Luxury Property Market in Gurgaon: Trends and Insights
Property prices in Gurgaon vary considerably from other nearby region. The migration and urbanization have led to rising demand for housing in Gurgaon. This results in a flourishing real estate market in the city. The city boasts eco-friendly and sustainable housing options in addition to flexible office solutions and co-working spaces. High-net-worth investors looking for a luxury property in Gurgaon must be acquainted with the trends and insights discussed below.
Trends and Insights for the luxury property market in Gurgaon:
1) Scenario for real estate in Gurgaon:
The real estate market in the city is thriving with swift infrastructure development projects. Some of the latest developmental projects include under-construction Dwarka Expressway and NH-8 connectivity, and metro line expansion. These projects raise the prices of residential and commercial properties in the city.
Due to smooth connectivity to Delhi and other regions of NCR, Gurgaon boasts properties ranging from affordably priced 2 BHK flats to lavish high net worth options like DLF The Camellias.
2) Prominent localities for real estate investment in the city:
Investors aspiring to get high returns on real estate investment must consider top localities in Gurgaon. For instance, they can consider localities like Southern Peripheral Road, Golf Course Extension Road, Dwarka Expressway, Sohna, and New Gurgaon.
Due to Gurgaon’s development as a principal real estate hub in India and close vicinity to Delhi-NCR, the aforementioned localities offer outstanding investment opportunities. Consequently, the corresponding investment in the property in Gurgaon may bring the best return in the future.
3) Top premium projects in Gurgaon to invest
For investors aspiring to seek luxurious living spaces in Gurgaon, it is recommended to invest in premium projects. Victory Floors at AnantRaj 63A, Golf Course Extension road, Gurugram offers spacious apartments with stunning views and elegant gardens.
Here is the list of all luxury projects by Laburnum Developers:
- Victory Floors by Laburnum, Sector 63A
- Laburnum Versalia, Sector 67A
- South City 2, Sector 49
- Malibu Town, Sector 47
- Uppal Southend, Sector 49
- Rosewood City, Sector 49
- Aaron Ville, Sector 48
- Vipul World, Sector 48
4) Key features of premium projects in the city:
In Gurgaon, the premium projects provide a profligate lifestyle with luxurious specifications and smart home tech. The prominent amenities include security, gyms, landscaped gardens, swimming pools, meeting rooms, a café, lounge, outdoor pool deck, kids play area, multipurpose hall, spa facilities, etc. You can choose a luxury property with the expected amenities and features by consulting Victory Floors Gurugram.
5) Future of the real estate market in the city:
Gurgaon’s real estate market has developed steadily. The contributing aspects are its emergence as a service industry hub and its vicinity to Delhi-NCR. The future appears promising for the city’s real estate if one glances at the developmental infrastructure projects.
Things to consider before selecting a luxury property in Gurgaon:
Considering the following aspects help you to choose the most suitable luxury property in Gurgaon:
- Outline your requirements
- Research reputable developers
- Analyze location and price
- Determine the features and amenities offered
- Consult with Real Estate Agents
- Conduct financial due diligence
- Conduct legal verification
Property prices in Gurgaon Different Location :
Gurgaon stands out as a prominent employment center in Delhi NCR, hosting numerous IT, finance, and banking establishments. The city’s appeal lies in its diverse employment opportunities, robust connectivity, and rich social amenities, making it a sought-after destination for both investors and end-users.
Property rates in Dwarka Expressway, Gurgaon :
Dwarka Expressway, Gurgaon, showcases a range of property rates across different segments. In areas like Sector-99A Gurgaon, Rajendra Park, and Sector-105 Gurgaon, affordable housing units are available, priced up to Rs 5,000 per sq ft. Moving to mid-segment housing in Sectors 103 and 107 Gurgaon, property rates hover between Rs 5,000 per sq ft and Rs 6,500 per sq ft. Premium localities along Dwarka Expressway, such as Sectors 37D, 99, 110, 110A, 111, and 112, offer units starting from Rs 6,500 per sq ft. The housing stock primarily consists of residential apartments and plots, with different sectors specializing in various housing options.
Property rates in Golf Course Road:
Golf Course Road presents varied property rates as well. Affordable areas like Sectors 43, 55, 56, DLF City Phase 1, and Vigyan Vihar offer units up to Rs 10,500 per sq ft. Mid-segment areas, including DLF City Phase 4 and Sector-28 Gurgaon, fall within the range of Rs 10,500 per sq ft to Rs 14,000 per sq ft. Upscale residential hubs like Sectors 42, 53, 54, and DLF City Phase 5 start from Rs 14,000 per sq ft. The housing options on Golf Course Road mainly comprise residential apartments, builder floors, independent homes, and land pockets.
Property rates in Golf Course Extension Road:
Sectors 61, 67, and 67A are middle-income housing groups with property rates ranging between Rs 8,000 per sq ft and Rs 10,000 per sq ft. Sectors 60, 62, 65, and 66 are among the premium areas starting Rs 10,000 per sq ft. As per 99acres, Sectors 59, 62, 65, 66, and 67 primarily offer residential apartments, followed by builder floors including Sectors 67, 63A and 67A. While Sector 66 has a maximum listing of villas/independent homes, Sectors 60, 65, 67, and 67A offer numerous land parcels
Property rates in New Gurgaon:
In New Gurgaon, property rates vary across different segments. Affordable areas like Sector-95B Gurgaon offer units up to Rs 4,500 per sq ft. Mid-segment localities such as Sectors 84, 89, 93, and 95 Gurgaon range from Rs 4,500 per sq ft to Rs 5,500 per sq ft. Premium areas like Sectors 81, 82, 83, and 85 start from Rs 5,500 per sq ft. The residential landscape in these sectors includes apartments, builder floors, villas, and land parcels.
Property rates in Sohna Road:
Sohna Road displays property rates in middle-income locales such as Malibu Town, ranging from Rs 6,500 per sq ft to Rs 8,000 per sq ft. Premium housing hubs in Sectors 47, 48, 49, 33, and 68 Gurgaon start from Rs 8,000 per sq ft. Sectors 47 and 48, along with Malibu Town, offer a mix of apartments, builder floors, villas, and residential plots.
Property rates in Southern Peripheral Road :
On Southern Peripheral Road, affordable housing units in Sectors 76 and 78 Gurgaon are priced up to Rs 5,500 per sq ft, while mid-income units in Sectors 71 and 80 Gurgaon range from Rs 5,500 per sq ft to Rs 6,500 per sq ft. Premium housing hubs in Sectors 69, 70, 72, and 73 Gurgaon start from Rs 6,500 per sq ft. Sector 70A offers a diverse range of residential options, including apartments, builder floors, land parcels, and independent homes.
Conclusion:
In recent years, Gurgaon has flourished as a prominent real estate destination & property prices in Gurgaon vary considerably from other nearby region. Property prices may vary over time and above given prices are based on previous pricing project. The migration and urbanization have led to rising demand for housing in Gurgaon. Due to its vicinity to Delhi and seamless connectivity via metro and road. Gurgaon offers a combination of property prices budget-friendly and luxurious properties fulfilling the various needs of investors. Considering the bright future for Gurgaon’s real estate market, it is deemed that now is the best time to invest in a luxury property here.