Gurgaon
The Gurgaon real estate market demonstrates consistent growth across various asset classes, driven by a mix of residential demand and premium commercial interest. Apartment pricing remains steady, while the villa segment has recorded significant appreciation, signaling a shift toward luxury and spacious living. Commercial office spaces continue to command robust value, supported by the city's status as a corporate hub. Ongoing development activity ensures a steady pipeline of projects at various stages of completion.
As of March 2026, the average asking price in Gurgaon for an apartment stands at ₹14,900 per sq ft. This figure reflects a modest appreciation of 0.13% compared to the previous quarter, indicating a stable demand environment for residential units in the city.
Property rates in Gurgaon show significant variation depending on the asset class as of March 2026. Shops command the highest average asking price at ₹33,350 per sq ft, despite a depreciation of 1.57% from the previous quarter. In contrast, villas are priced at ₹25,750 per sq ft, showing a healthy appreciation of 5.39% over the same period. Office spaces are currently priced at ₹15,500 per sq ft, reflecting a 2.31% appreciation, while apartments remain the most accessible at ₹14,900 per sq ft.
As of March 2026, Ready To Move projects in Gurgaon have an average asking price of ₹13,650 per sq ft, which has appreciated by 1.08% compared to the previous quarter. Meanwhile, Under Construction projects are priced at an average of ₹14,500 per sq ft, marking a depreciation of 2.05% over the same period. This pricing dynamic suggests that buyers are currently finding more competitive entry points in the under-construction segment compared to the immediate availability of ready-to-move units.
New launch projects in Gurgaon are currently priced at an average of ₹14,500 per sq ft as of March 2026. This segment has experienced a depreciation of 4.22% from the previous quarter, which may signal a strategic adjustment in pricing by developers to attract early-stage investment in new inventory.
The Mid Stage project category has recorded the highest price growth in Gurgaon, with an average asking price of ₹13,000 per sq ft as of March 2026. This represents a significant appreciation of 13.97% compared to the previous quarter, reflecting strong buyer confidence and progress-linked value realization in these specific developments.
Well Occupied projects in Gurgaon are currently commanding a premium average asking price of ₹16,300 per sq ft as of March 2026. These properties have seen a notable appreciation of 8.13% from the previous quarter, suggesting that established, functional communities continue to be highly sought after by end-users and investors alike.
Yes, several segments in Gurgaon have seen price depreciation as of March 2026, including the Project On Hold category, which dropped by 11.4% to an average of ₹11,250 per sq ft. Additionally, Early Stage projects have depreciated by 7.22% to ₹16,000 per sq ft, and Near Possession projects saw a 4.11% decline to ₹8,100 per sq ft. These trends generally reflect market corrections or specific risk adjustments associated with project timelines and developer progress.
