Overview of Sector 55, Gurgaon

Location and Connectivity

Sector 55 in Gurgaon finds itself at the crossroads of Golf Course Road and its expansion road. Connected directly to key business hubs like DLF Cyber Hub (9 km away) and the Faridabad-Gurgaon Road (2 km away), the sector benefits greatly from the nearby Sector 55/56 Metro station. This station is only 1 km away, linking to Sikanderpur on the Delhi metro's Yellow Line, ensuring seamless access to Delhi.

Infrastructure and Amenities

Sector 55 is well-equipped with important facilities. Families can easily find renowned schools such as Heritage International Xperiential School, Ambience Public School, IILM University, and Park Lane School of Management and Research. Health needs are covered by Indrashila Hospital and CK Birla Hospital. For shoppers and those looking for entertainment, malls like Raheja Mall and Paradise Mall are nearby.

Property Rates and Trends

• Starting prices in Sector 55 begin at Rs. 6,349 per square foot. The average price hovers around Rs. 11,562 per square foot. The top-tier properties can reach up to Rs. 49,658 per square foot.
• Property rates have appreciated in the past, but last year saw a drop of 21.93%.

Types of Properties

• Apartments: Options range from 1 BHK to 4 BHK. Prices generally stand between Rs. 10,650 to Rs. 10,900 per square foot.
• Independent Houses and Villas: These are available too, with prices averaging Rs. 10,700 to Rs. 10,750 per square foot.
• Builder Floors: These options provide various configurations and amenities.

Rental Market

Rents can vary from ₹18,000 to Rs. 1 lakh monthly, depending on the property type and size. Specifically, a 1 BHK flat might cost ₹36,000 to ₹40,000 per month, whereas a 4 BHK flat can go up to ₹75,000 per month.

Employment and Job Market

The location is near many multinational companies, IT parks, and corporate offices on Golf Course Road. This proximity makes it a prime residential area for working professionals.

Challenges

Despite its many benefits, this sector also faces a few issues:

• Water Supply Problems: Many residents depend on water tankers due to unstable water supply.
• Power Issues: Inadequate power infrastructure results in frequent outages and high electricity bills.
• Safety Concerns: People here have voiced concerns about rising theft and burglary cases.

PropertyWala's Conclusion

Sector 55 offers a mix of residential comfort, convenient connectivity, and premier amenities. There are plenty of opportunities for property investors and renters thanks to various property choices. Nevertheless, future occupants should keep an eye on the ongoing infrastructure challenges. Thanks to its strategic location and rising property rates, it remains a worthwhile choice for real estate investment in Gurgaon. Always remember to thoroughly evaluate the exact property and its conditions to guarantee a pleasant living experience.