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7 Facts About Living in Sohna!

Located south of Gurgaon, Sohna is one of the most upcoming towns in the NCR region today. With Gurgaon, Manesar, and Delhi getting saturated, industry focus has now shifted to Sohna.

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  • Sohna is well connected to Gurgaon through the Sohna Road which in turn is in close proximity to the Golf Course Extension Road.
  • The nearest metro station being Huda City Center metro station, there are state-owned buses which help people commute till there.
  • In the last one year, this region has seen an appreciation of 8% in capital values.
  • Rentals have seen an appreciation of 33% in this area in the last 3 years.
  • There is a wide range of residential offerings in the area from villas to apartments, all in the affordable to the luxury range.
  • Compared to nearby Gurgaon, the prices in these areas are much more affordable making it a smarter option.
  • Since there are many developments coming up in the area, there are many shopping malls, apartment in Gurgaon, residential plots in Gurgaon, 5-star hotels and other recreational options coming up as well.
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Ready to Move In VS under Construction Property: Which One Suits You Best?

Planning to buy a property in Gurgaon or elsewhere, but still confused as to which one should you opt for, a ready to move in or an under construction property. Well, both have to offer their own set of benefits.

Below, are a few pointers which highlight the benefits of both. They might be helpful for you in making the best choice.

•    Tax Implications

A ready to move in property saves you the service tax that needs to be paid in the case of an under construction property. This creates a difference of a few lakhs when it comes to the final cost of the apartment.

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•    House Rentals

In case of an under construction property, there might be a probability where in you need to pay the home loan EMIs as well as, if you are living in a rented accommodation, together.
But in case of a ready to move in property, you can actually move in and save on rentals and just pay the EMIs or rent it out and earn rentals to pay your EMIs with immediate effect.

•    Home Loans and Payment Plan

An under construction property gives you the liberty to pay a certain booking amount, usually 10% of the entire property value, and for the remaining amount buy time as per the payment plan chosen.
In case of a ready to move in property, since the property is ready to use, the buying time to make the payments is far less.

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•    Price Benefits

Usually, the normal trend that has been observed is that when the property is launched, the prices of the apartment in Gurgaon are always lower and keep increasing as and when the construction of the property nears completion. Therefore, if you have invested in an under construction property, by the time it is completed, you will see a price rise. Therefore, if you plan to liquidate it, you can earn huge profits.

The above are a few pointers you must consider while deciding on the kind of property you would like to invest in and choose the one that best suits you.

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