Future Plans That Will Boost the Investment of Real Estate in Gurgaon

1. Future Plans That Will Boost the Investment of Real Estate in Gurgaon Gurgaon has always been an attractive property investment destination in Delhi-NCR and demand has been exploding in recent years. The city has been heralded as an IT city since the country opened its economy to international investment. With the highest per capita income, optimal connectivity and high-class infrastructure, Millennium City has become a major industrial and residential centre attracting buyers from all over the world over time. time. Known for its futuristic glamor and luxury combined with sustainability, it's always on the radar of high-value investors as well as millennials looking to own a home or best property in Gurgaon. As a result, the residential real estate market here is quickly becoming a favourite not only of the super- rich but also of the fast-moving millennials, fuelling the growth of all forms. housing development. Existing government proactive policy initiatives, such as the New Integrated Licensing Policy (NILP- 2015), have also helped unlock the city's significant growth potential, taking advantage of neighbourhoods unused land, thereby creating impetus for real estate development. the city's potential. Let's take a look at some of the key deciding factors - More options and better investment opportunities The housing market is brimming with opportunities as UHNIs, expats, business owners and even NRIs seek out premium housing spaces from reputable and branded developers. Thus, the sale of land, apartments, villas, houses, etc. happened, due to low interest rates and higher return on investment. According to an industry report, NRI's investment in Indian real estate was around $14.9

2. billion in FY22. A significant portion of this investment has found its way into the North Indian property market, with Gurgaon being the top choice. The weakening of the Indian rupee, historically low interest rates and growing home ownership trends have spurred NRIs to invest in the Indian property market. The implementation of the Real Estate (Regulation and Development) Act 2016 (RERA) and many other policies have further boosted the real estate scene in Gurgaon to a large extent. Demand is high in Gurgaon because the city is home to over 250 Fortune 500 companies and has a business culture. Furthermore, it is one of the major IT hubs of India; Therefore, it is very popular among professionals who are looking for a comfortable place to live. CII-ANAROCK's consumer sentiment survey conducted last year showed a significantly higher NRI rate also looking for luxury apartments. According to the survey, at least 53% of NRI respondents who are considering buying property in India would do so for personal use and 47% for investment. These trends are very promising for the residential real estate market. Healthcare infrastructure and socialization Changing lifestyle is the main driver behind the luxury housing trend, and the wealthy are looking to these spaces to escape the mundane life and opt for spaces that reflect comfort and luxury. According to Sotheby's Luxury Housing Outlook-2022, up to 67% of high-net-worth individuals intend to buy a luxury home by 2022. The demand for apartments with 24/24 security gate, modern facilities such as club, gym, spa, tennis court, badminton court and swimming pool has become a sought-after product. Modern equipment, accessibility and audio connectivity Gurgaon's vibrant business districts, developed social infrastructure withbest commercial projectin Gurgaon, modern hospitals, numerous shopping malls, entertainment facilities, restaurants and hotels, cinemas, etc. The perfect complement to the city's futuristic charm for a laid-back stay. life. Other factors that contribute to the glory of this cosmopolitan city include inclusive lifestyle, accessibility, outdoor sports facilities, greenery, cycling and walking paths, and more. In addition, the concept of "walking to work" is a catalyst and preference for proximity to work also makes the city a hot spot for residential real estate. The city has excellent connectivity and has excellent road infrastructure and metro lines. It offers seamless connectivity to Delhi International Airport and major railway stations, and easy access to Faridabad, Delhi and key areas of the NCR region. QL-8, Southern Ring Road, Central Ring Road, SPR Post. and KMP Expressway, among others, are the cornerstones of emerging businesses in the region. In the near future, the upcomingDwarka Expresswaywill add great value to real estate in the area. Bright future Recently, there has been a major shift in consumers' approach to the residential real estate market, and large spaces hidden among verdant trees have become prominent. Residential registered strong growth from January to March 2022, with demand growing 4.6% quarter-on-quarter (QQ) in 13 Indian cities. Gurugram recorded 9.6% growth according to Magic bricks' Prop Index report. In addition, the pandemic has reaffirmed the importance of comfort and luxury in residential real estate, which holds promise. Going forward, the Gurgaon real estate market will benefit the most from the positive trends and favourable operating environment for it.