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Spreadsheet of Current Prices Of Real Estate Properties In Gurgaon

By Sanjay Sharma, Section Ask Questions
Posted on Tue Jun 30, 2009 at 05:28:50 AM EST

Updated: June 30, 2009 .

A spreadsheet with the calculations of the total price for various real estate properties in Gurgaon is given below. You can edit this spreadsheet if you have a google account (Click here for editing.)

If you need a user name and password to access this sheet, without having or creating a google account, please write to Qubrex@gmail.com and we will email this spreadsheet in Excel's xls format to you.

Resale prices are indicative. www.qubrex.com or 98 716 70006, 98 105 76028, 98 119 87371.

[Your user agent does not support frames or is currently configured not to display frames. However, you may visit <A href="http://www.qubrex.com">Qubrex Properties.</A>]

< Spreadsheet of Current Rental Rates Of Real Estate Properties In Gurgaon | 25% Upswing in India's Housing Market >

Spreadsheet of Current Prices Of Real Estate Properties In Gurgaon | 17 comments (17 topical, 0 hidden) | Post A Comment

Interesting observation (none / 0) (#11)
by Unregistered Visitors on Tue Jan 09, 2007 at 08:06:04 AM EST

1. The spreadsheet gives the figures in millions format rather than lakhs / crores that the normal Indian is used to.

Probably the Editor's US hangover / inclination continues.

The prices mentioned in the blue columns ( one's available with Qubrex, the main line business of the Editor are quoted at lower than the usual market prices to make the sheet look attractive ).
Can the Editor provide the white valuations as well for the above mentioned options.
What is the point giving a ridiculously high company price as a parameter when there is no stock available with the companies in a lot of clusters.

( Probably to lure unsuspecting visitors by giving the impression that things on offer from Qubrex are advantageous )

Well well.

[ Reply to This ]

who can buy at such rates (none / 0) (#10)
by Unregistered Visitors on Tue Jan 09, 2007 at 07:49:47 AM EST

who can buy at such rates - just ask yourself this honest question.

Corrupt officials with tons of black money
People who have inherited loads of money without doing anything.
Well established businessman

Decent family in India earning 20-25 lakhs per annum can't even think of buying such higly inflated property.

I am an NRI and working abroad from the last 5 years and these prices are too much for someone like me. I am not going to give away most of my savings for just one flat.

God knows where real estate market go in the long run but one thing is for sure - very soon lots of people are set to burn there fingers big time.

PS - I am not in a business of making someone else very rich.

Thanks
Jai

[ Reply to This ]

Think Again (none / 0) (#16)
by Unregistered Visitors on Thu Jan 11, 2007 at 08:40:16 AM EST

How can you say that the people buying these flats are one of three you have mentioned?

I am also a young person with no inheritance money what so ever. I am software professional so apart from saving some taxes here and there I am not into corruption. I am also not well-established businessman.

I planned to buy a flat when two bedrooms flat was around 10L(in 2003), I couldn't because I didn't have money. Then the prices soared and 2 beds were 20L within a year. I went to India but couldn't finalise the deal, people told me that don't buy now as prices are already high and will go down. I waited till 2005 prices never came down and the same flat was 27L. I thought it is now or never so I bought a 3BR flat for around 35L. When I was buying that flat people told me that prices will now go down so don't buy BUT I had enough so I took bank loan a bought it.

Read this article CAREFULLY <a href="http://www.gurgaonscoop.com/story/2005/5/12/124938/643">http://www.gurgaonscoop.com/story/2005/5/12/124938/643</a>

At that time as well people were getting frustrated and making others frustrated but prices never came down.

Well, I am neither a dealer nor an investor. Whether the prices rise or fall doesn't matter to me as I am a end user but since this site is used by mainly young people like me I would suggest that keep your eyes wide open and take intelligent decision as it will impact only you. Buying flat at this rate may be a distant reality now and the Prices may fall BUT remember if they raise, the dream, which seems a distant reality now will become Mission Impossible. As per my understanding the prices may not fall till the salaries of the corporate gets stabilised.

PS - Nobody in this world is in a business of making someone else very rich, but given enough foresight one can make itself rich.

[ Parent | Reply to This ]

: hI (none / 0) (#17)
by Unregistered Visitors on Thu Jan 11, 2007 at 09:16:22 AM EST

Dear Bro,
I was the one who wrote previous thread which you answerd.
You completly miss my point.
3 bedroom Flat @ 35 to 50 lacs is affordable for people like me (NRI's). I have bought one in 2005.
But buying a same flat which is costing more than a crore now is something i can't even think of right now.
what i was saying - at this rate you will just give away your hard earned money to some greedy builder and buy such higly inflated property and this way you make someone else rich.
PS - foresight is something you are born with you can never acquire it.
Jai

[ Parent | Reply to This ]

buy (none / 0) (#13)
by Unregistered Visitors on Tue Jan 09, 2007 at 09:07:08 AM EST

agree, it'll be stupid to buy at these rates.
why pay money to a cartel that one can gleefully watch lose in a matter of days?

[ Parent | Reply to This ]

Atlantis price..... (none / 0) (#4)
by SGARG on Mon Jan 08, 2007 at 08:55:06 PM EST

Sanjay, surprised to see atlantis resale price at 4900. I thought it was more like 3500. What's the Regal resale price?

[ Reply to This ]

ab to bas (none / 0) (#1)
by Unregistered Visitors on Mon Jan 08, 2007 at 08:37:37 AM EST

ab to bas bhool hi ja ghar lena, yeh price kam hote hue saaf saaf dikhai de rahi hain

[ Reply to This ]

Be aware. No buyers in market right now....... (none / 0) (#3)
by Unregistered Visitors on Mon Jan 08, 2007 at 08:55:00 PM EST

Hi Guys,

Those who are planning to buy apartments BEAWARE...
There are NO BUYERS in market for these prices. If you go to the registrar office you will come to know about the bitter fact that there are no new sale purchases are going on. So BEAWARE before putting your hard earn money into ONLY ONE property. There are lot more options available in NCR which are much better and ahead in infrastructure than gurgaon, like Greater noida and faridabad are ideal place to invest and even much cheaper than gurgaon. Gurgaon will soon loose and lack behind in infrastructure like road, water and sewrage. aprart from basic facilities it lack behind in security, administration and other growing factors required or any place. This is the peak of property rates in gurgaon, now down fall has been started. It has been realised by the developer themself as well as investors are also feeling its heat. No body was purchasing land in gurgaon because of huge black money demanded by the property owners, and the result is down fall of land prices in gurgaon. The same will being expected for apartments too and thats too VERY SOON. Don't go on words, because hype is being created by developers and investeors time to time. Don't go on article in newspaper and on property sites as the author himself has direct / indirect benefit in appraising the property prices in gurgaon.

[ Parent | Reply to This ]

I don't buy your comments (none / 0) (#6)
by Unregistered Visitors on Mon Jan 08, 2007 at 10:32:15 PM EST

There is no reason for considering these prices as high and at the peak. Gurgaon is termed as corporate capital of India by Haryana's CM. I hope you don't start calling Haryana's CM also a property dealer. Anyway Haryana's CM has also commited to make Gurgaon as model city for whole India. Harayana has also received maximum numbers of applications for SEZs. Well, SEZ creation is a political issue, but you can see industry's confidence in progressive Haryana. And day to day additions in infrastructure can be observed easily in Gurgaon , for ex. NH8 is functioning in Gurgaon ( except at IFFCO and 1 more place ) however same NH8 is facing delays in Delhi. Every week there is news in newspapers regarding annoucements for infrastructure improvements in Gurgaon, so infrastructure related comments are not logical anymore.

And if you'll see induustries movement and interest in Haryana and especially in Gurgaon and it's suburbs, you won't consider 5,000 psf - 7,000 psf rate for an apartment as a high rate. Get used to new Gurgaon and new economy. Middle class Chineense earns equal to middle class indian and in China's new cities apartments are selling at average rate of $200 , i.e. approx. 9,000 psf rate. These cities has lot of open space, China has bigger geographical area then India and now both countries have similar population. What logic you'd give for high prices in China ?

I am not making a pitch for investment in Gurgaon, however I am acknowledging the facts and new staus acquired by Gurgaon. I don't see any reason average prices slowly moving to 7,000 psf rate for apartments in Gurgaon in coming 2 years.

[ Parent | Reply to This ]

Facts about Gurgaon (none / 0) (#18)
by Unregistered Visitors on Thu Jan 11, 2007 at 02:24:21 PM EST

Gurgaon is nothing without New Delhi, it has developed because of its proximity to Delhi. This is only reason it has demand for property. Same holds true for NOIDA also. If it is in the hands of Haryana CM to make it a World city, then why not Haryana could not develop any other city in Haryana. Also, there are few white collar jobs in Gurgaon, most of jobs are third rate BPO/call center types. Even the so called software professionals are doing lower end jobs for multi-national companies with income of 10 to 15 lacs per annum. With these jobs, can we call it a world city?

[ Parent | Reply to This ]

comparison !!! (none / 0) (#12)
by vicky1992 on Tue Jan 09, 2007 at 08:30:27 AM EST

The comparison between China & India is factually incorrect. by extension, how do you justify half the prices in Singapore ????

You can buy a spacious condo apartment in singapore for 1.6-1.7 crore, anf HDB apartment (equivalent to condos here) for half the price. Can you justify current Gurgaon prices some of which are already double that in Singapore ???

remember, Singapore is making land but reclaiming it from ocean, yet offering cheaper apartments. Wouldn't that lead you to beleive that gurgaon prices are overly inflated ???

[ Parent | Reply to This ]

: Singapore (none / 0) (#15)
by Unregistered Visitors on Tue Jan 09, 2007 at 09:02:27 PM EST

Comparison with Singapore does not stand anywhere.
Population & urbanisation growth rate are two key factors which determine the demand for residential property . Singapore is 100% urbanised & India is 28% . The fast pace of urbanisation in India would take this figure to 40% (equivalent of today's China)
Hope that brings data into an otherwise emotional comment.

[ Parent | Reply to This ]

okie (none / 0) (#9)
by discussionprofile on Tue Jan 09, 2007 at 06:25:03 AM EST

okie just try to virtually sell your property .. try to find out the buyers and you would come to know the truth of the day ...

You will wish buyers to come from china or usa soon

[ Parent | Reply to This ]

Wonderful arguments (none / 0) (#7)
by Unregistered Visitors on Tue Jan 09, 2007 at 01:33:08 AM EST

You have provided some great analogy between india and china...and comments on gurgaon becoming the corporate capital of india, but i just wanted to know what does an average middle class indiam earn in a year ...some million bucks or something. Because according to ur prediction of 7000psf this seems to be the case.

Wait and watch is the only thing that I can suggest you but one thing i can assure you that if you are an investor then please do not invest too much money on the speculation that the rates of appartments will touch 7000psf in 2 years time, because you stand to loose a lot of money.

[ Parent | Reply to This ]

Deals not happening true.. (none / 0) (#5)
by discussionprofile on Mon Jan 08, 2007 at 10:01:42 PM EST

Enough supply @ > 3200 ..
Not enough demand @ > 3000 ...

50 to 60 lakh is not too much for property dealers builders financers and corrupt officials

[ Parent | Reply to This ]

Villa rates (none / 0) (#8)
by Unregistered Visitors on Tue Jan 09, 2007 at 05:30:48 AM EST

What are the rates for villas at Nirvana & Eldeco Mansionz ?

[ Parent | Reply to This ]

: prices (none / 0) (#14)
by Unregistered Visitors on Tue Jan 09, 2007 at 12:55:53 PM EST

Please search in Magicbricks site provided by times of india group.

[ Parent | Reply to This ]

Spreadsheet of Current Prices Of Real Estate Properties In Gurgaon | 17 comments (17 topical, 0 hidden) | Post A Comment

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