GURGAON REAL ESTATE: NOW TIME TO INVEST IN REAL ESTATE

Buying property as an investment has always been part of culture in India. And with the city which has earned a distinct reputation as the land of opportunities it will always be good investment plan for anyone at anytime. Working with the best names in construction business like (DLF, Unitech, Ansal, JMD) real estate in Gurgaon has always been growing and on swing that makes it a good idea to invest.Property rates in the area have soared upto 30%to 40 % in last 4 to 5 years.

City is not only providing the promising looks with modern and new generation sky scrapers, but also some of  the best residential facilities such as 24x7 security, water supply, and power back up. These residential complexes are preferred by IT and MNC professionals looking for comfortable life style with add on facilities like gym, pool, convenience store, park and the like The public opinion says that it is a good time to invest in Gurgaon real estate because of the following reasons:

1. People are getting huge choices in terms of villa, penthouses, as well as low and high rise apartment buildings, and all this within the boundary of a secured society.

2. The poor connectivity of the city with the adjoining areas is no more a problem with the metro efficient transport system. According to the 2021 master plan developed by HUDA, metro is going further to Sohna Road which will further increase the property price in the city.

3. Gurgaon has a number of IT and MNC professionals with high paying capacity. Due to which residential and commercial properties in Gurgaon fetch high rent.

4. The city is close to both international and national airport, the fact which enhances its chances of exposure to the world.

5. Home Insurance companies like National Insurance, Oriental Insurance, Max New York Life Insurance and Bajaj Allianz General Insurance made it much easier for the buyer to go for his dream residential destination in Gurgaon without much of hesitation.

A large number of real estate developers and investors are focusing on constructing modern yet stylish residential as well as commercial property in Gurgaon to cater the need .As per the various industry analysts rates of properties in Gurgaon will raise in the future and it is the right time to invest in real estate. But one must do sound research before investing in Gurgaon properties with the help of professional property dealer. Gurgaon can rightly said to be the symbol of India’s socio economic growth and the city is source of motivation for other areas.

Property Prices in Gurgaon

Since last 30 years, the real estate Gurgaon has been on a sky scraping limit.Property in Gurgaon was enjoying its monopoly as an industry with huge inventory increasing demand and subsequently increasing prices.But this monopoly has now been shattered to fragments as statistics reports huge decline in the sale of commercial property in gurgaon. The tycoons of real estate Gurgaon, DLF, Unitech, Emaar MGF, who were on a sky scrapping limit once upon a time, are now complaining sales decline and inventory pile on.

DLF, the top most player in real estate Gurgaon, has reported 20% decline in the sale of residential property in the 4th quarter this financial year where else, Unitech, the second largest player in real estate Gurgaon, has reported a decline of 45%. These sluggish sales reports are startling facts to know about and to have actually occurred.

These sluggish sales reports and inventory pile ups in the last quarter has shattered the dreams of new entrants into real estate Gurgaon. Reports say that around 12% new residential property in Gurgaon remained unsold and the reasons pointed out to the steeply increasing prices of property in Gurgaon. The skyscraping prices of property in Gurgaon attributes to unwanted slowdown in this industry.

Mr. Amit Kapoor, Professor Management development Institute said that the prices of real estate Gurgaon has increased 1000 times in the last 30 years and “what’s the rationale behind it?” We agree to it that a 1000 times increase in prices in a particular industry commands some rationale. He also suggested that the Government should come forward and release some more land in order to combat the demand. Once the supply increases the demand would be met to some extent with surplus supply and this would enable the prices to fly at a normal pitch.

Even the public sector banks have stopped releasing loans to the real estate industry and the reasons are said to be heavy debts on the books of accounts of the owners of property in Gurgaon. Ramesh Subramanium, president, Sri City Developers commented that their exists lack of transparency or may be not enough real estate Gurgaon are listed and this could be a reason behind the private banks denying loans to the real estate Gurgaon.

We would suggest a complete revamp of the pricing strategy of the real estate Gurgaon which would enable private equity and bank funding as well to the owners of property in Gurgaon. Real Estate Gurgaon has become the most risky industry to invest in and the property owners are advised to either bring down property prices or to introduce cheaper and affordable projects into the market.

Commercial Real Estate - Key Tips for Prospecting Listings

Prospecting is the initial stage of every business and commercial real estate prospecting is a crucial part of real estate business. It involves a lot of cold calling. Maximum number of times, the sales executives and the callers tend to lose hope and give up too soon. They either do not make it a habit or tend to make calls randomly, which do not yield expected results. It often takes few hours or days or may even take weeks, but to halt is not a solution. It should be an ongoing process.

Although Property in Delhi NCR and Gurgaon has huge demand, Commercial property in Gurgaon is not an easy product to sell. Prospecting listings for property in Gurgaon is a very sensitive business and has to be handled very cautiously.

People tend to forfeit at the calling stage and this contributes as one of the reasons to unsuccessful prospecting of listing of commercial property in Gurgaon.

Few of the reasons that contribute to executives avoiding or abandoning the prospecting process are as follows:

1. They are not trained properly.

2. They do not use systematic process to track the right kind of clients.

3. They themselves do not have sufficient idea about the Property in Gurgaon and commercial property in Delhi NCR.

4. They do not drive the streets and check out the Commercial Property in Gurgaon and Delhi NCR.

5.They struggle with rejection during calls.

6.They do not make ample number of calls per day.

7. They do not rehearse the calling or meeting process for the commercial property.

8.They are not motivated timely to boost their confidence and forget the rejection.

9. They often lack a proper database where calls can be tracked and follow ups can be made diligently.

Random prospecting leads to random calls and it leads to random results. The key step to prospecting listings is to diligently follow a series of systematic array of guidelines, develop and use a strong database and make get habituated to diligent follow ups.

Commercial property in Gurgaon has recently picked up as a business and selling property in Delhi NCR or property in Gurgaon is not a cake walk. As the foundation has to be strong enough to support any building; similarly cold calling has to be effective enough generate appointment and make follow ups and to reach out to maturity of deals.