The continuous growth of the property prices in Gurgaon is
undoubtedly due to the booming IT Sector. The increase in demand of the
commercial units has simultaneously initiated huge demand for
residential complexes as well. To purchase or take rent on property in
Gurgaon, you are recommended to get updated with the current property
prices of the area where you intend to go for real estate investment.
According to the latest price trends in Gurgaon, the average price of commercial plot is 13.85 crore while the average price of office unit is 2.49 crore and the average price of shop is 1.90 crore.
In spite of the global economic slump, the property prices in Gurgaon are always on upward scale. Let us explore few facts related to the property prices in Gurgaon realty market.
Facts on Prices in Gurgaon : -
According to the latest price trends in Gurgaon, the average price of commercial plot is 13.85 crore while the average price of office unit is 2.49 crore and the average price of shop is 1.90 crore.
In spite of the global economic slump, the property prices in Gurgaon are always on upward scale. Let us explore few facts related to the property prices in Gurgaon realty market.
Facts on Prices in Gurgaon : -
- The cost of property investment has increased as the interest rates are on the higher side. For long term investors, the present scenario of Gurgaon property prices is highly lucrative. In fact, the property investment returns within a year are almost non-existent.
- The revision of collector rates also causes the hike of property prices in Gurgaon. The circle rates revised by the Gurgaon District Administration have caused quantum leaps in the rates of New Residential Zones (NRZ) of Gurgaon.
- Even though the revision of the circle rates of properties other than the ones located in the NRZ (New Residential Zones) of Gurgaon has slowed the rate of increase of prices but the land owners or the farmers who own the cultivable land receive the maximum benefits.
Addi Sharma is a well known author and has been writing content
for iTrust Financial Advisors. iTrust is a leading personal finance
portal in India providing excellent services in financial planning, real estate India including Gurgaon Real Estate