Gurugram Property Rates: Soaring like an Eagle! Prices in THIS area 50% up YoY – 27% jump for Dwarka Expressway

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.

Gurugram Property Rates in Different Regions in Q1 of 2024
Sector 56 – Rs 9400 vs Rs 7600 YoY
Sector 54 – Rs 24200 vs Rs 25600 YoY
Sector 42 – Rs 51700 vs Rs 32650 YoY
New Gurgaon – Rs 8900 vs Rs 6750 YoY
Sohna – Rs 8000 vs Rs 6350 YoY
Dwarka Expressway – Rs 10700 vs Rs 8150
MG Road – Rs 23400 vs Rs 13950 YoY
Golf Course Ext Road – Rs 16250 vs Rs 12400 YoY
Gurgaon-Faridabad Road – Rs 11000 vs Rs 8100 YoY
Source : Et Now News

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