Property Rates in Sector 102 Gurgaon

Location Sales Trend: Sector-102

Sector-102 is a rapidly developing sector in the city, attracting a lot of real estate buyers and investors due to its strategic location and good connectivity. The average rate/sq.ft in Sector-102 has been steadily increasing over the past few quarters, as per the data provided.

In Q1'22, the average rate/sq.ft was at 6220, which decreased slightly to 6159 in Q2'22. However, it picked up again in Q3'22 and reached 6442. In Q4'22, there was a significant rise in the average rate/sq.ft, which reached 8089, and it continued to rise in Q1'23, reaching 9567. This indicates that the demand for real estate in Sector-102 is increasing, leading to a rise in prices.

The number of transactions in Sector-102 has been fluctuating over the past few quarters. In Q1'22, there were 308 transactions, which increased to 555 in Q2'22. However, it decreased significantly in Q3'22 to 112. It picked up again in Q4'22 with 172 transactions but decreased in Q1'23 to 154.

The rise in the average rate/sq.ft and the fluctuation in the number of transactions can be attributed to various factors such as the availability of properties, infrastructure development, and market conditions. Overall, Sector-102 is a promising location for real estate investment, and the trend suggests that it is likely to continue to be so in the coming quarters.