What To Purchase In Gurugram Real Estate ?

Real estate market of Gurgaon has achieved remarkable success with its tremendous level of growth in the real estate and infrastructure segment.

What To Purchase In Gurugram Real Estate ?
  1. INTRODUCTION 

Real estate market of Gurgaon has achieved remarkable success with its tremendous level of growth in the real estate and infrastructure segment. 

The growth of infrastructure and the real estate market goes hand in hand, thus becoming a major reason for this city to become the most desirable one in Delhi NCR.

In this article, I am going to explain why there is an increase in the count of people who are inclining towards this city. 

Moreover, I am going to tell you in which property you should invest your money.

  1. UNDERSTANDING THE REAL ESTATE OF GURGAON

Infrastructural development has a major contribution in raising the demand for Gurgaon’s residential accommodations. 

Did you know that Gurgaon has become the “brand-new business capital of India”?

Gurgaon is the hub for top multi-national companies, IT companies, office spaces, and business parks. This has made all the working professionals consider Gurgaon as their first and foremost choice when they look for a housing accommodation. 

The emergence of a diversified employment hub has led to an increase in the number of job opportunities for several working individuals.

Moreover, location is another prominent reason for potential investors to prefer Gurgaon. Numerous connectivity routes via different expressways and national highways are offered to all people visiting Gurgaon. 

For instance, Dwarka Expressway, Southern Peripheral Road, Northern Peripheral Road, Central Peripheral Road, Delhi-Mumbai Expressway, and NH-8.  

As a result, the city’s infrastructural development also attracted several developers to come up with amazing residential projects here. 

  1. WHERE TO INVEST IN GURGAON?

Real estate sector of Gurgaon is a major segment that lures numerous investors every year. There are numerous areas in Gurgaon that provide beneficial investments to all potential end-users.

Golf Course Extension Road is the best example of owning an ideal real estate development in Gurgaon. 

This area offers seamless connectivity to all other prominent landmarks of Gurgaon such as Golf Course Gurgaon, New Gurgaon, Sohna Road, DLF Cyber City, and all the above-mentioned expressways. 

Golf Course Extension Road has become the most desirable location for all investors. Due to rising demand, prices of the properties also increased. As a result, this resulted in offering a high level of capital appreciation on the investments. 

The following table denotes the increase in the prices of different types of residential accommodations which will give you an idea with respect to the amount of price appreciation you will be getting on that property. 

DATA ANALYSIS OF YEARLY INCREASE IN PRICE

TYPE 

(Average Price/ Sq-Ft)

PRICE

YEAR-ON-YEAR RISE IN %

(2022-2023)

Multistorey Apartment

Rs.12,920

8%

Builder Floor Apartment 

Rs. 9,435

7%

Residential House 

Rs. 11,948

3%

Now let us talk about where to invest in Golf Course Extension Road. To this, I would say that sector-62 is the best area of Golf Course Extension Road. Demand for property in this sector is rising at a great rate. 

If you are currently looking for a brand new residential project to invest in, then you should go ahead with the upcoming launch of a housing project by Emaar Properties. 

This realty major is coming up with a mega project by the name of Emaar Urban Oasis Gurgaon which is all set to bring a complete transformation in the real estate market of Gurgaon. 

This project is going to be an embodiment of international lifestyle and royalty which will make you a proud owner.  I will sincerely suggest you check the details of this project thoroughly.

The following table is an analysis of the price in sector-62, Gurgaon which shows the consistent increase in the demand for this area’s residential segment. 

RISE IN PRICES OF SECTOR-62, GURGAON (2019-2023)

JULY 2019

JULY 2020

JULY 2021

JULY 2022

JULY 2023

Rs.9040 per sq. ft.

Rs.9344 per sq. ft. 

Rs.10320 per sq. ft

Rs. 12370 per sq. ft

Rs.14812 per sq. ft

  1. CONCLUSION

I have given you a thorough analysis of the real estate market of Gurgaon and where you should invest for a fruitful investment.

As I have also drawn data on the escalating demand for residential projects in one of the most fruitful areas, my suggestion here is that you should definitely consider this article to make a sound and static decision.

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