Gurugram, which is a prominent city of Haryana, is considered to be one of the most influential places in North India. It has become real estate hub and a centre for corporate houses that have been providing lucrative job offers over the past decade. A large population from tier-II and tier-III cities is moving towards Gurugram due to the employment opportunities and other available facilities. With the State Government developing the city as a Smart City, it has led to the rapid development of projects, writes Priyanka Sharma of Elets News Network (ENN).
The current population of Gurugram is estimated to be close to 2.5 million and is expected to grow to 4.3 million by 2020. As the industrial and financial centre of Haryana, this city has witnessed the third largest increase in per capita incomes in India (after Chandigarh and Mumbai). Almost 45-48 per cent of Haryana’s revenue accrues from Gurugram by way of excise duty, sales tax, stamp duty and registration. This is the hub of the prolific and massive real estate development that is happening in the State today.