Where to Invest Among New Residential Projects in Gurgaon

Investing in anything can be an exciting prospect. But it can also be disconcerting and a little scary, especially when you’re looking into property investment. However, looking for properties to invest in doesn’t have to be as scary or intimidating as you may believe. As long as you take your time, do some research, and don’t rush into anything, making a smart property investment is totally possible.

 

When looking for a property to invest in, the first decision you need to make is whether you wish to invest in residential or commercial property. For the sake of this discussion, only residential property investments will be covered.

 

If you haven’t already figured out the location you wish to invest in, that should be the next decision you make. There are a lot of different locations all across India that have new residential projects just waiting for you to invest in. One of those prime locations is the great city of Gurgaon. But even after you’ve decided on a city or other location to look for investment opportunities, you’ll need to further refine your search and focus, as cities like Gurgaon aren’t small and have a wide range of factors that you must consider when picking the right project to invest in. So what should you keep in mind when looking around Gurgaon for properties to invest in?

 

Why Gurgaon?

Gurgaon is a city of new growth. According to Brisk, within the past two decades, Gurgaon has gone from an economical nothing to one of the prime investment destinations across all of India. The Hindustan Times conducted surveys asking Gurgaon residents what they think of various amenities in the city. When asked about restaurants, 87 percent of those surveyed stated that they felt restaurants and bars have improved by massive leaps and bounds. Additionally, 90 percent of respondents thought hotels were much, much better, and 84 percent felt that hospital care had seen massive improvement as well.

 

So while Gurgaon may not be a long-standing destination for investment opportunities, it has rapidly become a fantastic location that continues to see growth and constant improvement.

 

New Versus Old

One of the final preliminary decisions you need to make when looking at properties to invest in is whether you’re going to invest in an older piece of property or a new project that may still be partially under construction. Both new and old properties have their own benefits and issues you need to look into, but in general, looking at newer projects as investment opportunities has the potential to earn you far more than any sort of older, already settled location.

 

When looking for new residential project in Gurgaon by companies like Unitech, there are a couple important factors you need to keep in mind. One of those important factors is architectural style; both interior and exterior. Demand for contemporary design aspects has helped drive the need for new projects in Gurgaon, so looking at older, more dated architecture is fast becoming a tricky investment opportunity. Thanks to this demand, the “Millennium City,” as Paras build Tech calls Gurgaon, has a huge range of new projects for you to pick from. 

 

 

Amenities and Proximity

No matter how pretty the landscaping and architecture of a residential project is, another major factor you need to think about when looking for investment opportunities is what sort of amenities and services are nearby, and how close they all are. If you’re looking to invest in a residential project in the hopes of earning monthly income through rents, this is even more important than if you’re investing with capital appreciation in mind. The amenities you think to look for aren’t just things like shopping malls and grocery stores; you need to know how close metro stations are, where the nearest hospitals are, and other emergency and transportation services. Some people move to get away from a previous job that had a massive commute, while others may move to get closer to a particular type of store. Looking for a residential project that is close to as many amenities and services as possible should be a top priority when looking for good investment locations.

 

Follow the Leader

If you don’t think about other investors and what they’re doing, then you’re missing out on a valuable source of information. Whether you’re a veteran in real estate investment or you’re looking for your first property to invest in, looking at major investment firms and studying where they invest can be very useful to you. In regards to Gurgaon and finding a good investment opportunity right now, taking a look at the firm Ambience could prove fruitful. As the Economic Times reports, Ambience announced that it was going to begin investing Rs 1,950 crore into new luxury housing projects across Gurgaon over the next four years. There’s nothing wrong with following a leader, just take your time and do some research before finalizing any purchases.