subject: Advantages Of Resale Properties In Gurgaon Over Newly Launched Projects [print this page] Ever since Gurgaon has become the hub of all corporate offices and multinational giants, it has also become hot favorite of those who want to invest in real estate especially residential properties. There are two options to acquire a residential or commercial property in Gurgaon- either buy one in the upcoming projects of various developers or get a resale property. Both the options have certain advantages and disadvantages and the decision is guided by the need and budget of the investors.
Resale properties are witnessing popularity over the new projects in the city. The prime reason behind the popularity of resale Properties in Gurgaon is the quick possession and ownership of the residential property. Many builders and developers like DLF, Bestech, BPTP, Godrej property etc have instigated projects in the city or in nearby areas of gurgaon like Manesar, Dharuhera, etc. But many of these projects are still in blue prints and actual work has not yet initiated.
Some projects have been started and are on the first or second stage of construction cycle. In both the cases, the investors have to wait for at least 3-4 years to get the possession of their own houses. Due to the time taken in getting the ownership of the property many potential buyers are on a lookout for resale properties.
The other decisive point behind the popularity of the resale properties in gUrgaon is the location of these properties. The resale properties are generally located in the central and posh areas of the city which has developed infrastructure, easy availability of services and better connectivity with modern and updated technologies.
In contrast to this, the upcoming projects in residential segment of real estate sector are finding their foundation in the places which are not developed or one can say is developing. These places are often deprived of good roads, high quality mode of transport, modern amenities like Shopping malls, multiplexes, essential services like education, hospitals etc.
The only disadvantage of buying a resale property is the high quoted price by the owners. The investor in order to buy these resale properties have to pay a slightly higher prices in comparison to the new projects. But many individuals wont mind paying higher prices for the property which are aptly located with all basic and luxurious requirements within their reach and are ready to move in.
