PSF full form in Real estate :-
per square foot,” or PSF
Per Square Feet (PSF)
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Category: <span>Gurgaon Property News & Real Estate Updates</span>
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BSP full form in real estate :-
Basic sale price (BSP) is the basic price of the property. This cost does not include other charges like EDC/IDC/IFMS/EEC/PLC/Club membership and car parking.
Frequently Asked Questions Real Estate :-
BSP
Basic sale price is the basic price of the property. This cost does not include other charges like EDC/IDC/IFMS/EEC/PLC/Club membership and car parking.
PSF
Per Square Feet.
BWSSB & KPTCL (WATER & ELECTRICITY CHARGES)
BWSSB stands for Bangalore Water Supply and Sewerage Board and KPTCL stands for Karnataka Power Transmission Corporation Limited.
Development Charges
Developers have to pay these charges to the government for civic amenities such as roads, water/electricity supply, sewerage and drainage. The development charges are fixed by the local authorities and are passed on to buyers in proportion to the built-up area of their properties.
PLC or Preferential Location Charge
Is the extra charge paid to a unit which has a better location within a particular layout or complex.
IFMS (Interest Free Maintenance Security)
One time charge levied by developer to maintain the society. This is a common pool of funds which works as a maintenance charge.
EEC and FFC
EEC is external electrification charge and FFC is fire fighting charge and these are levied for obvious reasons.
CAM
Common Area Maintenance which includes hallways, pathways and utilities. CAM fees is accumulated by the landlord from tenants to cover maintenance.
FAR or Floor Area Ratio
The maximum amount of construction allowed on a given plot of land. This is purely dependent on the plot area and would vary from one locality to another based on different factors.
Sale Deed
Sale Deed provides the buyer an absolute and undisputed ownership of the property.
Built Up Area:
Built-up area denotes to the entire area of the floor including carpet area, walls, lobbies/corridors, atrium areas and basement.
Carpet Area
The actual usable area within the walls of the unit is Carpet area.
Super Built Up Area
Super built-up area includes common amenities, such as the area of lift shafts, lobby, and corridor, proportionately divided among all flats. The common usable areas, such as a swimming pool, garden and clubhouse may also be included in it.
Why is Gurgaon popular?
Gurgaon is a vital element of the Greater Noida Metropolitan Area (NCR). Gurgaon’s rapid development has resulted in a higher standard of living and expanded opportunities.
When it comes to deciding where to reside in the NCR, the majority of individuals select Delhi. If you’re thinking about moving to Delhi, Gurgaon could be a good place to start. You might be curious as to why we repeat this sentence. Gurgaon is gradually becoming the most prosperous city in the country. Private and public sector organizations are rushing to capitalize on Gurgaon’s urban promise. Over the last decade, the city has received significant funding to modernize road infrastructure, develop residential districts, and establish exclusive commercial zones. By capitalizing on the country, Gurgaon has swiftly grown into a worldwide city.
Here’s figure out why Gurgoan is the best city in India:
Splendid Lifestyle
Millennials are flocking to Gurgaon as some of the country’s top corporations relocate there. As a result, luxury residential districts, retail malls, recreation zones, and business parks have sprouted up.The city is seeing a surge in demand for luxury automobiles and retail brands, which is fueling overall economic growth.In keeping with this tendency, today’s generation desires a comfortable existence. They may live a comfortable life at a little expense. In comparison to many other Indian metropolitan regions, the city provides a higher quality of living.
Excellent Infrastructure
Gurgaon is a cosmopolitan metropolis with a diverse network of roads, motorways, underpasses, and overpasses. Gurgaon is also home to India’s first sophisticated traffic management system, which provides improved traffic control and navigation during business hours. Gurgaon has become a real metropolis in the Indian Millennium as a result of these technological and infrastructure advancements.
Better Job Opportunities
Gurgaon is the country’s most important financial and commercial hub. As a result, the bulk of NCR inhabitants works for Gurgaon-based enterprises. Maruti Suzuki, General Electric, Coca-Cola, and Accenture are just a few of the well-known enterprises in Gurgaon.Delhi has job openings as well but is now at a halt. Gurgaon is an ideal relocation destination for job seekers and recent grads.
Best Nightlife
Gurgaon is teeming with well-paid young people and wealthy business families who have cultivated impeccable social attitudes. The city is home to some of the greatest nightclubs, fine dining establishments, and accommodations. Tasteful, energetic, popular, and upmarket, the group is a hit. With clubs like Soi7 and Factory by Sutrain Gurgaon have become the place to be. Aerocity isn’t just for five-star and business hotels; it has also piqued the interest of restaurateurs due to its excellent location and easy access.
Which is the most happening place in Gurgaon?
- Kingdom of Dreams.
- DLF Cyber Hub.
- Heritage Transport Museum.
- Ambience Mall.
- Iskate.
- Fun and Food Village.
- The Paintball Co.
- Wet n Wild Resort.
- Sector 29
- 32nd Milestone
- Worldmark
What is the upcoming global city in Gurgaon?
The project is envisioned as a city within a city and a new central business district for Gurugram.
The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has invited bids for the auction of three mixed-use plots in its Global City Project in Gurugram, which officials said has an investment potential of $15 billion.
The HSIIDC has also floated tenders for developing facilities such as civic amenities in Global City, which is to be spread over 1,000 acres with residential zones, industrial clusters and commercial sites.
Officials said construction work is likely to begin by August or after the monsoon retreats in September. The deadline for completion is 36 months from the start of construction.
What is the height of Raheja Revanta?
One of The Tallest Buildings of Gurugram
Standing tall at the soaring height of approx. 199 meters, Revanta proudly boasts its magnificent stature in the millennium city Gurugram.
HEIGHT195.8 m / 642 ft
FLOORS 61
Is Gurgaon good for real estate?
The demand for real estate has led to the city’s rapid development of townships. The prime areas are getting rapidly occupied, giving rise to the development of new residential areas. Home buyers considering where to invest in Gurgaon can think of buying homes in localities that are nearby schools, hospitals, malls, etc. They must also check whether civic amenities like water, road and safety, are in order or not.
As it is a corporate hub, there has been an exponential increase in the demand for flats and houses in the city. Honeywell, CiscDoo Systems Pvt. Ltd., and SDG Software are some of the top MNCs that run their business operations from Gurgaon. Due to its proximity to Delhi, Noida, and nearby developing areas, Gurgaon is also an industrial hub. Therefore, real estate investment in Gurgaon is the best choice for home buyers who are looking for lucrative job opportunities. The infrastructural development and expansion of civic amenities in localities like Golf Course Road and Dwarka Expressway symbolize the rising demand for residential properties in this city.
What is the future of new Gurgaon?
New Gurgaon has witnessed significant strides in infrastructural development in the past few years. Let us look at the key highlights of this area:
- New Gurgaon is strategically located between Delhi, Gurgaon and Manesar.
- The Dwarka Expressway connects to New Gurgaon. The expressway is expected to be operational by August 2022. Currently, it is under construction.
- This new area of Gurgaon is linked to Dwarka-Gurgaon Expressway, National Highway 8 and Kundli-Manesar-Palwal (KMP) Expressway. These expressways significantly reduced the travel time between these cities.
- Once Dwarka- Gurgaon Expressway and Delhi-Mumbai Expressway are operational, the travel time will be reduced to 120 minutes from 6 hours between Gurgaon and Jaipur.
- New Gurgaon is close to the proposed ISBT (Inter State Bus Terminal).
- The Haryana government plans to set up a new railway station in Sector-101 along the Dwarka expressway. The railway station will be built on 25 acres of land.
- The area is well connected with Pataudi road, a booming Gurgaon sector.
- In Gurgaon-Manesar Urban Complex 2025, it is proposed that New Gurgaon sectors will go up to Manesar.
- According to the development plan for the Gurgaon-Manesar Urban Complex-2025, specific sectors of New Gurgaon will eventually go to Manesar.
Why are property prices going up in Gurgaon?
The industry of real estate is among the most important sectors in the world. When the pace of immigration as well as other variables are taken into account, the causes for the property market surges can indeed be numerous. Individuals from India tend to migrate to urban centres, large cities, IT industries, and so on.
How could we overlook Gurgaon when discussing IT cities? This metropolis in the Delhi-NCR region accommodates immigrants & individuals with goals from all over the country. It is an economic and technological centre. This, in return, has a massive influence on the Gurgaon market for real estate. The issue is, why is Gurgaon at the top of the list of home prices?
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