Gurugram’s real estate market in 2018

Gurugram’s real estate market in 2018: An analysis

Is it a good time to invest in Gurugram’s property market? We look at the demand-supply scenario in this region, to get some answers

The real estate market in Gurugram, in the Delhi-NCR, has witnessed significant changes over the past few years. With the prime areas reaching saturation, in terms of occupancy and prices, Gurugram may also see the emergence of newer areas.Gurugram’s property market is expected to head northwards in 2018, as the dust settles on new policies like the Real Estate (Regulation and Development) Act (RERA) and the Goods and Services Tax (GST).

Gurugram’s property micro-markets that are likely to witness maximum activity in 2018

Sohna: Popularly known as ‘south Gurugram’, Sohna has emerged as a favourable affordable destination in the city, due to its proximity to various business centres and industrial clusters. Backed by well-planned infrastructure, Sohna witnessed healthy real estate activity since January 2017, with a new supply of nearly 4,600 units. Nearly 50 per cent of this new supply catered to the affordable housing segment (less than Rs 40 lakhs), followed by an equal mix of the mid (Rs 40-80 lakhs) and luxury (Rs 80 lakhs-1.5 crores) segments. Moreover, nearly 2,350 units will be ready for possession within the next one to two years. The weighted average price of properties during the period is Rs 4,370 per sq ft.

Sector 65: Proximity to key office spaces, easy accessibility to HUDA City metro station and well-developed social infrastructure, make Sector 65 a lucrative realty hotspot in Gurugram in 2018. Located on Golf Course Extension Road, Sector 65 saw launches of nearly 1,600 units since January 2017, with properties priced between Rs 6,900-10,000 per sq ft. All projects are large-sized (having more than 500 units) and will take more than three years to complete.

Sector 68: Considered as a preferred locality for both, commercial and residential developments, Sector 68 continues to lure builders and buyers alike. Good social infrastructure and connectivity via the Golf Course Extension Road and NH-248A give it an added advantage. As per data, the locality saw launches of nearly 1,500 units since January 2017, with completion of the projects scheduled within two to three years. The affordability factor makes this micro-market score over others. The weighted average price here is Rs 4,090 per sq ft.

Sector 37 : Proximity to key office spaces, easy accessibility to HUDA City metro station and well-developed social infrastructure, make Sector 65 a lucrative realty hotspot in Gurugram in 2018. Located on Golf Course Extension Road, Sector 37 saw launches of nearly 1,600 units since January 2017, with properties priced between Rs 6,900-10,000 per sq ft. All projects are large-sized (having more than 500 units) and will take more than three years to complete.

Projects List:- 

IMPERIA AASHIYARA AFFORDABLE SECTOR 37C GURGAON

Sector 108 : Proximity to key office spaces, easy accessibility to HUDA City metro station and well-developed social infrastructure, make Sector 65 a lucrative realty hotspot in Gurugram in 2018. Located on Golf Course Extension Road, Sector 37 saw launches of nearly 1,600 units since January 2017, with properties priced between Rs 6,900-10,000 per sq ft. All projects are large-sized (having more than 500 units) and will take more than three years to complete.

Projects List:- 

Agrante Affordable Housing Sector 108 Gurgaon