property in gurgaon
Showing posts with label property in gurgaon. Show all posts
Showing posts with label property in gurgaon. Show all posts

Crux of Investment Scenario in Gurgaon


If you are keen to search for your new or may be next property in Gurgaon, then you have to get your researching tools right. Put your walking shoes aside and walk through the internet to know which property is right for you and which is not.  Zooming on the already developed sectors of the millennium city you shall know that investing here would fetch quite good returns. Head on further towards the new stretch of land popular with the name of New Gurgaon and you shall know that investing here would mean even better.

Why is that? Well, when you are investing your money in a Luxury Apartment in Gurgaon, it is not just those square feet of land occupancy but much more than that.  It is a much deeper affair with the land that is keeping its charmers busy finding the best available option.

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For example, let us just take two popular options like Microtek’s Greenburg, situated in sector-86 and Ambience Creacions near NH-8 in sector-22, both in Gurgaon. Both of the projects are built by real estate moguls but are located at two different prime locations. Sector-22 in Gurgaon is located near the NH-8 nearest to South Delhi on Old Delhi Jaipur road, giving easy access to Dwarka Link road, Bijwasan road and Gurgaon town while sector-86 is slated to become the new epicenter of life and business. This sector also well within the reach of NH-8 and is close to the inner parts of Gurgaon linking Manesar and KMP expressway.

The idea is, if you invest in the parts of Gurgaon which are still upcoming it shall cost you less fetching gradual and good returns while, if you invest in parts of the city which are already evolved then invest in heaps to get it double soon.
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Malls on the Golf Course Road

Gurgaon, just 30 years old, has prospered at a commendable pace. There are investors from all over the world, and not just India, eyeing on the most popular Golf Course Road in Gurgaon.  This road is particularly dedicated to those who can shell out huge chunks of money for investment.
The road boasts of premium localities such as DLF Phase 1, DLF Phase IV and DLF Phase V in its neighbourhood, making it as an ideal residential location. The locality offers high end projects in a wide price range as well as plush malls populating the road.
If you already own a house on this road, then you must also know about the malls and amusement centres situated in and around it. Some of the malls on and around this road are:
DT Mega Mall

Go shopping, splurge, enjoy, watch movies and have a gala time with your family or friends in this mall.  The mall also has the famous ‘Hang Out’ zone which is a complete family entertainment centre. There are jungle themes, indoor play area for babies, toddlers and young children. Head out for this popular destination and enjoy the jungle themed restro/bar, celebrate parties, events in its zone; just indulge.
DLF Galleria Market

Slightly away from the golf course road is sector-43, Sushant Lok 1 where this market is located. It is an ideal place for weekend shopping, appliances repair, clothes stitching, pet care, hair cut, beauty care, pooja shopping & more.
South Point Mall

The South Point mall is located in sector-53, DLF Phase-V of Gurgaon, near Genpact and is intended to cater to the current and planned residential projects in that area like The Aralias, The Magnolias, The Princeton, The Carlton Estates, Trinity Towers, etc.
Central Plaza Mall

This one is near the famous Parsvnath Exotica project in sector-53, giving you wide range of options for eating out.  It is located on a 60 meter wide road. One of its kinds, this mall boasts of a revolving restaurant and a discotheque.  It also has super markets, sweet and confectionary outlets, snack counters, food court, gift stores, ATMs, coffee parlors, apparel outlets.
Global Foyer Mall

Located in sector-43, Golf Course road, this mall is more of office space with less than 1/3rd of the space kept for retail. The mall boasts of a three level parking with the capacity of 1000 cars.
The commercial Property in Gurgaon has seen a major leap along with the residential. Living in Gurgaon is all about plush living around swanky malls, wide roads, highways, metro rides, rapid metro experience, state-of-art infrastructure and MNCs. Investors from all over the world eye on the Golf Course Road, Gurgaon for a smart investment. What’s your take?
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The latest trend of buying flats in Gurgaon


It is believed that the banks of the rivers are the most fertile region for farming, similarly; a highway runs like a river providing a fertile bank for the real estate activities to prosper.  Such is the case with NH-8 that runs across the length of Gurgaon, turning it into a millennium city.

30 years ago, there used to be literally nothing, not even a single person, ready to look into that stretch of land, forget about investing in it.  And today, the city stands as the leading financial and industrial hub of India with posh residential establishments populating it. Top-notch MNCs like Sapient, Dell, Microsoft, Mc Afee Inc, Wipro, TCS, Siemens Power Engineering Pvt. Ltd and many more populate the city along with Indian companies like Maruti Suzuki India Ltd, DLF, Eicher Motors, Max New York Life and the likes. Today, you can compare and choose the best parts of the land within the city which shall provide you with best returns in future. That is the level it has reached.

The real estate industry had actually seen a boom period because of Gurgaon. The city is a reason of creating many job opportunities not only in the city but in India and even internationally. In a recent statement of Google, it said that it is a key influencer in letting the investors decide which property to choose and where. These decisions are worth $43 billion for Google.

Comparing the stretches of land within Gurgaon has brought the city to a level where its certain parts can be called developed, developing and under developed. The Ambience Group, which has its multiple projects in the city with both commercial and residential, has Ambience Creacions in sector-22 which can be classified under the category of developed stretch of land while that situated in the stretch of emerging or developing category can be that in sector-86, New Gurgaon, Microtek Greenburg.

Your search, for example, for 3 BHK apartments in Gurgaon, can be based on these outputs as the property prices varies with the development that takes place.  According to the current real estate trends, which is not so promising, the builders are stocked up with their inventories and are not finding any buyer even after lucrative one plus one deals. Yes! I am talking about buy one flat and get another absolutely free.


Thinking of a resolution to this, the builders are now shifting their focus from building large projects to smaller ones. How will it affect the end users? For example, if one is searching for 2 BHK apartmentsin Gurgaon, the builder’s focus will be to deliver a 2 BHK within an area of 500-600 sq ft which otherwise would have been 1,000-1,100 sq ft, with an obvious price correction. So, that is how the buyers will be catered in the coming times in Gurgaon.
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Gurgaon: A Heaven for Investors

Golf Course Extension Road, Gurgaon

 Gurgaon is the perfect example of how industrialization changes the face of a land which was once uninhabited. Situated over 30km on the south-west region of Delhi, the millennium city has invited a huge number of working professionals who are drawn to the city like a bee to honey. Then there are local and national real estate developers who have designed the city and carved a number of modern skyscrapers loaded with state-of-art amenities. Investors look forward to invest in this stretch due to the plush greens and spacious apartments with a 2 BHK spread across 1200 sq ft. onwards. 

Most preferred hot spot investment destinations in Gurgaon are Sohna Road, Golf Course Road, Golf Course Extension road, Sushant Lok, and Dwarka Expressway. With most of the MNCs situated in these areas, it has become one of the best for rental hotspots. Prices in this area fall in the range of Rs. 6,000 to Rs. 25,000 per sq ft, depending upon the location of the house, brand of the developer, amenities and stage of construction. 

New Gurgaon road is also one of the best emerging real estate location apart from Sohna road. Giving the investor a handsome appreciation, the location is deemed to fetch a good return upon your investment.

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The city also promises swift connectivity making the property value rise with the rising amenities. With major highways like the NH-8 connecting Delhi and Mumbai known as Delhi Mumbai Industrial Corridor (DMIC), mushrooming of industries have taken place with it. Another stretch is the Kherki Dhaula stretch situated on the Delhi-Gurgaon border where the real estate activity as also boomed. The IGI airport is the most important link for Gurgaon’s connectivity since it is not just the Indians who are keen to invest here, there are foreigners too in the list. Apart from all this, there is Delhi metro and DLF’s rapid metro which gives a swanky factor to the place.

A recent report by Fitch states that by March 2016, it is likely that the investment climate in the country shall improve. So, why wait till next year? Start searching for your property now and earn rewards by the next year. 


The Author, Sheffali Narang, described the spate of Gurgaon and how is it a heaven for the investors. She writes for a real estate consultancy which deals in Buying/Selling/Renting Flats in Gurgaon and Flats in Delhi.
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Venturing into a real estate business?



Howsoever luring it may seem being a real estate agent in India, it is the toughest business to pursue one! Apart from determining your capability, you have to earn the trust of your clients which will be your actual license to flourish. It is also about your networking skills and keeping yourself updated about the latest trends of property, at least of the area of your interest. For example, flats in Gurgaon or flats in Delhi, their prices, availability, prospect of future development of those flats, what sort of buyers will you get, high end luxury housing, middle segment housing, comparing it for the buyers to get the best value of money for them.

Real estate brokerage is seen as a respectable white collar job in the west while the trend is exactly the opposite in India.  In the west, there are certain defined guidelines like: you ought to be at least 18 or 19 years of age having completed your pre-license education. Then, you have to pass your licensing examination (administered through an independent test vendor), apply and submit a completed application, electronic fingerprints and appropriate fee to the state real estate commission to start your own venture.

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In India, first of all, there is no such mechanism. Even a paanwala, your laundry boy, your watchman, delivery boys or a rustic shopkeeper is a pro in it. They just need a scooter in working condition to sway you off making you believe their every word. Hefty commissions and quick money making lures them to venture in while they bank upon their networking skills. The immediate picture one paints of a local real estate broker is of a middlemen (which may later be qualified as a conman), charging hefty commissions for merely connecting the buyer and the seller, and gets out of the picture once the money is received. These are the freelance brokers who have no idea about how professionals actually work to satisfy their clients till the deal is closed.

In this way, the client/ the consumer market for real estate in India is not able to retain any trust in the broker. With the consumer experience largely negative, they have to run alone from pillar to post to complete their paper work and other formalities.

However, there are professionals in this field too who know each and every aspect of the real estate. They know the real work as they apprise the client with all the documentation required, makes him aware if the property is under any litigation or is free from it. A professional knows the trend in the market and passes on his expertise to help his clients choose the best option available. It is his duty to do the verification of the property before offering it to his clients. He is well aware of the upcoming policies of the government so he advises the clients accordingly. With his expertise consultation to value the property he is well trained on how to close the transaction as well.

A lot of people aspire to be a real estate agent but there is a thin line which precipitates the good and the fake. It is the attitude of being professional and having a keen desire to solve the need of the client rather than eyeing on the huge chunk of money. The best real estate agent in this world may not have the best education but should have the best character so that he may muster the courage to do what is right for the client. Keeping ethical practices as the crucial factor in your daily dealings shall soon make you earn the tag of the most popular and sought after agent.

Author: Sheffali Narang is presently working as a content writer with a real estate consultancy. She has an experience of more than four years in the print media, public relations and online content marketing industry.
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