Property Buying Guide Gurgaon

Home / Buying Guide

Complete Guide to Buying Property in Gurgaon

Buying a property in Gurgaon is a significant investment. Whether you're looking for a luxury apartment in DLF City, a villa in Golf Course Road, or a flat in Sohna Road, this comprehensive guide will help you make an informed decision.

1. Pre-Buying Checklist for Gurgaon Properties

Financial Planning

  • Budget Assessment: Calculate total budget including registration, stamp duty (7-8% in Haryana), and GST
  • Down Payment: Arrange 20-30% of property value as down payment
  • EMI Calculation: Ensure EMI doesn't exceed 40% of monthly income
  • Hidden Costs: Factor in maintenance, club charges, and IFMS charges

Property Requirements

  • Location Preference: DLF City, Golf Course Road, Sohna Road, New Gurgaon, MG Road
  • Property Type: Apartment, Independent Floor, Villa, Penthouse
  • Size & Configuration: 2 BHK, 3 BHK, 4 BHK - based on family size
  • Amenities: Parking, power backup, security, clubhouse, swimming pool

Location Analysis

  • Connectivity: Proximity to Metro, NH-8, Golf Course Ext Road, Sohna Road
  • Social Infrastructure: Schools (DPS, Euro School), hospitals (Artemis, Medanta), malls
  • Office Proximity: Distance from Cyber City, Udyog Vihar, DLF Cyber Hub
  • Future Development: Check upcoming infrastructure projects

2. Essential Documents to Verify

Title Documents

  • Sale Deed / Conveyance Deed
  • Mother Deed (original ownership document)
  • Chain of Title Deeds (last 30 years)
  • Encumbrance Certificate (EC)

Approvals & NOCs (Gurgaon Specific)

  • Building Approval from DTCP Haryana
  • Occupancy Certificate (OC) from HSVP/DTCP
  • Fire NOC from Fire Department
  • Environmental Clearance (if applicable)
  • HUDA/DTCP License
  • Approved Building Plans

RERA Documents

  • RERA Registration Certificate
  • RERA Approved Layout Plans
  • Quarterly Progress Reports
  • Project Completion Timeline

Tax & Financial Documents

  • Property Tax Receipts (Gurgaon MCG)
  • Electricity & Water Bills
  • Society Maintenance Bills
  • No Dues Certificate from Society

3. RERA Verification for Gurgaon Properties

All projects in Gurgaon must be registered with Haryana RERA (HRERA). Here's how to verify:

Step-by-Step RERA Verification

  1. Visit haryanarera.gov.in
  2. Click on "Registered Projects"
  3. Search by project name or RERA number
  4. Verify registration validity and completion date
  5. Download and review approved plans
  6. Check quarterly progress reports
?? Warning: Never book a property without RERA registration in Gurgaon. Unregistered projects can face legal issues and possession delays.

4. Home Loan Process in Gurgaon

Banks Offering Home Loans in Gurgaon

  • HDFC Bank, ICICI Bank, SBI, Axis Bank, PNB Housing
  • Interest Rates: 8.5% - 9.5% (as of 2024)
  • Loan Tenure: Up to 30 years
  • LTV Ratio: 75-90% of property value

Documents Required

  • Identity Proof: Aadhaar, PAN Card, Passport
  • Address Proof: Aadhaar, Utility Bills, Rent Agreement
  • Income Proof: Salary slips (6 months), ITR (2 years), Bank Statements
  • Property Documents: Sale Agreement, Approved Plans, RERA Certificate

Loan Approval Process

Step 1: Pre-approval - Check eligibility online (2-3 days)
Step 2: Property evaluation by bank (5-7 days)
Step 3: Legal and technical verification (7-10 days)
Step 4: Loan sanction letter issued (2-3 days)
Step 5: Loan disbursement after registration

5. Best Localities to Buy Property in Gurgaon

DLF City Phase 1-5

Premium luxury living, established infrastructure

Price: Rs 12,000 - 20,000/sq.ft

Golf Course Road

Ultra-luxury segment, high-rises, penthouses

Price: Rs 15,000 - 30,000/sq.ft

Sohna Road

Emerging location, affordable options

Price: Rs 5,000 - 9,000/sq.ft

Sector 81-89

New Gurgaon, good connectivity, metro

Price: Rs 6,000 - 10,000/sq.ft

MG Road

Central location, metro connectivity

Price: Rs 10,000 - 16,000/sq.ft

Dwarka Expressway

Upcoming area, high growth potential

Price: Rs 5,500 - 9,500/sq.ft

8. Common Mistakes to Avoid When Buying in Gurgaon

  • ? Skipping RERA verification - Always verify HRERA registration
  • ? Not checking encumbrance certificate - Essential for clear title
  • ? Ignoring occupancy certificate - Never take possession without OC
  • ? Verbal agreements with builder - Get everything in writing
  • ? Not visiting the site multiple times - Visit at different times of day
  • ? Overlooking hidden costs - Budget for stamp duty, registration, GST
  • ? Buying based on super built-up area - Focus on carpet area as per RERA
  • ? Not checking society maintenance - High maintenance can strain finances
  • ? Ignoring water and power supply - Check availability and sources
  • ? Rushing the decision - Take time, do thorough research

Ready to Buy Your Dream Property in Gurgaon?

Get expert guidance from AvantiHomez. We assist with RERA-verified properties, documentation, home loans, and legal clearances.