Buying Flat in Gurgaon, worth it?
Currently I'm working in Gurgaon, i don't know whether I will settle there or not. Seeing property prices are going up and up, so would it be a good decision to buy flat even for investment purposes? Given that all my savings will be gone plus I also need to take a loan, to do so.
Or any other opinions are welcome in the chat.
Just for context mai gurgaon mai abhi jan mai he aaya hu to mai bht jgh glt ho skta hu. Agr aapke paas gaadi hai to maybe extension mai lena sahi rhega, main city mai to rate bht tez hai bhai. Maine ek se pucha 60 gaj ka 3 crore maang rha tha 😆😆 . Pr Mai zameen ki rate puchta hu wo thoda mehenga padta hai
Look, you'll find plenty of experts and enthusiasts here ready to debate whether or not you should buy a flat.
But honestly, if you have the capital and can manage the hassle of a home loan, I say go for it. I faced a similar situation in 2023, and I decided to buy a flat at that time. Now, its value has doubled, and since I'm working from home, I've rented it out for now.
Ultimately, you'll need a place to live with your family, and when that time comes, you might not be able to find the same flat at your pocket friendly price.
Thanks, I'm also thinking the same.
I lived there 6 months and regretted every second. Worst planned city, they left minimal trees, left all dust of mars, didn't forget to add alcohol and malls in each street.
Ugh boring and shitty place with high AQI and low IQ people
You are right !! Have lived in Mumbai and Hyderabad. I found both of them having a “soul” at least!
If you're not from Gurugram, I wouldn't recommend buying a flat. Instead, if you have the financial means and want to invest in real estate, opting for a house or a plot could be a better choice, as flats often come with long-term maintenance costs.
For those considering a flat through a loan—let’s say a 15-year mortgage—the bank technically owns the property until the loan is fully repaid. By the time you become the full owner, the flat may require significant maintenance, adding to your expenses and the flat condition will also be very bad by that time.
A more practical approach could be staying in a PG or a rented place, which can help you save money and invest in appreciating assets instead.
Too inflated but will go higher only :(
Buy a flat/house in Gurgaon if and only if you would rather deal with an EMI than a Landlord. The prices are frankly insane, the investment opportunity has passed, much rather buy in Manesar or Noida if open to commute. INR 100k for 1 sq yard to start with in any decent location in old Gurgaon. Much higher in New Gurgaon. Then if you buy in new Gurgaon, you'll feel the hurt every Monsoon season as you see your society get waterlogged after paying 5 Cr.
