New Projects in Gurgaon

 

Gurgaon, The Mega Metropolis City

Among the investor clan, Gurgaon is the preferred choice of property investment in Delhi Ncr. After the New government formation various policy measure have undertaken to revive the economy in which real estate sector has been given utmost importance by special focus on Social infrastructure development, relaxation of foreign direct investment and easing in finance options for affordable housing. The property developers have taken cognizance of the situation and launching new projects in Gurgaon to cater the aspiring middle class. As the income for middle class increases more money will inflow in real estate sector to which developer are trying to fill the demand by launching new projects though still there is a huge gap to be fulfilled in the sector. In Gurgaon the rates are stable and in near term the trends are moving upwards as Gurgaon has duo advantage i.e. close proximity to International airport and industrial hub in Manesar which is why Gurgaon is becoming a promising destination for investors to invest in new residential or commercial projects.

 

New Projects in Gurgaon

 

Gurgaon, The Mega Metropolis City

If you invest in new projects in Gurgaon there will be substantial risk but as you know higher the risk higher the return. If you invest in new project the return on investment is very high on new launched projects in Gurgaon and if we compare from any other asset class. As developers launches new projects every year at inaugural discount and benefits on the plus side it is cheaper than ready to move in apartments though it usually takes 4 to 5 years to complete a newly launched project in Gurgaon. So, if you are a long term investor and looking to finance the project than investing in new projects in Gurgaon is the best opportunity to get an apartment within your budget. If you’re investor than the best strategy is to invest in a new project at initial phase of the project development and sell at the time of possession as this will for sure provide exponential returns on investments. But before investing in new projects in Gurgaon it’s better to do some due diligence like by checking all the specification, amenities, inspecting the sample flat and reading all the terms and condition of the agreement carefully. However, it is best suited if you choose a trust worthy property dealer or consultant as they will get you the bargaining deal with the developer for its new projects. Nonetheless, if you are a first time investor in real estate sector than you can also invest in under construction property in Gurgaon if not a new project in Gurgaon.

 

New Projects in Gurgaon

 

Gurgaon, The Mega Metropolis City

If there is a place to invest in new project or resale apartment at present, it is Gurgaon. The thriving development and connectivity in the city has resulted in significant investments in residential flats and commercial office space. It is owing to this growing demand for residential property, the most reputed names in the real estate sector, including DLF, IREO,M3M & Spaze etc., have launched new projects in Gurgaon every year. The real estate sector in Gurgaon is expected to witness more growth in the coming years, which is going to be very beneficial for the people who would invest in new projects in Gurgaon at the present moment of time. There are lot of Multinational companies, big corporates houses, fortune 500 companies that are looking to expand in India and which in return is creating a lot of job opportunity in places like Gurgaon. This leads to rise in demand for real estate property, including both residential and commercial projects in Gurgaon. Today, all real estate developers worth their name have their projects in Gurgaon. Real estate giants like DLF, M3M, Emaar MGF, Unitech, Spaze and Tata Housing will be soon launching their new projects in locations like Sohna Road, Golf Course Road, Sushant lok etc. The last decade has made Gurgaon into one of the best places to live and work in, not only in Delhi NCR, but across the country.

 

Snapshot of New Projects in Gurgaon

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Resale Projects in Gurgaon

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New Apartments Launched in Gurgaon

Demand Comparison of New Projects in Gurgaon (%)

    ♦ Newly Launched Project : 20%   ♦ Under Construction Project : 30%   ♦ Resale Projects : 50%

    Crucial Checks Before Investing in New Projects in Gurgaon

    Developer's Track Record

    The first and the most important think is that the potential investor should find out the project developer’s reliability, past completed projects, execution and timely delivery record. As per our expert it is advisable to invest with the large developers in their new projects in Gurgaon. As big developer will have better resources at their disposal and will have superior execution capabilities. An investor or end user should avoid investing in new project with first timer as they are the first to get affected in the case of a slump in a real estate market in gurgaon. 

     

    Due Diligence - Necessary Approvals

    Any developer can only start construction of a new project once he has intimation of disapproval & commencement certificate. Intimation of disapproval has purpose to set out the basic conditions based on which building needs to be constructed on plot, though it is valid for a year & needs revalidation from the authorities. Commencement certificate is issued by the local authority and only after its approval a developer can start construction of its new project. The buyer has the right to verify the title documents for the new projects.

     

    Dimensions and Specifications

    One should check all the amenities  in the sample flat are the same which is as mentioned in the initial agreement between you and the developer of the new project in gurgaon. There are instances where the developer of the new project uses modular kitchens, Italian marbles etc to lure in investor but one must read all the specifications carefully for example should calculate loading factor and check no-sale clause in agreements, which state that the buyer cannot sell property for a certain period of time. Also you may seek out a No objection certificate from the developer.

     

    Top New Projects in Gurgaon

    M3M Latitude

    ♦ LocationSector – 65, Gurgaon
    ♦ TypeResidential Flats
    ♦ PlansCLP,DP,SS
    ♦ Area2 Acres
    ♦ Price₹ 2 Cr to ₹ 3 Cr

    Spaze Tristar

    ♦ LocationSector-92, Gurgaon
    ♦ TypeCommercial
    ♦ PlansAssured Return
    ♦ Area3 Acres
    ♦ Price₹ 14 Lacs to ₹ 70 Lacs

    Mahindra Lifespaces Luminare

    ♦ LocationSector-59, Gurgaon
    ♦ TypeResidential Flats
    ♦ PlansCLP,DP,SS
    ♦ Area7 Acres
    ♦ Price₹ 3.31 Cr to ₹ 7.46 Cr

    Location Wise New Projects in Gurgaon

    ♦ LocationSector-59, Gurgaon
    ♦ TypeResidential Flat
    ♦ StatusNew Launch
    ♦ Area7 Acres
    ♦ Price₹ 3.31 Cr – ₹ 7.46 Cr

    ♦ LocationSector-65, Gurgaon
    ♦ TypeResidential Flat
    ♦ StatusNew Launch
    ♦ Area2 Acres
    ♦ Price₹ 2 Cr to ₹ 3 Cr

     

    ♦ LocationSector-109, Gurgaon
    ♦ TypeResidential Flat
    ♦ StatusNew Launch
    ♦ Area39.375 Acres
    ♦ Price₹ 1.16 Cr – ₹ 1.49 Cr

    ♦ LocationSector-108, Gurgaon
    ♦ TypeResidentialVillas
    ♦ StatusNew Launche
    ♦ Area4,486 sq ft – 8,998 sq ft
    ♦ Price₹ 2.70 Cr – ₹ 6 Cr

    ♦ LocationSector-92, Gurgaon
    ♦ TypeCommercial
    ♦ StatusNew Launch
    ♦ Area3 Acres
    ♦ Price₹ 14 Lacs to ₹ 70 Lacs

    ♦ LocationSector 82A Gurgaon
    ♦ TypeResidential Flat
    ♦ StatusNew Launch
    ♦ Area13 Acres
    ♦ Price₹ 1.02 Cr – ₹ 2.27 Cr

    ♦ LocationSector-68, Gurgaon
    ♦ TypeResidential Flat
    ♦ StatusNew Launch
    ♦ Area14 Acres
    ♦ Price₹ 83 Lac to ₹ 1.25 Cr

    ♦ LocationSector-68, Gurgaon
    ♦ TypeResidential Flat
    ♦ StatusNew Launch
    ♦ Area11 Acres
    ♦ Price₹ 42.4 Lac – ₹ 99.8 Lac

    ♦ LocationSector 2 Sohna
    ♦ TypeResidential Flat
    ♦ StatusNew Launch
    ♦ Area20 Acres
    ♦ Price₹ 51 Lac to ₹ 68 Lac

    ♦ LocationSector-34, Sohna
    ♦ TypeResidential Flat
    ♦ StatusNew Launch
    ♦ Area11 Acres
    ♦ Price₹ 37.8Lac to ₹ 75.6 Lac

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