Sector-54

Gurgaon is a city in Haryana that has fast developed into a major industrial and financial centre over the past few decades. The city is divided into numerous sectors that have been laid out with careful planning. Sector 54 is one of the many localities in Gurgaon that lies towards the east of the city. This upscale locality is fully developed with all the necessary amenities such as swimming pools, restaurants, and housing societies.

Primarily a residential sector, it lies in close proximity to the Tau Devi Lal Biodiversity Park in Sector 53. The DLF Golf Course Road covers one side of Sec 54, along the course of which are the Mozart Cafe, Alchemist Hospital, and Hotel Ibis. This nearby road facilitates the modern amenities required by the residents of Sec 54. The DLF Golf Course, in Sector 42, lies towards the direct North of this locality.

Apart from modern amenities such as restaurants and hospitals, Sector 54 also has a Recreation and Leisure Project located towards the northeast corner. The residential Sector 55 and the predominantly commercial Sector 56 are located towards the South of this locality. Sun City and Palm Springs are two of the most prominent housing projects in Sector 54.

Connectivity and Transit Points

The inroads of Sec 54 are primarily connected to the DLF Golf Course Road, Gurgaon-Faridabad Road, and Rajesh Pilot Road at different points. Back in 2010, the MNCs in Gurgaon had decided to launch a timely bus shuttle service into the city and surrounding regions to help beat traffic jams. One such bus shuttle stop is available for residents of Sec 54, and is located on Park Drive in the locality.

The Rapid Metro Rail Gurgaon is India’s first, completely private Metro project. It connects various parts of Gurgaon to the Delhi Metro at Sikanderpur. The closest Metro station to Sec 54 is the Sikanderpur Rapid Metro Station, which is located a convenient 6 km away. Alternately, the HUDA City Centre Metro can also be used, and is situated at a distance of 7 km from Sec 54.

The Indira Gandhi International Airport is located only 16 km away and can be quickly reached by road. For those looking to travel long-distance by rail, the Gurgaon Railway Station is 15 km away. Additionally, taxicab services are easily available in Sec 54, and can be used by those who prefer a more comfortable mode of transportation.

Major Landmarks

•      Palm Springs
•      Sun City Project
•      Indian Health Consultants
•      Orchid Garden
•      Paras Buildtech Pvt.
•      Elemention Gym

Factors for Growth in the Past

Sector 54 has been part of the Gurgaon land boom, which was spearheaded by the real estate ventures of Delhi Land & Finance (DLF) Limited. The residential ventures of Sector 54 were developed in concordance with the commercial development of Gurgaon as a whole. The DLF Golf Course, situated towards the North, directly helped in appreciating the property rates of Sector 54, making it into a premium locality. The commercial ventures of nearby sectors in Gurgaon have also gone into developing this locality into a fully residential one.

Residential & Commercial Market Trends

Residential Market Trends

Sector 54 is fully developed locality that is primarily made up of apartments, which account for nearly 90 percent of the total real estate in this area. Apartments belonging to different housing societies and by different builders are available at premium prices for purchase as well as for rent. Those looking to buy apartments in Sector 54 can expect to pay prices that are anywhere between Rs. 10,000 to Rs. 15,000 per square feet. If renting out an apartment is the preferred choice, then one can look forward to rates of around Rs. 20 to Rs. 25 per square feet.

Though in far lesser proportions, independent houses and villas are also available in Sec 54. The prime position of this locality commands hefty prices, and prospective buyers can look forward to paying rates of around Rs. 3,00,000 per square yard for fully constructed villas. A number of residential plots are also available for sale in Sun City, which is one of the most prominent housing projects in Sector 54. These plots have a going rate of a little over a lakh (Rupees) for every square yard.

Commercial Market Trends

Office space is not available in as much abundance in Sec 54, simply because of the fact that this locality was designed to be a residential one. However, premium commercial property is available for purchase as well as rent in this locality. If one intends to buy, office space in Sector 54 usually costs between Rs. 15,000 to Rs. 2500 per square feet. Those looking to rent, on the other hand, can expect rates that start from Rs. 90 onwards for every square feet of space.

Major Challenges

The rapid development of Sector 54 as well as the localities in Gurgaon has led to the inescapable problem of economic inequality. It is a common sight to see underprivileged workers living in make-do shanties at ongoing construction sites, while building luxury apartments for richer people.

Crime in Gurgaon has also been on the rise in recent times. The police patrolling and protection in Gurgaon, which is done by the Gurgaon Police, needs to be improved in order to combat increasing rates of drug abuse, homelessness, and gang violence.

Factors for Growth in The Future

The Rapid Metro Rail Gurgaon plans to soon connect all parts of the city in different phases. This future development is likely to increase the land value in Sector 54. Gurgaon houses some of the most valuable real estate in the whole of India, and this city is still being developed thoroughly in both the commercial and residential aspects.

Envisioned as an alternate and more convenient route between Delhi and Gurgaon, the Dwarka-Gurgaon Link Expressway is already being developed under a public private partnership (PPC) model. Once finished, this expressway has the potential to boost the real estate value of Gurgaon as a whole. Sec 54 is a coveted Gurgaon locality that lies in close proximity to the swanky DLF Golf Club.