The recent social media post by X user Abhinav Kukreja on real estate developer DLF's upcoming project in Gurugram has sparked a discussion among netizens about property prices across the globe. Kukreja's post revealed that the smallest unit in the project, measuring about 9,500 square feet, is expected to be sold at ₹80,000 per square feet, making the cheapest home cost around ₹75 crore ($9 million).
Netizens have been quick to compare Gurugram's property market with that of Dubai, where similar luxury properties can be found at a fraction of the cost. A simple online search shows that in Dubai, properties in prime locations like Palm Jumeirah, Jumeirah Bay Island, and Emirates Hills can be purchased for around a quarter of the price of the Gurugram project.
The average property pricing in Gurugram stands at ₹12,000 - ₹12,900 per square feet, with the poshest locality, Golf Course Road, ranging between ₹22,500 - 27,100 per square feet. In contrast, the approximate per square feet property price in Dubai's Jumeirah Golf Estate and Arabian Ranches presently range between ₹41,196 - 45,774, while in Dubai Hills, it stands at ₹36,619 - 45,774 per square feet. The upscale localities of Emirates Hill and Palm Jumeirah have prices per square feet varying between ₹57,217 - 68,661 and ₹1,02,991 - 1,19,012, respectively.
The discussion has led many netizens to conclude that it is cheaper to buy housing abroad than in India, with some suggesting that they would invest in properties in the UK or Italy for the same price as the Gurugram project.
