Residential investment in Gurgaon

In the state of Haryana, Gurgaon, also known as Gurugram, is a well-planned city that is close to Delhi and Noida. Gurgaon is India's second-largest IT hub, despite being a satellite city of Delhi. Additionally, it is third in line to become the nation's largest banking and financial hub.

 

In India, several Fortune 500 companies, small and medium-sized businesses (MSMEs), and large corporations have their headquarters in Gurgaon; and the fact that the city has been ranked eighth largest in terms of wealth is not surprising.

 

Gurgaon offers prime opportunities for the residential real estate industry to flourish in the near future due to its diverse portfolio of healthcare facilities, educational facilities, multi-dwelling apartments, well-planned neighborhoods, and contemporary architectural planning.

 

The following are a few reasons why investing in the residential real estate sector of Gurgaon is a lucrative opportunity for investors: Top Reasons to Invest in Residential Real Estate in Gurgaon

 

Network

The city of Gurgaon has noteworthy structural preparation and its transportation framework interfaces every one of the pieces of the city flawlessly. The city's roadways, railways, intercity rail, metro, airways, and public transit systems make it easy and quick for citizens to move around the city.

 

The NH48, which connects Delhi and Mumbai, is one major highway that links Gurgaon to Delhi. Another highway with a length of 17.2 miles is the Delhi-Gurgaon-Expressway. The Gurgaon-Railway-Station is a significant component of Indian railway networks and is managed by the Northern wing of Indian Railways. Four additional railway stations in Gurgaon are also undergoing modernization.

 

Facilities for Transportation The city also has impressive metro lines: Rapid-Metro has 11 stations and Delhi Metro has 5 Yellow-Line stations. The Indira Gandhi International Airport in Delhi, which is close to NH8, is the closest airport.

 

In addition, in November of 2013, Gurgaon became the first Indian city to implement the Ciclovia initiative, which encourages non-motorized transportation by closing street corridors on Sundays to motorized vehicles.

 

Education Hub

The city has a long history of educational establishments. The reputable Haryana Board of School Education oversees the state's public schools, which are under the authority of the Haryana Government. In addition, the city is home to several accredited colleges and universities, including the well-known Sushant School of Art and Architecture, ITM University, GD Goenka University, Shree Guru Gobind Singh Tricentenary University, and others.

 

In addition, the National Brain Research Center is established in Gurgaon.

 

Opportunities for Residential Real Estate Investment in Gurgaon The most ideal locations in Gurgaon for residential real estate investment opportunities are listed below.

 

Sector 57 in Gurgaon is a great place to invest in real estate due to its excellent rail and road connectivity and transportation options. Here, the residential real estate is affordable and in the middle of the budget. The projects BPTP-Freedom-Park-Life, AEZ-Aloha, and The White House are among the upcoming notable ones in Sector 57.

 

In addition, the neighborhood is home to W-Pratiksha-Hospital and Artemis-Hospital, two hospitals. DPS-International-School, Scottish-High-International-School, and St. Xavier's-International-School are just a few of the numerous educational establishments in this sector.

 

The average price of a home in this area is between 6500 and 9800 per square foot.

 

MG Road This area is dominated by well-known residential developments that are rapidly expanding, such as DLF and Suncity-Projects Pvt. Ltd., as well as other developers who are quickly catching up. Based on the variety of ways to get there, residential real estate investors might think this place is worth investing in.

 

Inside 1 km, two well known Metro stations are found which straightforwardly connection to Delhi's significant Metro line for example from MG street to Sikanderpur. Additionally, MG Road is approximately 14 kilometers away from IGI Airport and NH48.

 

Here, residential property prices start at  5000 per square foot on average.

 

Things to Think About Before Buying a Residential Property in Gurgaon These are a few things that every investor should think about before investing in the Gurgaon residential real estate market.

 

The company houses several Fortune-500 companies in India, in addition to SMEs, MSMEs, large businesses, and startups. It also provides employment opportunities. As a result, Gurgaon ranks third in India in terms of per capita income generation. Maruti Suzuki's first manufacturing facility was located in this city in the 1970s. DLF Limited has also established itself in Gurgaon, encompassing vast landscapes.

 

General Electric, an American corporation established in 1997, is yet another well-known brand established in this location. This city has become a conglomeration of industries that generate employment opportunities thanks to these and the establishment of domestic and international businesses in the IT, sales, service, software, and manufacturing sectors.

 

RERA Authentication The Real Estate Regularity Authority Act of 2016 was introduced by the Haryana state government to ensure the rights of property owners and promote greater clarity and expansion in the real estate industry. All residential and commercial real estate properties must be registered under the act. In addition, the Act guarantees that transactions between developers and property allotees will remain open.

 

Buyers and developers alike are also required to register on the state's official RERA website. With this, interested buyers will be able to safeguard their interests, obtain timely information on a property's completion, and narrow their search to only verified properties.