The Evolution of Indian Real Estate
Gurugram, along with Delhi, Bangalore, and Mumbai, has attracted a lot of job growth in recent decades. This has caused Indian real estate to show exponential growth. The past two decades has been of real stabilization and growth in the Gurugram real estate market dynamics with both end-user and investor demand for residential properties reaching a 10 year high. Different forms of real estate agencies, this growth is particularly evident for the mid and premium segments, which is a strong positive signal for the economy and for the market from the consumers, or more correctly — for the market itself, even more so in the light of the Real Estate (Regulation and Development) Act in 2016 which afforded a lot of help to housing consumers.
Gurugram: A Center for Investing in Skills Development
From expansion perspective over the years, cities like Gurugram have emerged as centers for skills development expansion. Gurugram has turned out to be a conducive environment for homeowners thanks to the nearby international airport, and improved connections resulting from road networks and a metro system. The city’s position as a business center, with many multinational companies and IT parks has caused an increase in the number of jobs available. Therefore, it has been noted that the availability of housing for sale in Delhi’s National Capital Region including Gurugram has been increasing steadily, even more so than in Mumbai and Bangalore.
Urban Living Standards Using Technology in Development Aid Smart City Vision
Also, the vision of developing Gurugram as a smart city has added more feathers to the cap as far as demand is concerned. The use of new technology developments in the planning of towns, management of infrastructure as well as provision of public services has enhanced the livability index of the city, making it more attractive to prospective buyers. The development of the Delhi-Mumbai Industrial Corridor has further improved it linkages to the states situated to the western and southern parts of the country which has potential for both industrial and urban growth.
The Mid and Premium Buyer Segment
Investing in Property appears to be a one way avenue in Gurugram, with an ever increasing quality of life among residents, which includes those looking to live a modern lifestyle, are now viewing the purchase of Real Estate not only as an avenue of living but also a long term saved investment, more and more people are opting to do so in Gurugram, the robust stability in Gurugram’s economy has only created a heightened sense of confidence among new investors and in turn benefitted the areas economy.
A significant proportion of mid and premium buyers which is the focus group of Gurgoan clients of this project, also have global-level exposure through work or travel. Such buyers are looking for high-end homes that resonate with the aspiration of owning a home in a Dream Location.
Signature Global: Elevating Gurugram’s Real Estate Sector
Gurgaon is considered a global city, and thrives as a metropolitan, but it still has a lot of potential to flourish, and that’s where companies such as Signature Global step in. Signature Global is a leading real estate promoter in the city, and has garnered quite the market and is now looking to expand. The introduction of such a firm adds to the wide variety of lifestyle buyers and investors in Real Estate in the area.
For more information about Dream Location and to search your dream property, please visit Dream Location on Google Map. Contact us today to know more about the best real estate deals in Delhi and North India; we will connect you to the right property investment.