Gurugram, a bustling city in the National Capital Region (NCR), is expected to experience a significant boost in its realty market due to its infrastructure developments. The Millenium City is rapidly emerging as a dynamic commercial and residential hub in the entire NCR. The city’s infrastructure development projects, with substantial government investment and private sector participation, is expected to propel the city to new heights, attracting investors and homebuyers alike.
The cloverleaf flyover project has significantly improved the travel time and reduced congestion, while the developments like Dwarka Expressway and NH-48 have enhanced connectivity. This seamless connectivity has improved accessibility for commuters and opened new avenues for real estate development, attracting investors and homebuyers, and fostering economic growth. The recent development of the Metro link from HUDA City Center to Cyber City is also expected to give a push to the real estate market in the region. The rapid expansion of the Delhi Metro into Gurugram has significantly boosted the real estate market, enhanced convenience and accessibility while increasing property value. This seamless integration of Gurugram with the metro network further enhances the city’s appeal to investors and buyers.
Jatin Lohia, Managing Director, LID, said “The growth of Gurugram’s infrastructure has raised the demand for residential and commercial properties, attracting homebuyers and investors. The city offers excellent connectivity and amenities, making it a desirable location for living and business. The realty market is experiencing a surge in sales and investments, indicating a positive outlook for its future as a thriving economic and residential center”.
Talking about the recent development, Pradeep Aggarwal, Founder & Chairman, Signature Global (India), said, “Metro extension from HUDA City Center to Cyber City, the development holds tremendous potential, particularly for the real estate sector around the Dwarka Expressway and New Gurgaon, as it will receive a significant infrastructure boost. The commencement of this metro connectivity will create numerous investment opportunities and generate employment, thereby fostering growth in the real estate sector of Gurugram.
The quality of infrastructure enhances livability in the city and makes it an attractive choice for families and individuals seeking a well-rounded lifestyle.
Santosh Agarwal, Executive Director & CFO, Alpha Corp, said, “Infrastructural developments have been the catalyst for the remarkable growth of Gurugram’s real estate sector, propelling it to new heights and establishing it as a thriving investment destination. The completion of the Dwarka Expressway Haryana stretch, development of cloverleaf and world-class highways, and state-of-the-art infrastructure will not only enhance connectivity within the city but also attract both domestic and international investors. These developments have created an impact, where improved infrastructure fuels the demand for residential and commercial properties, subsequently driving the overall growth and prosperity of the Gurgaon real estate sector.”
The infrastructure push extends beyond residential developments to industrial and commercial sectors, with the establishment of industrial parks, business centers, and technology attracting multinational corporations and start-ups, creating a robust job market and increasing demand for residential properties near these hubs. The city also experiences significant progress in social infrastructure, with renowned educational institutions, healthcare facilities, shopping centers, recreational spaces, and entertainment hubs.
Source : Construction World