Factors That Attract Potential Home Buyers Towards Gurgaon

Gurgaon is one among the few cities in the country that has witnessed rapid development in terms of economy and infrastructure. This growth has helped the city in real estate development as well. For those of you who wish to buy apartments in and around the National Capital Region, Gurgaon offers the best bet. Its high-end infrastructure, amenities, well-laid roads, easy connectivity to neighbouring cities, has made investors to flock towards Gurgaon real estate and launch several new projects. The recent boom in real estate market can be mainly contributed to the metro rail that connects the Gurgaon city with the country’s capital city Delhi. So people who cannot afford to buy a flat in Delhi can very well choose flats in Gurgaon for their investment as they can travel to Delhi easily for work.

While there were unexpected slow slowdown in the real estate market of Gurgaon in the previous two years, the market has now getting on to a stable mode after inviting in new projects. Now Gurgaon builders have started to see Gurgaon as a best place for investment. Gurgaon has a lot of localities have a good reason to mention them as best one for investment. The area around the Northern Peripheral Road with its rapid development have promised to offer a high return of interest in another few years. Its close proximity to the airport and to Delhi has fetched it a peak position in Gurgaon real estate. This Dwarka-Gurgaon link expressway or the Northern Peripheral Road also helps people to avoid traffic during the peak hours on the Gurgaon toll near Delhi. With such expected appreciation, this sector is ideal for potential home buyers. Other sectors of Gurgaon, which are also making their move towards becoming a residential destinations are Sectors 80, 81, 82, 85, 86, 90, 92, 93 and 95.

Gurgaon real estate has gained a promising place in Haryana in just last two decades owing to its infrastructural development and government support. With favourable tax policies given by the state government to the investors, Gurgaon has emerged as a well-planned development area. Also the Haryana Urban Development Authority (HUDA) has taken several steps towards making Gurgaon a developed city with both social and physical infrastructure.

The Gurgaon-Manesar Master Plan 2025 proposed by the government will help in bringing out a large parcels of land to convert as real estate corridors. This new plan by the government had allocated 14,930 hectares of land for residential projects. Most of the new real estate developments planned in Gurgaon are expected to launch in these areas. With this new effort by the government, areas such as Sohna Road, Bhiwadi, Golf Course Road, Dharuhera, Pataudi Road, Jaipur Highway, and sectors 37, 37D, 80, 81, 82, 90, 92, 93 are expected to emerge as residential corridors. This availability of land has attracted builders and investors to launch new projects and build flats in Gurgaon.

Apart from these compelling reasons, there are also other driving forces that attract potential buyers here such as a large opportunity from the IT and IT companies that have flagged their offices here in Gurgaon. So people working in the NCR region does not want to stay in the already overcrowded Delhi, which force them to shift bases to flats in Gurgaon.

Before Buying Size Your Residential Real Estate Needs

The largest investments we make in our lives are often the hardest to refund, that’s why it is really important to figure out what you need and then move on with your search. If we talk about the big investments, one thing that people spend their whole life’s hard-earned money is real estate. No matter whether you are extremely rich or a common man saving every penny to buy a home for his family, you can’t afford to make an impulsive decision and turn your moment of joy into remorse by settling down for something you never wanted. It is crucial to know about the options you have before taking a plunge into home buying, for they say half of your search completes when you are sure about what kind of home you are looking for. The list of the options that any average home seeker can look for in the real estate market includes:

Newly Constructed Home

What could be better that designing each and every detail of your dream home yourself? Planning your house yourself give you the leverage of choosing every little thing from layout of the structure to the color of the cabinet, which is one of the most dominant reasons why the culture of newly constructed house is increasing day by day. The major drawback that comes along buying a brand new constructed house is the list of unplanned expenses that occur meanwhile the construction.

Condominiums

Condominiums are the individual flats located in a multi-story building. The condominium building generally has its own recreation centers, parks, shopping hubs and is governed by an association that determines the monthly fee and takes care of the maintenance and improvement of the building. The major drawback of living in a condominium is the lack of privacy and increased depreciation during a housing- market downturn.

Townhouses

Vertically joined in a row with other similar looking houses, townhouses are perfect for the people who are seeking for the privacy of a single family apartment along with the exterior maintenance of a condo. Townhouses are generally located in the vicinity of schools and parks. They are bit cheaper compared to the condominiums and newly built houses but will not be the right choice if you are overly sensitive about noise coming from the adjacent shared wall.

Foreclosure Property

Foreclosure properties are known to be an inexpensive alternative for the people looking for a previously owned home that require minor repairs and modifications. A foreclosure property is also known as Real Estate Owned property and is often owned by the lender as the previous owner defaulted on paying back loan. Foreclosure properties are usually up to 65% below the market and are considered to be best deals on the market.

Second Homes

The second home is a secret hideaway people buy to get away from the standardization of life and spend a week or two into the woods away from the hustle and bustle of town. The second or vacation homes are difficult to maintain as there is no one to look after the repairs and maintenance of the house when you are away.

The Importance of Master Planned Communities

Why Master Planned Communities?

According to predictions, there will be changes around the globe in the future that will challenge the way people live. These changes include:

Much higher gasoline prices
Greater emphasis on energy efficiency
Environmental protection and other green features
Growing water shortages
A 24-7 world that will demand amenities that are open 24-7

To be able to keep up with the global changes, innovations are needed, especially in the real state industry. Understanding the future requires understanding the demographics and how they influenced the market. Thus the birth of the Master Planned Community.

What Is A Master Planed Community?

A Master Planned Community (MPC) is a large-scale self-sustaining residential plan. It has a number of various essential amenities not normally found in a regular housing subdivision. A Master Planned Community gives the ability to work, live and play all within walking distance. Some real estate professionals consider this type of luxury real estate development a “Mixed Use” development since they include retail, housing and entertainment In previous times, clubhouses and pools were at the top of home buyers’ lists. Today, access to neighborhood retail services, high quality restaurants and health care is becoming the top priority according to the latest research. People want to get access to everything they need quickly and at reasonable prices, thus walkable access to civic use areas is in high demand.

Convenience

Master Planned Communities are designed to provide a master planned convenience. In its varied housing within a community layout, homes are designed to conform to the lifestyle of diverse generations. They are created to provide both soft and hard amenities and services in the way people want them delivered. These luxury communities facilitate residents building and living comfortable lives and having more time to spend with their families. This lifestyle also enhances connectivity between neighbors and their surroundings through shared spaces created for everyone across varied demographics to use whether alone or together.

Important Aspects of Master Planned Communities

To highlight the benefits and most significant aspects of Master Planned Communities, listed below are some of the reasons why it is important to the home buyer.

1. Better Access to Important Resources

As mentioned above, people nowadays want to have easy and quick access from their own homes to their most important resources. In regular housing subdivisions, however, people bought all lands and built huge properties to maximize their lots, leaving no space for other amenities. In Master Planned Communities, lots and houses are planned accordingly by providing a required minimum and maximum size. That ensures that there are more open spaces for the building of other amenities. For example, park and play spaces are already built within the community and cannot be removed or replaced by any other infrastructures. In Master Planned Communities, virtually everything a resident needs is within the community or within short distances. This kind of setting is not just good for working parents, young professionals, aspiring entrepreneurs, and retiring baby boomers, it is also great for children going in and out of school most of all.

2. A Sense of Community Among Residents

The quality of neighbors defines a community. Not surprisingly, most people living in a luxury real estate development such as a Master Planned Community share a common interest which instantly creates a sense of togetherness among neighbors. As a result, residents feel safer, more serene, and more secure. Community events are organized within MPCs to provide residents with an avenue to socialize, get to know each other, and build strong connections. Additionally, the Master Planned Communities are founded on good governance with the rules and responsibilities of every community member that are declared beforehand. Many Luxury Master Planned Luxury Communities provide different community activities based upon the area within the PUD. For instance, in the luxury area, where homes start at $850,000 or so, you may find high-end marinas, with wet slips and dry boat storage. Some luxury developments even have their own private beach, or other waterfront home aminities in the luxury sectors. In the sections of the Planned Unit Development (PUD) where the homes are in the $300,000’s you may find community activities that involve fishing and pool parties.

3. Incorporated Agriculture

Gardens owned by the community is becoming popular in some Master Planned Communities. MPCs work to assist its residents to have their own local food production through either providing community gardens or incorporating small-scale farms.

4. Best Practices for Handling Transportation Issues

The use of multiple trails for biking and walking as well as the presence of sidewalks are necessary features of Master Planned Communities. And, as a solution to the most frequent and current demands of the community on transportation, MPCs implement various, sometimes combined, options of transporting people such as an electric autonomous vehicle systems, bus transit stops, car-sharing services, charging stations for electric vehicles, providing golf carts for driving within the community, or implementing shuttle services.

Other Significant Aspects

Play spaces, fitness boot camps, sand entry beaches, and co-workspaces are a few additional amenities to present in Master Planned Communities. Health and wellness is also one thing that MPCs are giving special attention to as more and more people are wanting to become healthier. The great outdoors with fresh, local produce and fantastic health care are things they are incorporating into the community in addition to sidewalks, pedestrian ways, multi-use trails, and social gathering places. On top of it all, Master Planned Communities have long-term increase in value which leads to great Return On Investment for home owners if planning to sell or rent their property. Master Planned Communities are also great for entrepreneurs. Business opportunities tend to be in abundance as many new partnership opportunities with companies that offer products and services wanted by the new generation of consumers emerge. For aspiring business owners, office spaces tend to be nearby at reasonable prices. The workers of businesses within planned communities tend to earn higher than average incomes. Many residential buyers look for the best location, easy access, quality neighbors, important amenities, and valuable future developments in choosing a home. A Master Planned Community is the realization of what was once just a dream community for many.