Gurugram – The Commercial Hub of Delhi

Gurugram is a city in New Delhi in the northern part of the country. It is known as the technological and financial hub after Chennai and Mumbai. The city has many local and big corporate offices spread across various industry sectors. 

This has led to many business owners and start-ups to strongly consider Gurugram as the city to be in. No other city has seen such tremendous growth when it comes to infrastructural development for commercial centres and other overall development. 

In this blog article, we have listed down some of the new commercial projects in Gurugram. 

So, let’s get started. 

1. India Bulls One 09, Sector 109

India Bulls One is located 150 meters wide from Dwarka Expressway in sector 109 of Gurugram. The other location advantages include – 

- IGI Airport (10 min)

- Golf course & Sohna road (10 min)

- IFFCO Chowk, MG Road and Rajiv Chowk (18-25 min)

- NH8 & Dwarka metro station (10 min)

It has a great mix of office spaces, food courts, high-street retail outlets, fitness and entertainment zones, hypermarkets and anchor stores. There are a wide range of area options (area in sq. feet) to choose from if you wish to buy or take an office on rent as per your budget and considering other relevant factors. It provides one of the best amenities such as 24*7 security, ample car park, high safety and security as well as greenery.   

2. AMB Selfie Street, Sector 92

AMB Selfie Street is located in DLF Garden which is approx. 2 to 4 km from Dwarka Expressway offering a complete experience to the shoppers. The key features include – anchor stores, multiplexes, food court and retail stores. 

The other location advantages include -

- Rockland Hospital (10 min)

- Cybercity 2 (10 min)

- Proposed metro station (5 min)

- Residential and mega townships (walking distance) 

The expected possession is due by December 2020 and the price range starts from 18 lakh and goes up to 5-6 crore depending on the area size preference. 

3. M3M India

The company has gained rich experience in the real estate sector with a strong network base of financial institutions, business personalities and other reputed builders in India. This real estate giant has delivered more than 10 projects with many on-going and new launches in line. Some of the value propositions of M3M include – innovation, unique concepts, high and top-notch service standards and multi-dimension realty solution.

There are many other new commercial projects in Gurugram which make Gurugram a true commercial leader and financial capital of Delhi.  There will be a mix of more B2B and B2C domain sectors across start-ups and established businesses who will wish to expand their businesses in this city. For more details about properties of M3M India, please log on to http://www.m3mindia.com/ .

What Living in Gurgaon Really Means!

Here are two words that describe Gurgaon just the way it is - Convenience and Vibrance. This metro city covers a smaller area as compared to other metros. So, driving around the city to get from one place to another doesn’t take much time. You can call this an added advantage. Here are a few more factors about Gurgaon that you should know about, in case you decide to live here. 

Weather

The weather in Gurgaon is usually extreme. During summers, it gets extremely hot and temperatures soar as high as 47 degrees. During winters, the temperatures drop close to 8 degrees. Sometime close to the mid-end of the year, this city experiences moderate weather conditions.

Roads

The roads in Gurgaon are divided into two sectors based on their quality. Some sectors have good roads with timely repairs, while some roads are filled with potholes demanding urgent attention.

 Property

There are a lot of new upcoming residential projects in Gurgaon. Real estate companies like M3M, Avalon, Nimai, Piyush and many more have launched and completed quality projects. Each development has been built across this city to serve different commercial or residential objectives.

Food

Food joints are available in plenty. There are several high-end restaurants and local places too. One would always find a good place to eat or enjoy a meal. 

Nightlife

The nightlife in Gurgaon is vibrant. There are malls and other places such as Sector 29 and the Global Foyer or the Cyber Hub. These destinations are worth visiting. It’s no wonder that people are attracted to this city and therefore new upcoming residential projects in Gurgaon seem to be growing rapidly. 

Airport

The airport is stationed near the railway station which is an hour away from Delhi. Some areas, however, are limited to autos, cabs and other such private vehicle transportation. Private transport or cabs are a more convenient option when it comes to traveling to the airport with your luggage and other belongings.

So, Gurgaon as a city speaks convenience and vibrancy at the same time. And while it may get a bit congested to live in, many love the city and have adhered to its ways, just the way it is. It’s a great place to visit and spend time with friends too just like any other metro city. for more details about M3M India's residential and commercial projects in Gurgaon please log on to http://www.m3mindia.com/ 

5 Major Benefits of the RERA Act for buyers @M3M India

RERA Act 2016 is an Act of the Parliament of India. It seeks to guard home-buyers as well as help boost investment in the real estate industry. RERA Act came into force on 1st May 2016. The Central Government and State Government are accountable to notify the rules under the act. Under the provisions of the Act, all commercial and residential Real Estate projects, where the land is 500 square meters or has more than eight apartments, are obligated to register under the RERA Act, before launching the new project. On successful registration, you’ll be provided with a registration number, a login id, and a password. All top developers in India have to fill up essential details on the RERA website.

5 Benefits of RERA ACT for property Buyers

Right to information about the property-

The right to information is the right of every citizen. In India, buyers have complete right to information. It is one of the main advantages of the RERA Act for a home buyer. This can help a buyer in multiple ways. Under this law, a developer is obliged to share all the information about the project. A buyer can obtain information related to sanctioned plans, layout plans, along with the completion status. Developers usually give only half the information. But there are a few developers who prefer being transparent to their customers. One amongst them is the M3M Group. They are one of the top developers in India. M3M Group has a wide portfolio and stands out as one of the best among its satisfied customers in Delhi.

Standardized Carpet Rate-

RERA Act has made it mandatory for developers to disclose the carpet area of the units that they wish to sell. Previously each builder had his way of calculating the carpet area. But the RERA Act has a uniform method to calculate the carpet area. In RERA Act, the carpet area is defined as the net utilizable floor area of an apartment. The area is usually calculated in three different ways- carpet area, built-up and super built-up area. Hence while buying a property this can lead to a lot of misunderstanding on what you pay for and what you receive. But now with this act, it is the duty of the developer, to make buyers aware of the net usable area and quoted price based on the carpet area and not super built-up area.

What does carpet area cover?

Carpet area is a space where one can spread a carpet. Built-up area includes this area, plus the extra space approved by the authorities, such as the area of the inner and outer walls, balcony, etc. All the altered definitions are supposed to be practiced and executed by the real estate company so that there’s clarity and it benefits the end-users 

Authority for Grievance Redressed- 

In this case, if the buyer is not pleased with the construction or if he is facing any other complications regarding his commercial or residential property, then he can address it. This helps in maintaining transparency between the buyer and the seller and helps ethically solve the issue. Generally, this does not happen when the developer is reputed because he needs to maintain his brand image.

Advance Payment-

 As per the RERA Act, builders cannot take more than 10% of the total amount payable from the buyer as an advance application fee before starting the project. 

This is beneficial for a buyer as this rule allows a definite period for construction and the buyer does not have to pay a large amount.

Flexibility-

RERA Act has made the deciding on the date of delivery of the project flexible for developers, which they can ascertain according to their convenience. So if a developer feels that it’s going to take more time in developing the area, then the developer has the liberty to choose the date of delivery. This rule brings clarity to both, sellers and buyers. Buyers get to know the date of completion and accordingly, they can manage other things. 

So go through these points before investing in a property, Get to know about the developer and the quality of their work and then decide what, when, how to buy your dream home. For more details please log on to http://www.m3mindia.com