Gurgaon is an entity by itself when you talk about real estate. Because it is the premium commercial real estate that first drove Gurgaon, the tag of ‘premium’ even in residential real estate has stuck to Gurgaon. Having said that, the area is witnessing demand from all segments of the society – from affordable to high-end. In conversation, Adesh Munjal, proprietor, Homes2offices talks about the areas to invest in Gurgaon and in what budget. Excerpts from his interview with Neha Nagpal, Magicbricks.com Bureau:
Economy is wavering, job market is slow. In such bleak economic conditions, do you think it wise to invest in residential real estate market in Gurgaon?
In today’s economic scenario, property investment makes sense when it is done keeping the mid – long term investment in mind i.e. 3-6 years or more. Short term Investment will not reap much benefits. Residential market is volatile right now and no one wants to invest in an under construction property with a tag of Rs 1.25 crore or more.
Which areas are best to invest in that ensure good returns and why?
Those who are looking for early possession, then projects on the Southern Periphery Road (SPR) are a good buy. Most of these projects are either ready or will be ready in the next one-one and a half years. Sohna Road has already come up as a commercial hub with most of the facilities like schools, hospitals, markets etc nearby. Proximity to Sohna Road and NH-8 is also a major advantage. Average investment on SPR is somewhere around Rs 1.20 crore.
Another area for investment is New Gurgaon (Sectors 83-92). For investors looking for long term gain the prices are currently between Rs 3,500–5,500 per sq ft, which are on the lower side as compared to other areas. New Gurgaon has future potential because land has been earmarked for many public utilities such ISBT/MRTS and other recreational activities.
Which unit size sells best in Gurgaon and why?
The unit size selling best in Gurgaon ranges from 1000-1400 sq ft (2 & 2+1BHK). Many Investors and end users prefer to buy apartments in these sizes because of the low amount of investment involved.
Which budget range is most in demand in Gurgaon?
Property in prices ranging from Rs 60 lakh to Rs 1.25 crore is most in demand in Gurgaon. Infact, there is hardly anything available in the budget range of Rs 25-40 lakh.
Source :- http://content.magicbricks.com/sectors-83-and-92-in-new-gurgaon-offer-affordable-property/
Economy is wavering, job market is slow. In such bleak economic conditions, do you think it wise to invest in residential real estate market in Gurgaon?
In today’s economic scenario, property investment makes sense when it is done keeping the mid – long term investment in mind i.e. 3-6 years or more. Short term Investment will not reap much benefits. Residential market is volatile right now and no one wants to invest in an under construction property with a tag of Rs 1.25 crore or more.
Which areas are best to invest in that ensure good returns and why?
Those who are looking for early possession, then projects on the Southern Periphery Road (SPR) are a good buy. Most of these projects are either ready or will be ready in the next one-one and a half years. Sohna Road has already come up as a commercial hub with most of the facilities like schools, hospitals, markets etc nearby. Proximity to Sohna Road and NH-8 is also a major advantage. Average investment on SPR is somewhere around Rs 1.20 crore.
Another area for investment is New Gurgaon (Sectors 83-92). For investors looking for long term gain the prices are currently between Rs 3,500–5,500 per sq ft, which are on the lower side as compared to other areas. New Gurgaon has future potential because land has been earmarked for many public utilities such ISBT/MRTS and other recreational activities.
Which unit size sells best in Gurgaon and why?
The unit size selling best in Gurgaon ranges from 1000-1400 sq ft (2 & 2+1BHK). Many Investors and end users prefer to buy apartments in these sizes because of the low amount of investment involved.
Which budget range is most in demand in Gurgaon?
Property in prices ranging from Rs 60 lakh to Rs 1.25 crore is most in demand in Gurgaon. Infact, there is hardly anything available in the budget range of Rs 25-40 lakh.
Source :- http://content.magicbricks.com/sectors-83-and-92-in-new-gurgaon-offer-affordable-property/
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