building real estate

The latest trend in Gurgaon property rates shows an upswing in the residential property rates. Since the onset of the slump in the property market over the last couple of years, the real estate prices in this region has undergone a downward trend. But now the slump has shown signs of tapering off and the real estate market is back in the saddle. The average prices prevailing in the main centres of the city are like this: DLF Phase V, apartments Rs.2500 to 7000 per square feet, builder flats 6500 to 7500 and plots 50000 to 65000. These figures were approximately 5% to 10% less about 6 months ago. In the South City, apartment rate per square feet is from 3520 to 8000, builder flats 3000 to 5000 and plots 10000 to 25000. This price trend was approximately 10% less about 6 months ago.

The upward trend of the residential Gurgaon properties could be further evidenced by an analysis of the average price prevailing in other prominent locations of the metro centre. In Sushant Lok III, the apartment rate is on an average from 2000 to 3500, builder flats 2800 to 5000 and plots 25000 to 55000. Approximately one year back, these properties were available at about 10% to 15% less than these prices. Again, on the Sohna Road location, apartment 200 to 3500, builder flats 3200 to 4000 and plots 20000 to 40000. Last year December, these properties were available at 8% to 15% less than these prices. In the Palam Vihar area, apartment 3200 to 3500, builder flats 2500 50 4000 and plots from 30000 to 35000. About six months ago these were about 10% to 12% less than these figures. Further in the HUDA 2 locality, apartment 3000 to 6000, builder flats 2500 to 4000 and plots 20000 to 40000.

As aforesaid, the latest residential Gurgaon Properties rates show an upward trend. Not only prices, but rental rates also show an increase now. In the DLF Phase V, apartments admeasuring around 2000 to 25000 square feet have an average rent of 25000 to 65000 per month and builder floors from 17000 to 25000. In the South City area is around 10000 to 25000 and 15000 to 20000 respectively. The same kind of properties in the Sohana Road region has rent from 13000 to 18000 and 11000 to 17000 respectively. These figures were about 10% to 15% less about one year ago. Apart from the waning effect of the slump, the recent sophistication in transportation infrastructure has as added a new dimension to the property appreciation in this stretch.

Architecture is a unique skill that is used to design beautiful buildings, taking into account every aspect that is required for the completion and the final touches of each building. Within this discipline, residential architecture is the art of designing residential homes for people to live in. However, some residential architects could be quite expensive and very high in demand, depending on the type of residential house or flat you wish you get designed. On the other hand, trying to design and build a home without the help of an architect may not be the right idea considering the safety and functionality of the home.

Residential architects provide you the distinctive and innovative ideas so your home would be unique in design and style, it would also be strong enough to last for many decades of time. A home should be safe and functional while being innovative and unique. The floor plans, outlets and interior decor should be meticulously planned and placed to have a perfect looking and functional home. This is the entire responsibility of skilled residential architects. However, each client has a different requirement in mind when planning to build a residential home.

There are two types of residential architects, one being those who work with single clients who are interested in building a unique house while others focus on big projects like designing and planning apartment complexes, planned developments or townhouses. Such residential architecture planning sometimes would focus on replicas of earlier era architecture, green designing etc. In certain cases, it may just be a renovation of old homes to make them contemporary with modern amenities etc. Each division of architecture requires different abilities and skills. A good architect should be able to satisfy every client’s requirement with the best skills of architecture.

The aspects that residential architecture and residential architects include in their designing of homes apart from renovation, or building small or big houses, apartment complexes etc. are also designing lake cabins, prairie homes, log homes, country cottages and more. The trend of today’s residential architecture is eco-friendly buildings that are functional, elegant, unique, topographic and designed especially to suit the aesthetic sensibility of the client.

“Which is better investment in Gurgaon properties, residential or commercial?” Being a property consultant in the region, I have been confronting this query from the chunk of my clientele. Often it may leave you in perplexity as it happened when my boyhood pal Simon quizzed me the other day during his visit of me at my residence at DLF Phase IV. This conundrum kept my confused and my chubby chum was bemused. Well, it is a medley of varying factors that determine which property is better. In a primary residential locale, say DLF I or II, the scope for a luxury residential unit is better than a commercial one. On the other hand, in the prime commercial location of the city, residential premises are less attractive. This is a locality-wise parameter. There are also other deciding factors to be reckoned with while selecting property units in Gurgaon.

While you consider whether residential or commercial is better property investment in Gurgaon, time factor also is to be considered. For instance, during the recent recession and the resultant slump in the Gurgaon real estate market, commercial properties in the city were in a downward trend. Also, luxury apartment and villas also had less demand during the period. But middle and lower level residential units did not show much fluctuation in price. Also, it is estimated that in the coming years there will be a higher demand for middle-income-level residential units. This is due to the better pay-scale in the Government sector and a growing corporate sector in the region. Further, non-resident Indians who have been working in the Middle East return in big numbers due to the fall out of recession.

Thus the analysis as to whether residential or commercial property in Gurgaon,is the better investment,would reveal that both commercial and residential properties are good investment options in the region. It is a matter of time and locality that determine which is better at a particular place and time. Further, the city is in a great expansion phase and new areas have been acquired and are under development. In the new locations, the prospective investor should make intelligent assessments as to the spots where landmark developments would take place and make investments accordingly. For example, if there is provision for a public transport terminal or any point where regular public gathering is expected, investment in suitable commercial units will be ideal. Similarly, in the suburban sector investment in residential sector for villas and club houses would be more viable than investment in commercial projects.

There are numerous ways to invest in real estate. You can rent, flip, or fix. There are condos, homes, apartments, land, and buildings to invest in. The options are limitless.

There is, however, a great divide some investors have a hard time deciding on, residential versus commercial investing.

Residential property is perhaps most commonly what comes to mind when thinking of real estate investing. In general, residential property is a living space. This can include apartments, duplexes, homes, and condominiums.

Commercial property, on the other hand, plays home to businesses in the form of office space, retail space and other industrial type tenants.

If there’s one thing that people like to put off, it’s cleaning the house. As life gets more hectic around the United States, and weekends become filled with entertainment activities, house cleaning often goes by the wayside. That’s why residential cleaning franchises are one of the best ways you can start a successful business in an in-demand niche. Residential cleaning services are something that more and more people are looking to buy. With this type of business, you’ll be able to fill a growing need in the marketplace and have the professional image that comes with being a franchise owner.