A Study on Property Prices in Gurgaon- By: Aadi Sharma
Few decades back Gurgaon was simply a modest town that has now developed into one of the prime commercial hubs of the NCR. With the event of India's financial revitalization followed by monetary liberalization foreign direct investment of the area has increased considerably. In fact, due to FDI coupled with favorable government policies, Gurgaon has now turned out to be a thriving real estate hotspot. As a result of which, the property prices in Gurgaon are constantly rising with time.
The factors behind the ever increasing property prices in Gurgaon is not only due to the over growth of business and corporate sector but also the establishments of institutions in the form of public schools, reputed business schools, engineering and IT colleges and other such institutes. The city is also spotted with several branded hotels, cinemas, shopping centres, hospitals and such others.
Thanks to the growing population and their ever increasing earning capacity that has generated a consistent demand and has kept the property prices in Gurgaon ever soaring. The expansion of the corporate segment of the society is initiating increase in population who in turn further boosting the establishment of new business offices and residential spaces.
Though started by the realty giant DLF, Gurgaon is now the common ground of real estate activities for many other renowned developers like Vatika, Parsvanath, Ansal and others. Let us take a look at the trends of property prices in Gurgaon.
Trend of Property Prices in Gurgaon (Plot Rate)
Sector 9 - 1530 – 2520 per sq.ft
Sector-10 -1440 – 2880 per sq.ft
Sector-21- 2430 – 3510 per sq.ft
Sector-22- 1980 – 3240 per sq.ft
Sector-23-2430 – 3240 per sq.ft
Sector-46-2700 – 3870 per sq.ft
DLF CITY- 1980 – 7650 per sq.ft
Palam Vihar-2700 – 4230 per sq.ft
Sushant Lok-495 – 2700 per sq.ft
Trend of Property Prices in Gurgaon (Flat Rate)
Sector-47- 1170 – 2700 per sq.ft
Sector-56- 2070 – 2880 per sq.ft
DLF CITY- 2070 – 4230 per sq.ft
DLF CITY Phase IV- 3330 – 4050 per sq.ft
DLF CITY Phase V- 2430 – 4050 per sq.ft
Dharuweda - 1080 – 1485 per sq.ft
Sohna Road- 2250 – 3420 per sq.ft
Vatika City- 495 – 2700 per sq.ft
The above mentioned information would give a clear idea of the prices prevalent in the market.
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