Gurugram Property Rates: Now you will have to sweat while buying property in Gurugram and Noida, rates have increased by this much
Gurugram Property Rates: In the last 3 years, real estate prices have increased in two cities adjacent to Delhi, Noida and Gurugram. Property prices have increased sharply in some areas of Noida, while rental income has increased by only 66 percent-
News, Digital Desk- (Gurugram Property Rates) Real estate prices have risen in the last 3 years in two cities adjacent to Delhi, Noida and Gurugram. In some areas of Noida, property prices have increased by up to 128%, while rental income has increased by only 66%. Since prices are already very high in Gurugram, property prices have increased less here.
Sector 150 of Noida has seen a 128 percent growth in the price of houses in the last 3 years. Whereas the rental value here has increased by only 66 percent. On the other hand, the price of houses on Sohna Road in Gurugram has increased by 59 percent during this period and the rental value in this area has also increased by 47 percent.
The report revealed-
According to a report by real estate advisory firm Anarock, house prices have increased more than rent in 7 major cities of India between 2021 and 2024. The firm's chairman Anuj Puri said that the average price of buying a house in Bengaluru, Mumbai, NCR and Hyderabad has increased faster than rent. On the other hand, the rent of houses in Pune, Kolkata and Chennai has increased faster than their purchase price.
What is the price of property now?
Property prices on Sohna Road in Gurugram have increased significantly. From the end of 2021 to the end of 2024, the average rate of houses has increased by 59% from Rs 6,600 to Rs 10,500 per sq ft. In the same period, the average rent of houses in this area has increased by 47% from Rs 25,000 to Rs 36,700 per month. This reflects the increasing demand for real estate in the area.
The average price of houses in Noida's Sector-150 was Rs 5,700 per square foot at the end of 2021, which has now more than doubled to Rs 13,000 per square foot. While the rent here has increased by 66 percent to Rs 26,600 per month instead of Rs 16,000.
Due to strong investor sentiment and the possibility of good returns in luxury properties, property prices are rising in Noida and Gurugram. Whiteland Corporation director Sudeep Bhatt says that people are investing in high-end properties, which is leading to an increase in the property value of these areas.