Gurgaon has emerged as one of the best locations for investment in India. In fact, the rates of property in New Gurgaon area have gone up massively, which has made the Millennium City, one of the ideal places for residing and enjoying a relaxed, composed and sophisticated life. This is exactly why leading and reputed real estate developers in India such as Tata Housing, DLF and M3M India Ltd. among others are now focusing on the construction of high-quality, fresh and spacious homes for individuals from all walks of life. Here, discover more about some of the top-rated residential projects in Gurgaon and why you must invest in them.
The rise of capital values of residential properties
It has been noticed that over the past one or two years, the capital values of residential projects has increased by 30 to 35%. Most developers are now slow in executing the projects in Gurgaon which has resulted in a drop in supply of residential apartments in most of the prime areas. It has been noticed that lateral hiring by the corporates has increased over the years which has resulted in improving the whole job scenario in the country. People have more money to spend which means that there have been more investment opportunities. Much of the investment has been happening in the mid-income and affordable segment. When people have more money at their disposal, they will look for more residential apartments in Gurgaon.
Renovated property looks good; but will it suit your needs?
Gurgaon has seen a slump in real estate in the past few years; there have been cases of unsold inventories. Many of the projects are getting a facelift. But you should be careful. Are they masking the flaws behind the redecoration project? If a property is not in its original state, it shows that you are paying for some ‘improvements’. It will add to the price, but will it suffice your needs in the long term?
A checklist of some sort, especially, noting the dos and don’ts will actually help you to have a perspective before investing in any property!