Friday 2 October 2015
Why invest in assured return project in Gurgaon?
Before briefing about "why to invest in assured return project in Gurgaon", let's understand few things first.
If you drive along Gurgaon (New Gurgaon and Dwarka expressway) in the National Capital Region, you will come across several advertisements by builders promising 12 per cent assured return on office space or retail shops. For people looking to invest in real estate, the return appears attractive.
In a dull market, many real estate developers are using pre-launch offers and assured return schemes and even lease guarantee after possession to attract the buyers. Estimates suggest three of every five real estate SMS crowding your handset are with such schemes.
Buyers are promised high discounts on the property through pre-launch offers, where bookings are announced for projects even when many approvals are still pending. In the case of the assured return, buyers are given a commitment of a fixed monthly assured income after the investment. In most of the assured return cases, commercial property is leased/rented out and buyers get regular income out of it, a broker or developer who had sent out such an SMS explains.
The assured returns scheme, where developers offer interest of 10-12 per cent, works in several ways. Take a commercial property in Gurgaon selling at Rs 8,500 a sq ft, with an assumed annual return of 10 per cent. If the total cost of a 1,000-sq-ft property is around Rs 85 lakh, the developer will at 12 per cent give a return of Rs 85000 monthly, paid through post-dated cheques till possession. Some developers also lease out the property with a lock-in period for you. Such schemes help developers reduce their financial cost, said an expert tracking the sector. Banks are still wary of lending to realtors and even if they do, the interest rate is 15-20 per cent and in the case of non-banking financial institutions, 20-26 per cent.
By offering their customers an assured return at 10-12 per cent, the finance cost is reduced for them, while giving quick cash flow. Some developers factor in the cost of interest rate and include it in the price of the project, which is then passed on to the buyers.
It is said that assured return property in gurgaon is a new age concept and works very well for those looking for a steady monthly income. This can be of great help to investors by securing them with a fixed and assured monthly income. Assured Return Property seems to be a favorite with senior citizens who need a monthly income to meet their expenses and also with middle aged investors who get regular income and yet create an asset which will grow in value.
Advantages of Assured Return Property or assured return project in Gurgaon?
· Provides investors with a fixed monthly income – most developers provide bank guarantee hence adding security to the transaction.
· Those investing in assured return property can take double advantage of their investments growing & at the same time get returns from day 1 from their assured return property.
· The rate of return works out much higher if you factor in the rental income along with growth in capital value of the assured return property.
Conclusion of Why to invest in assured return projects in Gurgaon:-
Why nowadays investors are more seeking for assured return projects in Gurgaon?
In various pre-launching or launched projects, investor’s money got stuck and sometimes the delayed projects make investors panic and also feel cheated.
Thus, nowadays investors are seeking for any newly launched or previously launched projects where they can get the return on their investment per month in the terms of assured return investments. It gives the good return of 10 to 12% per annum as well as makes you little relaxed although if the project gets delayed.
