{"id":2169,"date":"2024-10-08T08:53:29","date_gmt":"2024-10-08T08:53:29","guid":{"rendered":"https:\/\/www.luxuryresidences.in\/blog\/?p=2169"},"modified":"2025-08-23T10:05:39","modified_gmt":"2025-08-23T10:05:39","slug":"gurugram-witnesses-a-surge-of-76-in-average-home-prices-in-the-last-2-years-report","status":"publish","type":"post","link":"https:\/\/www.luxuryresidences.in\/blog\/gurugram-witnesses-a-surge-of-76-in-average-home-prices-in-the-last-2-years-report","title":{"rendered":"Gurugram witnesses a Surge of 76% in Average Home Prices in the Last 2 years- Report."},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2169\" class=\"elementor elementor-2169\" data-elementor-settings=\"{&quot;ha_cmc_init_switcher&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-695c175e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"695c175e\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-70dac04b\" data-id=\"70dac04b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-906884c elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"906884c\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;exclude_headings_by_selector&quot;:[],&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;,&quot;h5&quot;,&quot;h6&quot;],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t<h2 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h2>\n\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\"><svg class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\"><svg class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/div>\n\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewBox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae9d77 elementor-widget elementor-widget-text-editor\" data-id=\"ae9d77\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Since Gurugram is turning into a real-estate hub, the demand for residential projects is on the rise. To further justify the claim, Magic Bricks reports that Gurugram has witnessed 76% surge in average home price in the last 2 years along with the sq.ft rate of Rs 14650 between July and Sept 2024.<\/span><\/p><p><span style=\"font-weight: 400;\">The report also stated that although residential demand grew by a mild 9.9% QoQ, prices had climbed significantly. Due to an infusion of new listings brought on by heightened market activity and the introduction of new projects, the supply surged by 18.3% QoQ.<\/span><\/p><p><span style=\"font-weight: 400;\">The survey also pointed out that despite modest growth in residential demand of 9.9% quarter over quarter, supply climbed by 18.3% during that same period due to an influx of new listings brought on by heightened market activity and the launch of new projects, prices have grown dramatically.<\/span><\/p><p><span style=\"font-weight: 400;\">The report mentions that &#8220;The completion of major infrastructure projects, especially the <a href=\"https:\/\/www.luxuryresidences.in\/dwarka-expressway\/luxury-projects-on-dwarka-expressway\">Dwarka Expressway<\/a>, continues to enhance Gurugram&#8217;s appeal, boosting demand in newer sectors with better connectivity to Delhi. As prices in core areas remain high, these emerging sectors are attracting attention, offering relatively more affordable options while maintaining proximity to key business hubs.&#8221;<\/span><\/p><p><span style=\"font-weight: 400;\">Additionally, due to rising demand, ready-to-move-in flat prices have climbed by 12.9% over the last quarter to reach Rs 13,729 per square foot, while under-construction flat prices have surged by 17.3% over the same period to reach Rs 16,180 per square foot.<\/span><\/p><p><span style=\"font-weight: 400;\">The survey indicated that 3 BHK flats dominate with 66% of demand based on client searches. The average cost of a 3BHK flat has risen by 21.6% in just one quarter to Rs 14600 per square foot.<\/span><\/p><p><span style=\"font-weight: 400;\">The report mentions that Dwarka Expressway, <a href=\"https:\/\/www.luxuryresidences.in\/golf-course-extension-road\/luxury-houses-on-golf-course-extension-road\">Golf Course Extension<\/a>, and New Gurgaon are gaining major search among homeowners. The average sq. ft rate of homes in Dwarka Expressway is Rs 14,800, Rs 12,600 per square foot in New Gurgaon and Rs 17,000 per square foot in Golf Course Extension.<\/span><\/p><h2>Least Affordable Cities as Average Price Home<\/h2><p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-2172\" src=\"https:\/\/www.luxuryresidences.in\/blog\/wp-content\/uploads\/2024\/10\/gurugram-witnesses-news-300x169.jpg\" alt=\"\" width=\"1090\" height=\"614\" srcset=\"https:\/\/www.luxuryresidences.in\/blog\/wp-content\/uploads\/2024\/10\/gurugram-witnesses-news-300x169.jpg 300w, https:\/\/www.luxuryresidences.in\/blog\/wp-content\/uploads\/2024\/10\/gurugram-witnesses-news-768x432.jpg 768w, https:\/\/www.luxuryresidences.in\/blog\/wp-content\/uploads\/2024\/10\/gurugram-witnesses-news.jpg 826w\" sizes=\"(max-width: 1090px) 100vw, 1090px\" \/><\/p><p><span style=\"font-weight: 400;\">Magic Bricks in its another report named, &#8216;Housing Affordability in Major Indian Cities&#8217;, mentions, Delhi and the <a href=\"https:\/\/www.luxuryresidences.in\/blog\/mumbai-metro-route-map-and-station-list\">Mumbai Metropolitan<\/a> Area are the most expensive places to invest. The compound annual growth rate (CAGR) of household income in the top 10 cities in the nation was 5.4% between 2020 and 2024; nevertheless, during this same period, property prices soared by 9.3% (CAGR), which had an impact on people&#8217;s purchasing power.<\/span><\/p><p><span style=\"font-weight: 400;\">Similarly, India&#8217;s EMI-to-monthly income ratio jumped from 46% in 2020 to 61% in 2024, a reflection of the rising cost of homeownership and worries about the state of the nation&#8217;s economy generally and in major cities in particular.<\/span><\/p><table style=\"height: 253px;\" width=\"711\"><tbody><tr><td colspan=\"3\"><p style=\"text-align: center;\">Investment Projects in Gurgaon<\/p><\/td><\/tr><tr><td><a href=\"https:\/\/www.luxuryresidences.in\/sobha-aranya-sector-80-gurgaon\/\"><span style=\"font-weight: 400;\">Sobha Aranya<\/span><\/a><\/td><td><a href=\"https:\/\/www.luxuryresidences.in\/dlf-camellias-sector-42-gurgaon\/\"><span style=\"font-weight: 400;\">DLF Camellias<\/span><\/a><\/td><td><a href=\"https:\/\/www.luxuryresidences.in\/dlf-the-crest-dlf-phase-5-gurgaon\/\"><span style=\"font-weight: 400;\">DLF Crest<\/span><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.luxuryresidences.in\/dlf-magnolias-sector-42-gurgaon\/\"><span style=\"font-weight: 400;\">DLF Magnolias<\/span><\/a><\/td><td><a href=\"https:\/\/www.luxuryresidences.in\/dlf-the-arbour-sector-63-gurgaon\/\"><span style=\"font-weight: 400;\">DLF Arbour<\/span><\/a><\/td><td><a href=\"https:\/\/www.luxuryresidences.in\/adani-lushlands-sector-2-gwal-pahari-gurgaon\/\"><span style=\"font-weight: 400;\">Adani Lushlands<\/span><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.luxuryresidences.in\/birla-navya-sector-63a-gurgaon\/\"><span style=\"font-weight: 400;\">Birla Navya<\/span><\/a><\/td><td><a href=\"https:\/\/www.luxuryresidences.in\/sobha-aranya-sector-80-gurgaon\/\"><span style=\"font-weight: 400;\">Sobha Aranya<\/span><\/a><\/td><td><a href=\"https:\/\/www.luxuryresidences.in\/sobha-altus-sector-106-gurgaon\/\"><span style=\"font-weight: 400;\">Sobha Altus<\/span><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.luxuryresidences.in\/sobha-international-city-sector-108-gurgaon\/\"><span style=\"font-weight: 400;\">Sobha International City<\/span><\/a><\/td><td><a href=\"https:\/\/www.luxuryresidences.in\/trump-towers-sector-65-gurgaon\/\"><span style=\"font-weight: 400;\">Trump Tower Gurgaon<\/span><\/a><\/td><td><a href=\"https:\/\/www.luxuryresidences.in\/paras-quartier-gwal-pahari\/\"><span style=\"font-weight: 400;\">Paras Quartier<\/span><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.luxuryresidences.in\/paras-manor-sector-2-gwal-pahari-gurgaon\/\"><span style=\"font-weight: 400;\">Paras Manor<\/span><\/a><\/td><td><a href=\"https:\/\/www.luxuryresidences.in\/pioneer-araya-sector-62-gurgaon\/\"><span style=\"font-weight: 400;\">Pioneer Araya<\/span><\/a><\/td><td><a href=\"https:\/\/www.luxuryresidences.in\/emaar-digihomes-sector-62-gurgaon\/\"><span style=\"font-weight: 400;\">Emaar Digihomes<\/span><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.luxuryresidences.in\/puri-aravallis-sector-61-gurgaon\/\"><span style=\"font-weight: 400;\">Puri Aravallis<\/span><\/a><\/td><td><a href=\"https:\/\/www.luxuryresidences.in\/suncity-platinum-tower-mg-road-gurgaon\/\"><span style=\"font-weight: 400;\">Suncity Platinum Towers<\/span><\/a><\/td><td>\u00a0<\/td><\/tr><\/tbody><\/table><hr \/><p><span style=\"font-weight: 400;\">Stay updated with the latest <\/span><a href=\"https:\/\/www.luxuryresidences.in\/sitemap\"><b>Developments in Real Estate<\/b><\/a><span style=\"font-weight: 400;\"> across top cities &#8211;\u00a0 <\/span><a href=\"https:\/\/www.luxuryresidences.in\/site-map\/mumbai\"><b>Mumbai<\/b><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.luxuryresidences.in\/site-map\/gurgaon\"><b>Gurgaon<\/b><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.luxuryresidences.in\/site-map\/pune\"><b>Pune<\/b><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.luxuryresidences.in\/site-map\/bangalore\"><b>Bangalore<\/b><\/a><span style=\"font-weight: 400;\">, <\/span><b>Thane<\/b><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.luxuryresidences.in\/hyderabad-projects\"><b>Hyderabad<\/b><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.luxuryresidences.in\/site-map\/delhi\"><b>Delhi<\/b><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.luxuryresidences.in\/site-map\/himachal-pradesh\"><b>Himachal Pradesh<\/b><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.luxuryresidences.in\/site-map\/goa\"><b>Goa<\/b><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.luxuryresidences.in\/site-map\/noida\"><b>Noida<\/b><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.luxuryresidences.in\/site-map\/panchkula\"><b>Panchkula<\/b><\/a><span style=\"font-weight: 400;\">, and <\/span><a href=\"https:\/\/www.luxuryresidences.in\/dubai-projects\"><b>Dubai<\/b><\/a><span style=\"font-weight: 400;\"> to make informed investment or home-buying decisions.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Table of Contents Since Gurugram is turning into a real-estate hub, the demand for residential projects is on the rise. To further justify the claim, &#8230;<\/p>\n","protected":false},"author":4,"featured_media":2174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[195],"tags":[],"class_list":["post-2169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.luxuryresidences.in\/blog\/wp-json\/wp\/v2\/posts\/2169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.luxuryresidences.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.luxuryresidences.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.luxuryresidences.in\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.luxuryresidences.in\/blog\/wp-json\/wp\/v2\/comments?post=2169"}],"version-history":[{"count":15,"href":"https:\/\/www.luxuryresidences.in\/blog\/wp-json\/wp\/v2\/posts\/2169\/revisions"}],"predecessor-version":[{"id":4261,"href":"https:\/\/www.luxuryresidences.in\/blog\/wp-json\/wp\/v2\/posts\/2169\/revisions\/4261"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.luxuryresidences.in\/blog\/wp-json\/wp\/v2\/media\/2174"}],"wp:attachment":[{"href":"https:\/\/www.luxuryresidences.in\/blog\/wp-json\/wp\/v2\/media?parent=2169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.luxuryresidences.in\/blog\/wp-json\/wp\/v2\/categories?post=2169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.luxuryresidences.in\/blog\/wp-json\/wp\/v2\/tags?post=2169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}