Gur­gaon’s high pull fac­tor for lux­ury home­buy­ers

De­spite the lim­ited re­turn on in­vest­ment for Gur­gaon units, de­mand for lux­ury flats re­mains healthy

HT Estates - - HTESTATES - San­thosh Ku­mar

Gur­gaon is one of the ma­jor cor­po­rate hubs in the coun­try with the pres­ence of nearly 500 MNCs and an even higher num­ber of In­dian cor­po­rate gi­ants. This is also one of the rea­sons why the city at­tracts a lot of ex­pat pop­u­la­tion, who pre­fer Gur­gaon be­cause it of­fers them a best-in­class life­style equa­tion.

The lux­ury homes pre­ferred by HNIs in Gur­gaon are spa­cious apart­ments with am­ple day­light ex­po­sure, high-end fit-outs, full power backup, well equipped swim­ming pools, gyms, li­brary fa­cil­i­ties, etc. There is no short­age of such homes. As a rule, lux­ury de­vel­op­ers in Gur­gaon have pulled out all the stops in out­fit­ting their of­fer­ings with world-class in­te­ri­ors and ameni­ties. True lux­ury in this mar­ket does not sup­port half mea­sures, with the tar­get clien­tele be­ing HNIs who have trav­elled the world and ex­pect the best.

Many de­vel­op­ers in Gur­gaon are tak­ing no chances at all with the aes­thet­ics of their high-end of­fer­ings, and have tied up with glob­ally re­puted de­sign firms to pro­vide the edge-win­ning flour­ish to their projects. De­spite this, how­ever, Gur­gaon still has some issues which need to be re­solved.

Slow ap­pre­ci­a­tion

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