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Gurgaon Overview
Real Estate take a growth in gurugram.
Real estate take a growth in Gurugram due to its strategic location, modern infrastructure and promixity to the airport. The residential real estate market in Gurugram offers a wide range of option from luxury apartments and villas to affordable housing projects.
Future of Gurugram real estate
In 2023, Gurugram outshone other cities boasting a remarkable 28% quarter-on quarter growth, surpassing the national average of 10.4%
Role of Real Estate in Gurugram.
The Gurugram real estate market in 2024 promises to be dynamic and full of potential, with trends indicating sustainable living, affordable housing and growth in commercial spaces.
In 1979, the state of Haryana created Gurugram by dividing a longstanding political district on the outskirts of New Delhi.
The Gurugram has about 115 sectors, 36 wards which are further divided into small blocks and 1500 localities across the city including 256 main localities
Connectivity enhance the growth of Gurugram
With the advent of the ner Metro Rail project, Gurugram is set to witness a significant enhancement in its connectivity network.
Major growth take place due to connectivity of roads in Gurugram – Firstly we will talk about Southern Peripherals Road (SPR) stands as one of Gurugram’s pivotal real estate corridors, spanning from Gurugram – Faridabad Road near sector 58 to its connection with NH-48 near sector 74 A, intersecting Sohna Road at Badshapur chowk.
Now we will talk about Golf Course Road in Gurugram.
The 16-lane Golf Course Road comprises seven underpasses covering a total length of around 8.3 km. It was completed in 2018 to ensure signal-free travel from DLF Cyber City near NH-8 till SPR. The arterial road is dotted by IT offices, hotels, apartments complexs, malls and other commercial establishments.
DLF has the major role in changing the the beauty of Gurugram.
DLF was Founded in 1946 by Chaudhary Raghvendra Singh, DLF started with the creation of 22 urban colonies in Delhi. In 1985, the company expanded into the then-unknown region of Gurugram, creating exceptional living and working spaces for the new Indian global professionals. Today, DLF is the largest publicly listed real estate company in India, with residential, commercial, and retail properties in 15 states and 24 cities.
Brief about DLF Cyber city in Gurugram.
DLF Cyber City is a commercial area in Gurugram, Haryana, India, which was opened in 2003. The area is home to several top IT and Fortune 500 company offices. The area has been termed a “futuristic commercial hub” and is considered one of the largest hubs of IT activity in Delhi NCR.
Now, we will talk about how Gurugram become a corporate hub.
Gurugram’s transformation into a startup hub stems from a convergence of factors—proximity to Delhi, robust infrastructure, access to talent, and a conducive business environment. This amalgamation has spurred a burgeoning startup culture. The city’s startup scene thrives on technology and innovation.
As of 2011, Gurgaon had a population of 876,969. Gurgaon is India’s second largest information technology hub and third largest financial and banking hub. Today Gurgaon has the India HQ of 350
Fortune 500 companies. But in infotech, it remains as a hub for low value ITeS, not hard core technology.