Gurgaon known for its opulent and luxurious homes is witnessing a slow and gradual shift towards residential plots. Even though multi-storey apartments are the most preferred property type in Gurgaon today, a large number of buyers are opting to go for independent plots instead of an apartment.
As per MagicBricks.com, demand for plots has shot up by 33 per cent since the Jul-Sep 2012 quarter. Nearly 20 per cent demand was recorded for plots during the Jan-Mar 2013 quarter.
When Gurgaon began developing as a residential destination plots were the norm. However, with time multi-storey apartments took over the real estate market in the sub-city and buyer demand gradually shifted towards the same. The major reason for this was the various amenities one could get with an apartment.
However, today demand for plots is witnessing resurgence in the Gurgaon market. “Amongst buyers, for whom budget is no constraint, residential plots are again gaining preference. Buyers chose apartments over plots because of the security and facilities that a gated community offered. Now, with developers offering independent plots with all the amenities that one could get in apartments including power back-up, buyers are more inclined towards these,” exclaims Ranjeev Kalia, GM Marketing, Ansal Buildwell.
Further, if you have the money, buyers would want to customise the designing of their homes as per their wish. Investing in residential plots gives this flexibility to buyers.
Giving his insights on why residential plots are gaining popularity in Gurgaon, Pankaj Bansal, Managing Partner, Oxford Realtors and Arbitrators says, “Plots cost lesser in Gurgaon as compared to Delhi, and thus we see that maximum demand for plots is coming from buyers in Delhi. Most of these buyers are those who have sold their plots in Delhi and bought property in Gurgaon. Good connectivity to Delhi via NH-8, MG Road and Metro also acts as a boon.”
Moreover, plots appreciate faster than apartments and thus prove to be a promising investment avenue. “A minimum annual ROI of 50 per cent is guaranteed in case one invests in plotted development in Gurgaon. Further, you are the owner of the plot as well as the house you construct on it, while one has no ownership right on the land on which your apartment is built. This realization has also led people to opt for plots over apartments,” adds Bansal.
Thus, if one can afford it, plots might just be the better option in Guragon today!
Sruthi Kailas, MagicBricks.com Bureau
source:- http://content.magicbricks.com/demand-for-plots-picks-up-in-gurgaon/?utm_source=toi-article-slider&utm_campaign=article-slider-article_link
As per MagicBricks.com, demand for plots has shot up by 33 per cent since the Jul-Sep 2012 quarter. Nearly 20 per cent demand was recorded for plots during the Jan-Mar 2013 quarter.
When Gurgaon began developing as a residential destination plots were the norm. However, with time multi-storey apartments took over the real estate market in the sub-city and buyer demand gradually shifted towards the same. The major reason for this was the various amenities one could get with an apartment.
However, today demand for plots is witnessing resurgence in the Gurgaon market. “Amongst buyers, for whom budget is no constraint, residential plots are again gaining preference. Buyers chose apartments over plots because of the security and facilities that a gated community offered. Now, with developers offering independent plots with all the amenities that one could get in apartments including power back-up, buyers are more inclined towards these,” exclaims Ranjeev Kalia, GM Marketing, Ansal Buildwell.
Further, if you have the money, buyers would want to customise the designing of their homes as per their wish. Investing in residential plots gives this flexibility to buyers.
Giving his insights on why residential plots are gaining popularity in Gurgaon, Pankaj Bansal, Managing Partner, Oxford Realtors and Arbitrators says, “Plots cost lesser in Gurgaon as compared to Delhi, and thus we see that maximum demand for plots is coming from buyers in Delhi. Most of these buyers are those who have sold their plots in Delhi and bought property in Gurgaon. Good connectivity to Delhi via NH-8, MG Road and Metro also acts as a boon.”
Moreover, plots appreciate faster than apartments and thus prove to be a promising investment avenue. “A minimum annual ROI of 50 per cent is guaranteed in case one invests in plotted development in Gurgaon. Further, you are the owner of the plot as well as the house you construct on it, while one has no ownership right on the land on which your apartment is built. This realization has also led people to opt for plots over apartments,” adds Bansal.
Thus, if one can afford it, plots might just be the better option in Guragon today!
Sruthi Kailas, MagicBricks.com Bureau
source:- http://content.magicbricks.com/demand-for-plots-picks-up-in-gurgaon/?utm_source=toi-article-slider&utm_campaign=article-slider-article_link
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