Sector 88 in Gurgaon: The Essentials

Location and Connectivity

Sector 88 in Gurgaon boasts strategic positioning, flanked by the Dwarka Expressway, Sector 86 road, and Pataudi road. This locality is neighbors with sectors like 89, 88A, 88B, 36B, and Phase 2 of Greenopolis. The end result? An area well-connected.

Property Prices

• Sector 88's average property price ranges from ₹7,333 to ₹12,333 per square foot. This reflects high demand and ongoing appreciation.
• For exact costs, a 1 BHK flat can cost ₹38.3 lakhs to ₹44.1 lakhs. On the other hand, a 2 BHK flat's price varies depending on the builder and other factors.

Property Types and Projects

• The sector includes various residential property types. We are talking about apartments and plots here.
• Most popular are 2 BHK and 3 BHK apartments.
• Many large projects by well-known builders like Tulip Infratech, Signature Global Group, M3M India, Orris Infrastructure, and NBCC India Ltd. Some famous ones include The Centre Court, Tulip Ace, The Leaf, City of Dreams, and Godrej Air.

Rental Market

• Rent rates here range from ₹15,000 to ₹25,000 per month. Makes it wallet-friendly for young professionals and families.
• This appeal comes from its closeness to key employment hubs and schools.

Infrastructure and Employment Hubs

• Improved infrastructure and connectivity in Sector 88 boost its advantages.
• Close by are several prominent business districts and corporate parks, turning Gurgaon into a major commercial hub.

Price Trends and Appreciation

• Property prices here have steadily climbed over time.
• Seeing a big jump in property values with flat rates up by 50% in just one year, 96.5% over the last three years—and an impressive 77.6% over the last decade.

Pros and Cons

Pros

• Strategic Placement: Sector 88 connects to main employment hubs, educational spots, and key routes like the Dwarka Expressway.
• Growing Demand: Consistent demand drives stable price increases.
• Reasonable Rent: Affordable rental rates appeal to young professionals and families alike.
• Reputable Projects: Top builders like Tulip and others bring quality developments.

Cons

• High Property Costs: While rentals are affordable, property prices can be steep.
• Dependency on Infrastructure: Future value and living standards hinge on new infrastructure projects.

PropertyWala's Summary

Sector 88 in Gurgaon is great for both buyers and renters because it's well-placed, growing well, and showing steady increases in property value. Mix of affordable rentals and quality apartments cater to young professionals and families. However, buyers should consider infrastructure projects and their potential effect on property value. Sector 88 looks like a solid investment with good chances for long-term growth.