An Ernst and Young employee, Jasneet Kaur is buying a 2BHK apartment in the National Capital Region (NCR). “It all started in 2012 when I started working with a reputed Gurgaon based firm. I always wanted to make my father proud by purchasing a home with my own money. So, I started saving early in life and after amassing some amount, I scouted for properties in NCR,” says Kaur.
Many young working professionals like Kaur are considering the NCR to purchase their first home. As per the data with Magicbricks, both Faridabad and Noida Extension offer over 100 new projects with the possession date slated for 2018. Gurgaon, the South-Western node of Delhi offers over 50 new projects with possession scheduled in the coming three years. Nationally acclaimed developers have their projects spread across Faridabad, Noida Extension and Gurgaon.
You can get information on the new residential projects on the ‘New Projects’ section of Magicbricks. Jasneet booked a 2BHK apartment of approximately 1260 sq ft in Noida Extension for Rs 30 lakh. Her apartment having the latest amenities, will be ready by the end of this year. “The decision of buying a home was my own. I invested Rs 8 lakh as down payment and took a home loan from a reputed bank to finance the remaining.”
It is important to mention that there are many additional costs while purchasing a home. Be aware of all these additional costs so you are prepared. To make your house buying experience smoother, find below a few factors to consider before making the plunge: plots and apartments. What is available?
In Noida Extension, a 2BHK apartment can be purchased in the price bracket of Rs 20-75 lakh with sizes varying from 1000-2000 sq ft. The cost of 3BHK apartments is in the range of Rs 25 lakh to Rs 1 crore with sizes varying from 1200-2200 sq ft. See here.
In Faridabad, a 2BHK apartment can be purchased in the price bracket of Rs 32-48 lakh with sizes varying from 800-1300 sq ft. The cost of 3BHK apartments is in the range of Rs 44 lakh to Rs 1 crore with sizes varying from 1500-2000 sq ft. See here.
In Gurgaon, a 2BHK apartment can be purchased in the price bracket of Rs 53 lakh to Rs 1crore and above with sizes varying from 1100-1500 sq ft. The cost of 3BHK apartments is in the range of Rs 1-3 crore with sizes varying from 1800-2800 sq ft.