Advantages of buying a Builder Floor in Gurgaon

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Advantages of buying a Builder Floor in Gurgaon

For residential rooms, India has a lot of space. There is always a choice that we can choose from with various types such as apartments, individual houses, builder floors etc.Builder floors in Gurgaon have gotten popular at the time. Demand for an independent house has encouraged many builders to turn locations into building floors. Builder floors can not only be constructed on limited space, but the entire floor is often built in a way that can adapt to more individuals.

What is Builder Floor?

Thebuilder floor is residential units in low-rise independent buildings. These floors are built on a small or medium sized plot and each floor is sold at different prices. These are highly in demand and less expensive. These floors are constructed by the builder who cooperates with a landowner under a joint development agreement. There are several house buyers who are looking out for new build-up residential options with elements of luxury. This is the reason behind the creation of well-designed builder floors in gurgaon.

Advantages of Investing in a Builder Floor in Gurgaon

Without paying a high price, such as for a villa or a bungalow, it helps to create an independent residential space.

Essure, maintenance-free privacy and other charges that are available in large developer projects.

In comparison to shared floors in residential communities, separate water and electricity connections for each floor and mess-free environments.

If the entire floor is calculated together, when selling the floor, one can expect a higher cost.

To have a separate group of their own, both floors may be carried to family or friends.

Things to look for while buying a builder floor in Gurgaon

After the Haryana Government, in 2016, increased the Floor Area Ratio (FAR) for residential plots in approved colonies (link) under the Haryana Building Code 2016, the availability of building floors in Gurugram increased exponentially. This increased supply of building floors, combined with the evolving societal structure towards 3-4-member nuclear families, has led to a rising demand for such properties. From the ever-increasing number of companies moving their offices to one of the fastest growing cities in India, this appetite for builder floors in Gurgaon has received a boost, forcing the employee to move from Delhi to Gurugram.

As these low-rises are typically set up in clusters and form a part of a neighborhood, a better community living environment is developed. The advantage of this group layout is simple social exchange, you understand the people around you, and open space and greener areas are more possible. Low-rise buildings typically have parking on site, they might have less facilities than those found in high-rise complexes, but you may have a swimming pool and a clubhouse in modern low-rise complexes that you can rent for your family functions.

With low-rise gated communities that have low density and round-the-clock security, there are different luxury projects available. The advent of stylish building floors has seen the demand for luxury and lifestyle as the preferred choice among upwardly mobile Indians. In upscale areas of major cities, the idea of 3/4 level floors constructed on individual plots and marketed to individuals on per-floor bases catches up. You have the whole floor to yourself in this scenario and it is less costly at the same time than buying a villa. These building floors also provide you with a better premium than your high-rises.

It is seen, however, that most people face a lot of trouble while looking for an acceptable building floor in Gurugram. Too many options have added to the woes of the buyers, not much knowledge of the real estate laws and patterns, and the untrusting nature of the real estate brokers in Gurugram. Iwould therefore like to assist people in this amazing city looking for their next home and list five things to look for when buying a building floor in Gurugram:

Gated Communities:-

Unfortunately, in the recent past, there has been a marginal rise in Gurugram's crime rate. Fortunately, the crime rate has gone down again after the expected and strict steps taken by the city police. Nevertheless, people should look for gated communities like Sushant Lok, Rosewood City, South City to live in as a precautionary measure. These areas are gated and have a 24-hour security guard service offered. Also some Huda Sectors Resident Welfare Associations ('RWAs'), which are led by powerful and conscious residents, have built gates and security guards to enhance the area's security.

Public Transport Connectivity:-

Public transport connectivity can be segregated and discussed in the following ways:

Public Buses:-

For a long time, the town of Gurugram has suffered from an acute lack of efficient, easily accessible and comfortable bus services. After the advent of Gurugram Metropolitan City Bus Limited ("GMCBL") in 2013, however, things have changed. GMCBL is a Gurugram Metropolitan Development Authority ('GMDA') public transport company. With the joint partnership of GMDA (50 percent), MCG (40 percent) and Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC) (10 percent), GMCBL was incorporated as a special purpose vehicle with the objective of setting up, operating, running a city bus transport system in the metropolitan area of Gurugram.

Metro:-

Currently, 2 metro services in the city are operating. The Yellow Line metro runs from HUDA city center metro station in Gurugram to Samaypur Badli, operated by DMRC. The same map is available here for the same (link). The metro line is fully functional and consists of a total of 37 stations. Rapid Metro is the second metro service which is available in Gurugram. It is a metro system that serves Gurugram City and provides an interchange with the Yellow Line of the Delhi Metro at Sikandarpur Metro Station. The total length of the Rapid Metro is 11.7km, serving 11 stations. The system is completely elevated and connects Gurgaon's commercial areas and serves as a feeder connection to the Metro of Delhi.

In order to link Huda City Centre with the old Gurugram, the authorities are planning to expand the metro line. The project is scheduled to begin in 2019, but no construction or tendering process has yet started.

Highways:-

NH8 has long been the main highway for people living or commuting to the city, with NH8 splitting Gurugram into two sections and linking it with Delhi. Dwarka Expressway, however, has been the subject of discussion in the recent past, linking Dwarka and IGI Airport to the new sectors in Gurugram. Construction of the new Delhi-Mumbai expressway has also begun, and the Sohna Road Gurgaon will pass through it.

I would like to recommend buyers to check the distance between any prospective property and these landmarks after briefing on these 3 key public transportation facilities. Near proximity to major highways and/or metro stations leads to better capital appreciation of the land, as well as convenient travel for the people living in it.

Amenities Nearby:-

The market is a crucial consumer amenity and the proximity of the prospective builder floor in gurgaon to the neighboring markets should be taken into account. The key demand in the sector is for all HUDA sectors and prospective buyers should certainly check the quality of the market before purchasing any property in that region. A good point to bear in mind when purchasing a building floor in the city might be the proximity to large shopping malls (like those on MG Road).

Even though everyone is linked to each other in the modern digital environment through different social media and mobile games have become a good source of entertainment, it is good to have a club house close to your house. Most private colonies (such as South City, DLF, Nirvana Country) have a clubhouse for residents to relax, socialize and entertain themselves in their facilities. A major plus point for the building floor is the availability of a clubhouse in the surrounding area of a prospective home.

It's nice to have other facilities in the vicinity, such as hospitals, nursing homes, schools, etc.

Private  Sectors v/s HUDA Sectors:-

For potential buyers, deciding whether to purchase a builder floor in gurgaon in a private sector (such as South City, DLF, etc.) or to buy in a HUDA sector is still a point of debate. The first thing to check, before making a comparison between the private and HUDA sectors, is the above 3 points. The builder himself had previously maintained private sectors and that resulted in some sectors/pockets being well maintained within the sector and others being left to deteriorate. Recently, however, all roads in the private sector have been covered by the Municipal Corporation of Gurugram (MCG) and road maintenance procedures are in progress.The maintenance of the sector parks and other facilities is under MCG, including HUDA industries, but the respective Resident Welfare Associations (RWAs) have to take the start and have to be proactive in order to get the job done. One important thing to remember is that the transfer permission must be obtained from HUDA in the case of the resale of a building floor in the HUDA sector, but no such permission is needed for the resale of a building floor in the private sector.

Builder Reputation:-

Last but not least, before buying a floor from him, it is important to check the history of the builder. Many people have begun building and selling building floors in the city after the rise of FAR in Gurugram. First timer builders are a large number of these individuals and may be incompetent in constructing a high quality building floor. A prospective buyer should study the previous projects carried out by the builder and ask the builder about the property dealers.For the buyer, his move is very important because the quality of the building is very important (there is no point of living in a leaking building in a great locality which is connected to all the worlds of wonder by the best modes of transportation).

Things that everyone should keep in mind when investing in a builder floor in gurgaon

Research before making a decision on the builder floor.

Check for the rate of the circle and the general rate of the locality you are interested in.

Verify the property in the court.

Due to rising popularity, many developers have led to the announcement of construction floor projects in Gurgaon. Rising metro scope has also played an enormous role in making these construction floors very famous.