An element contributing to the rise of Gurugram is the return of buyers to key micro-markets reminiscent of Sohna Road, Golf Course Extension Road, and the Dwarka Expressway. (Representative picture)
About 51 per cent of the 63,710 items offered in the NCR in 2022 had been in Gurugram, in response to a survey carried out by realty guide Anarock on the finish of 2022
Gurugram’s actual property market has been a gradual rise with the residential items sale growing from lower than a 3rd in 2019 to greater than half of the whole residential items offered in NCR now. This is regardless of the stiff competitors from the opposite areas of NCR reminiscent of Noida, Greater Noida and Faridabad.
According to a report by realty guide Anarock on the finish of 2022, 51 per cent of the 63,710 items offered in the NCR in 2022 had been in Gurugram. It was a big improve from the earlier years, the place town’s share of the whole residential items offered in the NCR was 39 per cent in 2021, 31 per cent in 2020, and 28 per cent in 2019.
The metropolis witnessed a complete of 32,620 (out of 63,710 in NCR) new residential items offered in 2022. In phrases of latest launches of residential items as nicely, Gurugram, at 19,100, was means forward in the tally of the whole variety of new items launched in the NCR (25,355).
Gurugram witnessed the sale of 15,590 residential items in 2021, which was 39 per cent of the whole 40,040 items offered in the NCR. In 2020, it was 31 per cent (NCR 23,210 items; Gurugram 7,240 items). In 2019, it was 28 per cent (NCR 46,917 items; Gurugram 13,244).
Rohit Mohan, senior vice-president of BPTP Group, mentioned, “Gurugram has established itself as a globally recognised funding vacation spot, due to the robust presence of multinational companies (MNCs) and Fortune-500 corporations. The thriving actual property market in town is a testomony to its progress and improvement. There is a rising influx of capital investments in Gurugram throughout the residential and industrial actual property sectors.”
Mohan added that the optimum growth in job markets has allowed investors to envision their future life in the city on the substratum of so many growth opportunities symmetrically rising in every domain.
Nayan Raheja of Raheja Developers said, “Dwarka Expressway has become the most valuable residential investment corridor in Gurugram. The capital appreciation potential of the region has shot up by high proportions. The Haryana government’s big-ticket global city project located along the Dwarka Expressway which will be built as a futuristic business hub, has also scaled up the value of the region.”
Ashwani Kumar of Pyramid Infratech mentioned, “Homebuyers in North India favor plots they will customise as per their necessities. With the DDJAY opening up alternatives for proudly owning a plot or impartial ground in town, the demand for actual property in Gurugram will probably improve additional. The modification has paved the way in which for extra actual property improvement, resulting in elevated job alternatives, financial progress, and total improvement in town.”
Rajesh K Saraf, MD of Axiom Landbase, said a factor contributing to the rise of Gurugram is the return of investors to key micro-markets such as Sohna Road, Golf Course Extension Road, and the Dwarka Expressway.
“These areas have been attracting buyers and investors due to the completion of long-delayed infrastructure projects, such as the Sohna Elevated Road, the soon-to-be-ready Dwarka Expressway, and a crucial stretch of the Mumbai-Delhi highway,” Saraf mentioned.
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