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Gurugram Luxury Homes Surge Threefold!
23 Feb
Summary
- Luxury home sales in Gurugram nearly tripled to 1,494 units.
- Dwarka Expressway transaction value surged by 2,079% to ₹8,347 crore.
- Golf Course Extension Road prices rose significantly per square foot.
The luxury real estate market in Gurugram has witnessed a significant upswing. Sales of homes priced at ₹10 crore and above nearly tripled in the last calendar year, reaching 1,494 units compared to 519 units in the previous year.
This growth is particularly evident along the Dwarka Expressway, which saw its transaction value skyrocket by an astonishing 2,079%. This surge, from ₹383 crore to ₹8,347 crore, was fueled by the launch of substantial luxury projects and improvements in infrastructure.
Similarly, the Golf Course Extension Road (GCRE) experienced a remarkable 379% rise in transaction value. Weighted-average prices in this prime locality increased from ₹24,855 to ₹37,899 per square foot.
However, established high-end areas such as Golf Course Road faced challenges with slower sales. This is attributed to a constrained supply of new properties available in the market.
