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.
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