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Gurugram continues to be a key location for new residential supply in 2020. Despite a tumultuous period, it accounted for 47% of the total residential launches in 2021. Grade A developers who focused primarily on the luxury segment earlier have recognised the opportunity in these challenging times to embark on diversifying their portfolio to mid-income housing. Sector 19, 24, 36 as well as New Gurugram remained favourite locations for new projects such as independent floors and apartment complexes. With a change in market dynamics due to Covid-19, Gurugram is slowly transforming into a real estate market with offerings for all income segments.
Gurugram continues to be a key location for new residential supply in 2020. Despite a tumultuous period, it accounted for 47% of the total residential launches in 2021. Grade A developers who focused primarily on the luxury segment earlier have recognised the opportunity in these challenging times to embark on diversifying their portfolio to mid-income housing. Sector 19, 24, 36 as well as New Gurugram remained favourite locations for new projects such as independent floors and apartment complexes. With a change in market dynamics due to Covid-19, Gurugram is slowly transforming into a real estate market with offerings for all income segments.