Housing Sales in Gurugram Cross Rs 1.07 Lakh Crore in 2024: Report
Gurugram, one of India’s prime real estate hubs, has witnessed a significant surge in housing sales in 2024, crossing an astonishing Rs 1.07 lakh crore, according to recent reports. This remarkable growth showcases the city’s increasing appeal among homebuyers and investors alike.
Luxury and Premium Segment Boom
A major portion of this revenue comes from the premium and luxury housing segment. The demand for high-end residences has seen a sharp rise, fueled by increasing disposable incomes and an influx of HNIs (High Net-Worth Individuals) and NRIs (Non-Resident Indians) looking to invest in Gurugram’s upscale projects.
Infrastructure Development
Infrastructure enhancements, including metro extensions, road widening projects, and the upcoming Delhi-Mumbai Expressway, have significantly contributed to the real estate boom. Improved connectivity has made Gurugram an even more attractive destination for homebuyers.
Corporate Expansion and Job Market Growth
Gurugram continues to be a preferred destination for multinational companies and startups. With increased job opportunities, the demand for residential properties, especially in well-connected micro-markets, has surged.
Government Policies and Reforms
The implementation of favorable real estate policies, streamlined approval processes, and incentives for developers have played a key role in boosting housing sales.
Golf Course Road & Golf Course Extension Road – Known for luxury residences and high-end apartments.
Sohna Road & Southern Peripheral Road (SPR) – Emerging as preferred locations for mid-segment and luxury housing.
Dwarka Expressway – Gaining traction due to excellent connectivity with Delhi and upcoming infrastructural projects.
Experts predict that the real estate sector in Gurugram will continue its upward trajectory in the coming years. With ongoing infrastructure developments, a growing job market, and increasing investor confidence, the city remains a hotspot for residential property investments.
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