Useful Information on Buying Resale Flat in Gurgaon

Published: 28th September 2010
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Gurgaon is an emerging business hub with a thriving real estate market. Both the commercial as well as residential flats are being developed at large scale. In fact, the market is highly lucrative for property investors who also purchase homes to make profit. A large population of the city consists of professionals coming from various parts of India. Hence, many look out for shelters where they can shift within a short time span. For them buying resale flats in Gurgaon would indeed be a good idea.

Since you would be buying a resale flat in Gurgaon, you should make sure of certain aspects of property purchase. Let us take a note of some of the considerations before you buy resale flat in Gurgaon.

Tips on Buying Resale Flats in Gurgaon

  • Try for buying resale flat in Gurgaon only if you can arrange for handsome sum of money. The resale flats are usually higher in price than the newly built ones. The newly built flats are almost 50 % to 60 % of the total price of the resale flats.

  • If at all you are spending a higher price for a resale flat, always get the one which has good location. The newly built ones are usually built in the suburban locations, far from the central urban life. On the other hand the older resale flats are usually found in prominent location of the city. So, you would always get good choices of prominently located resale flats, hence never settle down for the one which is remotely located.

  • Since you are not going for the newly developed projects where all the basic amenities are provided, make sure you have them all in the resale property. There should not be acute shortage of any of the basic amenities that include water, power and proper sewage system.

  • Engage few professionals who can ensure the quality of construction of the building. Since, you would be buying an old building, it is really important to make sure of the strength of the structure. Avoid buying a property which is more than 10 years of age.

For the negotiation process and to do with all the legal paperwork, you may appoint a lawyer. Your lawyer can also detect whether the property is made according to the legal plan or not. If not, he may give you effective solutions as well.

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