Gurgaon: a promising real estate

The recent realty market surveys are claiming Gurgaon realty as the most promising market of the northern India. The property growth has been enormous in the city with a reported increase of 10% every year or may be more depending on the location.

The city is close to the capital with a well developed connectivity through expressway and metros. The commutation time between the city and the capital is lessened greatly with the onset of metro trains.

The property rates in the city are increasing at a very rapid pace. In fact there is an increase in the rate every month. The property rates are highest amongst all the NCR cities including Noida, Ghaziabad and Faridabad. The Gurgaon real estate has shown a remarkable appreciation as compared to the other NCR cities thus drawing a large number of investors too.

The property rates are still rising with no signs of stopping. Even during the Global recession the real estate Gurgaon remained stable with no fall of property prices. The property market is therefore considered to be a very promising market and is the most lucrative option of investment right now. The properties in some of the locations have shown a growth of 10-12 times the initial cost price.

Investors are thronging the market to buy residential and commercial properties in the city. The development of the city is further expected to increase the rates of the property. The population of Gurgaon is nearly 2 million emphasizing the requirement of the commercial and residential properties in the city.

There are many affordable options of housing coming up in the city. Most of the affordable properties are coming up in far off sectors of Gurgaon such as sector 80, 81, 82, 90, 91, 92, etc. The properties launched in these sectors are a bit cheaper and a lucrative option of investment too. Many investors have purchased properties in the region.

The realty market in Gurgaon is supposed to be the most profitable market where investment is giving assured and high returns. The commercial as well as residential properties are equally profitable propositions of investment in Gurgaon.

Property rates are showing an upward trend

The realty market in India is constantly witnessing an upward trend in the last few decades. The rates of the properties are increasing in all the sectors of the realty market. The primary reason is the developing phase of the country and a spontaneous growth in all the sectors. The ongoing development in all the fields has a direct impact on the realty market. The realty market is flourishing due to high property demand for various commercials and residential projects.

The Indian developers have a laudable contribution in the development of the leading Indian cities as contemporary towns, for instance the recently developed cities such as satellite city, Noida; millennium city, Gurgaon and high tech capital, Delhi. The builders have adopted international standards of construction to develop many outstanding commercials and residential edifices. The rates of properties in Gurgaon are rising very rapidly.

These high-tech buildings thus developed have a direct impact on the infrastructural development. The infrastructural growth in all the developing cities has speeded increasing the property rates. The development of a residential complex or a commercial center leads to the development of transport, roads, power supply and other civic amenities for the people. Thus the property rates are bound to go up.

Besides the ongoing development, the other major cause of rising property rates is the interest of the foreign investors in the Indian real estate. The tremendous property growth has lured many foreign investors in the Indian market. Many foreign investors have invested in the property in Gurgaon. Global investors and developers have also lead to a stiff competition in the realty industry.

One of the other main reasons of the rising property rates in gurgaon is the inflation in the Indian economy. The construction cost is nearly doubled in the last few years. The cost of the construction materials, accessories and labor has increased to such a level that it is beyond the reach of the common man to build a house.

Owing to the high property rates the best option to own a house is to buy it rather than building it. The trend of constructing a house is declining and the trend of buying a house from the builders and developers projects is the most reasonable way to possess a property these days.

Different Ways of real estate investment

Real estate investment has gained impetus in last few decades in India, not only because of the high earned profits but the relaxation of investment norms and easy loan availability. The article acquaints you with the various investment approaches of the real estate market. Besides possessing a home for your self, you may enjoy the multiple investment opportunities in the sector. Different ways of planning your real estate investment can make you earn varied profits. Let’s see how.

Renting the property

In this kind of investment the buyer intends to rent out the purchased property. Besides owning the property, the kind of investment offers a simpler and a steady source of income for the buyers. The option of purchase may include a residential or a commercial property. The commercial properties tend to be pricier as compared to residential properties. If you want to enjoy high rent profits, you need to make bigger investment of purchasing a commercial property. However, a residential property too can earn you substantial profits but well thought-out and vigilant approach is a prerequisite.

Renting a property is undoubtedly a profitable deal. Although, the owner is liable to pay the maintenance costs, utility taxes, house tax etc. but being a landlord empowers him/ her to charge enough rent to support all such expenses. Moreover, the rent period of the property bestows you with double advantage. Besides monthly income, the property simultaneously accumulates the increasing appreciation value in the market to reap good returns, if you plan to sell it in future.

Investment in Land

In this kind of investment “a property is developed on a property”. For instance, a purchased land is utilized to build multi-story apartments where buyer pays only for the land and end up building many apartments to earn enormous profit. Many buyers have gradually developed as builders or real estate developers with this way of real estate investment. Many land buyers simply retain the property and sell when it is real profitable but this kind of real estate investment usually demands longer duration of property on hold.

Real estate trade

this is the most prevalent form of investment in the real estate deals. Such investors “buy properties from properties” but for the purpose of making money. Such a buyer grabs a potential property to earn high appreciation in shorter duration where buyers are usually the property professionals carrying market experience. Such properties are available in remote locations or locations under the proposed development plan of a city which ensures massive development in upcoming years.

The real estate potential of remote areas has higher appreciation probability than developed areas nearing saturation. Such areas may not be judicious for dwelling but a lucrative opportunity to invest. Purchased property should have short term retention to crack a highly advantageous deal. A buyer must keep-on consulting a real estate agent to seize the appropriate time to embark on a profitable deal. However, a buyer may face hardships in this kind of investment to keep property on hold for longer durations in case of market slump or sluggish area development. Short term investment may unexpectedly become long in such a scenario but the possibility is rare.

Adding value to the property

There is another category of investors who purchase devaluated properties at reasonable or cheaper prices with an intention to renovate and extract the maximum benefit from the revamped property. For instance, an investor purchases a house in unfurnished conditions readily requiring renovation. Refurbishing it may take some time but adds value to such a property. The investor then vends the property at higher rates to earn substantial profits.

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Benefits of business of Gurgaon properties

Although many business opportunities are enjoyed by the Indian population and facilitated by the government policies in our system but property dealing business is one of the most widespread in Indian cities.

Property dealing offices are mushroomed all over the city in Gurgaon. Property Gurgaon business can be a flourishing one and has almost negligible prerequisites to start it. A property dealing business does not require much investment. You may even start the business from a small office at your place. It doesn’t matter if you are a qualified person or not. The only perquisite is the dealing and communication skills to cater to the customer inquiry. You can collect detailed information on the Gurgaon properties on sale/ rent as well as the incoming projects information from the internet. The information should be in-market and accurate. Incomplete information may disappoint the approaching customers.

As a large number of people are trying to invest in Gurgaon properties, the business can bring a wealthy start to your profession. Many real estate consultants have started their business as a common man but have achieved huge profits and good reputation in the property market. Huge profits and reputation thus earned can pave the way for becoming a real estate developer or builder. Many famous builders today never expected of becoming a brand name all over the world and started their business as an average businessman.

The property market you choose to deal with should be in good demand amongst the buyers and investors. All the major cities such as Chennai, Hyderabad, Mumbai, and Noida are a flourishing business market for property and have given birth to many reputed consultants and developers.

People are rushing to invest in property of Gurgaon as well as other cities where the economic development is rising very rapidly. The cities are developing so fact because many multinationals have set up their offices in the city and more and more people are looking for a property either on rent or purchase. The demand of the corporate population has further generated the requirement of shopping malls, hospitals, recreation centers, clubs, and pubs in the city inflicting an increased demand in the property business.

Residential Facilities in Gurgaon

Gurgaon has emerged as a popular educational hub offering many advance educational institutes, schools and colleges. There are numerous education centers including government schools & colleges, private institutions, public schools, convent schools and missionary schools to study.

Gurgaon has emerged as a popular educational hub offering many advance educational institutes, schools and colleges. The institutes, schools and colleges have world- class infrastructure and are adopting international standards of imparting education. There are numerous education centers including government schools & colleges, private institutions, public schools, convent schools and missionary schools to study. Many new institutes are also coming up in the city to cater to the growing demand of increasing population.

Students from all over the country are seeking admission in the educational institutes of Gurgaon. Many students from foreign countries have also taken admission in colleges and schools of Gurgaon. Most of the international schools are affiliated from global boards of education and have syllabus different from the schools affiliated from national or central boards. Most of the advance streams of education can be studied in the institutes and colleges of Gurgaon.

Premium educational Institutes are offering advance laboratories for practical teaching, research facilities, trained staff and expert faculty to prepare students for the world of cut throat competition. Many reputed schools and institutes are establishing their branches in the city due to the increasing demand of admission seekers every year. There are strict criteria and prerequisite to be admitted to these institutes and schools in Gurgaon.

Gurgaon Education also includes various play groups and fun schools for toddlers to step up the very first stage of primary learning. These schools are well equipped to impart learning with fun and also have world class infrastructure for kids. Although admission charges are very high but a large number of kids seek admission to these play schools of Gurgaon every year.

Free education in government schools is also facilitated by the government of Haryana in Gurgaon city. Even government schools are progressing with an increasing number of admissions and attendance rate of students. Educational institutes in Gurgaon include engineering colleges, medical institutes, information technology institutes, management institutions etc. Due to the contribution of various educational societies and trusts education in Gurgaon is progressing at a rapid pace.

Educational institutions in Gurgaon consist of a large number of technology institutes but distance learning is also a feature of the higher education system in the city.