Gurgaon is Costliest Suburbs Among Property Price in India

Property Price in real estate is india is roaring and touches the heights of sky. A middle class person never think about to buy a home in main cities like gurgaon , Mumbai, Noida, Delhi etc.. Property price in these region are very high. Selling at rates between Rs 2,000 and Rs 4,000 per sq ft, Gurgaon (NCR), Vashi (Navi Mumbai), Rajarhat, (Kolkata), Aundh (Pune) and Koyambedu (Chennai) have the distinction of qualifying as the costliest suburbs in India.

While the going rate in Gurgaon is Rs 2,750-4,000 per sq ft, in Vashi, it ranges from Rs 2,100 to Rs 3,500 per sq ft.

The rates at Velachery, Mogappair, Gowriwakkam, Moffusil Bus Stand and Koyambedu in Chennai range between Rs 2,400-3,500 per sq ft and in Aundh and Aundh Annexe between Rs 2,300-2,950 per sq ft. Property at Rajarhat and Bhangor in Kolkata is being hawked at Rs 2,900 per sq. ft.

Says Rajiv Agnihotri, senior business analyst,"Living in the suburbs today has become more of a way of life than a fad, for most urban Indians. Keeping pace with the rise of the suburbs are the property prices, with the result that nothing is available below Rs 2,000 per sq ft in the hi-end suburbs."

Closely following the above listed suburbs are Whitefield and Bannerghatta Road in Bangalore with a rate of Rs 1,900- 2,990 per sq ft. Among Tier-II cities, while Madhapur, Manikonda, Gachibowli and Raidurg in Hyderabad are in the price band of Rs 1,450-2,100 per sq ft, Mohali is higher at Rs 1,990-2,500 per sq ft. Airoli, Juinagar and Belapur in Navi Mumbai are in the range of Rs 1,500-2,500 per sq ft.


Source://FinancialExpress