Property Rates in Gurgaon – Real Estate Price & Trends in Gurgaon
Gurgaon, a thriving urban centre in the National Capital Region (NCR) of India, offers a diverse range of rental options to cater to the needs of its diverse population. From high-rise apartments to independent houses and commercial spaces, Gurgaon provides a variety of choices for individuals and businesses seeking rental accommodations.
Property Rental Options in Gurgaon
Here’s an overview of some common rental options in Gurgaon:
Apartments/Flats: Gurgaon features many apartments and flats with varying sizes and amenities. Residential complexes in DLF Phase, Sohna Road, Golf Course Road, and Sector 56 offer a mix of 1 BHK to 4 BHK apartments for rent.
Independent Houses/Villas: For those seeking more privacy and space, independent houses and villas are available in areas like Sushant Lok, Palam Vihar, and Sector 14. These properties often come with individual gardens and parking spaces.
PG (Paying Guest) Accommodations: Paying Guest accommodations are popular among students and young professionals. These typically offer shared living spaces with basic amenities, providing an affordable housing option.
Commercial Spaces: Gurgaon is home to numerous commercial spaces suitable for businesses of all sizes. Office spaces in areas like Cyber City, Udyog Vihar, and MG Road cater to the diverse needs of corporate entities.
Retail Spaces: The city has a vibrant retail sector with shopping malls, standalone retail spaces, and marketplaces. These areas, such as Ambience Mall and Sector 29 market, provide opportunities for businesses looking for retail rental spaces.
Gurgaon Flat Rate / Gurgaon Apartment Cost
The property rates in Gurgaon vary based on factors such as location, amenities, and the overall development of the neighbourhood. The city’s proximity to Delhi and its status as a major corporate hub contribute to the demand for housing, influencing property prices. Below is a table of the approximate cost of apartments in various localities of Gurgaon as of the last available data.
Here’s what the average rates of Apartments in Gurgaon look like–
| Configuration | Approximate Cost in Rupees |
| 1BHK | 39 Lakh |
| 2BHK | 79 Lakh |
| 3 BHK | 2.1 Crore |
| 4BHK | 4.7 Crore |
Here is the average Flat Rate / Gurgaon Apartment Cost mentioned in table below
| Locality Name | Buy Rates/Price Range (Rs. per sq. ft.) | ||
| 2024 | 2023 | Y/Y growth rate | |
| DLF CITY PHASE 1 | Rs. 6,418 – 8,288/sq. ft. | Rs. 6,818 – 8,700/sq. ft. | -4.44% |
| DLF CITY PHASE 2 | Rs. 10,072 – 11,178/sq. ft. | Rs. 10,475 – 11,470/sq. ft. | 2.88% |
| DLF CITY PHASE 3 | Rs. 10,030 – 11,985/sq. ft. | Rs. 10,030 – 11,200/sq. ft. | 3.09% |
| DLF CITY PHASE 5 | Rs. 11,050 – 12,325/sq. ft. | Rs. 11,050 – 12,925/sq. ft. | 4-5% |
| Sector-49 Gurgaon | Rs. 7,182 – 7,990/sq. ft. | Rs. 7,182 – 7,990/sq. ft. | Constant |
| Sector-15 Gurgaon | Rs. 5,950 – 7,480/sq. ft. | Rs. 6,750 – 8,180/sq. ft. | -8-12% |
| Sector-22 Gurgaon | Rs. 8,968 – 10,115/sq. ft. | Rs. 8,968 – 10,115/sq. ft. | Constant |
| Sector-82 Gurgaon | Rs. 4,718 – 5,270/sq. ft. | Rs. 4,118 – 5,270/sq. ft. | 6-7% |
| Sector-31 Gurgaon | Rs. 7,098 – 10,115/sq. ft. | Rs. 7,098 – 10,115/sq. ft. | 3.52% |
| Sector-47 Gurgaon | Rs. 6,502 – 7,990/sq. ft. | Rs. 6,502 – 7,990/sq. ft. | Constant |
| Sector-51 Gurgaon | Rs. 5,738 – 6,545/sq. ft. | Rs. 5,938 – 6,945/sq. ft. | -2-5% |
| Sector-54 Gurgaon | Rs. 13,345 – 15,300/sq. ft. | Rs. 13,345 – 14,600/sq. ft. | 4.57% |
| Sector-56 Gurgaon | Rs. 5,822 – 6,758/sq. ft. | Rs. 5,822 – 6,758/sq. ft. | Constant |
| Sector-57 Gurgaon | Rs. 6,375 – 7,395/sq. ft. | Rs. 6,075 – 7,095/sq. ft. | 1.23% |
| Sushant Lok | Rs. 7,310 – 10,285/sq. ft. | Rs. 7,310 – 9,685/sq. ft. | 3.11% |
Plot / Land Rates in Gurgaon
| Locality Name | Buy Rates/Price Range (Rs. per sq. yd.) | ||
| 2024 | 2023 | Avg. Y/Y growth rate | |
| DLF CITY PHASE 4 | Rs. 1,70,212 – 2,06,168/sq. yd. | Rs. 1,50,212 – 2,00,168/sq. yd. | 7-10% |
| DLF CITY PHASE 2 | Rs. 1,85,895 – 2,12,670/sq. yd. | Rs. 1,65,895 – 1,96,670/sq. yd. | 9% |
| DLF CITY PHASE 3 | Rs. 1,20,105 – 1,48,028/sq. yd. | Rs. 1,20,105 – 1,48,028/sq. yd. | Constant |
| DLF CITY PHASE | Rs. 1,69,830 – 2,08,845/sq. yd. | Rs. 1,59,830 – 2,00,845/sq. yd. | 5-6% |
| Sector-48 Gurgaon | Rs. 1,02,128 – 1,16,280/sq. yd. | Rs. 92,128 – 1,00,350/sq. yd. | 12-18% |
| Sector-15 Gurgaon | Rs. 1,18,575 – 1,21,252/sq. yd. | Rs. 1,18,575 – 1,21,252/sq. yd. | Constant |
| Sector-22 Gurgaon | Rs. 89,505 – 1,00,598/sq. yd. | Rs. 89,505 – 1,00,598/sq. yd. | Constant |
| Sector-83 Gurgaon | Rs. 73,058 – 84,915/sq. yd. | Rs. 65,000 – 78,915/sq. yd. | 14-18% |
| Sector-31 Gurgaon | Rs. 1,10,925 – 1,23,548/sq. yd. | Rs. 1,00,225 – 1,10,550/sq. yd. | 11.51% |
| Sector-48 Gurgaon | Rs. 1,02,128 – 1,16,280/sq. yd. | Rs. 1,02,128 – 1,02,250/sq. yd. | 8-15% |
| Sector-51 Gurgaon | Rs. 1,12,072 – 1,26,990/sq. yd. | Rs. 1,12,072 – 1,26,990/sq. yd. | Constant |
| Sector-54 Gurgaon | Rs. 1,65,240 – 1,87,042/sq. yd. | Rs. 1,60,040 – 1,82,042/sq. yd. | 1-5 |
| Dwarka Expressway Gurgaon | Rs. 63,495 – 80,708/sq. yd. | Rs. 58,400 – 72,908/sq. yd. | 9% |
| Sector-57 Gurgaon | Rs. 1,02,128 – 1,14,750/sq. yd. | Rs. 1,02,128 – 1,08,750/sq. yd. | 3-6% |
| Sushant Lok | Rs. 1,51,088 – 1,77,098/sq. yd. | Rs. 1,39,088 – 1,65,098/sq. yd. | 9.77% |
Average Cost of Independent Houses in Gurgaon
Prospective buyers are encouraged to check out detailed property listings, consult with local experts, and consider specific preferences before making informed decisions regarding independent house investments in Gurgaon.
| Configuration | Approximate Cost in Rupees |
| 1BHK | 39 Lakh |
| 2BHK | 79 Lakh |
| 3 BHK | 2.1 Crore |
| 4BHK | 4.7 Crore |
House Rates in Gurgaon (Independent)
| Locality Name | Buy Rates/ Price Range (Rs. per sq. ft.) | ||
| 2024 | 2023 | Avg. Y/Y growth rate | |
| DLF CITY PHASE 1 | Rs. 7,650 – 10,115/sq. ft. | Rs. 7,250 – 9815/sq. ft. | 1.47% |
| DLF CITY PHASE 2 | Rs. 7,778 – 9,818/sq. ft. | Rs. 7,778 – 9,318/sq. ft. | -1-2% |
| DLF CITY PHASE 3 | Rs. 6,800 – 8,372/sq. ft. | Rs. 6,800 – 8,372/sq. ft. | Constant |
| DLF CITY PHASE 5 | Rs. 9,350 – 11,688/sq. ft. | Rs. 8,450 – 10,800/sq. ft. | 10.86% |
| Sector-49 Gurgaon | Rs. 4,802 – 6,078/sq. ft. | Rs. 5,102 – 6,378/sq. ft. | -2.27% |
| Sector-15 Gurgaon | Rs. 5,185 – 6,672/sq. ft. | Rs. 5,185 – 6,672/sq. ft. | Constant |
| Sector-23 Gurgaon | Rs. 5,228 – 6,162/sq. ft. | Rs. 5,828 – 6,762/sq. ft. | -4.29% |
| Sector-82 Gurgaon | Rs. 4,250 – 5,058/sq. ft. | Rs. 4,750 – 5,558/sq. ft. | -3.54% |
| Sector-31 Gurgaon | Rs. 6,035 – 6,928/sq. ft. | Rs. 6,035 – 6,220/sq. ft. | 3-5% |
| Sector-47 Gurgaon | Rs. 5,865 – 7,608/sq. ft. | Rs. 5,865 – 7,308/sq. ft. | 1-3% |
| Sector-51 Gurgaon | Rs. 5,610 – 6,842/sq. ft. | Rs. 5,210 – 6,342/sq. ft. | 4-5% |
| Sector-54 Gurgaon | Rs. 6,630 – 8,798/sq. ft. | Rs. 6,050 – 8,200/sq. ft. | 7-8% |
| Sector-56 Gurgaon | Rs. 5,440 – 6,418/sq. ft. | Rs. 5,440 – 6,418/sq. ft. | Constant |
| Sector-57 Gurgaon | Rs. 5,100 – 6,248/sq. ft. | Rs. 5,100 – 6,248/sq. ft. | Constant |
| Sushant Lok | Rs. 6,630 – 8,415/sq. ft. | Rs. 6,430 – 8,115/sq. ft. | 2.33% |
Property Rents in Gurgaon
2 BHK Rent in Gurgaon
The average 2 BHK rent in Gurgaon is Rs. 22,800. Here we have tabulated the property rent in Gurgaon’s top 15 localities and the growth rate in the rent.
| Locality Name | Average Rental Rates of 2 BHK | ||
| 2024 (Rs) | 2023 (Rs) | Avg. Growth Rate Y/Y | |
| Sector 57 | 20,500 | 24,000 | 20% |
| Sector 49 | 22,500 | 20,000 | 8-10% |
| Sector 54 | 22,500 | 14,000 | – 20-30% |
| Sector 48 | 25,000 | 23,750 | 8-12% |
| Sector 46 | 19,500 | 21,727 | – 8-10% |
| PALAM VIHAR | 19,000 | 19,000 | Constant |
| Sector 47 | 23,000 | 21,600 | 8-10% |
| Sector 56 | 23,000 | 23,000 | Constant |
| Sector 51 | 20,500 | 22,700 | – 5-7 |
| Sector 52 | 21,500 | 21,000 | Constant |
| Sushant Lok | 30,000 | 23,000 | 25-35% |
| Sector 50 | 23,000 | 18,000 | 20% |
| Sector 86 | 11,500 | 14,500 | – 10-15% |
| Sector 15 | 22,000 | 20,500 | 8-14% |
| DLF Phase 4 | 20,500 | 20,000 | Constant |
3 BHK Rent in Gurgaon
The average 3 BHK rent in Gurgaon is Rs. 36,090. Here, we have tabulated the flat rent rates in Gurgaon’s top 15 localities and the growth rate in the rent.
| Locality Name | Average Rental Rates of 3 BHK | ||
| 2024 (Rs) | 2023 (Rs) | Avg. Growth Rate Y/Y | |
| Sector 57 | 34,500 | 34,750 | Constant |
| Sector 49 | 30,500 | 30,500 | Constant |
| Sector 54 | 40,500 | 42,000 | – 5-13% |
| Sector 48 | 60,000 | 58,000 | 2-5% |
| Sector 46 | 30,500 | 27,100 | 5-12% |
| PALAM VIHAR | 27,750 | 31,000 | – 5-13% |
| Sector 47 | 29,500 | 33,900 | – 8-15% |
| Sector 56 | 36,000 | 31,500 | 12-18% |
| Sector 51 | 34,500 | 37,250 | – 5-13% |
| Sector 52 | 34,850 | 26,600 | 20-28% |
| Sushant Lok | 60,500 | 60,000 | Constant |
| Sector 50 | 31,750 | 32,000 | Constant |
| Sector 86 | 22,500 | 26,000 | – 12-18% |
| Sector 15 | 22,000 | 25,200 | – 12-18% |
| DLF Phase 4 | 46,000 | 40,000 | 20-28% |
1 BHK Rent in Gurgaon
The average 1 BHK rent in Gurgaon is Rs. 14,257. Here we have tabulated the flat rent rates in Gurgaon’s top 15 localities and the growth rate in the rent.
| Locality Name | Average Rental Rates of 3 BHK | ||
| 2024 (Rs) | 2023 (Rs) | Avg. Growth Rate Y/Y | |
| Sector 57 | 12,500 | 12,500 | Constant |
| Sector 49 | 8,500 | 10,500 | – 20% |
| Sector 54 | 18,850 | 16,500 | 12-18% |
| Sector 48 | 20,000 | 14,850 | 20-28% |
| Sector 46 | 15,500 | 12,606 | 12-18% |
| PALAM VIHAR | 10,750 | 15,000 | – 25-35% |
| Sector 47 | 13,500 | 11,500 | 12-22% |
| Sector 56 | 16,000 | 22,000 | – 20-25% |
| Sector 51 | 13,500 | 12,400 | 5-10% |
| Sector 52 | 14,250 | 13,850 | 2-7% |
| Sushant Lok | 26,250 | 14,349 | 25-30% |
| Sector 50 | 11,750 | 13,000 | – 10-12% |
| Sector 86 | 8,500 | 6,740 | 12-22% |
| Sector 15 | 9,000 | 13,500 | – 20-25% |
| DLF Phase 4 | 15,000 | 14,850 | Constant |
1 RK Rent in Gurgaon
The 1 RK rent in Gurgaon is Rs. 11,750. Here, we have tabulated the flat rent rates in Gurgaon’s top 15 localities and the rent growth rate according to Gurgaon property trends.
| Locality Name | Average Rental Rates of 1rk | ||
| 2024 (Rs) | 2023 (Rs) | Avg Growth Rate Y/Y | |
| Sector 57 | 10,000 | 9,500 | Constant |
| Sector 49 | 8,000 | 9,500 | – 5-12% |
| Sector 54 | 14,500 | 13,500 | 5-8% |
| Sector 48 | 15,000 | 9,000 | 22-30% |
| Sector 46 | 13,500 | 11,000 | 15-25% |
| PALAM VIHAR | 10,000 | 12,000 | -15% |
| Sector 47 | 12,500 | 12,500 | Constant |
| Sector 56 | 13,000 | 15,000 | -10% |
| Sector 51 | 11,500 | 11,000 | Constant |
| Sector 52 | 14,000 | 13,000 | 3-7% |
| Sushant Lok | 16,250 | 14,000 | 10-15% |
| Sector 50 | 9,500 | 10,000 | Constant |
| Sector 86 | 7,500 | 6,500 | 13% |
| Sector 15 | 8,000 | 11,000 | – 14-20% |
| DLF Phase 4 | 13,000 | 12,000 | 2-8% |
Why Gurgaon has High Property Rates
Gurgaon, located in the National Capital Region (NCR) of India, has experienced a significant rise in property rates due to various factors that contribute to its status as a prominent real estate market. Here are some key reasons why Gurgaon has high property rates:
Corporate Hub: Gurgaon has evolved into a major corporate and industrial hub with numerous multinational companies, IT firms, and business parks. The influx of professionals and the demand for corporate housing have increased property prices.
Infrastructure Development: The city has witnessed extensive infrastructure development, including well-planned roads, metro connectivity, and modern amenities. Improved infrastructure enhances the city’s overall appeal and contributes to higher property values.
Proximity to Delhi: Gurgaon’s proximity to the national capital, Delhi, makes it an attractive residential and commercial destination. The city’s strategic location has increased demand for real estate, influencing property rates.
Luxurious Residential Projects: Gurgaon boasts a range of upscale residential projects with modern amenities and luxurious features. High-end developments cater to a niche market, contributing to increased property rates.
Commercial and Retail Developments: The city has vibrant commercial and retail spaces, including shopping malls and entertainment complexes. Such developments enhance the quality of life and attract residents, influencing property prices positively.
FAQs
1. Are property prices rising in Gurgaon?
According to year-to-year analysis, property prices in Greater Noida and Gurugram (Gurgaon) have grown substantially, positioning them at the forefront of national growth in the real estate sector.
2. Which sector is the cheapest in Gurgaon?
Sectors 43, 56, and 76, along with Palam Vihar Extension, stand out as some of the most budget-friendly localities in Gurgaon.
3. Is it worth buying a property in Gurgaon?
Engaging in property investment in Gurgaon, whether for residential or commercial purposes, provides a lucrative return on investment.
4. Is Gurgaon real estate a bubble?
The real estate market in Gurgaon is undeniably witnessing a surge, propelled by strong infrastructure development, economic expansion, and an increasing demand for high-quality housing.
5. Is it a good time to buy a house in Gurgaon?
Investing in a house in Gurgaon is a lucrative prospect, thanks to the state government’s current and upcoming development initiatives.
