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- June 29, 2024
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Is the Gurgaon real estate market presently experiencing a correction?
The real estate market in Gurgaon is experiencing a dynamic phase with several indicators suggesting both growth and potential for correction. Currently, there is sustained demand for both residential and commercial properties, driven by factors like infrastructural development, a rising preference for luxury and smart homes, and the city’s strategic importance as a business hub.
Short-term forecasts predict moderate growth in property prices due to economic uncertainties and regulatory changes, with an increased focus on affordable housing segments. Medium-term prospects are optimistic, bolstered by ongoing infrastructure projects like the Dwarka Expressway and Metro expansion, which are expected to enhance connectivity and attract more investments .
While there are whispers of potential corrections due to high interest rates and economic challenges, the overall market sentiment remains positive with a projected growth rate of 10-11% for 2024 . This growth is underpinned by increasing demand for spacious homes, regulatory assurances from RERA, and the rising affluence of the population.
For investors and homebuyers, staying informed about market trends and regulatory developments is crucial to navigate this evolving landscape and make informed decisions .
Get in touch with Realty Smartz team who will assist you to take the same forward.
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