The Tribune-Gurugram’s realty market sees record ₹88,000-cr investment in 2024: RERA
The Gurugram housing market witnessed unprecedented growth in 2024, with investments of Rs 88,000 crore in newly launched real estate projects, according to an internal review report by Haryana Real Estate Regulatory Authority (RERA), Gurugram.
The report highlights that 124 new housing projects applied for licences in 2024, marking the highest annual investment since 2017. Interestingly, 34 of these projects have an investment of over Rs 1,000 crore each, nearly doubling the investments made in 2023.
“Gurugram continues to be a hyper-potential real estate zone. We see a distinct shift towards the luxury segment, with soaring investments. In 2024 alone, 34 projects crossed the Rs 1,000 crore mark. From 2017 to 2023, only 27 such projects were recorded,” said Arun Kumar, chairman, RERA Gurugram.
