Gurgaon has long been a desirable location for real estate investments in Delhi-NCR, and demand has increased recently. Since the nation opened its economy to the outside capital, the city was positioned as the model for an IT city. The Millennium City, Gurugram, boasts the highest per capita income, the best connectivity, and premium infrastructure. The city has grown into a significant residential and industrial hub throughout time, drawing in buyers from all over the world.
Gurugram impresses High-value investors and millennials who want to acquire a home in the city because of its futuristic allure and grandeur combined with sustainability. As a result, this area's residential real estate market is quickly becoming a hot favourite of millennials who aren't just highly wealthy but are also climbing up the social scale quickly. This is fueling the expansion of all types of home development.
Let's take a look at some of the significant driving factors –
Wider choices and better investment prospects
The residential sector is flush with opportunity as UHNIs, expats, corporate execs, and even NRIs hunt for luxury residential spaces from established and well-respected developers. Due to the low-interest rates and increased return on investment, sales of plots, apartments, villas, and other real estate have increased.
Industry research states that in FY22, NRI real estate investments totalled about $14.9 billion in India. This investment went mainly towards the north Indian real estate sector, with Gurugram being the top destination. NRIs have been drawn to invest in India's real estate markets due to the depreciation of the Indian rupee, historically low loan rates, and a growing desire to own property at home.
Infrastructure for wellness and socialisation
The acceleration of luxury housing has been largely fueled by a change in lifestyle, as the wealthy seek out these residences as a break from their routine lives and as a reflection of their comfort and grandeur. Modern amenities, including a clubhouse, gym, spa, tennis court, badminton court, swimming pools, and gated condominiums with round-the-clock security, are in high demand.
Modern amenities, accessibility, and sound connectivity
Gurgaon's thriving business districts, and developed social infrastructure, including renowned international schools, contemporary hospitals, numerous shopping malls, entertainment venues, restaurants and hotels, cinema halls, etc., are the perfect complement to the city's futuristic charm for a hassle-free lifestyle. Immersive lifestyle, accessibility, outdoor sporting opportunities, greenery, walking and cycling paths, and other factors also contribute to the grandeur of this international city.
The city boasts excellent transportation options, including good roads and metro connections. It has easy access to Faridabad, Delhi, and other essential districts of the NCR region, seamless communication to the international airport of Delhi and significant railway stations. NH-8, Southern Peripheral Road, Central Peripheral Road, SPR Extension, and KMP Expressway are some crucial arteries for the region's expanding enterprises. The impending Dwarka Expressway will soon significantly increase the value of the area's real estate.
The future looks bright: Gurugram
Large rooms tucked away in lush nature have recently come to the forefront as customers' perspectives on the residential real estate market have significantly shifted. Between January and March 2022, the residential sector experienced strong growth as demand increased 4.6% quarter over quarter (QoQ) across 13 Indian cities. It is encouraging that the pandemic has underlined the value of comfort and luxury in residential real estate. The Gurugram real estate market will gain the most in the future from the favourable trends and environment working in its favour.
Raheja Developers is one of the most promising builders in Delhi NCR. The developers believe in serving the best quality properties for their customers, with a legacy of more than three decades of offering profitable deliveries, uncompromised quality and much more. They have become one of the top developers in Delhi, NCR.