Why Gurgaon Real Estate Market is top for New Launch Projects

Why Gurgaon Real Estate Market is top for New Launch Projects

June 26th, 2022

 

Gurgaon real estate market is an attractive destination for property investments in Delhi-NCR. The demand for new launch residential projects has been rising in recent years. One such project is Puri The Aravallis. Since the country opened its economy for international investment, Gurgaon was seen as an ideal IT city.

The millennium capital has been a major residential and industrial center, attracting buyers from all over the world. It boasts the highest per-capita income, best connectivity, and an upscale infrastructure.

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It is known for its modernistic charm, extravagance and sustainability. This city is a hot spot for high-value investors as it attracts millennials looking to buy a home in Gurgaon city.

The residential real estate market is fast becoming a popular choice for not only the ultra-rich, but also the rapidly moving millennials. This has led to the rapid growth of all forms of housing development.

The proactive policies of the current government, like the New Integrated Licensing Policy 2015 (NILP-2015), have helped unlock the considerable development potential of the City by making use of the unused land parcels. This has provided an impetus for the city's real-estate development potential.

Let's look at the main driving factors

More options and better investment opportunities

There are many opportunities in the residential market. UHNI's and Ex-pats, corporate executives, and even NRIs, are all looking for luxurious residential spaces by real estate companies in Gurgaon.

As a result, sales in plots, flats, villas, residences etc. Due to lower interest rates and higher ROI, these properties have seen a rise in demand. A report by the industry estimated that NRI investments in Indian real property were $14.9 billion in FY22.

The north Indian real estate market was the most popular destination for a large portion of this investment, with Gurgaon the preferred choice. Indian NRIs have been drawn to India's real estate market by the weakening rupee, low interest rates, and a desire to own a property back in India.

Gurgaon's Real Estate (Regulation and Development Act 2016 (RERA) and other policies have greatly stimulated the real estate market. Gurgaon is home to over 250 Fortune 500 companies and has a vibrant entrepreneurial culture.

It is also one of India's major IT hubs, making it a popular choice for working professionals seeking a peaceful living space.

A Real Estate Consultant Survey last year found that a significantly higher number of NRIs are looking for luxury apartments. The survey found that at least 53% of NRI respondents plan to purchase property in India for their own use and 47% for investment. These trends are extremely promising for residential real estate.

Infrastructure to support wellness and socialization

The lifestyle shift is a major driver of the growth in luxury housing. People are seeking spaces that reflect comfort and opulence, as well as spaces that allow them to escape from the daily grind. Sotheby's Luxury Housing Outlook-2022 estimates that 67% of the wealthy being will be looking to purchase luxury homes in 2022.

These condominiums are highly sought after because they offer security and state-of the-art amenities like a gym, swimming pools, tennis court or badminton court as well as clubhouses, spas, and the best part is a 24-hour security system.

High-quality amenities, accessibility and sound connectivity

Gurgaon's bustling business districts have a developed social infrastructure that includes renowned international schools, hospitals, shopping malls and entertainment facilities. These amenities perfectly complement the city's futuristic charm and provide hassle-free living.

The city's success is due to its unique lifestyle, accessibility, outdoor sporting facilities, greenery, walking, and cycling tracks, and other factors. The 'walk to work" concept is another catalyst. Additionally, residents love being close to their workplaces, making the city a popular residential real estate spot.

It boasts great connectivity, excellent infrastructure and excellent metro links. It is easily accessible to Delhi's international airport, major railway stations, Faridabad and other key areas in the NCR region. NH-8, Southern Peripheral Road and Central Peripheral Roads, SPR Extn. KMP Expressway and NH-8 are key points for growing businesses in the area. The region's future real estate will be enhanced by the Dwarka Expressway in the near future.

The future looks bright

Recent trends have seen a shift in consumer attitudes towards the residential realty market. Large spaces that are nestled among lush greenery have been popular.

In January-March 2022, the residential sector saw strong growth as demand increased by 4.6% quarter-on-quarter in 13 Indian cities. According to the reports, Gurugram saw 9.6 percent growth.

The pandemic has also reaffirmed the importance of luxury and comfort in residential real estate. This is encouraging. Gurgaon's real estate market will reap the benefits of the environment and positive trends that are in its favor.

Check out new launch residential project Puri Sector 61 Gurgaon do call or WhatsApp at 8825183565.

About Admin

Noopur writes the content on real-estate from several years and she is one of the few writers who provide the thought-provoking content on best properties deals.

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