Rise in demand of luxury homes across Gurugram

                  

           Rise in demand of luxury homes across Gurugram

 

The rising real estate market of Gurugram has witnessed a spike in demand across all formats of modern housing. Sustaining the influx of residents/workers and employers, the city has been stretched thin in terms of the number of projects being developed at once. Considering the wide array of customers that the city now caters to, it requires a diverse range of housing options that can deliver exactly what is needed. One hand is a rising market for affordable housing that has also witnessed massive help by the government. With low interest rates on home loans and the government mandating a cap on overall prices of affordable homes, it has become an attainable desire for many.

 

The other end of the spectrum has seen an even greater demand for buying/selling and/or investing. This is the market of luxury housing that originated with this new trend of lavish homes. One leading developer that offers such luxury in homes has made their project a benchmark in luxury living. This developer is DLF and has significantly changed the landscape of luxury homes amidst home buyers as well as developers. One of their most premium property, DLF Magnolias has been successful in creating an extremely sound image of itself as the pinnacle of modern day living. Other projects that are a part of the DLF5 venture, such as Camellias or Aralias have complimented the uber luxury charm of DLF 5 and created a wholesome community of affluential yet worthy residents. Not only this but the amenities offered by DLF Magnolias are world class in features and present with it, a certain richness.

 

Not only are only luxury homes in demand but everything that makes them so or unique is being demanded by the market at large and developers have begun falling short on their word. Extravagant furniture, decadent lights and wonderous art, all comes together to invoke the feeling of opulence or luxury. DLF Magnolias is one of the most reputed real estate projects in Gurugram and can sustain all aspirations that a family may have. What’s more is that the city has been attuned to this new pace of transit/working with major infrastructure projects consisting of roads, highways and junctions also getting revamped.

 

Residents of Gurgaon has been witnessing massive change in the city’s planning and new developments that tower over the skyline. This also invited new home buyers to seek out newer pastures and build new lives for themselves under the backdrop of an emerging transcendent city. DLF Magnolias offer a living like none other with their marble floors, serviced homes and a slew of world class amenities. It has attracted extremely powerful clientele from the world over including sports personalities, actors and politicians.

 

Such residences are being personified as more than just homes but complete personas to their own individual identities. It extends the avenues of their capabilities and renders new possibility for the owners. It is also a great opportunity to build connections for the future that last and expand the potential of their business prowess.

 

For keen investors, houses at DLF Magnolias within the DLF 5 community are prime opportunities to invest and secure for themselves resound returns. Since the price of these houses are exorbitant, turning over an investment and securing its sale would guarantee larger profits for the original owners.

 

Such properties also create an environment for healthy competition amongst developers as they try to replicate/duplicate the other. Now that the real estate industry in Gurugram understands the potential of such houses, other developers will most definitely follow through with such offerings. Although this does boost homogeneity across the real estate ecosystem, it creates stifling competition amongst developers and prompts options for home buyers to choose from as the market continues to expand and evolve.

 

It is not that the sale of houses like those offered by DLF Magnolias will be affected by cheaper alternatives or even affordable housing options. It is all for the sake of providing options and healthy competition to the vast industry. The transformation of the city from a quite village to a dynamic and energetic urban center has been with its fair share of tribunals and struggles but ultimately rewards with an undeniable and accentuated experience of quality life.

 

The future of the real estate market in Gurugram consists of dynamic housing projects and all signs point towards their poignant growth amidst rising challenges. Despite the shortcomings brought on by the pandemic, the real estate industry has witnessed a spike in the demand of houses across the city, be it affordable, attainable or luxurious. A factor that can possibly impose restrictions is that of space that runs out with each new development that is finished. While Gurugram itself is an annexation of New Delhi, there is little option for Gurugram to be further annexed into other geographical areas. But much is yet to be seen.