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

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