Gurgaon, to a large extent still
remains a semi-developed city of the National Capital Region (NCR). If one
closely surveys the millennium city, he/she will find a huge disparity in terms
of facilities offered in various sectors of Gurgaon. While some sectors are
richly embedded with nicely structured housing colonies and good market places,
there are others that have vast acres of empty land with no basic facility in
sight. It can be due to ill-management on behalf of state authorities or slow
expansion of Gurgaon in process. Whatever the case is there are people who have
still found out a huge positive out of this negative in Gurgaon. The HUDA
(Haryana Urban Development Authority) administration in Gurgaon has segregated
and approved big chunks of these empty land areas as commercial plots. These
empty commercial plots can be a great investment opportunity for people who
want to double up their life’s savings in the fastest way possible. But there
are certain things that have to be kept in mind before buying a commercial plot
in Gurgaon.
Buying Commercial Plot
There are property dealers and
builders in Gurgaon who sell commercial plots at lucrative rates. But out of
them very few are trustworthy. They can arrange fake documentation for a
particular piece of land in no time and dupe you of your hard-earned money.
Also, always do a pre-check that whether the commercial plot that you are
buying lies in authorized colony/sector or not. The property dealers in
Gurgaon generally try to convince people in buying an unauthorized plot saying
that the area will get the Government’s approval within few months. Don’t fall
prey to such fake promises and lose everything in the end. These unauthorized
colonies can get razed by the government any day leaving you with nothing in
hand. The best thing one should do before buying a commercial plot is look of
an approved land lying within an undeveloped area in Gurgaon. Buy this land and
wait for its value to be appreciated due to on-going infrastructural boost
given to the city. As and when the state government will start enhancing the
facilities of this area your land will start paying rich dividends.
Selling Commercial Plot
Once you own a commercial plot
the second step will be selling it once the value has reasonably gone up. The
key is to watch carefully the market trends. Keep yourself abreast with latest
trends in Real Estate and when and how the
value of your commercial plot is going to shoot. It is more or less like the
stock market but the wait can be much longer. Look for industries as
prospective buyers who plan to setup their units in Gurgaon. Once you get a nice
buyer for your commercial plot the process of buying and selling begins. From
preparing selling agreement to getting NOC (No Objection Certificate) from
authorities in concern like HUDA, Ansals and DLF
are all part of the process. Finally the Sub Registrar verifies all the details
of the deal and everything is finalized. A commercial plot investor can be the
king of Real Estate seeing the current market trends in Gurgaon.
