Gurgaon has changed from a corporate satellite city to one of the most vibrant real estate markets in India. It is now home to many international companies, infrastructure development, quality lifestyle places to eat and shop, easy transport to Delhi, and is very attractive to buyers and investors.
In addition to the usual large high-rise buildings or luxurious condominiums, a different trend has developed where demand for residential units includes the trend towards luxury builder floors at affordable prices in some of the best locations in Gurgaon.
Today’s buyers are looking for much more than square footage – they want to have independence and privacy, with more land per person and a good long-term investment opportunity. Luxury builder floors in Gurgaon offer the perfect option for buyers looking to meet those needs, especially in Gurgaon premium micro-markets.
Let us look at the trends that luxury builder floors in prime sectors of Gurgaon are experiencing and how you can get a great price on a future investment while living in an area that is experiencing high growth.
The trend toward independent luxury builder floors from high-rise living
Over the last several years, there has been a major shift in how buyers want to invest in real estate. Although the average high-rise offers many amenities, there is a growing trend — amongst families and individuals – toward: 1) low density living; 2) independent floor ownership; 3) more privacy; 4) greater value per square foot of land; and 5) fewer number of residents per floor plan.
Luxury builder floors are generally defined by buildings with a maximum height of four floors constructed as Stilt + four floors.
Independent Luxury Floors : A Shift from Multi-Storied Units to Stand Alone Flats
In recent years, the preference of homebuyers has changed greatly from one generation to another. While apartment buildings offer amenities, many families now prefer to:
(i) Live in low density;
(ii) Own their own independent floor in a flat;
(iii) Have more privacy;
(iv) Have a better land share value;
(v) Have fewer number of residents in their building.
Luxury building lots are usually built to encompass a 4-story flat with lift access and parking for each apartment and offer the same features as villas but at a price that is comparable to the cost of living in a multi-floored apartment. Buyers of luxury building lots receive private access, spacious layouts, modern finishes, and many also have rights to terraces located on top of their building(s) within premium residential sectors.
Prime Location Benefits When Buying Luxury Floors in Gurugram
One of the greatest advantages of buying luxury floors in Gurugram is the expected appreciation in property value depending on the location of the property within a given sector. Locations in the more established, prime sectors will always have better access to major roadways and social infrasture than those in less established or emerging sectors. Therefore, properties located in:
* Golf Course Road & Extension;
* Sohna Road & Southern Peripheral Road
will have a higher resale value than properties located in developing or emerging sectors. Properties located in the Golf Course Road and Golf Course Extension sectors are some of the most desirable and affluent residential locations in Gurugram. Properties in sectors 42,43,54,55,65, & 66 provide residents with an abundance of access to:
* Rapid Metro stations;
* Cyber City;
* Premium Schools and Hospitals; and
* Luxury Retail and Dining.
Demand for properties within these two prime sectors remains extremely high due to the fact that there are an extremely limited number of independent floors available for sale.
Spr – Sohna Road
Sectors including 47/48/49/69 and 70 are offering entry points that are cheaper than all other sectors but still provide great connectivity. The area centred on the Southern Peripheral Road is undergoing rapid infrastructure development, resulting in a surge in interest from mid-to-high-end homebuyers.
Homebuyers will benefit from :
Competitive prices compared to those on Golf Course Road.
High demand in the rental market.
Emerging commercial hubs.
Good access via road.
For first-time luxury buyers and for investors looking for growth, this area has much to offer in terms of real estate location.
Gurgaon’s Central Sectors
Many established residential segments including Sectors 31/45/46/50/51 and 52 have reasonably developed infrastructure and are seen as having stable resale values. Families are drawn to these sectors due to their close proximity to markets, hospitals, and metro stations, making them very desirable. Luxury developers are building ready-to-move-in homes in these sectors that can be used immediately and therefore have a significantly lower chance of having issues once purchased.
Why Are Gurgaon Luxury Floors “Affordable”?
When people refer to luxury homes as affordable, they are not referring to inexpensive or low-end product prices but rather to value for money in a prime location.
Luxury floors allow for :
More usable square footage than an apartment.
Greater shared ownership of land.
Lower costs to maintain the property.
Less total expense associated with shared common areas.
Lower density living provides a sense of privacy from neighbouring units.
As an example, instead of paying a premium for living in a high-rise building, you could purchase an entire independent floor in a prime sector for the same or lower price point than you would be required to pay at a luxury apartment building.
The prime location benefit in addition to affordable price creates an unparalleled mix of luxury and practicality.
High-Quality Modern Apartment finishes
The luxury apartment finishes in Gurugram in the premium sectors offer a very high level of quality for the price that the apartments at this price point range from mid-level to high Italian marble or premium vitrified tiles in most prime sectors.
- Kitchens with Chimney & Hob
- Branded Sanitary Ware & CP Fittings
- False Ceilings with Full LED Lighting
- Lift Facilities
- Stilt Parking
- Gated Block Security
- VRV/AC Connect Outs
- Large Balconies
- Terrace Rights (Top Floor)
The amount of luxury that the Purchaser will be able to obtain is dependant on the independence of the Purchaser’s Unit.
Trends in Capital Investment and Appreciation of the Luxury Apartments in Gurugram
Gurugram is a major focal point for a number of large Fortune 1000 Companies, newer Start-Ups and the latest IT Companies. Therefore, the increasing demand for Residential Property is due mainly to Corporate Growth.
The Luxury Apartments in Prime Sectors of Gurugram are very likely to see :
Capital Appreciation at Strong Rates
Constant Demand for Rental Properties
High Rates of Resale Liquidity
Stable Growth Rates Over Time
Apartments Located Near Hubs of Employment are likely to provide Higher than Average Returns for Rent. With the continued Limited Supply of Luxury Apartments, Investors continue to prefer to invest in the Luxury Apartments due to the Demand for Independence Living.
As the Infrastructure and Metro Connectivity continues to Expand throughout the key and Emergent Corridors of Gurugram, the Demand for Residential Property continues to Increase.
Who Should Purchase Luxury Floors in Gurugram?
Luxury Floors are perfect for :
– Residents who want privacy, comfort and easy access to central locations
– Investors hoping for long term appreciation and rental income
– International buyers looking for premium Real Estate in a growing city
– Buyers who are moving up from apartment living to independent homes without going into a very high budget villa
Things to Consider Before Buying
Although Luxury Floors offer many benefits, buyers should carefully consider:
– The builder’s reputation
– The quality of construction
– Legal approvals
– Title clarity
– Specifications of the lift and parking provision
– Provisions for water and power backup
– Flexibility in payment plans. Buying in a prime sector offers better resale and rental potential.
The future of Luxury Floors in Gurugram
As the Gurugram real estate market continues to mature, buyers are emphasizing:
– Low density housing
– Smart layouts
– Excellent access to transportation
– Land ownership value
Luxury Floors will meet the demands of all four of these priorities. As there is a lack of available land in premium sectors, the demand for independent floors will continue to increase.
Developers are now placing more emphasis on modern elevations, smart home technology/ features, and sustainable building to meet the expectations of the new buyer.
The combination of a prime location, affordability of luxury and high appreciation makes builder floors one of the most intelligent investments available today.
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website : www.paramountluxuryfloors.com
Final Thoughts : Luxury is a Smart Investment in Your Future
Luxury floors in Gurugram do more than just offer you a home. These luxury floors are an investment; an investment that is smart financially, elevates your lifestyle, and shows your status within the Gurugram area.
By owning premium independent luxury floors located in prime locations within Gurugram at very competitive rates, potential buyers have the opportunity to own premium luxury independent floors without having to sacrifice privacy by moving into a high-rise apartment or paying too much money for a villa.
Golf Course Extension Road, Sohna Road, SPR, and Central Gurugram are all areas in Gurugram that currently have strong opportunities for premium address ownership at reasonable prices. Therefore now is an excellent time to explore these prime address locations in Gurugram when you are looking to invest in or expand your lifestyle. Modern day living meets traditional financial priorities when you find and purchase your new luxury home!