The price of plots and flats increased by one and a half times in NCR city Gurugram, property rates increased the most in this area.

Gurgaon Property News: Residential property prices in Gurugram have increased by up to 50 percent. According to the report of Magicbricks, an increase of 25 percent has been seen in the prices of flat-plots and houses here as compared to last year. Dwarka Expressway has the highest demand. Let us know about it in detail.

Gurugram, the city of Delhi NCR, is at the forefront in terms of indiscriminate money and expensive property, but after Covid, it is once again emerging as the most demanded real estate hub. Whoever has a house in Gurugram is having fun. The value of houses worth lakhs has reached crores and this has happened in just a few months.

Recently, Magicbricks, which surveys prices in the real estate sector, has published a report. According to the report of the year 2023-24, Gurugram has become the favorite city of the people due to better roads, job centers, jobs of international companies. Due to the better social facilities present here, it has also become a better place for commercial and residential properties.

The report says that the prices of almost all the properties in Gurugram have increased compared to last year, while as far as the top is concerned, due to abundance of housing options, the prices of residential properties around Dwarka Expressway have increased by 25% compared to last year. percent and from before Covid to now, an increase of 50 percent has been seen year-on-year, which is a big difference.

.The report says that the construction work of Gurugram’s much awaited Dwarka Expressway is now in its final stage and it is to be inaugurated soon after the completion of the construction work. This expressway, which provides seamless connectivity from Delhi to Gurugram, is emerging as the most sought-after real estate hub in Gurugram. The reason for this is the increasing demand for houses near the expressway. Hundreds of real estate projects are waiting to start. Due to which the dream of millions of home buyers will be fulfilled.

Gurugram’s inclination towards aspirational living among home buyers is a testament to the growing preferences of home buyers, says Ravi Agarwal, co-founder and managing director, Signature Global (India) Ltd. on Magicbricks PropIndex Q2FY23-24. The city’s commitment to infrastructure development, particularly the Dwarka Expressway, Southern Peripheral Road, Sohna Elevated Road Enhancement and Delhi Mumbai Industrial Corridor has brought significant changes and positivity to the entire real estate market in the surrounding area. Preference for larger units with modern amenities is a distinctive feature of the Gurugram market.

They say that higher aspirations, especially within the expanding middle class, have led working-class individuals to actively seek value homes from reputable developers.