Factors to understand before investing in affordable housing in Gurugram

 Due to its ability to keep expanding, Gurgaon is the most futuristic city with its potential to become a global city. It is becoming a cosmopolitan city and is attracting many industrial giants from all over the world. Facts tell us that more than 250 fortune 500 companies have their headquarters located in Gurugram. Boasting its hyper urban look, Gurgaon has emerged to be one of the fastest-growing cities in the world. Upcoming affordable housing in Gurugram is at an all-time rise.


This is the main reason why many reputed national and international developers have launched affordable housing projects in Gurugram. Buying a home is never easy as brokers can easily fraud you in the name of an affordable house.

We’ve listed some factors you need to check before finalizing your housing deal.

1. Cost of living In Gurgaon

Gurgaon is home to some of the biggest tycoons in the country and has lots of highly futuristic and advanced amenities. While a normal 1bhk Affordable Housing In Gurgaon can cost you around 20-25 lakhs, the cost of living for a couple can be as high as 10-12 lakhs after taxes and an extravagance life will cost you more than 30-40 lakhs. You need to have your finances to complete the family needs and even save some for your future. 

2. Residential Location

Gurugram is continuously expanding hence you can always see an increase in prime location all over the city. As the RERA has increased the residential zone there has been an upsurge in new projects. Sectors such as Dwarka expressway, sector 90 have become a new choice for the buyers with per sq. ft. price ranging from 4000Rs to 6000Rs. If you are looking to buy a luxurious house in a prime location then you may have to certainly spend more than 11k for every sq. ft.

3. Development plans in the city

Gurgaon can be the best example of the rapid urbanization, were once referred to in Mahabharata as the village of Dronacharya, Gurugram has evolved to be the one the biggest economic and financial capital of the country, despite facing problems such as pollution, Faulty drainage system, garbage segregation. To overcome this Municipal Corporation of Gurugram is taking appropriate and bold steps to continue the growth of the city at a high rate.

The brokers and companies can influence you in your decision to buy your dream house. But you should have a better understanding of your preferences and most importantly choose only reputed developers. One of the oldest and renowned developers, MRG world has launched some great Affordable Housing Projects In Gurugram which has world-class facilities, amazing infrastructure, and easy accessibility at an affordable cost.

Gurgaon has a robust infrastructure with amazingly connected transport facilities. Be it for the investment of for your dream house you won’t be disappointed after investing in the city.

 

Comments

Post a Comment

Popular posts from this blog

Real Estate Market In NCR And Residential Property In Gurgaon

Image
One of the most prominent industries across the globe is the real estate industry. Its four sub sectors are retail, housing, business, and hospitality. Development of the real estate sector depends upon the growth of the corporate sector. An increase in demand for office spaces leads to an increased demand for residential spaces near it. After the agricultural sector, the real estate sector is known to generate the second-highest number of job opportunities in India. This sector is also likely to observe a greater number of Non-residential Indians (NRI) investing, both in the long and short term. The most favoured property investment destinations for NRIs are known to be the metro cities of India, including Bengaluru, Pune, Ahmedabad, Chennai, Delhi-NCR, Goa, and Dehradun. Delhi - NCR occupies a massive space under India’s real estate umbrella offering a wide range of property segments. The real estate sector in India, including Delhi-NCR has been developing each year. In Spite of the
Read more

Understanding the perks of investing in ready-to-move flats

Image
 2020 global pandemic has been tremendously responsible for the shift in the real estate behaviors of common people, especially the new house seekers. The increasing awareness of the need for a house has been the most prominent focus amidst the revolutions so far. The 2020 pandemic increased people's awareness of the need of having a home. Having a home under your name, no matter how tiny or large offers security! And, in a society where animals also require a home, purchasing a property to serve as the shelter is the most prioritized investment anyone can ever think of. However, not everybody can manage to own a castle or villa. That highlights the need of addressing the value of ready-to-move-in apartments, which have gained considerable attention among millennials and younger adults. In the current real estate world, imagine how people are leaning toward the investment of a ready-to-move house. If you consider yourself falling under the same queue, here's what you must lear
Read more

Can Ready to move in flats in Gurgaon give you high returns?

Image
Looking for affordable ready-to-move flats in Gurgaon that are furnished already and move in with family? What is an affordable home that is furnished to move in? These affordable home options are in demand these days, and you should know the reason for the same before investing in one of them. It offers a plethora of benefits, and one of them is that there is no unnecessary delay with its handover process. If planning for this option, you do not have to wait till the completion of the project or other amenities to complete. It is available ready for customers to move in and start living. Therefore, one would benefit from choosing a ready-to-move-in flat over the under-constructed property option. However, it may vary on some factors from one state to another. Will the ready-to-move affordable housing in Gurgaon give high returns years later than over options available? One should evaluate this carefully before deciding to choose a ready-to-move-in housing property. The advantages wou
Read more