Buying an affordable home in a city like Gurgaon, where the demand for a real estate asset always remains high, is challenging. However, with the right information and proper guidance, you will be able to find your dream home at best prices. A locality that can offer everything you have dreamed about your ideal abode without draining you financially requires detailed research.
Therefore, we have prepared a detailed list of affordable localities in Gurgaon so that you can make an informed decision before buying a new home in the millennium city. Check out the top five affordable localities to live in Gurgaon:
Affordable Localities In Gurgaon
1. Sector – 1A IMT
Located just 1 KM away from National Highway (NH) 48, Sector 1A IMT in Manesar is best known for its affordable housing projects and excellent surroundings. With the presence of a diverse range of ready-to-move-in apartments and lush green locality, this place is considered as one of the best residential areas in Gurgaon. Besides this, an optimal road network, affordable property options and ongoing social infrastructure development have also put this area in the limelight among aspiring homebuyers.
Here, the average property rate starts from Rs 5,000 per sq ft (approximately). On the top of it, various upcoming construction projects, including the proposed Global City project, access to the Delhi-Alwar RRTS Corridor, and a number of flyovers on NH-48, are anticipated to increase the area’s appeal in the near future.
2. Rajendra Park, Gurgaon
One of Gurgaon’s most popular residential areas is Rajendra Park and it is situated along the Dwarka Expressway. Thanks to its many social amenities and well-connected roadways, this locality provides inhabitants with convenience of living. Rajendra Park has an advantage over other regions due to the large variety of builder floors, villas, plots, and society apartments in the inexpensive budget category.
The average property price here hovers between Rs 3,700 per sq ft to Rs 4,000 per sq ft, post an annual appraisal of nearly 20 percent.
Gurgaon Road and the planned Dwarka Expressway are both closer to Sector 99A. Additionally. large land parcels and ample ready-to-move apartments are available in the locality for an average price of Rs 5,000 per square foot. Just a few miles away from Kadipur Industrial Area, the sector encompasses several warehouses and commercial hubs, making it an ideal choice for prospective buyers, who are working there.
Moreover, its appeal would be increased by the future metro line between Huda City Center and Cyber City and an upcoming commercial complex within a five-kilometer radius.
4. Palam Vihar Extension
Palam Vihar Extension, a centre for affordable housing that is dominated by villas and apartments, is one of Gurgaon’s well-connected neighbourhoods. The area has good inter-city connectivity and is located about seven kilometres from Cyber City Metro Station and five kilometres from Gurgaon Railway Station. In addition to this, NH-48, which connects all of Gurgaon to Delhi and Rajasthan, is around eight kilometers from the area.
The property prices in the locality have gone up by about eight percent in recent times and hover around Rs 3,400 per sq ft. The average rental “ask” in the locality ranges from Rs. 6,000 to Rs. 18,000 per month.
Gurgaon’s Sector 55 is known for its excellent connectivity, proximity to DLF Cyber City, dedicated metro station, and a number of healthcare facilities that are located within a 3- to 4-kilometer range.The area’s appeal to homeowners is greatly influenced by its convenient access to the Gurgaon-Faridabad Road and the Badshahpur-Sohna Road Highway. As a result, the sector’s average home price increased by 2-4 percent during the past year.
Most of the residential properties in the sector comprises independent builder floors and apartments in 3 BHK and 4 BHK categories. An average property price in Sector 55 is about Rs 7,000 per sq ft, and the rentals for a 3 BHK apartment hovers between Rs 16,000-55,000 per month.