The Changing Face of Luxury Housing in Gurugram

The Changing Face of Luxury Housing in Gurugram

Gurugram continues to cater to super luxury developments propelled by its strategic location near the Capital, coupled with its modern infrastructure and accessibility to major corporate hubs.

Gurugram, long recognized as a cornerstone of the National Capital Region’s real estate sector, continues to redefine luxury living, evolving rapidly to meet the heightened expectations of affluent homebuyers. As 2024 unfolds, the city’s luxury real estate sector has been characterized by a distinct shift towards bespoke amenities and environmentally-sustainable features, mirroring global trends and local consumer preferences.

According to Housing, the city has seen an impressive 16% year-over-year increase in residential sales in 2023, with significant demand for high-end properties, marking it as one of India’s most expensive real estate markets. Gurugram continues to cater to super luxury developments propelled by its strategic location near the Capital, coupled with its modern infrastructure and accessibility to major corporate hubs, making it a preferred destination for both Indian and expatriate professionals.

A notable trend in the luxury segment is the increasing integration of green technologies. Developers are increasingly incorporating sustainable features such as solar panels, rainwater harvesting systems, and energy-efficient appliances into their projects. Developers are going beyond the regular sustainable features and even delivering platinum certification standards, underscoring their commitment to top-tier environmental performance and efficiency. This shift not only appeals to environmentally-conscious buyers but also promises enhanced long-term value and compliance with emerging regulatory norms.

The luxury market’s dynamism is also reflected in its adaptive architectural designs and community planning. High-rise apartments and gated communities remain popular, but there’s a growing preference for larger living spaces, reflecting a global trend where affluent buyers prioritize comfort and sustainability over mere aesthetics.

Sharing his vision on the current dynamics of the luxury real estate market in Gurugram, Amar Sarin, MD & CEO of TARC Limited, said, “As we witness Gurugram emerging as a pivotal hub for high-end residential projects, our focus is not only on delivering unparalleled luxury but also on embedding sustainability and cultural significance into every facet of our developments. The market’s robust growth is a testament to the sophisticated tastes of our clientele who seek more than just opulence; they desire a lifestyle that harmoniously blends luxury with environmental consciousness and a deep reverence for local heritage.”

Moreover, there are many emerging hotspots for new developments, with property configurations increasingly favoring spacious 3 & 4-bedroom apartments in response to demands from both nuclear families and young professionals seeking a blend of luxury and practicality, wherein people want the side in the center of Gurugram and Golf Course Extension Road and not in the periphery areas of Gurugram.

According to realty experts, Gurugram’s luxury real estate market is not just thriving—it’s innovating, with a clear focus on creating living spaces that offer both luxury and a sustainable future. As developers and buyers alike adapt to these evolving trends, the city is set to remain at the forefront of India’s luxury real estate scene, promising both growth and exclusivity for discerning investors and homeowners.

Source : FE

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