Gurugram emerges as NCR’s top housing hub

financialexpress.com:

With regular momentum now coming back to the real estate business after Corona-led large scale disruption, the Delhi/NCR market has once again become one of the most happening turfs. And the action is quite broader in nature covering all realty segments.

If the affairs of the Delhi/NCR market have to be examined minutely, a clear distinctive point would be the growing prominence of Gurugram as a residential hub. It is no secret to anyone that Gurugram, the biggest working hub of white-collar workers in Delhi/NCR and the prime seat of the leading domestic and international firms, has traditionally been a top-notch residential hub too. It has, however, faced stiff competition from some other pockets particularly from Noida (Greater Noida is a prime addition to its growing ambit) owing to its development and evolution as another major commercial and residential hub in the pockets adjacent to the national capital in the recent decades. The residential market in and around Noida has also been considered as a value-for-money proposition, its key USP.

But there are now indications that Gurugram residential market’s profile is undergoing a major churning which will further add to its magnetism, giving it an unquestionable and decisive edge in terms of offering vibrant housing pockets located adjacent to the national capital. The newfound strength of Gurugram’s residential landscape stems from evolution of vibrant pockets which can practically be looked at as greenfield developments. These pockets had taken off more than a decade back and had somewhat gone off the track due to Corona-led closure for a while but now they are evolving very fast, almost at a breakneck speed.

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