Some Builders in Gurgaon May Lose Their License Thanks to MCG

The Gurgaon civic body may takeover colonies from those builders in Gurgaon who have incomplete civic projects in societies they constructed. On Tuesday a meeting was held between many of Gurgaon’s top builders and the Municipal Corporation of Gurgaon. During the meeting the MCG did not shy away from stating that it would be open to taking over the colonies that the builders had constructed. During the daylong meeting numerous aspects of how the MCG would take over the societies was discussed. Also attending the meeting were residents of several societies who had demanded that the MCG take over the civic functions in their societies as it would lead to the completion of unfinished projects in their societies. The MCG had threatened the builders with the cancellation of their licenses yesterday during the course of the meeting.

What to Expect in the Future

A takeover of the societies that are under the management of builders could happen in as short a time as two to six months, while the outer deadline for such a takeover by the MCG is next year. However no concrete roadmap outlining the takeover timeframe was presented at yesterday’s meeting. According to the Municipal Commissioner, the takeover would depend on whether the developer agrees to finish the deficient work in the societies and whether the builder is willing to pay the MCG to complete the work. If a builder is unwilling to agree to both of these conditions then the builder’s license could be revoked by the MCG.   

A Role for a Fact Finding Committee

As a first step, all private colonies that the MCG is considering to take over will be visited by a three member fact finding committee. The three members that make up the committee are private consultants. By the middle of next month, the members of the fact finding committee will submit their estimate of deficiencies in the concerned societies. The committee members will also provide the MCG with the estimated price which will be needed to maintain the societies over the next five years. A few of the societies the MCG is considering to take over house some of the better luxury apartments in Gurgaon.  

Finishing the Job

After the committee has finished the task and provided the MCG with the cost likely to be incurred in completing the deficient work, the MCG will provide a time period of six months within which builders must complete the work. Builders may choose to let the MCG complete the work and pay the MCG according to do so.

Conclusion

Builders who choose to not complete the civic work themselves and not to pay the MCG to complete the civic work shall have their licenses cancelled by the MCG. After the builder’s license is cancelled the care of the society will be automatically transferred to the MCG. Residents living in some Affordable homes in Gurgaon however staged a walk out at Tuesday’s meeting as they believed that the MCG was being inconsiderate with respect to their unique circumstances.

5 Features to check when buying a luxury apartment in Gurgaon

Demand for luxury homes in India is growing slowly. People are gradually moving from the independent housing concept and now look for luxury apartments, villas, and penthouses in group housing projects. As there is a gradual shift towards the luxury housing, some people are still unaware of the important factors they need to check when buying a home. They just look at the brand name and the exterior beauty while booking a home in Gurgaon, but in reality, there are a number of other factors one must check when buying a luxury home.

Here are five important features you should check when looking for Luxury villa in Gurgaon. Extra attention to these factors will help you get the best home of your dreams.

Technology

Every real estate developer tries to set a benchmark when launching a luxury residential project. One of the widely used techniques for this is to make the complex technologically advanced. From automation to high-tech security measures, smart lighting, energy efficiency and smart toilets, there are many features you can look for.

Location

A home next to slums cannot be called a luxury apartment. So, when looking for a lavish project to invest in realestate in Gurgaon, be careful about the location of the project. The home should be a situation in a posh colony with world-class facilities like shopping malls, hospitals, schools etc.

Trendsetter

It’s not just the design of the home, but everything from the kitchen to flooring, gym, clubhouse, pools and landscapes, everything in a luxury housing project should be a trendsetter. Ultimately, you are paying the extra price for unique features which affordable homes don’t have.

Entertainment zones

Modern home buyers look for abodes with private entertainment zones, where they can enjoy quality time with the complete family. Home theater and personal gaming zone are the advanced features you can ask for when buying a sumptuous penthouse, duplex or apartment.

Extensive personal space

Bedrooms in every home have a great value as we spend the best time of our day here. A master bedroom in the luxury home should have ample size to accommodate a king-size bed and other things. Some Gurgaon builder are offering dreamlike bedrooms which are not just extensive in size but also have high-tech features like automation system, walk-in closet, and ceiling to floor mirrors.

These are just a few features which can convert a simple apartment into a luxury abode. So when you wish to give your lifestyle uplift, buy a luxury home in Gurgaon.

Why should you invest in gated communities in Gurgaon?

In recent past many reputed builders like DLF and Vatika have launched townships and gated communities in Gurgaon. This is not because the builders have got ample land to develop large townships but because there is demand for the same from homebuyers. However, there is a segment of homebuyers which is unaware of the benefits of living in a gated community.

When looking for residential property in Gurgaon, these investors and homebuyers still end up looking for just apartments or independent houses with limited features. If you are planning to buy a home in Gurgaon and confused where to park your money to get maximum value, here are some benefits of living in a gated community.

Before moving on to the benefits of living in a gated community, let’s first understand the concept of these residential projects.

What are gated communities?

A gated community is a completely secured residential complex with all the basic amenities. One of the best features of this places is advanced security by high-tech measures like boom barriers, card entry, CCTV cameras etc. These communities are segregated from rest of the neighborhood through large walls, which is the reason these are sometimes called private enclaves.

Here are reasons you should invest in gated communities in Gurgaon:

Advanced security: The primary reason behind increased interest of people in these housing complexes is advanced security. In this time where crime rate is increasing rapidly, people look for a safe abode where they can leave their family. So, if you want a safe abode and wish to buy property in Gurgaon, invest money in a gated community.

Sense of togetherness: Gated communities generally have all the features like clubhouse, gym, spa, banquet hall, sports areas, sitting area for senior citizens and swimming pool. It gives residents an opportunity to come together and make new friends, which creates a sense of togetherness.

High saleable value: Apartments in gated communities are designed on specific layouts, which give a unique look to complete housing complex. Further, builders pay special attention to the maintenance of these projects, which helps homebuyers get high value when they resale their luxury flats in Gurgaon.

Though everything has its own pros and cons, when it comes to gated communities, it has more advantages than disadvantages. So, it is a good idea to park your money in Gurgaon. There are many builders who have launched projects in this category. With a little search online, you can easily find the right project to enjoy a safe, enjoyable and comfortable life.

Why is Gurgaon turning from green jungles to concrete jungles?

Gurgaon or now converted to Gurugram is one of the oldest cities. The city had a long journey of converting from green jungles with wild animals to concrete jungles with some of the best MNCs and top residential projects. The process of evolving from a jungle to a well-developed city of this ancient city is interesting to the core. But have you ever thought about the reasons behind this drastic change and quick development?

The city is so old that people even tell stories of epic “Mahabharata” here. Some say that Dronacharya was from Gurgaon and this is one of the reasons it is also called ‘Gurugram’. There was a time when city’s condition was far from a place worth living. But the situation started to change after the establishment of automobile company Maruti Suzuki’s plant in Manesar. Realestate in Gurgaon started to change after this and gradually it became one of the largest IT hubs not just in India but in the world.

But the just entry of Maruti Suzuki is not the only reason behind the development of Gurgaon from a jungle with ‘blue cows’ to one of the best places to own a home in India. Here are some more factors that played a vital role in city’s growth and helped it become the ‘Millennium City’.

Shortage of space in Delhi: When builders and budding organizations stopped finding suitable and affordable land in the national capital Delhi, they shifted their attention to the less explored area Gurgaon. To accommodate the huge population in Delhi, residential property in Gurgaon was developed. Proximity to Delhi was one of the reasons people find it a suitable location to live.

Entry of MNCs: Almost every leading IT company today has its office in Gurgaon, which helped in the growth of city’s real estate market. Multinational companies like Wipro, GE, IBP, Genpact etc. started coming to the city. Today Gurgaon has one of the largest “cyber hubs” in India working as a jewel for the city.

Infrastructural development: Infrastructural development of Gurgaon was way faster and better than other cities sharing a border with Delhi. This also contributed to city’s growth as people always like to live at a place with smooth connectivity and social infrastructure like educational institutions, hospitals, markets etc. The government proposed wide roads to ensure smooth connectivity to Delhi and to reduce traffic on roads.

World-class projects: Leading builders launched some of the best residential projects with state-of-the-art amenities. Today luxury flats in Gurgaon can give competition to many international housing projects just because of amazing design and advanced features. Ireo is one of the developers that launched a technically advanced home where everything from opening doors to dimming light and setting curtains, everything happens on a touch of a button.

These are some of the reasons behind the exceptional development of Gurgaon. Today the city has become one of the most sought after locations in India to live, work and study. People from all across the world come here to invest money in real estate and work.