Gurugram A fast Growing City in the Nothern India.

It’s well-known that the real estate market in the Delhi-NCR region has skyrocketed in value over the past decade and continues to be an attractive property investment destination. However, given the astronomical increase in costs, Millennium City witnessed a slight dip during the last quarter when compared to the previous quarter.

With its unparalleled connectivity to critical infrastructure, the logistical advantage is the market can soon pick up the pace. Also, with the renewed interest of investors in the real estate market, the local market is set to benefit in the long run as it promises steady growth.

The residential market in Gurgaon is brimming with opportunities for real estate investors of all kinds – be it Expats, UHNIs, corporate professionals, or entrepreneurs. Speaking of residential properties, a recent report by PropTiger.com revealed that 3BHK apartments were the preferred configuration in Q2 of 2022, claiming 42% of the share in overall sales. With respect to the budget range, the report revealed that over 51% of the homes sold during the same period fell in the INR 1 cr+ price bracket.

Additionally, with India’s startup ecosystem booming and the skyrocketing entrepreneurial culture, Gurgaon’s standing as one of the hotbeds in the country for real estate has increased. Data shows that there are nearly 1500 startups in Gurgaon, further cementing the region as a goldmine when it comes to real estate investments. In fact, most of the units launched were sold in the micro markets of Sector 89, Sector 106, and Sector 62 in Gurgaon. The region has also witnessed a 9% year-on-year growth in property value, with prices falling between INR 6400 and INR 6600 as of 30th June 2022.

Aspects like the aforementioned, alongside the massive shift in consumers’ approach towards the residential real estate market and their preference for modern amenities, accessibility, an immersive lifestyle, and open, ventilated spaces, have made the city a goldmine of potential for real estate players. Besides, as residential properties continue to be built in Gurgaon, NRI investors also see the region as a plausible option for investments. In fact, in FY22, NRI investments in Indian real estate were approximately USD 14.9 billion, a number that was predicted the previous FY, with Gurgaon being the top choice in the northern section of the country.