Factors to Consider When Buying Residential Property in Gurgaon

Buying property is undoubtedly a Major decision. It requires a considerable investment. So it must be evaluated carefully. Before you decide to invest in any of the apartments in Gurgaon for sale, consider the following factors.

Best Property Options for Those Who Just Shifted to NCR

The National Capital Region is one of the densely populated places on the earth. It sees a regular traffic of people who come here to work, study and play. If you are planning a move to the NCR and are looking for properties to invest in, we give you some options:

Try a service apartment
For those who have just moved here, a service apartment is the best option. There are a number of service apartments in Gurgaon that give one great options. Since these are furnished apartments, they are perfect for a recce trip. You can even park your family while you explore your options. The apartments come with many facilities including round the clock service. This makes it even more ideal as a spot to stay while you research the city.

Invest in upcoming projects
There are a number of new projects in Gurgaon that are perfect for investment. Gurgaon is quite expensive when it comes to property prices. It has many premier residential properties. But these can be quite pricey. If you are limited by your budget, new developments are ideal for you. Many of these have big established builders behind them and the best part is that they are a much more economical option. If you would like a wider ambit, you can even try new developments on the Dwarka expressway.

Try new areas
Like the Dwarka expressway there are a number of new developments in the NCR. It is an expanding area of huge interest to property developers. From international class stadiums to racing tracks, this place has a lot of premium projects that are not just confined to residential projects. This means that property rates in these areas are not just low, but also expiated to appreciate considerably in the near future.

Find a Realtor
Finally, do some research and find a reliable Realtor. Look for a Realtor with a wide portfolio of properties across the NCR. Do research on property rates in the area and this will give you a better idea of rates in the area. Consider new projects in Gurgaon and Dwarka expressway as well as other established projects.

If you are looking for a reliable Realtor, contact Earth Links. They have a portfolio of established and new projects in Gurgaon and Dwarka expressway, Delhi and more. To know more go to www.earthlinksrealty.com.

Gurgaon Unique Housing Boom: A Unique Indian Economic Milestone

Twenty years ago, a trip to Gurgaon, on the outskirts of the National Capital, New Delhi was a rare occurrence that usually involved a trip to the airport. All that existed on these dusty plains of Haryana, at the foothills of the northern Aravalli range was Maruti’s car making factory. There were no call centers and certainly no apartments in Gurgaon for sale.

Today, you would be lucky to enter Gurgaon, given the massive volume of traffic that jams each arterial road to this modern-day township. In a rare example of the private sector leading by example and eventually giving the government its cues, Gurgaon has become an example of economic prosperity and the Indian economy on the whole.

Genesis: DLF

Created in 1979 by dividing the area around New Delhi into Faridbad and Gurgaon, you could say that Gurgaon actually got the short end of the deal. While Faridabad got direct rail access, municipal government, fairly fertile farming grounds and a chance to build on an existing industrial base, Gurgaon had no such support structure. Turning this factor in its favour was the fact that the afore mentioned government was not likely to create too large a red tape hurdle.

The first to take advantage of all this land just 30 km from the capitol, the real estate company DLF acquired 3,500 acres of land from farmers in Gurgaon. Things remained slow till the Indian economy began its reforms in the early 1990s and slowly investors began to take stock of the rising demand for housing, which was followed by the need for commercial space. Pretty soon MNCs were acquiring land to set up call centers that were the booming with the emergence of the Indian outsourcing industry.

Housing Boom

Since space was at a premium in New Delhi, with the BPO industry literally making Gurgaon their Indian headquarters, pretty soon the thousands of white-collar employees were looking for residences closer to work. This change marked the birth of a modern, fully self-equipped township that was all set to become a small city in its own right. The newspapers classifieds began to fill up with ads of apartments in Gurgaon for sale to its new working populace.

Today, well ensconced in the middle of e boom includes world-class office buildings, apartments, 7 golf courses, 26 shopping malls, 5-star hotels and a private expressway.  The fastest growing district in India is currently home to 1.5 million people and accounts for half the revenue of the state of Haryana by itself. Now that’s a city-sized version of a boom town indeed!