Residental prices in Gurugram increase by 76 percent in two years Magicbricks

Average property prices in Gurugram have increased 76% in the last two years and 15.5% quarter-on-quarter to reach Rs 14,650 per sq ft in Q2 FY25, according to Magicbricks report. The report further stated that the prices have increased significantly, despite residential demand increasing a moderate 9.9% quarter-on-quarter and supply grew by 18.3% quarter-on-quarter, with an influx of new listing driven by increased market activity and new project launches. With increasing demand, prices of ready-to-move apartments have increased 12.9% quarter-on-quarter to touch Rs 13,729 per sq ft while vprices of under-construction apartments have increased 17.3% quarter- on-quarter to touch Rs 16,180 per sq ft. The report stated that 3-BHK units dominated with 66% of the demand, based on buyers' searches. Average prices of 3-BHK apartments have increased 21.6% quarter-on-quarter to reach Rs 14,600 per sq ft. Further, builder-floors command an average rate of Rs 12,700 per sq ft, multistorey apartments stand at Rs 13,200 per sq ft, residential houses at Rs 16,100 per sq ft, and luxurious villas are available at Rs 25,600 per sq ft The report also elaborated that Dwarka Expressway, New Gurgaon and Golf Course Extension are the most searched areas. 
 

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