Gurgaon is home to many elite and premium properties with high-end facilities that cater to all the modern needs of a millennial user. With highly developed areas and well-connected roads, properties in this region are in high demand. These profitable properties have a high market value and are thus suitable for investment. Similarly, Sohna road is booming with opportunities to grow due to increase in demand for real estate in Gurugram region and construction of Dwarka Expressway. By investing in property on Sohna road, users gain access to Metro, Shopping malls and National Highway 8, which connects Delhi and Jaipur. Reasons that incline towards investing in Sohna road are mentioned below:
- Excellent Location: Gurgaon is in high demand because the location allows you to live a luxurious life in a beautiful setting. The location of Sohna road guarantees safety and security as users have easy access to everything nearby. Sohna Road is densely packed with hubs, schools, hospitals, and shopping malls.
- Development:Sohna road is developing and has the potential for further development. This area is expected to grow to undoubted heights with properties having high market value in the future. When investing in real estate, Sohna road provides economic development, as the region is going through developing phase of industrialization and commercialization. The development brings entrepreneurs and businessmen which in turns raises the demand for high-end real estate.
- Easy and consistent cash flow: The builder floors in Sohna road suitable for residential purposes provide good rental returns ensuring steady cash flow. Renting out apartment or property helps in supplementing the resident’s income. Renters can seek attractive properties to rent without investing large sums of money, which is why Sohna Road properties are in high demand.
- Ample amenities: The location is important, but so are the interior amenities. These high-end properties on Sohna road not only offer you all kinds of properties but also everything you need to improve the standards of living. Some residential apartments are fully furnished, while othersare semi-furnished, but each property improves your standard of living. Some properties have gymnasiums, gaming zones, sports arena, jogging tracks, landscaped gardens and beautifully maintained clubhouses etc.
- Financial Security:Real Estate investment on Sohna road provides us with financial security because of steady cash flow and high rental returns. Investment is properties on Sohna Road makes the residents secure because of the minimal market risks. Constant developments and improvements in the region has helped in booming the real estate sector which providesmonetary security and allows investors to live a simple but luxurious life. When done properly, every real estate investment in this region yields good returns.
Checklist for Real Estate Investment
RERA Registration:
Users will have access to detailed information on the public domain as a result of the mandatory RERA registration of projects, developers, promoters, and agents with real estate regulatory authorities. Easy access to information will establish trust of userson project and enable transparency among the buyers. This has helped in raising the housing demand in Sohna regions by establishment of projects by reputed developers while eliminating fraudulent players, resulting in a more organized market. The regulation requires developers to charge only based on carpet area. This will ensure that buyers only pay for what they buy, reducing the overall financial burden.
Legal Documents:
Buyers should ensure their peace of mind and security by checking the legal. It is important to seek proper legal advice, scrutinize documents, and verify the relevant information about the property. Buyers should also examine the building plan / layout plan approved by the local municipal authorities, as well as approvals issued by government, statutory, and regulatory authorities for infrastructure facilities such as water, sewage, electricity, environmental clearance, fire safety approval, and so on. Potential buyers should also check that seller has obtained an occupancy certificate from the appropriate authority.
Construction Quality:
To buy a property that will not age badly, it is important to pay attention to the construction quality. Construction quality is automatically ensured when all building characteristics are designed to meet the client’s expectations. Some of the features that are to be checked for defining the construction’s safety level are location of fire exits, an emergency evacuation plan, design of stairways, earthquake resistant building etc. A small amount of knowledge about construction quality is required to ensure larger returns on investment over time.
Check Developer Reputation:
The reputation of the developer plays a major role in earning huge returns on investment. The rate of return will be significantly higher than that of typical projects completed by untrustworthy local developers. This is why a one-time investment in real estate should be backed by a developer’s reputation. The reputation of the real estate brand speaks for itself and can persuade an investor to proceed with an investment plan. There is no chance of deception from reputable brands because they all understand that a reputation is built over time but can be shattered in seconds by a simple mistake. Hence, it establishes the importance of checking the reputation of developers.
There are many other important factors like location benefits, resale value of property, comparison of project to other properties etc.
Conclusion:
To conclude, institutional investors and those seeking a more secure, less congested, and healthy living environment in gated communities will surely benefit from investing in Sohna road. The area has become a popular destination for affordable and mid-range housing options such as group living, independent floors, and villas.
