Right To Home PropExpo Brings The Top Localities To Buy Property In Gurugram

Gurugram is considered to be one of the most premium property markets in the country. Amid record low property values and interest rates, it makes complete monetary sense to invest in property in Gurgaon.  Rates of property currently stand at Rs 4,877 per sq ft, after undergoing significant correction in the past five years.  

Since the government in the Budget 2021 has also announced the extension of the benefits of Section 80EEA for another year, i.e., till March 31, 2022, it is also an opportune time for first-time homebuyers to invest in property. Note here that under Section 80EEA, first-time homebuyers can claim an additional discount of Rs 1.50 lakhs every year against home loan interest payment, over and above the Rs 2 lakh discount they claim under Section 24.

On top of that, Gurgaon homebuyers now have an opportunity to bag great discounts offers in PropTiger.com's upcoming Right to Home expo. In the second edition of the expo, which will conducted in India's eight prime residential markets, including Gurgaon, buyers will be able to grab attractive offers, including on-spot offers, lowest price guarantee, tailor-made payment plans, GST and stamp duty waivers, assured gold coin on bookings and home loan assistance.

Right To Home PropExpo in Gurgaon - Offline

To register for the Right to Home event and avail of attractive offers and discounts, click here.

Right To Home PropExpo in Gurgaon - Online

The expo will showcase a host of properties catering to various segments, from affordable to mid-segment to luxury housing.

The event will also provide buyers with a platform to engage with sector experts and developers to develop a better understanding of the property market and growth prospects.

As, it may become mind-boggling for a buyer to zero-in on a locality that suits him the best for buying a home. In this article, we list five most popular localities where homebuyer can look for property in Gurugram.

Sector 82

Livability index: 7.3

Average price: Rs 6,514 p er sq ft

Sector 82 is one of the emerging property markets in Gurugram and sees huge demand, because of its comparative affordability. The locality is well-connected to Bahadurgarh, Sohna and Faridabad. The locality also lies in proximity to the well-known Maruti Udyog plant.

Property profile: Sector 82 has over 14 ready-to-move-in projects. The configurations available here range between 1BHK and 5BHK. While the average price for a 1BHK unit is Rs 60 lakhs, a 5BHK unit on an average costs Rs 2.79 crores.

Sector 48

Livability index: 8.9

Average price: Rs 11,133 per sq ft

Sector 48 is among the well-established commercial property markets that is now witnessing a rise in demand for residential units, too. Lying adjacent to Sohna Road, the locality also has developed infrastructure, including schools, banks, leisure hubs and healthcare facilities.

Property profile: Sector 48 has nearly 20 projects that are ready for possession. These projects offer apartments in 2BHK, 3BHK and 4BHK configurations that are available at an average price of Rs 1.75 crores, Rs 2.23 crores and Rs 3.58 crores, respectively.

Sector 67

Livability index: 7.4

Average price: Rs 8,074 per sq ft

Sector 67 lies adjacent to Sohna Road. The locality is an emerging one and offers properties at affordable rates, when compared to established localities around it. The locality is well-connected to some of the prime commercial hubs located on Sohna Road and is also surrounded by well-established infrastructure.

Property profile: Sector 67 has 18 projects, of which 16 are ready for possession. These projects have apartments in 1BHK-4BHK configurations and their average price ranges between Rs 71.27 lakhs and Rs 2.87 crores.

Sector 54

Livability index: 9

Average price: Rs 18,519 per sq ft

Sector 54 is among the well-developed property markets in Gurugram. Known as the financial and industrial centre of Gurugram, Sector 54 houses many multinational companies. The locality is also on the Rapid Metro network.

Property profile: Sector 54 has a total of 29 projects, of which only one is under construction while the remaining 28 are ready for possession. Apartments here could be found in 3BHK, 4BHK and 5BHK configurations at an average price of Rs 4.19 crores, Rs 4.38 crores and Rs 12 crores, respectively.

Sector 57

Livability index: 8.6

Average price: Rs 6,030 per sq ft

Sector 57 is another well-established commercial real estate market, which is now witnessing rising demand for residential properties. The locality lies in proximity to Sector 56, 50 and 54, among others. The locality lies seven kms away from NH-48 and is well-connected to some of the prime markets in Gurugram.

Property profile: Sector 57 has over 20 projects, all of which are in the ready-to-move-in category. Most of the apartments here are either in 2BHK or 3BHK configurations. These apartments can be purchased for an average price of Rs 91-94 lakhs.

Note: Availability of projects and prices may change depending on market dynamics.