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Why Do People Buy Resale Flats In Gurgaon

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vineetkarhana

Though one can claim that property value should be depreciated over the period of time, but people purchase properties in resale for many reasons. Resale Property Market is well established in Gurgaon.


Some of The Reasons Are Mentioned Below :

Emotional attachment : After staying in a particular location for many years, one gets attached to the location, as they get used to it. Many near and dear ones knows and gives respect to individuals staying in that location. So when one plans to purchase property for investment or to upgrade as family grows over period of time they don't want to compromise the location and ends up buying a Resale Property in Gurgaon.

2. RTMI : “ Ready To Move in “ is the preference of buyers. Now a days thanks to social media, there is lots of transparency among buyers. They prefer to buy property ready and don't want to wait. Resale properties are ready so it is an added advantage.


3. As in past many people have burnt their hands dealing with fraud developers, they end up lossing hard earned money while dealing with them. Under construction projects gets delayed for many years and it test patience of innocent buyers.


4. Moreover there are many cost involved in under construction projects like development charges, parking charges, GST, society charges, etc which raises the cost of the property by more than 20 %.


5. Community Living : This is another main reason for resale transactions. People like to stay in communities, along with relatives, friends and people following same culture. So they don't want to leave the location. Many religious places, cultural activities, festivals, etc bond them together.


6. Dependence on some infrastructure like railways or highways near to house is also main reason, of the people preferring the location. Even office place near to house is preferred by many people. For this reason, people end up paying premium prices of Resale Apartments in such locations.

These are some of the reasons, people prefer to buy properties in resale. Please feel free to upvote and encourage me.

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vineetkarhana
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