Gurgaon's Real Estate Market Stabilizes Post Rapid Growth
Gurgaon's residential property market has reached a stable phase after a massive 67% price increase over two years. Average rates rose from ₹9,718 per square foot in Q2 2023 to ₹16,186 per square foot by Q2 2025, marking one of the most dramatic transformations in India's real estate sector.
Significant Supply Growth Meets High-End Demand
The market saw a huge supply increase in 2024. Out of NCR's total 53,000 new units, Gurgaon alone contributed 26,268 properties - half the region's entire supply. This is a huge jump from just 11,000 units in 2022 and 19,000 in 2023.
Premium areas continue to drive growth. Golf Course Road and its extension now command rates over ₹35,000 per square foot, catering exclusively to ultra-high-net-worth buyers. Meanwhile, Dwarka Expressway has seen prices increased by 50% in 2025.
Analysts' Views on Future Trends
Market analysts are divided on future prospects. Some experts dismiss crash concerns, noting that less than 5% of FY24 bookings were cancelled. However, others warn of potential supply overhang in the luxury segment over the next 2-4 years as early investors consider exits.
Prasun Kumar from industry experts suggests "a significant fall in Gurgaon residential real estate prices this year is highly unlikely." Current data shows quarterly price increases have moderated to 2-5%, indicating market maturation rather than speculative bubble formation.
Infrastructure-Driven Stability
The city's commercial ecosystem continues attracting multinational corporations, while luxury residential projects cement its status as NCR's key investment destination. Rising rental rates signal limited ready-to-move inventory, with new launches requiring four-year delivery timelines.
Emerging areas like Sohna Road and New Gurgaon remain accessible at ₹8,000-12,000 per square foot, offering projected appreciation of 20%+ for value-focused investors seeking entry points into this dynamic market.