Gurugram real estate has entered into new dimensions in the last decade. With the booming business and technology environment and different culture, many millennials are moving towards this city. The competitively-priced residential projects, strategic location and strong connectivity network are the primary reasons behind the increasing popularity for affordable housing in Gurgaon.
Connected communities are places with affordable housing options, pedestrian-friendly street designs, public spaces, and transportation options to access major employment centers, key goods and services, and amenities. For most households, transportation is the second-largest annual expenditure after housing.
There is no denying that affordable housing in Gurgaon comprises all the essential facilities like hospitals, banks, schools, educational institutes, ATMs, restaurants, hospitality chains, markets and other related facilities. The area is also counted as the best choice for professionals looking for a residence close to their workplace.
Moreover, there are few announcements by the government like to link existing Gurgaon Metro with Delhi Metro’s Blue Line and Airport Express line, providing a big connectivity which helps in boosting the real estate of Gurgaon. Adding on, the recent nod given by the Forest Department of Haryana to the land in Panchgaon (Gurugram), decks have been cleared for the shifting of Kherki Daula toll plaza to Panchgaon which in turn helping speed up the growth of real estate in New Gurgaon. Further, Gurgaon’s high potential Sohna Road is set to get a further connectivity boost with the new extended route of the city bus service.
Mr. Pradeep Aggarwal, Co-founder & Chairman, Signature Global, and Chairman, National Council on Affordable Housing, ASSOCHAM said, “The affordable housing in Gurgaon, compared to costly neighboring sub markets, makes it a hot spot for both end-users and investors. With development picking pace after Corona disruption, this place will emerge as the ultimate affordable housing destination of NCR in the coming years.