Invest in Ready-To-Move-In Residential Property in Gurugram By: WireDus, January 31, 2024
Who doesn’t like to invest in a residential property that is ready for occupancy? Anyone with sufficient funds for a down payment would naturally prefer to close the deal quickly. This is where the convenience of ready-to-move-in residential apartments takes center stage. Once you have decided to buy a ready-to-move-in property, the next question is where to buy it, especially in a dynamic market like India, where cultures are vibrant and landscapes are diverse. If you are a working professional with kids, then Delhi (NCR) is an ideal location with good connectivity to key business hubs and top educational institutions. Last year, Delhi (NCR) saw the sale of residential real estate properties at an unprecedented rate. The region is still one of the best places to live, given its close proximity to business districts, schools, hospitals, and shopping malls.
Once you have made up your mind as to where to invest, now is the time to narrow down the location search. Gurugram is probably the best city in the NCR region that has witnessed unprecedented economic, urban, and population growth.
Let’s delve deeper into seven reasons why first-time home buyers and seasoned real estate investors should invest in ready-to-move-in residential property in Gurugram, a prime investment destination.
Great Lifestyle: Residents and visitors can never run out of activities to do in this bustling city. The city boasts many upscale shopping malls, offering a diverse shopping experience with high-end brands and homegrown boutique stores. For those seeking relaxation, gardens and parks provide serene green spaces to unwind. Food connoisseurs can indulge in the culinary delicacies offered by fine-dining restaurants that cater to their unique tastes and preferences. The city comes alive after dark with a vibrant nightlife scene characterised by pubs, breweries, and entertainment zones. Fitness enthusiasts can explore gyms, while golf enthusiasts can revel in the experience of a picturesque golf course.
Thriving Financial and Technological Hub: Information Technology (IT) and IT-Enabled Services (ITES) hubs, multinational tech companies, startups, and data centres in Gurugram have employed not only Gurugram residents but also professionals from far and wide. Business owners and professionals from Delhi are shifting to Gurugram, seeking expansion and better job prospects. With corporate expansion, the demand for housing is also gaining prominence. This flourishing residential real estate landscape is resulting in capital appreciation and favourable rental yields. The city has great real estate options in places like Dwarka Expressway, Golf Course Extension, and New Gurugram, offering promising returns for investors.
Educational Institutions for students: Whether you have already settled in Gurugram or are still contemplating the decision to provide your children with a better future, there’s no need to second-guess the availability of quality education in the city. Gurugram is recognized as an education hub with technologically advanced infrastructure and an excellent student-teacher ratio. Parents can streamline their search for the right school and college for their children from a list of 489 private schools and 301 colleges, considering factors such as location, subject, board, and budget.
Well Connected by Diverse Transportation Modes: The city is well-connected by all possible modes of transport. People in Gurugram can easily travel to Delhi International Airport via taxi or metro. The Gurugram Rapid Metro connects all essential commercial centres, including Cyber City, Gateway Tower, and Belvedere Towers. The railway station situated in Old Gurugram allows people to conveniently travel to many Indian cities. GMCBL (Gurugram Metropolitan City Bus Limited) is a public transportation provider that operates bus routes across Gurugram, Faridabad, and Delhi.
GMDA’s initiatives to improve infrastructure: The Gurugram Metropolitan Development Authority (GMDA) has planned to revamp all major intersections across the city with a purpose to tackle traffic congestion, make traffic movement smoother, and hence reduce fuel consumption and pollution. This mega-intersections revamping plan is for the betterment of daily commuters and is in the best interest of the city. Rapid urbanisation and increasing population will no longer be the cause of escalating traffic pressures at intersections and roads, especially during rush hours. Gurugrammers and professionals commuting to the city on a daily basis from Delhi and Faridabad can expect sustainable urban development with road network improvements, public transportation expansion, and water infrastructure upgrades.
Availability of Apartments in All Price Ranges: Homebuyers with small to large budgets can find suitable residences, from affordable homes to ultra-luxury villas and penthouses.
Prominent Projects: Since the city is not as old as Delhi or Faridabad, there are better chances of finding a relatively new project to invest in. ATS Greens has built ATS Marigold, a ready-to-move-in property right on Dwarka Expressway. The residents of this prime real estate destination in the NCR enjoy superior connectivity, high rental yield and excellent infrastructure. It is merely 15 km from IGI International Airport and 15 km from Cyber City. The ATS Marigold residents can exclusively enjoy all the sophisticated amenities offered within the property, such as a clubhouse, swimming pool, gym, kids’ play zone, tennis court, and basketball court.
To conclude, the real estate market in Gurugram has high growth potential, and investors can benefit from this upward trend. First-time homebuyers should buy a property in Gurugram and be a part of the city’s growth story.