Real Estate Scenerio for Sector-57, Gurgaon
Plot Owners Sector 57
Dear All,
Marred by the litigations and hanging sword of enhancements the sale and purchase in Sector-57 was almost stagnant since last 3-4 years. Now one could feel the Catch 22 situation is unfolding as there have been quite a few transactions that have taken place in last 2-3 months.
Factors that have led to this movement:
- Distress resale inventory in neighbouring Sectors like 51, 52, 45, 46 have virtually dried up, hence the buyer is lured to the comparatively lower prices of Sector-57.
- Because of the increasing interest cost on the 1st enhancement and the anticipated 2 more enhancement costs the number of sellers is much more than other Sectors.
- One more factor that has encouraged the prospective buyers to invest in Sector-57, is the number of constructions. More upcoming house creates confidence in buyers.
This trend may not be permanent:
There was pure lull in real estate which was not only confined to Sector-57 but was prevalent in whole Gurgaon and for that matter in whole of India, barring few exceptions like Bengaluru and Tier III cites. Sellers are generally those who are in need of money or have better options in this down market, similarly buyers are only genuine end users not investors. Hence this trend may not be permanent as what we have seen in past many years that upward move in property is because of investors.
Disclaimer: I am into real estate and also deal in Sector-57, Gurgaon. Pricing of the plot is totally dependent on the location of the plot.
Those interested in knowing more can freely contact
Pankaj Yadav
Adhikari Associates A Unit of Vision Next Realty (Regd)
Real Properties I Real Rates
Opposite Artemis Hospital
Sector-52, Gurgaon
Email: adhikaria...@gmail.com
Our Company’s portals:-
www.BestOriginalBooking.com , www.easyghar.com & www.toletgurgaon.com
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