Gurgaon is not only the real estate hub; it is also a business center and a city for political conglomeration and business deals. Over two thousand automobile and garment industries, in addition to the world’s top Fortune 500 companies, operate from this city, providing employment to tens of thousands of people and propelling the need for housing demand year after year. A lifestyle in Gurgaon is the dream of every individual in India, signifying growing prosperity. After the Real Estate Regulatory Authority (RERA) came into existence, the hopes of homebuyers received a new boost for investment. Real estate experts believe the population of cities in the National Capital Region (NCR) is growing rapidly, especially in Gurgaon, where authorities predict it will surpass forty lakh figures over the next five to seven years.
The growing popularity and prosperity of Gurgaon in aspects such as jobs, education, health, business, and housing over the past two decades have set a trend to attract investors from around the world, leading to its rapid growth. The rapidly growing population is certain to propel housing demand in the city. Given its proximity to the international airport and the national capital of Delhi, every investor and property buyer prefers investing in or buying property for a secure future and high return on investment. Buying property in Gurgaon is seen as an assured source of income, as property prices double and more within three years. The state government increases circle rates twice a year to accommodate the high sale-purchase ratio in Gurgaon. Highways and expressways such as KMP, DMIC, Dwarka Expressway, and major companies like Maruti, FlipKart, along with proposals like Jungle Safari and Global City, provide significant job opportunities.
The real estate sector of Gurgaon is known globally, attracting investors and habitats worldwide. The Roads, Highways, and Transport Ministry of India has shown interest in building infrastructure to promote business and accelerate economic activities. A proposed two-layer elevated road between Dhaula Kuan and Manesar by NHAI is not surprising, given the need of the time to decongest traffic for both long distances and local routes. Smooth traffic is essential for smooth business conduct.
Based on these factors, a surge in residential unit demand is expected, fueling real estate promoters to launch projects in the National Capital Region in 2024. Signature Global, in the past decade alone, has provided housing units to a large section of the growing population which were environment friendly also.