Real Estate Trends & Property Rates in Gurgaon

Gurgaon is home to hundreds of startups and more than 250 Fortune 500 companies and the headquarters for many of India’s largest corporations. It accounts for more than 70% of the state’s total annual economic investments, assisting it in becoming a vital centre for northern India’s high-tech industry. 

With an HDI of 0.889, Gurgaon is classified as a very high-development city (2017). Despite the tremendous economic and demographic expansion, Gurgaon faces socio-economic challenges like severe income disparity and air pollution. All these facts contribute to the property rates in Gurgaon.
In this article, we will deep dive into the latest property rate trends prevalent in Gurugram.

In this article, we will deep dive into the latest property rate trends prevalent in Gurugram.

Property Rates in Gurgaon

Private firms construct the majority of the city’s infrastructure. Gurgaon’s neighbouring manufacturing and emerging real estate centres are New Gurgaon, Manesar, and Sohna. 

Sushant Lok, Sector 48, Sector 52, and DLF City are just a handful of the popular residential areas in Gurgaon. 

There are numerous new launch projects in Gurgaon and a lot of affordable flats. You can also purchase plots and properties here while land prices in Gurgaon are increasing.

Property Rental Options in Gurgaon

If you are looking at rental options across Gurgaon, keep these things in mind–
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1. Popular Configuration: Larger residences, such as 3BHK units, are preferred even for rent in Gurgaon, closely followed by 2BHK units.

2. Affordable Properties on Rent: There are about 200 properties priced under Rs 10,000 per month in areas like Sector 50, Sushant Lok, Sector 48, Sector 52, DLF City, and others. These are apartments, single-family residences, or villas located throughout Gurgaon. Those that are reasonably priced, on the other hand, maybe modest configurations.

3. Luxury Homes on Rent: If you’re seeking a luxurious home in Gurgaon, look no further than Sushant Lok, Sector 48, Sector 52, and DLF City, where you can find properties in Gurgaon property prices range of Rs 50,000 per month and above. These could be apartment units, villas, or single-family residences.

4. Furnished Homes on Rent: There are many fully furnished houses available for rent in Gurgaon. Monthly rent for such houses can range from Rs 5,000 to Rs 1.30 lakh depending on the size of the unit, exact location of the property, developer name, quality of building and furnishing, and fittings. Inquire about the security deposit for these Gurgaon rental homes. The complete list of completely equipped residences may be found here.

5. Villas on Rent in Gurgaon: If apartment units are not your preference, independent homes and villa developments for rent in Gurgaon are available. There are houses available for rent in the Rs 2,500 to Rs 1.50 lakh per month bracket.

6. Annual Yield: The annual rental yield in Gurgaon is 2.7%. If you rent out the property for a year, you could recoup 2.7 percent of the purchase price. 

This computation is based on the city’s average rates and is not set in stone. This calculation helps a potential landlord to calculate his annual rental yield.

Gurgaon Flat Rate / Gurgaon Apartment Cost

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 a tabulation of property rates in Gurgaon’s top 15 localities for 2020 and 2021 and the growth rate in the cost. The price is given as a per square feet rate in Gurgaon.
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Locality Name	Buy Rates/Price Range (Rs. per sq. ft.)
	2021	2020	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

The average land rates in Gurgaon per square feet are ₹4967/sq. Ft

Here is a tabulation of the land of the top 15 localities for 2020 and 2021 and the growth rate in area wise land rates in Gurgaon. The price is mentioned per land rate in Gurgaon per square yard.
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Locality Name	Buy Rates/Price Range (Rs. per sq. yd.)
	2021	2020	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

The average Price for independent house rates in Gurgaon is as follows:

Configuration	Cost in Rupees
1BHK	48 Lakhs
2BHK	89 Lakhs
3BHK	3.7 Crores
4BHK	5.2 Crores

House Rates in Gurgaon (Independent)

The average Price for independent house rates in Gurgaon is as follows:

• 1 BHK- Rs. 48 lakhs
• 2 BHK- Rs. 89 lakhs
• 3 BHK- Rs. 3.7 crores
• 4 BHK- Rs. 5.2 crores

Here is a tabulation of real estate prices in Gurgaon for the top 15 localities for 2020 and 2021 and the growth rate in the cost. The property prices in Gurgaon are given as per the current square feet rate in Gurgaon.
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Locality Name	Buy Rates/ Price Range (Rs. per sq. ft.)
	2021	2020	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

Now we will take a look at average flat rents in Gurgaon. We will discuss allkinds of apartments rent in Gurgaon including 2 BHK, 3 BHK, 1 BHK, and 1 RK.

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 for 2020 and 2021 and the growth rate in the rent.

Locality Name	Average Rental Rates of 2 BHK
	2021(Rs)	2020 (Rs)	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 for 2020 and 2021 and the growth rate in the rent.

Locality Name	Average Rental Rates of 3 BHK
	2021(Rs)	2020 (Rs)	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 for 2020 and 2021 and the growth rate in the rent.

Locality Name	Average Rental Rates of 3 BHK
	2021(Rs)	2020 (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 for 2020 and 2021 and the growth rate in the rent according to property trends in Gurgaon.

Locality Name	Average Rental Rates of 1rk
	2021(Rs)	2020 (Rs)	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

The Gurgaon real estate market can be shocking at times, with purchasers spending crores on homes under 2500 square feet and more than Rs. 30 lacs for a 1 bedroom. 

This is unquestionably a massive and enormous real estate micro-market due to its inherent immensity that even the most seasoned investors find challenging to manage.

Gurgaon’s residential property costs have increased recently and have gotten relatively expensive. From January to March 2020, prices in newer neighbourhoods along Golf Course Extension Road increased by an astounding 6.97 percent.

Some common reasons for the exuberant property rates in Gurgaon are–

1. Affluent Customer Base

A quarter of India’s billionaires dwell in Delhi-NCR, with Gurgaon acting as their primary or secondary abode. A lot of highly compensated MNC employees are also prepared to spend more for a luxury home in a gated neighbourhood. 

As a result, several renowned real estate developers are developing opulent residential structures with the most modern amenities, including DLF, Tata Housing, and Godrej Properties.

2. Rising Business Hub

Gurgaon has its own unique identity as a North Indian IT cluster due to the several MNCs that call this area home. Gurgaon is a centre for business growth in addition to being a great place to live. However, it is expensive to buy or rent a commercial property in this city. The cost of commercial real estate in Gurgaon is among the highest in India.

As per the current real estate trends in Gurgaon, property rates in Gurgaon have grown quite well in some areas while some recorded a decline. Gurgaon’s real estate has a lot to offer as one of the country’s most populous cities. If you are looking for rental houses, there is a wide range of possibilities available, from economical accommodation to luxury residences. 

3. Infrastructure Development

The rapid infrastructure development in Gurgaon is another factor that contributes to the high property rates. The city is well-connected to major highways, including the Delhi-Jaipur Expressway, Kundli-Manesar-Palwal Expressway, and Dwarka Expressway. The upcoming Delhi-Mumbai Industrial Corridor and the proposed high-speed railway network are expected to further enhance Gurgaon’s connectivity and make it a preferred destination for real estate investment.

4. Lifestyle Amenities

Gurgaon is known for its luxurious lifestyle amenities, which include high-end shopping malls, restaurants, and entertainment centres. The presence of such amenities adds to the quality of life in Gurgaon and makes it a sought-after location for homebuyers. Developers are also focusing on providing lifestyle amenities within their residential projects, such as swimming pools, clubhouses, and fitness centres, which further increase the property rates in the city.

5. Limited Land Availability 

Another reason for high property rates in Gurgaon is the limited availability of land for new developments. Gurgaon is a densely populated city, and there is very little vacant land left for new residential or commercial projects. 

This scarcity of land drives up the prices of existing properties, and developers need to pay a premium to acquire land for new projects, which ultimately affects the property rates. The limited land availability also leads to an increase in demand for properties, particularly in prime locations, which further contributes to the high property rates in the city.

Overall, Gurgaon’s high property rates are a reflection of its status as a prime real estate market in India, driven by the city’s affluent customer base, rising business hub, infrastructure development, and lifestyle amenities.

However, to get the best deals at Gurgaon real estate prices, you have to buy property in Gurgaon at the right price. If you need help in understanding which Gurugram property rates are favourable for you, you will surely find the right help at NoBroker. Please leave a comment below this article; our executive will be in touch with you soon. 

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