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Why Gomti Nagar Extension is the best residential area in Lucknow in 2021?

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If you are looking to buy a home in Lucknow this new year, you must read this piece before you make a final decision. Why? We have looked at various localities of Lucknow and are then making an informed suggestion to benefit you both in short as well as long term. You need this advice because a home buy will probably be the biggest purchase you will make in your life.   Lucknow is one of the fastest growing cities in India and has increasingly emerged as the preferred choice for buying a home for anyone in eastern and central parts of Uttar Pradesh. A well laid out basic infrastructure, already functional metro rail, an international airport and excellent network of roads provide the basic wherewithal for a tension free life here. Added to this is a well - educated and one of the most civilized population groups in India. This is also the seat of political, judicial and executive power of the largest Indian state of Uttar Pradesh. With a stable government at the hub, the oppo...
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Integrated township living – Need of our times

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Imagine living in a   neighbourhood   where everything you need is a stone’s throw away. Sounds too good to be true? Well, integrated townships have made this dream a reality and therefore, have fulfilled a lifestyle need of new age home buyers.   Self-sufficient integrated townships   are fast becoming the order of the day, and are popular among   developers and residents   alike. It is an ultra-modern and cosmopolitan   real estate model , featuring the combination of   residential and commercial complexes   with associated infrastructure such as   schools, colleges, shopping centres   and various other facilities. Traditional   urban living   is plagued by a range of issues such as overcrowding and shortage of space.   Integrated townships help combat these problems by creating miniature urban ecosystems that offer an abundance of space, security and accessibility. From cost-effectiveness to convenience - the r...
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Increasing demand for 3 BHK apartments

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The real estate market in India is going through an interesting phase. While on one hand, the reducing home loan interest rates and stable prices are attracting new home seekers, the current home owners are looking to upgrade on the other. The mid income segment housing space is heating up and the data suggests that there is a fast increasing trend in enquiries.   The data for different towns and projects in India shows, that over the years 2 BHK homes were most preferred by new buyers everywhere. This also resulted in a skewed planning by developers, which favoured a higher percentage of homes to be constructed as 2 BHK and very few as 3 BHKs. However, with improving income levels and increasing lifestyle demands, a certain shift towards 3 BHK apartments is being observed. These 3 BHKs are also offered in some cases as 2BHK+study configuration, making these more affordable, while providing that extra room that can be used as needed. If we look at the evolution of this demand,...
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Does your home reflect your personality?

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Every home, even if constructed with the same design, feel different. This difference comes in due to the ways one decorates or maintains his home. No wonder, the home reflects the owner’s personality in more ways than one. The design of your home can be an expression of yourself and you build a story through the colours and styles that you choose. Your home is your haven, so when it comes down to it, it should reflect the people who live in them. There are many ways it happens. Let’s look at these, which can bring you closer to the vibes of your home.   Lifestyle If you are someone who likes to be organized in life, then the chances are that your house will be clean and spacious, and there won’t be a pile of clutter in sight. Homes with lots of storage and simple designs reflect those who are logical and calm, and like to have things planned out. For those who love the outdoors, homes will be full of plants and flowers, with a garden bursting at the seams. It is important to ...
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Benefits of buying a home from reputed developers

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In last decade, the age of home buyers has gone down and number of home buyers has increased substantially. Taking advantage of the same boom, the developers have started to offer the customers with different types of housing projects, for their ease and to cater to their interest.   However, there are some fly-by-night developers who have entered the trade to make some quick money. They would typically release attractive advertisements and offers to lure customers. There are also some developers in every market who have delivered good projects in past but are facing huge financial crisis. Therefore, a critical part of a home-purchasing decision is background check on developer. So what should one look out for: Choose a developer who has delivered some projects in the city earlier Check out for a financially strong builder. You can do a google search on the developer to see if he has defaulted on some payment etc or taking huge loans. It’s better to avoid such...
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2021 – The time for residential Real Estate

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2020 though affected adversely due to beaten customer sentiment, saw good traction for residential real estate towards the end of year. Q2 of calendar year was absolutely poor as most of the country was under lockdown, but the pace of recovery intensified with residential  real estate sales increasing by 51% in Q4 2020 when compared to Q3 2020. This is as per the recently published report Residential market update report for Q4’2020 by JLL.  Sales picked up on the back of historically low home loan interest rates, stagnant residential prices, lucrative payment plans & freebies from developers coupled with government incentives such as the reduction of stamp duty in some states like Maharashtra & Karnataka (for affordable housing). The easing of lockdown restrictions and the ongoing festive season further aided in bringing buyers back to the market. On an annual basis, sales in 2020 recovered to more than 50% of the pre-COVID volumes witnessed in 2019. The m...
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10 step guide to buying a new home in India

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Step 1 : Decide your Budget Your home is one of your biggest purchase. A proper budget has to be planned to know how much money will be left each month to meet your expenses, after accounting for home loan EMIs. It is therefore, very important to look at your past savings for the purpose and estimate how your future earnings are expected to move. It may be simpler for a salaried person, though may involve some serious work for a business owner or a self employed professional. One should also account for any future expenses that can be accounted for now, like children’s educational expense etc.     Step 2 : Assess Family requirements Remember, you are buying a home to ensure that your family enjoys living in it. Different members in the family can have different interests and expectations from new home. It is critical to understand their requirements before you set out on home search. Your family size will help you determine the number of rooms that you need. You may ne...
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