Rising Demand for Luxury Apartments in 2022

Rising Demand for Luxury Apartments in 2022 | YHATAW

Luxury housing is emerging as one of the most vibrant and dynamic segments in India’s real estate market, which is one of the fastest-growing in the world. India’s luxury housing market is driven by rapidly growing consumer demand, increased aspirations, and changing lifestyles. With improved lifestyle, increased income levels the segment for the luxury apartments, in particular, is seeing increased demand. Among all the top-performing markets, Gurgaon real estate market is at the forefront. The demand for 3BHK and 4BHK luxury apartments in Gurgaon is touching an all-time high.

Why demand for luxury homes is increasing in Gurgaon and what are the contributing factors behind it? In this post, we will elaborate further about it.

Why Luxury Homes are becoming popular?

Several factors have contributed to the increase in demand for luxury properties in Gurgaon, which are as follows:

1. Infrastructure Push

The government at the centre level and state level has taken several steps to boost the infrastructure and connectivity in Gurgaon. Development of Dwarka-Gurgaon expressway, Gurgaon Faridabad metro connectivity and various other reforms to boost connectivity have contributed to the rising demand of the real estate sector in this region.

2. Higher Demand

Real estate companies have observed that the high-income group, booming infrastructure, and development occurring in Gurgaon combined together makes it a great destination. Gurgaon is a major luxury market, home to many large companies, corporate houses, business owners, and their executives. Luxury properties are in high demand due to the presence of these higher-income groups. NRIs in particular are also flocking to Gurgaon to invest, as it is one of the best markets in India for making real estate investments.

3. Innovative Projects

There are now a number of luxury projects being conceptualized in Gurgaon by some of the best architects and builders in the world. They are bringing a number of newer designs and amenities not seen before anywhere in the region. When buyers come across such luxury lifestyle, they get attracted to luxury homes.

4. High Income

After Bengaluru and Hyderabad, Gurugram is India’s third-largest IT hub. A resident of Gurugram has a per capita income of Rs 4.6 lacs, compared to Rs 1.3 lacs nationally. A typical household consumes Rs 33,881 per month.  With high income, expectations for luxury living also escalate. People of Gurgaon from the high-income bracket want to experience luxury and do not hesitate to spend a higher amount of money on luxury homes. People earlier looking for 1BHK or 2BHK homes are now more interested in 3BHK luxury apartments in Gurgaon or looking for even bigger homes. Their desire for a high standard of living to match their high level of incomes and their social status is fulfilled by luxury homes.

5. Strategic Location

Gurgaon boundaries touch Rajasthan, Uttar Pradesh, and Delhi, making it ideally located. Gurgaon is well connected with another state via the Delhi-Jaipur-Ahmedabad broad gauge rail link and NH8. This location has certainly helped businesses and the overall economic state of the city.  Furthermore, due to the presence of large numbers of companies in Gurgaon, people from nearby states are increasingly settling here. It is contributing to the demand for luxury residential homes.

6. Great for Families

Gurgaon has some best schools and some of the best management and engineering colleges for your better future. Apart from that, it boasts of some of the best infrastructure consisting of hospitals, parks, and areas surrounded by greenery which is important from a health point of view.

Choose the best with YHATAW

Whenever you want to buy an apartment, it’s imperative that you get professional guidance that will help you to maximize your return. This is where YHATAW can help you better than anyone, as we offer only reliable projects, have years of experience, and is associated with the best projects in Gurgaon. Call us at our toll-free number 1800-890-9109 to get in touch with the best Residential Property Dealer in Gurgaon.

Leave a Reply