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It's Gurgaon if there is one city that takes the cake for being the most modern and has the potential to be a global city. Seen to be India's next financial capital after Mumbai, because of its strategic location and close proximity to the National Capital Region, Property investments in Gurgaon has attracted business giants, businesses and entrepreneurs alike.
Appropriately situated at the foot of the Aravallis, Gurgaon has grown into a world-class city and has also become an investment destination for homebuyers and investors. A city with nothing is not called the Millennium City.
Gurgaon is home to 250+ Fortune 500 businesses and has a culture of entrepreneurship that can rival any other Indian city. Owing to its excellent location, smart infrastructure and robust investment opportunities, the city is the first choice for high-end corporate offices.
In the league of the fastest-growing cities in the world, Gurgaon boasts a hyper-urban look. Realtors have therefore come up with exclusive residences that embody the city's futuristic character to meet the aspirations of millennials and people of Gen Z who want to make this city their home.
Here are some items to take note of before finalising a deal for those mulling an investment in this Gen-Next City.
For mid and upper ticket housing units, Gurgaon was the preferred destination. The burgeoning corporate centre has fuelled housing demand. The market is transparent and things have begun to change at a good pace since 2019, despite prices dropping by 7 percent in the last five years. Real estate experts say that as many projects are being launched in this segment, Property investments in Gurgaon will take a lead in affordable housing.
If you are an ordinary family living you will find the best budget home in Gurgaon, according to the venue, the expenses will amount to 10-15 lakhs after taxes.
The costs linger in the range of 15-22 lakhs after tax for families looking to live the plush life.
Your expenses will be 25-40 lakhs for an extravagant lifestyle with the comforts and pleasures under the sun, tax included.
As a prospective homeowner, before you spend your hard-earned money investing in a new house, there are some variables that you need to remember. You are likely to pick a prime spot, with all the comfort it provides, if you're like most investors. The problem, however, is that they don't come cheap. Having said that the fact that these locations mostly offer a greater return on sales and rentals must also be acknowledged.
Find a list of prime residential areas below that are suitable for setting up a new home in 2020 if you are considering Gurgaon.
Northern Peripheral Road (NPR) or Dwarka Expressway as it is commonly called, if you are looking to invest, is a well-known and preferred venue. The return you will eventually get on your investment is one important consideration to remember when you buy a house. The best investment is residential estate, ensuring a decent rate of return. An eight-lane highway connecting Dwarka to Gurugram, especially for commuters, makes for a good residential area.There are malls, cinemas, colleges, and hospitals to take care of all your immediate needs, so you don't have to go far if you're concerned about what the town has to offer. You will get here the best budget home in gurgaon.
With many ready-to-rent flats, when it comes to luxury furnished apartments, Sohna Road is a gold mine. This area is favoured by a variety of individuals seeking to move, surrounded by malls, restaurants, cafes, supermarkets, multi-specialty hospitals and medical shops. Sohna Road is close to a range of offices and entertainment centres, and for those who love to be right at the centre of things, it is a good investment.It is also well located for those who fly regularly, approximately 30 kilometres from the airport and 20 km from the railway station.
This is bound to intrigue you if you're looking for a spot that's secluded to get away from the city's hustle and bustle. The Extension Road of the Golf Course is well linked to New Gurgaon and Sohna Road and provides all the facilities and amenities you need to set up your house. It is easy to take care of malls, schools, hospitals, banks and all your everyday needs without you having to drive too far. In the city, there are several continuing construction projects, most of which are real estate.
Sector 42 in Gurgaon is a prime residential location. You should consider this area, which is conveniently located near HUDA City Centre metro station, if you are planning to invest in luxury apartments. So there is no problem with commuting and connectivity here and you should have no problem getting around. Next to a range of buildings, Sector 42 is located and the international airport is approximately 16 km away.
Due to the great connectivity that the place provides, you might want to live here. This neighbourhood is growing at a steady pace, strategically located close to Gurgaon's arterial roads, such as Rajesh Pilot Road, Gurgaon Faridabad Road and the DLF Golf Course Road due to which,it is one of the best property investments in gurgaon. You will find that malls, colleges, hospitals and banks dot the area, so it is unlikely that you will face any inconvenience.It is not a challenge to travel to other parts of the city, as the Sikandarpur metro station is located a short distance away. The international airport is 21 kilometres away.
Looking for a spot that's not going to burn a hole in your pocket? Sector 24 has what you're looking for, probably. You can invest in apartments that are plentiful in the area, as well as individual homes. Sector 24 is a prime location in Gurgaon and it is sure to give you a decent rate of return, given all the convenience it provides. Here there are offices of many well-known businesses, which is another contributing factor to the place's success.In the city, there are many shopping centres and other recreational centres, making it a nice place to settle down. Sector 24 is one of the best sector to invest in gurgaon 2020.
You can check out Sector 25 if you've been considering investing in real estate for interesting property investments in gurgaon. Not only is it situated at a junction that gives the rest of Gurgaon easy access, but to make your stay more convenient, it also has a variety of shopping malls, schools, banks and hospitals. Several infrastructural developments are also underway in the region.You can choose from a broad range of luxury apartments or private houses, both of which, if you want to rent them out are likely to give you a good return on interest and a good rental income per month. Commuting is not an issue since the region is well connected and all your transport needs are easily met. The international airport is only 11km away. Sector 25 is one of the best sector to invest in gurgaon 2020
Parents with children attending school can consider investing in Sector 59. With all the facilities and amenities you need the area is well-developed. There are a variety of schools and institutions of higher education in the city, as well as prominent offices that make this the perfect place for a family to settle down. As the area is well-connected and well-developed and the airport is only a short distance away, there should be no problem with commuting.
1. Identify location potential: Gurgaon is on the cusp of a boom in housing and infrastructure. Millennium City is gradually saturated, it is important to recognise potential in the position where the property is located. Two locations that have excellent capital appreciation features are Sohna Road and Dwarka Expressway. In Delhi and Gurgaon, the regions are also well linked to prime locations.
2. Development plans in the vicinity: Look out for potential construction plans in the region if you have reserved a project in a locality. Developments in social infrastructure go a long way in improving the area's living ability index and amplifying property prices. As they often invest in assets chosen by reputed project builders, careful research in the field is done after the plans.
3. Go for a reputed builder: At Gurgaon, you'll find projects coming up in every nook and cranny of the city. Homebuying is a one-time purchase that requires investments for a lifetime. So it is important that you go to a trustworthy builder to save yourself from potential property problems. Some of the names to look out for are Godrej, Shapoorji Pallonji, Emaar, DLF, Hero Homes, M3M. Such things that go well with reputed builders are quality building and timely delivery.
Business and Social Infrastructure: One of the best business hubs in India is Gurgaon. Gurgaon put a broad Business Park City roots in offices and help in almost all Silicon Valley strategic places in businesses, so it is a hive for job formation. The city boasts the best restaurants, shopping centres, educational institutions and transport facilities, all designed to comply with European standards.
Unrivalled residential projects: In Gurgaon, ask someone and they'll say that their living standards are a class apart. With breathtakingly stunning suburban estates with vast green areas, walkways, roads and gardens, the urban population has a sophisticated lifestyle. Loads of lifestyle & healthcare features and relaxing zones come with the residential options. The residential developments are strategically designed so that residents can access important points of the city seamlessly.
Connectivity: Gurgaon is a paradise for commuters so that’s why it is good for property investments in gurgaon. The city has a strong transport network with excellent road networks and access by metro to the city's strategic points. The suburbs of the city will be further linked to its transport network through future metro projects. For individuals looking for a home in the Millennium Area, the seamless connection with Delhi is an added boost.