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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*) |
| |
|
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| DLF Phase I |
25-26 |
9100-9600 |
| DLF Phase II |
24-25 |
9400-9800 |
| DLF Phase III |
15-17 |
6600-6700 |
| DLF Phase IV |
19-23 |
6100-6900 |
| 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. |
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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.
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