Best Way To Look For A Home – Online Or In-person?
If you are looking for contemporary and luxurious residential apartments in Gurgaon, you can check out DLF Residential Projects like DLF The Crest or DLF Ultima as it is a premium real estate developer with a wide range of properties, situated in some of the best locations of Gurgaon.
When it comes to the buying of a dream home, undoubtedly we can say that it is going to be one of the biggest financial & emotional commitments in your life.
And one of the most complicated, too.
So, in this case we suggest you to take as much time you can and increase your knowledge first, before taking this decision on someone else advice.
With this point keep in mind consideration, here are the few points you need to know before you start your dream home hunting.
Consider, what you can afford
If you are on the field and start looking for property without knows – how much you can afford then believe me you are wasting your time. Here I am not talking about the limit you can borrow, but the limit you can pay each month as EMIs.
You must be aware that home loan EMIs + other associated cost of home buying will hugely impact your fixed monthly budget. So keeps this point in mind, while setting your budget of home buying. Always take into account, when you buy a home there are many other additional costs comes and most of the home buyers forget to determine.
Investigate the locality as much you can
If you are on dream home hunting then there is no such thing like completely investigate the locality. This is the points which you should investigate till the last day of signing the paper.
For this you can take the assistance of experienced real estate agents to get the knowledge of what’s happening in the particular locality. You must be aware of how residential properties are estimated and what type of property you can afford in that particular area.
Give maximum time to inspect the property
In this step there is high chance that now you have shortlisted few properties, now you need to find out the horrible hidden surprises (especially for the resale properties). In this type of property you need to check in details like walls, ceilings and floors etc. Open the cupboard and check it is pest free or not. Check taps in the washrooms, washbasin, flush, water leakage issues, and water pressures etc. There are lots of small things you need to check, for this you can create a checklist.
Rely on only experienced professionals
For this biggest financial & emotional commitment, it is very important to only rely on experienced professionals. Take the assistance of most experienced and RERA registered property consultant, because only they can find every issues that could possibly give you expensive repairs in the future.
Take the help of financial adviser
To complete the final step you need to work with financial adviser to make sure you finance is structured is perfectly matched with your needs & budgets, and you can discuss with the advisers if you have any issue.
If you are looking for contemporary and luxurious residential apartments in Gurgaon, you can check out DLF Residential Projects like DLF The Crest or DLF Ultima as it is a premium real estate developer with a wide range of properties, situated in some of the best locations of Gurgaon.
Top Residential Areas To Invest In Gurgaon 2021-2022
- By Admin
- User Guide
Investment in the residential project is one of the best decisions and that is why most investors choose to invest in the real estate sector. If you are also seeking to invest in real estate then at present SS Linden Independent floors is the best option in Gurgaon.
Gurugram alternatively known as Gurgaon is the epicenter of many opportunities and that is why you can easily get all conveniences at one address. The city is not only the largest in Haryana state but also the epicenter of many reputed real estate developers who choose this place to deliver their best estate work.
And because of this, the city is a house of a substantial cosmopolitan population from all over India and abroad. In addition to this, Gurgaon is the epicenter of Major IT & BPO business centers, brimming with a plethora of famed institutions namely DLF, Siemens and General Electric and so on.
Furthermore, the city has ample employment opportunities as it possesses many Multi-National Companies and their head office in the city. So, if you are thinking to invest in Gurgaon then you must know about these localities that will bring you endless benefits in the latter days.
Table of Containts
- Dwarka Expressway
- Golf Course Extension Road
- Sohna Road
- MG Road
- Southern Peripheral Road (SPR)
- Shushant Lok Phase 1
- New Gurgaon
- SS Linden Floors Walkthrough
Dwarka Expressway
One of the most promising investment zones for real estate investment. Better known for offering seamless connectivity to Delhi and International airport along with many key places in Gurgaon. For local residents, this is one of the most sought-after residential destinations as it easily leads someone to Gurgaon’s top-notch IT companies.
Infrastructure close to this area is well-developed and offers proximity to many prime social civic amenities. Many reputed developers including ATS Group, Puri Constructions, Sobha Developers Experion Developers, etc works are well-developed in this locality. On the whole, Dwarka Expressway is an excellent choice for people who wish to invest in.
Golf Course Extension Road
Another emerging place of Gurgaon with developed infrastructure around is the perfect investment zone. Investment in this zone will bring absolute benefits. The localities have witnessed massive residential & commercial developments. It receives many estate works from a reputed developer and you can see continual construction work in this region.
Well connected to NH -8 and give an approachable distance to India Gandhi International Airport, so from a connectivity point of view, you can easily connect to many places.
Sohna Road
Sohna Road is another top locality for investment in the NCR. It is located in the South region of Gurgaon in Haryana State. The area is the fastest-growing residential belt with adequate infrastructure and a commercial hub in and around it.
Moreover, the region enjoys seamless connectivity to many developed areas including Golf Course Ex. Road, Netaji Subhash Marg. Also, you can easily reach many social civic amenities within reachable distance. If you are considering investing in this locality then you can mull over Sohna Road for residential development.
MG Road
MG Road is known for commercial hubs in Gurgaon and is the epicenter of software companies such as EAZY Business Solutions Gurgaon, Make Positive Software Solutions Pvt. Ltd. Serebreal Technologies Private Limited and so on. As the locality possesses robust infrastructure, close to commercial hubs and social civic amenities the demands for residential homes are highly escalating among high-end home buyers.
Furthermore, MG Road gives better connectivity to Delhi and other peripheral regions via NH -48, similarly, you will get the advantage of MG Road metro station and Sikanderpur metro station which is just 1 km distance.
Southern Peripheral Road (SPR)
SPR is one of the promising real estate corridors of Gurgaon and the hub of commercial and residential properties. SPR corridor is a major commercial hub and strategically connected to other business hubs in Sohna & GCR. In addition to this, SPR connects GCR, Sohna Road & NH -48.
SPR corridor is a growing micro-market with good connectivity and infrastructure, due to continuous developments the demands for residential homes are highly escalating in these regions, thus, SPR is also the finest option for investment.
Shushant Lok Phase 1
Shushant Lok Phase 1 is one of the finest residential locations in Gurgaon with excellent infrastructure and social conveniences around. The area offers high-rise apartments and builder floors. Also, you can expect excellent roads (MG Road, NH -48) & metro connectivity (Huda City Centre Metro Station). For investment, it is also the best option.
New Gurgaon
New Gurgaon is one of the most coveted real estate investment zones in Gurgaon. An emerging residential destination always receives superb residential developments from reputed developers. Not only this, New Gurgaon offers seamless connectivity via NH-8 and Dwarka Expressway and offers reachable distance to many prime destinations. Here, you can find both ready-to-move and under-construction projects.
New Gurgaon is undoubtedly gaining more popularity hence you can consider this for your next investment. If you are planning to invest in this residential project then you can consider SS Linden Floors new residential project by the reputed SS Group.
SS Linden Floors Walkthrough
It’s a 27 acres low-rise development, strategically located in sectors 84 & 85, New Gurgaon. Offers 4 BHK air-conditioned independent floors and allows you to live a terrific living experience in its low-dense development.
The development is outlined with 500 units, 1.5 acres of landscaped greens, 12 Meter Wide road, 20,000 sq. ft clubhouse, and myriads of amenities within a gated community. The best part of the project is you can easily get all the advantages in one address and that is the specialty of this residential development. Give a thought to this stunning development and gather ample opportunity for a lifetime.
Frequently asked questions
Which is the best residential sector in Gurgaon?
Are you looking for the best places to live in Gurgaon? Well then plan for this sector in the Millenium city.
1. DLF City Phase 1, 2, 3, 4, 5
2. South City 1
3. Sohna Road
4. Palam Vihar
5. MG Road
6. Sushant Lok 1
7. South City 2
8. Nirvana Country
9. Golf Course Extension
10. Gurgaon Sector 82
11. Golf Course Road: Gurgaon Sector 54
Is it worth investing in a property in Gurgaon?
Living in the Millenium city is still a dream for many because of the countless benefits one can avail living here. It is always worth investing in a property in Gurgaon. There are some top locations for investment like New Gurgaon, Golf Course Extension Road, Southern Peripheral Road, Dwarka Expressway, Sohna Road, etc.
Which society is best to live in Gurgaon?
Gurgaon overall is just perfect to live and with its eminent features, it is daily attracting countless people. From the barren land it has turned into a millennium city where every corner is perfect to live but when it comes to the best then DLF The Camellias, DLF Imperial Residences, Joyville Gurgaon, etc.
Which is the most posh area in Gurgaon?
Sector 42, Gurgaon- At Golf Course Road, Sector 42 is known as one of the most expensive real estate markets in the NCR. In Sector 42, there are properties for sale in 3-BHK, 4-BHK, and 5-BHK configurations, and it is considered one of the posh localities.
Affordable Housing in India – A Complete Insight
- By Admin
- Market Trends
Affordable homes in India are undoubtedly one of the biggest contributors to the total demand for residential properties, but still, this segment needs more attention from the real estate developers, let’s know more about it.
Within the booming real estate of India, affordable housing comes as an opportunity for the economically weaker and middle-class homebuyers. With the rise of the middle-class section, the potential of affordable homes is also boosted. As well, due to its wide target market, the affordable housing market is less vulnerable to the moods of the market fluctuation.
Table of Containts
- Definition of Affordable Housing
- Rise of Affordable Housing
- The demand for affordable housing is continuously rising
- Key factors bolstering growth in demand for affordable housing are: –
- How Central Government support developers in affordable housing projects?
- GST rates for affordable housing developments
- RBI efforts in the affordable housing scheme
- Current Situation of Affordable Housing
- What’s now for Affordable Housing?
Definition of Affordable Housing
‘Affordability’ is a broad-based term; the meaning of this term varies from class to class. For example: – a specific item that is affordable to rich segments like branded cars, not affordable to the middle class. Accordingly, there is not an exact definition of affordable homes that can be applied consistently commonly. The meaning and space of affordable homes are significantly depending on a nation’s economic conditions.
In India, many reputed real estate agencies have jointly developed definitions of affordable housing for Tier I, II, and III cities, based on 3 important parameters –income, size, and affordability.
| Income Categories | Income Level | Size of unit | Affordability |
| Economically Weaker Section | INR 150,000 per annum | Up to 300 sq. ft. | EMI to monthly income – 30 to 40% |
| Lower Income Group | INR 150,000 to 3000, 000 per annum | Up to 300 sq. ft. | EMI to monthly income – 30 to 40% |
| Middle Income Group | INR 300,000 to 1 million per annum | 600 to 1200 sq. ft. | House price to annual income – less than 5.1x |
Rise of Affordable Housing
A decade back global economic slowdown has transformed the business climate, driving real estate developers to focus on affordable residential projects.
Before the economic slowdown, construction activities in the real estate sectors were financed by the advance payments collected by the home buyers. So, construction activities were only relied on the advance payments by home buyers. This model operated well during times of the real estate boom when there was a big demand for luxury residential property.
But, the economic slowdown of 2009 and a deep silence in demand for residential properties revealed the paleness of this model. With the dropping demand of residential properties, collection from advance payment also declined, and real estate developers were in trouble of liquidity crunch. Consequently, construction activities were hampered, residential projects were delayed, and occasionally, builders had to turn to distressed sales at very low prices.
This emergency saw the concept of affordable homes rise in India. The big appeal of affordable homes led to volumes outpacing that for luxury residential properties and boosting collections from booking amount. As well as, affordable development costs of these residential projects helped to extra support in developers’ finances.
The demand for affordable housing is continuously rising
The current position of infrastructure in urban cities leaves much to be expected. Availability of affordable homes, especially, is the biggest concern – about 80 million families are living in the slums with a desire for an affordable home. With the rise of the middle-class segment in India, the demand for affordable homes is also expected to rise.
Key factors bolstering growth in demand for affordable housing are: –
Rapid Urbanization – By the end of this decade, the total population of India is expected to reach the mark of 590 billion. The percentage of the urban-to-total population is expected to increase from 30% in 2010 to 40% by 2030.
Demand for affordable homes – With home value far beating general inflation and wage growth, luxury homes in the big cities have become largely too expensive, leading to the demand for affordable housing.
A desire for homeownership – Every India has a leaning towards homeownership. Even the low-income group is also determined to purchase an affordable home, rather than rent one.
Initiatives for affordable housing
How Central Government support developers in affordable housing projects?
Housing For All
The Central Government has introduced the ambitious ‘Housing for All’ scheme in 2015. Its objectives are to achieve the mission of providing affordable housing for all income groups by the end of 2022. This scheme comes under the Pradhan Mantri Awas Yojana (PMAY), targeting to present affordable housing to the Economic Weaker Section.
GST rates for affordable housing developments
The GST Council has reduced the GST rates from 8% to just 1%, for residential property up to Rs. 45 Lacs. This means houses purchased under Rs. 45 lakhs will be exchanged at the lowest GST rate of 1%. Consequently, interest rates for housing finance are bound to become more rewarding.
RBI efforts in the affordable housing scheme
RBI has directed the banks to raise the limits of affordable housing loan eligibility under priority sector lending for the buy/construction of a home. As per the revised RBI recommendations, affordable housing rates should not be above Rs. 65 Lacs in big metropolitan., and Rs. 40 Lacs in other cities.
Current Situation of Affordable Housing
At this time, real estate developers are launching residential projects in the luxury & mid segments. According to the data, more than 1.60 lacs units were launched between January to September 2021, 40% was in the mid-segment, while nearly an equal number of launches were seen in the affordable & premium segments.
On the other hand, if we talk about 2019 in the pre-covid era, the share of affordable housing was more than 40% of the total launch. So, there is a decline in the new affordable launch from the developer side.
What’s now for Affordable Housing?
In the age of the Covid-19 pandemic, the demand for affordable homes has not vanished but buyers seem to have gone into a waiting mode for some time. Affordable homes demand is expected to gain speed once the financial impact of the Covid pandemic begins to lessen.
Honestly, affordable homes have maximum demand or needs in our country. And India has a huge housing shortage and by constructing homes in the affordable segment this issue can be addressed perfectly.
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