If you’re reading this, you most probably are an eager investor looking to buy property in NCR. And we have some useful information to familiarize you with the different types of properties for sale around here!
In recent years, developers have coined numerous terms for different styles of innovative living spaces launched by them. While a prospective buyer is spoilt for choice when it comes to the types of property he/she can invest in; this can get a little perplexing at times. This blog post talks about the various types of residential properties that are available for sale in Delhi NCR, so as to help you take an informed decision about your forthcoming investment. Read on, and gain a better understanding of the different types of property for sale in the National Capital Region:
Flats and Apartments: These are the most commonly available residential units in the National Capital Region. Most new properties in NCR offer a wide variety of high-rise and low-rise apartments which include 1 BHK, 2 BHK, 3 BHK, 4 BHK and 5 BHK units in different layouts and sizes. Both in terms of demand as well as supply, apartments and flats clock a higher percentage over other types of properties in NCR.
Plots: Plots refer to open areas of land that have been strategically plotted for the purpose of constructing independent residential spaces. Given that the owner is free to construct the residences as per their preferences, residential plots in Delhi NCR come at a higher basic sale price than flats and apartments. Another advantage of buying plots is that they serve as an excellent investment option with high ROIs.
Villas/Bungalows: While the scarcity of space makes the option of owning a villa or bungalow open to a chosen few, these constructions are often launched as a premium segment of an integrated township. Villas and bungalows in Delhi NCR are also available in the resale market, and these are priced higher than the new developments, owing to their central location in the city.
Independent floors: Also referred to as builder floors, these comprise of independent living spaces set up in a low to mid rise structure, wherein the buyer usually gets the ownership of an entire floor. Builder floor apartments are usually constructed by developers who operate on a smaller scale, and these developments are constructed on freehold residential plots.
Most of the new residential developments in Delhi NCR are coming up in areas around Noida, Greater Noida, Gurgaon and Ghaziabad