How to go about buying an affordable home in Gurgaon?

With the demand for properties in Gurgaon skyrocketing, so are the prices. However, there are still several affordable housing projects available for investment. This is because the prospects in the real estate sector have attracted a large number of developers to Gurgaon.

This has, in turn, has led to the development of various projects, including ones that offer affordable housing. Choosing the right one from the available affordable homes in Gurgaon for yourself might be a little difficult with so many available options. Keep the below-mentioned points in mind while investing in real estate.

Check out the top developers

Just like while buying any real estate project, you would want to check the reputation and track record of a builder before you make a purchase. That is how you can stay assured that you would receive what you pay for, especially if you are purchasing an under-construction property.

affordable home in Gurgaon

Check out the previous projects by the developer to get an idea of what to expect. As several reputable builders have come up with affordable housing in Gurgaon, it wouldn’t be too hard to find a good one.

Check out the amenities

Buying an affordable home in Gurgaon doesn’t necessarily mean that you would have to compromise with the luxuries. To cater to the demands of contemporary homebuyers, several builders have been integrating affordable housing projects with amenities similar to high-end luxury complexes.

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Some of the most popular and useful ones among them are lifestyle amenities like swimming pools, gyms, etc. The best Gurgaon affordable projects also offer recreational amenities, such as a clubhouse, open spaces, sports amenities, and more.

Invest in the right property type

In case if you are a property investor, you must buy a property that can attract tenants. Only then, the home would be worth your investment. Before you make the purchase, carry out some research on which configurations are sought after the most by home renters in the locality.

For example, commercial hubs that attract individuals to migrate for jobs usually witness a high demand for smaller homes. Localities that house entire families naturally see a higher preference towards larger residential units.

Choose the right locality

You would need to pay close attention to the locational advantages while buying a home. If you are planning to buy the home for personal use and would move in with your family, you might want to choose one with proper academic and healthcare infrastructure in the vicinity.

While choosing from the affordable housing projects in Gurgaon, connectivity features need to be considered too. These features have to be considered especially if you are looking to earn a rental income. Localities that offer easy access to corporate and business hubs are particularly good for investment purposes.

Go through the pricing and payment options

A home is generally an expensive investment, which is why affordable housing is the most suitable solution for many. You may therefore compare the prices of the flats offered in different projects and then pick one which fits into your budget. However, it is sensible not to compromise the quality and lifestyle due to the pricing.

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The MRG World top developer offers several easy payment plans which make it much easier to buy a property. You might find it more convenient to buy an affordable home with a flexible payment plan rather than a cheaper home with a rigid payment plan.

Consider the land rates before investing

For home investors, the property rates in a locality are another major factor to consider. For example, a region that is undergoing infrastructural development is likely to see an appreciation of property prices.

This would, in turn, lead to higher returns on investment over the years. The sharper the rise in property prices, the more profitable would be the returns. You may also note that once you find such a locality, it is best to invest as soon as possible, to get the property at the best price.

Other factors to consider

Properties in different projects come with different maintenance costs. It is wise to go for one with low maintenance as it would save you a large amount of money in the long run. For example, a home with energy-efficient features cost lower maintenance due to power savings.

If you prefer to liquidate the property right away, you should go for a ready to move home. Green living facilities are also quite important because a home with ample green spaces would enable you to enjoy a refreshing environment.

Looking out for these factors would help you shortlist the best affordable homes in Gurgaon, which would, in turn, make your search much easier. All you need to do is pick the one which would serve your purposes the best.

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About the author

I am Adegboyega Tunde Temitayo. A registered Town Planner with the Nigerian Institute of Town Planners (NITP) and Town Planners Registration Council (TOPREC).

I love to think differently and possibly on various Urban and Regional Planning issues to proffer solutions to Urban and Rural Environmental Problems. You can subscribe to my YouTube Channel

As the Chief Editor of Town Planners Diary, I humbly welcome you to this platform which is about enhancing Planning Education through research on various Town Planning and Environmental issues.

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