Abstract:
Gurugram, is a city in the northern Indian state of Haryana and is one of the fastestgrowing
urban areas in India and has emerged as a major hub of information
technology (IT). The IT sector in Gurugram started to develop in the late 1990s, when
some multinational companies such as GE Capital, IBM, and Microsoft set up their
offices in the city. The proximity to Delhi, the availability of land, infrastructure, and
skilled workforce, and the favourable policies of the state government attracted more
IT firms. Today, Gurgaon hosts over 1000 IT companies, ranging from small startups
to large MNCs, and employs more than half a million people in the industry. Analysing
the impact of Gurgaon's IT sector on land use and the land market is crucial for several
reasons. Firstly, Gurgaon stands at the crossroads of a significant urban
transformation driven by its booming IT industry. Understanding how this sector
influences land use patterns is essential for policymakers, urban planners, and
stakeholders to make informed decisions about the city's development. One key
reason for this analysis is the pressing issue of affordable housing. Furthermore,
examining the impact on the land market gradients is essential as well. The IT sector's
influence on market mechanisms can affect property values, investment patterns, and
overall economic growth. Understanding these changes is crucial for maintaining a
balanced and sustainable real estate market, which is integral to the long-term stability
of the city's economy. By dissecting the intricate relationship between the IT sector,
land use, and the land market, policymakers and researchers can gain insights into
the challenges and opportunities that arise during urban evolution. This analysis
serves as a foundation for developing strategic plans that balance economic growth,
housing affordability, and overall livability. Ultimately, understanding the impact of
Gurgaon's IT boom on land use and the land market is indispensable for crafting a
roadmap that guides the city towards a future that is both technologically advanced
and socially sustainable.
