Gurugram is firmly established as an important destination in India’s real estate market. It is driven by rapid growth, robust infrastructure and proximity to the national capital. In the last five years, Gurugram became one of the premier destinations as far as re-readies went. Housing prices have gone up by as much as 160% over the past five years, far exceeding the national average of 88%. This has, as a result, made Gurugram one of the Indian real estate industry leaders, with average home prices now at Rs 19,500 per square foot, against Rs 7,500 a year ago. This is a trend parallel with the recovery made by the Indian realty industry, which has recorded notable strides since the pandemic period. 

The primary aspect is that markets recovered from the setbacks caused by the COVID-19 crisis and are now in a stage of consolidation and expansion. In this landscape, uptick sales in most segments have led to new pockets of growth in mid-tier and luxury space within the offerings of the sector. In that regard, Gurugram stands out – it’s not only topping the list but is actually spearheading the way for more new and vibrant spots as possible residential and commercial hotspots. 

This time, it is spaces like Dwarka Expressway and New Gurugram that have emerged as key growth loci for both residential as well as commercial development. Gaining traction on the back of very strong demand, the infrastructure-enhanced zones are emerging rapidly as the new landmarks of the city. The strategic proximity of the city to Delhi and other key commercial belts has ensured that it remains the favored destination for the homebuyer and investor alike. 

Along with residential growth, Gurugram’s commercial real estate market also indicated momentum, as businesses moved out to find prime office spaces in the NCR. Increased demand coupled with improved connectivity and urban planning further solidified Gurugram as a real estate powerhouse. 

Gurugram is ready to give a new shape to the Indian urban scenario for the next decade by being at the forefront of quality improvement and sustainability and connectivity. The city is slowly but surely emerging as the cradle of transformation for India’s real estate sector.