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Home > India > Haryana > Gurgaon
Rapid Urbanisation Triggers The Demand For Residential Properties in Gurugram. The capital city of the state of Haryana and located south of NCR region, the city of Gurgaon ...Read More
Rapid Urbanisation Triggers The Demand For Residential Properties inGurugram. The capital city of the state of Haryana and located south of NCR region, the city of Gurgaon is a leading industrial and financial hub today, ranking third highest per capita income in the country. Also called the Millenium city of India, Gurgaon is home to almost fifty percent of the Fortune 500 companies in the world. A significant centre for outsourcing solutions in IT and Software sector of the world today, the city has become one of the most significant off shoring centres in the world today. The rapid urbanization and innumerable employment opportunities have fuelled the demand for residential properties in Gurgaon . Real estate is a driving force in the city’s economy; whether residential, commercial or retail – the forever demand and supply of under-construction projects in Gurgaon never tend to cease. Promotions and offers on pre-launch residential projects in Gurgaon on the pages of newspaper and web are often a common sight, which are a testimony to the ever rising need of residential projects in Gurgaon.
The IT boom in the city created by the mushrooming national and multinational companies have opened the corridor for mass employment opportunities. From fresh graduates to highly qualified and experienced high ranking professionals, Gurgaon has become the most preferred location for many. Already a plethora of residential properties in Gurgaon have made their foray into the Millenium city; whether lavish villas or affordable luxury apartments. Depending on the budget and other preferences, developers big and small are making a beeline for new launch residential projects in Gurgaon. A popular destination among the young urban generation, builders are focussing on providing a comprehensive package, which includes impeccably stylish and modern residential units along with a host of modern state of the art amenities for the residents to indulge themselves in, set on a picturesque backdrop with lush green landscapes. To meet the demands of the urban crowd who wish to enjoy an international lifestyle, without having to travel miles to avail the same, these amenities are absolute pre-requisites. Developers make it a point to highlight the project’s unique amenities and facilities while drafting strategies of soft launch residential projects in Gurgaon. So nowadays, no residential project in Gurgaon is complete without having a lavish clubhouse, indoor and outdoor sports facilities, swimming pool, state of the art fitness centre, community hall / party hall, etc among other basic amenities. There is fierce competition among builders to offer elegant and stylish homes along with a host of facilities, that too at attractive rates.
Gurgaon city has not only become exceedingly expensive for property investment, it is also becoming saturated with little or no scope for builders to build lavish residential properties spread out on a sprawling area, replete with ample open spaces, parks, landscapes and other amenities. The Master plan 2031 entails 7 new commercial and residential sectors in addition to the 58 new sectors that were earmarked as per the Master Plan 2025, thus allocating more residential space in the city. Also, the adjoining areas, especially the South of Gurgaon are gaining prominence as the most preferred destination of upcoming residential projects in Gurgaon. These locations are becoming immensely popular among builders as well as investors because of several reasons -
Many new residential projects in Gurgaon are proposed on Manesar Expressway, Sohna, Dwarka Expressway, Golf course extension, SPR, FNG Expressway, Kundli-Manesar- Palwal Expressway, etc to name a few. Many prominent builders like Sobha, Vatika, Vipul, Godrej properties, Tata Housing, among others are offering new residential projects in Gurgaon’s latest hottest real estate destinations. Gurgaon is still at the top of preferred destinations in NCR for investing in residential properties, whether it is for sole investment purpose or buying with an intention of residing. Due to the rapid development and progress the city has shown in the past few years, builders both new and established are jumping onto the real estate bandwagon in Gurgaon. Buying a residential property is never futile, and with high returns on investment, Gurgaon is definitely a safe bet for real estate investment.
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