Property Rates in Sector 47 Gurgaon

Location Sales Trend: Sector-47 Price and Transaction Analysis

Sector-47 is a popular residential locality in the city, known for its modern infrastructure and proximity to key areas. If you are planning to buy or sell property in this area, understanding the price and transaction trends can help you make an informed decision.

According to the latest data, the average rate per square foot in Sector-47 has been steadily increasing over the past few quarters. In Q1'22, the average rate was 7047 per square foot, which increased to 7502 per square foot in Q1'23. This indicates a steady growth in property prices in the area, making it an attractive investment option for buyers.

On the other hand, the number of transactions in Sector-47 has been fluctuating over the past few quarters. The highest number of transactions was recorded in Q3'22, with a total of 7134 transactions. However, the number of transactions decreased in Q4'22 and Q1'23, with only 7670 and 7502 transactions respectively.

It is important to note that while the number of transactions has decreased, the average rate per square foot has continued to increase. This may indicate a shift towards a more exclusive and premium market in Sector-47.

In terms of transaction frequency, Q1'22 and Q2'22 recorded the highest number of transactions, with 66 and 56 transactions respectively. However, the number of transactions decreased significantly in the following quarters. In Q4'22 and Q1'23, only 27 and 26 transactions were recorded respectively.

In conclusion, the price trend in Sector-47 indicates a steady growth in property prices, making it an attractive investment option for buyers. However, the fluctuation in transaction frequency may indicate a shift towards a more exclusive market in the area. Understanding these trends can help buyers and sellers make informed decisions about their property investments.