According to Signature Global Chairman Pradeep Kumar Aggarwal, the Gurugram housing market is experiencing steady demand with no signs of speculation or a price bubble. Aggarwal mentioned that the growth in average housing prices is likely to moderate at 8-10%. Key highlights include:
• Weighted average prices have risen by over 100% since 2020.
• Around 60% of demand comes from end-users, with local investors and NRIs also contributing.
• Gurugram’s office market growth has increased demand for residential properties.
Aggarwal emphasized the market’s healthy growth due to steady demand and reasonable price increases. The Gurugram market remains stable and attractive for both end-users and investors, with no imminent crash expected.
Source: Economic Times