What makes Gurugram a hotbed for realty investments?

Posted by Surakhsha Shah on July 9th, 2022

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, which boasts the highest per capita income, the best connectivity, and premium infrastructure, has grown into a significant residential and industrial hub throughout time, drawing in buyers from all over the world.

High-value investors and millennials who want to acquire a home in this international city are always interested in it because of its futuristic allure and grandeur combined with sustainability. As a result, the residential real estate market in this area is quickly becoming a hot favorite of millennials who aren't just extremely wealthy but are also climbing up the social scale quickly. This is fueling the expansion of all types of home development.

Let's examine some of the main motivating factors:

Better investing prospects as well as more options

As UHNIs, ex-pats, corporate execs, and even NRIs hunt for luxury residential projects in sector 104 Gurugram from established and well-respected developers, the residential sector is rife with opportunity. 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 totaled about .9 billion in India. This investment went largely towards the north Indian real estate sector, with Gurgaon being the top destination. The depreciation of the Indian rupee, record-low lending rates, and a greater desire to own real estate at home have driven NRIs will invest in India's real estate sector. The Real Estate (Regulation and Development) Act of 2016 (RERA) and other rules were put into effect, which greatly spurred Gurgaon's real estate market.

Given that Gurgaon is home to more than 250 Fortune 500 businesses and has a strong entrepreneurial culture, demand is high. Additionally, it is a significant IT hub in India, making it a popular choice for working people searching for a comfortable place to live.

Infrastructure for socialization and wellness

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. Up to 67% of high-net-worth individuals plan to purchase a luxury home in 2022, according to Sotheby's Luxury Housing Outlook-2022. Modern amenities including a clubhouse, gym, spa, tennis court, badminton court, and swimming pools, as well as gated condominiums with round-the-clock security, are in high demand.

Accessibility, contemporary conveniences, and sound connectivity

Homes in Gurgaon 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. Additionally, the idea of "walking to work" is a catalyst, and people's propensity for living close to their places of employment has molded the city into a highly sought-after residential real estate hotspot.

The future looks bright.

Large rooms tucked away in lush nature have recently come to the forefront as customers' perspectives on the residential real estate market have undergone a significant shift. Between January and March 2022, the residential sector experienced strong growth as demand increased 4.6% quarter over quarter (QoQ) across 13 Indian cities.