October 14, 2024 |
Six Areas in Gurugram Emerging as Real Estate Hotspots
Six areas here in Gurgaon are emerging as real estate hot spots. These areas, including Dwarka Expressway, Southern Peripheral Road (SPR), New Gurugram, Golf Course Road, Golf Course Extension Road, and Sohna Road, have become property hotspots. Home buyers are showing significant interest in these areas.
Meanwhile, property prices have also seen a steady jump ahead of festive season, as people wish to invest in the real estate sector. Property bookings tend to increase during the festive season, and many new projects are expected to be launched.
It is anticipated that many new projects will be launched, especially in the Gurgaon real estate market, which could elevate the market to new heights.
“As the festive season approaches, excitement builds in Gurgaon’s real estate market. This time of year often brings a spike in buyer activity, fueled by optimism and the tradition of new beginnings. Over the years, infrastructure developments like the Dwarka Expressway, DMIC, and Metro expansion have paved the way for Gurgaon’s growth, setting the stage for even more momentum in the coming months. Buyers are increasingly drawn to properties that blend quality with modern conveniences, fostering vibrant communities,” Madhur Gupta, CEO of Hero Realty said.
Meanwhile, a recent Anarock report of Delhi-NCR has seen a 29 per cent year-on-year increase in the July-September quarter.
Experts said this is a positive sign for the real estate market ahead of the festive season, and tremendous sales of houses are expected.
Data from real estate shows that the average prices of residential properties in Delhi-NCR increased by 29 per cent to Rs 7,200 per sq ft in the July-September quarter, up from Rs 5,570 per sq ft in the same period last year.
Meanwhile, In the first half of 2024, about 32,200 housing units were sold in Delhi-NCR. The surprising thing is that more than 45 per cent of these units were from the luxury segment, while 24 per cent of the units were from the affordable segment.
“As the festive season arrives, it brings a wave of optimism and increased economic vibrancy, particularly in the real estate market. During this festive period, buyers are drawn to new investments and properties, spurred by attractive deals, auspicious timings, and a sense of optimism that pervades the season,” Harinder Dhillon – Senior Vice President of Sales at BPTP, said.
Source : Daily Pioneer
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