Property prices surge by 14.9% in Gurugram: Report
The Gurugram property market has experienced an impressive year-on-year growth of 14.9%, with average property prices ranging from Rs 7,400 to Rs 7,550 per sqft in Q3 2023, as revealed by the latest report from Geetanjali Homestate. The report, titled ‘Gurugram Property Pricing Report Q3 2023,’ also highlights a quarter-on-quarter growth rate of 6.1%, with property prices within the range of Rs 6,900 to Rs 7,100 per sqft in Q2 2023.
According to the report, the real estate landscape of Gurugram is currently undergoing a significant transformation, marked by an unprecedented surge in property prices throughout the city. The city offers a diverse range of properties, including residential apartments, builder floors, and residential plots, catering to the varied preferences of property seekers. Geetanjali Homestate’s Property Pricing Report serves as a valuable resource for potential buyers, investors, and developers interested in the dynamic Gurugram property market.
Sunil Sisodiya, Founder of Geetanjali Homestate, said, “Gurugram’s real estate sector is presently witnessing a transformative phase characterized by remarkable growth rates across various localities. The continued demand for high-quality housing and infrastructure development is driving these positive trends. Our report underscores Gurugram’s appeal as an investment destination, and we anticipate that this upward trajectory in property prices will persist for several more quarters. The resurgence in housing demand, previously subdued by Covid-induced economic uncertainties, is now strong and enduring.”
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Geetanjali Homestate’s Q3 2023 report on pricing reveals substantial year-on-year and
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