Gurugram continues to be the preferred choice of investors and end-users

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Gurugram continues to be the preferred choice of
investors and end-users
Gurugram has grown into a vibrant real estate
hotspot over the years. Property markets in the
city have been buoyed by demand for spacious
homes, high-quality office space, and larger
warehouses. With the growing trend of remote
working, first-time buyers and homeowners are
eyeing larger homes in Gurugram with modern
amenities. In the age of hybrid work cultures and
e-learning, people need more space for work and
study, which drives up the demand for spacious
homes and apartments in Gurugram. The realty
market in Gurugram is on a growth trajectory with
the demand reaching the pre-pandemic level.
Consequently, investors' and buyers' activities
have resumed in full force in the region. Santosh
Agarwal, CFO, and Executive Director, Alpha Corp
said, "Gurugram's real estate sector has
witnessed massive changes over the past few
years. Growing as a commercial- residential hub
and a dream destination to invest in property, it
has become the first choice of people to work
and invest money in a property near to their
workplace. The improvement in infrastructure like
the broadening of NH-8,
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opening of Sohna elevated road, Golf Course Road,
Dwarka Expressway, and operational rapid metro
as well as plans of metro expansion, have proven
to be beneficial for Gurugram." Furthermore, due
to phased lockdowns and restrictions in movement,
sales of luxury homes in Gurgaon grew steadily
after the pandemic, as people realized the
importance of owning a home with all the luxuries
and comforts. Pankaj Bansal, Director - M3M India
said, "Delhi is squeezing in terms of
availability of residential as well as commercial
space, and on the other side Gurugram has been
progressively emerging as much sought-after
destination because of its connectivity,
amenities, luxury residential projects, and
state-of-the- art retail space. A systematic
highways and roads network plan in Haryana,
particularly in Gurugram, is expected to further
give way to congestion-free traffic, giving
much-desired relief confidence to investors and
end-users. The momentum has already started with
the recent opening of the 22 km six-lane Sohna
Highway, which includes a 7 km elevated section.
Once the 29 km Dwarka Expressway becomes
operational, which is expected by 2023, it would
reduce travel time to Delhi International
Airport and other parts of Delhi NCR". Boasted
with strong infrastructural development and
world-class amenities, Gurugram continues to
enjoy increased interest from investors and
end-users. The city has some magnificent premium
and luxury properties across the residential and
commercial segments. Vinay Wadhwa, General
Manager - Sales, Vatika Limited said,
"Fast-growing corporations and start-ups are
boosting the development of Gurugram. Its
excellent connectivity to other cities, growing
corporations, IT companies, and industies make
it attractive for investors. Also with Dwarka
Expressway soon becoming operational, commute
time to Delhi and the aisport will be reduced.
Likewise, KMP, SPR, Golf Course Road, the
upcoming Delhi-Mumbai Expressway, and Rapid
Metro will further make Gurugram an investment
hotspot. Last but not least, infrastructural
advancements in Gurugramn and the increased
demand for commercial properties have resulted
in a thriving housing market in Gurugram, making
it a popular choice for new home buyers in Delhi
NCR." The demand for the commercial segment in
Gurugram is also witnessing a surge with a
growing number of investors and global brands
seeking premium office space. Businesses
intending to move their workforces back into
offices and their expansion plans are fueling
Gurugrams office space segment.
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Kaustubh Chandra, Manager, Marketing and Lessing,
Brahma Group said Owing to various favourable
factors, Gurugram has been a preferred choice for
real estate investors and end-users. Despite the
challenges imposed by the COvID-19 pandemic, the
real estate sector quickly bounced back and
regained its growth momentum. Gurugrams
commercial realty market has been performing
quite wel for the last year the growing mix f
Grade A office and retail space has been
successfully dragging the investors' and
end-users' interest. Numerous domestic and
international companies are headquartered in
Gurugram. Additionally, it is home to several
Fortune 500 companies and thousands of startups.
The city is also India's second-largest
technology hub Furthermore, due to its
business-friendly environment, enhanced
infra-development, and availablity of abundant
office space, it has emerged as one of the top
five Asian IT hubs. Besides, the citys
connectivity to other parts of NCR augurs well in
attracting investors and occupiers to the city.