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Make sure that all finances are in order It is a common mistake which generally people do when they invest in the properties for the very first time in Gurgaon-they do not realize that it is very important to have all the finances in order before looking for the properties. If one has purchased a commercial property before but not any residential property, then one will realize the difference in interest rates and the initial down payments that exist between the two. By having all the finances in line, one will be able to refine the budget which one is ready to invest.
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The demand for both commercial and residential property has been increasing in Gurgaon as the real estate in India is recovering from the rage of recession. From the past few years, it has been progressing very rapidly, resulting in hike in prices. Gurgaon is the main outsourcing hub in India. The price of residential property in Gurgaon has increased by 30% approximately. The residential sector of Gurgaon real estate has been a bright option for all the individual investors. However to minimize the risk for the first time investors, following points are to be kept in mind:
Some flats Guragon are also coming up in Sectors 82, 82A, 83 & 85 on N.H-8, Gurgaon which is in the new Residential Zone earmarked in Master Plan 2021 of Gurgaon. The project is also located very near to the airport. Big corporate house have also started investing in properties at this place. Many corporate offices are located here so many find it comfortable to stay in Gurgaon so that they can cut down on their transportation expenses. Gurgaon is experiencing a real estate boom as the companies are providing world class facilities to the people who are planning to reside in this integrated township.
One more important point to be noted by the investors is that the property rates in Gurgaon are rising rapidly. It is expected that in the near future, prices will rise by approximately 25%. One who wants to buy property in Gurgaon and wants to multiply the profits should not waste any more time and speed up the process of investment. The investments made at this time will definitely be profitable in the long run.
With many companies opening their branches in Gurgaon there has been a huge demand for flats by corporate executive who are working here. The easy availability of home loans has also helped these young executive to buy flats in Gurgaon. Luxurious flats are there in Gurgoan for both sale and rent. In order to find the best Property in Gurgaon is wiser to do an online search of the best properties or you could also hire a real estate agent .There are many Guragon villas which are perfect for modern day living. These villas are affordable and come with all modern amenities .One can find markets, theaters and shopping malls all near the villas so one does not need to travel far. Some of the villas Gurgaon also have swimming pool, jacuzzi and gym facilities.
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Inspite of the slowdown in economy the property price in Gurgaon have gone up in the recent years. It is estimated that Gurgaon will have about 1000 luxury flats which will be up for sale. Flags near the Golf course road, Sohna road, Central Park 2 are on the higher side as these are the posh areas in Gurgaon.
Penthouses and luxurious villas with striking settings are housed within this residential complexes and this type of houses are the desire of elite class people who want to live in luxury surroundings with topnotch facilities.
Initially, there was only one major mall available in the city and that was DLF City Center Mall. But things have changed with the extensive growth of apartment projects and residential projects in Gurgaon, which emerged with several malls at diverse suburbs and in close vicinity.