Esther Finmark

Will we see a drop in property prices ?
Well that's definitely not going to happen as many of you have already witnessed. Those who have been waiting for the assumed correction to happen every since the pandemic , are now faced with the fact that what they had seen at that point of time is now probably 30-50% higher if not more .
When it comes to Gurgaon , well we all have witnessed a massive hike in prices and rentals across the board. So why are we actually witnessing this surge ? There are many reasons but I would like to elaborate few of the major ones.

1. The surge in prices is because you have buyers ready to pay ( hmmmm, it doesn't make sense until it is backed with practical reasons , correct ? ) . Well most of these buyers come from the Delhi region . And as you already know , prices in Delhi are much higher than Gurgaon . If you want to buy a small three bedroom floor in around 200 sq yrds at South Delhi , you will land up paying around 3.5-4 crs . But then in the same budget you can get a massive 4 bedroom floor in 300 sq yards. So what will you chose ? So, if you are staying at South Delhi and working at Gurgaon , wont you sell your property at South Delhi and buy a bigger brand new home at Gurgaon which is closer to your office and at the same time save some money ?

2. Gurgaon is house to some of the major real-estate Developers nationally or even internationally . The quality , premium feel is more highlighted in Gurgaon than the entire NCR Region. If you have one premium condominium project in Noida , in Gurgaon you would probably have 10 in ratio. So you get a wider choice to chose in Gurgaon.

3. Gurgaon is also house to numerous MNC's having their Asia Pacific Head Offices located here. You will witness more Expats residing here and in fact numerous high end Condominiums preferring Expats to lease their apartments. An apartment at Magnolias on rent is near around 7.5 lacs per month , and an apartment at Camellias sold around 100 crs . Where in the entire NCR Region would you have prices matching this ? Not counting Delhi .
4. So what is triggering this growth ?
Well that is simple . The concept of an area having more buying power will attract more investments and thus attract home buyers, prices are bound to surge . As Gurgaon grows as a corporate destination , you will find numerous people migrating towards Gurgaon and making it their long term home. And people need a place to stay , whether on rent or buying it. To understand this , What is an average salary for a middle management employee of an MNC ? So his rental budget or his buying power will be proportionate to that . Compare it to other regions of NCR , you will find it higher at Gurgaon . So Gurgaon is there to stay no matter what. Prices are bound to grow no matter what . So don't wait for the rain to stop , by the time it stops you'll find prices beyond your budget .

A home buyer is focused on finding the best suitable property that gives the vibe of satisfaction .

We at Esther Finmark fill in the void of finding the best consultant who understands the buyers specific requirement and presents with the best options. So whatever your budget and requirement at South Delhi and Gurugram , be assured we have an option. So , why wait , connect with us and lets start the journey together on finding that particular home !