LUXURY REAL ESTATE MARKET OF GURGAON

Luxury Homes in Gurgaon

There was a time when the Realty Analysts used to doubt the caliber of Gurgaon’s Realty Market. Slowly and steadily the time has come when the city has become the first choice of people when it comes to investing in the Luxury Real Estate Market.

Young Professionals are driving the demand of Luxury Segment in Gurgaon. According to recent survey by Associated Chambers of Commerce and Industry of India (ASSOCHAM), urban youth aged between 24 to 35 years are the ones who are investing in the Real Estate.

The youngsters see Gurgaon as a city offering the right mix of lifestyle amenities, varied residential options and professional stability as well. The young buyers working in Multinational Companies are exposed to Global Living and prefer Multi Storeyed buildings to live in. 

They prefer living in present rather than worrying for the future. This psychology gives the young India the power to invest in the Luxury Segment. The sale of luxury projects has gone up by nearly 30% in past few years. When it comes to Luxury Residences, world-class amenities are what the builders compete on. The Luxury Residences start from the range of Rs 1.15 Crore. The price directly depends on the number of amenities being offered. When it comes to Gurgaon then the areas like Dwarka-Gurgaon Expressway, NH-8, and Golf Course Extension Road seem to be promising.

Many renowned builders like DLF, Vatika, Unitech, IREO, Homestead, Shoba Developers, Ansal API and more have already started to make their impression in the city. Different builders are playing different market strategies to mark their image in the market and shoot up their sales too.

Ireo has roped in the international hospitality chain Hyatt Hotels for its branded housing product, ‘Grand Hyatt Residences’ in Gurgaon. The range of the project will start from Rs 11 Crores. The project will offer 7-star like facilities to the residents.

Coming to Homestead, they are coming up with Branded Luxury Housing as well. They have announced a project ‘Ballet’ in Sector 72 Gurgaon. The project is inspired by Iconic Tennis Player Maria Sharapova. Sobha, one of the well known developers from Bangalore is coming up with Sobha International City in Gurgaon.

Puri Construction has also launched two high-end luxurious projects, Diplomatic Greens and Emerald Bay, in Sector 104 and Sectors 110-111 respectively. Vatika Express City also offers Luxury Living Options. Going with the experts, it seems that Gurgaon Market will continue to rule the Realty Market in NCR.

The main reason behind this is the amenities that the city offers be it Lifestyle, Amusement or Professional growth opportunities. Added to all this the increasing transportation facilities with other neighboring states, close proximity to the IGI airport, and Metro rail connectivity to Delhi, have also contributed to help Gurgaon reach to the  position as a preferred residential as well as commercial destination.

For Ultra Luxury Apartment in Gurgaon Visit:- Properties in Gurgaon

Top 5 cities for Property investment in India

Investing in property needs big capital investment. This mid-year has seen the worst downfall of Rupee in many years, which is why the Real Estate sector got its worst hit. Though, India has a great potential when it comes to Real Estate Market but the economic slowdown has affected the Realty sector badly.

Experts do not deny that this is the worst hit. The investment appreciation which usually used to go till 60-70% has left the investors with an appreciation of less than half of what they invested.  But the experts also believe that this slowdown will not remain forever. The coming quarter is expected to bring the boom back. The NRIs or the people who are earning their income in dollars are already in the benefit. This benefit is for both, the investor and the buyer.

The good time for the market is soon to come. So, why wait for that long and why not start with the search now. Here we share with you top 5 cities that are best for property investment in India.

1. Mumbai:  In Mumbai places like Wadala and Chembur are the best areas for the investment. This is because of the close proximity to premium office space markets, strategic location and proposed infrastructure projects like Eastern Freeway project and Monorail. In near future the city is expected to see brighter market status and offer good monetary values.

2. Delhi/NCR: Dwarka Expressway which will join Gurgaon and Dwarka, Golf Course Extension Road, Gurgaon and Noida Extension in Delhi-NCR are showing the bright prospects when it comes to property investment. Noida Extension has emerged as one of the best location to invest in residential segment as the housing prices are likely to jump by 111 percent during 2013-2017. Property prices might shot up to almost double the existing prices. Dwarka Expressway is emerging as a new residential belt. This Expressway will improve the connectivity between Delhi and Gurgaon, making the real estate boom in this area. 

3. Pune:  Pune has four major areas that are promising namely Hinjewadi, Ravet, Tathawade and Wakad. Proximity to employment hubs of West Pune and strategic location on the Mumbai-Pune Bypass Road is what will drive the investors to these areas in Pune. Hinjewadi is known as the IT Village of Pune which is reason behind the real estate growth in this area. Tathawade is said to be the extension of Wakad in Pune, located at a distance of four kilometers from Wakad. Ravet is situated on the eastern part of the Mumbai-Pune Bypass road which is likely to become popular from the employment growth in Hinjewadi. Wakad attracted the investors due to its close proximity to the Rajiv Gandhi Infotech Park.

4. Bengaluru: Localities like Hebbal and KR Puram are emerging as the most promising property

destination in 2013. Hebbal has witnessed healthy real estate movement even during sluggish real estate condition. With the establishment of Bengaluru International Airport, the residential hub- Hebbal has gained popularity. K R Puram or Krishnarajapura, suburb of Bangalore is a forthcoming sought after residential destinations in Bangalore after Hebbal. North Bengaluru will be the biggest beneficiary of the Bengaluru International Airport (BIA) and is expected to emerge as the new Central Business District (CBD) of Bengaluru within the next decade. While East Bengaluru possess the potential to provide a lifestyle shift.

5. Chennai:  According to the market study within next 5 years, Pallikarnai and Medavakkam will witness price appreciation of around 93 percent and 103 percent respectively. In Chennai, Pallikaranai is believed to be one of the popular employee residential locations. This area is expected to gain popularity with the upcoming Vandalur-Velachery Monorail Project. Medavakkam is a residential locality in Chennai which is in close proximity to the Chennai Airport.


Happy Investing!
Properties in Gurgaon

NCR undergoes another expansion

After 33rd Board Meeting of National Capital Region Planning Board on 1st July 2013, three more districts are added in NCR. This expansion includes three districts namely Mahendragarh in Haryana, Bhiwani in Haryan and Bharatpur in Rajasthan. NCRPB is planning to bring Jind and Karnal districts as well in the NCR.

According to CREDAI t
he main object behind adding more districts in NCR is adding the space in NCR.


The NCR till now included nine Haryana districts, Alwar in Rajasthan, five districts of Uttar Pradesh and the National Capital Territory (NCT).

The inclusion of these three districts in NCR has increased its area by 34%, which makes it a total of 45,887sq km.  This move is taken especially to reduce the burden on Capital-Delhi.

Kamal Nath, Urban Development Minister said that the NCRPB had also approved the Rajasthan government's request for identification of Jaipur as Counter-Magnet Area.

Counter-magnet towns are those towns that can be developed as alternative centers of growth and attract migrants to them rather than Delhi. Promoting growth of counter magnet towns are the principal components of the strategy to reduce both migration and population explosion in the Delhi metropolitan area.
Kamal Nath agreed with Sheila Dixit and said that to reduce Delhi's burden states should create infrastructure related to health, sewage treatment and night shelters.

Properties in Gurgaon

How to make study space in your room ?

Space management is a task in small homes

. We can say a room with 2BR or less is considered as a small home. A small home is enough for a nuclear family, but when the children grow up they demand a space of their own. This is when things get a bit difficult. There are various ways with which you can manage space in your home.



In the urban areas where lifestyle is much modern, children get more demanding. While creating a study room in small space, the first thing to keep in mind is to neither make it too congested and nor should it be too fancy.

Here are a few tips, to make your study room in a small space:

1. Furniture: Keep it to minimal. Use comfortable furniture but avoid very trendy chairs or desks. The design of the furniture must be very simple. It should also be light. Revolving chairs are a big no-no. Use comfortable chairs and keep in mind to buy the chairs in which you could touch the floor with your feet.

2. Color: Green color works really apt in the study room. Green color brings peace to the home and also rejuvenates and mind and give the mind the power to think creatively. It is a naturally neutral color that goes with interiors and furniture very well.

3. Interiors: Interiors should be calm and soothing. Do not go for very bold wallpapers. Choose lamps with the Fluorescent bulbs, as this not only saves energy but also gives the room brightness.

With all the experiments you do, the main thing to keep in mind is that it should complement your room’s interiors too. To create the study space in your room keep it simple, attractive and comfortable.

Properties in Gurgaon
                                                                                                    

NRIs gain with falling Rupee

The scenario of Realty sector became a controversial topic few days back. While there are people who believe that the market could crash in 2013, there are also some who believe that this slowdown is temporary and cyclic. The slowdown in the realty sector is quite positive from the investor’s point of view. This is the time when you being an investor could bargain as per your desire. Even the sellers start quoting alluring prices and schemes to attract the buyer. Schemes like Subvention, Assured Returns and Assured lease guarantee are to name a few.



It surely is profitable to invest at this point of time, but being a buyer you must explore the market too. Among these attractive offers could be some fake players also, so it is advisable that you must take an expert’s advice.

Now from the Slowdown in Real Estate market, the topic of discussion has moved to the downfall of Indian Rupee. Indian money is in a free fall with the rates gone as down as Rs 60/$. According to the experts, there are various reasons behind this free fall. The money is not like us whose growth is natural. Its growth or fall depends upon the economic and social conditions of the country like imports and exports, inflation, employment, interest rates, growth rate, foreign exchange reserves, macroeconomic policies, foreign investment inflows, banking capital, commodity prices and more. It is a simple theory : when people have higher income, they spend more which in turn increases the demand of the commodities and thus regulates the money. This regulation is what increases the demand of the money and its value too.

The people who can avail benefit from this slowdown are NRIs. A non-resident-Indian, if investing in India at this point of time can make a lot of profit. With property rates already gone low, the down fall in the currency has acted as the cherry on the top of the cake for the NRIs, who are earning money in dollars.

Going by the words of the experts the Real Estate Market is expected to rise again by the end of September, this year. Till then it is a great opportunity for all the NRIs who were planning to invest in India. Real Estate being an asset cannot remain down for ever thus investing in it is always profitable.

If you are an NRI, then you must take advantage of the current scenario and invest in Real Estate in India.

Properties in Gurgaon

5 Advantages of buying a home in slow market

The current hype in the market is “Real Estate Market Slow Down’. If you are in the Real Estate market then you must be well versed with the current market scenario; but what if you do not belong to the market?

After South India the Real Estate Market has slow down in Delhi/NCR too. This slow down can be felt in the market easily.  Following tips help you to know if there is really a slowdown in the market.


• Stay Updated: Keep yourself updated with the newspapers on the Realty news. If there is a slowdown then, it is a hot topic everywhere and the Newspapers are no exemption.

• Watch the trend: A sudden increase in the trends like Subvention Scheme, Assured Returns, Discounts and other policies are a sign of slow market. All this is done to attract the potential buyer.

• Ask the Expert: Go for an expert advice. The Real Estate consultants are the best people to consult at this point of time.

To an investor, the market may look attractive as it is filled with lucrative deals. Though, it is good to invest at this stage but you must be alert before doing so.

Here are the 5 advantages that the investor can avail when investing in the Real Estate Market when the market is slowdown.

1. The seller quotes a lower price that he does when the market is at a boom.  As a buyer, you can always bargain the prices and come down to the best suiting price.

2. Do not dishearten if you can are not able to get the home at a lower price. Sellers often offer better deals like leaving a furnished home (in case of resale property), cutting on the extra charges like Parking Charges,  Club membership charges (in case of original booking) and more.

3. You can settle the deal at a lower price as compared to the deals in the hot season, where you as a buyer might have to pay some extra amount to buy the house.

4. You get more options to explore during the slowdown. When there are more sellers and less buyers then           buyers have a bright chance to explore the market.

5. There could be an increase in the number of foreclosed properties at this time.

It is wise to stay prepared. Every coin has two sides and thus, with all the advantages there is a catch too. Buying a house during slow market can be full of options available at better prices. There are chances that the Bank gets reluctant in issuing the Home loan. So, if you are willing to make an investment during the slowdown market, then you must be prepared with the options of Home Loan. Do not forget to seek an expert advice as these are the people who can get you the best property at a best price.

Properties in Gurgaon

Why do we need Green Building

Real Estate market in India is growing at a very fast pace. Urbanization is playing a very important role towards degradation of the environment. When there is a problem, a solution always exists. The growth of Urban India cannot be stopped, but what we can do is act responsibly.

The logic behind going green is so simple, we have limited amount of resources available but the demand is ever increasing and thus the only solution left with us to conserve the resources.


The three main reasons for which we must go green are:

• It helps reduce the waste and conserve the natural resources.
• Green Building reduces power consumption. This in turn helps you to cut down on the electricity bills
• Sustainable designing helps you to stay healthy and lead a longer life.

Now, the Real Estate builders are moving towards the Green Building Concept. Not just the builders, in fact the buyers have also become smart and more responsible now. The buyers are concerned and are demanding green properties. This demand is not biased to either commercial or residential. Buyers in both the segment want their property to be Green Building Certified.

The facilities like rain water harvesting and power conservation are the two major things that people look for. Power consumption is done by using power saving appliances and materials.

Green Building is a big change in the current scenario. For sure the affects of Green Building will be cherished and enjoyed by the generations to come.

Let us unite and GO GREEN.

Properties in Gurgaon

Environment must exist in Urban India

Global warming is the major challenge being faced by the world today. When it comes to India’s contribution towards Global Warming then the Urban India comes among the top contributors. Nor can we deny the above stated fact and neither one can deny the fact that Urbanization is the key to development.

Development and growth brings a lot of opportunities. When we talk about opportunities then we consider a place where we can have better living standards and better employment opportunities. These two factors are really important if we want to achieve the title of “Developed country”.


According to the experts, by 2050 64.1% of developing world will be urbanized. Urbanization broadly means the physical growth of Urban Areas. This growth is surely more than just loosing green fields and water bodies. Industrialization is an important part of Urbanization, which affects the environment directly and it is also reducing soil moisture and a reduction in re-uptake of carbon dioxide emissions.

This does not mean that urbanization must not take place. Urbanization must take place as this is the key answer to many problems. With urbanization the living conditions, employment opportunities as well as the economic growth advances.

So, this simply means that the Urbanization and the Environment conservation must go hand in hand. Real Estate developers can play a vital role towards environment conservation. Builders these days are really focusing on Green Building Certification, Rain-Water Harvesting and Power Conservation.
This is a very positive step towards a greener tomorrow. Urbanization with responsibility is what we need for a greener and developed country.

Properties in Gurgaon

5 Things to remember when buying property in Auction

According to RBI’s guidelines if the borrower defaults on paying the EMIs consecutively till 6 months, then the bank is authorized to take actions. This legal action starts from sending the warning letters to the borrower and ends with auction of mortgaged property.

Buying property in bank auction can really be a good opportunity for a potential buyer.



Though, buying a property in the bank auction is a wise decision but there are points you must keep in mind before buying a property in Bank Auction.

• Do not take things for granted.  Before investing in the property available in the Bank auction you must   check the property by yourself. Visit the site and the property and only if you get satisfied, close the deal.

• Before the bidding starts refer to the sale deed of the property. Through this process you can ensure that the title of the property is clear.

• Check for the municipal bills/taxes. All of them must be paid; if not then at the time of property transfer you would be liable to pay all the unpaid bills.

• The buyer has to pay 25% of the bid amount to the bank within a day. So, you must be prepared with the finances as no bank gives you loan on the distressed property.

• Go for an expert advice before buying such a property. There is much legality involved and thus before buying a property in the bank auction, it is better to take an expert advice.

Keep checking newspapers for such auctions but stay alert.

Happy Investing!

-Saumya Chaturvedi

How Vastu Helps You To Keep Property Disputes Away

Property dispute is a common thing that is found in almost every family.  Family disputes within family are on a rise these days. Sometimes it is all because of the negative vibes around us, these vibes create negative feeling is us and thus lead to conflicts. Vastu Shastra really affects our lives a lot. It is said that the prevention is better than cure, so let us try to find some tips that can lead to a happy life and happy home. 

Vastu Shastra is an ancient practice and an effective science; there are various ways in which we can make our home a happy home.

• But depression in Northwest direction of the house can give birth to quarrel and insecurity, thus it should be higher than the rest of the house to retain security.

• The street on the southeast direction of the house should not adjoin your property as such location of street can prove to be a mental torture due to constant bedlam.

• Establish of entrance from the southeast corner of the south wall. It should be opened to eastwards or northwards.

• Northeast, northwest and southwest would settle restlessness and unhappiness if they are Cut, roundness or crested (raised). So, extend or project these corners to bloom joy and pleasure in the house.

We wish you abundance of love, happiness and wealth in your home!

Properties in Gurgaon

10 Tips to prepare your home for Monsoon

What can be more soothing than the thought of enjoying rain with a cup of tea and pakoras?  Some of the areas have already got relief from the heat waves after the cool sprinkles of rains. With all the joys the rain brings, it brings a great responsibility too.

It is always better to prepare your home for monsoons, so that you can enjoy rains without any tension. 

We will give you few tips on the same:

1. Keep your home well ventilated, this keeps the home away from dampness.
2. To project your beautiful carpets from the damage, fold them away before hand.  You can use multi-colored machine made acrylic washable carpets, which are washable and thus do not get damage in rain.
3. Ensure that you seal your windows with rubber strips, this will not let the monsoon water seep in through the gaps.
4. To protect your clothes in monsoon from the insects, keep cloves and neem in between your clothes.
5. Food is also one thing that needs to be protected in the Monsoons. Keep your food in air-tight containers to help it protect from spoiling.
6. Proper earthing and separate fuse for each power board is essential.
7. Ensure that drains are not clogged.
8. Keep a waterproof mat on the entrance of the door, so that your guests can wipe their feet and come in clean.
9. Designate an area near the entrance of your home for all the raingear, where the people coming from outside can keep their raincoats or umbrellas there for drying.
10. Make sure that the water does not get accumulated near your home, as this can lead to mosquito breeding.

We hope these tips will help you to keep Monsoon blues at bay and enjoy MONSOON!

Properties in Gurgaon

Why is Ansals Hub-83 (II) so hyped?

Retail sector is really booming in the Millennium city. Gurgaon has become a hub of all the commercial activities. The competition among the brands is what drives them to own their office in a prime location. Other reason behind the increase in the Retail sector in India is the government’s decision to regulate FDI in multi-retail brands.


Gurgaon at present is having an upper hand over other cities and thus it is attracting both investors and builders. Ansals have launched the second phase of Ansals Hub-83, after the grand success of phase I. Like the phase I, the second phase as well is the joint venture of Ansals Housing & Constructions Ltd and Samyak projects Pvt. Ltd. This new project will provide spaces for restaurants, shops and more. Ansals Hub 83(II) is located in sector 83, Gurgaon.

This project is the result of intense survey and research. Ansals Hub 83(II) enjoys the proximity of some of the best upcoming residential projects like Vatika City. It will be the only retail and restaurant space in the whole area.

Why to Invest in Ansal Hub 83(II)? 

Investing in Ansal Hub 83(II) is the wisest decision you can take!

1. Best of Location:
•Located on 84-mtr wide road
•Near to IMT Manesar
•Near to Dwarka Expressway
•Near to upcoming ISBT and Metro Depot
•Just 20 mins away from Indira Gandhi International Airport, New Delhi
•Several townships and group housing projects from renowned builders like Vatika, DLF, Orris, SS Group,
 Universal, Mapsko  and many more are coming up in the vicinity

2. Best Investment:
•Success stories of  Ansal Hub 83 Phase I assures the success of Phase II as well
•Surrounded by several townships and residential housing projects hold a great benefit for the project
•With one of its kind offering just Retail, Restaurants and Food Courts, investing in Ansal Hub 83 (II) is very profitable

3. Monetary Gains:
•Investments in Phase I have shown great appreciation in just two years
•Just 35% of the total amount has been paid and the resale is already yielding a premium that is approximately double the investment.

4. Amenities:
•Fine  dining restaurants
•Multi-level parking, Ample width staircases, open-air escalators, elevators, etc
•Central fountain, serene water bodies and natural sitting place gives a peaceful experience
•Other amenities include 100 % power back up, water supply and more

Click Here For More Information about Ansal Hub 83

Ansals steps in Luxury Segment

Real Estate Development in Gurgaon is at the peak at present. Gurgaon now titled as “Millennium City” is the second largest city in Haryana and lies in NCR.

Gurgaon is one of the most happening cities in India. It is the home of many corporate offices like TCS, Microsoft, Accenture, IBM, Sapient, Motorola etc. Not just this Gurgaon is also a hub of BPOs, KPOs and MNCs like WNS, Convergys, Genpact and many more. With awesome corporate life, the city also offers great recreational and relaxing options as one can find many renowned lounges, pubs, hotels, restaurants and clubs. Not just that The Golf Course in Gurgaon is a boon for all the Golf-lovers.

Once you are a resident of Gurgaon you can surely agree on the part that though with some shortcomings, the city still manages to offer lifestyle, fun, class and facilities to its residents.

The city is still growing and some of the major residential projects are coming really soon in Gurgaon. Ansals had been giving a very active contribution towards the development of the city. Ansals have developed huge colonies in Gurgaon namely Sushant Lok Phase I, II and III. Not just that Ansals has also contributed towards the commercial development of the city with markets like Sushant Arcade, Sushant Estate and more.

This is the first time that this great builder is entering the Luxury segments. Ansals is presenting its first ever luxury project in sector 88 A.  This much talked about project is great when it comes to location, connectivity and amenities. Spread across 10.10 Acres, this residential project will offer ample of amenities to add the luxury to your lifestyle.

Some of those amenities are:

1. Daikin/Hitachi ACs in all the Bedrooms 
2. Imported marble flooring in Master Bedroom & Drawing and Dining Area 
3. Laminated wooden flooring in other bedrooms 
4. Branded wall tiles in Bathroom with Imported Marble Counter and Branded Fittings 
5. Modular kitchen with two sides running counter along with Hob & Chimney  
6. Only 4 units per floor/core
7. Well-designed corridors and lift area on each floor.
8. Best use of space, every bedroom will have enough space to meet all requirements.
9. Every tower will have double height entrance AC lobby.
10. The amenities also include Club House: Exclusive large club of 10000- 12000 sq.ft. along with one swimming pool for adults and a toddler pool for kids.
11. Modern amenities like GYM, Badminton Court, Spa, Pool Table, Yoga/Aerobic/Mediation Room, Party Area, Designated Play Area for Kids and much more.
12. Central park and Green area, Landscaped garden, Walking Track & Water Bodies

Talking about the location, the greatest advantage that the Project enjoys is that the Project adjoins the upcoming commercial hub in Sector 88.

One can easily relate the future of sector 88 to the present value of Sector 29, Gurgaon. The commercial value that the Sector 29 enjoys at present is exactly what the sector 88 would see in just few months to come. Development work of the sector is expected to start within 3 months and within few years of time the Sector would definitely take up the shape of biggest commercial hub in Gurgaon. Ample of commercial activity comprising of High-street markets and best of Eating joint is what will be the future of Sector 88. In coming time, Sector 88 will see the largest commercial development in entire Gurgaon region. The project will be connected with proposed 24 meter wide circulation road on two sides and surrounded by upcoming township by Vatika.

All this will definitely provide an awesome value to Sector 88 A, where the upcoming project of Ansals is located.

What more a person needs? This upcoming residential project is really worth investing for.

Property in Gurgaon

Documents you must have when buying a Property

Buying a property is a very important investment for anyone and the experience is totally different when it is about the first property. In order to make that experience a good experience there are a few points that you must keep in mind. If you do not want to fall into the legal Hassels then remember that documentation plays a really important part during the property transactions.

Many buyers find this documentation tricky, but to be honest if you have a fair idea about the documents needed then this process is really Hassle free.

Let us see what all documents you as a buyer must have before buying a property in Original booking.

Indian Citizen:

According to the law, any person born in India, on or after 26 January 1950 to the commencement of the 1986 Act on 1 July 1987, is a citizen of India by birth. After 1 July 1987, a person is a citizen of India if either parent was a citizen of India at the time of the birth. After 3 December 2004, the person is citizen of India only if both of their parents are citizens of India or if one parent is a citizen of India and the other is not an illegal migrant at the time of their birth.

For Indian Citizens the mandatory documents are:

• PAN Card
• Photo ID Proof
• Address Proof
• Photographs – 2 to 6

NRI

An NRI is a citizen of India who holds an Indian passport and has been immigrated to another country over six months for work or residence etc.

For Indian Citizens the mandatory documents are:

• PAN Card
• Photo ID Proof
• Address Proof
• Photographs – 2 to 6
• Valid Visa
• If green card holder, then the person needs to produce NRO/NRE Bank account details

In India, there are just 3 banks that provide this facility: American Express, HSBC and Citibank.

Coming to Resale property, following is the list of the documents required:

When it comes to buying a Property in Resale, then the things get a bit trickier. Lots of other documents get involved and legal procedures increase. We share with you a list of mandatory documents with you, along with the identification certificates.

• Share certificate issued by the society
• Lease deed of society
• Registration details of the society
• Bye-laws of the society
• No objection certificate from the society
• Approved building plan
• Title of builder
• Undertaking from society
• Allocation letter, Allotment letter and Possession letter
• Receipts of payments made to authority
• Permission to mortgage
• Authorization letter signed from seller
• Receipts of payments made by purchaser to seller
• Verification of signature of seller from his bank

Property in Gurgaon

TDS on the Property from June 1, 2013

It is an added liability now for all the owners who own the property above 50 lakh. According to Union Budget 2013-14 an additional tax is now being imposed on property transactions. In order to track real estate transactions more widely, the Finance Minister has introduced this new TDS provision through Section 194IA with the current TDS provisions contained under the Income Tax Act. This provision will be in effect from tomorrow i.e. 1st June 2013.

The bill has proposed that purchaser of an immovable property worth Rs 50 lakh and above, which excludes the agricultural land is required to pay withholding tax at the rate of 1% from the consideration payable to a resident transferor and also that the tax will be cut from the total value and not the balance amount. The sole idea behind this policy was to bring transparency in the whole process of property dealings.

This will add to the responsibilities of buyers as they will have to deduct the tax amount from the payout and deposit it with the government. So, for instance if the property is of Rs 1 crore then a tax of Rs 1 lakh is deductible.

Now, every buyer will have to obtain a TAN number to comply with the provision, deposit the tax deducted within the specified time limit with the government and file the quarterly TDS returns mentioning the Permanent Account Number of the seller. He will also have to issue a TDS certificate to the seller. The proposed TDS provision is required to be applied on gross transaction value and not on the net gains.


Property in Gurgaon

Subvention Scheme for Real Estate Customers: TRICK or TREAT?

Real Estate is a big industry and like any other industry, Real Estate as well relies a lot on its substantial customers. Last year had not been very great for the industry and thus many alluring schemes came out in the industry to attract customers. One of such scheme at hype is subvention scheme.

What is Subvention Scheme?

Subvention scheme is the best scheme for the buyer to save himself from paying the EMI till the possession. Under this scheme, a buyer of an ‘under construction’ building is not required to pay monthly EMIs for a defined time-frame or until he takes possession. But the buyer is required to pay some percent (usually 15-20%) of the booking amount and rest after the possession. This scheme no doubt is beneficial for the buyers as it makes home buying easy and hassle free.

At present only non banking finance corporations and private banks like ICICI and HDFC are associating with the developers for subvention scheme. Under the subvention scheme, once a buyer applies for loan for an under construction property then the borrower need not have to pay any EMIs. Instead, all the interest for first two years will be paid by the concerned builder. Due to heavy risks involved, banks have agreed to associate with Category ‘A’ builders.

Who is offering Subvention Scheme Projects?

Banks are reluctant to finance such schemes with only Category ‘A’ builders, due to which small builders in the industry might find it very difficult to get their projects financed with the banks under such scheme. Experts say that Subvention Scheme works really well with mid-segment projects. Around 200 developers across the country have been trying to attract home buyers with the scheme.  Some of the well known Builders in Gurgaon/NCR that are attracting buyers with such schemes are Tata, CHD, Sare Homes, 3C and BPTP.

Trick or Treat?

This scheme is beneficial for all the three parties-Bank, Builder and Buyer.

For the banks, the scheme is beneficial as the bank gets an access to a larger amount of customers which in return is really good for the business.

The builder can get access to the funds for the project at a much cheaper rate of interest as the funds come in the form of home loans which are cheaper than commercial loans.

Now coming to the buyer, the buyer is the one who gets most attracted to the subvention scheme. For a buyer can be tension free from the burden of paying the EMIs even before possession. Not just this, the customer can enjoy the cost appreciation till the time of possession as well.

Even after all the benefits and attractions there is a catch to this scheme. The buyer must always read the documents thoroughly as a little carelessness can be very risky.  In case of a disputed property the buyer would need to get the money back from the bank.

Apart from this, the buyer must also keep in mind not to fall prey to all these attractive offers without knowing the fine prints. So whether the scheme is a trick or treats completely depends upon the wisdom of the buyer.

Property in Gurgaon

Top 5 Traps to avoid when investing in Real Estate

High returns and safe investment is what is making Real Estate so popular among the investors.  But recently the Real Estate market is showing uncertainty and this is when you as an investor must take care of few this things before investing to save yourself from the Real Estate traps.

We will be discussing 5 Common Real Estate traps that any investor must avoid to get a beneficial deal.

1.       Check the Price:

Abide by the old proverb “You make money in real estate by what you pay for it, not what you sell it for”. The price of the property will thus ensure that you are going on the right track. If you are buying in a heated market or in a ‘hot’ neighborhood, then the price will surely be rocket high. Make sure that your property is value for money before investing a huge amount. Stay away from inflated prices.

2.       History of the Developer:

Before investing in any project, remember to know about the developer. Real Estate market is booming and this is attracting newbie in the industry. In this industry, experience matters a lot and thus, you must be well aware about the history of the developer like when did they enter the market, their past projects and also the success rate of those projects.

3.       Geography of the Project:

No matter you are going for commercial or residential location and neighborhood matters a lot. Choosing the right location can happen only when you know why you want to buy the property. Always choose the property matching your requirements. Remember it is not your property which states the standard of the neighborhood but the neighborhood will make the standard of your property.

Location of the project holds an equal importance in the case of commercial property as well. Location is the factor that will decide your customers, thus the success of your business. Do not go for words but check for yourself the location and future chances of development.

4.       Facilities & Amenities:

This again is the trap that developer through on the investors. After choosing the location and the project, choosing the facilities is equally important.

There are few basic facilities and amenities like parks, power back up, water supply, security, well lighted roads within the locality or society, availability of daily needs and ample parking space must be there with other modern amenities. As no matter how beautiful your house is but without these facilities your stay can become really hard.

Facilities & amenities play an important part even if you are investing in a commercial property. Do not go by the words of the developer, but make sure yourself of the availability of the amenities like power back up, ample parking space, good electrical fittings etc.

5.       All that glitters is not gold:

This is a universal truth and thus holds importance in the case of investing in Real Estate as well. You must always take care and do not get allured by the samples built by the developer. Make sure that all you are seeing must be present on the papers as well, so that in future you do not end up making a fool of yourself.

We hope that these 5 points will prove to be beneficial and wish you a HAPPY INVESTING!

Property in Gurgaon

Gurgaon’s 2031 Development Plan to shoot up the Realty Sector

The final Gurgaon-Manesar complex Development plan 2031 got approved. The plan brought mixed bag of reactions within the Realty sector. With little shortcomings, the plan in all is quite promising. With the final plan, Gurgaon and its satellite cities like Manesar, Dharuhera, Sohna etc are expected to go Northwards. This plan will bring a great buzz in both residential as well as commercial markets. Not to forget, the special economic zones (SEZs) will also get benefited by the upcoming residential projects.


The plan has projected population of 42.50 lakh and a total urbanisable area of 32988 hectares. This will bring great business opportunities for the realtors dealing in this region. Let us try to understand in brief, the plan and its effects.

What’s the Plan?

After the three trials in five years, this is the final Development Plan. The plan includes around 20 new sectors and estimates 12 new projects and 2 new townships. An area of about 50 hectares has been earmarked in sector-68B for providing housing to low and medium income group. An area measuring 215 hectares has been reserved for a University in sector-68 which shall also be exclusively set up by the Government or its agencies. Land measuring about 135 hectares has been designated as a Bio-Diversity Park. A 90 metres wide road has also been proposed in the Development Plan connecting the Development Plan of Gurgaon-Manesar Urban Complex up to Sohna.

This plan will bring development in the areas like Dwarka Expressway, Golf Course Extension Road, Faridabad, Nothern Peripheral Road (NPR), Manesar, Dharuhera and outskirts area like Kundli, Sonipat, Ballabhgarh, Palwal and more.

Not just this, development plan 2031 will make the millennium city grow till Dwarka.

The Effects:

Nothing in this world is perfectly right or perfectly wrong. Same goes with this plan, with few shortcomings the plan will bring a great development in Gurgaon and areas around.

If we talk about the development, it has already started. The Sohna road in Gurgaon has already started to emerge as an IT Hub.  This development will not only affect the satellites city but is said to reach till Bhiwadi. Bhiwadi is a residential hub at present and this will attract more industries to set up their offices/ factories in the areas nearby.

All this has made Realtors really happy. Gurgaon, in the coming months will experience a great boom in the Real Estate sector.  With all this there is a missing link as well. The government has allotted 250 hectares of land per person which will force the builders to develop larger units. This will ultimately make the units unaffordable for the potential customers.

But overall the plan is quite progressive and will surely boost the lost real estate trend.

Property in Gurgaon

Property Records: Now digitally yours!

Digitization has taken place everywhere around us. Municipal Corporations in Delhi are all set to provide the property records online. This will not only help to maintain the data, but also preserve the data for years.
Very soon you will have access to your property records including the layout plans at just a click of mouse.  It has become really tough to maintain the older records as over the years their state has become worse.


According to the civic body officials property records of the civic bodies were kept manually and the move which was making it difficult to preserve such records.

“Some of the old ones have started deteriorating. To preserve these years-old records, this move has been initiated,” a South corporation official said.

The digitization of the records will make it much easier for the owners to get the information regarding their property and will not have to visit the corporation office every now and then. All the information about the property would be available online at the ease of just a click. All you would have to do is sit at your home and relax.

Not just the property owners but various government agencies and organizations that need information regarding any property from the civic agencies would also be able to access data online.

“The new digitized plans will also have necessary data regarding a particular plot, nearby plots, all their layout plans along with details of the particular colony and the area,” the official said. This is a real good step marking a bright future in the Realty sector.

Property in Gurgaon

How to make your house a GREEN HOUSE?

“Big changes begin at home”

Starting with the same thought, we all are aware of the increasing global warming in the world around. A big change is what we require right now. Thinking that you are very small will never let us achieve great results. It is high time now blaming others, it is the time now to stand up and be the change you want to see!

We can do miracles if we determine. Here we are to give you few tips on how to start the change from your very own home.  You can bring benefits to your planet with small changes like recycling, changing the cleaning materials etc.



Make “Reduce- Reuse-Recycle” the mantra of your life. Let us see how:

1. Go green with your appliances: It is the time when you find less power consuming appliances in the market. So, changes your appliances for the good. Appliance use comprises about 18% of a typical home’s total energy bill, with the fridge at the top position. EPA suggests that if any of your appliances is more than 10 replace them with energy-efficient models that bear their "Energy Star" logo. It is unbelievably true that if just one in 10 homes used energy-efficient appliances, it would be equivalent to planting 1.7 million new acres of trees.

2.  Change the temperature: Go for energy efficient Air Conditioners.  Use your ACs wisely. Using a ceiling fan with your AC cools your room faster and for a longer period of time. Wear light clothing in summer so that the cooling affects faster, enabling you to cut down the AC use easily.

3. Save Water: Water saving does not need techniques but change in attitude is what is required. Using brooms, turning off the taps when not in use, using buckets to water plants are few of the changes that can bring miracles. With just turning the water off when you brush your teeth will save 4.5 gallons each time.

4. Save Paper: Hardly there would be a home where computer has not reached. Use devices to write and internet to share instead of wasting papers. Or choose wisely; go for 100% recycled paper. This will not only help in saving trees but will also keep more waste paper out of landfills.

5. Say NO TO PLASTIC: This is the best and the easiest step of all. Say No to Plastics and Yes to paper, cloth or jute bags. According to EPA, Unfortunately, plastics are made from petroleum — the processing and burning of which is considered one of the main contributors to global warming.

6. Green your Lights: Use CFLs!! Compact Fluorescent Light bulbs (CFLs) use 66% less energy than a standard incandescent bulb and last up to 10 times longer.

7. Opt for Bamboo Flooring: Research suggests that Bamboo Flooring is the most environment friendly product. This is because of its high yield and the relatively fast rate at which it replenishes itself. It takes just four to six years for bamboo to mature, compared to 50-100 years for typical hardwoods.

It is high time now, let us get up and come in Action and save our planet.

Property in Gurgaon

VASTU OF YOUR KITCHEN

Vastu shastra ("science of construction", "architecture") is an ancient belief and practice which consists of traditional view on how the laws of nature affect human dwellings. It is years old practice of our country. There are many stories and religious believes attached with the practice of Vastu Shastra.


According to Vastu Shastra a body is made up of five elements which are:

LAND (Bhumi) - Earth, the third planet in order from the sun, is a big magnet with North and South poles as centers of attractions. Its magnetic field and gravitational force has considerable effects on everything on the Earth, living and non-living.

AIR (Vayu) - As a life supporting element, air is a very powerful life source. Human physical comfort values are directly and sensitively dependent on correct humidity, air flow, temperature of air, air pressure, air composition and its content.

WATER (Jala) - This is represented by rain, river, sea and is in the form of liquid, solid (ice) and gas (steam, cloud). It forms part of every plant and animal. Our blood is mostly water.
FIRE (Agni) - Represents light and heat which account for day, night, the seasons, energy, enthusiasm, passion and vigor.

SPACE (Akasha) - The Akasha provides shelter to all the above elements. It is also considered the primary conductor of all energy sources within the universal context – physical energies such as sound and light, social energies such as psychological and emotional, and cognitive energies such as intellect and intuition.
A perfect blend and balance is what makes our planet – Earth comprise of life.

When a new home is constructed then Vastu of each and every corner of your home is essential. Kitchen being said the heart of a house is why we thought of giving tips on the Vastu Shastra of Kitchen.

The Kitchen must be in either Southeastern corner or Northwest corner of the house.  According to the Vastu, you must have Ceramic tiles or Mosaic floors or Marble Flooring in your kitchen. The colors of the wall of your kitchen should be yellow or orange or red or chocolate. Black color is the worst choice for the Kitchen walls.

Things that must be strictly avoided in your kitchen are:

• If your Washroom and kitchen share a common wall, then it has a adverse effect on the family’s health.
• Kitchen must never be In front of main entrance.
• The kitchen must never be located in the North or North East as this can badly affect a person’s career.
• The Pooja room or temple must never be above the stove or kitchen sink brings bad luck.

These rules must always be kept in mind while constructing or re-constructing your Kitchen.


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Color Therapy for your Home

Pablo Picasso once rightly said that, “Colors, like features follow the change in emotions”

Colors are the inseparable part of our lives. They reflect our moods, personality and most importantly lifestyle. That is why, it is really important to choose a color therapy for your home.

Painting your home doesn't just mean choosing a color for your home but also choosing the RIGHT color is what is really important. Every color represents different meaning all together. Now a day’s people are more inclined towards choosing the light and translucent colors instead of going for the darker colors. The taste in art, architecture, fashion and interiors is really emerging among people, which is why people are going for soft and translucent shades like beige, lighter shades of green, lemons, whites and more such colors.

Colors are usually categorized as, warm and cool. Warm colors like Red, Orange and Yellow; provide coziness, warmness to the room and also stimulate mind and emotions. While the cool colors like blue, green and violet provide a peace to mind and give your room a spacious look. Colors are really important of one’s life; colors not only define the personality of the person but also affect the nature and behavior of the person.

Let us try to study some of the colors closely. Starting with Red, this color is associated with strength, energy, power and strong feelings like love, desire and passion. It also conveys vibrancy which makes it apt for Dining Room or can be used in your bedroom to give it a Dramatic feeling. Talking about Kitchen, Orange is the perfect choice. It is a wake-up color and stimulates mind and appetite. This color can be a good choice for Dining room as well.

Coming now to Family Room, Peach is a good choice. This color transfers positive energy and spreads warmth and maternity. Yellow is a very bright color and if the right shade is chosen then the color is perfect for the Study. Yellow is the color that repels depression and negative thoughts.

Now, talking about the Violet color, it is one of those which sets mind at ease. This is a wonderful choice for guest room. It can also be a great option for your hobby room, children’s room as it stirs creativity.

Apart from this are the two most neutral and soothing colors which can be used anywhere in your home- Green and Blue!

Green is a relaxing, centering, balancing color. Being that neutral, our eyes adjust to it very easily. Green is said to heal headaches and reduce anxiety. Blue is also very neutral color and thus gives calming and  peaceful environment to the home. It promotes deep breathing, and slows down the body.

I hope this will help you a bit in choosing the right color, instead of just going for a random color for your sweet dream home.

Property in Gurgaon

Property Registration goes Online

Around 200 property registrations are carried out each day. This grand transaction makes Delhi administration richer by 4 crore each day. But this, chaos at the registration office creates a lot of inconvenience for the buyers, sellers and officials as well. To fight with all this inconvenience, Delhi Administration has decided to take the e-way. Soon, you will be able to make an online appointment for property registration just like Passport Seva Kendra. This step will make the registration process simpler and more efficient. 

The online service will help you get the appointment, hence saving from the unnecessary long queues. This will make the process fast and tout-free as well, bring more transparency in the registration process.

According to the deputy commissioner, the website and software are under trial and no later than a month, the website will get functional. The website will also mention the list of necessary documents needed at the time of the property registration. All one needs to do is fill the form online, get the time slot and then visit the registration office at the specified time with the necessary documents.

Apart from the efficiency, security will also be maintained through this system. The administration has planned to put online pictures of the buyer, seller and the sub-registrar and also take the biometric thumb impressions to avoid any fraud. In addition to that, to ensure the secured property deals, full verification will be done prior to registration.


Property in Gurgaon

This is for sure that this e-way will make the process of Property registration efficient fast and fraud free.