Sushant Lok vs South City: Which Is Right for You?
When you decide to purchase a high-end property in Gurgaon, you will have to make a very big choice. For example, if you find two great properties with large bedrooms, contemporary interior designs, individual parking spaces, and top-of-the-line finishes; however, the neighborhood and general quality of life would likely be very different.
Sushant Lok and South City are both well established residential areas of Gurgaon. Homebuyers who want to live independently, have easy access to daily necessities and be in close proximity to other communities, will find both places attractive. But making a choice between the two requires much more than simply reviewing photos or checking prices.
How well your home will work for you based upon the amount of time that it takes to travel to/from work each day, what your family needs are, what type of floor plan/layout you want for your house, how much money you can spend on a house, and what you plan to do with the house in the long-run. To help you decide between Sushant Lok and South City, we have outlined below how these two areas compare.
Understanding Sushant Lok and South City
Sushant Lok consists of many phases. Sushant Lok Phase 1 is a large residential community located near both Golf Course Road and MG Road. South City has been divided into different phases; South City 1 serves one part of Gurgaon while South City 2 serves another.
In other words, these differences are important because they affect whether a home is accessible by car, has access to local amenities, experiences traffic problems, and what kind of neighborhood it is located in.
Sushant Lok might be an option for those looking to invest in well-established residential areas that offer easy access to commercial districts, shopping centers, and significant employment centers.
The South City area could be a good choice for families who want to live in a neighborhood with easy access to schools, markets, medical care, and other daily necessities, as long as they select the right section and block.
Both locations are not always superior. Your choice of which area to live in will be based upon the exact location and physical state of each property.
Location, Connectivity and Daily Convenience
The location will continue to affect what you do each day even after the excitement of buying your first house has worn off.
Prior to making a decision on whether to purchase a home in Sushant Lok or South City, you should verify the approximate driving distance from each location to your job site, the nearest metro station, the schools, the hospitals, the grocery stores, and any other places you visit regularly.
Sushant Lok Phase 1 provides direct access to MG Road with all its shopping, business, and transportation options. Some of the areas within Sushant Lok Phase 1 can be very convenient for those who work at or near MG Road, Cyber City, and other close-by commercial centers.
South City buyers should compare the connectivity of their particular phase and sector. Access to Sohna Road, NH-48, HUDA City Centre (now called Millennium City Centre) and other major routes depend upon the location of the property and the traffic conditions at that point in time.
In addition to using map measurements, visit at peak business hours so that you can better evaluate how long it takes you to travel to key locations, find a place to park, and experience traffic congestion.
Property Options, Layout and Living Space
The property itself can make a bigger difference than the locality name.
Both Sushant Lok and South City have various types of residential options such as single family homes (independent) and builder floor units. Each property has different levels of availability, size of land, design of building and quality of materials used for building.
When you are looking at different houses, consider the total usable floor space (carpet area), how big the individual rooms are, the arrangement of your kitchen, how much outdoor space you have with balconies, how much storage space is available to you, if there is direct access to stairs from any part of the house, and how much natural light comes into every room.
A large home is not automatically more pleasant to live in than a small one, particularly if there are many unneeded areas that take up valuable room, and the design restricts the flow of air. Similarly, high-end interior finishes can hide substandard construction practices and/or inadequate water-proofing.
If you value having your own space, floor-by-floor privacy and functional layout in your home then considering builder floors in Gurgaon will allow you to see what is on offer in many of the various residential areas.
Ask if there is an independent entry to the floor, if there is a parking spot for the floor, if there is adequate utility area, and if there are written documentation of ownership of the floor. You should check the validity of each detail instead of just taking their word.
Price Comparison and Overall Budget
The price of properties in each area can be quite different depending upon where they are located, the size of the lot, how many floors high the building is, how old the property is, what types of furniture are included, if there is a place to park, and what type of materials were used when building it.
The price of a property that is considered “premium” can vary greatly from region to region. However, just because a property costs more in one area doesn’t mean it’s necessarily a better value.
When comparing properties that have similar land area, total square footage, number of bedrooms, quality of materials used in building and the property’s legality; it is best to use actual sale prices of comparable properties when they are known, rather than solely relying on what sellers ask for their property.
Also find out what the total cost of buying the property is. The costs for registration and stamp duties, commissions paid to agents, furnishing the property with interior decor, fixing damage (repair) and any additional fees related to purchasing the property will greatly impact how much money you must raise.
When comparing properties, you need to look at what it will cost to buy the home, as well as how much it would cost to make the home meet your family’s needs.
Construction Quality and Property Maintenance
First impressions are created by luxury finishes, however these cannot substitute for an actual home inspection.
Examine walls for cracks, water seepage, waterproofing of bathrooms, floor joint condition, electrical fixtures and fittings, plumbing system, how doors are hung, and overall quality of windows. Where feasible, view the property after a rainfall event, or inquire regarding any previous water leaks.
Check the water supply, drainage, back-up power arrangements, ventilation and general state of repair of the common area. For independent floor properties, establish which party will be responsible for the maintenance of the shared staircases, exterior walls, lifts and other common facilities.
Assess each property within South City and Sushant Lok based on its individual characteristics (i.e., age, construction standard) rather than assuming that all homes in a specific area will be built to the same standards.
An experienced independent civil engineer, or a professional with experience inspecting properties may be hired for larger purchases.
Legal Documents, Approvals and Ownership
Property documentation deserves as much attention as the location and interiors.
Have a certified property attorney examine the chain of ownership, title deeds, approved building permits and sanctioned plans, as well as any relevant encumbrances or limitations prior to committing to the payment of a significant booking fee.
Determine if the actual construction has been completed according to the approved plans, and if the property will be used as intended, and if the transfer of the property is consistent with relevant laws.
In addition to verifying that the seller has the rights to sell, determine if there are any unpaid bills associated with the property as well as whether there is a current mortgage on it. Also, check to see if there is any pending litigation against the property. If applicable, verify the status of documentation relating to completion/occupancy and all other approvals necessary for this particular property.
Do not infer compliance of a property with law based on the fact that the property is located in an established community or that there has been long-term occupation of the property.
The required documentation will vary based upon how the property is owned and what kind of property it is. Independent verification by an attorney may be useful in identifying potential issues prior to proceeding with the sale/purchase.
Lifestyle, Privacy and Security
Your preferred lifestyle should influence the final choice.
Consider street activity, noise levels, visitor parking, road width, lighting, neighborhood maintenance, and the level of privacy that is available in the property. Families with children will typically consider schools in close proximity to their home and safe routes for daily activities; whereas working professionals will usually prioritize the amount of time it takes to commute to work and having access to services.
Visit each location on multiple occasions. For example, a street that seems empty in the afternoon can be very active in the evening.
Ask about the security measures in place (including CCTV if possible), access control systems and how common areas will be maintained. Confirm that the listed amenities are indeed provided, as opposed to assuming all the amenities advertised exist at the site.
Resale Value and Long-Term Investment Potential
A luxury property must be able to satisfy your current requirements as well as be functional for prospective purchasers in the future.
The location of a property, how well it is connected to transportation, its size/shape/layout, the quality of materials used to build the home, whether or not there are parking spaces available, if all legal documents have been properly completed, the condition of the home (maintenance) and the amount of other similar properties currently for sale in the same area can affect the level of interest shown by potential buyers.
While established residential neighborhoods are often attractive to potential home buyers due to their proximity to employment opportunities and other daily amenities, they do not necessarily lead to appreciation of property values nor will they result in rapid resale.
Compare the listing prices of comparable properties, examine the historical sale data from other sales of similar properties, and estimate the expected cost of future repairs on your potential property. Before you determine what kind of return on investment (ROI) you can expect to receive from your purchase if you intend to rent out the property, find out what is considered “reasonable” for local rents, vacancy rates, and annual operating costs.
Choose a real estate investment property based on how the fundamental characteristics of the property align with your goals and objective criteria for making an informed decision, rather than based upon guarantees from another party that the property’s price will rise.
Conclusion
In addition to being suitable options for high-end home buyers in Gurgaon, both Sushant Lok and South City offer different possibilities depending upon the exact location, the type of lifestyle you prefer, the amount of money you are willing to spend, the configuration of the house you want, and the things you will need in the future.
Sushant Lok could be an option if you want to have easy access to some of the well-established commercial and transportation corridors, whereas South City would be a good fit for families that can find what they need in the residential areas. Both options provide a basis for comparison; however, there is no guarantee that each property will provide the same experience.
Prior to making your final decision, examine the quality of the building work; confirm that you have all the required legal documentation; find other properties that are truly equivalent to yours; and determine how much it will cost to own this property. In addition, go see the area where the property is located in person, and if needed, get an objective opinion from an expert.
Buying a house isn’t just about getting the biggest, most expensive one. It’s also about finding a home that will provide you with a sense of security, be within an acceptable range of risk, and be suitable for your family’s long-term requirements.
Frequently Asked Questions (FAQs)
1. Is Sushant Lok better than South City for buying a luxury home?
There’s no one right answer to which option is better. When comparing the two, make sure to look at the same property, its connection to the rest of the city, the quality of building materials used in construction, the cost of the property, the state of the neighborhood around it, and the paperwork associated with the property before you choose.
2. Which locality is more suitable for families?
Both can be good choices for families depending upon the location and the surrounding area. Research the local schools, health care providers, traffic patterns, park locations, and general convenience within the particular neighborhood/sector/block.
3. What should I check before buying a builder floor in Gurgaon?
Inspect the quality of the building work, the size of the useable space, how well it is ventilated, where cars can park, how much water is available to residents, and what will happen when something needs repair or maintenance. Make sure a qualified attorney reviews the ownership of the property, if the proper permissions were obtained to build the structure, and other related paperwork.
4. How can I compare property prices in Sushant Lok and South City?
In order to evaluate comparable properties based on plot size, useable area, construction age, floor plan, number of parking spaces, whether they are furnished or not and their current legal status; use verifiable sales data when available and include all costs associated with purchasing a property.
5. Is buying a luxury property in Gurgaon a good investment?
Investors who find that this may be a good option for themselves should know that there is no guarantee on returns. Before making an investment decision, investors need to assess local demand, how much they will pay for the property, the amount of money they expect to make from renting out the property, what it will cost to maintain the property, the legal standing of the property, and the likelihood of being able to sell the property at a later date.