Overview of Huda Colony, Gurgaon

Location and Connectivity

• Situated in Gurgaon, Huda Colony areas enjoy excellent links to major routes, including MG Road and NH 8. This setup makes it easy for residents.

Property Prices

• Property in Huda Colony, specifically Sector 4, generally costs around Rs. 13,523 per square foot. Sometimes you find starting prices at Rs. 11,447 per sq foot. Year-over-year, prices have surged by a notable 56.31%.

Property Types

• The area features options such as standalone houses, apartments, and builder floors.
• You can find different living types like 1 BHK, 2 BHK, and 3 BHK flats or even individual houses and villas.

Amenities and Facilities

• Residents often benefit from features like power backup, 24/7 water supply, and round-the-clock security.
• Many living spaces sit in secure gated communities with CCTV/video surveillance and other safety measures.

Infrastructure and Proximity to Essential Services

• The area provides easy access to several schools like Our Lady of Fatima Convent Senior Secondary School, DAV Public School, and Kendriya Vidyalaya NO. 1.
• Nearby hospitals include Cloudnine Hospital, Kalyani Hospital, and Prem Nath Hospital.
• Various bus stops, gyms, restaurants, and popular markets such as R Mart and Freshlee are also close by.

Impact of Recent Regulatory Changes

• The decision by the Department of Town and Country Planning (DTCP) to hike the Floor Area Ratio (FAR) rates by 20% will raise construction costs for bigger projects. Expect these costs to bump up property prices. Developers often pass on higher expenses to buyers.

Market Trends

• Right now, Huda Colony is seeing robust property market growth. Rates have jumped up 56.31% year-over-year. The signs indicate that now could be profitable for both buying and selling.

PropertyWala's Conclusion

Huda Colony in Gurgaon is showing promise as a real estate hotspot. Its good connections, rising property values, and various amenities make it stand out. Potential buyers need to watch out for the new increase in FAR rates, which might nudge up property prices. If you're an investor, the area’s strong growth rates offer a compelling choice. Renters will find diverse property types and necessary services and amenities, making it an appealing spot. Eventually, Huda Colony caters well to both potential investors and those seeking a cozy place to live.