The allure of building a distinctive abode from scratch, replete with indispensable features and personal touches has endured for multiple centuries. Ever since the dawn of civilisation, the human society has been reliant on customisable homes to cater to their day-to-day residential needs. With the continuous rise in population across the world over the course of time, the problem of land shortage has grown to be quite acute. Unsurprisingly, India is not an exception as most major cities are facing a space crunch to accommodate the constant influx of crowd, rushing in from both neighbouring and faraway areas. Yet, the demand for private residential plots continues to persist in the country, especially in modern, burgeoning metropolitan cities like Gurgaon.
According to a report by real estate portal Housing.com[1], the prices of residential plots across eight major cities in the country witnessed a hike of an average of 7% annually since 2015. As for plotted development projects in Gurgaon, the prices went by 15% during the three-year period between 2018 and 2021, according to the report. Evidently enough, Gurgaon has recently been on the radar of potential land buyers because of its thriving nature. Owing to the presence of various corporate organisations and notable social infrastructures, owning a plot in such a developing city is considered to be quite favourable. Additionally, investing in plots bears lower costs and substantial returns.
What are the benefits of residential plots in Gurgaon?
Before diving deeper into the topic, a simple question needs to be asked. What are residential plots? To state it clearly, any area of land including any building used primarily or intended to be used for accommodation purposes is a residential plot. Although initial assessments of cost of construction, property appreciation and financial assistance can prove to be a headache, plotted developments are ideal for buyers who wish to live life on their own terms. Offering a complete autonomy of choices, the plots are progressively growing in popularity due to the below-mentioned reasons:
- Great Flexibility: For people who dream of turning their ideas into reality, residential plots are the perfect solution. Owning a piece of land offers great flexibility as the future homeowners can design their houses according to their own taste and style. Moreover, individuals who are unsure about immediately settling down in Gurgaon seek to invest in plots more often than not.
- Lower Expenditure: Comparatively, purchasing a plot is much cheaper than buying a house of similar standard. With little to no maintenance costs and a meagre property tax associated with residential plots, owning a private patch of land proves to be quite lucrative for individuals who have a tight budget.
- Price Appreciation: The residential plots for sale in Gurgaon are recently on an upward trend as with each day, more and more people are expressing their interest in land as an asset. Due to the finite nature of the resource, the value of the plots increase with time with respect to relevant factors such as quality of land, neighbouring areas, connectivity to other parts of the city etc.
Holding the promise of an uncompromised future, the plots often boast amenities and facilities which help facilitate a much-coveted lifestyle. With high net-worth individuals (HNIs) and non-resident Indians (NRIs) keeping an eye out for premium spaces, global real estate giant Emaar is coming up with new investable residential plots in Gurgaon.
What sets Emaar apart from the rest?
Emaar is a multinational real estate development company located in the United Arab Emirates, which has been a front-runner in its sector for around 25 years. Synonymous with thoughtful architecture, excellent engineering and impeccable execution, Emaar has made its mark in India too with varying projects like residential neighbourhoods, plotted developments, and commercial properties. Apart from the National Capital Region (NCR), the company also undertakes projects in Mohali, Indore, and Jaipur. As for launch plots in Gurgaon, Emaar Marbella stands out as a shining example.
Emaar Marbella offers spacious plots where potential investors can construct a life of their own accord. Situated in Sector 65, the plotted development project aims to elevate the lifestyle of the residents within its well-established community. With plot areas ranging from 2400 sq. ft. to 5175 sq. ft., Emaar Marbella is an asset with a significant potential of appreciation. The project facilitates the owners to hand-craft every little detail of their future abodes, starting from the flooring of the living room to the tiling of the bathroom. If in-house construction is opted for, then the homes will boast features like a front garden with a patio, landscaped lawns, and exterior maintenance. On the other hand, the interiors of the homes will have imported marble/wooden flooring, premium ceramic tiling, granite countertops, and weather-proof paint on walls and ceilings. Moreover, residing inside the opulent community of Emaar Marbella comes with 24/7 perimeter security, burglar alarm system, smart card access, 100% power backup, and dedicated intercom linking the main gate to each and every residence.
Central Park, a recreational green area replete with leisure and sporting facilities, is the highlight of living in such a coveted community. Ranging from a childrens’ play area to an interactive seating zone to a badminton court to a cricket pitch to a meditation and yoga area to an outdoor fitness court, the park has it all. Furthermore, the multi-purpose clubhouse has amenities like a lounge area, a function hall, a multi-cuisine restaurant, a billiards room, a spa facility, a swimming pool, and a separate dance and aerobics studio for the residents to avail. Locationally, Emaar Marbella is situated close to the Golf Course Extension Road. The project is one of the most desirable addresses in the city as Indira Gandhi International Airport, Gurgaon Railway Station, ISBT Gurgaon, and a proposed rapid metro station are all well-within reach. Owning a residential plot in Emaar Marbella also proves to be beneficial due to its close proximity to Sanjivani Hospital, Shiksha Bharti Public School, DPG Institute of Technology & Management, M3M Cosmopolitan Mall, PVR Drive-in Theatre and YouWePlay Sports Complex.
Owing to a plethora of facilities and benefits, residential plots are slowly turning into a well sought-after commodities in Gurgaon. Since the city promises to be a major landmark in North India in the coming decades, more people are keen on acquiring land and establishing themselves in a world of luxury. Emaar, with its projects like Marbella, are truly paving the way for more plotted developments to flourish in the nearby future.
References:
- “Residential plots better investment than apartments, suggests report”, Mint: