Gurugram, the transitional name for Gurgaon, is one of the best living areas of the capital city. With more and more affordable homes coming up on the rise, it has become the ideal destination for people to buy homes at the best and affordable prices. However, there exist a large number of myths that make people have second thoughts to buy their residential flats here. But, before going for the myths, let’s have a look at what affordable housing really means.
Affordable housing, as the name suggests, refers to those housing units that can be purchased by that particular section of the society whose income lies below the median income of the total population of the country.
Apart from the common ones, here are the biggest myths that you will be getting to hear if you wish to buy your residential flat in Gurgaon:
A. Huge Down Payment Needed
Most of the people tend to believe that it is hard to own a home in Gurgaon due to its prerequisite of relatively high down payments. If you think that you need around 20% of the amount as down payment, at the time of buying, you may be slightly mistaken, for many real estate companies in this region offer fairly great plans that include a comparatively low initial amount for buying a home.
B. High Risk Involved
Which investment can be considered as a safe investment? The safest investment can be said to be the one in the real estate market, like buying a property in Gurgaon or maybe in the Delhi NCR region. When you buy a home, commercial property, or even an apartment as an investment, it is more likely to be liable to face the least amount of financial fluctuations when compared to other investments like gold, trading, shares and many more. In fact, real estate investments have turned out to be increasingly steady if you hold on to the stakes for an extended period of time. With the recent government policies, your property investments are safe, secure and more profitable than ever.
C. Brand Name Is What You Look For
For several years now, this has been one of the biggest myths prevailing among the home buyers in the Delhi NCR area, which we know is not true. In the last decade, the real estate market has seen some really big names in the industry going down the trail of criticism, mainly for poor quality and delivery and few comparatively smaller developers earning the trust for superior quality and successful project completion. In the last year, newly government introduced policies have made it a lot easier for home buyers to trust as well as by residential and commercial property in Gurgaon and in the capital city. Now all the developers will be compelled to deliver their projects on time, as per the promise made to the buyers.
D. Discounts Lower The Actual Buying Costs
Buyers in the Delhi NCR area, often think of getting discounts and offers, for to them, it is a great way to decrease the value of their investments. Being a real estate developer, it is not a good idea to choose a project solely because of some offers or discounts. The home buyers have to eventually bear the discounted prices. The discounted price is anyway added to the purchase by selling some features or amenities.
E. Eco-Friendly Homes Are Expensive
You might actually have to pay some extra money when you get to buy an eco-friendly home in Delhi NCR, which amounts to approximately about 10% of the total cost of your home. It is more like an intelligent investment to make for having a cost-effective house in the long run.
Hence, these were some of the top myths busted about buying residential flats in Gurgaon. Gurgaon is one of the best areas where affordability exists with luxury, where it rises as the hub for seamless connectivity, networking as well as tranquility.
No comments:
Post a Comment