The Magnolias as a Micro-market explored
Magnolias located in DLF Golf Links, Gurgaon is currently at the top of the pile in ready gated super premium complexes in Gurgaon. Besides the USP of golf course views Magnolias amazes the eye with beautiful landscaping and club facilities for which it has set benchmarks for super luxury developments across the country.
What you don't see from the outside is – the around the clock and dedicated concierge and in-house staff that is there for the convenience of residents – for both owners and tenants. Magnolias has as part of its facilities a fine dining restaurant, sports bar, mini home theatre, banquet hall for parties and events, state of the art gym, squash court, spa and salon, Olympic length swimming pool and a heated pool and three tennis courts.
Capital values at Magnolias have remained firm in the last 6 months with few genuine sellers on board. Very often what happens is that sellers change their mind on selling as well with high degree of holding power. Rental values have also remained firm with strong micro-market fundamentals for landlords. Most require a company lease with some percentage firm on expats only. Rentals are currently between 3 - 3.5 lac per month plus maintenance depending on terms offered.
Capital Values are expected to go up when the market booms, exactly how much we'll know depending on how soon and the trajectory when the boom does happen. Also, there will be a piggyback ride up effect of Camellias we believe.Magnolias is home to an elite base of customers and investors and a strong micro-market that is hedged against down-market risks as it stands with superior value that if offers.
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