Real Estate in Delhi-NCR: Gurugram Emerges as Top Destination for Homebuyers

Real Estate in Delhi-NCR Gurugram Emerges as Top Destination for Homebuyers

Haryana’s Gurugram is witnessing a significant surge in rental prices and property values. This is due to an increase in demand for luxury and super-luxury homes. The cyber city has also become one of the top destinations for expatriates who are seeking a blend of professional growth and a good lifestyle.

Gurugram, also known as India’s Millenium City offers an array of luxury and super-luxury residential options. Some of these are — DLF’s — DLF Crest, The Summit, Aralias, and Magnolias located at Golf Course Road, Central Park Resorts have been the preferred luxury residences for expat communities. These housing accommodations offer a luxurious lifestyle with world-class amenities, features, security, etc.

Rise of Luxury Properties in Gurugram

Gurugram’s strategic location has placed it close to important business hubs such as Manesar – where numerous Fortune 500 companies and Asian giants from Japan, Korea, and China have set up their bases. Apart from this, the city also offers various entertainment options like – World-class shopping malls, renowned restaurants serving global cuisine, etc.

Gurugram: Rise in Rental Prices Among Luxury, Super-Luxury Homes

DLF Crest, situated on Golf Course Road is a popular choice among the expatriates. Here, spacious units of 3500 square feet can command a price tag of up to Rs 16.40 crore i.e. Rs 46,850 per square foot), while larger 4000 square foot units fetch close to Rs 18 crore (i.e Rs 45,000 per square foot). While, the per square foot rentals for The Crest are ranging between Rs 95 – Rs 105, translating to monthly rents between Rs 2.6 lakh to Rs 4.4 lakh.

Thus, due to the combination of luxurious living spaces, high-end amenities, and various other facilities, Gurugram is developing as one of the important destinations for the homebuyers in the Delhi-NCR region.

Source : Et Now News

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