Gurgaon has been observed as an important realty market of the country, and especially in the National Capital Region (NCR). Property in Gurgaon has been witnessing increasing demand due to rapid growth. One of the significant reasons that led to the rapid growth in the city was the burgeoning industrialization. Presence of various multinational corporations attracted countless expatriates and NRIs that further resulted in Gurgaon’s realty boom.
The increase in the urban population of Gurgaon coupled with scarcity of land in NCR has made property in Gurgaon one of the most expensive residential hubs. The city is also witnessing high degree of growth in others aspects such as infrastructure, social facilities, connectivity and many more. These factors invite a lot of builders to launch their residential projects in Gurgaon.
Being a financial hub, the city has attracted people to settle down near their workplaces. Gurgaon also offers luxurious homes to High Net Worth individuals (HNIs). The demand for a modern lifestyle and fashionable living accommodation has also increased the growing need for residential projects in Gurgaon. The real estate development companies offer amenities and facilities which people desire from apartments to villas with hi-tech facilities, swimming pools, multilevel parking, power backups and high level security. The demand for these luxurious projects has increased not only for the end users but also for the investors.
Gurgaon also enjoys a robust connectivity which is the major highlight of the city. The place is well connected to northern parts via the Sohna Road and in the East via the Golf Course Extension Road. The Sohna Road further connects to the Delhi-Jaipur expressway which is a 4 lane highway connecting the satellite city to Delhi. Dwarka Expressway also known as Northern Peripheral Road (NPR), is one of the major under construction expressways in Gurgaon. The expressway will connect Dwarka in Delhi with NH – 8 at Kherki Dhaula in Gurgaon and will pass through Pataudi Road. It is the third direct link between Delhi and Gurgaon
The 18 km stretch of NPR is likely to boost the connectivity between two regions and cut down the traffic woes, linking Dwarka to other parts of Delhi. The city is also well connected by rail with rapid metros that run within the periphery and offers easy and fast access. Apart from this the city is also well connected to other parts of Delhi and NCR through metro. Railway station is also situated within the periphery of the city. IGI Airport is just 45 minutes away drive. Hence, the city is well connected by road, rail and air which further adds to its attractiveness.
Social Infrastructure and lifestyle quotient.
The city also enjoys a robust social infrastructure with a number of good hospitals, schools and colleges. A spate of malls, clubs, restaurants and other fun and entertainment avenues add to the lifestyle quotient of the city. All these factors lead to the increasing demand of residential units in the city.