Gurugram: A real estate market promising immense returns

With the pandemic, there has been a growing tendency among people to look for living opportunities that could bring them closer to nature. The change took place as people are not averse to the idea of driving for an hour or so to ensure that they spend a quality life. The real estate sector found the answer to the problem. The expansion of the sector in India ensured that people could enjoy the amalgamation of rural and urban life in areas close to the main city centres. People do not have to miss the countryside’s salubrious environment with serenity and urban area’s immense development opportunities. The result was the emergence of the peripheral areas a few decades ago, and gradually these centres have developed into locations that are in no way lesser than the city.

Taking Gurugram, an unique example, the real estate market is well placed to cater the rising demand for bigger and spacious houses and the city has performed consistently in providing luxury and affordable housing. Suburban residential destinations continue to dominate the market in terms of demand and supply. The city continues to lead even in terms of sales and transactions.

First and foremost, millennial city, Gurugram has the presence of leading development firms which continues to bring the growth and development in the city. Secondly the connectivity front, almost all parts of Gurugram are now well connected with Delhi’s Dwarka an IGI Airport, Dwarka expressways, Golf Course and many other places which adds value to investments. Prime markets of Gurugram continue to perform despite COVID restrictions. Regions such as Dwarka expressway, Golf course extension, Sohna, have seen healthy sales in the last months.

Mr. Pradeep Aggarwal, Founder & Chairman – Signature Global Group & Chairman – ASSOCHAM National Council on Real Estate and Housing, “Due to pandemic, people have understood the importance of buying own home. As a result, transactions have remained healthy so far. Prices have remained stable from the past few years.

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