Real Estate Growth Continues In Gurgaon, Albeit At A Slower Pace, According to the QGAPI
By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Fri Jan 26, 2007 at 08:13:24 AM EST
The growth story of Gurgaon's Real Estate market continues, but the pace in the last six months has slowed to almost half compared to the six months prior to them.
(Click on image to see enlarged version)
- The QGAPI (Qubrex Gurgaon Apartment Price Index) calculations, as shown in Figure above, now stands at 1876 with it being 1000 in October 2005.
- The growth over the most recent 3 months was 14% compared to 26% growth seen from April 2006 to June 2006. The index has been calculated by weighting all properties in the basket equally.
The index was calculated based on 17 properties in Gurgaon. The properties included in the index
- represent all major builders,
- are both ready-to-move and under-construction,
- are from all areas (Golf Course Road, Sohna Road, Nirvana, NH8 and Old Gurgaon),
- range in sizes from 1586 to 3850 sq.ft, and
- evenly fall across the budget spectrum.
The calculations are shown in a table (scroll down below the image to see the table) here Spreadsheet For Calculation of QGAPI. To obtain an Excel sheet of the above please write to Qubrex@gmail.com Comments and discussions on improving the index are invited.
