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Indian Express
18-07-2025
- Business
- Indian Express
Are Gurgaon real estate prices about to crash? Here is what experts say
There has been concern in some quarters that residential real estate prices in Gurgaon are very high. While experts that The Indian Express spoke to are divided on their analysis of the market, there does seem to be consensus on the fact that prices will stabilise for some time now, in the aftermath of massive price increases in recent years. Average prices in Gurgaon's residential property market have surged by 67% over the last two years, going from Rs 9,718 per sqft in Q2 2023 to Rs 16,186 per sqft in Q2 2025, according to a Magicbricks report. 'Premium micro-markets like Golf Course Road, Golf Course Road Extension, and Dwarka Expressway continue to attract high-end buyers, contributing to the city's steady price appreciation. The influx of multinational corporations and a growing ecosystem of luxury residential projects have also fueled demand, cementing Gurugram's status as a key investment hotspot in the NCR,' the report states. The Gurgaon market has also seen a surge in new residences being launched into the market every year since the pandemic. PropEquity, a real estate data analytics firm, estimates that in 2022 and 2023, only roughly 11,000 and 19,000 units, respectively, were added to the Gurgaon market. In 2024, though, out of the 53,000 units supplied to the NCR market, half (26,268) were in Gurgaon alone. Massive price increases in Gurgaon are not to be seen in the short-term horizon, according to experts, but they differ in their prescription for those looking to buy in Gurgaon. It is not a good time to buy residential real estate in Gurgaon, according to Prashant Thakur, Head of Research and Advisory, Anarock. 'The market is overheated at the moment. If you are thinking of buying something for investment, you should not,' he says. Thakur says that real estate prices don't generally fall, like they do in other categories of products. 'Builders don't generally show a massive fall in prices. Instead, they just start offering discounts to buyers, or offer additional components along with the flat, like a modular kitchen,' he adds, recommending that buyers wait till the festive season when developers might offer some discounts. Samir Jasuja, Founder and CEO of PropEquity, agrees with Thakur that prices are going to remain stable for some time and, thus, investors should not enter the market right now, expecting to make the kind of gains made in the last couple of years. But his advice for buyers is different. 'End buyers should buy residences, as prices are not going to fall and remain stable for at least the next two years,' Jasuja says. According to Jasuja, in the four years between 2010 and 2013, roughly 65,000 units were launched in Gurgaon, while in the eight years between 2014 and 2021, only 34,000 units were launched. 'Supply came down because a lot of developers defaulted, and, subsequently, there was a consolidation of developers. Thus, the Gurgaon market was starved of residential real estate, and post-2022, we have seen a catch-up of supply. Right now, there is an equilibrium of supply and demand: Last year, Gurgaon saw the sale of 9,000 units worth Rs 79,000 crore in the more than five crore segment alone,' Jasuja explains. 'I have myself looked for apartments, but there is nothing available below Rs 3.5 crore. Anything below that is located in newer parts of Gurgaon, and I don't recommend people buy residences there, as there is no connecting infrastructure and it already looks congested,' says Jagan Shah, CEO of The Infravision Foundation. 'Our outlook suggests that a significant fall in Gurgaon residential real estate prices this year is highly unlikely,' says Prasun Kumar, Chief Marketing Officer, Magicbricks. 'The market has seen moderate price increases (below 4% year-on-year) in the last quarter, which points to a stabilising trend after the notable escalations of the past few years. This stabilisation is a healthy sign of market maturity,' Kumar adds. 'Given the consistent demand for premium and spacious homes, the strategic importance of Gurgaon as a business hub, and the prevailing market dynamics, we anticipate prices to remain stable or continue on a gradual upward trajectory rather than experiencing a decline. This stability makes it an even more attractive time to invest with confidence,' Kumar says. Devansh Mittal is a trainee correspondent with The Indian Express. He studied political science at Ashoka University. He can be reached at ... Read More
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Business Standard
15-07-2025
- Business
- Business Standard
Tier 2 cities outpace metros in residential plot launches: PropEquity
Tier 2 cities such as Indore, Nagpur and Surat have outpaced big cities as realtors launched nearly 470,000 residential plots, with an estimated launch value of approximately Rs 2.44 trillion, across the top 10 tier 1 and tier 2 cities between 2022 and May 2025, according to a report by real estate analytics firm PropEquity. The report stated that seven of the top 10 cities were tier 2, supplying around 243,000 residential plots and accounting for 52 per cent of the total supply. These cities include Indore, Nagpur, Jaipur, Coimbatore, Mysore, Raipur and Surat. On the other hand, only three tier 1 cities — Hyderabad, Bengaluru and Chennai — made it to the top 10, supplying nearly 225,000 residential plots or 48 per cent of the supply share. 'Residential plots have emerged as a safe haven for investors looking at them for self-use or investment post-pandemic owing to their liquidity, faster appreciation and desire to customise their living space,' he added. For developers, Jasuja said plots generate quicker cash flow as they involve faster sales and lower upfront investment compared to apartments. The report further highlighted that in the first five months of 2025, developers launched 45,591 residential plots — 36 per cent of the supply seen in 2024 and 28 per cent of the supply in 2023. In 2024, the supply of residential plots in the top 10 tier 1 and tier 2 cities fell 23 per cent year-on-year (YoY) to 126,556 plots from 163,529 plots in 2023. The weighted average launch price of residential plots in these cities rose 27 per cent YoY in 2024 to Rs 3,679 per square foot.
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Business Standard
15-07-2025
- Business
- Business Standard
₹2.4 trn worth of housing plots launched in last 3.5 years: PropEquity
Housing plots worth ₹2.44 trillion have been launched in past three and half years because of higher demand post-Covid pandemic, according to PropEquity. Real estate data analytic firm PropEquity data showed that nearly 470,000 residential plots have been launched by developers between January 2022 and May 2025 across 10 tier-I and tier-II cities. These cities are Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur and Surat. "The estimated launch value of the residential plots in 10 tier I-II cities between 2022 and 2025 (May) is approximately ₹2.44 trillion," PropEquity Founder and CEO Samir Jasuja said in a statement on Tuesday. The demand for residential plots has risen in the past few years as this asset class is more liquid with potential of higher appreciation than apartments, he added. Jasuja said many prospective customers prefer plots as they desire to customise their living space. As per the data, the supply of residential plots in these 10 cities fell 23 per cent annually in 2024 to 1,26,556 plots from 1,63,529 plots in the preceding year. PropEquity said 45,591 residential plots have been launched during the the first five months of 2025. "For developers, plots generate quick cash flow as they involve faster sales and less upfront investment as compared to apartments," the company said. The weighted average launch price of residential plots in these 10 cities rose 27 per cent annually in 2024 to ₹3,679 per sq ft, which translates to ₹33,111 per square yard and Rs 39,586 per square metre. Commenting on the report, Kirthi Chilukuri, Founder and MD of Stonecraft Group, said, "The surge in plotted development across India's cities reflects a growing desire among people for ownership and personalisation." Yashank Wason, Managing Director, Royal Green Realty, said, "Indore's rise among the top three plotted development markets is a testament to its evolution into a dynamic real estate destination." Sam Chopra, President and Country Head, eXp Realty India, said the launch of 470,000 plots in these 10 cities in just over three years reflects a decisive shift in buyer behaviour, from built-up units to land ownership.
Time of India
15-07-2025
- Business
- Time of India
Housing plots in demand post-Covid, Rs 2.44 lakh cr worth plots launched in last 3.5 yrs: PropEquity
New Delhi: Housing plots worth Rs 2.44 lakh crore have been launched in past three and half years because of higher demand post-Covid pandemic, according to PropEquity. Real estate data analytic firm PropEquity data showed that nearly 4.7 lakh residential plots have been launched by developers between January 2022 and May 2025 across 10 tier-I and tier-II cities . These cities are Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur and Surat. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now "The estimated launch value of the residential plots in 10 tier I-II cities between 2022 and 2025 (May) is approximately Rs 2.44 lakh crore," PropEquity Founder and CEO Samir Jasuja said in a statement on Tuesday. The demand for residential plots has risen in the past few years as this asset class is more liquid with potential of higher appreciation than apartments, he added. Live Events Jasuja said many prospective customers prefer plots as they desire to customise their living space. As per the data, the supply of residential plots in these 10 cities fell 23 per cent annually in 2024 to 1,26,556 plots from 1,63,529 plots in the preceding year. PropEquity said 45,591 residential plots have been launched during the the first five months of 2025. "For developers, plots generate quick cash flow as they involve faster sales and less upfront investment as compared to apartments," the company said. The weighted average launch price of residential plots in these 10 cities rose 27 per cent annually in 2024 to Rs 3,679 per sq ft, which translates to Rs 33,111 per square yard and Rs 39,586 per square metre. Commenting on the report, Kirthi Chilukuri, Founder and MD of Stonecraft Group, said, "The surge in plotted development across India's cities reflects a growing desire among people for ownership and personalisation." Yashank Wason, Managing Director, Royal Green Realty, said, "Indore's rise among the top three plotted development markets is a testament to its evolution into a dynamic real estate destination." Sam Chopra, President and Country Head, eXp Realty India, said the launch of 4.7 lakh plots in these 10 cities in just over three years reflects a decisive shift in buyer behaviour, from built-up units to land ownership. PTI
Time of India
10-07-2025
- Health
- Time of India
Cancer institute faces bed crunch, seeks RUHS help to treat patients
Jaipur: Unavailability of hospital beds at Jaipur-based State Cancer Institute (SCI) has resulted in an endless wait for patients needing urgent medical attention. The crisis had led SCI to request RUHS Hospital to accommodate and treat cancer patients at its facilities as an interim measure. Currently equipped with 170 beds, SCI plans to expand capacity to 500 beds. Until the completion of construction work, however, the regional cancer centre - one of three institutes located in Jaipur, Jhalawar, and Bikaner - continues to struggle with an acute space crunch. SCI is a newly established tertiary care hospital in Jaipur that was commissioned in Feb 2020 with the aim of providing comprehensive cancer care under one roof. While medical oncology was the first service offered, SCI has since emerged as a one-stop hospital treating all types of cancers. Superintendent of SCI, Dr Sandeep Jasuja told TOI that since RUHS building is adjacent to SCI, and the former is not running at full capacity, it can help cancer patients in treatment. "We have no beds available to accommodate more patients. For the benefit of patients, we have requested govt to provide beds in RUHS hospital until our building is completed," Jasuja told TOI. SCI provides free-of-cost cancer medicines to eligible patients. "We have added new medicines to the list of medication provided free of cost. As a result, we get patients not only from Rajasthan, but also from across the country," Jasuja added. Meanwhile, Dr Deepak Maheshwari, principal and controller of SMS Medical College, to which SCI is affiliated, said additional space will be available once the construction work is complete. "We are providing latest equipment and machines to SCI for the benefit of patients," Maheshwari said, including MRI services, which are currently not available at SCI.
