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Gurgaon Property Rates: Real Estate Prices & Trends

Gurgaon, a thriving urban center 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. For expert guidance on Gurgaon Property Rates, consider consulting a real estate consultant in Gurgaon to find the perfect property.

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

Average Rental Rates of 2 BHK 2023

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

Average Rental Rates of 3 BHK 2023

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)

Average Rental Rates of 1RK (2023)

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.


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