Tips for investing in Gurgaon New Affordable Property

Buying a home in Gurgaon has always been a pricey matter. As most of you know, it is an expensive arm of Delhi NCR. Does this mean that a lower and middle-class buyer will have to douse his desires to own a house in the city? Maybe, or maybe not.

Tips for investing in Gurgaon’s new developing sectors

The market slum down has not tapered the mindset of the buyers and the developers. The situation is that it is advised that the potential investors who are sitting on the fence to take a plunge. So would it be a worthwhile idea in investing on affordable flats in Gurgaon.

Immobile market

The transaction market of Gurgaon has witnessed a minimum breakthrough in the last couple of months. This is in relation to affordable property in Gurgaon as well. The apparent lack of confidence on the part of the buyers has tapered off the sales flow. It would be wrong to state that there were no sales at all. Affordable homes in Gurgaon sales have trickled at a decent pace though. The higher priced houses almost drew a blank.

Because of such a situation, the unsold inventory has been piling in Gurgaon. Coupled with the fact that there is a decent amount of secondary stock as well. Buyers who had invested in the scope of earning some quick returns have seen that their delivery date being exhausted. Now the situation is that they want to exit the market which is already adding up to the pile-up list.

Whether you should take the plunge or not

As per industry experts, it is the right time to invest in affordable housing projects in Gurgaon. Due to lower sales figures, any developers would not want their real estate projects to be devoid of buyers. In fact, this is going to ensure that the buyers are on the positive side. Now the question is how? First and foremost the scope of negotiation is enormous at this point in time.  What is alarming is that the scope is as high as 10 % to 15 % when the value of the property crosses 1 crore. In the southern part of Gurgaon the scope of negotiation is to the tune of 10 %. Before you do go on to venture into the domain of affordable apartments in Gurgaon there are some points to consider.

• Plan a budget and do stick to it. Do not go overboard and cross the budget. Work out your expenses and then formulate your budget
• Do a careful research on your project and the location. It should fit into your daily scheme of things without incorporating too many changes
• Do have a careful view of the micro market. Find out which regions are profitable to invest in the days to come. Go on to read the master plan of the area
• Do a careful study of the developer. His past track record needs to be checked and found out that he has delivered the projects on time.
• Always ask for developer discounts or deals from developers. Do cash in on the fruits.

To conclude, for any locality to be a conductive investment hotspot, the environment has to be suitable for that. In this regard, the southern part of Gurgaon and the Dwarka Expressway has immense potential in the days to come.