Investing in a Luxury Apartment in Gurgaon Can Help You Yield Better Returns

Life is sorted and relaxed when you have a place to unwind and rejuvenate after a long and exhausting day. And if that place is located in the middle of sheer luxury and comfort, it just doubles the fun. Gurgaon, being one of the most-in-demand cities, has such amazing looking and comfortable places for the residents. From luxury apartments for sale in Gurgaon to ready to move flats in Gurgaon, you have it all. These housing options not only fulfil your living requirements, but also reflect your status by stating impressive lifestyle statement. Apart from aesthetic appeal and sheer opulence, there are many other advantages of investing in a luxury apartment in Gurgaon.

home in gurgaon

Tax Savings: One of the major factors is a tax saving. Yes! You can easily save a good amount by money by investing in luxury houses. As per the Income Tax Act 1961, an owner of such places is eligible to get a deduction on interest payable on home loan up to the limit of 1, 50,000. However, if you show that the property is for investment and not for personal use, no limit to a deduction will be received on principal repayment and interest.

Easy To Get Home Loans: Home loans can be easily acquired for luxury flats. Banks offer up to Rs. 2 crores to senior executives with quick approval and striking interest. Also, if you have a stable income source, you are just a correct prospect for banks. And due to the massive amount of choices available, you can even bargain them for a minimum rate of interest.

Better Returns: Don’t forget that luxury apartments or villas in Gurgaon for sale are generally located in a centralized location with huge markets and other facilities around. This makes them a good prospect for better returns. Moreover, these luxury apartments have all the amenities inside as well as outside the house, which include modern facilities and parking space along with a play area for kids and a garden. All these facilities in and around the home promises a better return on investment.

Which Is the Best Option: Ready to Move in Flats or under Construction Flats?

Buying your dream home in a place like Gurgaon cannot be an instant decision. The decision has to be taken after doing serious planning and research. At times, buyers get confused as to whether they should opt for ready to move flats in Gurgaon offered by property developers or should go for under construction flats. The real estate property in Gurgaon is spurring with various options starting from ready-made flats to villas to residential houses to plots to ready to move floors or 3 bhk or 4 bhk flats in Gurgaon . Under such circumstances, it becomes a great problem for the buyer to make a decision. For those who are stuck in this confusion, here is a small comparison between ready to move in flats and under construction flats.

ready to move vs under construction

It is said that if you are making your first property investment, ready to move-in flats are a perfect choice. This will help to save your rentals. There is no risk factor involved in delays and hassles as you will get a ready accommodation. But the disadvantage here is that the price of this property is very high in comparison to the construction and time plans. On the other hand, property developers offer different plans to buyers in case of under construction flats depending on the affordability and requirement of the buyer. The rate of return on such flats is high because they are affordable as compared to the ready to move-in ones. This is perfect for home buyers who want to purchase their second home. The major disadvantages of such a project are price escalations, delays, changes from the planned layout, etc. Also home buyers who opt for under-construction flats also have to spend money both, for the new house as well for their rental accommodation.

Nowadays, the customers are very smart and they invest in projects that are safe and productive. Before making the final call, they make thorough checks on the realty firms. They properly inspect the developers’ past projects. While they opt for ready to move in flats, they may even settle down for under construction projects if they are satisfied with the credibility of the developer along with the promised quality and facilities of the project. But then again, considering the present market dynamics, ready-to-move flats are certainly a preferred choice for both the risk-averse and those in a hurry.

Investing in Pre-Launch Projects in Gurgaon

Gurgaon, the millennium city, is growing at an express speed. With respect to its proximity to national capital, people are choosing the city as their home. Moreover, the growth can not only be seen in infrastructure and development, but also the population of people living here. Today, you can see biggest of MNCs in the city, along with hotels, schools and education system. Besides these, commuting has become very easy for the people living here. The city is not only beneficial for living, but also if you are looking for investment. One of the highly profitable investment areas is investing in property as builders are coming up with various projects in Gurgaon.

Pre-Launch Projects in Gurgaon

Preferably choose either an upcoming projects or already on sale. There are various villas in Gurgaon for sale available in the city. Similarly, 2 to 5-bhk flats for sale in Gurgaon are available for purchase.

However, buyers who choose to invest on pre-launch projects are generally opportunistic investors and are usually ready to wait for a couple of years for the possession. Here’re some tips an investor should keep in mind while investing in a pre-launch projects:

Know your project: It is very essential to know about your project. See what type of project you are looking for investment as you can get ready to move flats in Gurgaon, villas, flats and more for the investment. Also, this will help you to decide on the investment amount.

Who is your builder: Check different builders bringing the project in the city. First-of-all make sure that the builder is credible and has many projects on its name. A reliable residential builder with a good reputation in market is usually a safer bet for investment.

Credibility of project: Make sure the builder has land with free and clear ownership, where the project is being built. Along with checking the agreement between builder and the land owner, also check land is non-government property and is legal. Moreover, see that project should have a commencement certificate in place.

Growth forecast: It is essential to know about the growth prospect of the area in which project is building for the better return. Check the neighbourhood for the developments like market and other important infrastructure.

Ready To Move Flats: Latest Flat in Gurgaon

Gurgaon – the rapidly growing city of the country – offers flats, independent houses, bungalows and many more options for the residents. However, have you ever wondered why these days’ people prefer ready to move flats in Gurgaon over under construction flats?

Why ready to move in flats?
Under construction might get stopped in between due to land issues or any other legal problem as before building an apartment builder needs approval certificate, along with 19 other clear chit, which includes water supply, Pollution Control Board, and more; however, there is no legal hustle bustle of buying ready to move in flats as it has crossed all these levels before construction. Also, before shifting you can check legal titles and assure with the status.

Ready to move flats in Gurgaon

When you choose a ready to move in flat, you already to know about maintenance charges, but when you book a flat in under construction building, you barely know about such charges. The maintenance charges continue for lifelong, therefore it is always important to know about it prior booking. In terms of maintenance charges, clarity is very important. So, you can check about the same with the members as well.

You only book an under construction flat after seeing the plan on paper or maximum on computer and might be after construction flat not look same, however ready to move in Gurgaon flats can be bought after looking to the flat physically. Moreover, you will not get any future shock in terms of the look and construction of flat.

Under construction flats might get delayed due to the legal or any other problem, but you can easily and quickly shift in ready to move in flats. Consequently, you need not to wait for the flat and can shift immediately.

Also, most of the under construction flats are built in underdeveloped or developing areas, this might bring many compromises, including commuting, schools for kids and basic amenities. You check these facilities conveniently in ready to move in flats. Also, you can ensure the security of these flats before shifting.

If you are planning to book one soon, there are many ready to move in 3BHK flats in Gurgaon, which have all the facilities and amenities installed beforehand. Moreover, Gurgaon flats range from 2BHK to 4BHK and low-rise to high-rise.