June 6, 2024 |
Report Highlights Surging Property Prices in Gurugram, is It a Good Time to Invest?
Gurugram’s real estate market is booming, with the “Gurugram Property Pricing Report Q1 2024” by property consultant Homestays revealing significant year-on-year and quarter-on-quarter growth in property prices, highlighting the city’s attractiveness to investors.
Gurugram’s real estate market continues to shine, with a latest report showcasing impressive growth in property prices across various sectors. The “Gurugram Property Pricing Report Q1 2024” by an enterprise named property consultant revealed substantial year-on-year and quarter-on-quarter surge, underscoring the city’s appeal as a dynamic and attractive real estate destination for investors.
As per the data highlighted on the report, in the first quarter of 2024, the average property price in Gurugram ranged from Rs 9,880 to Rs 10,400 per square foot with a significant surge of 28 per cent from the first quarter of 2023’s average of Rs 7,200 to Rs 7,400 per square foot. Notably, if we go on to comparison to the fourth quarter of 2023, which saw prices between Rs 8,980 and Rs 9,200 per square foot, there was a notable 9.5 per cent increase.
Sector wise pricing in Gurugram
Expert comments
Property consultant, commented, “Gurugram’s real estate sector is currently witnessing a transformative phase characterized by remarkable growth rates across various localities. The continued demand for high-quality housing and infrastructure development is driving these positive trends. 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. The resurgence in housing demand, previously subdued by Covid-induced economic uncertainties, is now strong and enduring.”
Why is this report significant?
Property consultant’s report highlights significant price appreciations across various sectors, reinforcing Gurugram’s dominance in both residential and commercial real estate markets. The findings serve as a valuable resource for potential buyers, investors, and developers keen on tapping into the dynamic Gurugram property market.
Source : News 9 Live
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