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Things to Know Prior Investing in Jaipur’s Real Estate

Jaipur, the pink city of India, is one of the fastest developing cities of the country. The growth can clearly be seen in terms of infrastructure as well as economy of the city. This is one city that never fails to enthrall the visitors as well as the locals with its rich cultural heritage. And today, due to the noticeable rise in the income of people along with the availability of property at a reasonable cost, the real estate market here is flourishing in different areas. From well planned commercial places to residential apartments in Jaipur, nowadays various prominent builders are bringing different types of property in Jaipur. So, if you too are planning to invest in the city, it is important to know few important things before investing.

jaipur real estate

Overall Infrastructure

Check the overall infrastructure of the city. When you plan to invest in any particular city, it is quite essential to check the infrastructure of the city as a whole and not only the real estate part. Jaipur has some of the most beautiful parks and cultural centers. Moreover, roads are well maintained with garbage bins at every noon and corner. It also boasts for having top-notch schools, colleges, hospitals and community centres.

Residential Development in Jaipur
All sorts of properties are available in the city, but check your requirement prior investing. From villas to residential apartments, today, builders are coming up with several new projects in Jaipur. These builders construct apartments for distinctive limit and it is in your hand what to choose and where to invest. Though builders ensure 24X7 security along with providing basic needs like water and electricity supply, you need to check the details of the facilities provided.

Nature of Investment
If you are planning to shift in the city all the above points are very important, however, if you are looking for the investment prospective, you need to check the areas that will flourish in the upcoming years. There are various residential plots in Jaipur-Ajmer highway, which are expected to flourish in the coming years. Moreover, this is one of the areas that can fulfill all your requirements.

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Things to Know While Investing in a Residential Property in Gurgaon

There can be nothing better than the feeling of residing in a home that you can call your own. Investing in a residential property in Gurgaon is one of the best decisions, however, one must always be careful while investing in a property. The first thing that must be kept in mind is that you must never make a hasty decision. Before making the final decision, it is extremely important to have a look at the various options available. There is an availability of a huge number of apartments for sale in Gurgaon, so make sure you take the right decision. Let us have a look at a few factors that must be kept in mind while investing in a property in Gurgaon.

residential property in Gurgaon

  • The first thing that you must plan out is your budget. It is very important to work out the budget as thinking about the finances at a later stage can prove to be heavy on your pockets.
  • Next, make sure that your credit is free of any debt. This will make your work much easier.
  • If you are planning to take a loan, make sure you find a credible financial institution that will lend you loan at a reasonable interest.
  • Plan your down payments carefully. If your down payment is higher, your mortgage rate will be low. Plan your down payment in such a manner that you do not have to pay heavy interests.
  • It is a wise decision to take the help of a real estate agent as an agent has knowledge about the property trends and can guide you in the best possible manner. The real estate agent is familiar with the various houses in Gurgaon and can help you choose a housing option of your desire.
  • If you are not willing to take the help of an agent in the initial stage, you can start an online hunt all by your yourself. Look for the list of residential apartments in Gurgaon and shortlist your preferences.
  • Take a look at the various options available and negotiate on the best deal. A real estate agent can be of tremendous help while negotiating.
  • Before signing the final agreement make sure you inspect the property. Conduct a walk-through and see if everything is in place. If any changes needs to be made, make sure you point that out immediately.

By keeping the above mentioned points in mind you can never go wrong while investing in a property.

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Useful Tips for Real Estate Investment

Nowadays, people are jumping into the real estate investment market, as home rates and loan interest rates are low and affordable. Property investments are considered to be profitable as compared to other forms of investment. They are more sought after, increasing the demand for real estate investments. However, it is a complicated process and there is some amount of risk involved in the business of property investment.

real-estate-investment

Gurgaon is considered to be one of the best locations to invest in real estate due its good location and proximity to the national capital. Investing in residential properties in Gurgaon, can provide good returns. Investing in commercial real estate of Gurgaon, can also prove to be beneficial as it is a strategic location to establish a company or corporate office.

Even though it is a preferred investment method, investing in properties is generally considered to be difficult. Real estate investment comprises of purchasing a property or managing and renting/sale of real estate for profit. One of the main requirements while investing in the property market is huge capital. Also, in order to become a successful property investor, you need to have an analytical mind, should be flexible, as well as determined. Some simple steps that help in understanding the language of investments are applying for newsletter subscriptions related to property investments, being a member of property investors group in your area, reading books related to investments, participating in online forums and checking the real estate section of your newspaper.

Following are some tips for better understanding property investments:

  • You need to research, evaluate and find out the true value of the property that you are targeting. Making better investment decisions requires good planning. Prepare a list of properties and their prices and learn about the market trends.
  • Learn about the ideal market for making an investment, so that you make a good purchase and make profits. Be prepared for losses as well as profits, as you can never be sure about when the market gets down or high.
  • Another important factor is leverage. It gives you an advantage if you are a long term investor, as the rate of the property might go up or down depending upon the market.
    You should strategies to limit risk. Learn to limit your risk factor by gaining knowledge about market trends from national to global and finally about your local area.
  • Learn about your competitors and strategist to limit your risk and maximize profits. Real estate companies can help in providing useful information. Real estate companies in Gurgaon provide vital information, which can help in making successful investment decisions.
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Hire a Broker While Investing in a Commercial Property

Hiring the right broker for your commercial real estate deals is one of the most important business decisions that you can make. Though it depends on your investment proficiency level, but getting an experienced broker while purchasing a commercial property for investment purpose, can help in identifying the do’s and dont’s of property investment. Proper negotiation with the help of a broker can help you in satisfying all potential buyers. As for the experienced players, they are fully capable of operating independently. However, if you take the help of a broker, it will help one way or another.

commercial property for investment

In commercial property investment, it is very likely that you would require the assistance of a broker. If you are able to find a broker who is experienced and familiar in the industry, he will be able to provide you with a clear direction in choosing the perfect investment solution. For example, if an investor intends to purchase a building that is abandoned, in order to restore it and further rent it out to businessmen in retail industry, a broker may be able to help the investor by suggesting the future potential of the chosen area. The investor will then be able to make a proper judgment on whether the money that he is investing will provide good returns. Without a broker’s advice, the investor is capable of making wrong investment decisions.

Investing in commercial properties requires a great deal of planning and brokers can do a lot more than research about the target area, they help investors in spotting the right investment opportunity. Most of the time, a broker is able to suggest to a potential investor the right property with high returns. A broker may even have inside information about a property that is going to be publicly listed. (Diazepam) This will provide the investor an opportunity to assess the information in detail and much earlier than other people. Lesser competition provides the investor with an advantage during negotiations with the property owner. With extra commission, a broker can even negotiate on behalf of the investor. This is a win-win situation for both the investor as well as the broker.

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How to Get the Best Deals in Residential Apartments in Gurgaon

There is a wide variety of residential properties and luxury homes in Gurgaon. Budget apartments and housing societies cater to the middle class segment. Higher end segments like independent houses, condominiums, villas, penthouses and lifestyle apartments in Gurgaon, cater to the rich.

luxury apartment in gurgaon

How Does Gurgaon Score over Other Metropolitan Cities

The primary reason of Gurgaon’s transformation is its location. Fortune 500 companies, major IT companies and popular brands like Maruti, Honda, etc, have made it their home. Better infrastructure and transport services like Metro, have further contributed to its development. This has fuelled Gurgaon’s growth, directly or indirectly leading people to come to Gurgaon, resulting in a huge demand for housing projects in NCR.

Gurgaon has become one of the most desired locations for residential requirements, therefore raising the real estate prices. Choosing the right property becomes an even more difficult task because of a host of property options available in the city. Following points emphasize on how you can get the best residential deals in Gurgaon.

  • Getting hold of a good real estate agent is the most important task while attempting to buy a property in Gurgaon. They are aware of the region inside out and are also knowledgeable of the existing price trends.
  • You should do some homework of your own and get to know about Gurgaon properties and the prices at which they are available. This gives you a good idea about the property rates in various locations.
  • While making the deal just ensure that there are no hidden clauses and that the deal is completely transparent.
  • Finally, ensure that the property does not have legal issues or any other problem, before going to the registrar’s office.

In the past decade, Gurgaon has come to the limelight as the prime NCR area for residential properties. Different areas in Gurgaon provide various options in residential properties, for example, residential places on Nh 8 Gurgaon, are fairly popular for purchasing properties. Since the post liberalization era, various cities in India went through a massive growth, both in the corporate as well as industrial sector. Gurgaon was one of the cities which was blessed with this transformation.

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World-Class Housing: An Intrinsic Part of Gurgaon’s Lifestyle

Indian real estate has come a long way and is broadening its horizons. People are no longer seeking just an average two-bedroom house. Instead, they are looking out for houses similar to Scottish villas and Spanish homes in regions like Gurgaon, which excels in these kinds of real estate properties.

Lifestyle Homes in Gurgaon

Gone are the days when people, in order to have a taste of fine living, used to look for such properties abroad. Such world-class properties are now easily available in India, especially in places like Gurgaon. Palatial houses built with Italian marble and having designer furniture, are now available in the city. It’s all being done in Gurgaon and in order to pursue the High-Net worth Individuals (HNIs), these global building trends are being introduced by property developers, in the Indian property market. Even the independent floors on NH 8, Gurgaon, follows the most basic international theme and architecture.

The initial players in this segment were the big-wigs of Indian real estate segment, but now plenty of new construction companies are entering the market. All the lifestyle apartments in Gurgaon, luxury homes, penthouses and villas come under this segment. New residential projects in Gurgaon, follow a particular theme, for example if they are building on a Scottish theme, the construction will follow basic rules of Scottish architecture.

Indian architecture is not a part of the construction at all, as the houses will have flat tops, instead of slanted roofs and domes, which are typical of the architecture of Indian buildings. The upholstery and interiors consist of light colors such as suede and beige. (https://escapecitybuffalo.com/) While selling such properties, promoters will claim things like, “elegant interiors having designer marbles and mirror finish”.

A 1500 sq ft sized penthouse, built with a particular theme, will cost more than one crore rupees. Maintenance charges for these apartments are separate and generally very high.

New housing projects in Gurgaon, are being launched by prominent builders, on the same lines as the Spanish architecture. The reason for such popularity of foreign themed houses are that people are impressed with their way of building houses and want to try out their style in the Indian scenario.

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Integrated Townships Prove to Be a Big Success in Gurgaon Real Estate

Gurgaon has always set a trend for other cities to follow, in case of the real estate segment. Gurgaon was one of the first cities which organized retail segments such as shopping malls. After that came upcoming residential projects in Gurgaon, the plotted development and now is the trend for integrated townships.

The concept of integrated townships in Gurgaon is being pushed by private property developers. The thought process behind integrated township is that along with residential properties, these spaces will also have commercial spaces and people will be able to walk to their workplaces as well as leisure spaces. These townships define urban living.

gurgaon 21

The property seekers in Gurgaon have received these property developments very well. Corporate firms as well as home seekers are equally interested in these integrated townships. Even the local infrastructure gets a boost because of them. MG Road saw the first phase of development and benefited in terms of infrastructure development.

Many developers benefited from the transport link as they bought land banks near MG road. There was an unimaginable rise in property prices of projects. The occupancy rates of commercial and residential properties in Gurgaon increased, as they were located on the arterial road.

A number of property builders are trying the same formula for real estate on Golf Course Road, Sohna Road and Palam Vihar. These areas have amazing shopping malls and other leisure activities and therefore, property builders are building residential and commercial properties around these malls. Residential plots in Gurgaon are also located around these areas. Thus, the demand for integrated township has increased because of organized retailing and this impacts property prices as well.

Impressive infrastructure, good road and rail network, banking facilities, well developed industrial estates, modern institutes and good communication network makes Gurgaon a very good prospect for having integrated townships.

As Gurgaon’s is located close to Delhi, it is emerging as one of the best destinations for real estate. Consumers are finding it the best city to buy residential as well as commercial properties and integrated townships are the next best thing in Gurgaon’s real estate segment.

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Tips for NRIs to Invest in Residential Projects in Gurgaon

Over the last five years, property prices in India have touched the pinnacles significantly. Nevertheless, for the Non Resident Indians, slight increment owing to the reduction of the rupee against the dollar has played the major role. And this has made investments in India’s real estate sector extremely lucrative for them. Also, as the Union Cabinet has approved the real estate regulation and development bill, the investment in property is becoming more and more transparent as well as better in respect to consumer interest.

NRIs investment

While planning for investing in residential projects in Gurgaon, every NRI needs to go for ground checks. First-of-all, check the nature of the property as according to the guidelines of the Reserve Bank of India, an overseas investor can’t purchase any farm land or agricultural land in India. Secondly, check all the legal documents prior buying the land. In the past, it has been witnessed that NRIs have invested on agricultural land for residential projects without any approval from the government of India. In this case, contracts have been cancelled. Therefore, the best possible way can be investing in new residential projects. Gurgaon is flourishing with different residential projects, where investing is quite profitable.

Below are some important points to keep in consideration before investing in any residential project.

Checking the legal papers: First of all, it is very important to check all the papers, such as all the clearances by law, clean papers from environment and municipal sectors and others. In case of under construction projects, ensure the safe investment with these documents. Also, advisable is the use of the lawyer services to approve the claims as this will cover all the legal aspects.

The purchase documents: A sale agreement is drawn for Rs. 50 stamp paper with the mention of the advance payment, final amount, and time limit to pay the due amount with the complete details of installments.

Taxation matters: Besides registration cost and stamp duty, service tax is charged on the transaction, but it depends on the nature of the property. In case, you are planning to invest in the property constructed by a builder, service tax of 12.36% on 25% on the total price needs to be paid.

One of the preferred investing destinations for NRIs are the plots by Vatika in Sector 82, which are free from all the legal hassles.

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Gurgaon Property Consultants and Dealers

Because of the rapid industrial growth, Gurgaon is considered to be the most preferred destination for realty development. As compared to the neighboring regions, Gurgaon has greater concentration of real estate consultants, agents, developers, as well as investment and construction companies. The city witnesses approximately 25% to 30% growth in the real estate sector. Due to the realty sector playing an important role in the overall development of the city, the part of Gurgaon property dealers becomes all the more significant.

gurgaon property

Property dealers of Gurgaon provide the required professional support for buying all kinds of real estate properties in Gurgaon. There is a massive property requirement in Gurgaon, as it is a major center for real estate in North India. Therefore, the property dealers in the region, not only are well versed with local housing markets, but they are also aware of the legal procedures that have to be followed in all kinds of Gurgaon real estate transaction.

There are property dealers working with exclusive residential and commercial projects in the city. Such new projects have gained a lot in terms of the present value of real estate in Gurgaon – houses, plots, etc. There are a mix of properties available in the region, which include residential houses, independent or builder floors, group housing apartments, luxury apartments, condos, etc. Commercial properties include malls, retail shopping centers, exhibition halls, industrial sites, office complexes, factories, warehouses, etc. These properties are available for rent or lease, sale and purchase, through local property dealers of Gurgaon. You just have to contact a reliable property dealer or a good real estate company in Gurgaon, for any segment of the property you desire.

There is information available on dedicated property dealers and consultants, categorized as per the colonies, locations, areas, etc. This classification of property dealers in Sushant Lok, DLF, Mehrauli Gurgaon Road, Palam Vihar, Golf Course transit, Sohna and other important areas will make property search even more simpler, in the specific areas that you are looking for.

Although there are a number of reliable property dealers, one should be really careful while selecting the right one. The authenticity of the dealer has to be thoroughly checked before approaching a property dealer.

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A Glimpse of the Types of Residential Properties In Gurgaon

There are numerous factors that have contributed towards the rise of the real estate sector in Gurgaon. These factors include favorable climate, proximity to the national capital, impressive infrastructure and immense potential for growth. The city is also known for generating large number of jobs in various sectors. This is one of the vital reasons why people mostly prefer Gurgaon when it comes to buying a residential property. People from various parts of the country gather here for job opportunities – this has resulted in raising the demand for more residential properties like flats, houses and apartments in Gurgaon.

Live in Home

Let’s have a look at the various types of residential properties in Gurgaon.

Luxury villas in Gurgaon – Luxury villas in Gurgaon come with the best possible amenities that you can crave for. These villas are featured with different facilities like swimming pools, health clubs, tennis and squash courts, kids play area as well as high speed Wi-Fi connectivity. These expansive ultra-luxury villas are designed by renowned architects and are at par with international standards. Tastefully designed with Italian marble and hardwood flooring, these flats are equipped with private Jacuzzi, capacious terrace, and front and rear lawns. Besides, you can also enjoy golf park and lush surroundings.

Luxury apartments in Gurgaon – Luxury apartments in Gurgaon offer you an opportunity to fulfill your dream of living in a luxury apartment coupled with all the modern facilities. Spread over a large area, these apartments are designed using cutting-edge technology that set unequaled benchmarks of comfort and luxury. These apartments provide you facilities like unique two bedroom duplexes, clubhouse, sports center, lush landscape and round the clock power supply, just to name a few.

Ready to move in flats and 2BHK flats in Gurgaon – Ready to move in flats in Gurgaon are in great demand because of their wide range of facilities. These facilities include separate room for servant, attractive interiors, marble flooring, impeccable wood works, modular kitchen, swimming pool, club, security, and car parking. Similarly, you can enjoy a convenient living in a spacious 2BHK flat in Gurgaon too. These flats are well-known for their features like pebbled pathways, sporting facilities, gardens and split air conditioners installed in all rooms.