In the latest report from Geetanjali Homestate, the Gurugram property market has demonstrated a substantial year-on-year growth of 14.9% in Q3 2023. Average property prices now range from Rs 7,400 to Rs 7,550 per sqft. This remarkable surge underscores the city’s evolution into a vibrant real estate destination.
Quarter-on-Quarter Growth: 6.1%
The report also highlights a quarter-on-quarter growth rate of 6.1%. In Q2 2023, property prices were within the range of Rs 6,900 to Rs 7,100 per sqft, showing a steady upward trajectory.
Gurugram’s Diverse Property Offerings
Gurugram offers a diverse range of properties, including residential apartments, builder floors, and residential plots, catering to various property seekers’ preferences. Geetanjali Homestate’s Property Pricing Report serves as a valuable resource for potential buyers, investors, and developers interested in the dynamic Gurugram property market.
Growth in Prominent Localities
Golf Course Road: Sector 42 has seen an impressive year-on-year growth of 44.1%, with property prices surging to Rs 45,000 to Rs 47,000 per sqft in Q3 2023. Quarter-on-quarter growth was 8.8%.
Sohna Road & Dwarka Expressway: Sohna Road saw a year-on-year growth of 22.2% in Q3 2023, with prices ranging from Rs 7,300 to Rs 7,500 per sqft. Dwarka Expressway had a remarkable year-on-year growth of 36.6%, with prices ranging from Rs 8,500 to Rs 10,000 per sqft.
Golf Course Extension Road: Sector 67 witnessed extraordinary year-on-year growth of 45.6%, with prices ranging from Rs 12,000 to Rs 14,000 per sqft in Q3 2023.
Southern Peripheral Road: In Sector 79, there was an impressive year-on-year growth of 32.3%, with prices ranging from Rs 8,600 to Rs 8,800 per sqft in Q3 2023. Sector 70A experienced year-on-year growth of 17.3%.
New Gurugram: In Sector 83, property prices showed a year-on-year growth of 22.2%, with prices ranging from Rs 6,800 to Rs 7,000 per sqft. Sector 92 displayed steady appreciation with a 5.3% year-on-year increase.
