Gurgaon is entering a new phase of “Attainable Luxury”

Gurgaon is entering a new phase of “Attainable Luxury”

Gurugram (Haryana) [India], October 8: Gurgaon’s residential real estate market has undergone a significant transformation over the last few years. The city has established itself as one of India’s strongest premium housing markets, with developers increasingly focusing on luxury and ultra-luxury residences. However, a new trend is now beginning to emerge. The rise of “affordable luxury,” particularly in the ₹2–5 crore price segment.

For the past few years, the primary focus of developers in Gurgaon has largely been on HNIs and ultra-HNIs looking for residences with high ticket sizes, premium addresses and exclusive lifestyle offerings. While this segment continues to remain important, the market is gradually becoming broader. Today, there is increasing attention towards buyers with a budget of ₹2–5 crore who are looking for a balanced combination of luxury, functionality, location and long-term value.

This shift is also influencing the way developers are approaching new projects. Buyers in this segment are no longer looking only for larger homes or premium specifications. They are increasingly evaluating the overall experience, from connectivity and location to thoughtful layouts, construction quality, amenities, green spaces and the long-term potential of the development.

“The Gurgaon buyer is becoming more discerning, and today, luxury is increasingly about finding the right balance between location, quality, lifestyle and value. The ₹2–5 crore segment is emerging as an important part of the market, and developers are beginning to design products around the evolving expectations of this audience.” Mr. Shailesh Singh, Director – Sales, Urban Plus Infrabuild Pvt. Ltd.

The growing demand for this segment also reflects the changing profile of Gurgaon’s homebuyers. Many professionals, entrepreneurs and business families are willing to invest in premium homes but are increasingly conscious about the value they receive for their investment. They want homes that offer an elevated lifestyle without necessarily moving into the ultra-luxury price bracket.

This is creating an opportunity for developers to rethink what luxury means. Rather than simply adding high-end features, the focus is increasingly shifting towards efficient space planning, quality amenities, wellness and recreational facilities, better community experiences and well-connected locations. The objective is to create homes that feel premium while remaining relevant to a wider pool of affluent buyers.

From a sales perspective, the market is also seeing a more informed and research-driven customer. Buyers are comparing developers, studying locations, evaluating project specifications and assessing both end-use potential and future value before making a decision.

Gurgaon’s next phase of residential growth may therefore be defined not only by the emergence of ultra-luxury developments, but also by the expansion of affordable luxury. As the city continues to evolve, the ₹2–5 crore segment could become an increasingly important part of its residential real estate story, offering buyers a combination of quality, comfort, lifestyle and value at a more accessible premium price point.

Website: www.urbanplus.co.in

From Delhi to New York: How Parish Rao Built a Property Valuation Practice for Indians Around the World

From Delhi to New York: How Parish Rao Built a Property Valuation Practice for Indians Around the World

New Delhi [India], September 17: A property valuation is an intensely local document. It depends on one street, one building, its condition and construction, and what comparable properties nearby have actually sold for. That makes valuation an unusual business to run at national scale, and stranger still when the client is living thousands of miles away.

Rao Valuers is the practice Parish Rao has spent more than three decades building.

A chartered engineer and government-approved valuer, Parish Rao leads Rao Associates, also known as Rao Valuers, from New Delhi’s Head office. The practice has worked since 1995 and handles residential, commercial, industrial and institutional valuations all over India through teams in major cities including Delhi, Mumbai, Bangalore, Kolkata, Chennai, Hyderabad, Pune and more. Its published company profile says the practice has completed more than 10,000 valuations.

The client base now extends well beyond India. Families living in the United States, Canada, the United Kingdom, Australia, Singapore and the Gulf regularly need Indian property valued for sales, inheritance, taxation, banking, visa or other financial requirements.

“The property is in Karol Bagh and the owner is in New York,” Rao says. “That is a completely ordinary file for us now. Twenty years ago it was rare.”

An Engineer’s View of What a Building Is Worth

Parish Rao earned his civil engineering degree from Nagpur University in 1989. He believes engineering training is central to property valuation because a valuer is assessing more than a number.

“Most people assume valuation is a financial exercise,” he says. “It is an engineering exercise first. You are valuing a building, and a building has a condition, a construction quality and a remaining life.”

That distinction matters even in ordinary residential work. Two flats in the same building can command different values because of their condition, alterations, maintenance and other property-specific factors.

Why Registration Matters

Credentials carry practical weight in valuation. Parish Rao is registered as a Category I valuer for land and building for income-tax purposes under registration CAT-I/443/117/2000-01.

He is also registered with the Insolvency and Bankruptcy Board of India for the Land and Building asset class under registration IBBI/RV/02/2019/10843, and is a Fellow and life member of the Institution of Valuers.

“Ask any valuer for their registration number before you pay them anything,” Rao says. “A genuine one answers in a second.”

From Landmark Properties to Family Homes

Rao Valuers’ published company profile lists assignments including Ambience Mall in Vasant Kunj at approximately Rs 2,738 crore, three towers at DLF Cyber City in Gurgaon at approximately Rs 2,551 crore, Park Hyatt Goa Resort and Spa at approximately Rs 1,250 crore and The Claridges in New Delhi at approximately Rs 600 crore.

The firm has also worked across banking, energy, healthcare and technology, while its broader property valuation services cover capital gains, mortgage reports, inheritance, court matters, industrial property and immigration-related valuations.

Rao says those large assignments are not representative of the typical file.

“Most of what we do is somebody’s house,” he says. “An inherited plot, a family home or a flat someone needs to sell. Those people are not valuation experts, and they should not have to become experts.”

Working Across Time Zones

For Indians abroad, the difficult part is often not the paperwork. It is trusting a professional they may never meet to inspect a property they cannot personally visit.

Rao Valuers’ NRI property valuation process is designed around that problem. A field engineer visits the property, records measurements and condition, and takes photographs stamped with the date, time and location. The report is then prepared and reviewed before being signed.

Clients abroad can coordinate the inspection through a family member or caretaker in India, while documentation and communication are handled remotely. Standard reports are generally delivered within 48 to 72 hours after inspection.

“If a valuer tells you an inspection is not necessary, be careful,” Rao says. “If the report is questioned later, the evidence behind it matters.”

Parish Rao personally reviews and signs the reports issued by the practice.

“If it is questioned in an assessment or in a courtroom, I am the one who has to stand behind it,” he says. “That concentrates the mind.”

Website: https://www.raovaluers.com

Contact : +91 9868169747 , +91 9891368866

WhatsApp: +91 9891368886

Company Linkedin: https://in.linkedin.com/company/raoassociates1

Founder’s LinkedIn: https://www.linkedin.com/in/parishrao/

Instagram: https://www.instagram.com/raovaluers

Twitter / X: https://x.com/raovaluers

YouTube: https://www.youtube.com/@RaoValuers