Overview of Sector 62, Gurgaon

Location and Amenities

Sector 62 in Gurgaon is a well-developed area featuring a wide range of amenities. You can find various schools nearby, including Heritage Xperiential Learning School, C.G.S International School, and The Venkateshwar School.

• Hospitals: Residents have access to hospitals like Indira Gandhi Eye Hospital, Swastik Hospital, and Marengo Asia Hospitals.
• Supermarkets and Shopping: The neighborhood includes supermarkets and stores such as Honey Money Top, US Dollar Store, and Modern Bazaar.
• Restaurants and Dining: Many dining options are available including Baan Thai, Om Sweets & Snacks, and Houz Cafe Bar.
• Fitness and Leisure: There are gyms and fitness centers like Excellence Gymnastics, BootCamp YELLOW PERFORMANCE HUB, and All Time Fitness Gurugram.

Property Prices and Trends

• Average Price per Sqft: The average cost of properties in Sector 62 stands at Rs. 19,423 per sq ft. Property prices are on a year-over-year increase by 17.86%.
• Price Range: Prices range from Rs. 10,411 per sq ft to ₹29,000 per sq ft.
• Configurations and Prices:
  • 1 BHK: Rs. 12,600 - 15,000 (303-361 sq ft).
  • 2 BHK: Rs. 33,300 - 62,700 (802-1508 sq ft).
  • 2.5 BHK: Rs. 62,700 (1508 sq ft).
  • 3 BHK: Rs. 78,500 - 107,500 (1890-2588 sq ft).
  • 3.5 BHK: Rs. 82,900 - 101,800 (1996-2450 sq ft).
  • 4 BHK: Rs. 99,300 - 168,800 (2390-4063 sq ft).

Rental Market

• Rental Rates: Renting furnished apartments in Sector 62 usually ranges ₹15,000 to ₹41,000 per month:
  • 1 BHK: ₹15,000 - 25,000 (303-350 sq ft).
  • 2 BHK: ₹17,000 - 35,000 (606-1300 sq ft).
  • 3 BHK: ₹25,000 - 41,000 (700-1500 sq ft).

Demand and Supply

• Demand and Supply Dynamics: Most renters and buyers prefer apartments. Currently, there is a high demand and availability, with 79% demand and 96% supply for apartments. It's also worth noting the demand for configurations like 3 BHK and 4 BHK.

Infrastructure and Projects

• Residential Projects: One of the notable projects is Royal Green Heights, a gated community covering 5.78 acres, with 5 high-rise towers. This project, however, is fully booked.

PropertyWala's Conclusion

Sector 62 in Gurgaon is an appealing locale, brimming with amenities. It attracts both renters and buyers thanks to its robust real estate market. With its diverse property configurations and a strong rental market, this area is poised to satisfy various preferences and budgets. The access to schools, hospitals, supermarkets, and other conveniences boost its charm. Still, to take advantage of these advantages, people should keep a close watch on the market, considering the high demand and differing supply levels.