Delhi NCR Insite Report Jul-Sep 2015

By
2948

  • Share on
Delhi Insite Report_City Highlights_Jul-Sep 2015

City Highlights

Confronted with an elephantine bulk of unsold inventory, the residential real estate segment of the National Capital Region (NCR) continued to be in a state of inertia in Jul-Sep 2015. The slew of infrastructure developments and government reforms failed to bolster spirits, thus, leading to an increased probability of price slump in the forthcoming quarters.

  • Significant price movements in Delhi NCR_Jul-Sep 2015Over 170,000 units in Delhi NCR remained unsold. Noida witnessed the maximum pile-up of 100,000 flats, while Gurgaon saw 26,000 units remaining in the developers’ kitty.
  • New launches declined by 30-35 per cent as developers continued to face financial crunch.
  • The market liquidity in Delhi’s L, P1 and P2 zones evaporated along with an increasing trust deficit between investors and the Delhi Development Authority (DDA).
  • The Reserve Bank of India’s (RBI) repo rate cut in June this year brought cheer to the industry; however, it did not translate into public benefit.
  • The Yamuna Expressway Industrial Development Authority (YEIDA) launched a new scheme in September 2015 for constructing integrated residential and commercial projects.
  • The government’s decision to condense the Lutyens’ Bungalow Zone (LBZ) cheered urban experts as it is expected to meet the growing demand for residential space in Delhi.
  • The Haryana government announced its plan to develop Gurgaon as a smart city without seeking monetary assistance from the Centre. The state will spend Rs 500 crore in the forthcoming five years, while seeking technical help from the Union Ministry of Urban Development.
  • Rupee devaluation and numerous freebies by developers attracted investment from Non-Resident Indians (NRIs), especially in the luxury and ultra-luxury segments.
  • Despite office space absorption rising by 60 per cent in Gurgaon, desultory urban growth curbed sentiments. 

 Key influencers in Delhi NCR_Jul-Sep 2015

 

North, South, East, West and Dwarka

Capital Analysis

  • Top performers in Delhi_Capital Values_Jul-Sep 2015The East-West zones of Delhi notched a two per cent growth in Jul-Sep 2015 as against the previous quarter, owing to the influx of immigrants from Uttar Pradesh and Haryana and the presence of low income group (LIG) and middle income group (MIG) housing options. 
  • The announcement of 8,000 affordable flats to be developed starting 2016 gave a fillip to East Delhi’s market. These flats will be built on the guidelines of transit-oriented development, featuring waste-recycling facility, thus rendering the region ‘smart’. 
  • Meanwhile, the South, North and Dwarka regions witnessed capital values slipping by a per cent each in the current quarter. Dwarka, in particular, faces stiff competition from Noida and Gurgaon as both the cities boast of reasonably-priced properties. 
  • Chattarpur in South Delhi recorded increased housing demand which led to a nine per cent capital growth in this quarter. Being an unauthorised locality, the property prices are comparatively low, thus attracting low and middle income home buyers. Kalkaji, too, owes its price appreciation to the presence of MIG housing and increase in ‘ask’ prices by sellers. 
  • A prime factor that adversely impacted Delhi’s realty landscape is the spike in circle rates, which translated into a 20 per cent rise in property prices. While this move was hailed as a price corrective measure, it alienated potential buyers who could find an apartment with similar amenities in Noida and Gurgaon. 

 

Rental Analysis

  • Top performers in Delhi_Rental Values_Jul-Sep 2015The rental market in Dwarka remained subdued in Jul-Sep 2015, as compared to Jan-Mar 2015. Apart from West Delhi, where values climbed up by seven per cent in the first nine months of the year, the localities of the East, North, South and Dwarka saw a down drift. 
  • The proposal to construct new roads and to strengthen the existing infrastructure of the region buoyed rental sentiments in West Delhi. The frontrunner in this zone was Patel Nagar, where rates surged up by 14 per cent. 
  • The Delhi government’s decision to redesign 10 roads, measuring 60 ft in width, benefitted Patel Nagar. The stretch between Shiv Das Puri Marg and Patel Nagar is set to be overhauled and get a high-frequency bus service. The roadway will have a dedicated bus lane, equipped with CCTV cameras. 
  • Rental values in Vikaspuri surged up by six per cent from January to September 2015. The 23.6 km Vikaspuri- Wazirabad elevated road is slated to be inaugurated in December 2015. This project will decongest the Outer Ring Road, while facilitating signal-free commutation. 
  • Dwarka Sectors 9, 12 and 18A grossed eight per cent growth each in rental values since March 2015. Despite an uptrend in these three pockets, rental values in the remaining sectors of Dwarka have either dipped or remained stagnant. 
  • Patparganj grossed a rise in rental values to the tune of five per cent due to demolition of slum colonies to make way for widening of NH-24 into 14 lanes. 

 

 

Noida and Greater Noida

Capital Analysis

  • Top performers in Noida_Greater Noida_Capital Values_Jul-Sep 2015While both the cities boasted of a flourishing commercial market, the housing segment reflects Delhi’s stasis. However, certain pockets witnessed growth as a result of rise in ask rates, rather than actual market movement. 
  • The declaration of 100m as eco-sensitive zone around the Okhla Bird Sanctuary was a harbinger of good news for 7,000 homebuyers. Consequently, the Noida Authority handed completion certificates to 10 projects. 
  • Noida magnetised property seekers owing to the UP government’s decision to keep circle rates unchanged. 
  • Sanctioning of two metro corridors to make Noida Extension more accessible was welcomed by one and all. The plan to connect Greater Noida with the Indira Gandhi International (IGI) airport via metro is underway. 
  • The assortment of infrastructure proposals include a plan to develop two bridges on the river Yamuna, easing traffic flow between Noida and Faridabad. The Noida Authority has also embarked on building roads along the expressway and in Sectors 75-79, 112-119 and 150, which feature a plethora of completed projects. 
  • Another ambitious infrastructure plan – the Rs 4,000 crore ‘Metrino’ project – is at a nascent state of planning. The project involves creation of driverless pods suspended on a ropeway facilitating public transport. 
  • In a bid to control unlawful practices, the respective city authorities launched panels headed by engineers to curb ground water extraction by builders. Furthermore, the Noida Authority has constituted a committee of retired IIT professors to monitor constructions. 

Rental Analysis

  • Top performers in Noida_Greater Noida_Rental Values_Jul-Sep 2015The rental yields in Noida and Greater Noida declined marginally in Jul-Sep 2015 vis-à-vis Jan-Mar 2015. While rates in Noida remained static, rental values in Greater Noida fell by three per cent during the span. 
  • Sectors 105, 107 and Jaypee Wish Town along Noida Expressway, which featured a large number of ready-to-occupy properties, saw rental values stagnating or dipping minimally. 
  • Although certain micro-markets of the zones were upbeat, the overall sentiment remained oppressed. While Delhi is feeling the pinch of people preferring accommodation in proximity to their offices located mostly in Noida and Gurgaon, these two sub-cities are grappling with huge oversupply of housing units. 
  • Values in NRI City in Greater Noida soared by 13 per cent in the last six months owing to its strategic location near Pari Chowk. 
  • Sectors 47 and 78 in Noida, where a number of projects were given possession in the last one year, clocked a rise of nine per cent each. Growth in these micro-markets can be attributed to their comparative affordability and excellent connectivity with the rest of the city. A 2BHK here can be rented for around Rs 17,000 per month. 
  • The Draft Model Tenancy Act 2015 is expected to breathe some life into the rental market of the country. Once implemented, this act will enable landlords to charge rents in accordance to market rates, at the same time safeguarding tenants from arbitrary rental hikes or eviction notices. 

 

Ghaziabad

Capital Analysis

  • Top performers in Ghaziabad_Capital Values_Jul-Sep 2015Despite not scoring well on the property price trend graph, Ghaziabad added two feathers to its cap. It became a part of the Centre’s coveted smart city list, and was declared as the cleanest city in the NCR in the Swachh Bharat Rankings. 
  • NH-24, Sectors 1 and 9 in Vaishali, and Raj Nagar Extension were the highest gainers in the zone, each clocking a growth of five per cent in Jul-Sep 2015, as compared to the preceding quarter. 
  • While the overall realty sentiments flagged in Jul-Sep 2015 after a rise of two per cent in Apr-Jun 2015, certain pockets of the city recorded a surge in capital values due to the presence of LIG and MIG housing. 
  • Ahinsa Khand in Indirapuram garnered substantial interest from end-users. Capital values rose by three per cent in the quarter ending September vis-à-vis Apr-Jun 2015. The locality gained from repair work on pothole-ridden roads. 
  • Construction of the second phase of the metro gained momentum as the Ghaziabad Development Authority (GDA) reviewed the progress report of the ambitious Dilshad Garden and New Bus Stand corridor. Recently, Rs 400 crore were allotted to the project. 
  • In addition, the Authority assigned Rs 50 crore for buttressing the stretch between GT Road and Raj Nagar Extension on NH-58 bypass. 
  • With the aim of decongesting a critical 22-km stretch on NH-24, the National Highways Authority of India (NHAI) plans to widen the route from Nizamuddin Bridge to Dasna. 

 

Rental Analysis

  • Top performers in Ghaziabad_Rental Values_Jul-Sep 2015Top performers in Ghaziabad_Rental Values_Jul-Sep 2015Ghaziabad’s rental landscape performed deplorably, with values sliding by an average of four per cent in Jul-Sep 2015, as compared to Jan-Mar 2015. Rental values in all the localities in the region either plateaued or dipped. 
  • While infrastructural improvements are expected to boost real estate investments in Ghaziabad, lack of civic amenities is depriving the rental market of growth. 
  • Rental values in Raj Nagar Extension depreciated by 13 per cent during this period. This can be attributed to the road construction work on NH-58 near Raj Nagar Extension, which inconveniences commuters and residents alike. 
  • Heaps of solid waste stashed on unoccupied land in Sector 16 and a makeshift dumping yard in Sector 7 of Vasundhara have become a huge impediment to the micro-market’s growth. Rental values in the area declined by eight per cent in the quarter ending September 2015. 
  • The static or downtrodden markets of Raj Nagar Extension, Indirapuram and Crossings Republik are struggling with excess inventory. For instance, in one of the projects in Indirapuram, 700-800 units were given possession at around the same time. This led to an increase in demand for new flats in the area, translating into a loss for the older units. 
  • While Vaishali’s capital market grew substantially in Jul-Sep 2015, the locality’s rental growth stagnated. Certain pockets such as Sector 4 showed negative price movement to the tune of seven per cent. Frequent power cuts, coupled with inflated energy bills lowered Vaishali’s appeal as a rental zone despite connectivity via metro rail. 
  • Rental demand is high in projects which boast of luxury amenities such as a clubhouse, tennis court or a pool. Demand for mid-segment homes has plateaued in Ghaziabad. 

 

Gurgaon, Faridabad, Dharuhera and Bhiwadi

Capital Analysis

  • Top performers in Gurgaon, Faridabad, Bhiwadi, Dharuhera_Capital Values_Jul-Sep 2015Although stagnant from a zonal perspective, capital values in Faridabad climbed up by two per cent, while those in Dharuhera rose insignificantly this quarter. 
  • Faridabad’s realty market received huge impetus from the 13.87 km Badarpur Metro corridor, connecting Delhi with Escorts Mujesar. While the metro line boosted buyer sentiments, Faridabad topped the list of smart cities in the NCR with 95 points, enthralling the developer fraternity. 
  • The highest gainer in Faridabad was BPTP, where property prices soared by 13 per cent in Jul-Sep 2015. Catering to varied affluence levels, this locality features properties starting from Rs 30 lakh to Rs 1 crore. 
  • BPTP was followed by Suraj Kund and Sector 87, which witnessed eight per cent and seven per cent capital growth, respectively. Home buyers who could not afford a property in South Delhi, gravitated towards a comparatively inexpensive yet qualitatively sound property market of Suraj Kund. 
  • Gurgaon’s real estate landscape was quite dismal. While office space absorption surged by 60 per cent, unsold residential inventory rose to 26,000 units. The Millennium City’s property market was fraught with desultory urban growth, illegal land deals, unnavigable roads and stagnant infrastructure development. 
  • While Sectors 78-86 in Gurgaon are being investigated for dubious issuance of licenses for construction of housing colonies, Sectors 69 and 70 were plagued by inadequate drainage and sewerage facility, insufficient electricity and water supply. 

 

Rental Analysis

  • Top performers in Gurgaon, Faridabad, Bhiwadi, Dharuhera_Rental Values_Jul-Sep 2015Neither the upcoming offices in Gurgaon nor the metro expansion in Faridabad could prevent rental values from skidding by one per cent in both the cities. However, prices in Alwar Bypass Road in Bhiwadi stagnated in Jul-Sep 2015, as compared to Jan-Mar 2015. 
  • Sector 25, which is Phase III of DLF City, outperformed all other localities in Gurgaon, recording a rise of 10 per cent during the span. The rental market is geared by the four lakh workforce working in Cyber City. 
  • Sector 42 and Sohna Road in the Millennium City witnessed values rising to the tune of eight per cent and seven per cent, respectively. The spike in rates is a result of the presence of premium societies in proximity. 
  • Out of the total inventory on rent in Gurgaon, almost 70 per cent of the properties were residential apartments. Builder floors bagged an exact quarter of the total market share, while independent houses/ villas occupied a marginal six per cent. 
  • Catalysed by its affordability quotient, Suraj Kund’s rental market witnessed a rise of eight per cent. A new 2BHK apartment here can be availed at Rs 15,000-18,000 per month, as opposed to Charmwood Village where the same will be priced at Rs 20,000-25,000 per month. 
  • The rental market of Faridabad is plagued by lack of basic civic amenities such as adequate sewer disposal system, potable water and metalled roads. To this end, although the capital market thrived owing to infrastructural development, the rental landscape slumped. 

 

Supply Analysis

Freebies and discounts failed to rejuvenate the sagging spirits of buyers and investors, who await further decline in property prices. New launches have dipped by 30-35 per cent, as financially-strained developers focussed on completing projects. Almost 60 per cent of the unsold units were situated in uninhabitable locales of the NCR.

Availability of Different Property

  • Delhi Supply by property type_Jul-Sep 2015Stagnancy in the property market of Delhi NCR is further accentuated by the unchanged supply of property types from Apr-Jun 2015 to Jul-Sep 2015. 
  • Gurgaon, Faridabad, Dharuhera and Bhiwadi together witnessed the largest supply of properties, capturing over 30 per cent of the total market share. 
  • This zone was followed by Noida and Greater Noida, with close to 30 per cent share. The remaining residential inventory (40 per cent) was largely present in the Delhi and Ghaziabad regions. 
  • An apartment-lifestyle seemed most popular in the Noida-Greater Noida zone, which also witnessed the highest concentration of independent houses and villas, the latter bagging 45 per cent of the market. 
  • Meanwhile, out of the total number of builder floors in the NCR, almost 50 per cent were located in Delhi region, and less than five per cent in Noida-Greater Noida. 
  • Ghaziabad saw the least agglomeration of independent houses and villas. 

Availability of Property by Budgets

  • Delhi Supply by budget_Jul-Sep 2015Depreciation of Rupee and the discounts offered by developers in an endeavour to offload inventory have magnetised a number of NRIs into the Indian real estate market. 
  • The presence of NRIs resulted in an increased demand for ultra-luxury housing (Rs 2-5 crore) in Jul-Sep 2015, as compared to the previous quarter. 
  • Despite increased interest of HNIs for premium housing, properties falling within the affordable housing segment of Rs 40 lakh continued to witness the highest supply in the current quarter as well (over 25 per cent). This can be attributed to the government’s initiative to develop affordable houses in Delhi. 
  • Maximum demand for budget housing was seen in Ghaziabad, followed by Noida and Greater Noida. 
  • The capital city, which commanded the interest of those looking for a status quo address, witnessed maximum supply in the luxury-housing bracket of Rs 1-2 crore and ultra-luxury range of Rs 2-5 crore. 
  • In Noida and Greater Noida, supply of affordable housing was followed by the high-income segment of Rs 60 lakh - Rs 1 crore. Ultra-luxury properties saw the least takers in this region. 
  • Delhi Supply by configuration_Jul-Sep 2015Ghaziabad, which more or less reflected the same sentiments as Noida and Greater Noida, differed in terms of seeing the second highest supply in the mid-income housing category of Rs 40-60 lakh. 
  • Almost half of the real estate projects fell in the affordable range of Rs 40 lakh in Ghaziabad. The ultra-luxury segment hardly garnered any traction, while the luxury-housing category saw nine per cent supply. 
  • Gurgaon witnessed the highest supply in the high-income (Rs 60 lakh – Rs 1 crore) and luxury-housing (Rs 1-2 crore) brackets, cumulatively capturing nearly 60 per cent of the total market share. 

BHK-wise Distribution of Property

  • Properties configured as 3BHK continued to be the most supplied in the NCR. Considering the popularity of luxury housing in Gurgaon, it was not surprising to see the Millennium City taking the lead with more than half the total units in this category. There was negligible supply of 1BHK units in the zone. 
  • Delhi followed Gurgaon’s trend, witnessing maximum supply of 3BHK units among all the configurations. Demand for 3BHK units was followed by 2BHK units, which captured almost a third of the total supply. 
  • In Ghaziabad, however, supply of 2BHK units was the highest, encompassing nearly 50 per cent of the market. Properties configured as 1BHK, too, witnessed considerable traction, unlike Delhi and Gurgaon. The 4BHK category bagged a mere five per cent of the market share in this region. 
  • In Noida and Greater Noida, 2BHK and 3BHK units commanded an almost equal share of the market, leaving only 15 per cent of the realty landscape to houses configured as 1BHK and 4BHK. Demand for 1BHK was the least in the twin cities. 

Ready to move vs Under-construction

  • Delhi Supply by status of construction_Jul-Sep 2015The steep dip in new residential launches became evident in the number of ready-to-move properties rising by four per cent from Apr-Jun 2015 to Jul-Sep 2015. 
  • Developers preferred to either complete the residential projects under construction, or focus on commercial setups, as office space absorption is expected to rise by 15 per cent by 2015-end, stated an industry report. 
  • However, amongst the four zones, Noida and Greater Noida captured approximately 50 per cent of the market of under-construction properties, indicating some new launches. 
  • The demarcation of a 100m no-construction zone around the Okhla Bird Sanctuary and the expansion of the metro corridor gave a fresh lease of life to the real estate story of Noida and Greater Noida. 
  • The Gurgaon-Faridabad zone witnessed the highest number of ready-to-move units. Demand for properties in Gurgaon is limited to ready-to-move supply and only those fresh launches that offer protracted payment schemes. 

ANNEXURES

CAPITAL VALUES- Delhi

Locality

Jul-Sep 2015

% Change

RENTAL VALUES- Delhi

Locality

Jul-Sep 2015

% Change

 

Akshardham

21700

-1

 

Akshardham

24

0

Dilshad Garden

6700

-1

C R Park

24

-4

Greater Kailash I

17950

-10

Chattarpur

16

-6

Greater Kailash II

27000

5

Defence Colony

55

4

IP Extension

11950

7

Greater Kailash II

29

4

Kalkaji

14000

8

Green Park

30

3

L Zone

3850

4

Hauz Khas

26

4

Mayur Vihar-I

13350

2

IP Extension

19

-5

Mehrauli

4700

6

Lajpat Nagar

28

-3

Moti Nagar

13450

3

Malviya Nagar

24

-4

Paschim Vihar

10300

3

Mayur Vihar-I

24

-4

Patparganj

12100

-3

New Friends Colony

25

4

Rohini

11000

-7

Panchsheel Enclave

33

3

Safdarjung Enclave

22500

-3

Patparganj

20

5

Sarita Vihar

10800

-2

Rohini

18

5

Sector-12 Dwarka

9200

-1

Safdarjung

31

3

Sector-13 Rohini

12550

-3

Sector-12 Dwarka

14

8

Sector-14 Rohini

14300

6

Sector-18A Dwarka

13

8

Sector-17 Dwarka

8300

-1

Sector-9 Dwarka

14

8

Sector-2 Dwarka

9600

-1

Sector-9 Rohini

20

-5

Sector-28 Rohini

6100

-5

Sheikh Sarai

28

0

Vasant Kunj

15050

2

Vasant Kunj

26

-7

Vasundhra Enclave

10900

4

Vasant Vihar

36

-3

CAPITAL VALUES- NOIDA, GREATER NOIDA

Locality

Jul-Sep 2015

% Change

RENTAL VALUES- NOIDA, GREATER NOIDA

Locality

Jul-Sep 2015

% Change

 

Chi - Phi

4400

5

 

Sector Pi- II Gr Noida

8

-11

Greater Noida West

3800

0

Sector ZETA Gr Noida

8

-11

Jaypee Greens

8100

-6

Sector-128 Noida

15

7

Knowledge Park V

3200

5

Sector-137 Noida

12

0

Noida-Greater Noida Expressway

5550

1

Sector-21 Noida

17

6

Pari Chowk

4800

3

Sector-25 Noida

17

6

Sector Omega -1 Gr Noida

3800

-3

Sector-47 Noida

13

8

Sector Omicron Gr Noida

3300

-3

Sector-52 Noida

17

-6

Sector Pi- 1 Gr Noida

4400

-7

Sector-62 Noida

15

-6

Sector Pi- II Gr Noida

3850

4

 

 

 

Sector ZETA

Gr Noida

3550

-4

CAPITAL VALUES- GHAZIABAD

Locality

Jul-Sep 2015

% Change

Sector-117 Noida

4600

-2

 

Ahinsa Khand

6200

3

Sector-118 Noida

5200

5

Ahinsa Khand 1

6550

-4

Sector-119 Noida

5500

3

Ahinsa Khand 2

5750

3

Sector-150 Noida

5100

2

Crossing Republik

3900

-4

Sector-75 Noida

5300

6

Indirapuram

6150

3

Sector-76 Noida

5600

1

Kaushambi

5250

-9

Sector-77 Noida

6350

2

NH-24

3000

5

Sector-78 Noida

6250

-1

Raj Nagar Extension

3400

5

Sector-79 Noida

5000

3

Sahibabad

4200

-6

Yamuna Expressway

3750

25

Sector-3 Vaishali

6150

-6

 

 

 

Sector-3 Vasundhara

5750

0

RENTAL VALUES- NOIDA, GREATER NOIDA

Locality

Jul-Sep 2015

% Change

Sector-5 Vaishali

6400

2

 

Greater Noida West

9

0

Sector-9 Vaishali

7200

5

Noida-Greater Noi­da Expressway

15

0

Shalimar garden

3900

-6

NRI City

9

13

Siddhartha Vihar

4150

-7

Pari Chowk

9

0

Vaibhav Khand

5800

-1

Sector Chi-2 Great­er Noida

7

0

Vaishali

6800

2

 

 

 

Vasundhara

5800

-2

RENTAL VALUES- GHAZIABAD

Locality

Jul-Sep 2015

% Change

CAPITAL VALUES- GURGAON, FARIDABAD, BHIWADI, DHARUHERA

Locality

Jul-Sep 2015

% Change

 

Ahinsa Khand

13

0

 

Sector-80 Faridabad

3750

6

Ahinsa Khand 1

14

0

Sector-86 Faridabad

4200

1

Ahinsa Khand 2

11

-8

Sector-103 Gurgaon

4650

1

Crossing Republik

8

0

Sector-106 Gurgaon

5750

3

Indirapuram

13

-7

Sector-28 Gurgaon

12200

-6

Mohan Nagar

10

0

Sector-91 Gurgaon

4800

0

NH-24

8

0

Sohna

4450

3

Raj Nagar Extension

7

-13

Sohna Road

8850

0

Sector-4 Vaishali

14

-7

South City

11700

2

Sector-5 Vasundhara

11

-8

RENTAL VALUES-- GURGAON, FARIDABAD, DHARUHERA AND BHIWADI

Locality

Jul-Sep 2015

% Change

Vaibhav Khand

13

0

 

Charmwood Village

19

0

Vaishali

13

0

DLF City Phase 2

23

-4

Vasundhara

11

-8

DLF City Phase 4

25

4

 

 

 

DLF City Phase 5

24

4

CAPITAL VALUES- GURGAON, FARIDABAD, BHIWADI, DHARUHERA

Locality

Jul-Sep 2015

% Change

Golf Course Road

29

4

 

Alwar Bhiwadi Road

2850

-8

Gurgaon-Faridabad Road

16

7

Alwar Bypass Road

2950

2

MG Road

26

0

Dharuhera

3100

7

Nehar Par

9

0

DLF City

12600

-4

NH-8

22

0

DLF City Phase 1

11350

4

Sector-24 Gurgaon

27

4

DLF City Phase 2

13200

-4

Sector-42 Gurgaon

27

8

DLF City Phase 4

13200

-6

Sector-43 Gurgaon

22

-4

Dwarka Expressway

5850

2

Sector-78 Gurgaon

8

-11

Golf Course Road

14500

1

Sector-83 Gurgaon

7

-13

Gurgaon-Faridabad Road

8000

-5

Sector-86 Gurgaon

6

-14

Nehar Par

3950

0

Sohna Road

16

7

New Gurgaon

5050

0

Suraj Kund

13

8

NH-8

3250

8

Sushant Lok Phase-1

22

-4

Sector-42 Faridabad

5400

0

 

 

 

All prices are per sq ft rates.

*Capital values represent quarterly change.

*Rental values represent half-yearly chanrth, South, East, West and Dwarka

CAPITAL VALUES- GURGAON,


Copyright 99acres.com


  • Share on
Rate it 1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...Loading...
  • Post a New Comment

Usage of 99acres.com to upload content which enables targeting by religion/community/caste/race is prohibited. Please report inappropriate content by writing to us at report abuse
Home Legal Sitemap Send Feedback
Back To Top