There are many reasons why the population is growing rapidly in Delhi and the national capital region, with job opportunities, education, and a better life among them. Experts believe that the population in the national capital region will reach around 89 million by the year 2031. Let us not forget that the population projection for the national capital region (NCR) was estimated to be 71 million or more by 2021, with Delhi alone accounting for around 20 million people.<figure class="image"><img src="https://www.signatureglobal.in/blog/wp-content/uploads/2023/11/InfrastructureGrowth.jpg" alt=""></figure>In the NCR cities, Gurgaon has, in the past two decades and more, set a trend to attract global investors and property buyers, becoming the fastest-growing city, with its population expected to exceed 40 lakhs by 2031. This population projection is certain to propel housing demand in the national capital region, and it is believed that Gurgaon will be the focus based on rapid infrastructure development.Rapid infrastructure development is the key factor that has drawn the attention of global investors to the national capital region, impacting both industry and the real estate market, besides providing better job opportunities. It is an open secret that the increasing traffic mess in the national capital region is a matter of serious concern for the central and state governments, as well as for every common man.The NCR Planning Board, formed for seamless infrastructure development in the region and better urban planning, is focused on the development of road, rail, or metro connectivity to streamline planning. Gurgaon's proximity to the international airport makes it the prime focus for every investor and property buyer. This is the reason property or land appreciation in Gurgaon has marked an unbelievable trend. Buying a property in Gurgaon is considered a business start-up, as property prices double in three years or less. KMP, DMIC, Dwarka Expressway, Maruti, FlipKart, Jungle Safari (proposal), Global City (proposal), and many other job-oriented establishments are key factors contributing to property appreciation and rapid population growth. Since the international airport is close to Gurgaon, the city is blessed to host more than 250 Fortune 500 companies and is the hub of IT, automobile, and garment industries, making it India’s top job-providing city. The real estate sector of Gurgaon is known worldwide, inviting investors from across the globe. In the given scenario, the latest news that the Roads Highways and Transport Ministry of India has shown interest in building a two-layer elevated road between Dhaula Kuan and Manesar is not surprising, as it is the need of the time to decongest traffic for both long distance and local travel. For smooth business conduct, smooth traffic is a must.Based on this, a surge in residential unit demand is expected, fueling real estate promoters to launch projects in the national capital region in 2024. <a href="https://www.signatureglobal.in/blog/">Signature Global</a>, in the past decade, has provided housing units to a large section of the growing population, being friendly in terms of both environment and budget.

Upcoming Boom: Gurgaon's Infrastructure Growth Fuels Demand for Residential Units