Gurugram’s real estate market has been consistently witnessing sales volume every quarter. The city has also hit the headlines for the recent news of a Rs. 100 crore apartment being sold, setting a new record for one of the costliest properties ever sold here. The property market is currently robust, since it is seeing high demand and sales throughout multiple segments.
Square Yards’ quarterly report has indicated how the top-15 developers cumulatively sold 2,578 properties with a value of Rs. 4,374 crore in Gurugram between July and September, 2023. DLF was the leader in terms of volumes, notching up 336 units in sales (valued at Rs. 1,775 crore). Signature Global, a new entrant into the stock market, achieved the highest unit sales of 631 units valued at Rs. 234 crore in Q2, 2023.
According to the Sales Director and Principal Partner, North India, Square Yards, Ravi Nirwal, the recent elevation of Gurugram as a dominant market in the residential real estate segment can be attributed towards its cosmopolitan environment and growing reputation as the country’s next Silicon Valley.
He also feels that startups, MNCs, and industries are choosing Gurugram, also known as the Millennium City, for their primary business establishments due to its huge future potential. As a result, there has been steady demand for high-quality housing amongst the skilled workforce that is steadily settling in Gurugram.
Dwarka Expressway and Golf Course Extension Road have transformed into coveted real estate hubs in Gurugram currently, since they offer great infrastructure, connectivity, and urban planning. Many experts feel that the upcoming completion of vital infrastructure initiatives including the Dwarka Expressway has majorly boosted connectivity in the real estate landscape of Gurugram. Better connectivity works as a magnet for both investors and potential homebuyers according to them.
The soaring demand is also driven by the presence of premium commercial and residential projects in addition to top-notch facilities and amenities. Homebuyers are making a beeline for Gurugram due to its potential to offer superior returns on investments along with the impeccably-planned urban lifestyle that it already provides.
Ravi Nirwal also adds that skyrocketing demand has already led to Gurugram leaving behind major cities like Mumbai, Bangalore, and Noida, with regard to price appreciation. This has only solidified its position as the premier choice for residential living in his words.
For a detailed report on this read the articles we were featured in:
Realty+: https://bit.ly/3GErHJp
News Nation: https://bit.ly/3REwIrG
MiD DAY: https://bit.ly/3TinbYL
Published Date: Dec 12, 2023
