Luxury Projects Demand Increase in Gurgaon

The luxury housing market of the Gurgaon is currently seeing a greater influx of end-user demand, in contrast to the previous trend of the investment-driven purchases.

Gurgaon will continue to see increased investment in the luxury housing space due to the strong demand in the region.

This is also coupled with the fact that Delhi does not create any significant housing supply in the mid-market segment, leading to a spillover for luxury housing into the peripheral locations of Gurgaon.

Gurgaon today has a growth story that mirrors India's growth over the last decade. It has become the city with the third highest per capita income in India.

The luxury housing market of the Gurgaon is currently seeing a greater influx of demand, in contrast to the previous trend of the investment driven purchase. The sale of luxury projects has risen by around 30% in the past few years, with luxury housing in Gurgaon seeing both demand and value appreciation.

Spurred by new projects offerings, greater influx of end-user demand, and a burgeoning upwardly-mobile segment, luxury and ultra luxury housing projects, are seeing higher demand in the residential market of Gurgaon like Dwarka Expressway, NH-8, Golf Course Extension Road.

On the supply side, some new luxury project launches continued to focus on cost-effective options in alternative markets, particularly in New Gurgaon.

Developers largely focused upon luxury housing in Gurgaon during the first half of 2013; while the second half saw new launches, primarily in the high rise and mid rise segments along the Dwarka Expressway and New Gurgaon area. Even though units in residential projects launched by developers attracted maximum buyer interest and purchases, developers across segments continued to adopt various strategies like further discounts to boost sales.

Sale of luxury projects has risen by 30% in the past few years, with units in this segment in gurgaon seeing demand and value appreciation developers largely focused upon luxury housing in gurgaon during the first half of 2013; while the second half saw new launches, primarily in the high-end and mid-end segments along the dwarka expressway and new gurgaon area. Another hub for premium residential projects is Golf Course Extension Road. The area has premier lifestyle projects in both residential and commercial segments. A numbers of green-rated townships and group-housing projects have been planned on this long stretch directly connecting to the main Gurgaon-Sohna Road.

Golf Course Extension Road is the next destination for premium residential projects in Gurgaon. Besides being well connected, the area offers well-developed infrastructure with 84-metre-wide roads and 24-metre-wide by lanes, which corresponds to developments in the western countries. The area also offers excellent social infrastructure with shopping malls, commercial developments, hospitals, and educational institutions.

The main objective of projects being developed along Golf Course Extension Road by private developers is to create energy-efficient, water-efficient, comfortable, healthy, and environmentally-friendly buildings and homes.

Increasing demand for luxury units, coupled with challenges like insufficient demand, inflation and lack of funding are all likely to put pressure on housing prices in the region in the short to medium term.

However, the situation can be marginally improved if new projects are launched at affordable rates. Values of Projects across most of Delhi's micro markets underwent a marginal dip due to rising preferences for apartment units over builder floors in the region, besides cautious buyer sentiments, over the last few quarters.

For Luxury Projects in Gurgaon:-

    Visit:- Property in Gurgaon

Gurgaon’s 2031 Development Plan to shoot up the Realty Sector

The final Gurgaon-Manesar complex Development plan 2031 got approved. The plan brought mixed bag of reactions within the Realty sector. With little shortcomings, the plan in all is quite promising. With the final plan, Gurgaon and its satellite cities like Manesar, Dharuhera, Sohna etc are expected to go Northwards. This plan will bring a great buzz in both residential as well as commercial markets. Not to forget, the special economic zones (SEZs) will also get benefited by the upcoming residential projects.


The plan has projected population of 42.50 lakh and a total urbanisable area of 32988 hectares. This will bring great business opportunities for the realtors dealing in this region. Let us try to understand in brief, the plan and its effects.

What’s the Plan?

After the three trials in five years, this is the final Development Plan. The plan includes around 20 new sectors and estimates 12 new projects and 2 new townships. An area of about 50 hectares has been earmarked in sector-68B for providing housing to low and medium income group. An area measuring 215 hectares has been reserved for a University in sector-68 which shall also be exclusively set up by the Government or its agencies. Land measuring about 135 hectares has been designated as a Bio-Diversity Park. A 90 metres wide road has also been proposed in the Development Plan connecting the Development Plan of Gurgaon-Manesar Urban Complex up to Sohna.

This plan will bring development in the areas like Dwarka Expressway, Golf Course Extension Road, Faridabad, Nothern Peripheral Road (NPR), Manesar, Dharuhera and outskirts area like Kundli, Sonipat, Ballabhgarh, Palwal and more.

Not just this, development plan 2031 will make the millennium city grow till Dwarka.

The Effects:

Nothing in this world is perfectly right or perfectly wrong. Same goes with this plan, with few shortcomings the plan will bring a great development in Gurgaon and areas around.

If we talk about the development, it has already started. The Sohna road in Gurgaon has already started to emerge as an IT Hub.  This development will not only affect the satellites city but is said to reach till Bhiwadi. Bhiwadi is a residential hub at present and this will attract more industries to set up their offices/ factories in the areas nearby.

All this has made Realtors really happy. Gurgaon, in the coming months will experience a great boom in the Real Estate sector.  With all this there is a missing link as well. The government has allotted 250 hectares of land per person which will force the builders to develop larger units. This will ultimately make the units unaffordable for the potential customers.

But overall the plan is quite progressive and will surely boost the lost real estate trend.

Property in Gurgaon