Gurgaon, which was renamed Gurugram, is one of the largest cities in the Indian state of Haryana. The inception of this city dates back to the mythological era of the Pandavas. Gurgaon was then named Gurugram, meaning the land of the guru, as it was gifted by the Pandavas to their warfare teacher, Dronacharya. Over the years, the city has been in the spotlight for being one of the most efficient cities in the IT sector and a financial banking hub. The city aspires to be the next IT hub, offering great opportunities in industrial areas. Gurgaon provides ample availability and affordability in residential apartments and office infrastructure. Being close to the capital city of India and having better connectivity, Gurgaon has the added advantage of attracting a large quantity and quality of human resources from various sectors.
The real estate industry holds significant importance worldwide, influenced by factors like immigration and urbanization. Gurgaon, a thriving IT city in the Delhi-NCR region, attracts individuals from across India due to its economic and technological prominence. As a result, the real estate market in Gurgaon experiences soaring home prices. The reasons behind this include the increasing demand for housing, luxury homes, and overall industry development. Notably, areas along the Golf Course Road, Dwarka Expressway, Rapid Metro System, and Southern Peripheral Road witness a significant price rise, with sections near Golf Course Road experiencing an increase from Rs. 55,000 to Rs. 60,000 per square yard.
The city is home to many innovative start-ups and well-established companies. Several areas in the city are flourishing remarkably in commercial and residential real estate, which are in high demand. With increasing demand, the city requires adequate supply. One such area to consider while looking for residential apartments in Sector 79, surrounded by top-notch amenities.
Gurgaon has been on the list of top choices for investors and millennials due to its advanced approach and sustainability. When it comes to real estate investment, Godrej Properties has emerged as one of the top-quality real estate developers in India, including Gurgaon. With over a decade of legacy in the real estate market, Godrej Properties offers luxurious and world-class amenities at affordable prices.
In recent years, Gurgaon has become a primary or secondary base for many commercial firms, attracting significant investment. The rising demand has resulted in soaring prices over time. However, prices are also influenced by other factors such as the surrounding area and connectivity to the main capital city.
Despite the impact of the pandemic on the real estate market, Gurgaon is experiencing a resurgence, leading to a surge in prices. The city is renowned for having one of the finest malls in India, Ambience Mall. It is constantly developing with the construction of new malls, metros, expressways, and broader roads. Popular IT parks in Gurgaon include DLF Cyber City Phase II, Unitech Infospace, World Tech Park NH8, and Global Business Park.
Being so much in demand, Gurgaon has some prosperous and well-heeled areas such as Golf Course Road, DLF Phase 1, Ambience Island and Sector 79 which are quite preferred by both investors and builders.
Considered to be the millennium city, Gurgaon is flourishing with IT hubs and real estate sectors. It is popularly known for being one of the biggest malls along with some of the remarkable apartments and estates. Many sectors are emerging with new luxurious apartments along with the finest amenities at affordable prices. One such area to be considered is Sector 79 and below are some malls, schools and hospitals within a 10 km radius.
|
Type |
Name |
Distance (km) |
|
Malls |
Aria mall |
8.6 km |
|
M3M Prive |
6 km |
|
|
Raheja Square |
4 km |
|
|
Schools |
St. Xaviers High School |
4.33 km |
|
Broadways International School |
4 km |
|
|
Lotus Valley International School |
8.2 km |
|
|
Hospitals |
Genesis Hospital |
5 km |
|
Life Care Hospital |
3.60 km |
|
|
Medeor Hospital |
4 km |
Gurgaon is a sought-after location in the National Capital Region (NCR) offering numerous housing projects and a high-quality lifestyle near Delhi. With Fortune 500 companies, modern infrastructure, and luxurious housing options, Gurgaon attracts individuals from all over India. The cost of living in Gurgaon varies depending on factors such as marital status, area of residence, and proximity to work. Monthly expenses for an unmarried person average around Rs. 30,000, while for families, it ranges from Rs. 70,000 to Rs. 1 lakh. Researching factors like transportation, food, accommodation, and utilities is essential for a comfortable and budgeted life in Gurgaon.
3rd Floor, UM House Tower A,Plot No. 35, Sector -44, Gurugram - 122002. India
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