The Gurgaon real estate market is one of the most profitable sectors in the country today. An increase in urban, semi-urban colonies and a rapidly increasing demand for premium office spaces, supported by a growing corporate culture have all contributed to the advancement of this sector. The expected growth in this sector is expected to attract a significant number of NRI investors, both in the short and long term timeframe according to a survey conducted by SeedWill Consulting one of the leading property consultants in Gurgaon.
Post the COVID-19 scare last year, NRI home buyers are preferring to invest in luxury properties back home. Most NRIs prefer investing in residential properties in leading IT hubs like Gurgaon and Bangalore.
A location that has seen a significant number of investments in both the commercial and housing sector is the city of Gurgaon. There are a lot of options available in both budget and luxury apartments in Gurugram. There is an affinity amongst buyers to go for ready-to-move-in houses. The introduction of GST rebates and attractive schemes such as “pay after moving” are some of the reasons why the city has seen tremendous growth in the real estate sector. There is an increase in demand for practical housing that can be adapted into workspaces as work from home is the new normal since the pandemic last year.
There’s an increase in demand for 2 BHK and 3 BHK flats in Gurugram as people have started looking for extra space in apartments to convert them into temporary workstations. Keeping in mind the upcoming traffic issues in the city most homebuyers prefer a property that is closer to their offices in order to reduce the time spent in travelling and increase efficiency.
Gurugram: A Hub for Property Investments
Gurugram is known for providing excellent choices in the real estate market that can suit both the buyer’s preference and their budget. With the arrival of both international and national corporate heavyweights of the real estate world, the city has witnessed an exponential rise in the number of jobs. This increment has led to a huge demand for property in Gurgaon.
The state government has been working tirelessly to turn the city into the next financial capital of the country by renovating public infrastructure, improving connectivity and updating policies to attract potential investors and buyers. This has culminated in the city offering multiple avenues of budget and luxury housing options for sale. Due to its close proximity to the nation’s capital a high rate of return of investment can be expected from both the residential and commercial projects.
Top Locations in Gurgaon for Investing
If you wish to invest in the best property in Gurgaon then New Gurgaon is the place for you. Connected by NH-8 and the Dwarka Expressway, the place is emerging as a prime residential location for a large number of home seekers. The upcoming residential and commercial projects are also expected to boost the growth of this place.
Another location that has seen rapid growth in terms of residential properties is the Golf Course Extension Road. It has several nearby reputed educational institutes, hospitals, entertainment hubs, social centers, etc. It is also in close proximity to the Indira Gandhi International Airport. Many major developers have set up their shop in this region attracting attention from both homebuyers and investors.
Dwarka Expressway is another prime location for investing in Gurgaon. It has excellent connectivity with Delhi, major office spaces in Gurgaon and the international airport. Well outlined plans, state-of-the-art infrastructure and its closeness to aerocity make it an ideal location for future investments.
The Millenium Work City
In recent years Gurgaon has become a hub for large MNCs as they have opened their satellite offices in town. This multi-ethnic town has been a source of attraction for a large population of youth from the adjoining towns. These individuals make up a significant portion of the workforce in these companies. Most of them stay in rented apartments further raising the property prices and attracting real estate investors. Some of the top MNCs such as TATA Consultancy Services, Infosys Limited, WIPRO, ORACLE and Mahindra Tech among others have set up shop in the city.
Benefits of Co-living
Co-living spaces have become the next big thing, thanks to a lot of college students and young professionals. These individuals prefer shared accommodations to get a decent living space without spending too much. These accommodations offer complete privacy and freedom to their residents. Such spaces offer all the essential amenities such as internet connection, housekeeping services, fully furnished rooms etc. which makes it more convenient for the residents.
High Rental Yields Expected
According to research conducted by prominent real estate consultants in Gurgaon, the rental yield of Gurgaon is currently at 3.5% as compared to a 3% national average. Properties in the Gurgaon area are giving great returns keeping in mind the location, project type and developer’s brand value. The city is regarded as an ideal place for working professionals who are always on the move.
Q.What are the top localities to buy a property in Gurgaon?
A. The locations in Tier1 or Tier-II levels that can suffice you need to buy a house in Gurgaon. Some of the tops featured localities you can look to buy a property are as follows:
Q.Are their properties in Gurgaon available from owners?
A. Yes, there are numerous of ready to move properties in Gurgaon. Explore all on
www.seedwill.co. Realise your search query results using important aspects like price and the posting date.
Q.Are there any ready to move properties in Gurgaon?
A. Yes, there are numerous options on ready to move properties in Gurgaon. Explore all on www.seedwill.co. Realise your search query results using important aspects like price and the posting date.
Q.Are there any affordable apartments in Gurgaon?
A. Yes, there are innumerous in-budget apartments in Gurgaon. Just stick to find out on www.seedwill.co for the detailed list of properties that suit your budget and other search requirements.
Q.Are there any apartments available for sale in societies in Gurgaon?
A. Yes, there are innumerous spacious apartments in Gurgaon. Just stick to find out on www.seedwill.co for the detailed list of properties that suit your budget and other search requirements.
Q.Is it the right time to buy property in Gurgaon?
A.Yes, as on charts the expectation from Gurgaon realty sector is very high this year. The chances are high that one can witness a change of 5-10 per cent of price appreciation in the coming months. At present prices in the realty sector have soared and have reached historic lows of all-time thus, making it the best time to invest in property.
Q.Is Gurgaon a posh area?
A.Gurgaon has a good number of residential projects and some of them are built pristinely and are thoughtfully designed to categorise them among posh living spaces.
Q.How can I buy a flat in Gurgaon?
Q.What is the cost of living in Gurgaon?
A. The life here will take Somewhere INR 10000-20000 will take care of your food and grocery demands as per your needs while it takes another lot of Rs. 5000-10000 on transport expenses. In short, the overall cost of living a well-connected and convenient life in Gurgaon can come up to Rs. 40000.
Q.Is it good to buy property in Gurgaon?
A.The major benefit of this locality is its property options which are comparatively excellent, as compared to other established localities in Delhi NCR. Ease of connection with Golf Course Road and Sohna Road makes it a preferred residential hotspot for homebuyers and investors.