NewsVoir Gurugram (Haryana) [India], October 28: The real estate prices of houses in Gurugram have risen to an average of 76 percent in the past two years driven by high demand and expectation for more homes. The newly released Prop Index Report by Magic bricks reveals an average price of Rs 14,650 per sq. ft.
, 15.5% up in the last quarter alone (July to September in the fictitious year 2024). Also Read | Delhi Mayor Election 2024: Mayoral Polls To Be Held During MCD House Meeting in November, Says AAP Mayor Shelly Oberoi.
This growth pattern can be accrued mainly to a major infrastructure factor led by the successful construction of Dwarka Expressway. Housing sectors in Gurugram and newer sectors in particular have become more attractive to home buying as this major project has helped to increase connectivity between the two cities. While core Gurugram locations remain steep in rates these emerging sectors are gaining attention for affordable prices in housing, especially around central business districts.
Viren Mehta, Director, ElitePro Infra said, "The Gurugram real estate market has shown remarkable resilience, with property prices increasing by 76% over the past two years. This surge highlights the strong demand for housing, especially in key areas that offer enhanced infrastructure and connectivity. While the supply of residential units has also grown, the rising prices reflect sustained investor confidence and the premium that buyers are willing to pay for quality home.