Buying Ready To Move Flats In Gurgaon: What Every Investor Needs To Know

Investing in residential real estate is a great way for investors to diversify their portfolios or grow their real estate business. Investing in Gurgaon real estate in India is a particularly good idea. There are several top name builders, like Unitech, with projects steadily advancing and others on the drawing board; apartment buildings full of luxury flats and golf themed villas are going up in prime locations throughout Gurgaon. The time for investing is now. Before choosing properties to purchase and how to handle them once you have purchased them, there are a few details to consider first; having all the facts will help your venture be a great success.

Registration and Stamp Duty
Registration fees and stamp duty is due for any commercial or residential property bought in India. Each region has its own rates and those rates vary based on who is purchasing the property. For example, a single man purchasing a flat or a building will pay a different rate of stamp duty than a married couple purchasing property. Corporations also pay different rates than individuals or independent couples making property investments, explains DoingBusiness.org. Often, if you purchase a building or a flat that is in the building process, you can have the stamp duty written into the selling price in the contract. If purchasing a ready to move flat or building, keep in mind that you will need to be prepared to by both the registration fees and stamp duty upon purchase.

Non Resident Investors
An NRI is a Non Resident Indian, a person who is of Indian origin and holds an Indian passport, who may be residing abroad for school or employment. With this status, they are allowed to purchase both commercial and residential property for personal use and investment. Between the management from the Reserve Bank of India (RBI) and laws enacted by the Foreign Exchange Management Act (FEMA), purchasing investment property in India has become much easier and more secure for foreign investors, notes Money Control.com. An NRI may choose to purchase a flat or villa in Gurgaon with the intention of moving back to India at some point in the future, but use the property as an investment property, renting it out to earn extra monthly income in the meantime. 

Economic Growth in Gurgaon
Gurgaon has seen astounding growth over the past few decades. Once a small village of only a couple thousand residents, Gurgaon has become one of the most desired places to live in the Delhi area and has seen its population grow to 1.5 million residents. Economic Times explains that market analysts foresee the economic and population growth continue to grow. The economy is slated to grow at a rate of slightly over 7 percent in 2015. This growth means opportunity for investors. Buying ready to move flats in Gurgaon from well known and highly respected companies like Unitech will allow Buying ready to move flats in Gurgaon you to be ready to meet the growing housing demand of the public.
A major catalyst for the economic growth of Gurgaon has been the inclusion of the cyber and technology industry into the business field. Gurgaon is Cyber Central for India and the businesses there offer many jobs and opportunities for residents to have successful careers. The economic and housing booms have also increased the demand for luxury shopping and products; for this reason there are over twenty shopping malls in Gurgaon, adding to the city’s economic stability and convenience for residents.

Options for Using Property
When you make the good choice to purchase property for investment, you have several option of what to do with that property once you have purchased the building or flat. One option is to hold on to the property and rent out individual flats or even rooms. Gurgaon is home to several universities and often, students, especially at the graduate level, do not wish to make their home on campus and therefore look for rentals. There is also a market for rentals among young business people who are just starting out in their careers and not ready to purchase a flat of their own. Another option for investors is to purchase properties while they are being built, and subsequently offered at the best prices, and hold on to the property, selling it later on down the road when property prices go up as availability of unoccupied homes goes down.

The residential housing market in Gurgaon is booming. The economy in India is strong and steadily growing. The circumstances of prosperity make this a prime time for investors to purchase residential property. Whether you are a resident investor or an NRI, there are plenty of opportunities for purchasing properties in Gurgaon as builders are currently planning and constructing many luxury apartment buildings, flats, and villas. Evaluate your opportunities for invest, take circumstances and finances into consideration, and make the best choice to reach your financial goals.
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