One of the prime residential localities of Gurgaon, in recent year’s sector-56, has also emerged as a popular and favourable rental hotspot among the tenant community looking for rental home. Due to its proximity to Cybercity, retail, hospitality centers, and Golf course extension, the locality has seen a growth of 7% in the rental category. Take a look at several other factors that are making sector-56 a rental hub spot:
Location and Connectivity
Surrounded by Cyber City, Golf course extension and Tau Devi Lal Biodiversity Park, sector-56 in Gurgaon is one of the premium locations in the Millennium city. It is surrounded by other plush localities like sector- 50, Sector 58, Sector 52 and Sector 45. The locality enjoys smooth connectivity to Delhi, Sohna Gurgaon via Netaji Subhash Marg, and Golf course extension road.
The Huda City center metro station is just 15 minutes’ drive from the locality, while the sector has its dedicated rapid metro station that further adds a feather to the rental real estate market. The nearest railway station is just 14 km away and the International airport is 18.4 km away.
The locality is home to notable educational institutions, healthcare centers, malls, banks, and recreation centers. Some of them include Scottish High International School, Bharati International Convent School, Artemis Health Institute, Indian Overseas Bank, State Bank of India, Metro World Mall, Hong Kong Bazaar, Central Square, etc.
Rental Real Estate Market
As sector- 56 falls in the vicinity to major IT and Commercial hubs of Gurgaon, the rental homes are quite popular and demanding here amongst the tenant community. Apart from it, one can easily find premium and middle-level properties easily as per their budget. The whole sector is divided into various blocks that include a mix of residential properties.
Block A, Sector-56
This block mainly consists of residential units from Cooperative Group Housing Societies (CGHS) as well as housing projects from reputed private builders. Due to this, the average rental rate is quite higher in this block as compared to other surrounding areas.
At present, the average monthly rental rate of 3 and 4 BHK apartments is 28,000 and 50,000 respectively. All the societies come with modern facilities like power back-up, security, swimming pool, gym, etc.
Block B and C, Sector- 56
Both of these blocks are closer to rapid metro station and hence enjoy hefty rentals. Some of the CGHS societies also offer high-end amenities like personal garden at ground floor, patios, etc. Apart from this, independent house and builder floors are also attracting tenants to rent a flat. The average rental in both the blocks varies from 22,000 to 28,000 per month.
Presence of bustling HUDA market also attracts tenants towards these two blocks.
Block E, Sector- 56
As compared to the above three blocks, Block E comprises of mid-level rental residential units. Although the units are not much premium still they offer basic facilities like parks, hospitals, markets, etc. Due to this, many students and working professionals who have just started their career prefer to rent a home here. A 3 BHK in Block-E can be easily availed in the range of 20,000-25,000 per month.
All these features have made sector- 56 a safe and best haven for the rental community that will definitely lead to a rise in the rental rates in coming years.