Gurugram's Luxury Housing Boom: A Beacon of Growth in India's Real Estate
Gurgaon is expected to widen the gap with other regions, capitalising on the opportunities presented by the growth in the premium segment, with prices starting from Rs 2 crore.
GurgaonReal EstatePremium HousingLuxury HousingIndiaReal Estate NewsJul 29, 2024
Market experts agree that the most significant activity is seen at the entry level of this category, typically units priced above Rs 2 crore. Statistics underscore Gurgaon’s growing dominance in the premium residential sector, with market analysts predicting that the city will further solidify its position as the premier housing hub in India.
Several factors contribute to Gurgaon’s dynamic residential landscape, including continuous infrastructure improvements like metro connectivity, a robust road network, and proximity to the Delhi-Mumbai Industrial Corridor. New large-scale residential areas such as Dwarka Expressway, Golf Course Extension, North and South Peripheral Road, South of Gurgaon, and New Gurgaon have emerged, bringing with them massive development in amenities.
Specific sectors, such as Sector 37 D, sectors 81 and 84 in New Gurugram, and Sector 71 on South Peripheral Road, have become high-growth zones, attracting buyers seeking their ideal homes. Gurgaon’s status as a hub for manufacturing and high-end services continues to drive demand for premium housing units.
For high-net-worth individuals, non-resident Indians, and top to mid-tier professionals, investing in high-end housing in Gurgaon is now a lucrative proposition. Reports from leading realty consultancy firms suggest a high rate of return, between 30-40 per cent, for early investors in Gurgaon’s new premium residential hubs.
Infrastructure development remains a crucial advantage for Gurgaon. The recently unveiled DMIC stretch near Gurgaon has improved access to residential hubs along the Sohna-Dausa stretch. The opening of 18 km of the Dwarka Expressway has ensured seamless connectivity between the national capital and Gurgaon, enhancing the area’s appeal as a premium housing hub.
Additionally, ongoing projects such as the expansion of metro services and the Rapid Rail Transit System will further bolster Gurgaon’s infrastructural profile. With a solid foundation in the high-end housing segment, remarkable infrastructure improvements, high returns on investment, and its status as a formidable economic hub, Gurgaon’s future in premium real estate looks bright.
Frequently Asked Questions
What is the average price range of premium housing units in Gurgaon?
The average price range of premium housing units in Gurgaon starts from Rs 2 crore.
What are the factors contributing to Gurgaon’s dynamic residential landscape?
The factors contributing to Gurgaon’s dynamic residential landscape include continuous infrastructure improvements, proximity to the Delhi-Mumbai Industrial Corridor, and the city’s status as a hub for manufacturing and high-end services.
What is the expected rate of return on investment in Gurgaon’s premium residential hubs?
The expected rate of return on investment in Gurgaon’s premium residential hubs is between 30-40 per cent, according to leading realty consultancy firms.
What are the upcoming infrastructure projects in Gurgaon?
The upcoming infrastructure projects in Gurgaon include the expansion of metro services, the Rapid Rail Transit System, and the Delhi-Alwar corridor.
What is the future outlook for premium real estate in Gurgaon?
The future outlook for premium real estate in Gurgaon looks bright, with the city expected to solidify its position as the premier housing hub in India.
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