Real Estate Overview of Palam Vihar, Gurgaon

Palam Vihar, situated in Gurgaon, boasts a lively and varied community providing a rich array of real estate opportunities for both buyers and renters.

Property Prices

Palam Vihar has differing property prices that depend on the kind of property and its location. Here's a glimpse of the major price ranges:

• Starting property prices are around Rs. 5,235 per square foot, with averages hitting Rs. 11,001 per square foot.
• Flats range in price from Rs. 6,500 to Rs. 10,050 per square foot.
• Builder Floors range from Rs. 8,650 to Rs. 12,150 per square foot.
• Land rates are about Rs. 14,650 to Rs. 23,800 per square foot.

Property Types Available

Palam Vihar features many property types:

• Apartments come in various formats like 1 BHK, 2 BHK, 3 BHK, and 4 BHK, with prices changing accordingly.
• We've got independent houses including villas and builder floors for a range of budgets.
• Land is ideal for those who wish to build their own home and is offered at various rates.

Rental Options

For renters, Palam Vihar offers:

• Apartment rent varies, starting at ₹13,000 for a 1 BHK to ₹60,000 for a 4 BHK depending on size and furnishings.
• There are rental properties available from different societies like Palam Vihar Residents Association, Ansal Plaza Gurgaon, and more, with varying rates per square foot.

Trends and Appreciation

The Palam Vihar real estate market has shown notable changes:

• Flat prices have grown by 5.8% in the last year, 32.0% over the past three years, and 28.9% in the last five years.
• Builder floor prices have risen by 19.1% in the last year and 68.9% over three years.
• Land prices have increased by 24.1% in the last year and 156.1% over five years, showing great growth potential.

PropertyWala's Verdict

In Gurgaon, Palam Vihar’s real estate market is dynamic, offering a variety of options for buyers and rent seekers. Combining affordability with luxury, it’s a superb choice for many budgets. Given the positive trends in price appreciation, it stands out as a promising investment area. It's key to research and compare prices to make a well-informed choice. If you're hunting for a spacious villa, a compact apartment, or a plot of land, Palam Vihar has something for everyone, making it an excellent choice for investment or living in Gurgaon.