Connect with us






News

Navigate the Right Investment Opportunity: Why Now is the Ideal Time to Invest in Gurugram Real Estate

By: Ashwani Kumar, Pyramid Infratech 

Gurugram is Delhi NCR’s one of the most famous sub-regions. Ever since it came up in its modern avatar in the 1970s, Maruti Suzuki established its first factory in the city. Subsequently, the region underwent a massive makeover over the years and turned into a millennium city and a corporate hub. Since then, there has been no looking back, and Gurugram has rapidly evolved into one of India’s most promising real estate markets.

Substantial infrastructure developments, a dynamic corporate environment, and strategic southward expansion have further consolidated the city’s position turning it into an investor’s goldmine. Today the city presents a golden opportunity for real estate investors. Here’s why investing in Gur real estate now is a prudent decision.

Among the foremost factors establishing Gurugram’s supremacy are its strategic location and superior connectivity. Close to Delhi and adjacent to the Delhi-Jaipur Highway, the massive improvement in connectivity that Gurugram has recently witnessed includes the Dwarka Expressway, reduction in driving distance to the upcoming Jewar Airport via the Faridabad-Noida-Ghaziabad (FNG) Expressway have further enhanced the lure of the city. 

Infrastructure development in Gurugram has been a key driver of its real estate market. The inauguration of the Dwarka Expressway, extensive roadways, and new Metro projects have not only improved connectivity but also spurred demand for residential and commercial properties. Areas such as Southern Peripheral Road (SPR) and Golf Course Extension Road are emerging as new realty hotspots, with developers like Pyramid launching innovative projects.

Gurugram’s prominence as a corporate hub and closeness to industrial townships have also imparted the city its edge and enhanced the appeal of the city’s residential and commercial developments. As a result, Gurugram attracts a diverse pool of buyers, including millennials, ultra-high-net-worth individuals, and expatriates. Its status as a hub for multinational corporations and a global corporate centre makes it an attractive location for luxury living. The city’s high-quality lifestyle, coupled with state-of-the-art residential developments, appeals to affluent buyers seeking premium properties.

Advertisement






As a result, Gurugram’s real estate market has not only performed well but also consistently provided high returns. While the average residential property prices in the top seven cities in India increased by 6% to 9% in Q1 2023, City’s Golf Course Road micro-market saw an impressive 42% year-on-year appreciation and 26% quarter-on-quarter growth. The city’s appetite for luxury and ultra-luxury properties has also surged, with a 6% increase in luxury home sales priced above Rs 1.5 crore in 2023 compared to 2022. Micro-markets such as South Peripheral Road, Golf Course Extension Road, and NH 8 have emerged as key hubs, recording around 44% share in total supply according to Cushman and Wakefield’s Residential Q1 2024 report.

Southern Peripheral Road and Golf Course Extension Road have soon emerged as new realty hotbeds and turned into sought-after residential and commercial addresses. As new micro-markets develop and demand for luxury housing continues to rise, there has never been a better time to invest in Gurugram’s real estate and reap good returns both in the medium and long term.

Trending