NCR: In recent years, the real estate landscape in Gurugram has witnessed significant and remarkable changes. This energetic city in the National Capital Region (NCR) has evolved radically, especially in the post-liberalisation era. Traditionally, a hotspot for both residential and commercial realty, Gurugram is now witnessing a new trend in its micro-markets. The emerging trend focuses on sophisticated and advanced residential units, commonly referred to as premium units, establishing Gurugram as a leading platform for this segment. This shift towards premium residential realty is not just limited to Gurugram. It is part of a broader national trend, evident in various specific areas across the country. However, Gurugram, often referred to as the Millennium City, is at the forefront of this transformation. While the price tag for premium units varies by region, market experts agree that the most significant activity is witnessed at the entry level of this category, with units typically priced above Rs 2 crore. The statistics underscore Gurugram’s growing dominance in the premium residential sector. Market analysts widely predict that Gurugram will further consolidate its position as the leading housing hub in India.
Within the NCR, the city is expected to widen the gap with other regions by taking advantage of the opportunities presented by this growing sector. Several factors contribute to Gurugram’s dynamic residential landscape, including continuous infrastructure improvements such as metro connectivity, a robust road network, and proximity to the Delhi-Mumbai Industrial Corridor. Over the past decade, new large-scale residential areas such as the Dwarka Expressway, Golf Course Extension, North and South Peripheral Road, South of Gurgaon, and New Gurgaon have emerged, bringing with them massive developments in amenities. Specific areas, such as Sector 37D, Sectors 81 and 84 in New Gurugram, and Sector 71 on South Peripheral Road, have become high-growth areas, attracting buyers seeking their ideal homes. Gurugram’s status as a hub of manufacturing (led by the automobile industry) and high-end services (technology, consulting and headquarters of many multinationals) continues to drive demand for premium housing units. Investing in high-end housing in Gurugram is now an attractive proposition for high-net-worth individuals (HNIs), non-resident Indians (NRIs) and top to mid-tier professionals. Reports from leading realty consultancy firms suggest high rates of return between 30-40 per cent for early investors in Gurugram’s new premium residential hubs. This trend is expected to gain more momentum in the coming years.
Infrastructure development continues to be a key advantage for Gurugram. The recently unveiled DMIC (Delhi Mumbai Industrial Corridor) stretch near Gurugram has improved accessibility to residential hubs along the Sohna-Dausa stretch. The opening of 18 km of the Dwarka Expressway (Gurugram portion) has ensured seamless connectivity between the national capital and Gurugram, increasing the region’s appeal as a premium housing hub. Additionally, ongoing projects such as metro services and expansion of the Rapid Rail Transit System (RRTS) will further strengthen Gurugram’s infrastructure. The metro will cover an additional 28 km with a government-approved investment of over Rs 5,000 crore. By 2028, Gurugram will also be a part of the Delhi-Alwar corridor, the country’s second major RRTS project, which stretches for 164 km. With a solid base in the high-end housing segment, remarkable infrastructure improvements, high returns on investment and its position as a formidable economic hub, Gurugram’s future in premium
