The cost of residential property in Gurgaon has been on the rise for several years. In the main residential areas of Gurgaon, property fees have increased at a rate of 20 to 30 percent per year for several years in the recent past. Such locations include: IMT Manesar, Sushant Lok, Sushant Lok I, Manesar, DLF Phase IV, Sector 52, DLF Phase V, Nirvana Country, Sector 30, Andee City, DLF Phase I, Udyog Vihar I, DLF Phase II, Golf Course Road, National Highway 8, MGRroad, Sohana Road, etc. Residential and commercial properties of different varieties are available in these places. Apartments, flats, villas, commercial premises, condominiums, commercial premises, farms, etc. can be easily located in the region.
The cost of property in Gurgaon has been on the rise for the past few years. An estimate by industry experts gives a clear picture of the average cost of residential property in Gurgaon as of mid-2009. It shows that the average cost per square foot for apartments is around Rs 4,250. In the case of houses, it is about Rs 6,700. Again, for parcels, the estimate shows the average cost of approximately Rs 4,600 per square foot. In the case of apartment units, the cost has reached around Rs 90 lakhs. Once again, the average price per housing unit has reached around Rs 1.5 crore. For plot units, the price is approximately Rs 1.6 crore. The estimate is a clear index as to the rising cost factor of residential property in Gurgaon.
The cost of owning 1BHK, 2BHK and 3BHK apartments, 1BHK, 2BHK and 3BHK houses, based on the above estimate, can be summarized as follows. In Gurgaon, the average cost per square foot for a 1BHK apartment is about Rs 3,700 and the average unit price is Rs 26.5 lac. For the 2BHK apartment, the price per square foot is Rs 4000 and the average cost per unit is about Rs 45 lac. For a 3BHK apartment, the average cost is around Rs 4100 and the approximate cost per unit is Rs 73 lac. The estimate also looks at the cost of other residential properties such as 1BHK, 2BHK and 3BHK detached houses. According to the estimate, the cost of 1BHK house is about Rs 5100 per square foot and the unit cost around Rs 85 lac. The 2BHK house costs around Rs 5,500 per sqft and Rs 67 per sqft. 3 BHK house costs Rs 6100 sq ft and Rs 95 lake per unit.