Gurugram Realty Projects Worth Rs 880 Bn in 2024

29 Jan 2025 CW Team

Since HRERA's establishment in 2017, projects worth Rs 3 trillion have been registered, with a total of 877 projects recorded by 2024. HRERA's strict enforcement of rules and improved transparency have contributed to an environment conducive to real estate growth, ensuring that buyers are protected and the market remains equitable.

The market has seen a dominance of luxury projects, with 34 such projects in 2024 alone surpassing Rs 10 billion in investments. The rise in investments is attributed to the launch of high-value luxury projects in key micro-markets like Golf Course Road, Golf Course Extension Road, Southern Peripheral Road (SPR), and Dwarka Expressway.

The increase in interest from ultra-high-net-worth individuals (UHNIs) and non-resident Indians (NRIs) has been driven by favourable currency exchange rates and simplified investment processes. The growth in the realty market is also supported by Gurugram’s strategic location in the National Capital Region (NCR) and its advanced infrastructure.

In 2024, at least 34 projects in Gurugram saw investments exceeding Rs 10 billion each. Developers such as M3M have credited the district's growth to its appeal to investors, homebuyers, and businesses alike.

From 2017 to 2024, real estate investments in the city have shown a consistent upward trend: Rs 452.26 billion in 2023, Rs 354.80 billion in 2022, Rs 167.75 billion in 2021, Rs 83.27 billion in 2020, Rs 198.79 billion in 2019, Rs 141.05 billion in 2018, and Rs 640.42 billion in 2017.

Developers have emphasised the need for rapid infrastructure development to complement private housing, calling for the acceleration of projects like roads, metro connectivity, and the Regional Rapid Transit System (RRTS). The quality of private infrastructure needs to align with public amenities to ensure sustained growth in Gurugram.

News source: Hindustan Times

The real estate sector in Gurugram experienced significant growth in 2024, with total investments amounting to Rs 881.44 billion across 124 projects registered with HRERA Gurugram. This marked a substantial increase from Rs 452.26 billion in 2023, nearly doubling the previous year's investments. Since HRERA's establishment in 2017, projects worth Rs 3 trillion have been registered, with a total of 877 projects recorded by 2024. HRERA's strict enforcement of rules and improved transparency have contributed to an environment conducive to real estate growth, ensuring that buyers are protected and the market remains equitable. The market has seen a dominance of luxury projects, with 34 such projects in 2024 alone surpassing Rs 10 billion in investments. The rise in investments is attributed to the launch of high-value luxury projects in key micro-markets like Golf Course Road, Golf Course Extension Road, Southern Peripheral Road (SPR), and Dwarka Expressway. The increase in interest from ultra-high-net-worth individuals (UHNIs) and non-resident Indians (NRIs) has been driven by favourable currency exchange rates and simplified investment processes. The growth in the realty market is also supported by Gurugram’s strategic location in the National Capital Region (NCR) and its advanced infrastructure. In 2024, at least 34 projects in Gurugram saw investments exceeding Rs 10 billion each. Developers such as M3M have credited the district's growth to its appeal to investors, homebuyers, and businesses alike. From 2017 to 2024, real estate investments in the city have shown a consistent upward trend: Rs 452.26 billion in 2023, Rs 354.80 billion in 2022, Rs 167.75 billion in 2021, Rs 83.27 billion in 2020, Rs 198.79 billion in 2019, Rs 141.05 billion in 2018, and Rs 640.42 billion in 2017. Developers have emphasised the need for rapid infrastructure development to complement private housing, calling for the acceleration of projects like roads, metro connectivity, and the Regional Rapid Transit System (RRTS). The quality of private infrastructure needs to align with public amenities to ensure sustained growth in Gurugram. News source: Hindustan Times

Infrastructure Transport

17 Sep 2025

Gurgaon-Pataudi-Rewari Highway Set for Completion by December 2025

The National Highways Authority of India (NHAI) has set a new target to complete the four-lane Gurgaon-Pataudi-Rewari highway by December 2025, following a two-year delay.Originally planned in 2018 to upgrade the two-lane state highway into a national highway, the project is estimated to cost Rs 9 billion. Construction, which began in 2021, was initially scheduled for completion in November 2023. According to NHAI, around 70 per cent of the work is already complete, with two major structures still pending: a railway overbridge at Pahari village and a two-lane unidirectional flyover on Dwarka E..

Infrastructure Transport

17 Sep 2025

UP Plans Rs 900 Million Extensions to Hindon Elevated Road

The Uttar Pradesh state bridge corporation has prepared the detailed project report and cost estimates for two proposed extensions of the 10.3-km Hindon elevated road, officials said on Thursday. The road connects Raj Nagar Extension to UP-Gate near the east Delhi border, and the project is expected to cost around Rs 900 million.The two extensions, each 400 metres long, will be added to the existing elevated road to ensure smoother traffic flow. “One of the extensions will be from near the Kanawani culvert (near Indirapuram) to the elevated road for commuters heading towards Delhi. The other..

Infrastructure Urban

17 Sep 2025

Goa Likely to Miss October Deadline for Maritime Master Plan

Goa is expected to miss the October 31 deadline for submitting its maritime and waterways master plan, which covers the state’s 105 km coastline and river network. The delay is due to the project management consultant not yet being appointed. The plan is now anticipated to be completed by December, Captain of Ports Octavio Rodrigues stated at the India Maritime Week 2025 roadshow.“We have already selected the consultant and will bring them on board within a week. Only then can we begin drafting the master plan, which is essential to secure central government funding,” Rodrigues added.A c..