Reasons why Investors still have a heightened interest in Gurugram and its rising markets?
The Covid-19 pandemic’s intensity has decreased, and India’s emerging reputation as the fastest-growing global economy has brought attention back to real estate as an evergreen asset class for investment. The rising demand from purchasers and investors for both residential and commercial properties reflects this. Gurugram and its growing markets, which are quickly emerging as the top real estate locations in the NCR, are where the trend is most obvious.
Here are some patterns and explanations for why investors and buyers are so interested in Gurugram and its rising marketplaces.
Real estate in Gurgaon has shown tremendous development since companies resumed operations following the Covid-19 outbreak (SPR). In these locations, there is an upsurge in demand for both residential and commercial properties.
Sales of upscale and luxurious properties have progressively and evidently increased after the Covid. In Gurugram, 15,590 housing units were sold last year, with almost 30% of those properties costing more than Rs 80 lakh. According to Anarock statistics, luxury mansions costing more than Rs 80 lakh only made up 24% of the 13,250 units that were sold in the pre-pandemic year 2019.
The Gurugram micro markets have caught the interest of house seekers seeking a contemporary lifestyle. Of these, New Gurgaon is quickly becoming the top choice for young professionals due to its excellent social infrastructure, which includes nearby schools, hospitals, retail space, and business institutions.
The micro-markets of Gurugram provide professionals wishing to invest in commercial real estate with a wide range of options because of their advantageous location halfway between Gurugram and the Manesar auto hub. Large industries are prevalent and commerce is booming in the area.
After the epidemic, the retail industry has recovered and seen India’s greatest operational retail asset purchase in recent years. Retail real estate is expanding significantly in Gurugram’s newly constructed areas. The key industries in New Gurugram are seeing a growth in a variety of commercial activities, and retail companies are considering setting up shop there. The development prospects of the retail sector are highly promising, especially given the surge in the demand for housing and office space in Gurugram’s new micro markets.