Luxury real estate market of
gurgaon:-
There was a time when the Realty Analysts used to doubt the calibre of
Gurgaon Realty Market. Slowly and steadily the time has come when the city has
become the first choice of people when it comes to investing in the Luxury Real
Estate Market.
Major Points:-
·
Young Professionals are driving the demand of Luxury
Segment in Gurgaon. According to recent survey by Associated Chambers of
Commerce and Industry of India (ASSOCHAM), urban youth aged between 24 to 35
years are the ones who are investing in the Real Estate.
·
The youngsters see Gurgaon as a city offering the right mix
of lifestyle amenities, varied residential options and professional stability
as well. The young buyers working in Multinational Companies are exposed to
Global Living and prefer Multi Storied buildings to live in.
·
They prefer living in present rather than worrying for the
future. This psychology gives the young India the power to invest in the luxury segment. The sale of luxury projects
has gone up by nearly 30% in past few years.
·
The Luxury
Residences start from the range of Rs 1.15 Crore. The price directly depends on
the number of amenities being offered. When it comes to Gurgaon then the areas
like Dwarka-Gurgaon Expressway, NH-8, and Golf Course Extension Road seem to be
promising.
·
Many renowned builders like DLF, Vatika, Unitech, IREO,
Homestead, Shoba Developers, Ansal API and more have already started to make
their impression in the city. Different builders are playing different market
strategies to mark their image in the market and shoot up their sales too.
·
Ireo has roped in the international hospitality chain Hyatt
Hotels for its branded housing product, ‘Grand Hyatt Residences’ in Gurgaon.
The range of the project will start from Rs 11 Crores. The project will offer
7-star like facilities to the residents.
·
Coming to Homestead, they
are coming up with Branded Luxury Housing as well. They have announced a
project ‘Ballet’ in Sector 72 Gurgaon. The project is inspired by Iconic Tennis
Player Maria Sharapova. Sobha, one of the well known developers from Bangalore
is coming up with Sobha International City in Gurgaon.
·
Puri Construction has also launched two high-end luxurious
projects, Diplomatic Greens and Emerald Bay, in Sector 104 and Sectors 110-111
respectively. Vatika Express City also offers Luxury Living Options. Going with
the experts, it seems that Gurgaon Market will continue to rule the Realty
Market in NCR.
·
The main reason behind this is the amenities that the city
offers be it Lifestyle, Amusement or Professional growth opportunities. Added
to all this the increasing transportation facilities with other neighbouring
states, close proximity to the IGI airport, and Metro rail connectivity to
Delhi, have also contributed to help Gurgaon reach to the position as a
preferred residential as well as commercial destination.
