There is no dearth of attractive housing and one is spoiled for choices in real estate investment, with the completion of many a new luxury township in Gurgaon changing the skyline of the city rapidly over the past few years. According to all government reports, the residential sector of the market has grown exponentially, with the urban population in the nation expected to surpass 600 million people by the turn of the decade. The forecasted demand for real estate infrastructure has resulted in aggressive competition between various regional developers, jockeying for a nationwide presence.

Reasons for Gurgaon’s rapid growth

• Development in the area has been bolstered since the declaration of the Delhi-Mumbai industrial corridor along National Highway 8, presenting multiple residential and commercial real estate investment prospects for opportunistic investors. 
• The government has approved several Special Economic Zones along the highway, creating investment prospects for foreign investors from countries around the world, including Japan and the United States of America, in sectors including real estate, automobile and glass manufacturing, and information technology.
• The construction of residential properties usually goes hand in hand with the planning and design of various other buildings and infrastructure, including office spaces, schools, colleges, universities, hospitals, commercial and retail spaces, as well as a host of entertainment, recreation, food, and beverage related outlets that are needed – not just to attract residents and investors, but to keep them there. 

The post-pandemic real estate scenario

While the real estate market did suffer like most other parts of the economy due to the coronavirus pandemic, some changes did occur in the market as society looks to make a recovery; the emergence of micro-markets in the still developing, border areas of the city looks to be one such change. These real estate markets, such as in New Gurgaon and Manesar, have become popular with home buyers for the lower prices in the area and comparatively similar access to modern facilities and resources. The growth of infrastructure and network connectivity in the area will lure investors and increase the market demand, accelerating the development cycle.  

Tips for real estate investors

Some of the main reasons for the booming real estate market in Gurgaon include the mix of luxury and affordable budget-friendly projects, with a healthy mix of the projects in the city already ready for occupation, with most of the unfinished ones now nearing completion. While it is generally difficult to reliably forecast the performance of a real estate investment, purchasing one's property from a reputed developer can mitigate the risk. With a history of successful projects across for any type of investor, from commercial developments in Pune to a luxury 2 BHK in Ahmedabad, Adani Realty is one of the top upcoming developers in the country and has helped thousands of homeowners and investors purchase their dream properties till date.