The introduction of Haryana RERA has significantly influenced property prices in Gurgaon by enhancing market transparency and accountability. The Haryana RERA regulations, which came into effect in July 2017, have enforced strict compliance among developers, ensuring timely project completion and protecting the interests of homebuyers​​.

One of the primary impacts of Haryana RERA on property prices in Gurgaon is the stabilization of the market. The authority mandates that developers disclose comprehensive project details, including timelines, approvals and financials, which has reduced instances of project delays and financial mismanagement. This transparency has increased buyer confidence, leading to a more stable demand-supply equilibrium in the real estate market​​.

Additionally, the requirement for developers to deposit 70% of the funds collected from buyers into an escrow account has minimized the diversion of funds to other projects, ensuring that the money is used specifically for the intended project. This has led to timely project completions, further boosting buyer trust and stabilizing prices​.

While the increased regulatory compliance has added to the operational costs for developers, leading to a slight increase in property prices, the overall effect has been beneficial. The assurance of timely delivery and reduced risk of project delays has made buyers more willing to invest, supporting a healthy price appreciation in the Gurgaon real estate market​.