Overview of Real Estate in Wazirabad, Gurgaon

Wazirabad in Gurgaon has become a very popular area in the real estate market after the pandemic. This is because of various important factors.

Major Price Increase

Over the past five years, residential sections in Wazirabad, such as Aralias, have seen an enormous 350% jump in circle rates. This surprising increase shows how in-demand and fast-growing the place is.

Big Infrastructure Projects

The local area has greatly profited from big projects. The Dwarka Expressway and the Metro network expansion have improved the area's reach and convenience, making Wazirabad a great choice for both new home buyers and investors.

High Market Demand and Sales

Sales in the region are amazing. Famous builders like DLF have completed projects worth ₹20,000 crore in the last 15 months. Property units priced between ₹6 crore and ₹8 crore sold out fast, meaning people really want fancy homes in this place.

Circle Rate Changes

Property values, set by the government, are changing fast. For example, in cheaper zones like DLF 1 and Sushant Lok 1, prices have gone up from ₹65,000 per sq. yard in 2018-19 to ₹95,000 now in 2023-24. On Sohna Road, prices have also climbed by 23% since 2019-20.

Becoming Popular Hot Spots

Wazirabad and nearby places like Dwarka Expressway and Southern Peripheral Road (SPR) are getting popularity because they are close to new projects, attract corporate interest, and have many office and retail centers. This makes the area an excellent spot for both investors and people looking for homes.

Market Sections

In the primary market with new or building projects, Wazirabad and areas around New Gurgaon have gained larges every year. The secondary market with resale or rental properties also looks good, especially the Dwarka Expressway area with a 44% jump each year.

PropertyWala's Final Thoughts

For people buying or renting in Wazirabad, Gurgaon, the area is a smart choice. It offers good infrastructure, solid demand, and big value rises. Though costs and prices keep rising, this place is still attractive because of where it is and what's happening around it. Investors and future homeowners should see good growth and good investment returns, making Wazirabad a top pick in the Gurgaon real estate market.