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 Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..