Gurgaon’s Skyrocketing Property Rates: A Tale of Demand, Supply, and Development, 2024
Gurgaon, once a sleepy town, has transformed into a bustling metropolis, attracting businesses, residents, and investors alike. This rapid growth, however, has come at a price – a staggering increase in property rates. While the reasons behind this surge are multifaceted, a confluence of factors has propelled prices to unprecedented heights in the last couple of years.
The Demand-Supply Imbalance
The primary driver of this price escalation is the ever-increasing demand for residential and commercial spaces in Gurgaon. The city's strategic location, proximity to Delhi, and thriving IT and corporate sector have made it a magnet for professionals, entrepreneurs, and families seeking a better quality of life. This influx of people has created a significant demand-supply gap, pushing property...