Gurgaon
Sector 48 maintains a strong position in the Gurgaon real estate market, characterized by a mix of high-end apartments and luxury villas. Price trends have shown fluctuations over the past few quarters, settling at an average of ₹19,550 per sq ft for apartments, while rental options offer consistent returns for property owners. The market features a blend of ready-to-move projects and under-construction developments, providing flexibility for homebuyers and investors. Rental demand is particularly strong for larger configurations, with monthly rates for 5 BHK units reaching up to ₹2.19 Lakh.
As of Jun 2026, the average asking price in Sector 48 is ₹19,550 per sq ft. This figure reflects a depreciation of 11% compared to the previous period, indicating a market correction in the area. While the current Government Registration Rate stands at ₹11,300 per sq ft, the market asking price remains significantly higher, reflecting the premium nature of the residential apartment segment in this locality.
Property prices in Sector 48 have shown a volatile trajectory over the last few quarters. As of Mar 2026, the location rate was ₹19,550 per sq ft, down from ₹21,950 per sq ft in Dec 2025. This follows a period of growth where prices rose from ₹18,000 per sq ft in Sep 2025. Investors and buyers should note that this fluctuation suggests a dynamic market environment where demand and supply equilibrium is currently adjusting.
As of Jun 2026, property rates in Sector 48 vary significantly by type: villas command the highest average price at ₹22,950 per sq ft, having appreciated by 3.18% over the compared period. Apartments are priced at ₹19,550 per sq ft, showing a depreciation of 11%. Meanwhile, office spaces are priced at ₹10,800 per sq ft, reflecting an appreciation of 3.23%, and office spaces in IT/SEZ zones remain stable at ₹11,550 per sq ft with no change recorded.
As of Jun 2026, Ready To Move properties in Sector 48 are priced at an average of ₹19,300 per sq ft, which has appreciated by 6.64% compared to the previous period. In contrast, Under Construction projects are priced at ₹18,400 per sq ft, with rates remaining stable at 0% change. This indicates that buyers are currently paying a premium for immediate possession, likely due to the reduced risk and convenience of move-in ready units.
As of Jun 2026, the average rental rate in Sector 48 is ₹28 per sq ft, with the rate remaining stable at 0% change. The locality currently offers a rental yield of 1.72%. For investors, this yield represents the annual rental income relative to the capital investment, serving as a key metric to evaluate the income-generating potential of residential assets in the area.
Rental rates in Sector 48 vary by unit size as of Jun 2026, catering to diverse tenant needs. Monthly rents start at ₹17,700 for a Studio, increasing to ₹40,000 for 1 BHK, ₹55,550 for 2 BHK, ₹59,300 for 3 BHK, and ₹63,050 for 4 BHK units. For larger configurations, 5 BHK apartments command a significantly higher average of ₹2.19 Lakh per month. These figures help tenants and landlords understand the premium associated with larger living spaces in the locality.
As of Jun 2026, top projects by rental rates in Sector 48 include Vipul Greens at ₹34 per sq ft (depreciated by 2.86%), JMD Galleria at ₹33 per sq ft (depreciated by 32.65%), and Eldeco Mansionz at ₹32 per sq ft (stable at 0% change). Central Park Resorts also commands ₹32 per sq ft, showing a notable appreciation of 60%. These rates highlight the varying rental value propositions across premium residential projects in the sector.
As of Jun 2026, rental rates in Sector 48 are part of a broader regional landscape where many surrounding areas like Sector 72, Sector 49, and Malibu Town maintain an average rental rate of ₹50 per sq ft. While Sector 48 shows an average of ₹28 per sq ft, specific nearby pockets like Ghasola have seen an appreciation of 6.45%, whereas areas like Sector 71 and Sector 49 have experienced rental depreciations of 10.34% and 9.37%, respectively.
As of Jun 2026, Central Park Bellavista Towers leads with a listing rate of ₹35,000 per sq ft, having appreciated by 0.24%. Other high-value projects include Central Park Resorts at ₹27,200 per sq ft (depreciated by 12.45%) and Vipul Tatvam Villas at ₹22,850 per sq ft (depreciated by 7.89%). These projects represent the premium segment of the Sector 48 market, attracting investors looking for high-end residential assets.
A buyer should view the price trends in Sector 48 as a signal of a maturing market. With the average asking price at ₹19,550 per sq ft as of Jun 2026, the 11% depreciation from the previous quarter suggests a period of price correction, which may offer a better entry point for end-users. Comparing this against the stable rates in under-construction projects can help buyers decide whether to opt for immediate occupancy or wait for newer inventory.
