Real Estate market is growing rapidly with time. Metro cities have become hub for these real estate projects. Specially in Delhi/NCR, You can see real estate projects everywhere. These projects are intended to provide you with a never before housing experience. All of these have luxurious facilities and are surrounded by a lush green area. You can stay with ease in these projects.
So, What is a Real Estate Project?
A Real Estate Project is a construction of building or housing with better amenities to attract new customers at a new place. It is something that has a defined beginning and end, has a defined goal and a number of workers or resources that may or may not work together. Real Estate Project firms define scope of work, manage budget and all the members working on the project. It’s main motive is to provide people with their dream home at a cost that will suit their pocket. They work on modern infrastructure and facilities to keep you ahead with fast changing time.
Facilities these projects provide
Real Estate Projects provide you with a home full of luxurious facilities. These projects are situated in a posh green area which has nearby hospitals, schools, shopping centres etc. So that you don’t have to look here and there for all of your needs. Wider roads have been built so that you don’t have to face any traffic issues in your Housing area. No headache of parking your car, because these projects provide you parking facility also. Also don’t worry about the payment as you can pay in easy emi’s. 90% Bank Finance is available. Zara Sector 112 Gurgaon is one of such projects. It is providing 1,2 and 3 BHK apartments at a splendid area with luxurious amenities. The area is surrounded by greenery and has all the facilities you need in your dream home. Zara Rossa Gurgaon is on dwarka expressway and nearby to dwarka metro station. This affordable housing project is the one that shouldn’t miss. Don’t believe what you listen, see the gorgeous location and apartments of zara rossa and decide yourself.
Things to keep in mind
Everything which has pros has cons also. Although most of these real estate projects are authorized, some of them are fake also. Builders can sell you apartments in a area which is not authorized and that can cause serious trouble for you. The money that you have saved for your dream home can be totally wasted. Some of them can give you fake papers of your apartments and that is also something serious.
What you should do
You should do a thorough verification of the place and seller. You should check that they are authorized seller or not. Take advise from a advocate in paperwork related matters. Also check the project site yourself by visiting it. Don’t go on what you listen. Be careful and choose wisely.
Why Gurgaon is the best choice
Gurgaon or Cyber City as it is called nowadays has become the new industrial hub with IT industry being the most flourishing industry here. With growing industries, more and more people have migrated to Gurgaon. All of these need shelter for living and what’s better than a apartment in a posh area with luxurious amenities. The biggest reason for increasing number of real estate projects has been this. The growing demand for affordable housing has increased the number of housing projects. You pay advance and take accommodation in just a few months. No parking issues, electricity issues, water issues, roads issues nothing. You can live a life full of comfort and luxury in these housing projects.
Challenges in Real Estate Projects
There is nothing in this world that doesn’t have challenges. Real Esate Projects also face challenges. Sometimes some unauthorized people unethically own their land. Many a times, Heavy money loss occurs because apartments remain unsold. Investors have invested their money in the project and that is a big loss on their side. Sometimes projects stop or halt in midway and remain incomplete due to lack of funds. Finding investors is also a major task in front of companies as the housing projects involves crores of money and nobody becomes ready to invest such a large amount at once. All these challenges have badly affected the real estate projects.
Measures taken by Companies
Real Estate companies have taken several measures to overcome the above mentioned challenges. They have come out with many schemes to attract more and more customers to their project. Many housing projects are giving apartments at half of the price of that area. Emi facility is also now available with the option of bank finance upto 90%. Most of the housing project took booking amount when the construction is in progress. In this way, they don’t have to depend much on investors. Also their sale starts even before project completion. These housing projects have been setup at a place where rates of land are not that high so that they can make big profits by selling apartments.
Bottom-line is this that you don’t buy home Everyday. Buy you dream home wisely by comparing all the housing projects. Choose the one that is best in all respects.