Property Rates in Sector 89 Gurgaon

Location Sales Trend in Sector-89: Price and Transaction Trends

Sector-89 is a popular location for real estate investments in the city. The location sales trend in Sector-89 shows a mixed picture with fluctuations in both average rate/sq.ft and the number of transactions.

Average Rate/Sq.Ft:

The average rate/sq.ft in Sector-89 has shown a mixed trend in the past few quarters. In Q1'22, the average rate/sq.ft was 6035, which increased to 6128 in Q2'22. However, in Q3'22, the average rate/sq.ft fell to 4432, and further decreased to 4455 in Q4'22. In Q1'23, the average rate/sq.ft marginally increased to 4504, indicating an overall fluctuating trend in the location's real estate market.

No of Transactions:

The number of transactions in Sector-89 shows a declining trend in the past few quarters. In Q1'22, the number of transactions was 464, which dropped to 162 in Q2'22. In Q3'22, the number of transactions further decreased to 119, and marginally increased to 136 in Q4'22. In Q1'23, the number of transactions decreased again to 94, indicating an overall declining trend in the location's real estate market.

Conclusion:

The mixed trend in average rate/sq.ft and the declining trend in the number of transactions in Sector-89 indicate a cautious approach for real estate investors. However, with the location's popularity and potential for future growth, the market is expected to show a positive trend in the long run. Potential buyers and investors are advised to keep an eye on the market trends and seek professional advice before making any investment decisions.