February 20, 2024 |
New Gurugram: The Emerging Epicenter of Delhi-NCR
New Gurugram, positioned strategically on the southern edge of Delhi, has swiftly emerged as a prime micro-market within the bustling Delhi-NCR region, captivating both investors and homebuyers. Its transformation from a quiet suburb to a thriving hub exemplifies India’s rapid urbanization.
The driving force behind this growth is the robust infrastructure New Gurugram offers. Major projects such as the Delhi-Gurugram Expressway and Dwarka Expressway have significantly improved connectivity, reducing travel time across the National Capital Region and showcasing the city’s adaptability to residents’ evolving needs.
Moreover, New Gurugram is not only enhancing its physical landscape but also advancing in social amenities, further enriching its appeal. Additionally, the region is emerging as a retail hotspot, attracting shopping enthusiasts with a mix of local boutiques and international brands, thereby creating a vibrant atmosphere for commerce and leisure.
Commenting on this, Vineet Dawar, Senior VP-Sales & Strategy, Elan Group, said, “The retail landscape of New Gurugram is experiencing a profound and dynamic transformation. The growth goes beyond mere expansion, evolving into a narrative that encapsulates the vibrancy and innovation characterizing the city’s commercial spaces. Diverse shopping districts are emerging, each contributing to the unique tapestry of retail experiences within New Gurugram. This evolution isn’t just about physical expansion; it’s a testament to the city’s adaptability and forward-thinking approach. The retail spaces here are becoming more than just places to shop; they are hubs of diverse and unique experiences that cater to the evolving preferences of consumers.”
The flourishing residential development in New Gurugram has sparked a vibrant commercial and retail scene. As more people choose to call this micro-market home, businesses are flocking to establish themselves here, leading to an increase in job opportunities. This positive economic climate further boosts the demand for residential properties. With property values steadily appreciating in recent years, investors are drawn to New Gurugram for its potential long-term gains. Offering a range of housing options, from luxury apartments to spacious villas and affordable projects, New Gurugram caters to diverse preferences. Its lush green surroundings, well-planned layouts, and modern amenities combine to offer a serene yet convenient lifestyle for residents.
Shashank Vashishtha, Executive Director, Exp Realty India, said, “New Gurugram’s transformation from a suburban area to a thriving micro-market is a testament to Gurugram’s rapid urban development. The increasing interest from businesses highlights New Gurugram’s potential as a thriving hub. The Delhi-Mumbai Industrial Corridor (DMIC) and the Dwarka Expressway are expected to bring in new economic opportunities, further boosting the city’s growth. The increasing interest from businesses highlights New Gurugram’s potential as a thriving hub.”
Kunal Rishi, COO, Paras Buildtech, said, “For homebuyers in Delhi-NCR, New Gurugram has emerged as a preferred destination. Due to its unmatched strategic location, it is flourishing with social infrastructure, roads, and real estate. It provides a seamless transit connection between Delhi and Gurugram. The neighborhood has various housing options, ranging from affordable flats near Tech parks to gated communities with world-class amenities. New Gurugram has a wider variety of house price ranges than neighboring Gurugram, which attracts buyers and investors. The local real estate market is evolving as a new generation of homebuyers seeks to settle in the area.”
As New Gurugram grows and develops, it offers a promising future for investors and residents alike. Positioned strategically and dedicated to advancement, New Gurugram is set to lead Delhi NCR’s real estate scene for the long haul, solidifying its status as the premier destination for living, working, and leisure.
Source : FE
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