Property Rates in Sector 49 Gurgaon

Location Sales Trend: Sector-49 Price Trend Analysis

Sector-49 is a prominent location in the city, offering excellent connectivity and easy accessibility to various social and physical infrastructure. The location is known for its well-developed infrastructure, making it a preferred choice for homebuyers and investors looking for a high return on investment.

The average rate per square foot in Sector-49 has witnessed a steady increase over the past few quarters. As per the data provided, the average rate per square foot was 7001 in Q1'22, which increased to 7079 in Q2'22. The trend continued with an increase of 3.84% in Q3'22, where the average rate was 7348 per square foot. In Q4'22, the average rate further increased by 3.68% to 7619 per square foot. However, in Q1'23, the average rate witnessed a slight dip of 7.99% to 7018 per square foot.

Apart from the average rate per square foot, the number of transactions in Sector-49 has also witnessed a significant change over the past few quarters. In Q1'22, the number of transactions was 71, which decreased to 64 in Q2'22. The trend continued with a further decrease of 20.31% in Q3'22, where the number of transactions was 51. However, the trend reversed with a 3.92% increase in Q4'22, where the number of transactions was 53. In Q1'23, the number of transactions further increased by 24.53% to 66.

Overall, the price trend analysis for Sector-49 indicates a steady increase in the average rate per square foot, with a slight dip in Q1'23. However, the number of transactions witnessed a decline in the initial quarters, which later picked up in Q4'22 and Q1'23. The data indicates a positive trend for Sector-49, making it an ideal location for investment.