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Facts And Figures: Gurgaon Rental Market

Real estate investment in Gurgaon has surged to great heights over the years. This is proven by the large number of residential property, villas and studios being sold out in great numbers. The expense of renting in Gurgaon has seen its share of highs and lows, especially after demonetization. A 1 BHK residential property/villas/studios has an average cost of 5000 to 35000(INR); 2 BHK cost ranges from 6000 to 37000 and 3 BHK varies between 10000 to 60000. These prices do not apply to luxurious apartments. Locality, facilities, built up area are various factors which decides the rates of these properties.
There are various sectors which have shown an ascending rate like 67, 67A, 77, 78, 81, 88A, 89, 92 etc. There has also been a dip in prices in various posh localities in Gurgaon like DLF City, Golf Course Extension, Malibu Town, MG Road. This year there has been a diminishing rate of 0.36% in rental properties in Gurgaon, but also a boost of 11.97%. An estimate shows that there will be an increase of 0.5% and upto 12% to 13% in the cost of studios, residential properties and villas.

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