Property Rates in Gurgaon

Gurgaon is one of the fastest growing cities in India, and is wonderful investment hub also. There are many facets that make Gurgaon a real estate hot-spot. Some of them are good connectivity and the burgeoning growth. 

Gurgaon being a bustling and a good city is witnessing reduces property rates due to escalating interest rates. Although Delhi is reeling under high property prices, Gurgaon and other NCR cities are under this phenomenon. 

The cost of investment has risen up because   interest rates are on the higher side. The investors are wary to get back their returns in the near future. Hence the returns on property investment within a one year period are almost nil.

Rent And Capital Rates In Gurgaon Residential Location Rental (Per Sq ft*) Capital (Per Sq ft*)       DLF Phase I 24-25 9000-9500 DLF Phase II 23-26 9300-9700 DLF Phase III 14-16 6500-6600 DLF Phase IV 18-22 6000-6800 Golf Course Road 29-35 5500-6200 MG Road 20-23 6800-7500 Palam Vihar 10-12 3500-3800 Sector 9 7-8 2400-3200 Sector 31 15-17 5500-6500 Sector 47 10-14 3500-4000 Sector 56 9-10 3100-3600 Sohna Road 10-15 3400-3900 Sushant lok 16-18 5400-6600 * The Rates, In Rupees, Are Indicative Only.

Those who want to be a long-term investor in Gurgaon and willing to be in the real estate scenario for long, can derive the maximum advantage at present. It is suggested by the real-estate experts that this price low down is temporary and the property prices would increase once the economy and the interest rates settle down. 

It has also been inferred that the revision of Collector Rates is going to immensely affect the property rates. The revised circle rates, which are decided by the Gurgaon District Administration, have caused steep rise in the property rates in Gurgaon. These quantum leaps in property rates are functional for the New Residential Zones (NRZ) of Gurgaon.

These zones are basically cultivated land areas that are now being used to build residential areas. This has been primarily done to explore the lucrative potential of growth that will come along with the New Residential Zones.

Although due to somewhat similar circle rates, the property rates in developed areas have taken a steep dip. The farmers or the land owners who own cultivable land is getting the maximum benefit out of this. 

Around more than 10,000 new luxury flats will be getting constructed over the next two years in Gurgaon. Many real estate moguls are coming up with their new mega residential projects that are going to make the property scenario more attractive in Gurgaon. It was few months back only the scenario when the Gurgaon property market was on the high rise trend. The current indolence in the realty market is due to the shift in the focus of the buyer’s interest. The market is already ripe with rumours that many high-profile builders and realtors are going to announce numerous lucrative projects in Gurgaon. This will change the paradigm of present slump in property rates towards a bungee-high real estate prices. So buyers and investors, this is the right time to derive maximum out of the ongoing rates of property in Gurgaon.