May 30, 2024 |
Gurugram Property Rates: Soaring like an Eagle! Prices in THIS area 50% up YoY – 27% jump for Dwarka Expressway
Gurugram Property Rates: In the first quarter of the ongoing year, Dwarka Expressway region witnessed a 27 per cent year-on-year rise in the average property prices, which touched Rs 10,700 per sqft. In the first quarter of 2023, the rates were Rs 8,150 per sqft and Rs 9,200 per sqft in Q4 2023.
Real estate in Gurugram is reaping massive returns as the property rates in the city are witnessing an unprecedented jump. During the January-March 2024 quarter, the average property price in the city ranged between Rs 9,880 to Rs 10,400 per sqft, marking a substantial 28 per cent jump from Q1 of 2023.
In the first quarter of the last calendar year, the average property rates in Gurugram were between Rs 7,200 and Rs 7,400 per sqft. The findings have been made available by real estate consultant in its report titled ‘Gurugram Property Pricing Report Q1 2024’.
Gurugram Property Rates
In the first quarter of the ongoing year, Dwarka Expressway region witnessed a 27 per cent year-on-year rise in the average property prices, which touched Rs 10,700 per sqft. In the first quarter of 2023, the rates were Rs 8,150 per sqft and Rs 9,200 per sqft in Q4 2023.
The biggest jump was seen in property rates in the MG Road area which witnessed a remarkable 50 per cent year-on-year growth. The rates in the region reached Rs 23,400 per sqft in Q1 2024, up from Rs 13,950 per sqft in Q1 2023.
“Gurugram’s real estate sector is currently witnessing a transformative phase characterized by remarkable growth rates across various localities. Our report underscores Gurugram’s appeal as an investment destination, and we anticipate that this upward trajectory in property prices will persist for several more quarters,” said property cunsaltatnt.
Related Articles
Gurugram proposes circle rates for 2026–27; Dwarka Expressway may see the steepest hike of up to 67%
Starting April 1, homebuyers in Gurugram could face a noticeable increase in stamp duty and registration costs, as the district administration has […]
Table Space leases 1.45 lakh sq ft of commercial space in Gurugram at a starting monthly rent of ₹2.85 crore
Co-working space operator TableSpace Technologies Pvt Ltd has leased 1.45 lakh sq ft of commercial space in Gurugram for five years at a […]
Quiet Luxury to Statement Living: How Luxury Buyer Preferences Are Shifting in 2026
NewsVoir New Delhi [India], March 25: In the last few years, the word “quiet luxury” has increasingly entered the vocabulary […]
Recent Posts
Categories
- Real Estate News (678)