Targeting smaller builders may give you more value for money than bigger real estate names. It is easier to dispose properties in the mid-segment due to lower ticket sizes.
With expansion in the mid-income population, there has been a rise in demand for midrange housing options across Delhi-NCR. This has led to a marked increase in the number of developers jumping into the fray with new launches, making the market competitive.
“Mid-segment housing is an excellent choice for investment for several reasons. Firstly, though it may seem that the new launches in this segment are fairly high, there is still a big demand-supply mismatch in the category. The size of the middle-income population is increasing at a faster pace across the country, and the city attracts a sizeable portion of middle-income earning segment keen on investing,” says Naveen Nandwani, executive director, Cushman and Wakefield.
There are several builders, though not classified as grade A, who have forayed into the luxury segment. In fact, several lesser-known developers in Gurgaonhave made this significant jump in offerings.
“No builder in Gurgaon today wants to be termed as low-budget or mid-segment developer,” says Sanjay Sharma, director of real estate brokerage firm Qubrex. “Buyers are being offered innovative design themes, international architecture and world-class facilities at prices lower than ultra-luxury projects. This has accelerated the demand for such projects to a great extent as the buyer can experience luxury which fits into his or her pocket.” More>> Property in Gurgaon