Gurgaon’s Real Estate King: The Legacy of DLF
DLF Gurgaon as a prime real estate hub
DLF is one of the most reputed names in the Real Estate market. It has developed lots of residential and commercial projects across India. Gurgaon has always been the DLF’s first priority. We can say Gurgaon is made by the DLF which is the most demanded city. It also delivered many luxury residential and commercial projects in Gurgaon. DLF set a benchmark to deliver the most expensive projects in Gurgaon.
Rising demand for under-construction properties in Gurgaon
DLF is also launching the new projects in Gurgaon. These projects are located in different locations of Gurgaon. Homebuyers and investors can choose the location as per the preference to invest in the project. DLF has launched many projects which are under construction. Demand for the under construction projects is rising because under-construction projects always give a good return.
Why Invest in Under Construction Property in DLF Gurgaon
Lower entry cost compared to ready-to-move-in properties
Under construction properties are the best to enter into the projects. The reason is the cost of the projects is low when it is under construction. Whenever you get the possession cost of the project is getting high. After the possession the apartments are ready to move. These ready to move apartments are demanded by the end users. This is the biggest benefit for investors so grab the opportunity at the time of construction. Gurgaon is a growing city and the demand of under construction projects is rising day by day for investment.
Higher potential for appreciation by the time of possession
As we know the investors always invest to get the high return from the project. They always invest in projects during the launching time. Some investors sell their property before possession who invest for a short term period. Property gets the major appreciation after the possession.
Payment flexibility and attractive payment plans
At the time of pre launch projects the builder gives the offer on the cost of apartments. Some projects have the pre launch offer for the early buyers. At Launch time they make the payments flexible and attractive to attract the buyers and give the best offers.
Current Market Scenario in DLF Gurgaon
Major under-construction projects by DLF
DLF launched many residential projects in different places of Gurgaon. DLF has launched its projects on Golf Course Road, Golf Course Extension Road, and SPR Road. These projects are under construction. These are the best locations of Gurgaon. DLF launched 2 projects on SPR Road DLF Privana South and DLF Privana West. DLF launched a project on Golf Course Road DLF The Dahlias. This is the first project on Golf Course Extension Road by DLF which is DLF The Arbour. All these projects are under construction.
Comparison with resale and ready-to-move-in properties
Resale properties are located in developed locations with constructed infrastructure. Ready-to-move-in properties provide instant occupation and modern amenities.
Key Benefits of Buying Under Construction Properties
Modern designs and latest amenities
The latest projects are based on different themes. Builder provides all the latest amenities and modern designs. There are huge clubhouse and open space as well. The under construction projects give ease to customers in terms of payment. Payment done in bits and pieces. The price got high till the time the project was ready to deliver.
Lower maintenance costs initially
Some builders offer low maintenance initially at under-construction. The Buying of these projects make maintenance cost lower
Benefit to invest in best developer’s property
Delay in possession
The main concern arises if the project is not ready or delayed in possession. So projects are under Rera regularity. DLF ARBOUR, DLF PRIVANA SOUTH, PRIVANA WEST and DLF THE DAHLIAS, all are RERA approved. The builder is obligated to complete the project on time.
Regulatory approvals and legal considerations
The regulatory Authority keeps the things under observation. In case of project delays, legal actions are taken. The builder pays an interest amount to its clients for the delayed period.
Fluctuations in market conditions
Another concern is fluctuations in market conditions. As an investor of pre-launch property, clients can see the market trend to gain profit. In peak time, prices of these projects get high as the project is getting close to completion. For example DLF The Arbour has 4 BHK apartments of 3957 sqft. Initially it was sold at a price of 6.5 Cr onwards. Now it’s been 2 years. DLF Arbour resale value is already at 9-12 Cr according to the preference. Even if property prices increase little by little, it always benefits at possession.
Tips to Find a Good Deal on DLF Under Construction Property
You need deep knowledge related to the projects which are available in the market so you can differentiate the better projects. Here are some tips to find out the best project.
1. Research the Project & Developer Reputation
- Check the developer’s delivered projects in the past.
- Check the project’s RERA-approved details.
- Check the customer feedback on the delivered project.
2. Evaluate the Location & Future Growth Potential
- Check the connectivity with major roads of the city.
- Public transport is available in that region.
- Concern for the locality to stay or to invest in the market.
- Near to the reputed Education, colleges, markets, and malls.
3. Verify Legal Aspects
- Ensure the projects should have all legal documents.
- Read all documents carefully to have a better understanding and avoid misleading facts.
4. Check Construction Progress & Delivery Timeline
- Ensure the developer provides the project on its timeline and pays the penalty in case of delay.
- Always try to visit the project to see the actual construction progress.
5. Evaluate the Location & Future Growth Potential
- Check connectivity to the metro, highways, schools, hospitals, and offices.
- Research upcoming infrastructure projects (new metro stations, expressways, business hubs) that can boost future property value.
6. Compare Prices
- Compare the price and size of the apartments with those of other reputed projects in the exact location.
- Compare DLF’s project prices with similar developments in the exact location.
- We need to compare the DLF project price with those of the other projects.
