Key Details About Magnum Towers Apartment

Magnum Towers comprises two elegantly designed towers that span approximately 4.3 lakh square feet. The complex features A-grade development with modern architectural aesthetics and high-quality finishes. Each unit is designed with spacious layouts, maximizing natural light and ventilation. Key highlights include:

Area: 4.3 lakh sq. ft. total space, with Magnum Tower 1 at 3.5 lakh sq. ft. and Tower 2 at 80,000 sq. ft.

Floor Plates: Large floor plates of up to 33,000 sq. ft. to accommodate diverse business needs.

Parking: Three levels of dedicated parking spaces.

Security: 24/7 high-tech security systems ensuring the safety of all residents and businesses.

These features make it an appealing choice for those looking for a contemporary living environment that aligns with modern lifestyles.

• Apartment Sizes: Magnum Towers offers a variety of configurations, including 2 BHK, 3 BHK, and 4 BHK apartments, catering to different family sizes and preferences. The spacious interiors range from approximately 894 sq.ft. to 2510 sq.ft., providing enough room for comfort and luxury.
• Interiors: The apartments are designed with high-quality finishes and fittings. They feature modular kitchens, spacious living areas, and modern bathrooms, ensuring that residents enjoy a comfortable living experience.
• Security and Safety: Safety is paramount at Magnum Towers. The complex is equipped with 24/7 security personnel, CCTV surveillance, and controlled access points, providing peace of mind for residents.
• Parking: Each apartment comes with designated parking spaces, ensuring that residents do not have to worry about vehicle congestion.

Project Specifications:

• Type: 2 BHK, 3 BHK, and 4 BHK Apartments
• Size: Approximately 894 to 2510 sq. ft.
• Furnishing: Semi-furnished
• Total Units: 128 apartments

The building itself is constructed by reputed architects and incorporates modern construction techniques, ensuring durability and aesthetic appeal. Additionally, the apartments are compliant with Vaastu principles, promoting a harmonious living environment. The complex spans over 5 acres, providing residents with a sense of space and community.

• Modern Architectural Design: The architecture of Magnum Towers Apartment is modern and appealing, with a focus on natural light and ventilation. Each apartment features spacious balconies, allowing for stunning views of the surrounding area.
• High-Quality Fixtures and Fittings: Apartments are equipped with high-end fixtures and fittings, ensuring a luxurious living environment.
• Elevators and Accessibility: The building is equipped with elevators, making it easily accessible for residents of all ages.
• Secure Parking Facilities: Ample parking space is available for residents, providing convenience for those with vehicles.
• Energy Efficiency: Features like LED lighting and energy-efficient appliances help in reducing utility costs.

Cost of Renting in Magnum Towers Apartment

Rent prices in Magnum Towers vary based on the apartment size and specifications. Currently, rentals for 3 BHK apartments can range from ₹75,000 to ₹1.5 Lac per month, depending on the furnishing and specific amenities included. The rental market in Sector 58 is competitive, but Magnum Towers stands out due to its premium facilities and location advantages. It's advisable for potential renters to explore various listings and compare amenities to find the best fit for their needs.

Rental Price Range: Rental prices for 3 BHK apartments can range from ₹75,000 to ₹1.5 Lac per month, depending on furnishing and amenities.

Security Deposit: Typically, landlords require a security deposit equivalent to two months' rent. This deposit is refundable upon vacating the property, provided there is no damage beyond normal wear and tear.

Additional Costs: Apart from the rent, tenants should also consider utility costs, maintenance fees, and other charges that may be applicable. It's advisable to clarify these details with the landlord or property manager before signing the rental agreement.

When considering renting an apartment, cost is often a decisive factor. At Magnum Towers Apartment in Sector 58, the pricing is competitive and reflects the value offered by the property. Rental prices vary based on the size and configuration of the apartments, making it essential to assess individual needs and budget constraints.

Given the high demand for properties in this area, these prices are reasonable when compared to similar offerings in the locality, especially considering the facilities and environment that Magnum Towers provides. Furthermore, with the current real estate trends in Gurgaon, investing in a rental here is seen as a smart choice.

• 2 BHK Apartments: The rental price typically ranges from ₹35,000 to ₹50,000 per month.
• 3 BHK Apartments: The rental price typically ranges from ₹75,000 to ₹1.5 Lac per month.
• Security Deposit: Typically, landlords ask for a deposit equivalent to two months' rent, which is refundable at the end of the lease term. For Magnum Towers Apartment, this means a deposit ranging from ₹75,000 to ₹3,00,000.
• Utilities and Additional Costs: While rent generally covers maintenance services, residents should budget for utilities such as electricity, water, and internet. Clarifying what is included in the rent before signing the lease is advisable.
• Maintenance Fee: Residents need to pay a monthly maintenance fee, which is generally around ₹11,000 to ₹15,000.
• Rental Agreements: Rental agreements usually include free police verification and formal rental agreements, simplifying the moving process for tenants.
• Negotiable Lease Terms: Rental agreements are often negotiable, providing some flexibility in securing a deal that meets your financial needs.

Rent per square foot is approximately ₹20 to ₹25, making it competitive when compared to similar properties in the Sector 58 area.

Lease Terms: Most lease agreements are for a period of 11 months, which is the standard in this locality.

Compared to other residential projects in Sector 58, Magnum Towers Apartment offers competitive pricing given its strategic location, superior amenities, and overall quality of life. The rental costs are justified considering the area's demand and connectivity, making it a valuable investment for tenants looking to enjoy both comfort and luxury.

While the cost might seem on the higher side, it's essential to consider the overall value that comes with living in this complex—strategic location, security, and a vibrant community atmosphere. Moreover, prospective tenants should also account for additional costs such as maintenance fees, which are generally not included in the rent.