Located in National Capital Region, Gurgaon has emerged as a major city of Haryana due to the roar in real estate. The setting of renowned Fortune 500 companies in the city has led to the increase in demand of residential as well commercial developments. Gurgaon enjoys superiority as a choice of business destination above markets of Noida, Ghaziabad and Faridabad. Since past few years, city is seeing tremendous hike in the residential activity and it is expected that the same will continue. In addition, city has started focusing on affordable housing, which will transform into an opportunity for the growth of residential market.
The city has come off age over the past two decades, as newer suburbs have started cropping up. Several real estate players are offering unique and attractive projects to the prospective buyer or investor. Several new real estate corridors have opened up with the availability of land as Gurgaon-Manesar master plan has came in action. Moreover, emerging destinations like Dwarka Expressway, which is now being named to King's Avenue, is being flaunted as one of the best investment opportunity in entire NCR.
Despite the positive trend, the growth graph of the real estate has been under a lot of financial pressure and became a reason for the lean phase. In turn, this has affected the project delivery deadlines of numerous developers. However, the aspect of innovation has truly taken new heights especially in the last two to three years.
Moving ahead, innovation and timely project delivery has proved to be the key aspects of growth for the Gurgaon realty sector. In a current scenario, these two factors play a major role in restoring the faith of the buyers to retrieve the market's strength back. Gurgaon realty market will also see some new formats coming in which will be for the customers with new needs related to the future.
HUDA is supporting several housing projects in the neighborhood, covered under Master Plan 2021, thus, giving Manesar and its neighborhood a new term, €New Gurgaon€. New Gurgaon will prove to be the nest big destination in the landscape of NCR Realty as soon it will be a home of multinational IT/ITES, automotive and manufacturing companies. The realty experts believe that proximity to major centers of employment and entertainment, facilitated by better connectivity, superior sector roads and infrastructure and landmark developments, the property prices in New Gurgaon are like to appreciate and become higher than Dwarka and possible also Golf Course Extension Road.