Indian real estate has registered phenomenal growth in recent decades. The foremost reason behind this robust real estate growth is job security in cities like Gurgaon, Delhi, Bangalore, Mumbai, and elsewhere. The real estate landscape in Gurugram has indeed recorded a staunch foundation in the past two decades - witnessed by a remarkable surge in residential properties, reaching a 10-year high, as analyzed by many real estate agencies. This surge is particularly notable in the mid and premium segments, showcasing a robust trend that signals positive economic growth and increased consumer confidence in the real estate market – mainly after the Real Estate (Regulation and Development) Act came into existence in 2016 as a big relief for homebuyers.<figure class="image"><img src="https://www.signatureglobal.in/blog/wp-content/uploads/2024/01/Industry-News-8.jpg" alt=""></figure>If we analyze growth in the past decades, cities such as Gurugram have been focal points for infrastructure development - improved connectivity due to metro network expansion and vast road networks, along with the blessing of proximity to the international airport, making Gurugram an attractive destination for the country’s homebuyers. The city's status as a prominent corporate hub, housing numerous multinational companies and IT parks, has created a surge in employment opportunities. As professionals seek to reside closer to their workplaces, the demand for residential properties in Gurugram has experienced a steady uptick – much more robust than Mumbai and Bangalore, in fact.Gurugram's commitment to smart city initiatives has further enhanced its appeal. The implementation of advanced technologies for urban planning, infrastructure management, and public services has positively influenced the city's overall livability index, attracting discerning homebuyers. The Delhi Mumbai Industrial Corridor has brought it closer to the west and south of Indian states by opening the scope of industrial and urban corridors. Robust economic growth has been fueled by mid and premium segment buyers who have characterized themselves by their emphasis on quality of life. They have prioritized features such as modern amenities, green spaces, and high-end finishes, reflecting a desire for a superior living experience. Many buyers in the mid and premium segments view their property purchases as long-term investments – a fact in Gurgaon. They anticipate not only a comfortable living space but also potential appreciation in property values over time. A significant proportion of mid and premium buyers in Gurugram have global exposure, in fact, either through their work or through their personal robust experiences. This exposure influences their preferences, leading to a demand for residences that align with international standards.<a href="https://www.signatureglobal.in/residential/premium/">Signature Global</a>, the city’s prominent real estate promoter, has profoundly welcomed mid and premium segment property buyers, taking Gurgaon’s real estate sector to the next level of urban life full of luxury and the aim of sustainable goals.

Decade High: 10-Year Surge in India's Residential Demand, Gurugram Leads with Mid and Premium Buyers