The real estate market in Gurugram saw a considerable surge in demand and activity in the run-up to Diwali driven by robust demand from buyers, which industry experts said is likely to carry on into the end of the year and continue to push the bulk of the industry in the Delhi-NCR region. The demand for residential properties, particularly in the Delhi NCR market, has risen steadily, and Gurugram stands out as a prime hotspot, experts said. Experts said that the bulk of the interest in the region was around locations such as Dwarka Expressway, Southern Peripheral Road (SPR), New Gurugram, Golf Course Road, Golf Course Extension Road, and Sohna Road due to improved infrastructure and better connectivity these areas offer.
With ongoing metro projects, rapid rail facilities, and road expansions, these areas have become sought-after destinations for homebuyers, said property developers and consultants. Data highlights the robust momentum in the real estate sector in the past few months. According to a October 25 report by Anarock, Delhi NCR’s average residential property prices went up 29% year-on-year in the July-September quarter, spurred by high demand, increasing input costs, and an expanding supply of luxury homes.
This price rise points to a thriving real estate market, especially in Gurugram, where high-end properties increasingly appeal to younger buyers, including millennials, who now constitute nearly 45% of the region’s luxury homebuyers. The report by Anarock furt.
