Gated townships see increased demand across diverse locations

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Asian News International

A rise in demand for gated communities/townships can be seen in various locations, driven by the changing lifestyle patterns of homebuyers who prioritize comfort, wellness, and luxury. This trend is especially evident in Delhi-NCR, known as the leading real estate market in India, where buyers are looking for common facilities, open spaces, greenery, security, modern amenities, and high returns on investments. The demand for gated communities is expected to continue to grow in the coming years, with consulting firm Redseer predicting a growth from 130,000 to 225,000 gated communities in the next decade. This trend is also reflected in the increasing number of households in gated communities, which is expected to reach 32 million by 2031.

Gated communities are becoming a sought-after option for homebuyers due to their all-encompassing lifestyle and amenities, as well as the added focus on health, safety, and wellness. This has led to a rise in demand for premium and luxury segments within gated communities, with a predicted contribution of 20% in the next five years. Real estate developers are actively launching new projects to meet this rising demand, with gated communities being considered the epitome of luxury living. This trend is further fueled by the interest of HNIs, NRIs, corporate professionals, business leaders, startup founders, and millennials in investing in real estate assets, making gated communities their top choice.

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