Overview of Sector 4, Karnal

Location and General Information

Sector 4 in Karnal, Haryana, is a well-developed residential area. It offers a mix of housing options that make it an attractive choice for both buyers and renters.

Property Prices and Trends

Average and Starting Prices

• The average price for properties in Sector 4 is Rs. 7,310 per square foot.
• The lowest prices start at Rs. 5,621 per square foot, while the most expensive properties reach Rs. 9,000 per square foot.

Year-over-Year (Y-o-Y) Price Trend

• Property rates have fallen by 15.75% over the last year. This indicates a potential buyer's market.

Types of Properties Available

Residential Units

• The area includes a variety of residential properties such as:
  • Flats and Apartments, available with different configurations, priced between Rs. 5,621 and Rs. 9,000 per square foot.
  • Independent Houses and Builder Floors, suitable for various budget ranges.

Land and Plots

• Residential plots and land also come on the market, with prices varying by location and size. For instance, plots in Housing Board Colony and Parsvnath City are priced from ₹11,853 to ₹6,276 per square foot.

Market Segmentation

Price Ranges for Sale

• Around 33% of properties for sale lie between ₹20 Lac and ₹40 Lac.
• Another 33% lie between ₹40 Lac and ₹60 Lac.

Rental Options

Rental Prices

• Renters can find options like 1 BHK Independent Builder Floors and other residential properties. Rental prices begin at ₹5,200 per month plus deposit.

Amenities and Infrastructure

General Infrastructure

• Sector 4 enjoys well-developed infrastructure with good roads, utilities, and essential amenities. This makes living there quite comfortable.

PropertyWala's Conclusion

In summary, Sector 4 in Karnal provides a balanced real estate market with diverse options for buyers and renters. Despite the Y-o-Y decline in prices, it remains a favorable time for buying. Potential buyers should consider the area's overall growth prospects. For renters, the range of affordable residential options strengthens the locality’s appeal. To conclude, Sector 4 stands as a viable choice for those planning to invest or live in Karnal.