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Property prices in Gurgaon drop by 50% after the name change to Gurugram

13, Apr 2016 By Sandeep Kadian

Gurgaon Gurugram: Residents of Gurgaon Gurugram were in for a pleasant surprise this morning when the property prices crashed by as much as 50%. The dream home is set to be a reality for many people now as the prices of plots, flats and houses nosedived after Gurgaon was renamed Gurugram.

Gurgaon
Gurgaon, sorry, Gurugram Junction

Earlier yesterday, Haryana Government decided to rename Gurgaon to Gurugram and Mewat to Nuh. This has been done to bring people closer to the ‘rich heritage’ that these places once had.

Speaking to Faking News, a property dealer from Sector 14, Gurgaon Gurugram said, “Bhaisaab all the buyers disappeared suddenly yesterday afternoon. Initially we thought Jats are blocking all the roads again so everyone is rushing home but we later came to know that nobody wants to buy a house in a place called Gurugram as it reminded them of an ashram and who will pay 5 Crores for a flat in an ashram.”

After the total disappearance of buyers, an urgent meeting of all the builders and property dealers in Gurgaon Gurugram was called at Tau Devi Lal Stadium in the city where they brainstormed for over 2 hours and eventually decided to cut the property prices by 50%.

“As it is the competition was intense in this field with more property dealers in Haryana than the number of flats available. Attracting buyers required great skill. Now, along with convincing people to buy a house through our property agency, we have to convince them to buy a house in Gurugram too. This decision has really made life hard for us”, moaned Ravindra Singh, a property dealer from Jharsa village in Gurgaon Gurugram.

However, it is proving a hard sell so far. Rohit Sharma, a software engineer said speaking to Faking News, “Bhai they were calling Gurgaon the Millennium City so I was willing to buy a house here and live in a place called the Millennium City. Now with Gurugram, it sounds as if Amitabh Bachchan will appear out of nowhere and start lecturing us on Parampara, Pratishtha, Anushashan. I would much rather take a flat in Noida so that I can at least experience the adventure of living in UP.”

Meanwhile, Congress has criticised this move by BJP Government claiming that it is just a ploy of BJP to depreciate assets of Mr. Robert Vadra