Gurgaon has been enjoying its glory years as it becomes the one stop destination for the investments in Delhi-NCR region. The demand for investments in this city is continuously rising. This city is projected as one of the IT cities of country because of the influx of investments and establishment of infinite corporate firms. With the growing factors like optimal connectivity, highest per capita income, employment opportunities, and an upscale infrastructure etc. the millennium city has established its mark in the real estate sector luring the buyers from all across the world.
Bombardment of investment opportunities for upper class of society
The residential market is brimming with opportunities as HNI’s, corporate giants, and the NRIs are looking for upscale residential spaces from branded and reputed developers. As a result, sales in plots, flats, villas, residences etc. have sprung up, owing to low-interest rates and higher ROI. The weakening of the Indian rupee, all-time low-interest rates and an increased inclination to owning a property back home have motivated NRIs to invest in real estate markets in India. Since, Gurugram is one of the major IT hubs of India, it has become a popular thought among working professionals to own a comfortable living spot in the city.
Promising future of residential sector
A sudden massive hike in the behavioral transformation of customers post pandemic is seen where the need of buying the homes for safety and security has doubled the growth of residential sector. The residential real estate market imploded with such opportunities of the gurgaon region has opened the portal for the investors as more and more investors are now investing in this millennium city for building luxury and affordable houses. In the months of January-March of the year 2022, the demand rose 4.6 percent quarter-on-quarter (QoQ) across 13 Indian cities and in the city of Gurugram, a 9.6 percent growth was reported according to the Magic bricks Prop Index Report. Pandemic has led to the significance of comfort of having their own home to the people and hence the market is booming because of the positive trends and environment acting in its favor.