Surprising Facts About Gurgaon Real Estate!
The Gurgaon real estate market can be a surprising place at times, with home buyers paying more than Rs. 30 Lacs for 1 BHK and spending in Crores for the homes that are not more than 2500 sq. ft. in area.
This is unquestionably an extensive & vast real estate micro-market and difficult to navigate through even for the more knowledgeable investors, because of its inherent immensity. Here are some of the surprising facts about Gurgaon real estate to help you understand the market a little bit.
Surprising Facts About Gurgaon Real Estate!
- By Admin
- News
Table of Containts
- Property prices are rising so fast at the speed you can’t think
- Residential property prices are a little crazy
- Gurgaon real estate boosted by well-paid working professionals & business class
- More than 100 million rupees for a single property
- Most expensive office spaces
Property prices are rising so fast at the speed you can’t think
Go to any real estate forum and you will read people heatedly discussing residential property values and how they are getting out of reach. Even you take the current Covid-19 pandemic in mind when property values in the rest of Delhi NCR facing a downturn, residential properties value in Gurgaon has grown.
According to a research by reputed property consultant website, many regions in Gurgaon saw an upward movement in average prices (1.6 – 3.4%) in the first couple of months of 2021 compared with the year-ago period and this is happening during the pandemic. Now you can imagine the estimated price rise of normal days.
Residential property prices are a little crazy
Yes, it is true that residential property prices in Gurgaon have become a little ‘expensive’ in recent years. If you take 2020 Jan-Mar as a starting point, prices in developing sectors on Golf Course Extension Road have shot up by an insane 6.97%. An apartment in Sector 65 Gurgaon that was available at the price of Rs. 8,840 per sq. ft. year back, now available at the price of Rs. 9137 per sq. ft. But still, there are many developing locations on Golf Course Extension Road where property prices are still stable. Gurgaon real estate is full of surprises and hard to forecast.
Gurgaon real estate boosted by well-paid working professionals & business class
Want to know why property prices are so high? Blame it on working professionals & business classes with deep pockets. Many reports & data reveal Delhi-NCR has nearly 1/4th of India’s billionaires – calling Gurgaon their home or second home. As well as, there are numerous paid working professionals of MNCs who are ready to pay any amount for luxury homes in gated communities. And that’s why many reputed real estate developers like DLF, Tata Housing, and Godrej Properties launching luxury residential projects with the best features & amenities.
More than 100 million rupees for a single property
When it comes to the Gurgaon real estate, how can we forget to mention DLF The Camellias in Sector 42? The famous residential project is known for super-luxury features & the most expensive homes. This residential project launched in 2014 at Rs. 22, 500/ sq. ft. and now is available at Rs. 38500/ sq. ft. According to real estate experts, the total value of this project is approx Rs. 12, 000 Crores and most of the buyers of this residential project are belong to Delhi NCR, many of them from ‘The Magnolias’ and ‘The Aralias’.
Most expensive office spaces
This region has its own special identity of being an IT hub of North India, because of the numerous MNCs residing there. Gurgaon is not only one of the most preferred locations from a living point of view but also functions as the base for commercial developments. But it’s not cheap to buy or lease a commercial property here. The commercial space of Gurgaon is some of the most expensive in India.
Get all the latest posts delivered straight to your inbox.
Related More Blogs
Residential Properties Nearby Golf Course A Smart Investment Opportunity!
- By Admin
- Market Trends
If you are a golf lover, then you will love living nearby a golf course where you can play this sport just a few steps away from your home. But, this is not the only advantage of living nearby a golf course.
Even if you are not a golfer, there are lots of benefits you will get and high ROI is the biggest. Here we are talking about some of the best golf courses in Delhi NCR and price trends of nearby communities to give you a clear picture.
Table of Containts
- DLF Golf & Country Club (DLF 5 Sector 42 Gurgaon)
- Now come to the real estate investment point of view…
- Karma Lakelands (Sector 80 Gurgaon on NH-8)
- Real estate investment opportunities nearby Karma Lakelands
- Noida Golf Course (Sector 38 Noida)
- Real Estate Investment opportunities nearby Noida Golf Course
- Jaypee Greens Golf Course (Sector 128 Noida)
- Investment opportunities nearby Jaypee Greens Golf Course
- Golden Greens Golf & Resort Ltd. (Sector 79 Gurgaon)
- Investment opportunities nearby Golden Greens Golf & Resort Ltd.
- Bottom Line
DLF Golf & Country Club (DLF 5 Sector 42 Gurgaon)
One of the luxurious golf clubs in Delhi NCR, founded in 1999 and owned & maintained by DLF. American professional golfer “Arnold Palmer” is the designer of DLF Golf and Country Club, so the world-class golfing experience is guaranteed. DLF organizes European co-sanctioned matches – Avantha Masters and Johnnie Walker classic. This is a mecca for the golfer of Delhi & Gurgaon.
Now come to the real estate investment point of view…
DLF 5 is located in Gurgaon on Golf Course Road, this region is considered the poshest locality in Gurgaon, home to super-luxury residential projects, educational institutions, and retail developments.
DLF The Camellias in Sector 42 Gurgaon is the most expensive property in India and one of the most expensive in the world, positioned just adjacent to the DLF Golf & Country Club. There are many other best luxury residential projects from DLF are located in this location. If we talk about the price history & trend of this particular region then in the first quarter of 2010 the average property price of this region was Rs. 6372 per sq. ft. and at this time in 2021, the average property price is Rs. 12142 per sq. ft. It means property buyers & investors who bought property here 10 years back now enjoying outstanding ROI.
Karma Lakelands (Sector 80 Gurgaon on NH-8)
This is not only a 9 holes golf course but a resort too, set in the middle of a posh residential neighborhood with an eye-catching view of the green surrounding, exotic trees, beautiful birds, and dears. Here you can learn golf as an individual or group and pick up the sport. Not only golf, here you can enjoy luxury accommodation, the best dining option, different types of events, heavenly experiences. Thus Karma Lakelands presents a decent golfing experience.
Real estate investment opportunities nearby Karma Lakelands
There are many best residential projects from reputed real estate developers are available in nearby sectors of Karma Lakelands. DLF Ultima in Sector 81 Gurgaon and Godrej Air in Sector 85 are the best residential project from real estate brands.
If we talk about this region, excellent connectivity through nearby NH – 8 and in the near future upcoming metro corridor and cloverleaf flyover will further boost the manifolds connectivity options to inhabitants of this neighborhood. Many major roads & expressways like Dwarka Expressway, KMP Expressway, Southern Peripheral Road (SPR) and Central Peripheral Road (CPR), and Pataudi Road are nearby. The impact of these existing & upcoming infrastructural developments has been seen in the property values of nearby sectors. In the first quarter of 2011 average property price in this region was approx Rs. 3060 per sq. ft. and existing property price is approx Rs. 6077 per sq. ft.
Noida Golf Course (Sector 38 Noida)
Noida Golf Course is located at sector 38 Noida, nearby Noida Golf Course metro station. Here both members & non-members can play and enjoy the other facilities. In fact, if you know someone there or a guest of one of the members there, you will get a good discount. Even professional players can play at very reasonable rates.
Real Estate Investment opportunities nearby Noida Golf Course
Even as there are many residential projects are available for investment in Noida, but if you are looking for the best & reputed real estate developer then there is only a single option available nearby this region, Godrej Green Woods at Sector 43 Noida. From this location, you will have easy access via the Noida-Greater Noida Expressway and Delhi & Ghaziabad borders are only 10 – 15 minutes. Many reputed educational institutions, hospitals, and recreational centers are a few minutes away. Enjoy all these and more while still getting to live in the middle of green surroundings.
At the starting of this year, the average property price in this region was Rs. 9400 per sq. ft. and currently average property price is approx Rs. 11800 per sq. ft., (approx 1% rise within 6 months).
Jaypee Greens Golf Course (Sector 128 Noida)
Located at Sector 128 Noida nearby Noida Expressway, this is one of the best 18-hole golf courses in India. Here outsiders can pay the fees and play golf, but the members will have special privileges like access to other amenities. Most of the residential communities in Sector 128 Noida are built around this golf course and offer eye-catching golf views.
Investment opportunities nearby Jaypee Greens Golf Course
There are many real estate developers who are active nearby sectors of Noida-Greater Noida Expressway, some of the best residential projects are Kalpataru Vista, Tata Eureka Park, and Godrej Nest, etc. At the end of the year 2011 the average property price was Rs. 3000 per sq. ft. approx and now in 2021 average property price is Rs. 6105 per sq. ft. approx. So now if you buy property here then you will get an excellent return on investment.
Golden Greens Golf & Resort Ltd. (Sector 79 Gurgaon)
This 18-holes golf course gives dare even to expert golfers spread over 275 acres of land. It also comprises a complete driving range and special chipping and bunker shots practice areas for beginners. A luxury grand clubhouse with best-in-class amenities and a limited dining hub makes for a peaceful weekend!
Investment opportunities nearby Golden Greens Golf & Resort Ltd.
This developing sector in Gurgaon is sharing its boundaries with Sector 76, 78, 80, 84, and 77. There are many residential & commercial developments in different stages of construction, ready-to-move or upcoming from reputed real estate developers. Some of the best residential projects in Sector 79 or nearby sectors are Emaar Palm Heights, DLF Ultima, and Godrej Aria, etc. The sector is just 5 minutes from NH – 48 and well-connected to Sohna Road & Southern Peripheral Road. At the starting of 2011 average property price in this region was approx Rs. 3060 per sq. ft. and now price is approx Rs. 6077 per sq. ft.
Bottom Line
Demand for residential properties nearby Golf Course always stays elevated. But if you decide to invest in any residential property, be sure you pick the best from a trustworthy real estate developer.
Get all the latest posts delivered straight to your inbox.
