Overview of Sector 47, Gurgaon

Location and Connectivity

Sector 47 in Gurgaon is placed strategically right off the Gurgaon-Sohna Road (NH-248A), providing a straight link to the Delhi-Ajmer Expressway (NH-48). This spot is close to major arterial roads like Vikas Marg, Netaji Subhash Marg, and Satpaul Mittal Marg. Businesses benefit from easy access to top business parks on Golf Course Extension Road and Sohna Road. Plus, a new metro station on the Yellow Line’s Millennium City Centre-Cyber City route will boost convenience even more.

Property Types and Prices

• Apartments: You can find these priced at an average of ₹12,450 per square foot. Prices typically range from ₹10,650 to ₹19,650 per square foot.
  • Recent value changes: prices have gone up by 13.2% in one year, 62.7% over the last three years, and 63.8% in the last five years.
• Builder Floors: Prices fluctuate between ₹10,100 to ₹14,050 per square foot.
  • Recent price hikes: 21.0% in the last year, 52.2% in the last three years, and 80.6% in five years.
• Land/Plots: Prices generally range between ₹26,000 to ₹31,400 per square foot.
  • Value growth: 25.2% in the last year, 72.1% in the last three years, and a tremendous 107.5% over five years.

Infrastructure and Amenities

• Road Quality and Market Connectivity: Excellent road conditions and strong market connections are standout features.
• Shopping and Banking Facilities: Easy access to groceries, shopping malls, and bank services.
• Healthcare: CK Birla Hospital is nearby.
• Recreational Facilities: Places like Shriram Dhaba, Banni Square, V Club, Raja PG, and Nirvana Patio Cricket Club are close by.

Challenges

• Parking and Garbage Collection: Residents gripe about the lack of parking spots and subpar garbage collection.
• Waterlogging: During heavy rain, flooding is common due to its low elevation.
• Education: The region lacks excellent schools and colleges nearby.

Rental Insights

• Affordable Properties: Rental values under ₹30,000/month are available.
• Mid-Segment Properties: Monthly rents from ₹30,000 to ₹45,000.
• Premium Properties: Rentals cost more than ₹45,000/month.

Popular Projects

• Unitech Uniworld Gardens: Noted for strong price growth with a Year-on-Year (YOY) increase of 24.7%.
• IRWO Westend Towers: Another noteworthy project with significant YOY growth at 26.6%.
• Unitech Uniworld Gardens 2: Showing a YOY boom of 45.9%.

PropertyWala's Conclusion

Sector 47 in Gurgaon is a noteworthy opportunity in real estate, showing big price jumps across property types. Despite decent connectivity and amenities, people should keep an eye on issues like parking, garbage collection, and waterlogging. The area is a great fit for those looking for high-end properties with its builder floors and residential apartments. But it's important to think carefully before making an investment call in this area.