Realestateingomtinagar

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...

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...

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...

Modern life is busy and full of stress. With the advent of web and mobile telephony, it has become extremely difficult to keep our personal and office time completely separate. The increasing globalization in every job is also overlapping time zones and is bringing a new dimension of stress. Thankfully the town planning has kept pace and ensured that there are separate zones of actions for different kind of activities. Paarth Republic township on Lucknow Kanpur highway has used these concepts of planning to make life for its residents peaceful and enjoyable. This is also the largest township on this side of town, which brings its own unique advantages. Let’s first understand as to what is meant by a planned township. A planned township is any community that was carefully planned from its inception and is typically constructed on previously undeveloped land. This contrasts with settlements that evolve in a more ad hoc and organic fashion. We have all seen the chaotic life in unplann...

Lucknow has been growing fast over last decade and has been a leading non-metro town when it comes to new developments. While infrastructural developments are happening across the city, the progress in Lucknow-Kanpur road area is quite rapid. And it is quite appropriate considering that this road connects the two most important cities of UP and it has the fastest growing airport east of Delhi airport. The metro connectivity to other parts of city from here ensures a quick and efficient transport system.   Till a few years back, Kanpur road area was not considered to be appropriate for luxury residences . The city was gravitating towards Gomti Nagar and further towards Raebareli road. Amausi airport had not received any expansion for years and connectivity from this area to rest of the places in the city could at best be described as patchy. The ongoing metro work was a nuisance and it was not easy to visualize the advantages of this network in future. But as Lucknow started growin...

In India, owning a home is a dream most people savour through their life. There is only a small percentage of people who get to own their home. Most of us save our lifetime income for buying a home of our dreams. But before buying property lots of questions arise in buyer’s mind. Are we investing in the right location? Will the builder deliver what is promised? Is this builder an honest builder? What clauses should be there in a house buying agreement? To solve this problem the government has introduced RERA for home buyers. Let’s understand in detail as to what is RERA and what does it entail.   Before this regulatory act, some unscrupulous builders and developers of India had their own rules and regulations. The buyers were given almost no choice by such developers. While the buyer was paying for the property and this would be the biggest asset most of them ever invested in their lifetime, a lot of builders avoided sharing the important details with the customer. Tha...

Lucknow has undoubtedly emerged as a real estate investment hub in last decade or so. While the whole city has seen increasing real estate activities, the localities on Shaheed path (Known as Gomti Nagar extension) have offered better returns and continue to hold their premium position. Let’s look at the reasons as to why this area continues to attract investors -     1.       Well planned development - Gomti Nagar and Gomti nagar extension are one of the largest planned residential areas of Uttar Pradesh. The whole infrastructure development in the area is new and has been planned well. This contributes to a more relaxed living for the residents of this area. 2.       Excellent connectivity - Gomti Nagar extension area is very well connected to the other parts of the city. It has proposed metro connectivity also. The airport and station are connected through special expressway, which avoids the congested city roads. 3. ...