Average property prices in Gurugram have increased 76% over the last two years and 15.5% quarter-on-quarter to reach Rs 14,650 per sq ft in Q2 FY25, according to a recent real estate report. The report noted that prices have risen significantly despite residential demand increasing moderately by 9.9% quarter-on-quarter and supply growing by 18.3% quarter-on-quarter, driven by new listings and project launches.

With rising demand, prices of ready-to-move apartments have increased 12.9% quarter-on-quarter to Rs 13,729 per sq ft, while prices of under-construction apartments have risen 17.3% quarter-on-quarter to Rs 16,180 per sq ft.

The report highlighted that 3-BHK units accounted for 66% of buyer searches. Average prices of 3-BHK apartments increased 21.6% quarter-on-quarter to Rs 14,600 per sq ft. Additionally, builder-floors command an average rate of Rs 12,700 per sq ft, multistorey apartments at Rs 13,200 per sq ft, residential houses at Rs 16,100 per sq ft, and luxury villas at Rs 25,600 per sq ft.

The report also noted that Dwarka Expressway, New Gurgaon, and Golf Course Extension were among the most searched areas.

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