Investing in real estate is currently the prevailing trend, as purchasing property, be it residential or commercial, is the aspiration of every individual, from seasoned investors to sincere buyers. When it comes to achieving high returns on investment, cities like Gurugram prominently feature in everyone’s considerations. Indeed, Gurugram has established itself as a pivotal player in India’s real estate sector, with top multinational corporations operating from the city, providing employment to tens of thousands of professionals with lucrative salary packages. Additionally, the city hosts a large number of automobile and garment industries, collectively employing over a million individuals, making Gurugram a warm and appealing job market. Furthermore, in recent years, Gurugram’s real estate sector itself has emerged as a significant employment hub in India.
The abundant employment opportunities in these sectors have led to a population explosion, consequently fueling a surge in housing demand in major urban centers across the country, with Gurugram being the top choice for many young professionals.
Recent data indicates that housing sales in Gurugram experienced a robust growth of over 10 percent last year compared to the preceding years of 2022, with the demand primarily driven by the mid-income class, particularly for luxury residences. Conversely, in the Delhi-NCR region, there was a marginal 3 percent growth in housing sales during 2023.
Real estate experts attribute the rise in housing sales in Gurugram to positive consumer sentiment and the development of various infrastructure projects. Gurugram has emerged as the socio-economic nucleus of India and serves as a splendid showcase of the country to the world.
For mid-income and luxury housing, Gurugram is hailed as the prime city for real estate investment, with young professionals and nuclear families increasingly adopting the trend of investing for high returns. The bustling development in the area, coupled with excellent connectivity and the availability of essential amenities such as malls, hospitals, schools, and entertainment hubs, has heightened buyer interest. Areas like New Gurugram, Dwarka Expressway, and the Southern Peripheral Road are witnessing substantial buyer interest, driving double-digit capital value appreciation.
During the inauguration of the expressway, Prime Minister Narendra Modi remarked that Gurugram has become the preferred choice for residents aspiring to purchase property in or around the Dwarka Expressway, and large corporations are actively seeking investment opportunities in the area, indicating significant progress for Gurugram.
Signature Global, a prominent real estate developer, which has played a significant role in reshaping Gurugram’s real estate sector by delivering quality housing projects in the city, firmly believes in the immense potential of Gurugram.