Upcoming real estate projects in Gurgaon

How do some features affect real estate properties?

Infrastructure

Infrastructure has a significant impact on real estate. It boosts capital growth. It can have an ample amount of impact on the real estate market. With improvements and new development, it can influence property value, demand, and investment opportunities. Poor and old infrastructure leads to a decrease in property value, hence the downfall of the real estate market.

As the population is increasing, so is the demand for real estate. Hence, infrastructure development plays an important role in attracting a lot of people to an area. This increase in demand drives up property prices and creates opportunities for real estate investors.

Infrastructure development

Infrastructure development is to plan, design, construct, improve, and maintain the physical structures and organise them by planning, designing, construction, improvement, and maintenance of structures, facilities, and systems needed to support the functioning of a society, economy, or community. Infrastructure plays a crucial role in economic growth. Roadway infrastructure includes roads, highways, bridges, railways, airports, and public transit systems. Housing infrastructures such as water supply, sewage, wastewater treatment facilities, electrical grids, and telecommunications networks Housing infrastructure includes residential buildings, housing complexes, parks, and community centers. These ensure long-term feasibility.

Location

Why is supreme location important?

When you buy a property, you invest in land and location. It is one of the major deciding factors. With a premium location, buyers gain confidence and certainty in investing. The location’s proximity affects the price of the property, as does the buyer’s choice. It determines the property’s value, demand, and future growth. When it comes to commercial property, buyers should look for nearby places such as retail stores, warehouses, and office space. While looking for residential property, buyers should look for a neighborhood that suits their lifestyle. Properties located in desirable locations and areas hold better investment opportunities and better value. Location helps in closing the deal sooner, as properties in premium locations tend to sell sooner due to high demand.

Factors that make a location good:

  • Good schools: Homes located near good schools are more desirable and valued.
  • Hospitals: It is the most important factor and adds maximum value to property.
  • Public transportation: Assessing public transportation is extremely important in urban areas due to high traffic congestion. Properties with good access to public transportation have higher values.
  • Amenities: access to amenities such as shopping malls, parks, and restaurants
  • Connecting highways: For a better commute and convenience, investing in a property with easy access and connectivity to motorways is necessary. Properties in such locations have an appreciating value.

Government policies: Under the Transfer of Property Act of 1882, government subsidies derivate principles on movable, immovable, sale, exchange, mortgage, and lease. The government can increase the value of the property through taxes, subsidies, and deductions.

Safety and Security: Properties with a high crime rate tend to have less value; on the other hand, properties with a low crime rate are valued and desired, with safety being the major concern.

Zoning and Regulations: Restrictions on a property under government jurisdiction, laws and regulations on different areas, lands, zones, and districts on how to use them Some examples of zoning are residential, commercial, industrial, agricultural, and hotels. Properties located in zoning areas are less valuable than those located in zone-free areas.

Lease Terms: Lease agreements, such as rental rates, lease lengths, and tenant responsibilities, have a major influence on property value. Lease terms in favour of buyers increase its value.

Economic condition: The economic condition of an area has a huge impact on property value. Properties with good economic conditions and good employment in a strong economy are more valuable as compared to those located in areas with poor economic conditions and unemployment. Infrastructure prompts economic growth by creating jobs and business opportunities. Growth in the economy leads to an increase in demand for residential and commercial properties.

Date of valuation: A cut- Cut off date is used to determine the property value; market value is the best price one gets if the property is sold in an open market. It determines a date by which tax must be paid and a return is to be filled out. The date on which a market is established plays a crucial role in property value.

Rate of Interest (ROI): a metric used by real estate investors to evaluate the profit on property and to determine whether they should buy it. Besides buying a property for just a living, ROI plays an important role in investment. It is calculated by dividing the difference between the end value of investment and the initial value of investment by the initial value of investment. Properties that will give a good ROI in the future are more valuable than properties that do not offer a good ROI. There are some factors to keep in mind while calculating ROI, such as purchase price, loan price, inflation, capital rate, terms and conditions, and income that can be generated from property.

Some of the upcoming real estate projects in Gurgaon are mentioned:

Emaar Urban Oasis: Designed for smart living, Emaar Urban Oasis in Sector 62, Gurgaon, at Golf Course Extension Road offers 3 and 4 BHK apartments ranging from 2500 sq. ft. to 3200 sq. ft. consisting of three towers, each tower equipped with 24/7 security, power backup, a play area for children, parking space, a gym, spa, clubhouse, playground, sports hub, cycling track, wi-fi connectivity, and vastu compliance. It gives a good commute and connectivity to NH8, MG, and Sohna roads. Specifications include hospitals, commercial complexes, and business districts.

Highlights

  • Galleria Market and Cyber Hub are just 25 minutes drive away.
  • Millennium City Centre is just 20 minutes away.
  • Sector 55-56 rapid metro is just 15 minutes away.
  • Indira Gandhi International Airport (IGI) is just 45 minutes drive away.
  • Shopping malls and MG Road are within 20 minutes drive.

SS Cendana Residences: SS Cendana Residences, located in Sector 83, Gurgaon, has direct connectivity from NH8 and the Dwarka Motorway and offers 3 BHK apartments ranging from 1450 sq. ft. Equipped with gym, well-purpose hall, yoga centre, meditation hall, CCTV camera surveillance, lush green parks, vastu compliance, ATM, car parking, tennis court, library, earthquake resistance, cricket area, swimming pool, and cycling/jogging track. It gives good connectivity to the Delhi-NCR region. Specifications include schools, colleges, universities, medical centres, supermarkets, convenience stores, and shopping centres.

Highlights

  • Indira Gandhi International Airport (IGI) is just 15 minutes drive away.
  • Walking distance to NH8.
  • Walking distance to the Hyatt Regency.
  • A number of MNCs and IT companies are set to open nearby.

True Habitat Luxe Residency 112: Offering luxury, True Habitat Luxe Residency is located in Sector 112, Gurgaon, and has direct connectivity to the Dwarka ExpresswayHas in total 128 plots equipped with a gym, skating rink, basketball court, yoga centre, lawn, water body, trellis, amphitheater,  CCTV, under vehicle scanner, security personnel, car parking, badminton court, cricket area, on-call emergency service, tag-enabled vehicle entry, and access cards for residence in special areas. It gives good connectivity to the Delhi-NCR region. Specifications include schools, hospitals, and five-star hotels.

Highlights

  • Walking distance to Delhi.
  • Close to Indira Gandhi International Airport (IDI).
  • Close to Dwarka and the Delhi-Mumbai Motorway.
  • Close to Asia’s largest convention and exhibition centre.
  • Entry points to the project are connected to wide roads.

Signature Global City: Offering low-rise floors and luxury living, Signature Global City is located in Sector 93, Gurgaon. Equipped with an RCC-framed structure, double-coated AGCE, a multi-purpose hall, a yoga/meditation room, a library, certified green homes, an AC home office, a terrace garden, a badminton court, a basketball court, car parking, and security services. This project comes under the Deen Dayal Jan Awas Yojana (DDJAY). It is in close proximity to schools, recreational hubs, and hospitals. Has direct connectivity to the Dwarka Motorway, IMT Manesar, and metro stations.

Highlights

  • The Dwarka Motorway is just 5 kilometres away.
  • Hero Honda Chowk is 12 kilometres away.
  • IMT Manesar is 6 km away.
  • The southern peripheral road is at 9 km.
  • 30 km to Indira Gandhi International Airport (IGI).

Oxirich Chintamanis: Equipped with ultra-luxury 3 BHK and 4 BHK residences, Oxirich Chintamanis is located in Sector 103, Gurgaon. Offering plenty of green space and fresh air with private gardens and rainwater harvesting. It offers a yoga and meditation center, an ATM, car parking, a tennis court, a library, a cricket pitch, a cafe, a polo bar, a sauna, fountains, a co-working space, concierge service, a gazebo, a salon, a jacuzzi, gardens, and Construction using the Mivan Formwork System, an air purification system, and a spacious terrace balcony.

Highlights

  • 10 minutes away from the 18-hole DDA Golf Course.
  • 10 minutes away from Diplomatic Enclave 2.
  • Indira Gandhi International Airport is just 15 minutes away.
  • The cyber hub is just 15 minutes away.
  • 20 minutes drive to Aerocity

 

The factors mentioned above can help you pick the best property. The best way to finalise a property is by booking an appointment to go site-seeing, as professionals working for the estate can provide all the knowledge you need to know. It is always a good idea to purchase a property in a location that is eyed by a large number of potential buyers. Such locations help in the appreciation of the property’s value and make it sell easily at the right time. For further knowledge, refer to the above factors and the beautiful upcoming properties listed.

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