Flat For Sale In South City 1 Gurgaon - REELTOR

In South City 1, you can typically expect to find swimming pool, gym, clubhouse, tennis/badminton courts, jogging track, children's play area, EV charging stations, concierge service, 24/7 CCTV, smart home features, rooftop decks, and a yoga and meditation centre. These amenities are common in premium gated communities like The Magnolias and Pioneer Araya in this sector.

Under-construction properties in South City 1 are subject to a 5% GST (no Input Tax Credit), while ready-to-move properties with an Occupancy Certificate attract no GST. When selling a property, long-term capital gains (≥24 months) are taxed at 12.5% without indexation or 20% with indexation, while short-term capital gains (<24 months) are added to income and taxed accordingly.

The Haryana Government has increased circle rates by 10-30% across key areas, including South City 1. Stamp duty is 7% of property value for males (5% + 2% registration fee), 5% for females, and 6% for joint buyers. Registration charges range from ₹15,000 to ₹30,000 depending on the property value.

The ROI in South City 1 can range from 2.7% to 4% per annum, considering rental yield and capital appreciation. This is comparable to other prime corridors in Gurgaon, with some areas like Dwarka Expressway and New Gurgaon showing higher growth rates of up to 22-28%.