Why are property prices in gurgaon surprisingly rising everyday
The Gurgaon real estate market may be a startling place at times, with property buyers paying more than Rs. 30 Lacs for a 1 BHK and spending crores for properties under 2500 sq. ft. Because of its intrinsic enormity, this is undoubtedly a large and enormous real estate micro-market that is tough to navigate even for the most experienced investors. Here are some interesting facts about Gurgaon real estate to assist you have a better understanding of the market.
Property values are skyrocketing at an unfathomable rate.
Any real estate forum will have individuals debating the worth of residential properties and how they are becoming out of reach. Even with the present Covid-19 epidemic in
mind, residential property values in Gurgaon have increased while property values in the rest of Delhi NCR have decreased. Many districts in Gurgaon had an increasing movement in average prices (1.6 - 3.4 percent) in the first couple of months of 2021 compared to the year-ago period, according to a study by a reputable property consultant website, and this is happening amid the pandemic. You may now picture the expected price increase on average days.
Residential offering luxury have turned prices to be a little out of control.
Yes, residential property prices in Gurgaon have risen in recent years and have become quite 'expensive.' Prices in emerging sections on Golf Course Extension Road have risen by an incredible 6.97 percent from January-March 2020. An apartment in Sector 65 Gurgaon, which was previously offered for Rs. 8,840 per sq. ft., is now available for Rs. 9137 per sq. ft. However, there are still many developing areas along Golf Course Extension Road where property values remain stable. Gurgaon real estate is unpredictable and difficult to predict.
The convenience for commercial hub which includes EVERYTHING
The real estate market in Gurgaon is fuelled by well-paid working professionals and the business elite. Are you curious as to why housing prices are so high? Working professionals and business schools with huge funds are to blame. According to several statistics and data, Delhi-NCR is home to roughly a quarter of India's billionaires, with Gurgaon serving as their primary or secondary residence. In addition, there are a large number of well-paid MNC employees who are willing to pay any price for a luxury property in a gated community. As a result, numerous well-known real estate developers such as DLF, Tata Housing, and Godrej Properties are creating luxury residential buildings with the most up-to-date features and facilities.
Raising The bar higher for costly office spaces
Because of the various MNCs that call this region home, it has its own distinct character as a North Indian IT cluster. Gurgaon is not only a desirable place to live, but it also serves as a hub for business growth. However, purchasing or leasing a business property in this city is not inexpensive. Gurgaon's commercial space is among the most costly in India.
Because of all the reasons stated above, gurgaon has become one stop for luxury apartments which includes world class amenities, both high rise and low rise, including everything one person can dream of living in. the, the commercial hub which has added the exorbitant reasons to hike the price because of the convenience that people find to travel to their office. And also, because of the employment rate that has been multiplied since the commercial hubs have dominated the gurgaon’s real estate is one of the reasons that today and in coming years, gurgaon is one of the best and smart places to invest your money in.
If you have not done it yet, then stop thinking about it and give our real estate agents a call, we will help you in finding the best property listing in gurgaon for your next potential investment.