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There is something special about the chaos in Chandni Chowk that you would not see in any other city in India. The area is redolent with perfumes and aroma of irresistible food wafting from tiny restaurants  celebrated by foodies. There are jostling crowds, rickshaws scampering by, music and the occasional cow in the middle of a narrow lane. Yet once you mingle into the atmosphere, the fun will begin. Within that anarchy, resides poetry. If you ask for Gali Qasim Jaan in Ballimaran, you will see the house where Mirza Ghalib penned some of the most beautiful ghazals. The museum showcases letters written by  Ghalib, last photograph of the poet, his life history, some of his couplets, books,  and some personal belongings, a statue of the poet in a realistic setting with a hookah in his hand.

The demand for both commercial and residential property has been increasing in Gurgaon as the real estate in India is recovering from the rage of recession. From the past few years, it has been progressing very rapidly, resulting in hike in prices. Gurgaon is the main outsourcing hub in India. The price of residential property in Gurgaon has increased by 30% approximately. The residential sector of Gurgaon real estate has been a bright option for all the individual investors. However to minimize the risk for the first time investors, following points are to be kept in mind:

Make sure that all finances are in order – It is a common mistake which generally people do when they invest in the properties for the very first time in Gurgaon-they do not realize that it is very important to have all the finances in order before looking for the properties. If one has purchased a commercial property before but not any residential property, then one will realize the difference in interest rates and the initial down payments that exist between the two. By having all the finances in line, one will be able to refine the budget which one is ready to invest.

One more important point to be noted by the investors is that the property rates in Gurgaon are rising rapidly. It is expected that in the near future, prices will rise by approximately 25%. One who wants to buy property in Gurgaon and wants to multiply the profits should not waste any more time and speed up the process of investment. The investments made at this time will definitely be profitable in the long run.

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Detailed research needs to be done – After selecting the type of property, one needs to make a detailed research before actually investing in the property. The research will vary depending upon the type of property one selects. The research may include looking for property values, to what extent they have changed or changing currently, which locations are more popular for purchasing a particular type of property etc. for example – in old Gurgaon or new Gurgaon. A good realtor can help the first time investors in finding what locations are most popular where major projects are about to begin. The realtors are experienced in their fields and they have an idea of the properties that are likely to rise in value. They can also give information on comparables, zoning and other data that will help the investor to make the right choice and maximize profits.

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