Top 10 areas in Gurgaon to buy a property

[ecis2016.org] Check out the latest list of top localities in Gurgaon, based on the search trends on ecis2016.org

Gurgaon (or Gurugram) is presently witnessing a lot of demand from home buyers and investors, owing to the upcoming connectivity through Dwarka Expressway. This soon-to-be operational infrastructure, has given way to anticipation of price rise and capital returns. Moreover, as Gurgaon is a major employment hub of north India, it attracts skilled and educated workforce from across India. This has made investors enter its real estate market, to earn attract rental returns. Similarly, NRI buyers also seek property options in Gurgaon, since the region offers quality constructions from some of the reputed developer brands. To help you sort out your next home-buying destination, here is the list of top localities in Gurugram, compiled on the basis of search trends on ecis2016.org.

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Sector 52

According to ecis2016.org data, this is the most popular locality in Gurgaon. The major benefit of this locality, is its property options which are comparatively affordable, as compared to other established areas of the region. Its connectivity with Golf Course Road and Sohna Road, makes it a preferred destination for investors who want to earn rental income from their property investments. The presence of a number of residential colonies in the area, has given way to the development of commercial and retail hotspots, which makes it a complete family destination. According to ecis2016.org data, average property prices in Sector 52 is Rs 7,032 per sq ft.

Sector 57

This is another area that lies along the Golf Course Extension Road and is a preferred destination for end-users working in Gurugram. This location has easier access to the Faridabad-Gurugram Road, as well as sector 55-56 metro station. This area has a number of independent floor options, along with multi-storey apartments. The area has projects from some of the most reputed brands, which makes it the obvious choice for investors. According to ecis2016.org data, average property prices in Sector 57 is Rs 8,661 per sq ft, while rental returns are in the range of Rs 25,000 – Rs 30,000 per month.

Sector 48

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Sohna Road is one of the popular real estate corridors of Gurugram and Sector 48 is one of the upfront locations here, which has attracted a lot of investments in the past, from end-users, as well as investors. A number of residential projects in the area offer villa options, which is one of the USPs of this corridor. There are few luxury projects as well, spread over a large tract of land, offering spacious apartments, as well as branded residences. This makes it one of the most-expensive areas to rent a home. According to ecis2016.org data, average property prices in Sector 48 is Rs 8,562 per sq ft. Average rental returns here are around Rs 47,880 per month.

Sector 47

This is another locality along the Sohna Road corridor that has gained popularity, because of its social infrastructure. A number of projects have come up here, which offer independent floors and villa options. Sector 47 is also counted as one of the developed localities of Gurugram, where prices are on the higher side. According to ecis2016.org data, property prices in Sector 47 are in the range of Rs 9,956 per sq ft. Rental returns are around Rs 28,482 per month.

Sector 67

Sector 67 is also located along Sohna Road and is emerging as one of the mid-segment real estate markets of Gurugram. Due to its connectivity with Golf Course Extension Road, the area is in huge demand from home buyers, as well as investors. The Southern Peripheral Road (SPR) connects this area with the Gurugram-Faridabad Road, which is a key connectivity option for commuters traveling to Delhi. The nearest metro station is Sector 55, which lies on the Rapid Metro corridor. According to ecis2016.org data, average property price is Rs 7,179 per sq ft. Price trends in Sector 67 show the average rental returns are approximately Rs 37,042 per month.

Sector 49

A little away from Sector 48, this area has a number of office buildings. Most of the housing options here are private developments in the resale category. The area is popular due to its social infrastructure and proximity to employment hubs. Investors seeking rental returns find Sector 49 lucrative, since the property prices here are comparable to other developing localities but the rentals have risen due to job opportunities nearby. According to ecis2016.org data, property prices in Sector 49 stand at Rs 9,717 per sq ft and the rental returns are around Rs 30,000 – Rs 35,000 per month.

Sector 110

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Located just along the upcoming Dwarka Expressway, this is one of the upcoming real estate hotspots in the region, as a number of new projects are coming up in this area. Since this area lies adjacent to the Delhi-Dwarka border, it is getting special preference from developers. At present, most of the projects are in the under-construction stage and the ones which are completed have low occupancy. According to ecis2016.org data, average property prices in Sector 110 is Rs 4,668 per sq ft and the average rent is Rs 10,652 per month.

Sector 70A

This is another upcoming locality in Gurgaon, located close to the SPR. A number of new residential projects are coming up in this area, offering apartments in high-rise buildings. Some projects have luxury villas, a major selling point of this locality. Due to its connectivity to the Sohna Road and the SPR, the area has gained preference from people who have offices in the neighborhood or at Golf Course Extension Road.

Sector 84

Sector 84 is located next to the Manesar toll plaza, on NH48 and has a number of ready-to-move-in projects in its vicinity. This locality serves as a key connecting point for people going towards Dwarka Expressway from the Delhi-Alwar Road. However, the arterial roads and sector roads are not complete, which makes the connectivity a bit of a hassle. According to ecis2016.org data, average property prices in Sector 84 is Rs 6,797 per sq ft and the average rent is Rs 17,620 per month.

Sector 51

This is a popular locality in Gurgaon, known for housing some of the nicest residential colonies in the region. It is a prime location and is preferred by renters and end-users, alike. All amenities are available in the vicinity, including shopping complexes, connectivity via wide roads and employment hubs, including Udyog Vihar. There are multi-storey apartments, as well as independent housing options in the area, which make it a perfect match for all home buyers. According to ecis2016.org data, average property prices in Sector 51 are Rs 7,949 per sq ft, whereas the average rent is Rs 27,953 per month.

Price trends in Gurgaon

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