1. Increase in demand: Gurgaon is a rapidly developing city and has seen a significant increase in demand for real estate due to factors such as population growth, job opportunities, and infrastructure development. Gurgaon Property
2. Limited supply: The supply of property in Gurgaon is limited, which has led to an increase in prices due to high demand. Gurgaon Property
3. Infrastructure development: The government’s focus on infrastructure development in Gurgaon has led to an increase in property prices as the city becomes more attractive to investors and home buyers. Gurgaon Property
4. Connectivity: Gurgaon has excellent connectivity to other parts of the National Capital Region (NCR) and the rest of the country, which has made it an attractive destination for businesses and professionals. Gurgaon Property
5. Rising land prices: Land prices in Gurgaon have risen significantly in recent years, which has led to an increase in the cost of new construction and a corresponding increase in property prices. Gurgaon Property
6. Economic growth: Gurgaon’s economy is growing rapidly, which has led to an increase in the number of high-paying jobs and an increase in demand for housing. Gurgaon Property
7. Increase in foreign investment: Gurgaon has seen an increase in foreign investment in recent years, which has led to an increase in property prices.
8. Increase in Residential Projects: Many Builders and Developers are coming up with new residential projects in the city to cater to the demand of the people.
9. Developing into an IT hub: Gurgaon is rapidly developing into an IT hub, which has led to an increase in the number of high-paying jobs and an increase in demand for housing.
10. Government policies: Government policies such as the Real Estate Regulatory Act (RERA) and the Goods and Services Tax (GST) have led to an increase in transparency and accountability in the real estate market, which has led to an increase in property prices.

In summary, property prices in Gurgaon have risen due to a combination of factors such as increased demand, limited supply, infrastructure development, connectivity, rising land prices, economic growth, foreign investment, residential projects, IT hub, and government policies.