Investing Trends

There was a clip when insurance premium residential places in Gurgaon were clocking grasp of as much as 50 to 200 per cent in a time period of 6-24 calendar months but two old age down the line things have got changed a lot. Future of more than than 50 per cent of the newly launched extravagance flat undertakings in Gurgaon is lurking in the middle, agents inform.

Projects that used to sell within a few hebdomads of launching are now seeing tough times. In fact, a figure of residential buildings, which are ready for ownership have got vacant flats waiting for buyers. The ballyhoo looks to be over, states Vijaypal Singh, a Gurgaon-based place broker. He informed that given the place prices, investors have got lost involvement in Gurgaon properties. As far as the end-user is concerned, it is a tough occupation to convert him for purchasing a Rs 50 hundred thousand flat coupled with Rs 2,000 to Rs 8,000 of care charges, he says.

Sanjay Maheshwari, another place broker, depicts Gurgaon place marketplaces on the footing of his experiences. "For a highly-mobile corporate executive, Gurgaon makes not do a very moneymaking proposition. The metropolis endures powerfulness cuts of 10-15 hours a day. Though, the 24 hr powerfulness stand-in installation is available in the apartments, the generator costs travels to Rs 1,000 to Rs 3,000 per month. Now, how many people can purchase a Rs 35-60 hundred thousand flat and pay such as high costs in improver to the monthly place loan installments of Rs 30,000-Rs 75,000? Practically, it is impossible," he says.

For investors, buying a Rs 50 hundred thousand flat in Gurgaon makes not do sense. The working capital values are not likely to travel up in the adjacent two-three old age and blocking such as big amounts in place is not feasible for them, remarks an investing advisor. If he purchases place in consideration of rental income, it come ups to 5-6 per cent a year, which is less than even the charge per unit of tax return authorities securities offer. No greenish pasturelands for developers ahead.