Property Rates in Sector 28 Gurgaon

Location Sales Trend: Sector-28

The real estate market in Sector-28 has been witnessing a positive trend in terms of sales and prices. The average rate per square foot has been consistently increasing over the past few quarters, indicating a growing demand for properties in the area. The sales trend is also reflected in the number of transactions, which has been steadily rising.

According to the data provided, in Q1'22, the average rate per square foot was 9026, which increased to 9355 in Q2'22, and further to 9378 in Q3'22. In Q4'22, the average rate per square foot surged to 9802, indicating a significant increase in demand. However, in Q1'23, the rate dropped slightly to 9644, but still remains high compared to the previous quarters.

In terms of the number of transactions, the data shows that there has been a steady increase over the past few quarters. In Q1'22, the number of transactions was 13, which increased to 21 in Q2'22 and remained the same in Q3'22. In Q4'22, the number of transactions rose to 32, indicating a significant increase in demand. However, in Q1'23, the number of transactions dropped to 14, which may be attributed to various factors, including market fluctuations and seasonal changes.

Overall, the real estate market in Sector-28 is showing positive signs of growth and development. The increasing demand for properties in the area is reflected in the rising prices and number of transactions. The trend is expected to continue in the coming quarters, making Sector-28 an attractive location for real estate investments.