[ecis2016.org] Sector 46, located in Gurgaon is primarily a residential area. Sector 46 real estate has seen a fluctuation of prices in recent times but there is scope for growth in the future
Gurgaon, one of the most important industrial and financial hubs of our county has impacted the residential real estate market in a positive way. Moreover, with Delhi not being able to provide enough space for further development, this resulted in the expansion of residential areas like Sector 46, where property prices are affordable and lower than the capital of India.
You are reading: Gurgaon Sector 46 property market: An overview
There has been high demand for flats in Gurgaon Sector 46 owing to its proximity to commercial hubs. The locality is very well-planned, along with good civic and social infrastructure. The major landmark in Sector 46 is the Amity Group’s school and university, as well as the Gurgaon Smile & Wellness Hub, which is the best dental clinic in whole of Gurgaon. The National Highway 8 is close to Sector 46, which provides connectivity of the locality to the other parts of Gurgaon and Delhi. The investors tend to buy apartments in Sector 46 for its location and the peaceful surroundings. The top builders of Sector 46 include Unitech and Reputed Builder, who have launched various projects in Sector 46 from budget, to mid-range and luxurious properties. The apartments and independent houses in Sector 46 are either redeveloped or new constructions. Sector 46 is divided into blocks and the 2 major colonies are Huda Colony and Residency Green. The property prices have seen a depreciation of 2 % in the last one year. However, because of the presence of education institutions and hospitals, the rental market seems to be doing well, with a price appreciation of 6% in recent times. Nearby localities of Sector 46 are Sector 51, Sector 47, Jharsa Village, Sector 45 and Saini Pura.
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Connectivity with nearby Gurgaon Sector 46 localities
- The Gurgaon railway station is 10 kilometres away.
- The Indira Gandhi International Airport is about 20 kilometres away.
- The major bus stations of the locality include Samaspur, Sector-46 Chowk and Jal Vihar.
- The National Highway 8 is 8 kilometres away from Sector 46.
- The Huda City metro station is 4 kilometres away.
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Employment hubs near Gurgaon Sector 46
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Sector 46 is well-linked with the Gurgaon and Delhi’s commercial hubs via the National Highway 8. Other than that, the locality has its own commercial area which includes banks, education institutes, retail stores and hospitals.
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Read also : Future of REITs in India and its impact on the commercial real estate sector
Sector 46 provides a very well-developed social infrastructure. The sought-after schools in Sector 46 include Amity Global School Gurgaon and Manav Rachna International School. Leading hospitals in Sector 46 include Suryadeep Hospital and the Gurgaon Smile & Wellness Hub. The Popular malls in Sector 46 include Good Earth City Centre and MGF Metropolitan Mall.
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Physical infrastructure in Gurgaon Sector 46
Sector 46 has decent demand of apartments, individual houses and plots. The proposed metro expansion between Dwarka and Gurgaon, might impact the prices of real estate in Sector 46.
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Read also : Future of REITs in India and its impact on the commercial real estate sector
Price trends in Sector 46
- Price appreciation – (-2%) over the last one year.
- Current property rates – Rs 5,513-Rs 8,809 per sq ft.
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Reasons to invest in Gurgaon Sector 46
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The price trends in Sector 46 indicate depreciation of property prices over the last one year. The rental market of the locality is on a rise, owing to the industries and the educational institutes in close vicinity of the locality. One of the major issues of this area is frequent power cuts, which can go up to 8-10 hours. However the new residential projects are providing power backup facilities. It is not a bad idea to invest in this locality for long term, as there won’t be immediate returns but will be fruitful in the future.
Check Properties at Sector 46
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Source: https://ecis2016.org
Category: Lifestyle
