Property Websites In India Advise People To Buy Ready To Move Flats In Gurgaon

Many people are looking to buy flats in Gurgaon. Some people are looking to invest in under-construction property in Gurgaon whereas other prefer to buy ready to move flats in Gurgaon. People who are confused as to where to invest turn to advise to property websites in India. Although given the current scenario where builders are defaulting on possession dates most of the property websites in India are advising people to go in for ready to move flats in Gurgaon but buying a ready to occupy flat become infeasible for many who don’t have enough cash to buy a property in the city.

One also must remember that most of the builders of ready to move flats in Gurgaon do not negotiate and offer discounts. This makes it very difficult for a middle class family to afford a property in Gurgaon. Most of the people then either choose to buy an under-construction property in Gurgaon or they look for cheaper places to invest in like Noida, Greater Noida, Noida Extension, Faridabad, etc. Flats in Gurgaon have seen a continuous price appreciation over the years. Price appreciation was fueled by good development and infrastructure n addition to rising demand of accommodation spaces. Looking at the trend several investors invested in flats in Gurgaon. Investor participation and speculation caused the prices of flats in Gurgaon to rise phenomenally over the decade. Property websites in India also started terming the city as an attractive place to invest in.

However they years there have been several cases where builders have cheated customers by deliberately stalling the construction of the projects leaving the homebuyers out in lurch, helpless. As a result now most of the property websites in India advise people to buy ready to move flats in Gurgaon vis-à-vis an under-construction property in Gurgaon.

Campa Cola Residents Hoping For Relief

Most of the occupants of residential properties in Mumbai in Campa Cola complex are looking to return to their homes. A few months back the people living in these properties in Mumbai were forced to vacate their home after Brihanmumbai Municipal Corporation (BMC) had started the demolition proceedings. currently people are waiting for the BMC to file a reply to their plea in the Supreme Court.

People had moved out of illegal residential properties in Mumbai after BMC had removed gas, water and electricity connection from illegal residential properties in Mumbai. Most of the people had vacated the flats and had taken a flat on rent or shifted with their families and friends. But now most of the people are planning to return to the complex. The residents have now filed a appeal with the honorable Supreme Court (SC), asking about the details of the case. They want to know why the BMC has still not found a solution to their problem. The SC had asked the civic body to evolve a solution.

The civic authority has always maintained that there can be no amicable solution to this particular issue. The civic authority was given two weeks by the honorable SC to file its reply. In the next hearing which was held on 1st September 2014, the civic authority had requested more time from the apex court. They have sought another four weeks to file a reply. The deadline given to BMC is about to end and hence people are keen to move back to their Indian properties in Mumbai.

People are trying to buy gas cylinders for cooking, use emergency light and torches during the dark and buying water from nearby slums to meet their daily basic requirements. All that these people can hope for is a quick solution offered by the BMC.

Gurgaon's groundwater level drops

The demeanor of Gurgaon, on front of real estate, keeps on changing, as it happens with other cities. Right now, a lot has been happening in terms of realty market as it seems that in a few years time Gurgaon will become a dry state. The cause of distress is the city's groundwater level which is depleting at an worrying rate. The groundwater levels in the city see a reduction of more than one meter per year. This alarming situation may seriously affect the real estate of Gurgaon as it may scare future investors of Gurgaon properties.

People are blaming receding groundwater table on the MNC boom, which has caused real estate developers to make more commercial properties and flats in Gurgaon. In the last two decades India real estate sector saw major movement in real estate Gurgaon. The real estate Gurgaon witnessed
mushrooming of innumerable multi-national companies which gave rise to numerous job opportunities that led to an exponential growth in population and the failure of civic agencies to cope with the situation.

The dropping of groundwater table has therefore been attributed to rise in number of companies, shopping malls and flats in Gurgaon. A high court order in the year 2012 had strictly prohibited  setting up borewells for groundwater extraction for construction and residential usage. But still many people use illegal borewell to use groundwater. According to the honorable high court's order only civic authorities can extract borewells water.

The city is under the grip of inflation right now. The prices for properties are quiet hefty. There is a dire need to work upon the things, so that properties are within the reach of every section of society.

Makaan.com, the property India website, lists all types of flats in Gurgaon and other cities across the country. Get to know the prices tends for Gurgaon flats in major localities, on quarterly basis.