Know These Real-estate Terminologies Before Buying A Home

Selecting the perfect property is not as difficult as it looks. With the right guidance, you'll be fine. You can start by evaluating all the important factors. Take a pen and a piece of paper and jot down your requirements.

Ask yourself, do you want a big house, a villa, an apartment or a small house? To get assured information, it is always good to consult an agent who usually deals with top developers in India.

To simplify your work, we have listed a few terminologies which are often used when buying a home. If you are not familiar with the realty space and wish to buy a home, this article may just help you.

Per Square Foot Rate

Per Square Foot Rate is used to determine the cost of the property and is also used when one has to compare multiple properties. While the price can differ from one property to another, it is beneficial that you compare all properties, especially with similar configurations. Per Square Foot Rate can be measured in different ways. One way is through the total area that should be divided by the total cost of the property. For example, if the property costs you Rs. 800 per square feet and the size of the property is 10000 square feet, then the property will cost you Rs. 12.5 lakhs.

Carpet Area

As the name suggests, you can spread a carpet that is the net usable area (carpet) in an apartment. The carpet area does not include the walls and the other exterior amenities given by top developers in India. In simple words, it is the actual area that you get to use in your apartment. This information is mainly used when buying furniture and other necessities like a fridge, washing machine, etc. 

Many people doubt if the balcony and washroom area is included in the carpet area. So, the answer to this is yes. It is covered in the carpet area and the built-up area which we will discuss in the next point. 

Built-Up Area

The built-up area includes the total area, and the outer border of your flat including the terrace, balcony, columns, and walls of your apartment. It is a mix of carpet area and the above-mentioned aspects. 

Above are the 3 main terminologies used while buying a home the next 3 will be explained in the following post. Stay tuned and Stay Safe! To know more about famous projects in Gurgaon by Top Developer in India like M3M India please log on to http://m3mindiaproperties.blogspot.com

4 BHK flats for sale in Gurgaon offered by M3M India

Housing in India varies from palaces of kings, luxurious modern apartments in the metro cities to tiny earthy huts found in villages. There are numerous factors which tell us about the type of houses found in an area. The culture, ethnicity, climate, geographical factors, and financial status are a few of them. Indian architecture differs largely in terms of quality, materials used, and aesthetics. Adding to this, let’s understand the types of homes found in Gurgaon. 

Villas/ Bungalows in Gurgaon – One-story homes or cottages that come with modern amenities are often fused with great architecture designed for an urban lifestyle. Few amenities that are usually provided by the developer include swimming pool, tennis court, clubhouse, kids play area, green gardens, squash court, lush surroundings, and more. You can see these types of houses in Gurgaon used mainly by joint families. The prime benefit offered while buying a villa or a bungalow in the area of space in and around the house, it gives enough room to grow your garden or even to take a stroll.

Luxury apartments in Gurgaon – A modern building includes several apartments in it. In such buildings, each apartment is a separate room or a set of rooms where many nuclear families can reside. At present, this type is the most common type of housing preferred and opted by people across Gurgaon. These are usually self-owned and controlled apartments placed inside multi-storied buildings. These comprise of different types of units like a penthouse, basement suites, and studio apartments.

These apartments are equipped with modern facilities and are designed using top-notch technology that sets unparallel standards of luxury and extravagance. These apartments provide one with amenities such as two-bedroom duplex apartments, sports centres, clubhouses, lush green space, and many more amenities. 

2BHK to 4BHK flats in Gurgaon – 

Ready to move in flats in Gurgaon are in great demand because they provide a wide range of facilities. These facilities include a detached room for house help, striking interiors, white marble flooring, flawless woodwork, swimming pool, modular kitchen set, round clock 3 tier security, clubhouse, and car parking area. Similarly, you can opt for spacious 4bhk flats for sale in Gurgaon. These flats are well-known for their added features such as sporting facilities, gardens, and split air conditioners mounted in all rooms for more details please log on to http://m3mindiaproperties.blogspot.com

3 New Projects in Gurgaon Golf Course Extension Road By M3M Group

 1) M3M Natura

If you want to live in an ultra-opulent home in Sohna road Gurgaon, then you must end your search. Because M3M Natura is just what you need. This project is a residential project that offers 2 and 3 BHK apartments. Natura is crafted beautifully to offer one a magnificent experience. This complex consists of 2 towers that are equipped with top-notch technology. These ready-to-move-in apartments are priced from Rs 70lacs onwards. Natura is fully equipped with up-to-date facilities including security arrangements with security cameras, firefighting systems guards, café, bar, pool deck, massage room, clubhouse, kids area, a gymnasium well equipped with modern equipment, panic alarms, amphitheatre, jogging trails, multipurpose hall for celebrating festivities and many more facilities. Come live a marvellous modern lifestyle that is forever yours to cherish. Come Home, Come to Natura.

2) M3M Latitude

Latitude by M3M is a project located at Golf Course Extension Road, Sector 65, Gurgaon. Developed by M3M Group, it is an elegant residential property, aesthetically designed and planned for its very own residents. Large windows, spacious rooms, abundant light and air will allow ample ventilation and make your life healthier. Latitude isn't only equipped with modern amenities but basic necessities near the project. M3M Group ensures that the residents cherish every moment spent here. 

3) M3M Heights 

Heights by M3M Group is the first-ever combination of Retail and Home to be launched in India. It is a reflection of innovative architecture that offers the best quality, service and has provided utmost attention to detail using the latest technology. M3M Heights is known to be an outstanding star in the magical skyline of Gurugram. The most unique part of this project is that it is combined with residential and commercial projects, and modern yet affordable housing options starting from 95 lac to 3 Cr. Consisting of 2BHK and 3 BHK apartments, it also offers air-conditioned lobbies to give you the experience you deserve. It will truly elevate your lifestyle, and by this, we mean that you’ll be able to live in the most sought-after landmark of Gurugram. To add more, this project is positioned in sector 65 on the 90-meter Golf Course Extension Road. M3M Heights is situated in the heart of the millennium city, reflecting glamour and eminence. Home to more than 10,000 families, besides being the hub and headquarters of foremost global businesses, here you’ll also find the finest infrastructure facilities like health care, schools, office spaces, and hospitality. 

These are our top 3, new Projects in Gurgaon Golf Course Extension Road. Hope this article helps you in some way or another, for more details please log on to http://m3mindiaproperties.blogspot.com

Five Myths to Bust before Investing in the Real Estate Industry

Purchasing a home is perhaps one of the most important and biggest financial decisions in a person’s life. You can’t go wrong in investing your hard-earned money. Even a small misconception could end up costing you heavily in the long run. We all tend to be extra cautious while going through this cumbersome process and do everything to make the right choices. And yet, many homebuyers are often misled by myths and misconceptions that float around. M3M India is India's No 1 Real Estate Company in terms of total sales, but this shouldn't stop you from researching before investing. 

While a homebuyer might come across a plethora of options and information during their initial level of research, it is up to them to dig deeper and filter facts from myths. This article will help you understand home-buying myths in India. 

Myth 1: Every project is covered by RERA

The RERA (Real Estate Regulatory Authority) Act, 2016 has been a relief for several home buyers. Unfortunately, most homebuyers believe that RERA covers all real estate projects and thus, it is safe to skip this basic check. This isn't true. It is vital to check if the project has been covered by RERA or not. RERA only covers projects with 500 square meters or more area or eight or more units. For a project to be RERA approved, the builder needs to register it with the authority.

Myth 2: Under-construction projects are safe now, thanks to RERA

Before RERA was introduced, a large number of builders defaulted on their under-construction projects and left many homebuyers in the lurch. This is the reason why people started opting for ready-to-move-in homes. However, after RERA came into effect, builders have begun completing existing projects instead of starting new ones. This sounds safe but doesn’t mean that one should place their trust in the builder. Even if the project is under construction, always monitor the progress of the work regularly.  

Myth 3: Subvention schemes are cherry on the cake

Subvention plans or no-EMI-till-possession plans are some of the latest and best schemes to attract home buyers. Under such schemes, a developer asks home buyers to pay 10-30% of the amount, upfront. Under a three-way agreement between the developer, the buyer, and a bank, the balance is paid by the bank to the developer as a loan. The developer pays the interest on the loan to the bank while the project is under construction. The bank then disburses money to the builder as the construction progresses. 

Myth 4: Investing in Tier 1 city is more beneficial 

Having a home in a Tier 1 city has its own advantages, substantial rental income is one. Rental income in metros is seen to be higher even if the capital appreciation of the property is lower, but one needs to decide if this is a beneficial trade-off. However, on the flip side, experts believe that Tier 2 and Tier 3 towns offer attractive options too. It is also a proven fact that these areas will develop with time and will ultimately offer return benefits as compared to projects in Tier 1 cities. 

Myth 5: Reputed Builders are safe to trust on

Even if you choose to buy a property from India's No 1 Real Estate Company, there is a huge difference between what a builder advertises and what is legally enforceable. What you hear from a developer may appeal to you, but you should always check the offerings thoroughly before investing. M3M India is a No. 1 Real Estate Developer in India and providing lots of residential and commercial projects nowadays for more details please log on to http://www.m3mindia.com/

New Commercial Projects in Gurgaon by M3M India

Here are our top 3 commercial projects by M3M that are broadly known as discretionary for property buyers:

M3M URBANA PREMIUM

Urbana Premium launched by M3M India is a commercial project and is located at Sector 67, off Golf Course Extension Road. Strident designs and eye-catching architecture are the main pillars of M3M Urbana. Their unified plan enables space planning in an improved way on the retail front. Experts believe that M3M Urbana Premium is poised to offer boundless opportunities to vendors. This project is designed to accommodate most essential amenities that is expected from a reputed High Street Retail developer. It’s a perfect mix of retail, office, and multiplex. It is positioned at the main junction of the 4-utmost premium 6X sectors off the Golf Course Road Extension. M3M Urbana boasts of cafes and fine dining at the lower level. The retail lower ground floor ranges from 200 to 1000 Sq. ft., while the first-floor size varies from 500 to 1500 Sq. ft. The retail second-floor size ranges from 300 to 2000 Sq. ft. and the size of the food court at the top floor is between 1000 to 1100 Sq. ft each.

M3M Financial Centre

This centre tops the game for commercial business. M3M financial centre by M3M Group is strategically located at sector 66 of Gurgaon. The property is spread across 5 acres providing spacious retail shops and commercial offices. To add to this, the project also includes 2 towers in the premises encircled by a lush green garden, of which one is reserved for offices and the other is dedicated to spacious retail outlets. This new commercial project in Gurgaon is greatly admissible for visitors who love juggling between work and pleasure. 

M3M CORNER WALK GURGAON

If you are looking for a contemporary office space but have not been able to identify a luxurious property? M3M Corner Walk Gurgaon may just fit the bill. This commercial project will fulfil all your needs and requirements. It is artistically designed and strategically conceptualized to offer a high-street retail shopping experience. It is one of the largest luxurious projects developed in Gurgaon sector 74 with added elite amenities and high-end specifications which can be compared to the finest 7-star resorts. So, get ready to kick-start your business at M3M Corner walk.

M3M India is a No. 1 Real Estate Developer in India and providing lots of residencial and commercial projects nowadays for more details please log on to http://www.m3mindia.com/

TOP 5 Real Estate Companies in India - Report Said M3M Group is No. 1 Real Estate Company

 

As per the Real Estate Research in 2020, listed below are the top real estate developers of India.

M3M India

M3M India is India’s no 1 real estate company with more than 4000 acres of land bank in the high-growth corridors of Delhi with a presence in all real estate sectors i.e. commercial, residential, educational institutions, entertainment sectors, IT SEZ, & hospitality. M3M is a debt-free company with an experienced and professional senior management team. Their experience and expertise lie in real estate, financial services, and consultancy sectors. They have over two decades of real estate experience in the NCR region and have been awarded for path-breaking project concepts and designs in the luxury real estate segment.

Godrej Properties

Godrej Properties celebrates a 100-year-old legacy of excellence and trust. It is among the top 5 real estate companies in Mumbai. The Godrej Group brings with it, a philosophy of sustainability, innovation, trust and excellence to the real estate industry. Their projects over the years have delivered many firsts in the Indian real estate sector. Planet Godrej, a skyscraper built in Mumbai was once India's tallest building built by Godrej Properties. In recent years, Godrej Properties has received more than 250 awards and recognitions, including the ‘Real Estate Company of the Year' award and ‘The Most Trusted Real Estate Brand’ award in 2019 from the Brand Trust Report and many more.

Omaxe Ltd

Omaxe is known as India’s No 1 real estate company with 118.62 million sq. ft. space in real estate. The brand ‘Omaxe’ was founded in 1987 by Rohtas Goel to undertake construction and contracting business. In the year 2001, the company entered the real estate industry and got listed on both stock exchanges (BSE and NSE) in 2007. Today, the company has expanded in 27 cities and 8 states, namely Madhya Pradesh, Punjab, Uttarakhand, Delhi, Himachal Pradesh, and many more. It is currently working on 21 real estate projects - 9 townships, 5 Group Housings, 7 Commercial projects including Malls, Office Space, Hotels & SCOs.

DLF Ltd

DLF Ltd was founded in 1946 by Chaudhary Raghvendra Singh. It started its journey with the creation of 20 real estate colonies in the Delhi NCR region. In 1985, the company expanded its reach to Gurugram, designing exceptional living and working spaces for working professionals. Today, DLF is the largest public listed real estate developer in India, including residential, commercial, and retail properties in more than 15 states and 24 cities. DLF generates Rs 7,766 Cr revenue per year. Their projects contribute to developing India’s changing needs and so it is known to be the largest real estate company in India.

Indiabulls Real Estate Ltd

Indiabulls real estate stands for luxury and excellence in commercial and residential properties. Founded in the year 2006, the organisation focuses on the construction and development of commercial residential and SEZ projects across major cities across India. It is one of the largest real estate companies in India and generates revenue worth Rs 5,015 Cr per year. Indiabulls has delivered 3.3 million sq. ft commercial properties in Mumbai namely, Indiabulls Finance Centre and One Indiabulls Centre. The residential segment includes Indiabulls Sky, Mumbai, and Greens Panvel, and has also successfully delivered projects in Gurugram, Chennai, Madurai, Thane and Ahmedabad. 

To know about more about research details please log on to http://www.m3mindia.com/

Top 5 Real Estate Destinations in Gurgaon

Gurgaon is recognized as the millennium city owing to its rapid development. It is also home to several reputed MNCs. The property prices of residential as well as commercial properties have skyrocketed over the years. More job opportunities, developed social infrastructure, and a seamless transportation network are some of the key reasons why real estate here is in huge demand. Apart from being an investor-friendly market with a sound land acquisition policy, it is also one of the most desired hubs when it comes to luxury living. Take a look at some of the most popular investment destinations in Gurgaon.

1. Sohna Road 

Sohna Road is a part of South Gurgaon. The area has good connectivity to various developed areas such as Golf Course Extension Road, and Netaji Subhash Marg along with a few hotels, schools, banks and hospitals. Delhi is just 51 km away whereas Faridabad is 42 km away. People have started residing here in large numbers. The residents have access to social amenities. Adequate infrastructure and presence of commercial hubs in and around the locality makes this place a preferred residential destination for millennials and investors. 

 

2. Dwarka Expressway 

Dwarka Expressway is one of the most sorted residential destinations. The place covers areas such as Bijwasan, New Palam Vihar, and Kheri Daula. The government has undertaken the construction of underpasses and flyovers along with new housing projects here. The place is also famously known as Northern Peripheral Expressway and is a preferred locality due to its proximity with Delhi. The area provides an impetus to the real estate sector in Gurugram because of its improved connectivity and availability of good infrastructure. Major residential projects include Emaar Gurgaon Greens, Godrej Summit, and Puri Emerald Bay.

 

3. New Gurgaon

The area is strategically being developed for real estate investors who are looking for higher rentals. The place is positioned close to the Dwarka-Gurgaon Expressway which makes it a promising real estate hub among those looking to invest in newly-developed areas. It is near NH-8, Indira Gandhi International Airport, and Kundli-Manesar-Palwal Expressway. The connectivity of New Gurgaon with the industrial town, Manesar, Riwadi, Bhiwadi, Cyber City, Udyog Vihar, etc., is another reason why this place is popular among investors. Top residential projects include DLF Ultima and Dlf Skycourt. 

 

4. Golf Course Extension Road

For all those who want to stay away from the hustle and bustle of the city, Golf Course Extension Road makes for a good choice! Surrounded by reputed schools, colleges, shopping malls, high-end restaurants, cafes, supermarkets, hospitals, and medical stores, this area is a preferred destination for those looking to relocate to a place where one can have access to most facilities in the vicinity. M3M's St Andrews, Adani Samsara Vilasa, M3M Polo Suites, and M3M Golfestate are some of the prominent residential properties in Gurgaon. M3M Golfestate offers luxurious furnished M3M 3 and 4 BHK flats for high-end home buyers.

 

5. Southern Peripheral Road

A crucial link between Faridabad-Gurgaon Road, Golf Course Extension Road, Delhi-Gurgaon Expressway, and the Southern Peripheral Road is an emerging real estate hotspot of Gurgaon. Positioned as an up-market location, this 16 km road intersects Sohna Road at Badshahpur and connects NH-8 to the Golf Course Extension Road. 

With excellent connectivity to the existing commercial hubs and rapidly developing social infrastructure, the residential as well as commercial realty market of SPR is expected to fetch good returns on investment in the years to come. Top residential projects include M3M Corner Walk. The project offers 3BHK and 4 BHK flats in this area for more details please log on to http://www.m3mindia.com/