Gurugram, often dubbed the ‘City of Dreams’, has witnessed remarkable growth in the luxury real estate market over the years. The city, renowned for its rapid development, innovative spirit, and thriving lifestyle, continues to attract discerning investors and homebuyers seeking an unmatched living experience. Whether it is sustainable living spaces, luxury high-rise condominiums, independent houses, villas, or bungalows, real estate developers focus on building visionary solutions catering to the emerging preferences of buyers.
According to the latest residential report by Cushman & Wakefield for Q1 2024, the Indian residential market witnessed robust momentum in the first quarter, fueled by sustained high demand. The high-end and luxury segment continued its reign in the first quarter, capturing approximately 34% of launches in Q1 2024. It also highlights that total unit launches across the top eight cities stood at 68,000. The Delhi-NCR region captured 61% of high-end and luxury housing total launches, with the Gurgaon region leading the way. Moreover, the capital values in the NCR witnessed an increase of 1%–2% on a Q-o-Q basis and 12%-15% on a Y-o-Y basis.
Various infrastructural developments, including metro and highway connectivity, give a new drive to residential real estate demand. The SPR corridor witnessed 3,614 units new launches during Q1 2024, with the luxury segment accounting for 61% of the share. This further highlights the growing demand for premium living in this region. It also highlighted a positive momentum in residential launches, with Gurugram dominating the entire Delhi NCR supply at 44% through focused demands primarily on SPR and NH8. This corridor also facilitates easy access to Indira Gandhi International Airport and the Delhi-Mumbai Industrial Corridor. This arterial route conveniently links Gurugram to major IT hubs, offering an ideal locale for those in search of upscale residences with seamless access to work and travel options.
Moreover, sector 80 Gurgaon is emerging as a premier hub for luxury residences, few of them even offering high-end “Golf-facing apartments” that redefine luxury. With its strategic location and upscale high-rise apartments to expansive gated communities and exclusive amenities, this region is attracting discerning buyers, positioning Sector 80, SPR, Dwarka Expressway and nearby areas in New Gurugram as a sought-after destination for luxury real estate.
Besides, a new trend is emerging in the real estate landscape i.e. future-ready luxury homes. These residences are not just about luxury and grandeur but also offer a blend of lavish living and sustainability catering to the evolving needs of homebuyers. These future-ready homes are architectural marvels that boast an array of amenities, ranging from infinity pools and sky lounges to fitness centres and concierge services, gated communities with round-the-clock security, energy-efficient lighting, green spaces, and more, offering residents a lifestyle of unparalleled comfort and convenience. Furthermore, luxury real estate projects in Gurugram incorporate smart home technology, allowing residents to control various aspects of their homes remotely.
The future-ready luxury residences in 2024-25 will seamlessly integrate sustainability into innovative solutions. Modern homebuyers prioritize eco-friendly initiatives, including solar panels for renewable energy, water-saving mechanisms, energy-efficient structures, and more, which have the dual benefit of decreasing the carbon footprint and significantly contributing towards saving costs. These homes also embody integrated HVAC systems, adaptive thermostats, and automated blinds that optimize energy usage.
Looking Ahead: Gurgaon Luxury Residential Market in 2024
Gurgaon stands as a shining example of how strategic infrastructure expansion and an evolving urban landscape can redefine the residential market’s trajectory. In particular, the Dwarka Expressway has catalyzed residential development while bolstering connectivity between Delhi and Gurugram. Furthermore, Gurugram’s luxury residential projects prioritize sustainable and eco-friendly living environments. Developers seamlessly integrate green building techniques, energy-efficient amenities, and renewable energy solutions to reduce ecological footprints and foster environmentally conscious lifestyles. As the city strides forward on its trajectory of progress and affluence, it remains a premier choice for those seeking opulent living experiences within the National Capital Region.
Source : FE
