IMT Manesar, Gurgaon Overview

Location and Development

IMT Manesar is in Gurgaon, Haryana, part of the National Capital Region (NCR). It shifted from a main industrial hub to a mixed-use area with residential, commercial, and industrial growth.

Property Types and Configurations

• The place offers many property options – apartments, villas, independent houses, and land in different sizes and types.
• You can find luxurious apartments, gated communities, and independent houses. These cater to various groups like young professionals and families.

Property Rates

• Average flat rates in IMT Manesar are around ₹5,850 per square foot, varying from ₹5,200 to ₹7,850.
• In Sector 1, flat rates are around ₹6,300 per square foot, ranging from ₹6,450 to ₹7,900.
• Land rates stand between ₹11,100 to ₹12,300 per square foot.

Price Trends and Appreciation

• Properties here appreciate quickly:
  • Flats grew by 42.7% in the past year, 67.1% in 3 years, 53.9% in 5 years, and 42.7% in 10 years.
  • Sector 1 flats rose by 61.5% in the past year, 90.9% in 3 years, 88.1% in 5 years, and 51.8% in 10 years.
  • Residential properties have grown by 15-20% yearly in recent years.

Rental Options

• Tenants can choose from 1, 2, or 3 BHK flats, independent houses, builder floors, and commercial spaces like office areas, warehousing, and industrial plots.

Infrastructure and Amenities

• The place has modern facilities, including parks, green areas, and safe environments in projects like DLF’s Garden City and Tata Housing's New Haven.
• Great connectivity is another highlight, making it ideal for residents and businesses alike.

Pros and Cons

Pros

• The strategic location in the NCR helps with quick access to key cities and industrial centers.
• A variety of dwellings and business sites are available, meeting varied needs and budgets.
• Prices have steadily climbed, making it a good long-term investment.
• The area enjoys steady infrastructure progress, boosting livability and business atmosphere.

Cons

• Rapid growth helps but can cause issues like noise and traffic surges during building phases.
• Some sectors have high prices, potentially making it unaffordable for certain buyers.

PropertyWala's Conclusion

IMT Manesar, Gurgaon stands out for both buyers and renters. Its strategic spot, diverse property offers, and rising prices make it an appealing choice to invest or live in. With strong infrastructure and mixed-use growth, it offers convenience, affordability, and investment value. However, buyers should check current prices and development activities. IMT Manesar is a hopeful spot blending ease, cost-effective living, and lasting investment chances.