South Gurugram fast emerging as a preferred destination for luxury housing: Sachin Gawri, Rise Infra

financialexpress.com:

The surging demand for luxury housing is reshaping the real estate landscape, driven by specific features and amenities that cater to discerning buyers’ preferences, says Sachin Gawri, Founder and CEO, Rise Infra.

In an exclusive interview with Sanjeev Sinha, Mr Gawri talks about the emerging trends in the real estate market and shares his views on the growth potential of South Gurugram. Excerpts:

How have developments in the last few years influenced the trajectory of the real estate sector in India, and what factors have contributed to the ongoing upward trend?

The recent surge in remote work arrangements has profoundly impacted India’s real estate sector. As the boundaries of workspaces blurred, the demand for residential properties evolved, with a growing emphasis on larger spaces conducive to both work and leisure. This transformation in preferences, coupled with favourable factors, has propelled the sector’s upward trajectory. It led to a surge in the residential segment which saw a demand for spacious homes which could accommodate home offices and recreational spaces. Buyers also began looking beyond urban centres, favouring locations offering more open surroundings and a holistic living experience. Besides, the availability of ready-to-move-in properties and historically low home loan rates presented them with attractive options. This amalgamation of factors enabled the Indian real estate market to defy global trends and chart an upward trajectory.

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Can you elaborate on the emerging trends in the commercial real estate sector in Gurugram, particularly the rise of smaller projects like High Streets and Mixed Use Projects? How does this