Monday 1 April 2013

Gurgaon properties attracting investors from all over India



India’s economy has been growing really well despite the global downturn in recent years. The National Capital Region is undergoing a make-over with development works taking place everywhere. At present the market values of properties in Gurgaon are the highest in India. Once you make investments here, you will go all the way laughing to the bank in a couple of years. Residential properties are being developed in upcoming areas like Dwarka Expressway by real estate developers. 

Therefore as an investor, making investments on a property in a right location is your priority. Make a note of how close your apartment is from shopping malls, schools as well as hospitals. Buyers look for convenience when it comes to location and are willing to shell out a huge amount for that. Planning out a budget for Gurgaon properties is also an important factor. Investments can be either long term or short term. Both can be profitable in different ways. 

Make up your mind which one you would go for, and invest accordingly. You can look out for foreclosures though they may not be easy to come by. In case you buy a house at a price below the market value, you can renovate it moderately and then put it up for sale and make a good profit. Always remember that if your apartment is well furnished then you can attract a lot of tenants. It should be weather proof, have proper water supply, sanitation and ventilation facilities. 

You don’t need to spend a bomb to make sure that your apartment is equipped with all amenities. Always keep a track of the existing market value and rental rates of Gurgaon real estate. Even if you lease it out to tenants, you can have a steady source of revenue from them on a monthly basis. Always judge a tenant well before leasing out the apartment to him or her. People with a steady source of income, who have a record for staying at a place for long period of time, should be preferred. A written rent agreement is a must in order to avoid legal hassles in the future.

Real estate developers like Ireo Gurgaon have designed these luxury apartments to perfection, keeping in mind the changing preferences of the super class who want to add a touch of luxury to all aspects of their lives. These housing complexes have gyms, swimming pools and parks for children and youngsters for recreational activities. Like DLF Gurgaon, these housing complexes will have round the clock electricity availability and security facilities. To enjoy world class facilities, you can invest here and get high returns within a couple of years.

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