Gurgaon is a financial city situated in the National Capital Region (NCR) near the country’s capital. It is part of Haryana state and has the third highest per capita income in the country. The city has witnessed rapid urbanization over the last three decades. A financial hub housing some famous multinational companies, it is known as the ‘Millennium City’. The demand for a high-class lifestyle with all amenities and facilities has made way for the premium 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 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.
With growing infrastructure development and location advantages, better connectivity and important business houses, Gurgaon’s premium real estate market is experiencing a boom. Real estate appreciation in Gurgaon is more than any other city in India. With Reliance venture and Haryana government setting up multi product Special Economic Zones (SEZ), the infrastructure is also getting tremendous boost and so are the other services.
The city attracts a lot of young talent and hence the demand for a modern lifestyle and fashionable living accommodation has increased the demand for premium residential projects. A number of renowned housing development companies have developed real good homes. The planned development of the area adds to the reason that prospective buyers choose this booming city, DLF is one such housing company.
Other than the booming IT and BPO sector, there are various other factors that increase the demand for premium residential properties in Gurgaon:
• The establishment of various malls and stores has increased the value of residential properties.
• People who have high disposable income opt for Gurgaon apartments as a means of investment.
• The metro rail link.
• Good infrastructure
• State of the art construction and designing of the apartments and villas.
• For MNCs modern well-equipped studio apartments/serviced apartments.
All the above factors and more are the reasons for demand and investment in premium residential properties.
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