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Which properties to consider in Gurgaon for investment? - Property Hotline
Posted
August 8, 2016
Views
3,071
Likes
9
Comments
4
Engagement
0.42%
August 8, 2016
3,071
9
4
0.42%
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5:39Now PlayingExpert: Jayashree Kurup, Head of Content and Research, Magicbricks.com
Question: I plan to buy a 2 BHK house for pure investment purpose. I can hold it for 7-10 years. My budget is `35 lakh. I am looking at Golf Course Extension Road, Dwarka Expressway and Sohna Road. Which areas should I opt for? Please suggest some projects as well.
Answer: Rs 35 lakh is a very small budget for the Gurgaon market. I do see properties in this range but they are largely by small local developers. All the localities mentioned Golf Course Extension, Dwarka Expressway, and Sohna Road have property prices upwards of Rs 4500- 7000 per sq ft. If you invest a small budget in an expensive market you might end up with less than premium property and its appreciation is also limited. In Greater Gurgaon or Sohna, there is a lot of new property that is being launched but it can take a lot of time to develop. In a market that is plagued by delays, do your due diligence well.
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