suhani homesTEAD

A weekly digest of our thoughts and recommendations on Gurugram Realty updates.

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SUHANI HOMESTEAD,one of the leading real estate consultants in Gurgaon, led by Ms. Suhani Bajaj, with her experties in the Real Estate market, They have been offering some amazing ready-to-move-in opportunities to the home buyers post-COVID lockdown.

SUHANI BAJAJ

FOUNDER

SUHANI HOMESTEAD

SUHANI BAJAJ

FOUNDER
SUHANI HOMESTEAD

SUHANI HOMESTEAD,one of the leading real estate consultants in Gurgaon, led by Ms. Suhani Bajaj, with her experties in the Real Estate market, They have been offering some amazing ready-to-move-in opportunities to the home buyers post-COVID lockdown.

Gurgaon real estate market: the effect of pandemic and future scope!

Gurugram has emerged as one of the most sought-after and promising markets for Indian real estate since the early 2000s. While commercial real estate in Gurgaon was a promising bet in the early years, the residential real estate market in Gurgaon has also emerged fairly well in recent years.

The Millennial city

Known as the Millennial City, Gurugram has a lot to offer in terms of real estate. The main demographics that this market attracts are youth, mostly working in big companies located in Gurugram. With a number of commercial buildings, MNCs, and high-end malls, luxury apartments, fully-equipped residential apartments, Gurugram offers quite an exquisite real estate in the commercial as well as residential sector.

The effect of the CoVID-19 pandemic on Gurgaon real estate

However, like every sector, the coronavirus pandemic has hit hard on the real estate market globally. In the last months of 2019, property experts hoped the real estate market in Gurgaon to flourish further in 2020, however, with the unexpected wave of the pandemic, it all came to standstill for quite some time.

According to some reports, the national property market dropped by 81% in the second quarter of 2020 as compared to 2019. The Gurugram realty sector was affected similarly. No new realty projects were being launched during this period.

How are buyers benefiting?

However, in terms of buyers, this is probably the best time to buy property in Gurgaon. This is because the property rates presently stable, interest rates are around 15-year lower, and there are plenty of ready to move in opportunities as well as near-completion projects to chose from. This way, the buyers get a fair number of options based on their different requirements and desires to buy a property in Gurgaon. Also, with low-interest rates and stable prices, they save a good amount while making the purchase.

According to the survey conducted by the National Real Estate Development Council (NAREDCO), the real estate market is still perceived by the public as one of the most preferred investment choices, followed by gold.

Leading property consultants in Gurgaon

Many property consultants in Gurgaon has left no stone unturned to rejuvenate their businesses post-coronavirus lockdown. They have managed to keep the Gurgaon real estate market thriving with new projects, better offers, and amazing amenities.

Suhani homes, one of the leading real estate consultants in Gurgaon, led by Ms. Suhani Bajaj, who is the single woman in the real estate market, has been offering some amazing ready-to-move-in opportunities to the home buyers post-COVID lockdown.

These projects include DLF THE ULTIMA, DLF THE CREST, DLF THE CAMELLIAS, and M3M GOLF ESTATE. These projects are located in sec 81, sec 54, sec 42, and sec 65, Gurgaon respectively.

Along with the fantastic residential projects, there are also some commercial projects in Gurgaon listed on the Suhani homes. The commercial projects, offering office and retail spaces include the M3M URBANA PREMIUM, M3M PRIVE 73, VATIKA MARKET WALK, and M3M MY DEN. For the buyers, looking to invest in commercial properties, or business owners, willing to re-establish their business post-lockdown haul, these maybe some of the best offers to grab.

The future scope of Gurgaon real estate

Some reports have suggested that between now and 2025, India will account for 72% of the expected construction activity across the world. This will result in increased standards of living, better connectivity, and improved infrastructure.

Gurgaon, being India’s one of the leading property hub, has a very high scope of flourishing real estate market in the future. Along with the commercial projects, including the malls, retail shops, shopping complexes, restaurants, office spaces, co-working spaces, etc, residential real estate also have a very bright future in Gurgaon.

A boost expected in the residential real estate market

High-end apartments and societies with amenities like swimming pools, elevators, parks, yoga gardens, kids’ areas, gyms, etc are also on a high rise. Millennials and youth with their jobs in and around Gurgaon are the primary groups of people desiring such residential properties.

Gurgaon has also been witnessing high demand for micro-markets in different areas. Such markets will also flourish in the coming future, and therefore, give rise to the demand for commercial properties. South of Gurgaon, having great connectivity to major NCR cities, and steadfast innovations has a variety of luxury and affordable residential properties.

The future of the Gurgaon real estate market will witness a boost in luxury as well as residential properties. The market is expected to witness a sharp rebound in the year 2021. The real estate sector in India is expected to reach a market size of $1 trillion by 2030. In 2017, it was just $120 billion. By 2025, the Indian real estate market will contribute 13% to the country’s GDP. Gurgaon, being one of the largest property markets in the country will be one of the biggest contributors to this market growth.

Urban and modern demands to boost the realty sector

According to the leading property consultants, India is likely to have 100 new malls by 2022. Out of this, 69 malls will be built in the top seven metropolises and the remaining 31 malls will be in Tier 2 & 3 cities. Delhi and the adjoining city, Gurugram, is one of the major 7 metropolitan cities in India.

To attract more buyers, some developers have also introduced innovative payment schemes along with giving out freebies. The freebies range from free car parking, home appliances to cars on the purchase of homes. As many construction companies and builders are paced-up to thrive in the Gurugram real estate market once more, many new projects are set to be launched in 2021. These projects will include both, affordable as well as luxury properties. As per the recent trends, more demand for residential properties has been noticed due to the high influx of youngsters, settling in the magical city of Gurugram.

Therefore, we can conclude that the real estate market in Gurugram is one of the largest property hubs in India that has flourished a lot since the beginning of the 21st century. As the market may have hit with the pandemic, it has a very high potential to thrive exponentially once again.

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ABOUT US

SUHANIHOMESTEAD help people find the right investment opportunity in the fast paced property market of India. Our integrated team of Consultants & Property Experts assist you to make the right decisions by combining nuanced market knowledge and the foresight that comes from Experience. 

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