Gurgaon - Property Price Overview
Gurgaon, now part of the National Capital Region is the second largest city in Haryana. Gurgoan has the third highest per captia income in India. From a normal farming land in the outskirts of Delhi to a Corporate Hub, for over a decade Gurgaon has undergone immense infrastructural developments. Many MNCs have shifted their base to Gurgoan from Delhi, making it one of the noted financial and commercial destinations. Poor public transport system is the only issue that is haunting this city.
Top 10 localities in Gurgaon on the basis of maximum real estate action are Sohna Road, Golf Course Road, Sector 56, Sector 37, DLF 5, Sector 85, Sector 57, Sector 80, Sector 69 , Vatika Seven Elements Gurgaon and Sector 70. The average per square feet (psf) rate for Gurgaon is around 5200/- which is the same for the last 12 months. The stability in the overall psf rate is on account of new projects that are getting launched 15-20 kms away from the min city at a relatively lower price points. Areas within main Gurgaon have however appreciated by 20-30% in the past 12 months.