Property prices in Gurgaon

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  • Author Alex Mathew
  • Published June 27, 2011
  • Word count 348

The continued growth of housing prices in Gurgaon is undoubtedly due to a booming IT sector. The increase in demand for commercial units simultaneously initiated a high demand for residential complexes. To buy or take on rent the property in Gurgaon, it is recommended that updated with current property prices in the area where you are going for property investment.

According to the latest trends in prices in Gurgaon, the average price of commercial plot is 13.85 million rupees, while the average price of the unit in the office is 2.49 billion rupees and the average price the store is 1.90 crore.

Updates prices in Gurgaon (March 2010)

1 BHK apartment - 30 lakh

2 BHK apartment - 60 lakh

3 BHK apartment 90 lakh

A BHK house - 50 lakh

2 BHK house-65 lakh

3 BHK house - Rs 1.5 million

Residential plot - Rs 2.0 million

Despite the global economic crisis, property prices in Gurgaon are always ascending. Let's explore some facts concerning the price of housing in Gurgaon real estate market.

Data on prices in Gurgaon

The cost of real estate investment has increased interest rates are at the top. For long-term investors, the current scenario of Gurgaon property prices is highly lucrative. In fact, the performance of property investments within a year is almost nonexistent.

The revision of rates collector also makes the high price of housing in Gurgaon. The revised circle rates for Gurgaon District Administration have caused a big jump in the rate of new residential (NRZ) in Gurgaon.

Although the revision of the circle of property rates than those found in the NRZ (new residential) of Gurgaon has decreased the rate of increase in prices, but the owners of the land or farmers are owners of agricultural land receive maximum benefits.

The booming real estate market is expected to witness the construction of 10,000 luxury apartments in the following years. In the phase of economic recovery, Gurgaon real estate market is flooded with news of the call of many ambitious projects developed by real estate major in the region. Therefore, if you are considering buying or investing in property, it is recommended to go for it now.

Author is an associate editor for Gurgaon Property. Get all possible information about Property in Gurgaon and Real Estate Gurgaon. We also provide information about Rental Services, Paying Guest Accomodation etc.

Article source: https://articlebiz.com
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