On the outskirts of the National Capital Delhi stood a lazy town that nobody except for a few visionaries knew would go on to become one of the costliest real estate markets. Today, the city is bustling with activities in malls and offices, innumerable housing societies throng the city where lakhs of people from across India live with some who aspire to own one in this Millennium City.

What makes Gurugram the place to be?

1. Location:

In less than 30 years, Gurugram, located within a few minutes from Delhi has emerged as one of the costliest real estate markets in the country. It is home to more than 250 Fortune 500 companies. As a result of this, the demand for homes have been on the rise. According to PropEquity, Gurugram saw 160% rise in price of homes between 2019-2024 from Rs 7500 per sq. ft. to Rs 19,500 per sq. ft. The city boasts of good connectivity within the city and other parts of NCR, International Airport etc.

2. Rental Value and Capital Appreciation:

The influx of workforce into the city owing to high employment opportunities have led to the rise in rentals across the city. As a result, the demand for second homes for the purpose of investment and to earn monthly income have risen in the city. A recent report by Anarock pointed out that rental value growth has outpaced capital growth in some key micro-markets. For example, in Delhi-NCR's Sohna Road, the rental values rose 40 per cent since 2022 beginning, while capital values jumped by 54 per cent.

3. A cosmopolitan culture:

Gurugram is a highly sought-after city when it comes to fancy malls, entertainment and recreational centre. The level of aspiration and quest to live and work in this city is amongst the highest among today’s youth. Startups find this city an ideal destination to network and find investors, an ideal destination to build a community of like-minded business and investor community. The presence of global brands and the propensity to spend has made Gurugram an aspirational city.

4. Modern architecture:

New-age homes today have modern architecture filled with opulence and extravagance. The discerning homebuyers are desirous of homes that not just elevates their standard of living but also expresses the money spent to buy the property. Stuffed with modern amenities and world-class hospitality and conveniences, these luxury residences have evolved into private sanctuaries.

5. Services and Hospitality:

Such luxury homes boast of world-class hospitality and new-age services that define the lifestyle of today’s youth and wealth-creators. The benefit of added conveniences and rejuvenating amenities have become the go-to factors for homebuyers. 4S Developers’ 3&4 BHK uber green residences The Aurrum in sector 59, Golf Course Extension Road offers tripe height lobby, AV hall, sun decks, private elevators among others.

Conclusion:

Gurugram offers new-age homebuyers’ homes that only meet their lifestyle needs but also elevates their social status with them taking pride in their addresses. A good place to network and build communities, such homes have become more than just a prestigious neighbourhood but also offer them an escape from the noise, clutter and crowd. The city is amongst the costliest real estate destinations in the world with a huge potential to appreciate and create wealth for investors and homes for generations.