Boost to Infrastructure
Game-changing infrastructural developments like the Dwarka Expressway, the expansion of the Metro network, and the increasing connection between important districts are what are driving Gurgaon's explosive growth. Demand is being driven by these developments, especially for real estate close to the Dwarka Expressway, the Southern Peripheral Road (SPR), and developing areas like New Gurgaon.
Rising Real Estate Prices
- Premium Locations: Over the past five years, circle rates have increased by 350% in residential regions such as Wazirabad tehsil.
- Affordable Zones: Circle rates increased by 46% in areas like DLF Phase 1 and Sushant Lok 1, rising from ₹65,000 per square yard in 2018–19 to ₹95,000 in 2023–24.
- Semi-Premium Areas: Circle rates increased by 23% to ₹65,000 per square yard in 2023-24 for Sohna Road projects like Malibu Towne.
Excellent Performance in the Primary and Secondary Markets
- Primary Market:
- Dwarka Expressway saw a 34% year-over-year growth in under-construction property values.
- New Gurgaon led with a 53% increase.
- Secondary Market:
- According to a Savills survey, completed properties along the Dwarka Expressway experienced a 44% year-over-year increase.
- New Gurgaon saw a 39% year-over-year surge.
Demand for High-End and Opulent Living
Gurgaon is becoming associated with a high-end lifestyle. According to Sudeep Bhatt of Whiteland Corporation, the post-pandemic increase in lifestyle changes has resulted in a growing need for luxury properties. High-net-worth individuals looking for first-rate amenities and connectivity have made areas like Golf Course Road and Aralias their preferred gathering places.
Market Trends and Circle Rates
In important residential neighborhoods, circle rates—the government-established minimum property price used to calculate stamp duty—have increased by 40–80% this year. However, market rates are still higher than these indicators, indicating strong investor confidence and demand.
After a similar increase in 2022, the Haryana district administration increased circle prices by 30% in 2023. To help the industry, these rates had stayed locked throughout the pandemic. Experts see the hikes as long overdue, bringing government valuations into line with actual market conditions as the market is currently booming.
Why Gurgaon Is the Best Place to Buy Real Estate
It is no accident that Gurgaon has become a real estate powerhouse. The city provides unmatched potential for investors and end users due to its blooming infrastructure, growing interest from major firms, and strong investor trust.
New Gurgaon is rapidly becoming a popular option for people looking for the ideal balance of lifestyle and connection because of its close proximity to the Dwarka Expressway.
The Gurgaon real estate market is booming with possibilities, whether you're looking for ultra-luxury flats, semi-posh homes, or properties that are suitable for investment. By monitoring changes in circle rates, new hotspots, and infrastructural advancements, you can stay ahead of the curve.
