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With the festive season in full swing, preparations for Diwali and Dhanteras are underway across the country. This is a prime time for purchasing and investing, particularly in homes, as buying a house is a cherished dream for many. Diwali presents a perfect opportunity for such investments.
According to a report by Anarock (property consultant), buyers in the top five locations of Gurugram are encountering favorable conditions, although potential buyers might face rising costs. For those looking to invest, five key areas in Gurugram have seen significant price increases.
In India, property purchases during major festivals like Navratri and Diwali are considered auspicious, likely boosting home demand this year. The Delhi-NCR market is robust, encouraging developers to introduce new residential projects with attractive offers, discounts, and special packages.
As Navratri and Diwali approach, several residential projects are set to launch in Gurugram, particularly in response to the increased demand for spacious living environments post-pandemic. Numerous luxury developments are expected to debut in October and November.
Top Locations for House Investment in Gurugram: Gurugram is well-connected via Indian Railways, Rapid Metro, and Delhi Metro, with the upcoming Rapid Rail facility enhancing its appeal to homebuyers. Yashank Wason, managing director of Royal Green Realty, highlighted five prime areas in Gurugram with excellent infrastructure:
- Gurugram Dwarka Expressway
- Southern Peripheral Road (SPR)
- New Gurugram
- Golf Course Road
- Sohna Road
Millennials Driving Demand: Millennials are significantly influencing the demand in Gurugram's luxury residential market, increasingly investing in high-end properties due to better access to flexible financing and a preference for modern, amenity-rich living spaces. Recent data indicates that around 45% of luxury homebuyers in the region are now under 40 years old.
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