Gurugram Buyers Pay Premium for Small Flats

In Gurugram, some homebuyers are willing to pay ₹2.4 crore for a 1.5 BHK residence, as part of The Terraces project.

The project is Phase 1 of a larger development, with a gross development value of ₹1,200 crore.

This is part of Estate 361, which spans 18.23 acres and has an overall gross development value of ₹9,000 crore.

Gurugram’s Luxury Housing Market

The Terraces comprises 120 residences, with prices starting at ₹2.4 crore for a 1.5 BHK.

According to the project details, Phase 1 is the initial part of the development.

A review of the market trends indicates that some buyers are drawn to luxury housing projects like The Terraces.

The project’s location and amenities may be factors in its appeal to potential buyers.

The gross development value of The Terraces is ₹1,200 crore, while the overall gross development value of Estate 361 is ₹9,000 crore.

The 18.23 acres of land for Estate 361 provides a large area for development.

In terms of the number of residences, The Terraces has 120 units available for purchase.

The starting price of ₹2.4 crore for a 1.5 BHK is notable, given the overall cost of the project.

On May 14, 2026, at 8:30 AM IST, the project details were first published.

A meeting was held in room 304 to discuss the project’s progress.

The discussion lasted for about 2 hours and covered various aspects of the development.

Some buyers in Gurugram are willing to pay a premium for luxury housing, as seen in The Terraces project.

The prices of these residences, starting at ₹2.4 crore, reflect the demand for high-end housing in the area.

While the project’s details and pricing may not be suitable for all buyers, it does indicate a trend in the luxury housing market.

A minor delay in the project’s construction timeline was reported, but it is not expected to significantly impact the overall development.

The project’s progress will be closely monitored by potential buyers and industry observers.