone looking into real estate, especially in the residential sector, owing to the city’s high per capita income, excellent infrastructure, and high-speed metro connectivity. Apart from this, certain government initiatives like the New Integrated Licensing Policy have also played an integral role in unlocking its potential for the real estate market.
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As mentioned above, the real estate market in Gurgaon is brimming with opportunities for all kinds of real estate investors including Expats, UHNIs, corporate professionals, and entrepreneurs. Also, with the rise of the startup ecosystem and entrepreneurial culture in the country, Gurgaon is one of the top preferred cities for investors. Data shows that there are about 1,500 startups in the city, further positioning the city as a goldmine when it comes to real estate opportunities, making it easier for residents to travel. Furthermore, most of the units that were launched in the recent past were sold in the micro markets of Sector 89, Sector 106, and Sector 62 in Gurgaon. To add to this, the region has also witnessed a 9 per cent of year-on-year growth in property value.
Adani Realty is a top real estate company in India, offering a range of luxurious projects in Gurgaon, which makes for the perfect opportunity for real estate investors. Samsara Vilasa 2.0, Oyster Grande, Platinum Tower, Aangan & Samsara (M Block) are currently some of the best residential properties in Gurgaon. These projects are designed with state-of-the-art infrastructure and feature a plethora of world-class amenities and facilities for a restful living experience. Furthermore, these properties are strategically located in the city to help ease the everyday commute of residents.
Gurgaon is one of the most preferred residential areas in the city. With a number of existing and upcoming residential societies, the city will soon see an increase in demand for luxurious housing societies. The city’s convenient connectivity to Delhi NCR and many other major cities in the country makes it a brilliant location for families. Owing to these reasons, real estate investment in Gurgaon will soon see a rise.
Adani Realty is known for its stellar delivery reputation and a legacy of building some of the most luxurious homes in Gurgaon. We promise a comfortable yet luxuriant lifestyle to our residents, along with access to world-class amenities and facilities for a secure living experience. Their trust and excellence are integrated with beautiful design aesthetics and cutting-edge construction techniques to develop exemplary projects in India’s most promising cities.
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