Gurgaon or Gurugram has been the top choice for investors looking to invest in commercial and residential properties in NCR. This is mainly due to the easy connectivity through road and metro corridors that easily connect the city to Delhi NCR and other cities.
In Gurgaon, many locations are growing to become a real estate hub. Dwarka Expressway is one of those. In recent years, homebuyers and investors have chosen to invest in commercial or residential properties along this corridor for high returns.
Dwarka Expressway has made Gurgaon an investment-friendly zone. Furthermore, in terms of appreciation potential, if you buy a residential property in Gurgaon, it promises high ROI and growth.
It can be a huge decision for first-time home buyers to invest in real estate in Gurgaon, but there are a few vital factors which investors should keep in mind if they want to find the perfect residential investment.
Let’s understand such factors in detail-
- Consider the Location – When it comes to the real estate journey, one of the critical things that you should always take into consideration is location. It largely influences the value of your property for rental income potential and prospects of resale on a long-term basis.
- RERA approved project- The state government has established the RERA Act, 2016, which aims to bring transparency and openness in buying for property buyers. If you buy a residential property in Gurgaon, make sure it is RERA registered. Knowing about the property in detail, date of completion, and other aspects is easy upon investing in an RERA project. Such details are available on the official RERA website.
- Set a Budget- When defining expenses, it is vital to set out a clear budget for the purchases to be made starting from the base. It includes deciding on the purchase price and other aspects like taxes, registration fees, and maintenance costs.
Gurgaon has many property options to offer to investors. It includes retail spaces, shops, villas, commercial buildings, 2 & 3 BHK flats or apartments. Make sure to buy a residential property in Gurgaon that fits both your budget and your financial objectives.
- Amenities – When it comes to the availability of facilities and amenities such as schools, hospitals, malls, recreation parks, offices, and modes of public transport services, this aspect also affects the property value and potential for rentals. These are also important factors that you need to take into consideration
- Trusted builder- When you decide to buy a property in Gurgaon, do buy from a trusted and reputed builder. Thoroughly check that the builder has a good reputation for constructing first-class homes and delivering them on time.
SS group stands as one of the prominent names in NCR, known for their on-time construction and delivery. If you choose to purchase your new home in SS Cendana, Gurgaon, you’ll enjoy a luxurious lifestyle with timely delivery and a peaceful living experience.
- Legal Issues- It is also essential to identify that legal documents are in order. It is important to confirm that any property-related paperwork, such as building permits, property tax receipts, and ownership records, is complete.
- Stamp Duty – The stamp duty charges in Gurgaon are determined by whether or not the area is inside the municipal boundary. In Gurgaon, the stamp duty for properties that are under municipal limits is 7% for male buyers, 6% for joint buyers and 5% for female buyers.
Where To Buy A Residential Property In Gurgaon?
If you plan to invest in a new home, buy residential property in Sector 83, Gurgaon, due to its connectivity, amenities and lifestyle. There are many residential projects in the sector, but SS Group’s SS Cendana residences stand out from the rest.
SS Cendana is located in Sector 83 and offers various luxury 2 and 3 BHK apartments. It is a great option for those looking for a luxury property in Gurgaon with all the amenities at a prime location.
The landscaping of the project is done by renowned landscape architect BIOME. The property’s location is easily accessible and has many high-end facilities and features. It adds up to the overall living experience of the residents.
The project highlights are-
- SS Cendana, Gurgaon, is right off the Dwarka Expressway and NH-8
- A magnificent clubhouse spanning approximately 40,000 sq ft
- Planted Garden spread over 40468.6 sq. m
- A spacious pre-function area
- A multipurpose room that can accommodate roughly 200 persons
- Vehicle-ground level
- Created by Arcop, a renowned architect
- Three-side open apartments with separate resident and service elevators
Conclusion
Dwarka Expressway offers proximity to the nation’s capital, Delhi, as well as interstate connectivity routes like Indira Gandhi International Airport, railway stations, metro, etc. The area is easily accessible and a desirable place to buy a residential property in Gurgaon.
The areas closest to the Dwarka Expressway have experienced high growth in terms of project launches and sales. This multipurpose corridor provides direct connectivity in and around the city. Additionally, it has easy access to other notable real estate thoroughfares in Gurugram. This includes Southern Peripheral Road, Udyog Vihar and business hubs like Cybercity. Given the region’s unique makeup for the housing segment, investing here is something to think about.