There is an increased demand for properties in and around Gurugram due to the location as well as the prices of the plots here. Given the availability of plots here, it is a tad difficult to pick out the suitable one within the budget, along with all kinds of amenities. As investing in real estate properties is quite crucial for many people; hence, it is advisable to choose these properties very carefully, keeping a few essential points in mind.
 |
| Signature Global Proxima 2 sector 89 Gurugram |
Few such critical aspects to consider before selecting the appropriate residential flat projects in Gurugram are:
· Price of the property
One of the most crucial and essential things to consider before you finalize a plot for your investment would be the price of the property across that region. You need to specify or keep aside a specific budget for the properties and then only look forward to shortlisting the ones for the investment.
Also, do not forget to compare the prices along with the available amenities of the plots around to get the best one within your strict budget. In case you need to compare the costs of the properties around, feel free to browse through the portal listings, newspaper listing, or the specific brokers of the properties around those locations. Such comparison would give you a realistic view of the availability of properties around that region along with the price range of the flats to choose the best one among the options.
· The carpet area of the flats in Gurugram
Once you have decided on the budget for the apartments in Gurugram, it is time for you to determine the carpet area of the property as well. The prices fluctuate depending on the area of the property, and hence this is one of the crucial points to consider.
Generally, as you come across the details of the property, you get to know more about the super built-up of the property. It includes shafts, stairs, elevator space, wall thickness, and many more. On the other hand, the carpet area refers to the actual living area within the walls of the property where you intend to live. On a general note, the carpet area is around 30 percent lesser than the super built-up area of the plot.
· The reputation of the builder company
When you decide to shortlist the residential flat projects in Gurugram, make sure to know the complete details of the builder company and their previous works in the construction business. This would provide you the essential information about the properties along with the safety and security related to the builder company and their previous properties. As a result, you would be able to choose the best one for investment with an assured guarantee.
· Record of the land
Another thing to check out while picking the residential projects in Gurugram would be the land documents of the place specified. You need to know all the intricate details of the land on which the flat has been constructed to avoid any confusion or hassles later.
You need to go through the soil quality tests along with the topography of the land before you finalize one for your investment. Also, be thoroughly sure that the land is clear of all the necessary debts and is registered with the government appropriately. Before buying the property, make sure to check all the rights, obligations, and ownership details of the property thoroughly to put all hassles away.
· Check the legal details of the property
Before you finalize a property, make sure to check all the legal documents about the property well. Make sure that the developer has the necessary approvals and the NOCs from the concerned authorities, sewage board, Municipal Corporation, etc. In case you are getting the flat on loan, make sure to go through the paperwork thoroughly.
· Location of the property
Another thing that mostly determines the value of the property would be the exact location of the flat. You need to be sure about the safety of the neighborhood, along with the availability of the social amenities around the property. Make sure you have easy access to healthcare as well as educational institutions around for future reasons.
· Buyer-builder contract
As you move ahead with the approved property for your investment in Gurugram, make sure to check all the contract papers with your builder thoroughly. Also, make sure that all the clauses must be carefully stated and understood to avoid confusion later.
Apart from these points, also check the availability of loans from respective banks for the plots in Gurugram. While searching for the appropriate residential projects in Gurugram, also check about the hidden charges and additional expenses related to the properties. Remember buying a house is a significant investment and comes with maximum returns only if you choose the property accurately.
