Gurgaon Sector 24 property market: An overview

[ecis2016.org] Sector 24 is a very developed cosmopolitan suburban area, located in north-eastern Gurgaon. Hence, this region boasts of a flourishing real estate market

Approximately 70% of the population in Gurgaon Sector 24 speaks English and Hindi. The slow and gradual transformation of this region into a cosmopolitan nature, is the result of migration from other parts of Gurgaon. This has resulted in an increase in prices of Gurgaon Sector 24 real estate.

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In the past 5 years, the city has witnessed huge development. With beautiful high-rise apartments, greenery and a tropical climate, Gurgaon Sector 24 has become one of the flourishing real estate markets, particularly in the years from 2007. Sector 24 is well-connected by roads and railways. Corporation buses ply on the roads of this region. Many educational institutions, hospitals, amusement parks, banks, shopping malls, restaurants and religious places make the area a major investment magnet. With a huge scope to become an exceptionally important place for real estate development, along with various ongoing projects, Gurgaon Sector 24 promises to be a potential investment area.

Leading builders in Gurgaon Sector 24 like DLF and Konark Estates are predominantly active in the area. Therefore, there is an easy availability of 2 and 3-BHK housing units.

Connectivity with nearby Gurgaon Sector 24 localities

• Well connected to Gurgaon by metro.
• Connected through NH-48 National Highway.
• Huda City metro station is the major railway station and is located just 8.4 kilometres away from Gurgaon Sector 24.
• Gurgaon Bus Stop and Uttam Nagar Terminal are the important bus stops of this area and are convenient for travelling to nearby areas.
• Connected to Delhi, Haryana, Noida and Ghaziabad via National Highway NH-48.

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Schools in Gurgaon Sector 24 and other social amenities

Reputed schools in Gurgaon Sector 24 include Rabindranath World School, SB Public School and Ascent Public School. Some well-known colleges in Gurgaon Sector 24 are IBS Gurgaon, Bridge School of Management and CMT Gurgaon. Leading hospitals in Gurgaon Sector 24 include St Stephen’s Hospital and Neelkanth Hospital. Ambience Mall and Cyber City are among the two major shopping malls in Gurgaon Sector 24.

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Physical infrastructure in Gurgaon Sector 24

DLF Chisholm Apartments, DLF Belvedere Towers, Ambience Pvt Ltd and Ambience Lagoon are the popular and top apartments in Gurgaon Sector 24. Sector 24 is one of the fastest growing suburban areas with world-class infrastructure and amenities.

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Price trends in Gurgaon Sector 24

• Price appreciation – 6.5%.
• Current property rates – Rs 8,526 per sq ft.

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Reasons to invest in Gurgaon Sector 24

Considering the price trends in Gurgaon Sector 24 and the rising demand, the area should prove to be a good investment. Excellent social infrastructure, comparatively reasonable property prices and good connectivity are the eminent factors behind Gurgaon Sector 24’s growth. With good schools, colleges and other world-class facilities, Sector 24 is becoming a major attraction for real estate.

There are a few problems like water scarcity, especially in the summer, potholes on the roads and blockage of gutters and traffic congestion. However, with good appreciation and excellent connectivity, Sector 24 is becoming one of the best investment destinations in the city.

Check properties in Gurgaon sector 24

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Source: https://ecis2016.org
Category: Lifestyle