Leading Areas To Invest in Gurgaon
While connection, affordability, and facilities are important concerns for purchasers when purchasing a property, investors also examine the scope of returns on their investments. In this blog we have analysed the rental yield and price gains in several Gurgaon neighbourhoods over the previous three years, and these sectors identified as the best places to invest in Gurgaon.
Gurgaon, Sector 49
Sector 49, which is located on the Gurgaon-Sohna Road, is home to various residential flats and independent floors. Omaxe, Eros Group, and Vatika Group are among the developers who contribute to the area’s housing supply, with typical home costs averaging around Rs 9,200 per sq ft. Monthly rent for a semi-furnished 2 BHK home in this mid-segment neighbourhood averages Rs 25,000. Direct connectivity to DLF Cyber City and Udyog Vihar, two of Gurgaon’s most viable business centres, boosts home interest in Sector 49. As of Q1 2022, the neighbourhood saw a 10% YoY increase in property prices and a 3% annual rental return.
Gurgaon, Sector 50
Sector 50 in Gurgaon is a prominent residential area with better accessibility to main business zones across Golf Course Road (GCR), Golf Course Extension Road (GCER), and Sohna Road. The combination of appropriate social equipment and strong interconnectivity in the region has resulted in rapid residential growth. Home prices in the micro-market have risen by about 12% year on year and 17% in the previous three years, with an average price of Rs 8,900 per square foot. The inventory supply is dominated by independent builder floors, trailed by flats in gated communities. In January-March 2022, the region generated an annual rental yield of roughly 3.1 percent.
Gurgaon, Sector 70
Sector 70 is a developing industry that provides convenient infrastructure and substantial housing stock at reasonable pricing. The area is located along the Southern Peripheral Road (SPR) and provides convenient access to job centres on Sohna Road and Golf Course Road. It is renowned with both, working people wanting to rent and families wishing to buy a house in Gurgaon. According to report listings, 3 BHK flats account for a large portion of the sector’s marketable capacity, with prices lingering around Rs 7,000 per sq ft following a 12% YoY increase.
Gurgaon, Sector 72
“The location is located beside SPR and is within one mile of National Highway (NH) 48,” says Chandan Mishra, Dealer, Axiom Properties, Gurgaon, of Sector 72. The area’s rental demand is boosted by its excellent connections. The neighbourhood is flooded with 4 BHK flats that individuals living in couples may easily rent. It is a high-end neighbourhood, with typical monthly rents for 2 BHK flats beginning at Rs 24,000.” “The industry has experienced roughly 20-25 percent spike in pricing in the previous five years, which are around Rs 9,900 per sq ft,” Chandan said. The rental yield in the area is roughly 2.4 percent year on year.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
