The real estate market in Gurgaon is expanding rapidly. There is no doubt that this expansion of Gurgaon makes it one of the most attractive destinations for home buyers. Buying a property might not just mean that you’re buying your future home, but it is also an investment or a way to build your portfolio.
For years, we’ve heard of the beautiful properties in Gurgaon, but the main challenge is always finding the right property- a property that you can invest in. But, don’t worry as this guide has been put together for you to understand how you can buy a property in Gurgaon. We have an insider’s perspective based on our years of working in Gurgaon, and we also give you a brief understanding of how to get started.
All About Gurgaon
Gurgaon, located in Haryana, comes under the Delhi NCR. It is one of the most popular cities in India and expanding rapidly. The main growth of Gurgaon has happened in the past two decades. The rapid development of infrastructure and presence of multinational corporations headquartered in Gurgaon is what has made this one of the most prime locations for investors. Being close to Delhi, it also offers all the amenities of a metro city. The easy accessibility, the roads and the future looking skyline is everything is that makes Gurgaon such a “in demand” place. And there’s no doubt why people want to live here.
What makes Gurgaon an exciting place to live in?
- It is up and coming : Gurgaon, initially was nothing but a village of barren land and very little development. And what stands on the barren land now are huge skyscrapers and apartments. The growth story of Gurgaon is fascinating, and everyone wants to be a piece of that cake.
- Property appreciation : No one wants to miss out on stellar returns. There are some people who are buying properties in Gurgaon because of the exceptional growth the property rates have shown in the past few years. Gurugram flat prices have almost quadrupled in the past 8 years and are expected to go even higher. Many believe that Gurgaon is on its way to becoming the next New York city.
- World class infrastructure : Gurgaon boasts of an impressive skyline with skyscrapers, luxurious apartments, and modern housing societies that cater to various lifestyle needs and are equipped with the best amenities. The quality of lifestyle in Gurgaon is an aspiration that people want to achieve and surround themselves with.
- Cosmopolitan Vibe : As most people in Gurgaon come from diverse backgrounds, the place offers a culturally rich environment. From various shopping malls, recreational spots to dining experiences, it offers a rich social life as well.
Your Guide to Home Buying in Gurgaon
If you are looking to buy a property in Gurgaon, then here is the perfect guide for you.
Determine your budget and purpose for buying the property
Before looking for flats in Gurgaon for sale, make sure that you decide your budget and what kind of property you want to buy.
The purpose of buying should also be clear as it helps in narrowing down your search. Buying a property could be for investment purposes or to make your home or shop. So, plan this beforehand. The different kinds of properties you can buy are-
- Commercial
- Residential
Buying a commercial property is a little different from buying a residential property and you must approach the entire process with a different mindset when it comes to commercial properties.
Get preapproved for home loan
Before you start your search for a house for sale in Gurgaon, you need to know your borrowing capacity and the extent to which you will get a loan. This also shows the seller that you are a serious buyer.
Start your real estate investigation
Once the basics are finalized, it is time for you to start your investigation. Look at the different neighborhoods, property types and market values to narrow down your options. A quick google search will help you get started, but make sure that you do a site visit before making any decisions.
Work with a RERA licensed real estate agent
Buy house in Gurgaon only through a reliable, RERA licensed agent who will be able to guide you through the entire process. Getting an agent to help you can save a lot of time, energy and money. Choose an agent who has good knowledge about Gurgaon and will help you get the property at a good rate.
Take some time to look for the best fit
Independent house for sale in Gurgaon can be something you desire, but do not overlook the lavish apartments in Gurgaon. These flats in high-end societies provide all possible comforts and luxury, giving you a different living experience.
Make an offer on the property you like
Once you find the perfect home, make a formal offer through your real estate agent.
Get the home inspected
Hire a professional to thoroughly check the property for any issues and make repairs, if needed.
Get the home loan approved
Once you finalize the property, get the final rounds of home loan approved. Your real estate agent can help you with this, if you face any issues.
Organize paperwork
Buying a property needs a lot of paperwork, so make sure that all the paperwork related to the property is in place. Get the financial and legal documents cross-checked by a lawyer to ensure no foul play.
Close the deal
Sign the final agreement, pay the necessary fees and officially get ownership of the property.
And voila! You have successfully bought a home for yourself!
Looking for property for sale in Gurgaon? Reach out to us and we will get you the best offer and guide you every step of the way.