Property Rates in Sector 70 Gurgaon

Location Sales Trend: Sector-70

The real estate market in Sector-70 has been witnessing a steady increase in average rates per square foot in the first quarter of 2022. The trend is likely to continue in the coming quarters, as indicated by the data. The average rate per square foot in Sector-70 for Q1'22 was 4102, which increased to 4407 in Q2'22, and further rose to 4455 in Q3'22. However, in Q4'22, the average rate per square foot decreased to 3992, followed by a rise in Q1'23 to 4363.

Apart from the rise in average rates per square foot, the number of transactions in Sector-70 has also been showing an upward trend. In Q1'22, there were 95 transactions in the area, which significantly decreased to 20 in Q2'22. However, the number of transactions started picking up from Q3'22, with 24 transactions, and further rose to 280 in Q4'22. The trend is likely to continue in Q1'23, with 243 transactions expected in the area.

In conclusion, Sector-70 is witnessing a positive trend in terms of the average rate per square foot and the number of transactions. The rise in average rates per square foot indicates a growing demand for real estate in the area, while the increase in transactions suggests that buyers and investors are increasingly interested in the location. This is a promising trend for the real estate market in Sector-70, and it is likely to continue in the foreseeable future.