Gurgaon being a part of NCR always reminds me of High Rise buildings and beautiful residential buildings. In the last few years, Gurgaon has become identical to luxury housing due to the launch of many residential projects in Gurgaon. These projects have always been in demand by high-end buyers as well as NRIs for whom luxury is a way of life. However, what is now visible is the growing demand for mid-segment luxury. One of the possible reasons for the same is that the maximum number of residential properties available in Gurgaon today is priced to cater to the mid-segment range. This in turn has positioned Gurgaon as a mid-segment luxury destination in addition to the high-end residential apartments.
Gurgaon has undergone fast urbanization during the past few years with an incursion of people from all corners of India as well as overseas. The wide scale of industries in Gurgaon attracts a huge workforce with heavy pay packages. This in turn is increasing the demand for residential projects in Gurgaon. In a bid to cater to this demand, developers are building both residential apartments and independent floors.
Golf course extension road, Dwarka expressway, and Sohna road are the most promising investment destinations for upcoming residential properties for sale in Gurgaon. Golf Course Road thus gained the tag of “the address” in Gurgaon, with exclusive luxury projects such as Aralias, Magnolias, Exotica, and Central Park 1 being located on this stretch.
In fact, Residential property prices on the upcoming southern peripheral road connecting to NH – 8 have seen substantial appreciation over the past few months. This location holds great investment potential thanks to the enhanced connectivity that NH - 8 provides to other parts of the city. Upcoming Residential properties in Dwarka Expressway have also attracted a lot of interest from the mid-income buyer group. As prices soar in upcoming locations of Gurgaon such as Golf Course Extension, Sectors 70, and Sector 78, buyers have been looking at these alternate locations. There are a lot of reputed developers coming up with a wide range of Apartments, High – end condos, Villas, Penthouses, and Plots for sale in Gurgaon.
Residential property in Gurgaon is no doubt facing a considerable rise in prices, therefore there are a lot of individuals/end users looking forward to something that could fit their budget. In this scenario, a new trend of affordable housing is emerging in Gurgaon, Bhiwadi, and other parts of Delhi NCR. A number of affordable housing projects in the range of Rs 12 lakhs to Rs 25 lakhs for a 1 BHK and 2 BHK apartments are coming up in New Gurgaon.