Gurugram Takes the Lead in Real Estate in 2023: Gurugram will be the new champ in India’s real estate world in 2023. It’s growing fast and changing the way things look in the city, all thanks to some exciting changes.
Builders are making all kinds of homes, from fancy apartments to eco-friendly shared living spaces and big houses. Gurugram is where all the cool new projects are happening to fit what people want today.
Vivek Singhal, who is the boss at Smartworld Developers, tells us this: Gurugram is not just any city; it’s like the superhero of India’s real estate. It’s changing the game like never before. People love houses in Gurugram, especially the ones where folks live,
and prices are going up by 20% every year. The cool places to buy homes here are Dwarka Expressway, Golf Course Extension, and New Gurgaon.
Vivek Singhal also says, “Guess what? The Golf Course Extension Road is like Gurugram’s heart now. It’s filled with new roads, fancy homes, offices, shops, fun places, and things to do. They say that from 2019 to 2022, the rent for big, luxurious homes of about 2,000 square feet went up by 18%. It started at Rs 49,000 per month in 2019 and went to Rs 58,000 per month in 2022.”
Exciting news in Gurugram’s real estate world! There’s a huge deal worth Rs 100 crore for a gigantic 10,000 square feet apartment at The Camellias by DLF on the Golf Course Road. And, in the April-June 2023 quarter, property prices in India went up by 6% compared to the previous year, but Gurugram is the star with a 12% increase.
Recent info from Magicbricks tells us that Gurugram’s rocketing up with a massive 28.9% growth in just one quarter, way ahead of the country’s 10.4% average.
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Mohit Malhotra, the big boss at NeoLiv, tells us this: Gurugram is getting popular because it’s a hotspot for big companies, new businesses, and skilled workers who want great places to live. They’re also making the city better with new roads and stuff. This demand for housing is going strong, especially for mid to fancy homes. And it looks like things are going to keep getting better in this area.
Something really surprising happened: lots of houses got sold in Delhi-NCR, more than they’ve sold in 10 years, and Gurugram did most of the selling, with a whopping 52% of all the houses bought. And the price for each square foot was around Rs 7,000-7,200, showing that Gurugram has a lot of potential to keep growing.
Kunal Rishi from Paras Buildtech has something to say about this: Gurugram is like a magnet for people looking for a better life, whether they’re buying a home for the first time or they’ve done it before. There are now more tall buildings to live in, which is what many folks want after the pandemic.
Plus, the city has great connections, top-notch stuff like roads and buildings, and all sorts of cool new projects, like houses with their own space or fancy apartments. Gurugram is like a big hub for both living and working, and it’s attracting smart buyers from all over the world.
In the coming years, Gurugram’s future looks exciting, and it’s set to achieve even more amazing things. The city’s skyline, which used to be full of possibilities, is now filled with incredible buildings that change the way we live in cities.
Experts in the real estate world say that Gurugram isn’t just a city for today; it’s a glimpse into the future, showing us how much we can do in the world of real estate. Every day, it keeps us excited to see what’s next in its remarkable journey.
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Source: Financial Express
