Posted on

Tips for Investing in a Property in Jaipur

When people think of investment, the first thing that strikes the mind is investing in a property. Over the past few years, a steady growth has been observed in the Jaipur residential property scenario and more and more people are willing to own houses in Jaipur. One should be extremely careful while making an investment in a property. When you plan to buy a flat at Jaipur, make sure you select a suitable location within your estimated budget. Here are a few tips for investing in a property in Jaipur:

Invest in Jaipur Property

  • When you plan to buy property in Jaipur, look out for the closeness of your flat/land to bus stands, schools, railway station, airport, parks, ring road, metro and shopping complex. Connectivity with all the above mentioned locations is of prime importance as this makes life easier. Apart from this, if you plan to rent your property or after some years you wish to sell off your property, you will get high price for your property.
  • While selecting a property, try choosing a locality that has a few VIPs living near the area. This will ensure that you will face less troubles related to water, electricity and drainage, to name but a few.
  • Another major factor that you should look out for is the security of the locality in which you plan to buy the property. Make sure that you are safe in the area and proper security measures are provided to you. Apart from this, also look for features like electricity backup, adequate parking space and availability of terrace.
  • When you plan to buy a flat, land or an apartment in Jaipur, always check that the property is approved by Jaipur Development Authority(JDA). Also make sure that there is transparency in all the paper work as you would be putting your hard earned money in the property.
  • If you are purchasing a property from a new developer, always check their record – do not go only by their catalogues. However, it is always a wise decision to opt for a renowned developer and Vatika Group is one such trusted name in the real estate market.
  • Take an idea about the developmental schemes of Jaipur Development Authority. You will have an added benefit if the schemes are nearby your locality.

By keeping the above tips in mind, you can invest in the best property in Jaipur!

Posted on

Reasons To Invest In Real Estate In Jaipur

The capital city of Rajasthan, popularly known as the pink city, Jaipur is one of the rapidly growing cities of the country. Till now, the city was only known for beautiful heritage hotels and gems and jewellery business; but now you can see some amazing residential and commercial properties as well. As this is a planned city, it is quite an effortless task for the real estate builders to establish apartments and villas in Jaipur. There are various reasons of why real estate in Jaipur is flourishing in current times. Below are some of the reasons:

Investment in Jaipur

1. As Jaipur is a planned city, the foundation of the city has been positioned after vigilant planning and meticulous research. Therefore, even if loads of new project in Jaipur are established, you won’t find the city congested.

2. Another important reason to invest here are wide and smooth roads, clean and green environment, uncongested space and less pollution, unlike some of the major cities of India.

3. Additionally, many MNCs like Honda and Coca Cola are investing in the city, which increases employment opportunity for the people living in Jaipur.

4. The city is also known for world’s best schools, collages, hospitals and other basic amenities of life. Moreover, there are beautiful parks, community centres and shopping malls, which give people another reason to invest in properties. Jaipur is now here less than any other city of India, in terms of providing amenities.

5. The city has state-of-art infrastructure with top-class amenities like regular water and electricity supplies, proper security with CCTV and fire alarms in the residential as well as commercial properties.

6. The city offers easy and smooth connectivity to all the nearby big towns via road and railways, which makes travelling easy for the people.

Not only in the main city, residential plots in Jaipur Ajmer highway are also available with flats of different capacity ranging from 4 BHK to 1 BHK. Apart from BHKs, there are villas, penthouses, built-up floors and independent houses for people looking for a perfect dream home.

Several renowned real estate agents are investing in the city to provide high-class houses to the people living in Jaipur.

Posted on

Great Scope of Development in Faridabad with Upcoming Commercial Projects

Along with the rising demand for properties in Gurgaon and Noida in the NCR, another region that is making its prominence in the real estate market is Faridabad. A leading industrial centre situated in the North Indian state of Haryana, Faridabad is also progressing at a rapid pace as a commercial and residential hub in the NCR. Strange but true, with improving infrastructure, this old industrial city has progressed from a factory and industrial region to a commercial hub. Infact, in a recent study on real estate, this city of our country was referred as the “city of the decade 2011-21”.

Faridabad commercial properties

Continue reading “Great Scope of Development in Faridabad with Upcoming Commercial Projects”

Posted on

Mistakes to Avoid While Making a Commercial Property Investment

When we think of investments, there can be nothing better than investing in a property, and if you are thinking of an investment property with returns, you should always opt for a commercial property. Gurgaon, the millennium city, has developed tremendously in the recent years and there is an availability of various office spaces in Gurgaon. If you too are thinking of investing in a commercial property, you can consider choosing Gurgaon as your location.

Mistake you should avoid in property investment

Many of us know that is a wise decision to invest in a commercial property, but only a few of us are aware of the mistakes that we make while making a commercial property investment. Let us have a look at a few mistakes that one should avoid while investing in a commercial property.

  • Going Wrong in Analyzing the Market Trend: This is one of the biggest mistakes that a property buyer can make. Analyzing the market trend is of utmost importance, specially in cases of commercial property investment. Keep an eye on the ongoing trend and assess whether the time is right or not to invest in the commercial property. The small mistake of not analyzing the market trend can prove to be heavy on the pockets.
  • Not Checking the Property Details: Whether you are buying the commercial property or are considering the option of taking the commercial property for rent, do not go by the outer appearance of the building. It is always important to check the property from inside. Before paying the money, look for any damages or problems that need to be rectified. Apart from the infrastructure, also keep a check on the taxes that you are paying. Make sure that the taxes are of the current rate.
  • Not Analyzing the Budget Properly: Before making an investment in a property, you should assess whether it is suiting your pocket or not. This budget includes the taxes, title work and approximate cost that will incur in repairs, to name but a few. If this cost sums up to more than your income, it is unreasonable to invest in such a property. Also, if you are willing to rent out your commercial property, take an idea of the general time taken in renting out the property in that location.
  • Putting Excessive Money in the Property: It has been generally observed that people borrow money from banks when they plan to invest in a property. Make sure you not put in too much money in buying the property. Always remember that you will have to return the money and that too with interest. The initial years might not be extremely beneficial, but you will have to pay your bank on time. This might be a little heavy on the pockets, thus it is advised that too much money should not be put in a property.

By keeping the above mentioned points in mind, you can avoid making mistakes while investing in a commercial property.

Posted on

Know All about Commercial Property Investment

Many of us are well aware of the trends of residential property investments, but when it comes to investing in commercial real estate, most of us are ignorant. People who do not run a business, or have no connections with the commercial property, are generally unacquainted about the commercial property trends. However, it is always a wise choice to stay abreast of all the investment trends taking place in the real estate, because you never know when you might need to invest in a property. Let us gain a little knowledge about commercial investment properties and the benefits that come along with them.

commercial property investment

  • Risks and Returns: When we talk about commercial property investing, it should always be noted that it there is always a higher risk involved in it and at the same time, it is a property with high return. The commercial real estate market varies from place to place, but when compared to the residential property, there is a huge difference between the two. A commercial space might take several days to be leased out. Thus, the risk involvement is high in a commercial property.
  • Period of Lease: When a commercial property is leased, it is generally done for a long period of time. The period might be as long as about ten years. Also, various commercial properties can be leased out for a period of five years and then the lease can be renewed. The annual rental increases between 15 to 20% .
  • Ratio of Investment: Commercial properties are expensive than the residential properties. Factors like posh location and huge size of the commercial properties are a major reason for the high price. However, whenever you are looking for a commercial space, you can also choose a small premise and purchase a commercial property within a small budget.
  • Fixed Costs: Despite of the fact that the commercial property has been leased or not, there are a few operational costs that are involved. However, these fixed costs vary and depend on the property type.

Benefits of Investing in a Commercial Property
By investing in a commercial property, you can increase your cash flow in a number of ways. Let us have a look at a few ways:

  • Buy and Exist Strategy: The best way to collect a huge amount of money is by first buying the property, then building an equity and then finally, selling it off. You can earn huge profits when you sell off the property.
  • Monthly Rental: Leasing your commercial property is one of the easiest ways to generate monthly income without working hard. A good amount of money goes into your pocket if you lease out the commercial property owned by you.
  • Run your Own Business: If you are a businessman, there can be nothing better than owning a commercial property. You save the money that you would have otherwise spent in paying off as a rent to the landlord, had you not owned the office space. (https://kidsrkids.com/)
  • Let out the Extra Space: If the commercial space that you own is more than that required for your business operations, you can easily rent it out. This brings in extra income and at the same time the extra space that your commercial building has, does not go waste!
Posted on

Why Real Estate Property In Gurgaon?

Gurgaon is one of the cities with the best infrastructure and property options. There are several reasons which explain why the city has managed to score above other cities. One of the many reasons includes the presence of several real estate companies. Over the past few years, the city has established itself as a prime location for various big and small national and multinational companies. The city has several builders investing in real estate property. Gurgaon is not only known for residential projects, but also commercial office spaces. Buying an office space is not the only option available; you can also opt for commercial property for rent.

gurgaon city

There are several reasons why having a commercial office space for rent in Gurgaon is beneficial. One of them is the location which needs to be easy to get for both employees and clients. Moreover, if your office is in a reputed area, it adds up to a status. Another important factor is safe neighbourhoods in order to make the office space accessible for your staffs even in the late hours. Gurgaon is also well connected through metro, monorail, buses and auto, along with domestic and international airports in the vicinity.

The city also has well managed office spaces in Sector 83. Gurgaon offices have proper 24X7 CCTV and a security guard at all its office buildings. These office buildings are earthquake resistant and have fire safety alarms. The layout of office spaces, here, is properly managed in order to provide adequate working space and provide spacious cubicles. These offices also have a separate meeting, conference and training rooms.

Additionally, the buildings of offices in Gurgaon are constructed with all the added benefits, which include adequate parking spaces in order to make the parking convenient for employees and visitors. In the proximity, there are national and international banks, ATMs, hospitals and medical centres for the emergency.

Besides commercial spaces, Gurgaon also boosts residential properties with utmost facilities. Gurgaon has some of the best schools, colleges and shopping malls for the residents. The city is complete in itself with all the basic and modern amenities.

Posted on

Growing Demand For Residential Apartments In Gurgaon

Gurgaon, adjoining the capital city of India, has become a hub for commercial and residential properties. Now-a-days, people are shifting to this millennium city due to various reasons, which include their offices in the city, better schools for children and better lifestyle. Moreover, builders are in the making of various upcoming residential projects in Gurgaon. These residential projects include residential apartments in Gurgaon, floor houses, villas, bungalows and independent houses.

The residential properties in Gurgaon are in demand due to the availability of flats as per the needs and requirements of the residents. Gurgaon has flats ranging from 2-Bhk to 5-Bhks with all the basic and modern needs installed. These flats have adequate space with proper ventilation through windows and balconies. Windows have extra space to fit the AC. Moreover, there is a separate space for installation for refrigerator and television. Modular kitchen space also makes it perfect for the resident. (bdconstruction.com)

residential-apartment-in-gurgaon

Apart from the Gurgaon residential projects, real estate companies are also focusing on commercial, education and shopping malls. Today, there are various malls and shopping complexes for the convenience of the people living here. Also, many MNCs like Nokia, Google, IBM and more have started operating from the city.

The city has close connectivity with near-by cities and people can easily use their personal vehicle as well as public transports like metro, auto and buses for commuting. Also, domestic and international airports are in the proximity which makes easy for the frequent flyers to travel without any jams to the airports.

As there are various real estate companies coming up with residential projects in Guragon, choosing the perfect one is very important. Below are the most important guidelines.

1. Decide your need and budget accordingly as Gurgaon has all types of houses. Therefore it is very essential to assess your requirement before investing in the property.
2. Choose a reliable real estate agent after going through a proper research and contacting other clients and getting the feedbacks.
3. Once you have chosen the real estate firm, go for complete research of the area. Meet the existing residents to check the legal status as well as the provision of basic facilities like security, water and electricity supply.

 

Posted on

Ready To Move Flats: Latest Flat in Gurgaon

Gurgaon – the rapidly growing city of the country – offers flats, independent houses, bungalows and many more options for the residents. However, have you ever wondered why these days’ people prefer ready to move flats in Gurgaon over under construction flats?

Why ready to move in flats?
Under construction might get stopped in between due to land issues or any other legal problem as before building an apartment builder needs approval certificate, along with 19 other clear chit, which includes water supply, Pollution Control Board, and more; however, there is no legal hustle bustle of buying ready to move in flats as it has crossed all these levels before construction. Also, before shifting you can check legal titles and assure with the status.

Ready to move flats in Gurgaon

When you choose a ready to move in flat, you already to know about maintenance charges, but when you book a flat in under construction building, you barely know about such charges. The maintenance charges continue for lifelong, therefore it is always important to know about it prior booking. In terms of maintenance charges, clarity is very important. So, you can check about the same with the members as well.

You only book an under construction flat after seeing the plan on paper or maximum on computer and might be after construction flat not look same, however ready to move in Gurgaon flats can be bought after looking to the flat physically. Moreover, you will not get any future shock in terms of the look and construction of flat.

Under construction flats might get delayed due to the legal or any other problem, but you can easily and quickly shift in ready to move in flats. Consequently, you need not to wait for the flat and can shift immediately.

Also, most of the under construction flats are built in underdeveloped or developing areas, this might bring many compromises, including commuting, schools for kids and basic amenities. You check these facilities conveniently in ready to move in flats. Also, you can ensure the security of these flats before shifting.

If you are planning to book one soon, there are many ready to move in 3BHK flats in Gurgaon, which have all the facilities and amenities installed beforehand. Moreover, Gurgaon flats range from 2BHK to 4BHK and low-rise to high-rise.

Posted on

Growing Demand for Floors in Gurgaon’s Real Estate Sector

In the past few years, Gurgaon’s real estate market has seen an upsurge in the demand for floors in residential properties. It is a trend for people to opt for independent floors in high-rise or low-rise residential towers in Gurgaon. Though traditionally people did not opt for upper floors when they purchased apartment flats and so usually the prices of upper floor flats were low. Slowly, there has been a change in the mindsets of the people and they are willing to invest on higher floors.

In recent times, it is seen that land availability in the metro areas is decreasing while the number of people or occupants is growing and hence there is the need for more houses. This has induced the developers to come up with high rises. There is a large section of people who are demanding simply independent floors, so that they can build their houses as per their requirements and style.Independent floors

Low-rise and high-rise independent floors are in great demand in Gurgaon’s residential houses. Developers are offering floors in Gurgaon with 24 hour power backup and other basic amenities. More and more such housing projects in NCR are being developed. The reason being that, majority find villas and luxury homes in Gurgaon very expensive. Independent houses are also not affordable because of high land value. However, Gurgaon has witnessed an increase in the number of industrialists, businessmen, corporate executives, professionals and NRI buyers, who are not exactly in the highly rich income group segment but are quite well-off to lead a luxurious lifestyle. It is for this group of people that builders in Gurgaon are coming up with independent floors.

The main advantage is that you have a whole floor to yourself, unlike an apartment floor which includes 3-4 flats in a single floor. You have your own space and privacy but at the same time enjoy community living as well. And you get a chance to design your own home in the independent floor of yours. These are not as expensive as villas. These floors are wide and spacious. The owner can use the floor to build a luxury home as per his budget.

Posted on

Legal Documents Required Before Purchasing a Residential Plot in Gurgaon

Are you planning to buy residential plot as an investment without compromising on budget and connectivity? If yes, then Gurgaon is the best option. (www.genusinnovation.com) Within the heart of the city, you come across a good number of residential properties comprising of apartment flats, villas, condos, independent floors and houses. However, in recent years, there has been a trend of people opting for residential plots in Gurgaon and NCR. Residential plots have been increasingly demanded by IT professionals, businessmen, corporate executives, not for staying but as an investment purpose as the land value never depreciates. Gurgaon’s new residential projects by real estate developers are concentrating more on offering residential plots nowadays. There is great availability of plots for sale in Sector 82, 83, 105, Gurgaon Dwarka expressway etc.

Legal documents from the seller

  • The Deed Title: The deed title should be in the name of the seller and he should have the right to sell it. Get the original copy.
  • Encumbrance Certificate: You get this at the sub-registrar’s office. This is the same office where the title deed is registered. This certificate declares that the land has no legal issues.
  • Property Tax Receipts and Bills: All payments prior to your purchase should be done by the owner and he should hand over the original bills and receipts.
  • Release Certificate by Bank: Also, the bank should hand the release certificate to ensure the new owner that loans on the residential plots in Gurgaon have been repaid fully and there are no dues left.

Legal documents required by the purchaser

  • The Title Deed: The new title deed after the original seller transfers the paper in the name of the new buyer.
  • Stamp duty receipt payment: Now, the purchaser can get the residential land registered in the sub-registrar’s office with duly paid stamp duty receipt.
  • House Plan Approval/ Commencement Certificate: If the new owner wants to build a house in the plot or modify the existing one, he should take prior permission from the Municipality Corporation. The layout should be approved by the City Development Corporation and the local body. The new owner should get the commencement certificate by the Municipal Corporation to start any construction.
  • The purchaser should also receive a NOC from water, electricity, lift and other authorities etc.

Usually, it is the builder or the real estate developer who takes care of all these and the purchaser simply has to sign the sale agreement papers. Hence it is always advisable to purchase residential plots from a reputed developer or builder.