Overview of Sector 47, Gurgaon

Sector 47, in Gurgaon, is a lively and highly popular area. Known for its strategic positioning, wealthy neighborhoods, and a mix of residential and commercial facilities.

Property Types and Prices

• Apartments: Prices range from Rs 10,650 to Rs 19,650 per square foot. The average rate hovers around Rs 11,700 per sq ft.
• Builder Floors: Prices move from Rs 10,100 to Rs 14,050 per sq ft.
• Land: Rates are between ₹26,000 to Rs 31,400 per sq ft.
• Independent Houses: They are less common but come with rates depending on size and amenities.

Infrastructure and Amenities

• Transportation: Excellent transit system nearby major roads and accessible bus stops.
• Education: Nearby schools include DPS, SD Adarsh Vidyalaya and The Millennium School.
• Healthcare: Hospitals like Cloudnine, Park Hospital, and many clinics provide good care.
• Shopping: Popular shopping destinations are Raheja Mall, ILD Trade Centre, and many local stores like More Supermarket and D Mart.
• Recreation: Diverse restaurants, cafés, bars, and a bird sanctuary, among other entertainment spots.

Lifestyle and Community

• Residential Comfort: It offers a peaceful yet modern life with plenty of green spaces and a well-thought-out infrastructure.
• Community: It has a close-knit and friendly vibe, with a low crime rate. It attracts families and professionals alike.
• Amenities: Access to gyms, yoga studios, along with numerous entertainment choices like concerts, comedy shows, and art shows.

Real Estate Trends

• Price Appreciation:
  • Flat rates increase by 6.4% in 1 year, 52.9% in 3 years, 53.9% in 5 years, and 25.8% in the last 10 years.
  • Builder floor prices go up by 21.0% in 1 year, 52.2% in 3 years, and 80.6% in 5 years.
  • Land rates rose by 25.2% in 1 year, 72.1% in 3 years, 107.5% in 5 years, and 185.1% in 10 years.
• Demand and Supply: High demand exists for apartments and builder floors, especially for 3 BHK setups.

Rental Market

• Rental Options: There are many choices including 1, 2, 3 BHK flats, builder floors, and individual homes. Prices range from ₹ 7,500 to ₹ 110,100 monthly according to the setup and features.
• Furnished Properties: Options for fully furnished or semi-furnished rental properties are available.

PropertyWala's Conclusion

Sector 47 in Gurgaon, with its strong infrastructure, diverse housing, and full spectrum of amenities, stands out for both buyers and renters. Even with a higher living cost, its strategic spot, superior transit, and solid social framework make it a prime spot to live. Prices have significantly increased over the past years. Thus, it's seen as an attractive investment. While keeping in mind potential traffic jams, monsoon-time flooding, and the costs linked to upscale living, Sector 47 merges residential comfort and bustling commerce. It's a smart choice for those looking for a premium lifestyle in Gurgaon.