May 31, 2024 |
Luxury Housing Demand Surges in Delhi-NCR, Driven by Eco-friendly Trends and New Developments
The luxury housing market in Delhi-NCR is experiencing a surge in demand, fueled by factors including heightened interest from Millennials and Gen Z, a growing emphasis on eco-friendly living, and promising new real estate developments in areas like Gurugram.
According to a recent study, the National Capital Region (NCR) saw an uptick in luxury home sales, with Gurugram emerging as a hotspot.
The region recorded significant luxury home sales, accounting for a notable portion of total residential sales in Q1 2024.
One driving force behind this surge is the increasing demand for eco-friendly residences, explained Vikas Garg, joint managing director, Ganga Realty’s. He said, “Modern homebuyers are seeking properties equipped with sustainable features and technologies such as geothermal systems, HVAC systems, and eco-friendly construction materials. These buyers are drawn to the benefits of green living, including lower energy consumption, reduced carbon footprints, and a healthier living environment.”
“Moreover, the development of key infrastructure projects like the Dwarka Expressway has transformed areas like New Gurugram into promising real estate hubs. With the Gurugram section of the expressway operational, areas like Sector 84 and 85 have become attractive investment destinations, especially with their proximity to the IGI Airport and improved connectivity,” he added.
Commenting on the trend, Vikas Garg spoke about upcoming project of Ganga Realty, Nandaka 84 in Sector 84, Gurugram. It features amenities such as Miyawaki Gardens, air-purifying flora, and EV charging stations, Nandaka 84 aims to provide residents with a sanctuary of nature amidst urban living.
Furthermore, the rise of Millennials and Gen Z as key players in the luxury real estate market cannot be overlooked. These generations view luxury properties not only as investments but also as a reflection of their values and lifestyles.
Source : TOI
Related Articles
Explore the Advantages of Ithum Dome Center Sector 29 Gurgaon
The Ithum Dome Center Sector 29 Gurgaon has changed the retail and business industry of the city through its exceptional […]
Why Ithum Dome Center in Sector 29 is My First Choice for Commercial Space?
A proper commercial space location demands analysis of accessibility as well as amenities alongside ambiance and investment opportunities. Industry professionals […]
Gurugram’s Realty Market Sees Record ₹88,000-Cr Investment in 2024: RERA
The Gurugram housing market witnessed unprecedented growth in 2024, with investments of Rs 88,000 crore in newly launched real estate […]