What Makes Gurgaon The Most Suitable Place To Buy Property Within Delhi NCR?

In a span of few decades, Gurgaon has emerged as a major commercial hub in its own right. With more and more multi-national companies setting up their offices in this part of NCR, there has been a surge in demand for rented accommodation and residential townships. If you want to invest in property or get a good rental income, then Gurgaon is certainly the place.

Introduction

As compared to other cities in the country, Gurgaon has experienced a boom in construction activities to meet the needs of corporate houses who have set up their offices and factories here. The introduction of rapid metro in the city has improved its connectivity, attracting more working professionals to settle down here. Consequently, there has been great rise in the demand for rental property in the city. So, if you go buy the ongoing property rates in Gurgaon, you will find that the residential housing projects which are coming up in areas like Dwarka Expressway, Golf Course Road and Sohna Road are some of the mostly highly priced. Property rates in Gurgaon have gone up considerably in the recent past.

The major reason why these properties are highly valued is the fact that they not only have a good location but have the latest amenities as well. The land acquisition policy in Gurgaon is one of the best in the country, and so builders don’t have to deal with too many regulations, as the state government provides landowners with annuity payments for selling their land.

Thus, if you are planning to invest in properties in this part of NCR, then you need to keep in mind a number of factors like location, infrastructure and timing of investment in order to suit one of the best locations within the city. The market value of good residential properties goes up within a short span of time. Therefore, a comparative analysis of all upcoming areas of Gurgaon is necessary to find out a housing project where you can acquire a housing project within your budget.

Here are some areas which you need to stress on in order to acquire one of the best properties in Gurgaon:-

Location of the Property

Most of the offices in Gurgaon are centered in or near the National Highway 8 due to its good infrastructure and connectivity with Delhi. If you want to lease out your apartment in Gurgaon to working professionals in the future, then you should look for properties which are close to the area. The projects which are coming up in locations like Sohna Road and Dwarka Expressway have excellent connectivity with the IGI Airport as well as metro railway. The residential apartments which have a suitable location are always in high demand. Therefore, you should focus on the location of the property.

Infrastructure

Once you select a property, you need to find the infrastructure of the housing complex as well as neighborhood in which it is located. It needs to have round the clock access to water and electricity. Find out whether the area has all weather roads or not. How is the drainage system? Hope there will be no water clogging during monsoons!

People seeking property on rent in Gurgaon want to have access to apartments which have a power back up system like generators. Therefore, when you get in touch with a real estate agent, find out in detail the exact amenities they are providing as part of the project. The apartment which you are planning to buy should also have a good drainage system and adequate parking space. Check whether the apartment is equipped with fire and gas alerts and round the clock security facilities or not.

Timing of Investment

You should note that good properties are always in high demand and tend to get sold out within a short span of time. Therefore, to make certain that the opportunity to invest in a good apartment doesn’t go out of your hand, you should collect all information regarding the existing property rates in Gurgaon. You can take the help of some property related websites or a property dealer in this regard.

Once you gather information about the existing market values, you can start collecting the necessary funds so that you can book the apartment which you want to buy within time. Most people fail to do so as they don’t plan the process beforehand. Therefore, apply for a home loan with sufficient time in your hand so as to make sure that you acquire the amount of money you require to buy property in one of the most upcoming parts of Gurgaon.

Conclusion

Buying a well-furnished property which provides a good rental income in the long run requires a lot of planning on part of the property owner. Once you have bought an apartment of your choice, you need to make sure that it has proper sanitation and ventilation facilities along with regular access to power and water supply. Well-furnished properties are always in high demand by people who seek to stay on rent. But to make sure that you have a steady rental income, be very selective while choosing people to let out your property.