In 2023, Gurugram becomes a major player in the real estate sector.

The Gurugram market has experienced a remarkable 20% increase in value year over year, with Dwarka Expressway, Golf Course Extension, and New Gurgaon at the top of the list.

In 2023, Gurugram became the clear leader in India’s rapidly expanding real estate market. A number of variables that are transforming the industry are coming together to drive the city’s dynamic expansion and change the landscape.

Developers are creating innovative solutions that satisfy a wide range of tastes, from luxurious individual levels to eco-friendly co-living areas and large mansions. At the center of this change is Gurugram, which is seeing an increase in creative ventures designed to satisfy changing consumer demands.

“Gurugram stands tall, not only as a city of promise but as an indisputable leader in India’s real estate space, shaping the future of the industry in unprecedented ways,” says Vivek Singhal, CEO of Smartworld Developers, sharing his observations. It is anticipated that the residential market will lead this extraordinary expansion, representing the shifting tastes of purchasers. The Gurugram market has experienced a remarkable 20% increase in prices year over year, with Dwarka Expressway, Golf Course Extension, and New Gurgaon at the top of the list.

“In fact, a flurry of infrastructure developments, luxury residential projects, office spaces, retail spaces, entertainment options, and recreation options has made the Golf Course Extension Road the nerve center of Gurgaon,” he continues. It has been reported that the average monthly rental price of 2,000 square foot luxury homes in the Golf Course Extension climbed by 18% between 2019 and 2022, from Rs 49,000 to Rs 58,000.