Residential prices in Golf Course Road, Gurugram, have jumped by a whopping 21% year on year (YoY) during the July-September quarter. It is the most rapid increase in housing prices in the Delhi-NCR (National Capital Region).
The residential prices in Delhi-NCR rose by 14 percent year over year in the quarter. Also, the unsold inventory in the city dropped by 11% YoY during Q3 2022. The report has mentioned that residential prices rose by six percent across top eight cities in India. The strong rise in housing prices in Delhi-NCR was attributed to a strong housing demand, a rise in input, and quality launches by top real estate developers.
With Golf Course Road leading the way in Delhi-NCR, several factors, including good connectivity and proximity to commercial hubs in Gurugram, have played a significant role in the prices rise in housing units. Luxurious residences equipped with modern amenities and the evolving aspirations of the globetrotting affluent class have redefined luxury at Golf Course Road. With its seamless connectivity, the area has also become a favourite amongst corporates.
Speaking about rising residential prices in Golf Course Road, Aakash Ohri, Group Executive Director and Chief Business Officer, DLF Ltd, said, “In the past two years, the housing market in Gurugram has emerged as a hot real estate investment destination, with annual price growth reaching record highs. Some markets and products have altered forever. Golf Course Road is asserted with some of the most expensive commercial and residential real estate that have thrived in the past two decades, attracting millennials and HNIS, from across India and the world over.”
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