There was a time when nobody used to look towards Gurgaon and other parts of western Delhi, but today Gurgaon has emerged out as a hot favorite real estate destination. When someone purchases a property in Gurgaon, it seems to be dreams come true.
” Affordability is a major factor today” Let’s say if I am looking for a property in Gurgaon, I would prefer buying it rather than entering into a rental agreement. But being able to pay for it is a major question; a huge amount of funds will be required in liquid or solid form. Yes there is a solution to it in form of bank loans, but that also limits you with your income, as you have to pay it back (much more than what you have take in real). Owning a property in Gurgaon/Delhi NCR it’s not an easy task , taking present situation in consideration either you have to be a born rich with lots n lots of ancestral money with you or you must have best of your luck to make it possible.
Rule of demand and supply: As we all know that Gurgaon is not only a satellite town to NCR but a major commercial hub with world known companies having their offices in Gurgaon. This in result means more and more people are coming to NCR to settle down. Making story short more people means more of space required. Land cannot be stretched therefore the price of the same property rises.Huge bribes and commission: notice the rise in the prices of property in last few years, you will find there is no set format of price rise in this particular sector.The property market is simply the monopoly of builders if they want to increase the rate they are doing it according to their wish, even the government is not interfering which is a worst part of it.
Jobs are available as a bunch of grapes: Gurgaon is offering huge area of job opportunities.People come to city from different parts of India. Therefore one can easily understand the importance of this city in India’s growth. These huge influxes have resulted in the increased demand for flats in Gurgaon For people not having enough money to go for expensive homes are looking for rental flats and paying guest accommodation.Change in the modes of saving there is a huge difference in salary criteria in the private sector in last few years. Companies are paying their employees huge salary packages which in result increase investment in property. People who use to save by investing in gold and silver are buying flats and lands (which is actually becoming profitable for them).
As a result of this the rates are constantly increasing for property in Gurgaon/Delhi NCR If you are really planning to purchase property in gurgaon /Delhi NCR, please make careful decision at every step, and you will definitely find a place which will set in your budget. There are numerous real estate companies in Gurgaon offering flats, apartments, and villas for rent. It is advised to people who are facing financial problem to seek help from them and take a flat, apartment, villa, or paying guest for rent.Reality Business seems somewhat like ‘the arbitrage of the treasury market’. People should invest in properties which are available at cheaper rates in areas far away from city centers as the property rates are deemed to increase further in the near future. Now ‘let me give readers the success mantra, which says’ people should invest in cheaper projects today and enjoy the fruit of their current investments in the future.