Property Rates in Sector 56 Gurgaon

Location Sales Trend for Sector-56

The real estate market in Sector-56 has been showing a positive trend in terms of sales and average rate per square foot. The data collected for the quarters of 2022 and 2023 shows that the location is experiencing a steady increase in sales and property rates.

According to the data provided, the average rate per square foot for properties in Sector-56 in Q1'22 was 7251 and has increased steadily to reach 7552 in Q1'23. This indicates a consistent growth in the property prices in the location. The increase in property rates could be attributed to the development and infrastructure in the area, making it a desirable residential location for investors.

The number of transactions in Sector-56 has also shown a positive trend. The data shows that there were 65 transactions in Q1'22 which decreased to 14 in Q2'22, but then recovered and increased to 30 in Q3'22 and 17 in Q4'22. Finally, in Q1'23, the number of transactions increased significantly to 48. This indicates that the location is gaining popularity among investors and homebuyers.

In conclusion, the sales trend in Sector-56 is positive, with a steady increase in property rates and a consistent number of transactions. This makes Sector-56 a promising location for real estate investment.