Everything You Need to Know About Gurgaon Real Estate!
The Gurgaon Real Estate Market can be a remarkable place at times, with property buyers paying more than Rs. 30 Lacs for a 1 BHK and spending crores for properties under 2500 sq.ft Because of its natural enormity, this is definitely a large and huge real estate micro-market that is hard to navigate even for the most experienced investors. Here are some interesting facts about Gurgaon real estate to help to guide you have a better understanding of the market.
Property prices are increasing at an unthinkable rate – Go to Any real estate forum will have people discussing the worth of residential properties and how they are becoming out of reach. Even with the present Covid-19 pandemic in mind, residential property values in Gurgaon have increased while property values in the rest of Delhi NCR have decreased.
Why Research Is Important Before Buying Property in Gurgaon?
Because of the New Residential Projects, Gurgaon’s real estate is rising at a tremendous speed presently. Gurgaon offers a wide range of residential options, giving you plenty of opportunities for property purchase or rental.
In Gurgaon, you can easily find 1 bhk, 2 bhk, 3 bhk, and 4 bhk apartments, as well as penthouses and luxury apartments. Buying a property in Gurgaon is a great experience, but it’s also a cautious job, whether you’re looking for your dream home, a second home, or just want to invest. You may have set a budget before purchasing a home, but that’s not all. You should do extra study before purchasing any property in Gurgaon. Here’s a quick checklist to help you.
Know your choices: Check the possibilities when you’ve decided to invest in the property. Choose a variety of flat in Gurgaon that fits your budget, which could range from villas to 3 BHK flats. This should be determined by both your budget and the number of residents.
Know the builder: Once you’ve decided on the type of flat that you want, look into the various builders in your selected neighbourhood. Check the builder’s track record, as well as the property properly, to see if all legal procedures and necessary government approvals, such as licences and permissions, have been completed, and that the property is clear of any claim or mortgages. Also, check into the builder’s financial strength and previous projects.
Know the sole property proprietor: You don’t have to buy the property from a builder, there are various dealers and sole proprietors who act as brokers. Before finishing the sale, make sure you check on them as well.
The Demand for Residential Property is High.
Yes, residential property prices in Gurgaon have risen in recent years and have become somewhat ‘expensive.’ Prices in emerging sections on Golf Course Extension Road have risen by an incredible 6.97 percent since January-March 2020. An apartment in Sector 65 Gurgaon, which was formerly available for Rs. 8,840 per sq. ft., is now available for Rs. 9137 per sq. ft. However, there are still many emerging areas along Golf Course Extension Road with stable property values. Gurgaon real estate is unpredictable and difficult to predict.
The real estate market in Gurgaon is boosted by well-paid working professionals and the business elite
Are you curious as to why housing prices are so high? Working professionals and business schools with huge pockets are to blame. According to many statistics and data, roughly a quarter of India’s billionaires call Gurgaon home or second home. Moreover, there are numerous paid MNC employees who are willing to pay any price for luxury homes in gated communities. As a result, well-known real estate developers such as DLF, Tata Housing, and Godrej Properties are constructing luxury residential buildings with the best features and amenities.
When it comes to the Gurgaon real estate, how can we forget to mention M3M Capital in Sector 113 Gurgaon. The famous residential project is known for super-luxury features & the most expensive homes. This residential project launched in 2021 at Rs. 8850/ sq. ft. and now is available at Rs. 9250/ sq. ft. According to real estate experts, the total value of this project is approx Rs. 1.5 Crores and most of the buyers of this residential project are belong to Delhi NCR.
Most Expensive Office Spaces
This region has its own special identity of being an IT hub of North India, because of the numerous MNCs residing there. Gurgaon is not only a desirable place to live, but it also serves as a hub for business development. However, purchasing or leasing commercial property in this city is not inexpensive. Gurgaon’s commercial space is among the most expensive in India.
Important Investment Locations
The majority of the projects along the Southern and Northern Peripheral Roads, as well as the NH-8 junction, represent potential investment opportunities. Sectors 99-112, 78-81, and 85-86 are other important regions to consider when purchasing a home. These areas are equipped with all modern amenities and provide easy access to important locations.
The Delhi-Gurgaon Expressway, which is part of the National Highway 8, provides great connection between Gurgaon and Delhi. The Expressway and Mahatma Gandhi Road (Ring Road) or the Mehrauli-Gurgaon Road are alternative options for getting to Delhi. NH-8, Sohna Road, Pataudi Road, Mehrauli-Gurgaon Road, Golf Course Extension Road, Faridabad Link Road, and Jhajjar Road connect the city to various regions of the NCR.
The Dwarka Expressway, commonly known as the Northern Peripheral Road (NPR), will link Dwarka to NH-8 at Kherki Dhaula and pass through Pataudi Road. To alleviate traffic congestion, the connecting roads to New Delhi have been widened. To improve traffic flow from and to Delhi, an eight-lane toll expressway is being built. Gurgaon real estate prices have increased as a result of the improved connectivity. The city is less than 20 kilometres from the Indira Gandhi International Airport and has excellent connections.