Who Is Buying Ultra Luxury Apartments In Gurgaon In Pre Launch | Decoding Godrej Aristocrat Launch

9899888019 is your number for all real estate related queries in Gurgaon. Subscribe to Realty Reviews and follow us on Social Media. Godrej Properties launched their new project Aristocrat in Sector 49, Golf Course Extension Road last weekend. The EOI generation day saw people lining up at 5 am to submit their applications. In this video we decide who are the main types of people who are buying such expensive apartments in Gurgaon without knowing the price, layout, payment plan or inventory. 1. Seasoned Investors • Deep pocket buyers who buy multiple units across projects • They have loan eligibility and/or holding capacity in case units not liquidated • They make decent ROI of 2%-5% per month in bull run of market • Gurgaon investor base all across North India, Mumbai Metropolitan Region and Bangalore 2. NRI Buyers *Green Card / Citizenship issues • Diminishing returns in assets abroad *Condominiums offer lifestyle NRIs are used to *Sentimental value of buying home for family and self use *Work from home / hybrid work models *India among fastest growing major economies gives lot of confidence to NRIs *Uncertain global economic scenario *War in Europe and Middle East 3. End Users From Delhi • Work from home discontinued after COVID so people forced to travel for 2-3 hours daily from Delhi • Majority buyers of 3 cr + segment in Gurgaon are end users from Delhi • Many of these buyers selling old properties in Delhi and buying new apartments in Gurgaon • Delhi property prices already appreciated which allows higher purchasing power for buyers 4. Gurgaon Residents • Many people looking to upgrade their lifestyle selling old loan free houses to buy new luxury apartments • Corporate employees in high paying jobs with big loan eligibility also buying • local residents who made handsome returns on investments also buying regularly 5. Real Estate Consultants • Many consultants are also short term investors/speculators • Deep pocket/affluent consultants buy significant number of units in new launches • These consultants have a network of brokers who help them in resale of their inventories