Gurgaon Case Study

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In the past few decades, Gurgaon has emerged as a favourite destination for most of the property buyers in the National Capital Region (NCR). The main reason is the rapid infrastructural development in the city that has proven beneficial for both commercial and residential real estate in Gurgaon. Also, the developers have been selling their projects in Gurgaon as an economic and restful place for the buyers.

On the other hand, Gurgaon has also become one of the biggest hubs in terms of creating jobs in the services sector in India. Thus, the market for rented apartments and houses is also soaring in Gurgaon. If you want to take advantage of this situation, you must take certain factors into consideration to rent or purchase a house in Gurgaon.
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• Physical Inspection: The physical inspection of the property is highly important for any potential tenant. One should properly check the fixtures, plumbing, electrical, and sanitary fittings to avoid any issues later. You should also talk to the owner of the place about the changes you want to make in the house once you move in.

• Maintenance Charges: Maintenance is a major reason for clash between tenants and landlords and it always better to discuss such issues in advance. As a tenant, you should be well-informed about all the expenses you would have to bear after renting the house or apartment. Regular issues such as wiring or electrical maintenance are usually not a problem but expenses such as colouring the walls and damage repair should be discussed right away if you plan to stay for a long-term.

• Brokerage Commission: You should carefully discuss the charges or commission of the broker if the house is being finalised through a broker. The commission amount should be set prior to the confirmation as it varies from broker to broker and region to region within a city. The amount can range from 15 days rent to a full–month’s
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A house or apartment from where you can commute easily to your workplace and other important places is certainly a preferred choice. Other amenities include the facilities in the society or community such as electricity and water. All of these factors can play an important role in finalising a property.

• Documents: Before taking any property on rent, you have to make sure that it is free from any legal issues. To ensure that, you can check related documents such as chain title or recent water or electricity bills of the owner to make sure that the person you are dealing with is the actual owner of the property.

Buying a House in Gurgaon:
Buying a property in Gurgaon is certainly not an easy task. You have to consider a number of factors along with the socio-economic environment of the region. And the expectations of family members also need to be considered while selecting a property. Some other aspects that can help you in buying a residential property in Gurgaon are mentioned

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