To Be Considered When Investing In Property In Gurgaon
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Detailed research needs to be done After selecting the type of property, one needs to make a detailed research before actually investing in the property. The research will vary depending upon the type of property one selects. The research may include looking for property values, to what extent they have changed or changing currently, which locations are more popular for purchasing a particular type of property etc. for example in old Gurgaon or new Gurgaon. A good realtor can help the first time investors in finding what locations are most popular where major projects are about to begin. The realtors are experienced in their fields and they have an idea of the properties that are likely to rise in value. They can also give information on comparables, zoning and other data that will help the investor to make the right choice and maximize profits.
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Always be specific When one is investing in Gurgaon property for the first time, be specific about what type of properties they want to invest in commercial or residential properties. This is necessary as it helps in narrowing the search and refining the kind of search one will be doing for each of the property type. It also helps to find out the specific realtor dealing in particular type of property that one has chosen.
When comparing both of them, it is seen that the development around Southern Peripheral Road is going at a rapid pace with developers like Unitech, DLF, Vatika, etc building residential houses. This road also connects you to MG Road; NH8 which leads to Delhi and Jaipur. With metro coming to this region in the near future makes it a hot spot in Gurgaon for your home.
The magic figure 1 crore that we were so used to hearing from our fathers has lost its credibility in todays market. But let me remind you that this magic figure still exists in Real Estate in Gurgaon. Those who are planning to invest in Real Estate in Gurgaon and have a budget of 1 crore, dont shy away. The two important developments which any investor or end user of residential or commercial property may like to note would be the Southern Peripheral Road and the Northern Peripheral Road as specified by the Gurgaon Master Plan 2025. Most of the developments are happening in these areas. The SPR and NPR together would form a ring around Gurgaon and connect Palam Vihar and MG Road through NH-8 near village Kherki Daula.
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On the other hand, when comparing it to the Southern Peripheral Road, we have the likes of Unitech, Emaar, IREO, etc dominating this region. 2 to 3 bhk apartments ranging from Rs. 85 lakhs to about Rs. 1.5 crore and it can also go over Rs. 3 crores. This region has the most luxurious living life style as compared to the Northern Peripheral Road.
