Gurugram tops the real estate development in Delhi NCR

With a very high housing demand, NCR is one of the major real estate markets in India. Residential properties have a huge demand. Gurugram has seen to fast emerge as a nexus for main residential projects.

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Gurugram is shining among NCR’s real estate market

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In this year’s first quarter, Delhi NCT saw an addition of new housing units. It was around 12450. Among them, 28% were added to the budget-friendly section. The real estate market of this region did not maintain any uniformity. A few areas saw a sudden surge in new launches whereas others witnessed a fall in sales. Gurugram constituted an amazing 80% share of the overall new launches in Delhi NCR. It was because of the launch of 9940 new units. So the city was the winner in quarter one of 2023’s new launches.

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Gurugram is ahead of the rest cities in NCR

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The real estate market of Gurugram saw an upswing recently. It started to attract a lot of new buyers and investors because of its accessibility to Delhi and top-class amenities and infrastructure. Huge traction is happening in the luxury and premium housing segments. Also, there is a desire for more. They provide propositions that are valued for money and also huge rental value and ROI. In spite of its already confirmed status as a flourishing community, Gurugam’s real estate market showed promising growth.

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An impressive real estate destination

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The demand for property in Gurugram is increasing steadily due to a multitude of factors such as budget-friendly housing options, enhanced infrastructure, excellent connectivity, the rise of corporate or it sectors, worldwide retail giants, and an increasing base of aspiring consumers to name a few. Many aspects facilitated the transition of the city into a real estate investment destination. It is worth checking such dynamics thoroughly.

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The emergence of new regions around Gurugram

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New regions have emerged south of Gurugam such as Dwarka Expressway, Golf Course Extension Road, and Sohna Road. All these areas played a vital role to shape the development of Gurugram. Strategically situated on Dwarka Expressway, BPTP Terra and BPTP Amstoria personify an urbane lifestyle. Similarly, BPTP Astaire Gardens is known to be Gurugram’s premium township. It benefits from great connectivity through Golf Course Extension Road, NH-8, and Sohna Road.

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A plethora of housing options

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The sectors in Gurugram feature residential spaces across the market value. Be it luxury high-rise buildings or various communities, there are many options for anyone who wants to have a home in this city. The demand for residential spaces here is increased by the preference of families for properties that are close to their workplaces.

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A surge in new commercial and residential projects

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The regions surrounding Gurugram saw an increase in new plots, residential and commercial projects. Many Shop-Cum-Offices have started to allure a huge number of buyers and investors. Particularly, Sohna Road became a hotspot with many new projects. It catered to the mid-income section. Golf Course Extension Road and Dwarka Expressway attracted buyers and investors who were in search of premium and luxury housing options. Thus they saw a huge increase too in new launches.??

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Improved connectivity

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Apart from new regions opening up, there was also some improvement in connectivity. It played a key role to keep Gurugram ahead in the race for real estate. With the development of new roads and expansion of already existing ones, the connectivity within the city and the neighbouring places also improved. Dwarka Expressway surely will become a primary growth driver from this region as it will be connecting Gurugram with Delhi and provide convenient access to the airport.

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Metro connectivity added a boost

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The real estate market of Gurugram was also uplifted by the metro connectivity. Due to the Yellow Line extension of the Delhi Metro to Gurugram, the connectivity between the national capital and the city improved. It increased the demand for residential and commercial areas.

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Contribution of corporate and IT hub

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The reputation of Gurugram as a corporate and IT hub contributed to its real estate destination growth. This city is home to many multinational companies. It is a much-preferred location for many startups, which leads to the growth in commercial space demand.

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An investment hub for businesses and investors

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The city is a flourishing commercial hub. It is enchanting multinational organisations, startups, and SMEs who want to build an image in this growing area. Commercial areas also have a huge demand in Gurugram such as warehouses, retail outlets, and office spaces.

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Gurugram has emerged as an important hub for hugely desired real estate ventures. The real estate sector of the city is growing across sectors, casting it to a notable spot in Delhi NCR. Considering its upcoming infrastructure plans and developments, it can be said that this city will keep on attracting investors and homeowners in the same way. It will offer an exceptional lifestyle experience in the middle of a busy city.