India Real Estate Latest Trends | Overview | Growth | Investments

August 23, 2024
What’s Driving Luxury Homebuyers to Gurugram’s Golf Course Extension Road?

Gurgaon is a sought-after real estate location due to its rapid urbanisation, proximity to Delhi, and excellent infrastructure. Gurgaon’s appeal also stems from its world-class commercial spaces, luxury shopping centres, and top-tier educational institutions. With seamless connectivity via highways and metro, along with a vibrant lifestyle, it attracts both investors and homebuyers. The city’s blend of urban convenience and green spaces adds to its desirability.

 

Investing in Gurugram’s Golf Course Extension Road is attractive due to its strong market performance. Property prices in this area have appreciated by approximately 30-40% over the last five years. The road connects seamlessly to key locations like Cyber City, with a 15-20 minute drive, and the upcoming Dwarka Expressway. Premium projects here offer a blend of luxury and comfort, with rental yields ranging from 4-6% annually. The area is also close to top schools, hospitals, and shopping malls, making it a preferred choice for both investors and end-users.

 

Rising aspirations and a stronger desire for homeownership have propelled buyers toward Golf Course Extension Road. This micro-market, previously led by a select few, is now attracting renowned developers from all over India, elevating the area’s real estate offerings and enhancing its premium appeal. The market appears to be adapting well to the higher price ranges at which new projects are being introduced, with developers providing luxurious amenities to meet growing expectations.

 

The average price for new launches on Golf Course Extension Road has surged dramatically, more than doubling between 2019 and 2024, increasing from approximately ₹8,800 per sq. ft. to ₹20,267 per sq. ft. This positions it as Gurgaon’s most rapidly expanding micro-market. The area’s mix of residential and commercial properties makes it a prime location in today’s high-paced world, where the proximity of home and work is increasingly important. Furthermore, the growing emphasis on living in healthier, pollution-free surroundings enhances the area’s attractiveness.

India’s Transparent Real Estate Market Poised to Attract Major Investments

India’s real estate market is transforming towards greater transparency, creating increased capital inflows and a stronger global standing. According to the recent Global Real Estate Transparency Index (GRETI), India's Tier 1 markets have reached a new crest, highlighting this transformation. India has moved into the transparent category for the first time, ranking 31 with a composite score of 2.44 in GRETI 2024’s list.   This transformation is a result of enhanced institutional p

Delhi-NCR Sees 69% Surge in Housing Prices in Q2 2024

Residential property prices in the Delhi-NCR area soared by 30% year-over-year in the April quarter of the current year, making it the fastest-growing market among India’s top eight cities, according to a recent analysis. The report highlighted that Dwarka Expressway saw an impressive 69% rise in average housing prices during this period, while Greater Noida experienced a 45% year-on-year increase in the second quarter of 2024. These substantial price hikes are largely driven by the introducti

Bengaluru’s Property Micro Markets See Unprecedented Price Surge

Bagalur, nestled in the vibrant region of North Bengaluru, has experienced a dramatic escalation in residential property prices, soaring by nearly 90% over the past five years. This surge is driven by robust demand and an influx of new developments, as revealed in a comprehensive study by esteemed real estate consultants. Kokapet in Hyderabad has emerged as a close competitor, recording an impressive 89% increase in property values. Prices in this area have climbed from ₹4,750 to ₹9,000 per