How to Choose an Appropriate Location When Purchasing a Residential Flat in Gurgaon?

 Purchasing your dream house is undoubtedly something that you have longed for so many years. Now that you have earned that much and are ready to invest in your dream house, here’s how you would be able to buy an affordable yet comfortable Residential Flat in Gurgaon. Given the popularity of the apartments in today’s space-aged world, purchasing an apartment or flat is a solid decision instead of investing in a big house that requires added and hidden maintenance charges.

According to the Affordable Housing Scheme, Gurugram has been one of those fast-growing cities in the country that has gained momentum ever since the past couple of years. Finding the right location and the right property here can be done in an organized manner. So, here is the post that shares with you some tips right before you make the deal of purchasing the flat.

Pocket Size

The most fundamental factor in this list is your budget. The budget is going to decide the location, builder, as well as the size of the flat. So, you need to figure out the loan eligibility from the housing company or even the bank.

The perfect way to do so is by looking at all resources and deciding the amount that you can put in the down payment. The Current Affordable Housing Projects In Gurgaon projects offer a wide range of amenities. You get to decide rightly in order to both, splurge and save, at the same time.

The structure of your family

Choosing the most suitable home location depends on the structure of your family. You actually need to look forward to the property that can cater to the requirements of everyone. You parents should enjoy the balcony view, so do your children love their study room.

But remember that you should also never compromise your comfort and budget. Be careful of that, particularly.

Signature Global Golf Greens Sector 79, Gurugram

Right Location and Right Neighborhood

Whether or not you are searching for the 3 Bhk Flats In Gurgaon, living inside your hometown might not be affordable for you, especially if it is a metropolitan city. So, the truth is that you should look forward to a budget-friendly option, but you should also ensure choosing the right location. It is imperative to buy the house that is near your kid’s school, your office, shopping center, and other apparent conveniences. 

It is important to check the neighboring area where you should be residing. The physical infrastructure, amenities, and also the availability of transportation are the most deciding factors.

Market Research

The Internet can offer you an array of information when it comes to buying a dream house. House seekers always look forward to dozens of photographs alongside aerial shots of the neighborhoods as well as homes.

Nonetheless, it is best to pay a visit to the location upon researching. You need to determine airiness, sunlight availability, visible materials used in the doors, floors, kitchen, and more.

You also need to be concerned about the environment, which is appropriate for upbringing your children (if you have one). So, these are some tips to choose the right residential flat in Gurgaon.

Buying a home is one of the important and pivotal decisions we take in our lives. When we start looking for a house of our choice, we always consider the obvious costs. However, most of the times we tend to overlook or are unaware of certain costs that might become a hurdle in the path of buying a new home. These additional costs might hike the overall price for one leading to spending more than the planned budget. So, it is essential to know them before you sign the dotted line.

So, let’s take a look at some of these costs to prepare you better which are as follows:

Registration + Stamp Duty

Registration charges are the fees you pay to the state government to get a residential property in Gurgaon registered in your name. It will be a significant percentage of your allocated budget. Generally, the charges range from 5-7% of the value of your residential apartment in Gurgaon but each state has different stamp duty charges. Additionally, you will have to pay registration fees of around 1-2% of your property value.

Service Tax + VAT/GST

When you buy a new residential apartment in Gurgaon, these are additional charges that are incurred by you. You have to pay VAT/GST while buying an under-construction property. So, VAT/GST will be applicable, when a residential property in Gurgaon is sold from the seller to the buyer. Generally, it is 1-5.5% of the property value. Central Government also levies Service tax and the tax is applicable for under-construction properties, which is about 8-10% of the total property value.

Maintenance Deposit

In the upcoming societies and townships, Maintenance Deposit Advance is generally charged by the builders. However, in other societies, it is charged as a deposit by society members. The maintenance deposit is commonly used for the maintenance of the amenities in the project like gardens, clubhouse, and basic infrastructure facilities such as water supply, lighting, etc.

Parking Charges

Parking space charge is generally excluded in the original cost of the residential apartment in Gurgaon, and therefore in some societies, the parking space needs to be bought separately. However, the parking space cost depends on the size, its setup – if it is covered or open, and the location of the property. If you wish to let go of the parking space, the seller gets the right to sell it to another member of the society.

Make sure you are aware of all costs before you make a purchase to ensure that you are not taken by surprise later.

How to get a home loan faster?

Home loan applications and experiences differ from person to person; for some people, the process is extremely smooth and not so smooth for the rest. But there are some factors that bring around these different encounters. You need to keep in mind the fact that your eligibility for a home loan also can be enhanced with certain pre-meditated criteria. There are well-defined and logical criteria on the basis which your eligibility is decided and a loan is sanctioned. Hence, the actual test is getting your home loan application ready and sanctioning of the loan.

Here are a few suggestions to improve on your eligibility:

Your credit score

A credit score represents your debt-paying capacity on the basis of your historical dealings. It’s a 3-digit score calculated for the consumption of further lenders by agencies like CIBIL, who process all your past credits like how regularly were you paying them back or if you ever faltered, how many loans were accumulated. Things from as small as any business/home loans to your credit card monthly payment in the past are all taken into consideration while working this score out. By popular set standards, a score of 750 or above is said to be favorable while evaluating your application for a home loan. It also depends on each bank/NBFC as they might have their own criterion and there is no one standard rule to access your home loan application. What is usually advised, is to maintain a healthy debt to income ratio and also to pay your debts on time.

Buying a resale residential apartment?

For instance, if you are planning to buy a resale residential apartment for 60 Lakhs and you’re applying to get a 45 Lakhs loan, there is a good chance the bank might reject your application. This is because the bank might conclude that the residential apartment is worth only 50 Lakh after all. This might never be the case with a new flat being bought directly from the builder. Banks might have some reasonable offers for resale residential property, but there are chances that offer comes with higher down payments or granting shorter loan tenures. Additionally, the documentation might not come in very easily from the current owner.

The pre-owned residential property seems to be a bit too much trouble for buying a house and might have issues that you shall only discover as you move forward. Hence, to make your loan process simpler, it is always advisable to buy a new house.

Did you consider co-applicants?

To increase your loan eligibility, having co-applicants is always preferred because a new income is then added to the application which then increases your capacity of repayment. Additionally, this helps because when you are past your 40s/50s, you start planning your retirement and the tenure is shortening. The co-applicant can be your spouse or your earning children. Co-applying for a house with your wife increases your eligibility, you might also get some added advantages like lower interest rates and stamp duties.

Clean and protect your home from coronavirus

The coronavirus is spreading rapidly, it’s time to take care of yourself and your loved ones. The impact of the coronavirus is majorly affecting housing in Gurgaon. If you suspect that someone who visited your residential apartment in Gurgaon recently or someone in your home might have an infection, then it is important to thoroughly clean your residential apartment in Gurgaon. The disinfection and cleaning can significantly reduce the chances of contamination on the surfaces which will further mitigate the risk of transmission of the coronavirus.

The Difference between Cleaning and Disinfection

People often mistake disinfection with cleaning, as both the processes are engaged in the removal of germs.

· Cleaning physically removes and scrubbing off organic matter like dirt and germs from surfaces.

· Disinfection is the killing of germs with the assistance of chemicals on surfaces.

· It is essential to clean because the organic matter can reduce or inhibit the impact of disinfectant, and hamper its ability to kill the coronavirus.

How long can coronavirus live on surfaces?

How long can coronavirus live on surfaces is uncertain; all we know is, it might last a few hours to up to several days. The lifespan and viability of corona depend on various factors like humidity, surface type, temperature, etc. for their life expectancy.

What Surfaces Can Be Contaminated

As per the research on coronavirus, there is no specific surface that may or may not be contaminated. Not covering mouth while sneezing or coughing near any surface can contaminate that surface. Our hands are responsible for the transfer of pathogens from one place to another, as we touch most of the surfaces; hence the items we touch are frequently contaminated. These items include TV remotes, kitchen cupboards, kitchen surfaces, taps, door handles, fridge doors, etc.

How to Clean Contaminated Surfaces

This life-threatening coronavirus can be killed and its functioning and spread can be stopped by detergent, heat, and soap. In case a surface becomes contaminated, then household disinfectant can be used to clean the surface. Avoid touching eyes, nose and mouth after cleaning.

First Clean, and then Disinfect your residential apartment in Gurgaon

First get rid of any contaminants, dust, or debris on the surfaces. You can clean by wiping them with a hand towel and soapy water (or a cleaning spray). Then apply a disinfectant according to the surface. The easiest and quickest way to disinfect is by using a disinfectant spray or disinfecting wipes.

Gurgaon Becoming the Next Hotpots for Investment

Affordable Housing Projects in Gurgaon

Gurgaon is the modern and money related focal point of the Indian north-western territory of Haryana. It is likewise one of New Delhi’s, India’s national Capital, prevailing satellite urban areas. Known as the call focus capital of the around the world, Gurgaon is presently viewed as extraordinary compared to other Indian urban communities to work and live in.

It is viewed as the perfect goal for home purchasers in nowadays. Inferable from the wide cluster of appealing alternatives for property investors specialists and home buyers, individuals are selecting Gurgaon as a perfect goal for putting resources into genuine homes. Be that as it may, their fantasy homes are accessible in a comparable dream goal, the New Gurgaon. You can easily get a list of affordable housing projects in Gurgaon as Gurgaon is emerging as a fast-rising hotspot. You can find prices of living home in Gurgaon for sale within a reasonable range which is why people love investing in homes in this city. With residences of hues such as apartments, studio flats, independent floors, penthouses, villas, a wide array of options are available for investors and buyers. As the connectivity of the New Gurgaon sectors is with Rapid Metro and Metro, within no time, these areas will start giving robust returns on the investment of real estate. You will find that investing in living homes in Gurgaon will prove to be a boon in the near future as the price of flats will rise sky high in the near future.

Upcoming Affordable Housing Projects in Gurgaon

It can be your cup of tea because, in addition to above-written things, already developed areas such as Sohna Road, Golf Course Road, Mehrauli-Gurgaon road can be availed within short drive distance. This ensures that the residents of Gurgaon are located at a shorter drive away from markets, established malls, and the Metro. Colleges, renowned schools, educational institutions, healthcare facilities, hospitals are also located within driving distance. Sultanpur Bird Sanctuary and Damdama lake are also located at a shorter distance. For frequent travelers, the good news is that the airport is situated at a shorter drive away.

It is a thousand years city which was recognized as one of the most potential goals for financial specialists when the Indian Economy opened its business sectors to remote speculators during the 1990s. In the perspective on its capability of getting to be worldwide, the administration of India, the state just as focal government, started a few approaches which were bulky to venture. For this, the administration of Haryana, the state where Gurgaon is arranged, has made Gurgaon award a great expense strategy and it has now turned out to be one of the most conspicuous offshoring and redistributing focus on the planet and the cynosure of different MNC’s.

Why put resources into Gurgaon?

Gurgaon is one of the most fantastic areas in India to begin an industry and upcoming affordable housing in Gurgaon has a steady lawfulness set-up combined with tranquil conditions. Inferable from these elements, it has just figured out how to pull in a few worldwide organizations, remote speculators, NRI, and huge business houses.

Besides, Gurgaon offers great quality and cheap places of business and private spots and its closeness to New Delhi and its simple availability to the International airplane terminal is an additional fascination.

There are many Speculation openings in Gurgaon which are retailing and Property Development as Gurgaon is the quickest creating retailing and creating markets in India. A mammoth business working with a space of 1.4 million sq. ft is before long going to come to Gurgaon and a similar pace of action is going to occur in the property advertise.

Gurgaon is likewise a sanctuary for Textiles and Ready-made pieces of clothing. Gurgaon has an enormous number of the little and medium article of clothing assembling and material endeavors. The nearness of sourcing specialists speaking to outside purchasers and the nearness of enormous and medium purchasing houses is an additional fascination for financial specialists.

5 Amazing Facts About Gurugram That Only Its Residents Would Know

Gurugram, earlier known as Gurgaon, is surprisingly, one of the most well-developed areas of the Delhi NCR region. Be it the residential areas, or the workplaces, this place is making its residents proud enough to live here, all their lives.

Gurgaon is one of the most hawked areas for real estate developers and investors. With affordable housing standing high in the realty industry, it is the hub for most of the upcoming residential projects in this sector. By affordable housing, we generally mean those housing units that can be bought by that particular section of the society, whose income lies below the median level of income of the nation.

Apart from the most repeated ones, here are some best facts about Gurugram that only the residential citizens know:

A.History Calling! : Gurugram is a historic city. It is said to be the famous village of Guru Dronacharya, the teacher in the most well known mythological epic - Mahabharata. He was known to teach in this city. Well, now so modern and groomed, it still holds the hearts of many citizens who feel a connection here, with their culture.

B.Natural Paradise: The nature has been very very kind in this city. With the lush green cover, this area can always be called a natural paradise. The sectors 36, 37D, 71, 93 and so many more are just the right examples for proving my fact right. If you are a nature lover and wish to reside in an area that remains far from the daily hustle of the city, you must know just where to find your home now.

C.Connectivity At Its Best: Not every area near the capital city can offer an effective way of commuting. Gurgaon is one of those rare areas, that offers its residents a great comfort of commuting to Delhi - the nation’s capital. So, I’m sure, that with the wide roads, beautiful highways and even the ease of metro facilities offered, you must be proud of living in a city that ensures your comfort of traveling in every manner possible.

D.Your Career On The Rise: Now, when the career prospects are looked upon, this area has it all! Be it IMT Manesar that stands in close proximity, or some of the best schools and coaching centers that exist close by, if you are a parent, a guardian or even an aspiring student who resides in Gurgaon, I am sure you are the one who can relate to it in the best way!

E. Entertainment, Entertainment, Entertainment!: I do not think that this point even needs my calling! Entertainment, nightlife and theatre is something that Gurgaon aces in. With the Ambience Mall, that stands as the largest mall in our country; Kingdom of Dreams, the entertainment hub of this city and so many more places that offer you a sense of relaxation, amazement and happiness all at one go! Now despite these places, there are places like Appu Ghar, Oyster Water Park, offer your family a fun time altogether!

Now that you know all the wow facts about Gurgaon, the best among them all is that it offers a feeling of security to all its residents. With the most updated technology being used in building the residential areas, it also tends to offer a 24*7 watchfulness to safeguard the lifestyle of its people. Though a city that exists in the NCR region, it is an area that offers pride and prestige to the people living out there. So, if you are a resident and are already reading this, I am sure you must have felt a rush of happiness flowing within you. If you are someone who is looking for a home, I would suggest, make Gurgaon your dream city to reside in.

Signature Global is one of the leading and successful giants of the real estate industry that specializes its projects in affordable housing. It aims to provide luxury to its citizens at the best and affordable prices. Some of its best residential projects include:

Andour Heights, Sector 71, Gurugram

The Serenas, Sector 36, Gurugram

The Millennia, Sector 37D, Gurugram

The Orchard Avenue, Sector 93, Gurugram and many more.