Gurugram's real estate market continues its robust momentum, achieving record-breaking sales with a Rs 100 crore apartment sale, marking one of the city's most expensive property transactions. Square Yards' quarterly report reveals that Gurugram's top fifteen developers collectively sold 2,578 properties valued at Rs 4,374 crores in Q3 2023. DLF led in volume, selling 336 units worth Rs 1,775 crore, while Signature Global topped units sold (631) worth Rs 234 crore. Gurugram's rise in residential real estate is attributed to its cosmopolitan appeal and emerging reputation as the next Silicon Valley.
In a flourishing phase for the real estate market, Gurugram has emerged as a standout city, consistently achieving remarkable sales quarter after quarter. The spotlight recently fell on Gurugram as it witnessed the sale of a Rs 100 crore apartment, setting a record as one of the most expensive properties ever sold in the city. But this is not an event in isolation, and is part of a broader trend in Gurugram’s real estate.
According to Square Yards' quarterly report, the top fifteen developers collectively sold 2,578 properties valued at Rs 4,374 crores in Gurugram during the July-September quarter of 2023. DLF led the pack in volume, selling 336 units worth Rs 1,775 crore, while Signature Global, a recent entrant to the stock market, secured the highest number of units sold (631) worth Rs 234 crore during Q2, 2023.
Within Gurugram, Golf Course Extension Road and Dwarka Expressway have emerged as prime real estate hotspots, offering a strategic blend of connectivity, infrastructure development, and urban planning.
As pivotal infrastructure projects like the Dwarka Expressway near completion, accessibility has increased manifold. This improved connectivity makes Gurugram's real estate more attractive, drawing the attention of both prospective homebuyers and savvy investors.
The surge in demand is further fuelled by the existence of upscale residential and commercial projects, accompanied by enhanced amenities and facilities. The promise of substantial returns on investment and the appeal of a meticulously planned urban lifestyle are drawing homebuyers to actively participate in Gurugram's vibrant property market.
This escalating demand has propelled Gurugram to overshadow cities like Bangalore, Mumbai, and Noida in terms of price appreciation, solidifying its position as the premier choice for residential living.
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