The Gurgaon property market looks set for a promising 2020 owing to healthier demand and steady recovery of the residential segment.
Gurgaon market makes steady recovery
Gurgaon’s real estate market has been recovering steadily with the highest number of launches of new projects across the NCR (National Capital Region) last year. New Gurgaon saw the highest launch volumes along with Dwarka Expressway and Sohna. More than half of new launches were in the affordable housing category while close to 20% of launches were in the mid-income category.
Infrastructure development boosts Gurgaon real estate market
2020 is expected to be quite promising for Gurgaon’s real estate market owing to steady infrastructural growth. Major projects like the Dwarka Expressway and Sohna Elevated Road along with the rapidly expanding Rapid Metro and Delhi Metro networks have boosted real estate growth. Infrastructure growth will lead to sustained growth momentum for real estate sales, particularly in Sohna, New Gurgaon and Dwarka Expressway.
New Gurgaon becomes major growth hub for real estate
New Gurgaon has become a major real estate hub in the region for its strategic connectivity via the Dwarka Expressway and NH-48 along with the KMP Expressway which will boost the market greatly in the future. The proposed Delhi-Gurgaon SNB RRTS Corridor will also boost realty growth along with the mushrooming of educational institutions, hotels, entertainment and recreation infrastructure, hospitals and shopping zones.
Will property prices fall in Gurgaon in 2020?
As per reports, apartment prices have come down by approximately 7% in Gurgaon over the last 4-5 years. They may correct further owing to the coronavirus epidemic and the subsequent dip in transactions and launches as a result.
Is it good time to buy property in Gurgaon?
Yes it is a great time to invest in Gurgaon real estate owing to the steady recovery of the housing market here along with excellent infrastructure development and better connectivity.
Will property prices increase in Gurgaon?
Property prices may initially fall in Gurgaon owing to the coronavirus epidemic and subsequent muted market activity. However, with a pick-up in demand in future due to infrastructural developments and Government sops, they may start increasing again, albeit gradually.
Which sector is best for investment in Gurgaon?
The affordable housing sector is the best investment avenue in Gurgaon owing to steady demand in this category at present. Mid-income housing, retail and commercial real estate are good investment avenues as well.
Gurgaon real estate markets look set for a promising 2020 owing to infrastructure development and rising demand amongst property buyers.