Overview of Sector 3, Gurgaon

Sector 3 in Gurgaon stands out as a well-developed and popular area packed with residential, commercial, and social amenities, positioning it as an appealing choice for both homebuyers and renters.

Property Prices and Trends

• Average Price per Sqft: In Sector 3, the average cost per sqft of property stands at about ₹9,266, with prices starting from ₹4,855 to ₹13,281 per sqft.
• Year-over-Year Growth: Property rates have seen a sharp increase, up by 44.56% over last year, signaling a robust and escalating real estate market.
• Quarter-over-Quarter Changes: The most recent data reveals a steady surge in property rates, with a 3% growth from the Oct-Dec '23 to the Jan-Mar '24 quarters.

Types of Properties Available

• Apartments: We find many configurations like 2 BHK and 3 BHK apartments. You may need to factor in a budget that might range from ₹90.4 lakhs to ₹1.5 crore for a 2 BHK flat or get the specifics for larger 3 BHK units.
• Independent Houses: Slightly fewer in number, compared to the bustling apartment market.

Rental Market

• Rent Ranges:
  • 2 BHK Flats: ₹16,450 to ₹40,000 per month.
  • 3 BHK Flats: Typically between ₹26,000 to ₹56,000 per month.
• Amenities: Commonly found facilities include multiple wardrobes, gas connections, microwaves, fridges, and parking spaces.

Location and Accessibility

• Pin Code: The area is tagged with pin code 122006.
• Landmarks and Facilities: Close to educational institutions like Narayana School and numerous residential projects, including Bestech Park View Residency, making access to amenities seamless.

Investment and Living Prospects

• Growth Potential: This locality boasts consistent growth in property prices, rendering it advantageous for both early and long-term investments.
• Quality of Life: A well-developed infrastructure, close to schools, and numerous amenities provide a high standard of living for residents.

PropertyWala's Conclusion

Sector 3 in Gurgaon offers a dynamic real estate scene, drawing both investors and rent seekers alike. With its steady year-on-year growth, variety in property types, and top-notch amenities, it emerges as a prime spot for people aiming to either invest or live in a well-facilitated and centrally located area. Given its persistent price trends, anyone looking to buy or sell is likely to find this a profitable venture.