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Anita Varma
posted on 13 MayGurgaon's 'always rising' prices are a myth
Did a site visit to Pegasus projects in Sector 110 last Saturday, and honestly, the 3BHK prices are pushing 2.5 Cr. I'm a first-time investor, and that feels steep. My parents keep saying Gurgaon prices only go up, but I'm not so sure. Is there really no room for price correction here, especially with Dwarka Expressway opening soon? Or are there specific sectors or areas, maybe around SPR Extension or even further along Dwarka, where you can still find good value? I'm open to secondary market deals too; can you negotiate better there than with new builders? Trying to maximize ROI, not just buy something expensive.
#sector-110#first-time-investor#price-correction#dwarka-expressway#secondary-market
Comments
Not a myth, but definitely overinflated. I bought a 2BHK in Sector 102, along the Dwarka Expressway, two years ago for 90L. Now builders are asking 1.5 Cr for similar units! The appreciation has been insane, but it makes
Myth nahin hai bhai, reality hai. Gurgaon has always been expensive. Demand bahut hai yahan, especially with so many MNCs and job opportunities.
Totally agree, bhai! Sector 110 is insane. I was looking at Sector 88A, thought it might be slightly better but even there, builders are quoting sky-high for under-construction. Log bolte hain Dwarka Expressway se sab badal jaayega, but yeh prices toh pehle hi badh chuke hain. Where is the 'value' everyone talks about?
U1, I feel you. My parents had bought a plot in Badshahpur back in the 90s for peanuts, and now it's worth a fortune. They keep pushing me to buy in Gurgaon, saying it's the same story. But the current market feels different. I saw a project near SPR Extension, Sector 70, quoted 1.8 Cr for a 2BHK. That's almost my entire budget for a 3BHK! Is it even worth paying such a premium for future appreciation that might not materialize?
Sahi keh rahe ho. Value toh kahin dikh hi nahi rahi. Lagta hai ab sirf peripheral areas hi option hain, like maybe towards Basai.