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The magic figure 1 crore that we were so used to hearing from our fathers has lost its credibility in todays market. But let me remind you that this magic figure still exists in Real Estate in Gurgaon. Those who are planning to invest in Real Estate in Gurgaon and have a budget of 1 crore, dont shy away. The two important developments which any investor or end user of residential or commercial property may like to note would be the Southern Peripheral Road and the Northern Peripheral Road as specified by the Gurgaon Master Plan 2025. Most of the developments are happening in these areas. The SPR and NPR together would form a ring around Gurgaon and connect Palam Vihar and MG Road through NH-8 near village Kherki Daula.
Make sure that all finances are in order It is a common mistake which generally people do when they invest in the properties for the very first time in Gurgaon-they do not realize that it is very important to have all the finances in order before looking for the properties. If one has purchased a commercial property before but not any residential property, then one will realize the difference in interest rates and the initial down payments that exist between the two. By having all the finances in line, one will be able to refine the budget which one is ready to invest.
SPR connects MG Road with Gurgaon Expressway (NH8) while NPR, also called Dwarka Expressway connects Dwarka in Delhi with the expressway. Developers like BPTP are coming up with their residential projects like, Amstoria, Park Serene and Spacio, while Ramprastha on the other hand has its ongoing biggest Ramprastha City which includes Skyz, Edge Towers, View and Atrium spreading in the land area of 450 acres out of which 15 acres of land has been given to the Dwarka Expressway. The current rates for apartment by these 2 major developers of the Northern Peripheral region ranges from about Rs. 60 lakhs to Rs. 1 crore depending on the size ranging from 1600 to 2200 Sq.ft.
