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The Present Scenario of Residential Properties in Gurgaon

rovision of 24 hour power backup and water supply in all the apartments, flats and villas.Gurgaon is one destination that has attracted millions of property buyers and sellers from all over India. The rapid development of the city is one of the major reasons for the rising demand of residential properties. Everyday new companies and businesses are being set up in Gurgaon and more and more people are coming forth to work in these companies. People who come from different cities require a comfortable and safe place to live in. On looking at the growing demand for residential spaces in the city, various builders are coming up with new housing projects in Gurgaon.

Residentail properties in Gurgaon Continue reading “The Present Scenario of Residential Properties in Gurgaon”

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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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Things to Keep in Mind While Purchasing a House in Delhi-NCR

There has been a steady increase in the cost of properties in metropolitan cities. Urbanization has led to multiple job opportunities in the capital and surrounding areas. People from neighborhood villages and towns are going to Delhi and National Capital Region in search of better opportunities. This has resulted in an increasing demand for real estate in these regions.

Everyone wants to own a house or an apartment, in a good housing project in NCR and Delhi. Real estate investments in these areas are the hottest deal in terms gaining a huge profit in a limited span of time. These investments can be long or short term investments as per the capital available.

home in gurgaon

Gurgaon residential properties are also very popular for investment purposes. But, such investments are risky, if not done at the right time. Researching about the property is probably the most important thing to do while investing in a house. Lack of information can either make you lose on a good investment opportunity, or can lead you towards making a bad decision. For an average person, this is probably the most important and expensive decision of their life, so one has to be really careful while choosing a property.

Following are some of the things to remember while purchasing a house in Delhi-NCR:

  • Check for the registration of the real estate developer
  • The property should be legal and should follow all government rules
  • The area should have good connectivity by metro and road
  • The housing complex should have ample parking space
  • Healthcare and other services should be easily available
  • Uninterrupted electricity and water supply
  • Surroundings should be beautiful with availability of greenery, open space, fresh air and sunlight.
  • Proximity to schools, hospitals, parks, etc.
  • Availability of good security, elevators, power backup, etc.

The rate of the property, amenities and the locality around the premises, are important factors while preparing a budget of the property. Apart from houses in Gurgaon, other property options available are luxury apartments, flats, plots, villas, bungalows, etc. Good commercial properties are also available in Delhi-NCR and can be bought in a similar way. Properties in Gurgaon, new residential projects in Jaipur, Ambala as well as Faridabad, offer some amazing real estate options at affordable prices.

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Why Conducting a Research Is Important before Buying Property in Gurgaon?

Today, the real estate in Gurgaon is growing at a tremendous speed due to the new residential projects. Gurgaon has a huge variety of residential options, which provides you an ample number of choices to buy or rent properties.

You can easily find 1 bhk, 2 bhk, 3 bhk and 4 bhk houses in Gurgaon, along with penthouse and luxury homes in Gurgaon. So, whether you are planning to buy your dream house, a second home or just willing to invest, buying a property in Gurgaon is a great experience, but at the same time a cautious job. Before buying a home, you might have decided your budget, but that’s not all. You need to research more before investing in any property in Gurgaon. Here’s a short checklist to make your work easy.

Steps to Help You Decide Before You Buy

  • Know the options: Once you have decided to invest in the property, check the options. As per your budget, choose the type of flat that might range from villas to 3 bhk flats in Gurgaon. This should depend upon your budget as well as the number of occupants.
  • Know the builder: Now when you know the type of flat you want, check different builders in your preferred area. Check the builder’s track record, about the property as in if all the legal formalities and necessary government approvals like license and permissions are sanctioned or not, make sure property is free from all types of claims and mortgages. Also, search about the financial stability of the builder and see the past projects.
  • Know the sole property proprietor: It is not necessary that you get the property from a builder; several dealers and sole proprietors are there who work as a middle man. Make sure you check about them as well before finalizing the deal.

Apart from the above mentioned points, ensure that it is safe to invest in the property; for example, no family dispute against the property, no third-party claim and no silent agreement should be associated with the property. Moreover, ensure that you deal only with a reliable dealer and each and every procedure moves a step forward only after your assurance. In order to buy a house without any problem, it is very important to go for a thorough research before purchasing the property.