Value for Money in Gurgaon’s property market: Emaar MGF

Buying a good property is the dream of every person, and getting the best one at the most appropriate price brings in the joy to a buyer. Gurgaon has great potential to provide a value-for-money asset to property buyers. The real estate market here enjoys the proximity of a large pool of corporate houses which are located in the city. With a large pool of corporate houses which are located in the city. With a large number of blue chip corporate shifting to Gurgaon. The numbers are increasing and there is a healthy demand for premium housing. Also, it is benefiting from a shift in buying preferences in Delhi, where young home buyers are choosing to relocate closer to their place of work. And choosing projects that offer a good

“Amit Sethi says that more and more people are choosing to live in Gurgaon rather than investing in the city due to its well-planned and dedicated fabric of infrastructure and logistics”

What is Value for Money in Gurgaon’sproperty market?

Mix of lifestyle amenities at the doorstep.

The onset of well-planned and dedicated fabric of infrastructure and logistics has accrued in an increasing number of projects, which has led to higher circle rate and on opportunity for commercial, residential. IT park and retail developments, luxury housing. Etc.

What is Value for Money in Gurgaon’s property market?

Ashish jerath, head, Sales (North). Emaar MGF, says. “The key word for selection should be value and not price (price is what you pay, value is what you get). In our view, the customer should focus on the long-term potential for value creation of the asset. A project that will be a good home for its residents/new buyers will always create more value for its Investors in cost but is an average home. Today, with a growing economy and rising income and expectations. There is a trend of the buyer choosing high-quality projects”.

Experts believe more and more people are choosing to live in the city rather than just investing. And this is the biggest factor which makes gurgaon real estate market stand out. It will be imprudent for the industry to say that there are no effects of the economic slowdown, but with strong fundamentals and good policy framework, gurgaon market has been better prepared that the rest. Infrastructure projects like Dwarka expressway are near competition, and once operational, will add value to properties in the area.

“The price of residential properties in Gurgaon has grown substantially in the last 3 years. For example, the projects which were launched 3-4 years back at about Rs 2000 per sq.ft, is now sold at a price of Rs 6500 per sq ft. It is experted that in the next few years. The property will amplify to about 20 percent. According to reports, it is seen that rate of appreciation of property is higher in a developing area as compared to an already developing area as compared to an already developed area due the fact that developing areas have a lot of scope for development. Since Gurgaon has developed three-fold in the last few years and there is more scope of development. Investing in Gurgaon around this time is determined to get good returns. Moreover, as it is emerging as a worldclass city. It will be wise to invest in properties in the area and get value for money.” Opines Nikhil Jain. CEO, Ram PrasthaGroup.

Gurgaon property has reached a niche which seemed impossible a few years back. Now, for purchasing a house in Gurgaon. One has to loosen his pockets a bit more. Apart from commercial property. The residential sector too, is witnessing an equal rise in its values. The existing population of Gurgaon is considered to possess a large purchasing power which has further created a huge demand for housing. Thereby giving a boost to the property prices in gurgaon.

P Sahel, vice chairman, Lotus Greens, puts his view, saying. “To a large extent, prices are dependent on the location. A comparison between similar projects within the same micro market should give a buyer a fair idea about the prevailing prices, while comparing the projects, one should also look at the specifications and amenities being offered in the project for an apples-to-appies comparison.”

Preferential factor: style, location, brand or amenlties?

People looking to buy property in Gurgaon have a large bouquet of choices in hand ranging from style. Location brand and amenities. A well-established developer will provide all the factors like style. Location. Brand and amenities as a complete package, So, it is important to choose the right developer to get the desired kind of mix.

“Gurgaon today has three micro markets each with a large number of options i.e. Glof course Extension road. National highway and Dwarka expressway. Each location has a mix of developments that offer a good combination of location and amenities, After location, the next most important factor in choosing a property is the brand, as it assures the customer of standards, amenities and quality of construction that the brand stands for onc can see the effect of the brand by comparing the current prices of two different brands of a similar location. The difference that you see is the premium that buyers give to be part of be part of a renowned brand. One can find such examples on the Golf Course road and Golf Course Extension road. In our opinion. A mix of location and brand creates lasting value in the asset, “ adds Jerath.

Experts suggest that amenities provided in the projects can be listed as exquisite gardens, tier-II security system, 24*7 power back up. Rainwater harvesting and engery-efficient buildings. Etc. The integrated townships also enjoy the benefit of modern amenities like school, hotel, hospital, shopping mail, multiplex, golf club (golf swing training), post office and temple.

Harindra Nagar, MD, Paras Buildtech, Say, “When we talk about Gurgaon, the next thing after the IT” hub, which clicks to our mind is the location, the brand and the amenities of Gurgaon, Gurgaon has a number of brands and all the illustrious brands are congruent to the population there, Being and IT hub. The location is posh and competent for the mass people living there.”

“Is it a time to add more property in the portfollo?”

Buying decidion should be based on the requirement and market conditions for the particular buyer segment. This is agood time for customers purchasing the properties for end use. The prices have been stable for some time now and it is widely believed that these will see an upswing as soon as the general elections are through. Real estate investments should be made with a medium to long-term perspective.

“Until March, this is not the correct time for the investors to add more property in Gurgaon, because financial year is closing and elections are coming. Which may result in budget change. The right perspective for the builders should be speculation. Introspection and monitoring the market dynamics hased on the social, political and economic fallout of the budgets and the upcoming elections.” Added Nagar,

Experts see risk if an investor is over stretched in his investments with a trading perspective. The best way to benefit from real estate investments is to do the homework at a time of making purchases and then hold on to the investments for it to mature and to give the desired results. “While buying a property, either in Gurgaon or in any part of the country, one should take into consideration the facts so that risk can be avoided. These include checking of credentials like the ownership of land, clearance certificates from various authorities and approval of building plains,”concluded Jain”