New Gurugram: The Rising Star of Affordable Premium Real Estate

New Gurugram, with an average property price of Rs 13,900 per square foot, is gaining prominence as an 'affordable premium' real estate hub. Its competitive pricing positions it as a significant alternative within Gurugram's luxury market. Magicbricks notes a significant user base and services including home loans and interiors.

The New Gurugram housing market has emerged as a hotspot for affordable premium real estate, with an average price of Rs 13,900 per square foot, according to Magicbricks. Positioned as a compelling alternative in Gurugram's broader luxury real estate scene, New Gurugram offers competitive pricing and premium property options.

A statement released on Thursday by the real estate portal Magicbricks highlighted New Gurugram's appeal as a cost-effective option, with the average residential property rate at Rs 13,900 per square foot and a typical ticket size of Rs 2.6 crore. Premium properties above 2,500 sq ft are sold at Rs 16,000 per square foot in New Gurugram, compared to Rs 20,000 in Gurugram.

With monthly traffic exceeding 2 crores and over 15 lakh active property listings, Magicbricks has expanded to offer comprehensive real estate solutions, including home loans, interiors, and expert advice, indicating its strong foothold in the real estate sector.