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Pooja Sawant
posted on 10 MayHas Gurugram's property market peaked already?
Okay I'll be honest — I completely underestimated how confusing this process is. I'm looking to buy my first flat in Gurugram, probably a 2BHK around ₹1.5 Cr, maybe a small 3BHK if possible. Everyone's saying Gurugram prices are just going up, especially with Dwarka Expressway almost done and Global City coming. But is it still a good time to get in, or has it already peaked? I'm worried about buying at the top. Should I be looking at Golf Course Extension or is Dwarka Expressway better now for appreciation? What about areas like Sector 65, are they already too expensive? My parents keep saying wait, but I don't want to miss out. Any advice on timing the market here?
#first-time-buyer#market-timing#gurugram-investment#dwarka-expressway#golf-course-ext
Comments
It's tricky. 'Peaked' is a strong word, but the rate of appreciation might slow down from the current insane levels. For first-time buyers, focus on your actual need and budget, not just appreciation. Look for projects with good connectivity and amenities, even if
Yaar, the problem is not just price, it's also inventory and builder reputation. So many projects get delayed indefinitely. My friend booked in a project near Airport Road (Gurgaon side) and possession is 2 years late already. RERA me complain kar karke thak gaya hai woh.
Ready-to-move mein bhi prices bahut high hain. But are builder issues less common with ready projects? Like, if I buy a ready-to-move, can I be sure about the quality and amenities?
Haan bhai, same experience. Builder ne phir se date extend kar diya lol. I'm looking at ready-to-move only now, even if it means paying a bit more.
I bought a 3BHK in Sector 102 near Dwarka Expressway two years ago for 1.2 Cr. Now similar units are going for 1.6-1.7 Cr. So yes, it has appreciated a lot for me. But for new buyers, the entry point is definitely high. If you're looking for appreciation, you might need to look further out.
Badshahpur is still relatively affordable compared to GCE or Central GGN, but even there, good projects are quickly getting snapped up. For 1.5 Cr, you might find something decent, but be careful about the infrastructure development pace and builder's delivery track record. It's catching up, but slowly.
Wow, that's a good gain! What about areas like Badshahpur? Are prices still reasonable there for a 2BHK around 1.5 Cr?
Bhai, you're not wrong to be worried. Prices are crazy, especially in Sector 65. I've been tracking for a year, and it feels like a bubble ready to burst. It's definitely too expensive for a first-time buyer like us. Maybe wait a bit and see if there’s a correction?
The prices might seem high, but the demand is also real. Connectivity improvements, especially with Dwarka Expressway, are driving a lot of interest. The 'peak' might just be the new normal, unfortunately. So, affordability is a real challenge, but the market might not cool down much.
Totally agree with you. My agent showed me a 2BHK in GCE for 1.8 Cr! That's insane for first-time buyers with a budget like ours. How are people even affording these prices?
Okay I'll be honest — I completely underestimated how confusing this process is. I'm looking to buy my first flat in Gurugram, probably a 2BHK around ₹1.5 Cr, maybe a small 3BHK if possible. Everyone's saying Gurugram prices are just going up, especially with Dwarka Expressway almost done and Global City coming. But is it still a good time to get in, or has it already peaked? I'm worried about buying at the top. Should I be looking at Golf Course Extension or is Dwarka Expressway better now for appreciation? What about areas like Sector 65, are they already too expensive? My parents keep saying wait, but I don't want to miss out. Any advice on timing the market here?