Gurugram: South of Gurugram has emerged as a premier real estate destination, experiencing notable property price appreciation and benefiting from stellar connectivity. According to data from 99 Acres, average residential property rates in this area have surged by 20.5% in the past year, 62.2% over the last three years, and an impressive 137.3% in the past five years. Independent floor prices have also seen significant growth, appreciating by 39.2% in the last three years and 98.9% over the last five years. The region’s exceptional connectivity, highlighted by the Delhi-Mumbai Expressway, has transformed it into a hub for high-value investments, making it an attractive choice for homebuyers and investors alike.

South of Gurugram has emerged as a prominent suburb for residential investments, thanks to its exceptional connectivity with the Delhi-Mumbai Expressway, the Centre’s flagship and most expensive infrastructural project. Sohna Road, located in South of Gurugram, has garnered significant attention from developers, transforming the region into a hub for high-value investments.

Mr. Ravi Aggarwal, Co-founder & Managing Director, Signature Global (India) Ltd. says that “South of Gurugram is rapidly transforming into one of the thriving suburbs in the National Capital Region, capitalizing on its proximity to the Delhi-Mumbai Expressway and commercial hubs like Cyber City and Golf Course Road. The seamless connectivity to the Gurugram-Sohna elevated road makes it an attractive location for professionals, offering a quick 15-minute drive to major commercial, retail, and entertainment hotspots in Gurugram. Homebuyers are increasingly drawn to areas like South of Gurugram for their closeness to nature and the health and wellness benefits it offers.

Access to green spaces is associated with greater social cohesion and a sense of community, enhancing overall well-being. In response to this rising demand for sustainable and health-oriented living, developers and urban planners are focusing on creating micro markets and suburbs that emphasize natural features and healthy lifestyles. This trend is set to continue as more people prioritize their physical and mental health in their daily lives.”

The proximity to the Sohna-Dausa stretch of the Delhi-Mumbai Expressway has been a major catalyst for the surge in real estate investments in Sohna Road, especially in the residential sector. This expressway has elevated Sohna Road’s status, making it a capital-rich investment zone with promising returns.

The remarkable 137.3% growth in South Gurugram’s real estate over the past five years underscores its emergence as a prime investment destination. This surge is propelled by strategic infrastructure developments, particularly the Delhi-Mumbai Expressway, which has dramatically enhanced connectivity and appeal. What truly sets South Gurugram apart is its commitment to sustainable living. The emphasis on green spaces and eco-friendly developments aligns perfectly with the growing demand for healthier, more balanced lifestyles. As urban professionals increasingly prioritize well-being, this region’s thoughtful urban planning and natural beauty become even more attractive. The consistent appreciation in property values, especially in residential sectors, reflects strong market confidence. Looking ahead, I anticipate this upward trajectory to continue. The area’s holistic development approach, combining economic opportunities with quality living, positions South Gurugram not just as a real estate hotspot, but as a model for sustainable urban growth in the NCR region.” – Mr Shashank Vashishtha, Executive Director, Exp Realty India

Sohna Road benefits from excellent connectivity to several key routes, including the Direct Noida-Delhi flyways, Delhi-Meerut Expressway, Kundli-Manesar-Palwal (KMP) Expressway, NH-2 (Delhi-Agra), Delhi-Mumbai Expressway, and the Jewar Airport connectivity highway. Additionally, the controlled six-lane elevated Gurugram-Sohna corridor (NH-248A) provides seamless access to major commercial, retail, and entertainment hotspots in Gurugram, just a 15-minute drive away.

Shailesh kumar Gupta, city based real estate consultant says, “Sohna popularly known as South of Gurugram has become an investment magnet within Gurugram’s thriving real estate landscape. Key corridors such as the Dwarka Expressway, Southern Peripheral Road (SPR), and 160-km Sohna-Dausa stretch of the DMIC (Delhi-Mumbai Industrial Corridor) are at the forefront of this transformation. The Sohna-Dausa stretch, in particular, has been hailed as a game-changer for South of Gurugram’s realty ecosystem, significantly enhancing interstate connectivity with states like Delhi-NCR, Madhya Pradesh, Maharashtra, Gujarat, and Rajasthan. The prospects of this stretch emerging as a prime residential and commercial corridor are high, simultaneously boosting real estate developments in the surrounding areas of Gurugram.

South of Gurugram’s commercial real estate properties offer diverse opportunities for businesses, including office spaces, retail outlets, industrial parks, and logistics centers. As per industry data and estimation investing in commercial property in South of Gurugram can yield immediate benefits and long-term gains both, driven by consistent infrastructural development. The region’s flourishing business ecosystem and robust economic growth further cement South of Gurugram’s status as a desirable hub for commercial real estate investments.”

The area is increasingly attracting upper-middle-class and upper-class income groups who are recalibrating their home-buying choices towards green homes and eco-friendly areas. The notified Master Plan 2031 for Sohna emphasizes the development of ample open spaces and green belts, making it a desirable location for homebuyers. The region’s commitment to preserving large swathes of agricultural land and its picturesque surroundings, including the serene Aravalis, adds to its appeal.

With its strategic location, stellar connectivity, and appealing residential options, South of Gurugram is set to become one of the most sought-after real estate destinations. The area’s growth trajectory indicates robust investment potential, making it an ideal choice for homebuyers and investors alike.

South of Gurgaon is emerging as one of the most favorable destinations for real estate investment. Due to its better connection via the Delhi-Mumbai Expressway & the government’s most significant and expensive infrastructure project, the southern part of Gurugram is emerging as a major destination for real estate investment. This southern area is home to Sohna Road, which has drawn an increasing number of developers and turned the area into a sought-after destination for premium real estate buys.

The region has played an important part in the real estate expansion, particularly in the residential sector, because of its proximity to the Sohna-Dausa section of the Delhi-Mumbai Expressway. This has significantly improved the area’s standing as an appealing location to invest with excellent potential for large returns, particularly in the luxury project market. The trend toward more expensive projects suggests that there is an increasing need for upscale housing options. Of the 5,452 newly launched residential units in Gurugram alone in H1 2024, 43% had prices of at least ₹5 crore. In response to this demand, developers have made significant contributions to the creation of high-end housing options, establishing South Gurgaon as a sought-after location that provides long-term value and excellent living.

Ravi Aggarwal, Co-founder & Managing Director, Signature Global (India) Ltd said, “The strategic location and rapid infrastructure development in and around South of Gurugram offers unmatched long-term value and quality living, making it highly attractive to homebuyers and investors. Its proximity to the Delhi-Mumbai Expressway enhances connectivity, further boosting its appeal. As developers focus on creating premium and mid-housing options, South of Gurugram continues to evolve, offering a blend of affordable, mid segment & luxury housing and abundant green spaces.

Ravi Aggarwal added, “Affluent buyers are gravitating towards South of Gurugram owing to the recalibration of their home-buying choices and the desire to invest in green homes and eco-friendly areas. South of Gurugram offers a unique combination of affordable luxury housing and abundant green spaces, creating an attractive environment for homebuyers. Further, the region’s excellent connectivity via the Delhi-Mumbai Expressway, coupled with other infrastructure marvels, positions South of Gurugram as a prime real estate destination. Hence, all these factors offer long-term investments and quality living to buyers and investors in the region.”

Additionally, the area enjoys exceptional access to a number of important thoroughfares, such as the Delhi-Meerut Expressway, the Delhi-Direct Noida flyway, the Delhi-Mumbai Expressway, the Kundli-Manesar-Palwal (KMP) Expressway, the NH-2 (Delhi-Agra), and the Jewar Airport link highway. Furthermore, the immaculate six-lane elevated Gurugram-Sohna corridor (NH-248A) provides easy access to major commercial, retail, and entertainment areas in Gurugram, which are only a fifteen-minute drive away. This is contributing to the natural growth of residential complexes in the area.

Kushagr Ansal, Director Ansal Housing said, “South Gurgaon is one of the promising and rapidly transforming areas in the NCR region. Its proximity to the Delhi-Meerut Expressway and other prominent hubs makes it an attractive location for residents and businesses in this area. Consequently, these factors collectively position South Gurgaon as a leading real estate destination, promising substantial returns on investment and a superior quality of life.”

Thus, investing in South Gurgaon, especially in upscale residential developments, offers selective homebuyers and investors a distinctive opportunity. The area’s advantageous connectivity, bolstered by the Delhi-Mumbai Expressway and other significant roads, has established it as an emerging hotspot for real estate growth. The notable increase in property values and rising interest in luxury homes highlight the region’s potential as a profitable investment location. As the region evolves, it promises a perfect combination of opulence, peace, and accessibility, making it an excellent option for those seeking to invest in a high-end lifestyle.

Mumbai, 22 August 2024: Tribeca Developers, India’s largest luxury branded residential developer and the largest global developer of Trump-branded projects, has set a new benchmark with the launch of their latest luxury residential offering, ‘The Edge.’ In just 30 days the project, which is a collaboration between Tribeca Developers and Tejukaya, has achieved sales exceeding INR. 1,000 crores, establishing it as South Mumbai’s fastest-selling residential development in recent years.

Situated on a prime 2.5-acre site in Parel, Tower 1 of ‘The Edge’ features 228 meticulously designed residences. The development includes a range of 2, 3, 4 & 5 Bed homes, with prices from INR. 4 cr to INR. 12 cr.

The project is one of the largest projects in South Mumbai and is being developed under the Maharashtra government’s ambitious Cluster Redevelopment Policy.

In January 2024, Tribeca Developers announced a collaboration with the 135-year-old Tejukaya Group on this project, with INR. 200 cr. financing line secured from HDFC Capital. Subsequently, Piramal Capital provided an additional INR. 120 cr. of credit line. With less than 50% of these financing lines drawn till date, Tribeca doesn’t expect to draw the balance lines.

Mr. Kalpesh Mehta, founder of Tribeca said “Tribeca focuses on building only landmark trophy properties, and our projects have always been extremely well received across India. With The Edge we pushed the boundaries of luxury well, till the edge, and we are grateful to our customers for rewarding us so robustly on our maiden entry into Mumbai. This is the biggest launch that Tribeca has had in its 12-year journey. The market for luxury residences in India remains strong and buyers across the country are willing to pay huge premiums over competition to acquire homes in trophy projects that are one of a kind, and that is the demand we cater to.”

He added, “Our asset light approach relies heavily on having extremely strong partners who have strong land expertise, such as Mr. Pranav Tejookaya. This land had been in his family for over 100 years and had 730 families housed in chawls built by his great grandfather. Pranav bhai’s ability to vacate and get approvals on once in a lifetime site, is a big reason for our success.”

Pranav P. Tejookaya, CEO & Managing Director of Tejukaya Group, said “Collaborating with Tribeca on ‘The Edge’ reflects our shared vision for redefining luxury in Mumbai. This location has a deep personal significance for us, and seeing it transformed into an iconic residential address is a proud achievement. With Tribeca’s expertise and our deep-rooted local insight, ‘The Edge’ will set a new standard for luxury living in Mumbai.”

‘The Edge’ boasts an iconic façade with two shimmering glass towers rising 600 feet into the sky and will be among the tallest towers in the micro-market. Design is at the core of the residences with every room featuring Tribeca’s signature openable façade, with full length sliding windows and glass railings on the outside.

Tribeca is known for developing the largest rooftop in the world in Pune. The rooftop at The Edge will be the most iconic in Mumbai and will be packed with amenities such as the glass-bottom sky-bridge. The project has one of the largest amenities programs in the entire micro-market with amenities spread across 4 levels.

Mumbai, August 21, 2024: The National Real Estate Development Council (NAREDCO), Maharashtra Chapter, is set to host its flagship event, The Real Estate Forum (TREF) 2024 with JLL as their knowledge partner. The forum will take place on August 29, 2024, at Hotel Trident, Mumbai, with a key focus on India’s Residential Sector. Now in its third edition, this highly anticipated event promises to be even more impactful, aiming to shape the future of Maharashtra’s real estate industry.

The forum will be graced by an impressive lineup of dignitaries, including the Chief Minister of Maharashtra, Shri Eknath Shinde; Deputy Chief Minister Shri Devendra Fadnavis; and Maharashtra Housing Minister Shri Atul Save. This year’s edition is expected to gather over 500 attendees from the real estate sector, providing a platform to explore the latest trends, innovations, and opportunities that the sector presents. Additionally, JLL will unveil a white paper during the event, offering key insights into the industry.

Mr. Prashant Sharma, President of NAREDCO Maharashtra, expressed his enthusiasm for the upcoming forum, stating, “We are delighted to host The Real Estate Forum 2024, an event that will be pivotal in shaping the future of our industry. This year’s forum is designed to tackle the pressing challenges and opportunities offered in the real estate sector. It will be our endeavor to bring forward the changes needed in policy matters with the government that will ably support the industry.”

Dr. Samantak Das, Chief Economist and Head of Research and REIS, India, JLL said, “As Mumbai continues to expand, the completion of key transit infrastructure projects and the upcoming Navi Mumbai Airport promise to drive significant growth in both residential and commercial sectors, propelling the city’s real estate market towards unprecedented levels of activity and value. Mumbai’s residential sales value is projected to surpass INR 1.35 lakh crore in 2024 and grow at a CAGR of ~6.8% to reach over INR 2 lakh crore by 2030. Developers have already acquired over 280 acres of land, translating to a development potential of approximately 42-48 million sq ft and a sales potential of approx. INR 70,000 crore.”

The Real Estate Forum 2024 will feature an array of keynote speakers, panel discussions, and interactive workshops, addressing a broad spectrum of topics vital to the industry. Key discussion topics will include government policies that drive real estate, the diversity of the residential market, challenges and opportunities in redevelopment, trends in real estate financing, and necessary amendments to RERA 2.0, among others.

Attendees will have the opportunity to engage in various breakout sessions and panel discussions, focusing on topics such as:

• MahaUrban Revolution@2047: Government Policies driving real estate
• Real Estate Spectrum: Insights into opportunities beyond residential
• Urban Tapestry: Diversity of India’s residential market
• Rebuilding Mumbai: Challenges and Opportunities in redevelopment
• Unlocking Capital: Trends in Real Estate Financing
• RERA 2.0: Amendments needed in the Act / Implementation

The Indian real estate sector is currently witnessing significant transformations, driven by a series of government reforms and initiatives that have revitalized the housing market. Recent quarters have seen record home sales, with buyers increasingly recognizing the value of home ownership. Developers are advocating for further reforms to enhance transparency, streamline the home buying process, and reduce bureaucratic hurdles.

The Real Estate Forum 2024 is set to be a landmark event, offering a comprehensive platform for industry leaders to deliberate on the future of the residential sector and beyond.

The Union Cabinet, under the leadership of Prime Minister Narendra Modi, has given the green light to the Thane Integral Ring Metro Rail Project (IRMRP), a crucial development poised to revolutionize urban mobility and real estate in Thane. The Maharashtra Metro Railway Corporation Limited (MMRCL) will spearhead this groundbreaking project, marking its first greenfield venture in the metropolitan region.

Scheduled to commence operations by 2029, the Thane Ring Metro will create a vital link between Thane’s remote residential and commercial hubs — Wagle Estate, Ghodbunder, Kolshet, and Saket — and both the new and old Thane railway stations. The project will also connect with Mumbai and Kalyan through the ongoing metro lines 4 and 5. Out of the 22 stations planned, the new and old Thane railway stations will be constructed underground, ensuring seamless integration with the existing urban infrastructure.

With the capacity to carry 1,500 passengers per six-coach rake, the metro is expected to operate every 15 minutes, completing a full loop within an hour. By 2045, the daily ridership on this corridor is projected to reach 8.72 lakh passengers, underscoring the project’s significance for the future of Thane’s urban transportation.

The real estate industry has responded enthusiastically to this development, recognizing the potential for a transformative impact on the region.

Mr. Vedanshu Kedia, Director, Prescon Group, highlighted the project’s broader impact: “The Union Cabinet’s approval of the Thane Ring Metro Project marks a transformative milestone for the Thane real estate market. This project, with its strategic connectivity across key residential and commercial hubs is set to redefine urban mobility and catalyze significant growth in the region. The enhanced connectivity to Mumbai and Kalyan, along with the integration with existing metro lines, will not only improve accessibility but also elevate Thane’s appeal as a preferred destination for homebuyers and investors alike. We anticipate that this development will spur demand for both residential and commercial properties, driving up property values and contributing to the overall economic prosperity of Thane.”

Mr. Rajeev Ranjan, Co-Founder & CEO, The Mentors Real Estate Advisory Pvt Ltd, echoed these sentiments, stating, “The approval of the Thane Ring Metro Project by the Union Cabinet is a game-changer for the Thane real estate market. This project will not only enhance connectivity across key residential and commercial areas but will also bring a transformative impact on property values and development potential in these areas. With the metro seamlessly linking old and new railway stations and integrating with existing metro lines, we anticipate a significant uptick in demand for both residential and commercial spaces. The improved accessibility will make Thane even more attractive to homebuyers and investors, fostering sustainable growth and solidifying Thane’s position as a preferred destination within the Mumbai Metropolitan Region.”

Mr. Rajan Bandelkar, Vice Chairman, NAREDCO and MD, Raunak Group, expressed, “The Thane Integral Ring Metro Rail Project is a significant milestone that will undoubtedly catalyze the real estate market in Thane. The enhanced connectivity provided by this ambitious project will transform Thane into an even more attractive destination for both homebuyers and investors. As commuting times reduce and accessibility improves, we anticipate a surge in demand for residential and commercial spaces, particularly in areas around the proposed metro stations. Thane Integral Ring Metro Rail Project aligns with the vision of creating well-connected, sustainable urban centers, and will play a pivotal role in elevating Thane’s status as a thriving real estate hub. We expect a positive ripple effect on property values, leading to accelerated growth and development in the region. As the metro project unfolds, it will not only uplift the real estate market but also contribute to the overall socio-economic development of Thane, further solidifying its position as a prominent residential and commercial hub in the MMR region.”

New Delhi, 21st August 2024: Welspun One, an integrated fund and development management platform, in partnership with JLL, a leading global real estate services firm, is pleased to announce the successful acquisition of a prime 22-acre site along the Bilaspur-Tauru Road in the Gurgaon/NH-08 corridor. This transaction facilitated by JLL, represents a significant milestone in Welspun One’s strategy to expand its logistics park footprint in India.

The acquired land, situated in India’s most active logistics sub-market, is recognized for its strategic importance. According to JLL, the Gurgaon/NH-08 corridor boasts a total supply of 64 million square feet for Grade A & B spaces as of H1 2024, positioning it as the largest logistics sub-market in India, followed by Bhiwandi in Mumbai. Gurgaon/NH-08 sub-market witnessed a gross absorption of 3.7 million square feet in H1 2024, almost doubling the absorption recorded during the same period in the previous year (H1 2023). This significant increase in absorption underscores the robust warehousing demand in the region.

“This land transaction is unique in the sense that it’s a long lease of aggregated land from multiple private landlords – an emerging transaction typology in the country i.e. lease over outright,” said Yogesh Shevade, Head – Logistics & Industrial, India, JLL

The site is ideally positioned near existing major logistics parks, enhancing its appeal to tenants. Welspun One’s proposed development will complement the surrounding infrastructure, which includes notable tenants like leading 3rd party logistics players, e-commerce giants and retail players.

Mr. Anshul Singhal, Managing Director, Welspun One, stated, “This acquisition marks a significant step in expanding our footprint in one of India’s vital logistics corridors. By leveraging this prime location, we aim to create a cutting-edge logistics hub that will not only support our tenants’ operational efficiencies but also contribute to India’s broader economic growth. We are committed to developing world-class facilities that will enhance the region’s connectivity and drive industrial growth, further cementing our role in the nation’s logistics sector.”

Welspun One plans to invest INR 125 crore in this Bilaspur-Tauru Road project, which is expected to generate employment for 1200-1500 people. The project aligns with the company’s vision to create state-of-the-art logistics and warehousing facilities that cater to the diverse and evolving needs of businesses across various industries.

Dubai, UAE, 20 August 2024: ‘Vilal Housing’, the leading organization specializing in the development of housing solutions for UAE citizens, praises the efforts of the UAE Government in enhancing residential stability for citizens by approving 2,618 housing permits worth over AED 2billion during the first half of 2024.

In this context, Ilham Al Rashdi, Client Experience Manager at ‘Vilal Housing’, stated: “This initiative reflects the wise leadership’s commitment to providing a dignified life for citizens. At ‘Vilal Housing,’ we are committed to our role in supporting this vision by offering innovative housing solutions that meet the needs of the growing Emirati community.”

Al Rashdi added: “We are continuously working on developing housing projects according to the highest standards of quality and innovation, which contributes to enhancing social stability and improving the quality of life in the country. Our partnership with relevant entities is a fundamental part of our strategy to achieve sustainable development and ensure the well-being of future generations.”

Al Rashdi confirmed that ‘Vilal Housing’ is making every effort to meet the increasing demand for housing from citizens by offering services that exceed customer expectations in terms of high quality and adherence to contracts with homeowners. The company collaborates with leading contracting firms in the country and works closely with strategic partners to overcome all obstacles citizens face in completing their construction projects, including providing financing through partnerships with banks and financial institutions to offer loans with easy repayment terms.

‘Vilal Housing’ offers a wide range of housing options that cater to the needs of various segments of society, based on the latest quality and design standards, contributing to the creation of a distinguished and sustainable residential environment.

Al Rashdi concluded: “At ‘Vilal Housing,’ we are always ready to collaborate with all relevant entities to achieve national housing goals and provide the necessary support to ensure suitable housing for every citizen.”

The housing sector has been one of the most vital sectors prioritized since the founding of the UAE, due to its fundamental role in enhancing social stability and improving citizens’ quality of life. With the rapid growth witnessed by the country, making it one of the fastest-growing nations globally, it has become essential to adopt strategic planning and integrated investment in the housing sector to meet the increasing needs of the population and provide suitable housing that aligns with their aspirations. This ongoing commitment reflects the wise leadership’s dedication to ensuring a prosperous future for its citizens.