Mayur Vihar is one of the posh areas in East Delhi, located on the Delhi-Noida border. The area has always been the homebuyers’ choice due to grand Returns on Investment (ROI), robust connectivity, and mixed residential choice. Propertywala brings the factors why you should invest in Mayur Vihar, Delhi.
Overview of Mayur Vihar, Delhi:
Mayur Vihar is a lavish residential hub, which splits into phases, namely, Phases 1, 2, and 3. The site is close to a sanctuary devoted to peacock conservation in East Delhi. Hence, the name Mayur (peacock) Vihar (dwelling). The development of the area dates back to the late 1970s when the government decided to sell the Delhi Development Authority (DDA) flats to Public Service Units (PSUs) and semi-PSUs such as Bharat Heavy Electricals Limited (BHEL). It was done as an experiment to combine the people of several income groups into one community. Nowadays, different phases in the Mayur Vihar house vary in statistics.
It is also well-connected via public transport and social and civic infrastructure. It has a metro station on the Blue Line of the Delhi Metro. Many government buses also ply. It will be a good decision for residents to invest in minimum price in Mayur Vihar with all the amenities and infrastructure.
The real estate market in Mayur Vihar:
The locality of Mayur Vihar is divided into three phases with different real estate statistics.
Phase 1 ranks at the top: Based on its popularity and is considered the poshest of the three. It is a premium real estate market influenced by 2 BHK residential apartments with average prices. The range of price is between Rs 90 lakh to 1.5 crores. The average price per sq. ft. in the area is over Rs 11,000. A few residential options in Mayur Vihar are builder floors, DDA flats, and cooperative housing societies in Mayur Vihar Phase 1.
Mayur Vihar Phase 2 : It is fairly preferred by investors. It may be helpful for many affordable projects because buyers can get a 2 BHK residential area for as low as Rs 40 lakh up to Rs 1.6 crore.
Mayur Vihar Phase 3: The locality offers enough standalone flats and houses. However, the residential market in phase 3 is slightly less preferred as compared to the other two phases. The locality is majorly famous for its commercial institutions. Get 2 BHKs in this locality between Rs 50 lakh and 1 crore. The per sq. ft. rate of the residential list in Mayur Vihar Phase-3 averages Rs 7,550. Ample flats under the Central and State (DDA) Government’s Housing Schemes are purchasable here.
Inventory share across budget:
Area Name
Rs 0-50 lakh
Rs 50 lakh to 1 crore
Rs 1 – 1.5 crore
Rs 1.5 to 2 crore
More than Rs 2 crore
Mayur Vihar-1
13%
18%
38%
18%
12%
Mayur Vihar-2
2%
42%
33%
13%
10%
Mayur Vihar-3
40%
48%
10%
1%
0%
Work Area of Mayur Vihar:
Connectivity to work areas is one of the remarkable factors driving the resident and buyer demand in Mayur Vihar. Since the locality borders Noida, the industrial area is around 10 km from Mayur Vihar. Further, the appearance of many technology organizations in Noida, like IBM, TCS, and Genpact, also remains a big point for the residents. People working in cities such as Gurgaon. They also have their house here as the area’s active metro services. It connects it to Gurgaon’s employment hubs via the Pink and Blue lines of the Delhi Metro.
Social amenities and Infrastructure:
In addition, Mayur Vihar is maintained by the New Delhi Municipal Corporation (NDMC), which has worked highly on improving its social and physical infrastructure. So, the given table highlights the infrastructure amenities in Mayur Vihar:
Mayur Vihar is maintained by the New Delhi Municipal Corporation (NDMC), which has worked highly on improving its social and physical infrastructure. The given table highlights the infrastructure amenities in Mayur Vihar:
Amenities
Phase 1
Phase 2
Phase 3
Hospitals
Kukreja Hospital, Manglam Hospital, Apex Citi Hospital
Lal Bahadur Shastri Hospital, and Apex Citi Hospital
Metro Multispeciality Hospital, and ESIC Model Hospital
Metro Connectivity
Mayur Vihar Phase 1 metro station connects the Blue and Pink Line
East Vinod Nagar metro station connects to the pink line
Trilokpuri-Sanjay Lake metro station connects to the pink line
Road connectivity
Noida Link Road, Delhi-Meerut Expressway and DND Flyway
NH-24 connects for easy access to Noida and Greater Noida
In close to NH-24
Schools
Ahlcon Public School, ASN International School, and Rishabh Public School
Bal Bhavan Public School, and Mayur Public School
Ryan International School, Somerville School, and Bharti Public School
Places of Interest
Akshardham Temple, Uttara Guruvayurappan Temple
Sanjay Lake, Neelam Mata Mandir
Akshardham Temple, Sanjay Lake
Retail Hubs
Galleria Mall, Star City Mall and the DDA Market
Pacific Mall, East Centre Mall And Cross River Mall
Gharoli Market, Pacific Mall and East Delhi Mall
It is around 20 km from the Indira Gandhi International (IGI) Airport and approximately 11 km from the New Delhi Railway Station. Its prime location is the main reason why Mayur Vihar is a popular realty area in the east of Delhi.
Investment Possibilities:
The property rates in the Mayur Vihar have been stable despite the pandemic. Further, the lifted rental demand keeps it popular among investors. The minimum rent for a 2 BHK semi-furnished residential apartment in several phases of Mayur Vihar is in the following ways:
Phase 1
Phase 2
Phase 3
Rs 24,000 per month
Rs 18,000 per month
Rs 13,000 per month
At last, the strategic development of the area, balanced returns on investment, and impressive realty choices allow various income groups to invest in Mayur Vihar. All of the above factors make it a promising investment option for buyers who are looking to settle between a calm and green environment and a developed infrastructure.
These days we check every aspect of a home before we buy it, including the interior design, security, and amenities, but the aesthetics of the door are also becoming increasingly important.
It all starts with your front door to protect your home from intruders, whether you want to create a theme for your home, impress visitors or friends, or ensure the security of your home.
The truth is that the right door can add an extra layer of security and act as a strong deterrent. However, it can be a little difficult to know where to start when choosing a door for your home.
Finding a state-of-the-art security door for your home at a great price is the subject of today’s post, which aims to save you the hassle of conducting extensive research by giving you the best suggestions for choosing the right door for your home.
Brief About An Ultra Modern Saftey Door Designs For Flats
Modern door designs play a crucial role in the security of your home. They not only beautify the entrance to your home but also play a crucial role in ensuring the safety of you and your loved ones inside.
So let us look at some common modern security doors for homes. Solid wood doors, steel and wood composite doors, fire doors, and aluminum doors are some examples of common door designs. Each has certain advantages and disadvantages, which we will discuss below.
Solid wood doors are a cost-effective choice that offers excellent security. They are simple to personalize and come in a variety of finishes that will fit well with your décor. Composite steel and timber doors are robust and durable and provide excellent protection against intruders while improving sound insulation.
In an emergency, fire doors offer the highest level of fire resistance, while aluminum doors offer exceptional corrosion resistance and the highest energy efficiency.
Compare prices before making a decision, regardless of which option you choose. The good news is that there is a range of prices for modern residential security doors to fit any budget.
Types of Modern Safety Doors
Modern residential security doors are available in a variety of designs and finishes to complement your home. These doors offer the highest quality and maximum security without sacrificing elegance. There are several alternatives, including double doors, sliding doors, and even accordion-style folding doors.
Swinging door: The swinging door consists of two panels hinged in the middle so that they can be opened simultaneously from both sides. These doors are often used in basements with limited installation space, e.g., toilets, laundry rooms, etc.
Double door: This is one of the most popular options as it offers extra security as well as a modern look. Double doors come with different locking methods such as deadbolts and latches and can be made of different materials such as metal, PVC, and wood.
Sliding door: Sliding doors are a popular choice that allows you to maintain an open atmosphere while providing security. Depending on what best suits your needs, you can choose between automatic or manual locking options for these doors, which are made from a variety of materials, including metal and PVC.
Accordion folding doors: This design is ideal for wider openings or areas that require a striking look. Aluminum or PVC are lightweight materials that can be used to create accordion folding doors that open by folding together. They also offer options in terms of insulation or soundproofing.
No matter which modern security door design you choose for your home, you can be sure that it will provide extra security while adding a stylish touch to the exterior of your home!
Modern Door Designs for Your Flat with a Price
A door should not only be secure, but it should also fit your theme and enhance the aesthetics of your home. You can all help a little by following these suggestions.
Wooden doors: Depending on the type you choose, wooden doors have a timeless look and offer effective sound and heat insulation. They do need some maintenance to stay in good condition, but with the right installation, they are usually sturdy enough for domestic use. Depending on the size and quality of the wood, they can cost between Rs. 5,000 and Rs. 20,000.
Glass doors: If you want your front door to stand out, glass doors are a great option. You can choose from a wide range of designs and shades to discover something special and appealing. If you are looking for a high-security door, this may not be the best choice, as glass is not as secure as other doors such as steel or aluminum.
Steel door: Steel doors are strong and durable yet have a sleek, modern look. They can be made to fit any size or shape of opening and are very secure. The downside is that they can be quite expensive compared to other options.
Aluminum door: Aluminum is a strong, lightweight material that will not corrode or rust over time. If you’re looking for a low-maintenance solution, it is a great alternative because it requires very little maintenance. Aluminum may not provide the same level of security, though, given that it is weaker than steel or wood.
Things to Keep in Mind Before Purchasing a Modern Safety Door
There are a few characteristics to consider while looking for a safety door. The following qualities should be present in a high-quality door:
Steel Construction
When it comes to safety doors, steel is the preferred material because it is sturdy, long-lasting, and weatherproof. Strong steel with thick gauge walls should be used to create a high-quality safety door. To prevent rust, it’s also critical to confirm that the steel has been galvanized.
Security and Locking System
The security system in a safety door is also very important, and it should be designed to withstand demanding conditions. Multi-point locking mechanisms are ideal as they provide more than one locking point for added security. Ensure that the locks you choose have tamper-proof features and have been certified by key authorities like UL or CE.
Fire Resistance
If you live in an area where fires are a risk, you’ll want your safety door to have fire-resistance characteristics. Look for doors that can resist temperatures up to 1200 °F (649 °C). Many high-quality manufacturers will include fire resistance ratings on their products, so make sure you check before purchasing.
Accreditation and Warranty
When looking for a trusted product, it’s important to ensure that the manufacturer is accredited and can guarantee their products with warranties. The American National Standards Institute (ANSI), Underwriters Laboratories (UL), or other government agencies or organizations should accredit safety doors if they want them to be considered safe. Additionally, look for manufacturers that offer warranties on their products and services ranging from 1 – 5 years, depending on the product.
Conclusion
It’s important to keep your home safe and secure, and investing in modern safety door designs is one of the best ways to do just that. With so many options available, you can find a design that fits your budget and your apartment’s aesthetic. From traditional wooden doors to transparent metal grilles, there’s something for everyone. Not only will this enhance your flat’s safety, but it will also add a touch of style to your home. So go ahead and start shopping for the perfect modern safety door design for you and your family today!
Do you want to rent a completely furnished flat in Noida? You’re in the proper spot. Noida (New Okhla Industrial Development Authority) is a well-known North Indian city in Uttar Pradesh.
Due to the infrastructure improvements made in recent years, Noida, which is located in the Uttar Pradesh district of Gautam Budh Nagar, has been expanding quickly.
It has been expanded to Greater Noida in light of the city’s ongoing growth and expansion. The Uttar Pradesh district of Gautam Buddh includes Greater Noida as well. The Greater Noida Industrial Development Authority (GNDIA) is in charge of all the industries included in the Noida expansion. Its management covers a total of 16 communities.
What is a fully furnished flat in Noida?
A completely furnished apartment includes a variety of amenities, such as common areas for everyday use, regular housekeeping services, etc. all of which are included in the price of renting or purchasing the apartment. After the purchase, these can be fully modified to the buyer’s specifications. As a result, these flats give their tenants a comprehensive experience without the effort or expense of furnishings.
If you begin looking for a fully furnished property for rent in Noida, these characteristics will undoubtedly be available with lots of benefits.
Benefits of Renting a Fully Furnished Flat in Noida
These days, renting a flat is simply easier because of the abundance of online and offline real estate brokers. And you may take advantage of all the advantages of this, from moving in swiftly to cheaper expenses, if you’re searching for a fully furnished flat for rent in Noida.
Cost Reductions: Renting a fully furnished flat can save you money over time since you won’t have to pay for furniture and other necessities out of pocket. It’s an excellent choice for first-time renters or students on a limited budget because of this.
ready to move in Renting a completely furnished flat in Noida has several advantages, including the fact that you can move in right away and don’t have to bother about searching for or purchasing furniture or waiting for it to be delivered and put together.
Adjustable terms of the lease: The majority of completely furnished apartments offer flexible rental agreements, so you don’t have to sign a long-term agreement if you don’t want to. This makes them ideal for both temporary rentals and longer-term leases.
Types of Fully Furnished Flats for Rent
Finding a comfortable home can take a lot of research, so let Propertywala help you out, as we have shortlisted the most convenient one for you all on our website.
Every type of flat is offered, ranging from a 1-BHK flat to a 4-BHK house. Every kind of apartment has its unique features and attractiveness.
Given that Noida is an industrial location, finding a 1-BHK flat is simple. There are commercial centers, hospitals, and educational institutions nearby, so anyone studying or working in this neighborhood may relax. The location of our two-bedroom apartment downtown is ideal. The metro station, bus stations, shopping centers, and other attractions are all conveniently close by. It is perfect for people who travel frequently because it is also near to the airport and important business centers. You may also be guaranteed your safety and comfort thanks to a power backup system that is available around the clock, security guards, and an intercom system. All the contemporary furnishings and appliances you want for a stress-free stay are included in our completely furnished apartment. Three bedrooms have cozy beds in them.
Things to keep in mind while renting a fully furnished flat in Noida
Before choosing one or starting your search for a fully furnished flat for rent in Noida, there are a few considerations you should make.
Size of the Room: Before signing a contract, be sure the room size is appropriate for your needs by doing a comprehensive examination. Make sure that the furniture is part of the bundle and not an extra expense. Don’t forget to account for the possibility that longer rooms will cost more than smaller ones when making your choice.
Maintenance: Before moving in, make sure that all of the furniture and appliances are in good working order and that the landlord has taken care of any necessary repairs. This will guarantee that you receive a high-quality flat that meets your demands and will help ensure your peace of mind while renting the property.
Proximity to Amenities: Make sure the flat is situated close to conveniences like supermarkets, shopping centers, and other recreational facilities. Your stay will be more fun and convenient as a result. It’s also helpful to see whether there are any nearby public transit options, such as trains, buses, or metro stations.
Budget: It’s important to estimate your budget before searching for a fully furnished flat for rent in Noida so you can whittle down your possibilities and locate the ideal place. As a starting point, figure out how much it will cost to move into a new apartment upfront. They can include down payments, fees, and other unforeseen expenses, such as utility bills. It’s crucial to think about your monthly spending plan once you’ve moved into the apartment. In general, rent is the main expense; however, there may be other costs to consider depending on the number of amenities offered by the flat. Don’t forget to budget for additional future maintenance expenditures.
Where to Find Your Perfect Flat in Noida
If you’re seeking an ideal area to rent a completely furnished property in Noida, you’re in luck since Noida has plenty of options. You may discover whatever you’re searching for here, from little studios to opulent penthouses. There are apartments all over the city, ranging from individually refurbished apartments to residential complexes with every possible convenience.
A fully furnished flat is a wonderful choice since it has the following qualities:
Near shopping, entertainment, and medical facilities
The readily available mode of transportation as well as the possibility of using public transit to use world-class facilities for education and entertainment.
Each unit is equipped with cutting-edge security technologies.
Quality appliances, furnishings, and other necessities are easily available.
Conclusion
With all the facilities and features already taken care of, renting a fully furnished flat in Noida might be a great option for individuals seeking a hassle-free relocation. It will pay off in the long term to take the time to hunt for the ideal flat for your needs. You have the option to tailor your flat depending on your requirements and tastes, thanks to the large number of flats available. Don’t wait; take the initiative to locate your ideal flat right now!
A super-classy and organized city in Uttar Pradesh, Noida is also a part of the Delhi NCR. Also, making it all the more attractive for real estate investors and home buyers. Noida is a rapidly growing city with a population of over 2 million. It has led to the growth of many posh residential societies in Noida. You can find many resources and facilities in Noida for everyone, be it homeowners, students, businesspersons, or even retired professionals. In Noida, 8 posh residential societies are in high demand for homebuyers.
If compared to Delhi and other NCR regions like Gurgaon, the living cost in Noida is much lower, making it a highly popular- city in the NCR region. The real estate business is successful in Noida due to its proximity to Delhi and the arrival of numerous MNCs. The posh areas in Noida feature high-tech infrastructure, metro convenience, top amenities, and outstanding services. So, propertywala brings every detail and infrastructure of the top 8 posh residential societies in Noida with just one click.
List of Social Infrastructure and developments of Noida:
Noida was settled on 17 April 1976 under the UP Industrial Area Development Act, 1976.
In Swachh Survekshan 2021, Noida became the Cleanest Medium City (population of 3-10 Lakh).
There are the most important educational academics namely, UPTU (Uttar Pradesh Technical University), Amity University, Galgotias University, etc.
Noida is well connected to the Noida-Greater Noida Expressway, Yamuna Expressway, NH-24, FNG Expressway, KGP Expressway, and the Delhi-Mumbai Industrial Corridor.
There are some popular malls such as DLF Mall of India, Wave City Center, and GIP.
Top 8 Posh Residentials Societies in Noida
Nowadays, Noida has become a top location for people from all parts of the country to come and live in numerous posh societies in Noida. Also, with top-notch amenities, infrastructural abilities, opportunities for jobs, and proximity to the NCR. Hence, no other city can boast as much as Noida can.
1. ATS Knightsbridge (Luxurious and the poshest society in Noida)
It is the right mixture of luxury and convenience. The complex is for your taking at a rate of Rs. 7.49 – 8.0 Crore. It offers unbound luxury through its 4, 5, and 5 BHK flats with areas ranging from 4005 sq. ft, 4250 sq. ft, and 7000 sq. ft.
AMENITIES AT ATS KNIGHTSBRIDGE:
With all the first-class amenities and services for its occupants, ATS Knightsbridge makes the lives of its residents full of conveniences. So, some of the major amenities that ATS Knightsbridge offers its residents are:
Gyms, rooms for indoor games, and a park area.
Multipurpose courts with multipurpose halls.
There is a waste disposal system and Rainwater harvesting.
24×7 power backup and firefighting equipment.
Vaastu -friendly homes for a peaceful life.
Well-maintained clubhouse and swimming pool.
CCTV camera for surveillance and security purposes.
Reserved parking for residents as well as visitor parking.
Lift and intercom service with maintenance staff.
NEARBY FACILITIES AND CONNECTIVITY OF ATS KNIGHTSBRIDGE:
An essential part that makes ATS Knightsbridge a popular and favorable place to live in Noida is its well-connected location. It has the following advantages and every home-buyer would love such a connected place:
Nearby Metro Stations namely Noida Sector 1, Noida Sector 16, Noida City Center, and Botanical Garden Stop.
Easy access to roads to Greater Noida via Noida-Greater Noida Expressway, Delhi via DND Flyway, and Faridabad via FNG Expressway.
Well-maintained hospitals, Government offices, shopping hubs, and malls.
Colleges, schools, and Gautam Buddha University.
2. SKA Orion
SKA Orion (Standing Tall Among the Best Societies in Noida) Address: GH-01A/2, near Noida Expressway, Sector 143B, Noida, Uttar Pradesh 201301
It is located in Sector 143B. Orion is one of the well-organized projects from the House of SKA. With an extensive area of 3 acres, it brings you everything you need. Renowned for its ultra-modern living conditions, fanning environment, and premium living styles. It is a high-end premium society that is easily classified as one of the best posh societies in Noida. Furthermore, it offers everything that a buyer needs no matter if it is for commercial or residential purposes. It consists of 508 units that range from Rs. 61.1 lac to 1.13 crores.
AMENITIES AT SKA ORION:
This society is full of amenities to ensure that the lifestyle of its residents is comfortable and content. It offers a well-maintained clubhouse, a safe track for jogging and strolling, and outdoor tennis courts for its residents. In addition to this, the apartment complex is packed with the given amenities:
Fully-furnished club and play area for kids.
Facilities for indoor games.
Intercom facility and services.
Health and a fitness club.
Swimming pool.
Multiple elevators and goods lift services.
24×7, professional security service.
Private parking for residents.
NEARBY FACILITIES AND CONNECTIVITY OF SKA ORION:
Besides these facilities and conveniences, SKA Orion brings to its residents. What makes it truly one of the posh societies in Noida extension? It is only its connectivity and nearby local conveniences:
Located nearby to sector 143 Metro Station.
Excellent academic institutes, colleges, and schools such as Amity University and Shiv Nadar Public School.
It connects the two major expressways namely FNG and Noida-Greater Noida Expressway.
The presence of business centers and commercial hubs like Oxygen Business Park and DLF Tech Park.
3. Tata Eureka Park
Tata Eureka Park (A Singular Place to Settle Down in Noida) Address: Tata Value Homes Eureka Park, SC-01 A1, Sector 150, Noida, Uttar Pradesh 201310
This society is developed by Tata Value Homes Ltd. It is one of the top posh societies in Noida extension. One of the main features of this society is that it is in a prime location—Sector 150, which is recommended to be one of the most sought-after and important housing hubs in Noida. It offers 2BHK and 3BHK flats with different areas at costs ranging from 63.9 Lacs to 73.6 Lacs. 2BHK flats are available in the 1,100 sq. ft. super area whereas 3BHKs can be bought in the 1,285 and 1,575 sq. ft. super area.
AMENITIES AT TATA EUREKA PARK:
It brings world-class facilities to its residents. Everyone who loves nature and wants to own a home nearby trees and flowering plants then they will enjoy their time at Tata Eureka Park. In addition to this, the residential society has been developed by merging all types of modern amenities that you would crave for it such as:
A spacious park for the occupants to spend their time and for relaxation.
Multiple lifts for residents to move across the complex.
World-class gym, fitness center, and clubhouse.
24×7 power backup system for unbroken electricity.
A specified space for meditation and yoga for residents.
Well-maintained swimming pool.
NEARBY FACILITIES AND CONNECTIVITY OF TATA EUREKA PARK:
This society is also well-connected to other parts of the city and major expressways. Therefore, the residents of the complex can commute to their destinations effortlessly. In addition to this, the park is provided with the following amenities nearby:
shopping complexes, malls, and theaters.
Government offices and service centers in a range.
Many multi-specialty hospitals and healthcare centers.
Various schools, colleges, and academic institutes.
4. Godrej Woods
Godrej Woods (Live luxurious lifeStyle in this posh society in Noida) Address: Block A, Sector 43, Noida, Uttar Pradesh 201303
Noida Godrej Woods is one of the luxurious apartments in Noida which is located in sector 43. Proudly owned by Godrej Properties, with 250 units up for sale in the complex. You can find the most suitable for you from the ten towers it is divided into. Whether you need a 2, 3, 4, or 5 BHK flat, you have it all here in Godrej Woods.
AMENITIES AT GODREJ WOODS:
As any homeowner would expect, Godrej Woods offers many ultra-modern resources and conveniences to make the lives of its residents a breeze, such as:
24×7 power with advanced power backup.
The spacious track for jogging and strolling.
All-day security surveillance.
Private parking areas for the residents as well as visitors.
Perfect Clubhouse to match your requirements
Gym and health center for their occupants.
A rainwater harvesting system is available.
Your home will be according to the Vastu.
NEARBY FACILITIES AND CONNECTIVITY OF GODREJ WOODS:
It is not just the facilities that make Godrej Woods special for buyers. Indeed, it is because of the locality and civil conveniences that make Godrej Woods a prime location for people to live a luxurious life.
Easy access to Noida-Greater Noida Expressway and Golf Course Metro Station.
Indira Gandhi International Airport at a distance of 28 KM only.
Roads Connected to Dadri Main Road and Amrapali Road.
Presence of great schools and colleges in that area.
Malls, business centers, hospitals, and entertainment areas are available.
5. Ace Starlit
Ace Starlit (In one of the posh localities in Noida) address: SC-01/09, Sector 152, Noida, Uttar Pradesh 201303
This place is where urban life meets and modernizes the calm demeanor of nature to surprise homeowners. A premium residential apartment complex, Ace Starlit is currently under construction and is packed with high amenities, conveniences, and services to make it a unique and best living experience for its occupants. With a total of 490 units in 5 towers, home-buyers and investors can buy from 2BHK or 3BHK flats at Ace Starlit. Some of the unique characteristics that make the complex much-coveted posh societies in Noida are the Ultra-Modern Double-Height Lobbies, Unique Glass Façade Towers, and the sprawling 3-Side Open Homes.
AMENITIES AT ACE STARLIT:
This place is for everyone who loves to live with their loved ones in high-tech facilities and conveniences. This is for all age groups. Once you step into this facility, you have access to the following:
Private parking for residents with also visitor parking.
Multipurpose hall, meditation area as well as fitness center.
24×7 maintenance staff and security.
There is also a well-maintained clubhouse, park, and indoor gaming areas.
Retail shops, libraries, and flower gardens.
Singular swimming pool and kids’ splash pool also.
Ground for half basketball course and cricket net practice.
NEARBY FACILITIES AND CONNECTIVITY OF ACE STARLIT:
In addition to making the apartments an architectural marvel with beautiful interiors, Ace Starlit has the following facilities waiting for you:
It is located on Noida Expressway and near the Aqua Metro Station.
There are several schools, colleges, hospitals, and shopping centers.
Impeccable access to the city center and suburbs such as Greater Noida.
Well Connected to the under-construction of Jewar International Airport.
6. ATS Pristine
Address of ATS Pristine: Pushta Rd, Sector 150, Noida
ATS builders are known for their construction quality. With quality, they also provide a perfect mixture of luxury and convenience. It is a masterpiece complex that offers 3 BHK and 4 BHK luxurious apartments. The range of apartments is between Rs 84 lakh to Rs 4 crore.
AMENITIES AT ATS PRISTINE:
It offers first-class amenities to the occupants of the group housing society. It is spread over 18-acre land with 80% lush green area. Following are the major amenities offered by this complex:
A well-maintained clubhouse for kids as well as elders to spend their time.
A swimming pool
Cafeteria/ food courts are also available in this complex.
24×7 CCTV camera surveillance.
Private parking facility for residents.
Gymnasium, library, and business center.
NEARBY FACILITIES AND CONNECTIVITY OF ATS PRISTINE:
For this complex, there are many reasons to invest in ATS Pristine. It is in Sector 150 Noida, which is an upcoming hub of Noida and following are the reasons:
Greater Noida and JP hospital are only 10 minutes away from this posh society as well as sector 148 metro station is 5 km.
YMCA Gol Chakar, Wipro Chowk and Pari Chowk.
Advant Navis Business Park, Bhutani Alphathum, Bhutani Cyberthum, MetLife office, and Birla Soft are near this posh complex.
Top- Notch schools are available near ATS PRISTINE such as DPS (Delhi Public School), Genesis Global School, Day Care Creche, Shiv Nadar School, and Footprints Play School.
7. ABA Cleo County (An Egyptian Themed Posh Society in Noida)
Address of ABA Cleo County: GH 05, Rani Avantibai Marg, Sector 121, Noida, Uttar Pradesh 201301
It is one of the best societies to live in Noida. Its impressive and pathetic entry will convince you to invest in ABA Cleo County. This society is a secure residential space and has a common configuration of 3BHK and 4BHK.
AMENITIES AT ABA CLEO COUNTY:
Apartments in this society are provided with air conditioners and electrical fittings. Also, complete wooden work is done by the builder. On the other hand, some amenities offered in the society are:
Reserved parking area for residents.
The gym, outdoor tennis court, spacious clubhouse for any event, and cafeteria/ food court are one of the main qualities of this society.
24*7 power backup and fire fighting appliances.
Jogging and strolling track as well as a 5-level cascading swimming pool.
NEARBY FACILITIES AND CONNECTIVITY OF ABA CLEO COUNTY:
Job centers include Nuclear Software, IBM, Airtel, Birla Soft, HCL, Rajni Gandha, HeadStrong, and Amar Ujala.
Fortis Speciality Hospital is near.
Advant Navis Business Park, Bhutani Cyberthum, Birla Soft, Met-Life office, and Bhutani Alphathum are near.
At Mahagun Moderne society, enjoy a combination of extant living with a high-end luxurious lifestyle, where world-class amenities are available.
This planned society is near Sector 76 metro station, making commuting impeccable for you. It is a residential society with high and low-rise apartments. Talking about the other USPs, each tower has its lounge area, which exactly looks like the reception of a 3-star hotel.
AMENITIES AT MAHAGUN MODERNE:
Mahagun Moderne is one of the posh societies in Noida and is known for its top-notch amenities. Some of the amenities are as follows:
Badminton Court, Swimming pool, Creche/Daycare, Senior Citizen Sit out, top-level security, Business Lounge, Rain Water Harvesting, lavish clubhouse, and fitness center/ gym are some of the top-notch amenities of this society.
24 hours power backup, Pipe gas line, and parks.
NEARBY FACILITIES AND CONNECTIVITY OF MAHAGUN MODERNE:
Besides the top-notch facilities offered by one of the posh societies in Noida. The society is located strategically near civic benefits and enjoys first-class connectivity.
This residential project is close to Noida Extension, Greater Noida, Delhi- NCR, and Ghaziabad.
Several famous MNCs nearby include IBM, HCL, Amar Ujala, Birlasoft, Head Strong, Birla Soft, Airtel and Rajanigandha, etc.
Reputed schools like Manthan School, Ramagaya School, Manav Rachna International School, Eurokids, and Broadway International School. are close to this society.
Several multispecialty hospitals, like Neo Hospital, Max Multi-Specialty Center, Prayag Hospital, Prakash Hospital, and Fortis hospital are close.
Shopping malls such as Shipra Mall, DLF Mall of India, Gaur City Mall, Spectrum mall, and GIP are all just 10-15 mins away.
Shri. Jaiprakash Gaur, the founder of Jaypee Group, had a single-minded focus after graduating from IIT Roorkee with a diploma in civil engineering. He decided to contribute to nation-building by branching off as a civil contractor in 1958 and founded Jaypee Group. The Group’s business interests include engineering and construction, cement, power, real estate, expressways, fertilizer, hospitality, healthcare, sports, and information technology. This article covers the story behind Jaypee’s failure. How did Jaypee start, what all the good things it did, what exactly went wrong, and what is the future now? One thing is for sure, if everything would have gone well, Jaypee would have completely changed the situation in Noida. It could have become the DLF of Noida. But could not. More than 20000 buyers are still struggling to get the homes of their dreams. Let us look at the story behind the making of Jaypee.
Work done by Jaypee:
Jaypee Infratech was founded in 2007 and it is the part of the Jaypee Group. So, let’s look at some of the successful works done by Jaypee Infratech.
1. Yamuna Expressway project:
The Group entered into the construction of expressways with a 165 km access controlled 6 lane super expressway along the Yamuna River connecting Greater Noida and Agra. You would know how well-developed the Yamuna expressway is if you have been to it. It has become a big boon for Noida. Jaypee has also built the Zirakpur-Parwanoo Himalayan Expressway.
2. Jaypee’s Hotels and Resorts:
In New Delhi, Uttar Pradesh, and Uttarakhand, the hospitality division of the Group owns and manages five hotels.
3. Jaypee’s Hospital:
The Jaypee Hospital is well-developed and offers excellent health facilities. The hospital is now commissioning 525 beds in the first phase of its intended 1200-bedded tertiary care multi-specialty complex.
4. Jaypee’s F1 Sports:
The Group hosted the inaugural Formula One Grand Prix of India on October 30, 2011. The track is anticipated to hold more top-tier international racing competitions in addition to F1. Though this was unsuccessful as F1 races did not succeed in India.
5. Jaypee’s Real Estate:
The first real estate project of the group, Jaypee Greens Greater Noida, covers 452 acres. This distinguished municipality includes an 18-hole Greg Norman golf course, upscale homes, shopping centers, etc.
India’s First Wish Town, a premier township featuring an 18 + 9 Hole golf course, world-class residences, commercial developments, numerous entertainment amenities, and acres of greenery, was Jaypee Greens’ second project when it was unveiled in Noida in November 2007. The group then started construction on Jaypee Greens Sports City and Jaypee Greens Wish Town Agra, two townships along the Yamuna Expressway and Jewar International Airport, which is scheduled to open soon, and is a 20-minute drive from the city center.
But destiny was against Jaypee’s prosperity, and Jaypee’s fantasy township became a failure. So let’s talk about this township’s swindling and how many house buyers lost their dream homes.
Jaypee’s Failure in Real Estate:
Who doesn’t want to be the owner of their own home? All of us do. Not just any house, either. A perfect home must be spacious, well-connected to the rest of the city, have a room with a view, and have the best amenities. However, it has been more than 12 years since thousands of Jaypee Infratech Limited (JIL) home buyers in Noida were victims of the mother of all real estate failures in India. The long-drawn legal battles are ongoing, leaving more than 20,000 Jaypee home seekers running from pillar to post and many giving up.
Jaypee got the land of the wish town in return for building the Noida expressway for Rs 400 crores. The company launched 32000 flats, still, 70% of apartments are in the under-construction stage. This project did not show any signs of readiness for the completion date. Around 90% of buyers made their payment, but it was still claimed that progress has been made on this project, although there was nothing to show for it.
A total of 18,767 people paid a total of Rs.8,676 crores to the company. 1410 people received possession worth 528 crores with no registrations. 413 people canceled their booking and their refund of Rs 64 crores is still pending.
Reasons for the failure:
The reason behind the Real estate failure of Jaypee are:
Jaypee group took the money that buyers had paid for homes and invested it in other projects.
The company invested the money in other businesses.
The government changed at that time.
Future of Jaypee’s Failure:
After a super-lengthy resolution process, Mumbai-based Suraksha realty group got the approval of financial creditors and home buyers to take over the company in June 2021. Furthermore, in its offer, Suraksha promised to deliver all Jaiprakash Associates’ pending housing units within 42 months. It has offered to pay Rs 125 crore upfront and infuse Rs 3,000 crore within 90 days for completing the stalled projects. It will also put Rs 300 crore receivable from Jaiprakash Associates for completing the pending housing unit. Since Jaypee was an extraordinary case, the finalization of the bids is pending before NCLT for more than 17 months for approval. After the approval, the 20,000 home buyers who have been waiting for their units in various housing projects of Jaypee can finally breathe a sigh of relief.
When selling a property, sellers want to know how much tax they’ll pay and whether there is any way to reduce or avoid the tax. The article below focuses on capital gains tax for sellers who are selling a property.
What is a Capital asset?
Capital assets include land, buildings, jewelry, vehicles, trademarks, machinery, patents, and licenses. When a capital asset is sold and any profit is received, it is known as capital gains. Agricultural land is not a capital asset.
Capital gains tax on residential property for sellers:
To understand capital gains, let’s consider an example. Regarding residential property, there are two types of capital gains tax: long-term capital gain and short-term capital gain. We will now discuss these two taxes.
LTCG (LONG-TERM CAPITAL GAINS)- If you hold a property for more than 24 months, you pay a flat rate of 20% tax on any capital gains. Exemptions are available in this.
STCG (SHORT-TERM CAPITAL GAINS)- If you hold the property for less than 24 months, you will be charged short-term capital gains tax. The government taxes the individual at their slab rate of income tax. If you are in the 30% bracket, then STCG will be 30%. You do not receive any benefits for indexation (i.e., inflation). The amount for which you purchased the property and sold it, the difference will be taxed.
The following chart illustrates and differentiates between long-term capital gains and short-term capital gains.
CAPITAL GAINS ON RESIDENTIAL PROPERTY
STCG
LTCG
TIME
Less than 24 months(2 years)
More than 24 months (2 years)
TAX
@Slab
Flat rate 20%
EXEMPTION
No
Yes
INDEXATION
No
Yes
Capital gain tax exemption:
Furthermore, we will discuss three ways in which you can save on long-term capital gains tax when selling residential property and other assets.
SECTION 54- Under section 54, individuals and Hindu undivided families (HUF) can claim tax benefits on residential property they own. The minimum holding period is two years. It is important to note that only residential properties qualify for this section; commercial properties do not qualify. Next, the residential property must be a constructed property that you are selling. If you are selling the residential plot, then you will not get any benefit from it. If you invest the profits received from the proceeds in the purchase of 1 or 2 residential properties or the construction of another property, you will get a complete exemption from long-term capital gains tax.
The capital gains from selling the property must be put in a new property which can be purchased within 1 year of the sale or within 2 years of the sale, in order to claim tax exemption. Similarly, if you are constructing a property, then for the forthcoming 3 years, if construction is completed, tax exemption will be available for you. Here, you only need to invest the number of capital gains i.e. profits; you do not have to invest the entire amount.
FOR EXAMPLE: Twenty years ago you purchased a residential property for Rs 60 lakhs. And now sold it for Rs 90 lakhs. So 30 lakhs is a long-term capital gain (LTCG). Invest this 30 lakhs in 1 or 2 properties or some construction work; you don’t need to invest the entire 90 lakhs. The maximum capital gain which you can claim is up to Rs 2 crores. This exemption can be claimed once in a lifetime and will be reversed if you sell this new property within 3 years from its purchase date. If you invest this amount into bank fixed deposits or a savings account, this cannot be claimed as an income tax exemption. Banks offer a capital gains account scheme if you wish to claim the tax exemption.
SECTION 54EC- Any individual can open a capital gains account. Any asset like; stocks, mutual funds, bonds, and house property may be used as collateral for this type of account. A 3-year holding period is required, with the ability to invest within 6 months. The maximum amount that can be supported is 50 lakhs, but all must be invested in specified bonds with a 5-year lock-in period. These bonds offer good returns on investment and are available only through this type of account.
SECTION 54F- Now, finally, we come to Section 54F. In this section, any individual or Hindu Undivided Family (HUF) can claim tax exemption on capital assets other than a house property. Such assets include bonds, stocks, commercial property, and plots. The person taking the exemption shall not hold more than one house property. To acquire the asset’s value, you must buy residential property or construct it. This section does not cover any plots. The time limit for claiming tax exemption is 1 year back or 2 years forward if you purchase a property; construction is forward 3 years.
There are some other conditions under SECTION 54F and i.e.;
The entire sale proceeds must be invested. Invest the entire 90 lakhs and not a partial amount or capital gains on which you can claim full exemption. You can only claim a partial exemption if part of the money is invested.
If you sell this new property within three years of its purchase, the exemption will be reversed.
If you want to claim the capital gains tax exemption, invest in a capital gains account. You cannot claim this exemption on a savings account.
In 2000, the late Atal Bihari Vajpayee, the then prime minister of India, initiate a committee to draft new indirect tax law and i.e. GST which stands for Goods and Services Tax. It was launched to replace multiple indirect taxes in India. Such as excise duty, value-added tax (VAT), services tax, purchase tax, octroi, entry tax, luxury tax, and so on. Here, propertywala brings every fact and figure that you should know about GST in real estate.
DEFINITION:
The Goods and Service Tax Act was driven in Parliament on 29th March 2017 but it came into effect on 1st July 2017. It is the only tax that applies all over India and imposes on the supply of certain goods and services. However, GST does not replace customs duty, which is still required on imported goods and services. Different categories of products and services attract different tax rates under GST.
Now, we will go ahead with the GST regime which is given by our Honorable Prime Minister Shri Narendra Modi, In his words, the Goods and Services Tax (GST) is “a path-breaking legislation for New India”. Then, GST is not just a tax reform but a milestone in realizing Sardar Vallabhbhai Patel’s dream of building ‘Ek Bharat – Shrestha Bharat’.
GST APPLICABILITY IN REAL ESTATE:
APPLICABLE –
1. It is applicable to under-constructed flats only. 2. It is because the GST does not cover the real estate sector under its range. Therefore, the tax rate applicable on a property is charged under ‘work contracts.
NOT APPLICABLE –
1. GST does not apply to ready-to-move-in flats, plots, and lands. 2. Upon completion and receiving the occupancy certificate i.e.(OC), the property is categorized as ready to move in. That is why a developer cannot charge GST on selling ready-to-move-in homes.
GST RATE ON REAL ESTATE 2022:
Everyone has a dream of a house. Well! It is fine if you are planning to buy a property. Because buying the right property is one of the biggest achievements in life. So, home buyers in India have to pay GST on the purchase of under-construction properties such as flats, apartments, and bungalows. Before hurrying on to the process, the foremost thing you must ask yourself is,“what is the GST rate on real estate?”
PROPERTY TYPE
GST RATE FROM APRIL 2019
Affordable housing
1% without ITC (Input Tax Credit)
Non-affordable housing
5% without ITC
According to the table, if the property is affordable, the GST rate from April 2019 is only 1% without ITC. Also, for non-affordable housing, the GST rate is 5% without ITC.
WHAT IS ITC?
Input Tax Credit refers to the tax already paid by a person on any purchase of goods and/or services that are used or may use for business. Therefore, it is available as a deduction from tax payable.
AFFORDABLE HOUSING AS PER GST:
According to government norms, housing units worth up to Rs 45 lakhs are referred to as affordable housing in metro cities in which carpet area measures up to 60 sq. meters. The Delhi-National Capital Region, Bengaluru, Chennai, Hyderabad, the Mumbai-Kolkata are categorized as metropolitan regions. A housing unit in non-metro cities barring to be an affordable house, if it costs up to Rs 45 lakhs and has a carpet area of up to 90 square meters as mentioned in the given table.
CITIES
PRICE
Carpet AREA (SQ/M)
METROS
up to Rs. 45 lakhs
60 sq./m
NON- METROS
below Rs.45
90 sq./m
SOME FACTS TO BE NOTED WHEN CONSIDERING GST IN REAL ESTATE:
It does not subsume the stamp duty and registration charges, which you still have to pay.
Seller increases the cost of ready-to-move-in properties to factor in the GST cost. So, overall the under-constructed properties are still cheaper than ready-to-move-in properties.
That’s all you need to know about GST when it comes to real estate.
What are the steps in the process of buying a property?
Let’s first discuss the steps in buying a property. When purchasing a property, the first step is negotiating the price with the seller. To confirm the booking, you must pay an advance to the seller. A builder must first pay a 10% deposit and sign a booking form before purchasing a property. After the buyer and seller agree on terms, they sign a contract that includes a time period for payment (generally two to three months). But this is not a sale deed. It’s important to note the information, facts and details in a sale deed and here’s everything you need to know.
A sale is completed when the seller transfers ownership rights to the buyer. The deed of sale is drawn up and registered with a specific state authority, making it valid.
What is Sale deed?
The deed of sale is a legal and final document transferring ownership of a property. It describes the terms of the sale and is signed by both the buyer and the seller. Depending on its purpose, a contract of sale may also be called a contract of sale or a contract of sale mortgage. A bill of sale is governed by the common law, the Contracts Act, the Transfer of Property Act, etc. It uses certain terms that are standard across all jurisdictions, but certain details relate more specifically to the Indian context such as consideration (usually the same as the amount paid).
Benefits of Sale deed:
Protects Parties – A well drafted deed protects both the buyer and the seller by preventing ambiguity and minimizing legal risks.
Defines The Area – Buyers find it helpful to specify the square footage and locations of properties on paper.
A sale deed is a legal document that concludes a sale. It is enforceable by law.
Clauses / Elements in the Sale deed you should know:
The sale deed includes the following details:
Details of the party – The details of the party include the names, ages, and addresses for both buyers and sellers.
Details of the property– The location of the property, a description of the property, and construction details.
Payment details – Payment details will show you the price of your property. It also lists the payment mode like a credit card (Visa, MasterCard, Discover) or direct transfer from a bank account.
Handing over the original papers of the property and the possession details.
No dues on the property – On the property, no dues, such as loans, tax, liability, and other dues.
Indemnity clause – An indemnity clause in a sale deed provides protection for the buyer’s interests. It is important to draft the document with care to avoid future disputes. Indemnity clauses under the sale deed seek compensation if there are any losses or expenses in the future.
What is the process for executing a Sale deed?
Draft sale deed – To execute a sale deed, you need to first draft a sale deed. This document records all of the property owner’s rights, duties, and interests in the property. This includes encumbrances, liens, loans, taxes, mortgages and deeds for neighboring properties if they do not belong to the same legal entity.
Pay Stamp Duty – Stamp duty is a tax paid to the Indian government on the sale of real estate. It is usually paid by the buyer and varies from state to state. For more details see our detailed video on stamp duty.
Signed – Both buyer and seller must sign the sales deed. This document ensures that they have both agreed to the terms of the sale transaction. The deed must be registered within four months of the date it was signed in order to be valid.
Registered – A sale deed serves as both proof of ownership and an essential legal document required for taxation purposes. It is an affidavit signed by both the seller and buyer. This is submitted to the revenue department when registering property under several tax laws. It must be registered within 4 months of signing the document. If this deadline is exceeded, you risk losing your right to purchase the property.
The seller gives the original documents – The seller delivers the original documents and the buyer pays to execute the sale deed.
The following are the important, procedural, and legal terms you should know about sale deed if you are planning to sell your house.
Real estate is one of the largest industries in India. There are several companies of real estate agents who work as intermediaries between buyers and sellers of property. Finding an agent for real estate can be a difficult task. There are so many qualities and attributes to look for that finding someone who has them all is impossible. However, there are some basic qualities and tips to hire a broker in India.
Here’s what you should know before hiring a broker in India:
Whenever we hire a broker for our real estate transaction, we must list our requirements clearly. For example, what type of property you want, locality, etc. As brokers don’t specialize in the entire area. So, they might show options that they’re selling. So, make it your job to be clear about what you want to purchase.
If you are looking for a best real estate broker, choose a registered one. This will provide you with another level of trust and credibility. The Real Estate (Regulation and Development) Act, 2016 (RERA) requires real estate brokers to be registered with the state RERA authority.
You should always ask about the latest pricing and gauge the broker’s market knowledge. Excelled brokers always know about their localities’ future developments and capital rates. They should have good interpersonal skills and find out how good they are at conversing with clients.
You need to find out how many years they have been in the real estate business, their record on selling the property, the number of deals they cracked, what their credentials and qualifications are if they have experience, etc. Ask all brokers you are communicating with for details on previous clients and speak to the clients so that they can also give their reviews on that particular broker.
Find an agent who will spend enough time with you until you find a property that suits your desires. A broker should understand the nuances and will advise you accordingly.
Buyers need to find a broker who has good intentions and should be thinking about your benefit.
Now you know how to choose a good broker, and this is the end of the best tips to hire a broker in India.
Suppose a buyer and seller get into a sale and purchase of the property. For the sale deed, they must register it in India and pay stamp duty and registration charges.
Who collects Stamp duty and registration charges in India?
As per the Indian Stamp Act 1899 the state government collects Stamp Duty and not the central government. It is different in different states. The state government uses it for building the state’s infrastructure.
Stamp Duty varies with the type of housing and the state in which it is located, and it also varies with the gender of the buyer, and senior citizens get a rebate on registration charges.
Benefits of Stamp duty
Registering a stamp duty makes the sale deed a proper legal document and makes it possible to submit the deed to the court as evidence. In case the document is lost, a duplicate copy can be produced. The buyer has to pay stamp duty at the time of registration.
The buyer generally pays Stamp Duty
Stamp duty in Real Estate?
Stamp duty in Real estate is on Sale deed, Partition Deed, and Lease Deed. If a lease deed is more than 12 months, it must be registered and pay stamp duty, otherwise, generally, lease deeds are for 11 months. Therefore, which means the document of the property is verified by a notary declaring the authenticity of both parties signing the documents.
Delhi Stamp duty
Delhi Stamp Duty charge has been going on since the year 1908, which is a retardation charge.
Like in Delhi, stamp duty is 6% if a property is registered in a Male’s name, 4% if in a female’s name, and 5% if in joint name. This is in case the property value is less than 10 lakh rupees. But if it is more than 10 lakhs rupees, both males and females pay equal stamp duty.
The Registration charge is 1% of the property value.
Owner
Stamp Duty
Male
6%
Female
4%
Joint (Male& Female)
5%
How to pay Stamp duty?
The 3 methods to pay a stamp duty are as follows:
Method 1 –
Non-Judicial stamp paper. If stamp duty is 1 lakh, buy papers worth Rs 1 lakh. You will print the sale deed on stamp paper.
Method 2 –
Franking method – Print the sale deed on plain paper. Pay stamp duty in a cheque, cash, online, or dd draft. Then bank attests to the sale deed.
Method 3 –
E-Stamping – it will mention all details – generated online – Go to Stock holding corporation of India – www.shcilestamp.com. This will be paid at authorized centers. Collect e-stamp then.
When you go to buy a property, you may hear the term carpet area, built-up area, super built-up areas, and so on. This can be confusing for many buyers. Propertywala has put together this handy guide with definitions of these terms.
CARPET AREA
A carpet area in simple words is the area where we can lay our carpet. It is an area in between external walls; it includes rooms, a kitchen, a toilet, a bathroom, and a staircase within the unit. The carpet area excludes balconies, service shafts and common areas. There have been some changes in the carpet area after RERA (REAL ESTATE REGULATIONS AND DEVELOPMENT ACT) came into effect in 2016. The internal walls of a building were not included under the carpet area in earlier versions of RERA, but they are now.
Next, it is important for buyers to determine the carpet area in an approved layout before making a purchase. This can help you understand how much carpeting will be included in your new home. So, before buying a property, ask your builder about the approved layout. And next is to compare two properties based on carpet area only for a clear understanding of the rate.
FORMULA TO CALCULATE THE CARPET AREA
The total area of the inner wall and floor is the carpet area.
BUILD-UP AREA
The built-up area refers to the entire area covered by carpet plus inside weight-bearing walls and outside walls if any. The term included areas that refer to external walls, attached balconies, verandahs, a service shaft area, and a servant room. Excluded areas are terraces, and common areas like lifts and stairs, etc. The walls of adjoining apartments will be factored into the building of your apartment at 50% of its build-up area. Built up area generally is approx. 10% higher than the carpet area.
FORMULA TO CALCULATE THE BUILD-UP AREA
The built-up area of a building is the total floor space, including carpeting, walls and balconies.
SUPER BUILD-UP AREA
When you purchase a property, you will hear about the term “super built-up area”. It means the build-up area of a flat and pro rata common area. For example, the total common space is 8000 sq feet among 8 flats in a complex, so the pro rata common area of a single apartment will be 1000 sq feet. Therefore, the common area includes built-up space like a lobby, lift shafts, staircases, pipe ducts, air ducts, and other covered common facilities. And the area which is not included in the common area is the roof terrace and open areas like parks and play areas as well as driveways. The approximately super built-up area is 25% higher as compared to the carpet area. Generally, it varies from 20% to 40% of the carpet area.
FORMULA TO CALCULATE THE SUPER BUILD-UP AREA
To convert the super built-up area into carpet area, calculate the loading factor, and subtract that from the Super built-up area.
LOADING FACTOR
The difference between the super built-up area and the carpeted area is referred to as the loading factor.
Therefore; Carpet area * (1- loading factor) = Super Built-up area
CALCULATION EXAMPLE OF SUPER BUILD-UP AREA
Let’s assume, the super built-up area of an apartment is 1,200 sq. ft. and the carpet area is 1,000 sq. ft.
1,000 X (1-loading factor) = 1,200
1- loading factor = 1,200/1,000
1- loading factor = 1.2
Loading factor = 1.2 – 1
So, the answer is 0.2 or 20%. As a standard, It is always in percentage.
IMPORTANT FACT TO KNOW BEFORE PURCHASING A PROPERTY
For your information, section 61 of the Real Estate Regulatory Authority Act (RERA) stipulates that promoters can be fined up to 5% of the total cost of the real estate project for giving false information or selling on the super area. It should be sold in the carpet area.
When you start your property search, you will be amazed by the extra charges involved in buying a house or investing in property.There are two options: buying a ready-to-move-in property or an under-construction property. However, most people prefer to buy a ready-to-move-in property because it is less risky than an under-construction one. So, let’s assume that a property is coated at Rs. 3000 per square feet—this is its basic rate—but there are also other charges on top of that which people often fail to consider and which can be more than 40% to 50%. Let’s discuss all the additional charges so that you can make an informed decision about the total price of any given property before agreeing to purchase it.
Let’s look at an example:
Suppose a property’s basic price rate is Rs. 45 lakhs. When we make the final payment for this property, it will be around Rs. 58 – 67.5 lakhs—which includes the basic price of the property and the extra other charges when you buying a house. We will discuss all these charges in detail below:
First comes the basic charge. It is the charge excluding all the extra charges. Before RERA Act came into force, properties used to be sold on the super built-up areas; after the enactment of the RERA Act, properties are supposed to be sold based on the carpet area. For example, if the property has a carpet area of 1500 square feet and the rate per square feet is Rs. 3000, then its total basic cost would be Rs. 45 lakh. And this is just the basic cost; you will also have to pay multiple charges on it, as mentioned below.
PLC (PREFERENTIAL LOCATION CHARGES) –
Property taxes are charged according to the property’s location. Like; a corner flat, park-facing, sea-facing, lower floors, or higher floors. For example, sea-facing view residences have higher PLC charges than non-sea-facing. Therefore, if you own any such property there is a PLC charge coated. Generally, PLC charges are Rs 150-200 per square feet.
PARKING CHARGES –
When you purchase a property, you will pay a parking fee of 5-7% of the base price of the flat. For example, if you purchase a property for Rs. 45 lakhs, you will be charged Rs. 2 to 2.5 lakhs for the parking facility.
INFRASTRUCTURE DEVELOPMENT CHARGES (IDC) –
An infrastructure charge usually consists of complete internal infrastructure within a complex. For example, water and electricity supply, as well as sewage treatment plants may be charged separately. Developers usually charge these services together because it costs less to do so. However, if we add them together in one place according to IDC’s input-demand curve, there will be an IDC charge added at around 6% of the base price of the flat or house.
EXTERNAL DEVELOPMENT CHARGES (EDC) –
In some cities, there is also an external development charge. For example, in Gurgaon and Faridabad. This charge goes to the government and includes the infrastructure of a complex—for instance; road facilities, sewage, water, and electricity. The EDC charges are applied to all these expenses so it is approx. 5% of the base price of a flat. The total cost of IDC and EDC ranges from Rs. 300 to 400 per square foot.
CORPUS FUND/ IFMS –
Builders collect corpus funds, also called IFMS. It is interest-free maintenance security, similar to an emergency fund, and not like regular monthly maintenance. To purchase a property costing Rs. 45 lakhs, builders can collect from Rs. 50,000 to Rs. 1,00,000.
POWER BACK-UP –
The power backup charge is provided on an kWh-basis for each flat in the complex. Backup is available from 3KVA to 5KVA, ranging from 1 lakh to 1.5 lakhs.
AMENITIES AND CLUB CHARGE –
These charges apply to luxury flats with a clubhouse, swimming pool, and gym. The developer will charge you for these amenities at a lump sum of Rs. 50,000 to Rs. 1.5 lakhs.
STAMP DUTY AND REGISTRATION CHARGES –
In this case, stamp duty varies from state to state. So you must pay the stamp duty according to the state. Therefore, stamp duty and registration charges are 5-10% of the property value.
GST –
In an under-constructed property, both stamp duty and GST are levied where GST is 18% on ⅔ of the property cost. Therefore, the effective GST rate is 12%. It is the payable tax and added as a extra other charges before buying a house.
BROKERAGE –
Most resale property or ready-to-move-in property transactions are closed through a real estate agent or broker, who typically charges 1% to 2% of the property’s final value as a fee.
We’ll discuss some of the main points on the entire process of registration of a property in India. Although this process is quite complex, it may require a lot of time and effort by the registry office to complete. So let’s start the process of registering a property in India with propertywala.
The first step is to choose the property and look for all the details in the property. Negotiate with the seller. Pay 10% booking amount. Then we have an agreement to sell.
Buyers should check that there are no liens or other encumbrances on the property before they make an offer.
Calculate Stamp Duty. Stamp Duty is the tax levied on the transfer of real property in the state. Stamp duty rates vary from state to state. It’s calculated either on the circle rate or on the market rate, whichever is higher. It’s generally 3-10% of the property value and 1% is the registration charge.
There are three methods for paying stamp duty, as follows:
Method 1 – Non-Judicial stamp paper (picture). If stamp duty is Rs. 1 lakh, buy papers worth Rs 1 lakh, where sale deed will be printed on an official stamp paper.
Method 2 – Franking method – Print the sale deed on plain paper. Pay stamp duty in the cheque, cash, online, or DD draft. Then the bank attests to the sale deed.
Method 3 – E-Stamping (picture) – it will mention all details – generated online – Go to Stock holding corporation of India – www.shcilestamp.com. Payment will be made only at authorized centers. Collect e-stamp then.
HOW TO CALCULATE STAMP DUTY:
Now, buyers should also be aware of the Stamp duty calculation. They should also know that this tax is payable when they register their property.
For example, if the actual value is Rs. 40 lakhs and the circle rate is Rs. 50 lakhs, then you have to pay stamp duty at the highest rate out of the two. Hence, in this example, because the circle rate is greater than the actual rate then you have to pay a stamp duty of Rs. 50 lakhs.
And in another case, let’s assume that you bought a property in India with a market value of Rs 90 lakhs and the circle rate was Rs 80 lakhs. In this case, you would have to pay a stamp duty of Rs 90 lakhs. Therefore, you can calculate your stamp duty. In addition, you can also estimate stamp duty online because it varies differently and is higher in large cities and towns than in small towns or cities.
5. The next thing is a draft and print sale deed or conveyance deed, or gift deed. It mentions all details like name, address, age of both the buyer and seller, etc. It provides details about payment, including through cheque, cash, or any other method. After that, you have to print the sale deed on stamp paper and then sign each page of the sale deed. Two witnesses also have to sign the last page of the sale deed.
6. After drafting and printing the sale deed, you must register it at the sub-registrar office. The office should be located in a fixed zone of your property’s locality. To schedule an appointment online or to obtain a token number, contact the sub-registrar office by phone or in writing. Both buyer and seller should attend the registration; witnesses should be present as well. If either of them cannot attend, they must appoint someone to act on their behalf with power of attorney. All parties should bring documents such as an Aadhaar card and an identity document. Three photographs will be attached to the sale deed, and both buyers and sellers will be asked to sign their names in the presence of a sub-registrar. Fingerprints will also be taken for security purposes.
7. After that, you have to collect the registered sale deed. The deed can be collected within 15-20 days. If you took a bank loan, the bank will collect the original deed.
8. Now that the registration process is over and the property transfer is complete, you need to change the name in the land records. This process is called a mutation. If your property is located in a rural area or outside municipal limits, you will have to change the name in land records. The mutation has different names in different states. For example Jamabandi in Haryana, Punjab, and Rajasthan; Khatauni in Uttar Pradesh; 7/12 in Gujarat and Maharashtra; and Khatian in Orissa, West Bengal, and Bihar. After you register your property, the whole process of registration of your property is completed.
India’s wealthiest truly have luxurious tastes and live in prestigious residences with unique names, unexpected architecture, elegant interiors, and first-class services. Here, we’re showing billionaire homes. So, if you are eager to know which of these billionaires of India live in the most expensive houses then you are on the right way. Read on propertywala as we take you through the list of India’s 5 most expensive houses.
1. MUKESH AMBANI’S ANTILIA:
Reliance Industries Limited chairman, a business tycoon, Mukesh Ambani is one of the wealthiest men in India. His luxury house comes on the top list ofIndia’s 5 most expensive houses. Therefore, a man who currently holds the title of 11th richest person in the world lives in Antilia, the most expensive private residence in India.
Let’s know about Antilia’s house:
It is located at Altamount Road, Mumbai, Maharashtra
The area of Antilia (in sq. ft.) is 4 lakh sq. ft.
Total no. of floors 27.
Mukesh Ambani’s house has approx. 600 staff.
Other vital features: 9 high-speed elevators, a Private movie theater, 3 helipads, a hanging garden, an ice-cream parlor, a salon, and a gym. Apart from this, there is a parking space for 168 cars with 6 floors of car parking.
The price of the house is approximately 15,000 crores.
2. GAUTAM VIJYAPAT SINGHANIA‘S JK HOUSE:
The chairman and Managing Director of the Raymond Group, the world’s largest producer of suiting fabric. He has a mansion that is called JK House, which will be a combination of a private residence and a textile showroom.
The location of the house is Altamount Road, Mumbai, Maharashtra, located next to Antilia.
The area of the house ( in sq. ft.) is 16,000 square feet.
The total no. of floors is 30.
There are 6 Parking floors.
Some other features: 2 swimming pools, a spa, a gym, and 1 helipad.
The price of the house is 6000 crores.
3. MR. ANIL DHIRUBHAI AMBANI’S LUXURY HOUSE ‘ABODE’:
A top businessman in India and the Chairman of Reliance ADA Group Mr. Anil Dhirubhai Ambani’s property offers luxurious and 7- star hotel amenities. This luxury villa is known as Abode.
Let’s have a closer look at this magnificent property:
It is located at Pali Hill, Mumbai
The area of the house ( in sq. ft.) is 16,000 sq. ft.
The total no. of floors is 17.
Other vital features are: a swimming pool, a gym, 1 helipad, parking space, and a lounge area displaying Ambani’s car collections.
The price of the house is 5,000 Crores.
4. MR. KUMAR MANGALAM BIRLA JATIA HOUSE:
Jatia House is also one of the most expensive houses. It is owned by the chairman of Aditya Birla Group, Mr. Kumar Mangalam Birla, a Chartered Accountant.
Jatia House is located at Little Gibbs Rd, Malabar Hill, Mumbai.
The area of the house (in sq. ft.) is 30,000 square feet.
There is a total of 3 floors.
Some other features of Jatia House are: a grand garden, a small pond, a central courtyard, and 20 bedrooms.
The price of the house is 425 crores.
5. SHAHRUKH KHAN’S MANNAT:
The King Khan of Bollywood, Shahrukh Khan is one of the most loved stars in the Hindi film industry. His house, Mannat, is a famous landmark in Mumbai city. His house looks very glamorous and has become a tourist place for his fans.
The address of the house is Mannat, Land’s End, Bandra (West), Mumbai.
The area of Mannat (in sq. ft.) is 27,000+ square feet.
There are 6 floors.
Other vital features in Mannat are multiple bedrooms, living areas, a gym, pool, library, a private movie theater, Shahrukh’s office, an impressive terrace, and a bar.
The house price is estimated to be around Rs. 200 crores.
Land records information on the ‘banglarbhumi.gov.in’ portal not only helps users save time and effort, but it also helps the Revenue Department to offer more transparency.
Located in the eastern part of the country West Bengal has become one of the most developed states. Of course, it makes sense to buy property in West Bengal as it can really help you make a smart investment. If you want to buy land, one of the most important things is to check the land records. There have been cases of fraud where people have been caught in making fictitious transactions. Anyone could have avoided such transactions simply by consulting the land records.
If you have chosen a plot for investment, you have to check the land records and registration. However, now you do not have to visit government authorities to check land records. With Banglarbhumi, you can check the land records by a few clicks.
With this website, you can find a lot of other information that will be extremely useful and practical for the people of West Bengal. On Banglarbhumi, you can find detailed information about the registration of a particular property in West Bengal. You can find information like owner’s name, plot number, land area, property value and much more.
What is Banglarbhumi?
In West Bengal, documents related to land and real estate are available online through Banglarbhumi 2022, also known as Banglarbhumi. If you have land in West Bengal and want to see all the details of your land then Banglarbhumi can help you out.
This website has been launched by the West Bengal Land Registration Ministry to help people easily see all the information related to their land. Detailed property information such as owner name. Property area/size, plot number, and value of property is available on the Banglarbhumi website. This portal reduces user effort and also helps the Department of State Revenue provide greater transparency.
The main services provided by the portal are: Conversion application, Plot maps and related information. ROR application, mutation application and related information, ISU administration, Thika ownership, land allocation, etc. In this article, we have discussed all the important points related to this website which can help you understand things better.
Services available at Bangalarbhumi.gov.in
Before proceeding, please review the services available on the Banglarbhumi Land Information and Registry website. Some of the services are.-
– Online land records/Bhulekh West Bengal/ West Bengal land record search by name – Digitization of maps and records – ROR application – Training (ARTI and LMTC) – ISU management – Land distribution – Thika tenancy – Rent controller – India and Bangladesh border demarcation – The state administration for land use
What is RoR?
RoR (Record of Rights) are records that contain information about how the owner acquired land rights. It also contains detailed records of all property-related transactions over time.
How you can register on Banglarbhumi website?
If you have previously used the Banglarbhumi website. You will need to log in with your credentials in order to use the citizen services. To use the online citizen services, citizens must have to register on the portal at “https://banglarbhumi.gov.in/BanglarBhumi/Home.action”. Follow the given steps for registration.
– Simply visit www.banglarbhumi.gov.in – On the top click on the ‘sign up’ option. – Now create your Bangla bhumi profile and log in to “‘Citizen Services” as a “citizen”. – The public registration Bangla bhumi form appears. – In the form, fill all mandatory fields, such as name, guardian name, address, email address, PIN code, municipality, PS, district. OTP received via email with ID and phone number, password and verification details. Finally click on ‘Submit’ for successful registration.
If you are a department user, then visit “citizen services” and click on “Department User”. Also enter your username, password and fill in the captcha data.
Types of forms available on Banglarbhumi and how to download them?
There are several types of forms available on the website.
Application for Mouza Map Application for Mouza Map Mutation_Application_Bengal Declaration for Mutation Mutation application form Application for Dumdum cantonment land Form 1(D) Application for Post-facto conversion Lease of Tea garden in Retained land Affidavit for Conversion Application for Conversion Application for Conversion
To download the forms, click on the ‘download’ option and select the desired Banglarbhumi form by clicking on the appropriate PDF file. The forms are available in both English and Bengali language. Or you can simply visit “https://banglarbhumi.gov.in/BanglarBhumi/Forms” and select “Downloads”. A new web page opens with a list of forms, further download the desired form.
How to View Land Records at Banglarbhumi website?
Follow these simple steps to view land records in the state of West Bengal. To access West Bengal khatian & plot information in West Bengal visit Banglarbhumi website. You do not need to register to receive this information. Follow the below steps.
– Visit Banglarbhumi’s official website ‘banglarbhumi.gov.in’. – On the top right corner of the homepage, click on the button “Know your property” option. – Select the following- District name, Block, Mouza – There are two search options in land registers: Plot and Khatian – Fill all your details. – Enter the captcha code. – Finally click on the “View” button to view the land records.
Check Land Records if you have a Query Number
Follow these steps to find the details of the plot using the application number.
Visit the Banglarbhumi portal, on the top right corner click the “Query Search” button. A web page is displayed on the screen. Now complete the details like Query number, Question year, and Captcha code. Finally click on the ‘Show’ button. Your information will be displayed on the redirected page.
What is Mutation Application and how to file it?
Mutation is the transfer of property from one person to another through the sale or transfer of property. Mutation can only occur after registration of ownership.
The mutation application form is available on Banglarbhumi online portal. Users must fill in all the required data correctly, otherwise the application request can be rejected. Once the application form has been submitted with the relevant data, an application number will be generated for the user which will allow them to check the status of application.
Process to fill Mutation Application
– Visit ‘banglarbhumi.gov.in’, login to your account, click on “Citizen Services” and then go to the “Online Application” tab. – The list is displayed. – Select the ‘Mutation Application’ option. – Fill in the basic details of applicant, Particulars of Transferer, List of Enclosures, upload the necessary documents. Finally click on the “Submit” button, a reference number will be generated.
If the fee is paid via “online mode” the case of mutation number will be registered quickly. If fees are paid using ‘counter payment’ option of GRIPS. Then you can confirm your payment and register your case using the Application- GRN Search from Online Application option.
How you can pay the fees?
After registering, you can pay the fee in the “Online application” menu and click on “Pay fees” option. Then fill the Request type, Application number and click “Next” for payment options.
Check the status of a Mutation application
Follow these simple steps to check the status of your mutation application.
– Go to the Banglarbhumi’s official website – On the homepage, click on the “Citizen Services” option. Further click on ‘Mutation Status’. – There are two options for searching for mutation status: “Deed wise search” and “Case wise search”. Choose the desired option. – Further choose the Mouza, District name, and Block. – Finally click on the “Search” button.
How to check Mouza details on Banglarbhumi portal?
A user can easily check the status of Mouza application by given steps-
– Simply log in to ‘banglarbhumi.gov.in’ official portal, on the homepage click on “Mouza Information”. – A web page opens, now select the district for Mouza. – The Mouza information will be displayed.
How to easily Fill a Land Conversion Application?
If you want to fill a land conversion application then simply follow these given steps.
– On the homepage of Banglarbhumi portal, click on the “Online Application” option. – Select the ‘Conversion Application’ option and fill in all the required details such as district name, block, police station, mouza details. Also fill other details like Jurisdiction List No., Khatian No., Area of the Plot, Plot No., and existing classification of the plot. – After confirming the required details, click on the “Submit” button. An application number is generated once you submit the application.
Documents required for Land Conversion application on Banglarbhumi?
Land Conversion requires several documents, following are some of the documents.
– Sketch map of the property and its surroundings (at the entrance from the road) – Receipt of rent. – NOC from the West Bengal Pollution Control Board. – Current record-of-rights. – An affidavit stating creation of alternative/compensatory water resources. – Mutation certificate. – Detailed project report (DPR) reviewed and approved by the competent authority.
File and Submit Public Grievances or Complaints on Banglarbhumi
The Banglarbhumi website also allows the user to submit their comments or complaints online. Follow the steps below to submit your comments online on Banglarbhumi Portal.
– Visit the official website of West Bengal Department of Refugee Assistance and Rehabilitation and Land and Land Reform (banglarbhumi.gov.in). – Click the “Public Grievance” option in the upper right corner of the official then select “Grievance Application” from the menu. – Now fill the required fields, fill the captcha and click “Submit”. By this way you can easily file complaints on Banglarbhumi online portal.
How to check status of Grievance Application on Banglarbhumi?
You can check the status of your request after submitting a complaint request on the Banglarbhumi portal,
– Go to Banglarbhumi’s official website, then click on the “Public Grievance” option. – From the drop-down menu, select “Grievance Status/Description”. – To see your report status, enter your username and captcha and click “Show” option.
In conclusion, we note that the Banglarbhumi portal (banglarbhumi.gov.in) is an attempt to provide digital services to the citizens. The portal allows the user to get information about Mouza, mutation services, search for properties, and handle complaints.
FAQ-
How do I request certified copies?
On the ‘banglarbhumi.gov.in’, this request will be displayed in the ‘Service Delivery Option’. Select whether you want to receive a certified copy of ROR, land information from WB Land Information. Then it will ask your details and then take you to the payment gateway. Further make the payment and complete the process to get certified copies.
Does the mutation fee vary on land?
The mutation charges or fees varies according to type of land. The mutation fees is different for non-commercial land, non-agricultural land, commercial and industrial land, or agricultural land. It also depends on location, rural area, and municipal areas under Kolkata Metropolitan Development Authority (KMDA) jurisdiction.
How online land records have boosted real estate in West Bengal?
The advantage of online land record is that you can check the land records and find out all the details about the land. You can also check if the land has any outstanding obligations that may bother you after the investment. In general, Banglarbhumi has only advantages and contributes to greater transparency in land investment. It has also boosted the real estate market in West Bengal as many people have trust on land records due to the availability of land records over the government portal.
What are some other services offered in Banglarbhumi?
The ‘banglarbhumi.gov.in’ portal offers several services in addition to the ability to view property information. By using the website, you can take advantage of various citizen services, but to do so, you must first create an account. By creating an account, you will be able to use all citizen services like Digitisation of maps and records, ROR application, ISU management, Land distribution, Thika tenancy, etc. You can also file a complaint by public complaints or public grievance option. It is undoubtedly the best government portal in India integrating government services with land registration information for West Bengal citizens.
How do i search mutation status by deed wise?
You should enter the correct document number and document year, if you prefer to check the status of your mutation case using the deed wise search option. Finally, click the “Submit” button to view Plot Khaitan land ownership status using the capture option anytime, anywhere.
Banglarbhumi: Thika tenancy on website
The West Bengal Land Ownership (Acquisition and Regulation) Act, 2001 allows owners to acquire shares in land constituting such property for the development and fair use of such land. The Kolkata authorities cover 100 wards of Kolkata Municipal Corporation.
Planning to buy commercial property in Noida? In this article, we have summarized some important factors that can not be ignored when investing in commercial real estate. Commercial real estate provides an attractive return on investment by creating multiple sources of income within the same category. In a thriving city like Noida, investing in the commercial segment contributes to a strong diversification of the investor portfolio. However, there are many things you need to know before investing in commercial real estate.
Factors before you buy commercial property in Noida!
1-Budget PLANNING–
Every real estate investment comes with a big capital and therefore requires careful planning. Do not start researching your property until you have the right budget that determines what type of property you can buy. Once you are sure of the locality, allocate your budget to the purchase. Put a buffer with at least a 30% on what you are planning, as there are always extra costs. This will help narrow down the commercial business opportunities available to you. In case you can not get the full investment amount, there are usually options for a small payment along with a mortgage for the remaining amount.
2-Property Location-
The most important aspect to consider is where your commercial property is located and how economically profitable the locality is. The location of your business is the most important aspect for its overall success. Both capital gains and rents are determined by the location of the property. The property should be situated in a safe, green and ideal area for your customers.
Investing in a developing area will be a plus point and give a higher return on investment than in an already developed area. While other factors may be compromised, the location factor should be a must in your decision making process. In addition, the area must be well connected so that travel is not a problem for your customers or employees.
3- Check the legalities-
If you are a newbie then it’s better to consult a property lawyer. A good lawyer will ease the litigation process and ensure that your commercial property is free of any legal issues. This is something you don’t want to deal with later. The tenant or buyer can renegotiate or evict you or even sue you if there is a dispute regarding your property. So, before you buy commercial property in Noida make sure that there are no legal consequences for your property.
4- Structure of lease-
Analysis of the rental structure can provide great benefits in the long run. There are also closing periods where tenants cannot leave the premises. Try to formulate a lease structure that works for you. The longer the lock-in period, the more stable your rental income source will be.
5-Additional Charges-
Generally these are the charges that are spent on the operation and maintenance of the property. Additional charges can drain your profits if you do not take them into account and allocate money in advance. These charges are often not mentioned directly, many people make the mistake of not including them in their budget plans and end up suffering. There are various types of hidden fees such as GST, parking fee, renovations, broker fee, preferred location fee, stamp duty and registration fee. These costs usually recommended to discussed in detail when concluding the contract.
6- Security deposit-
Security deposits for commercial leases are very loosely regulated. This way, owners can charge what they deem appropriate and use the deposit they deem appropriate (even charge interest on the payment). Requiring a deposit also a method used by landlords to cover the risk of a tenant not paying rent on time. If the tenant fails to pay rent, the landlord can deduct funds from the deposit to maintain income, at least for a short time.
In most cases, the deposit after you move out of the property is used to pay for any damages that may have occurred before a new tenant moves into the property. If the landlord uses the deposit to pay compensation after the end of the lease, they will give you a receipt.
7- Find ideal Tenants-
Once you have bought commercial property in Noida, now it’s time to get an ideal tenant. Find your ideal tenant by determining the location and budget of the property. Whoever you choose as your tenant can play a big role in increasing or decreasing the value of your property. Ideally, multinational companies can be good tenants because their presence in your property adds value. A good tenant not only pays rent on time, but also makes large deposits and is more likely to stay longer. A good tenant should have a healthy track record of on time payments, a positive credit report, and a stable source of income. They should have good references from past landlords, and there shouldn’t be any history of eviction or dangerous behavior.
8- Diversify your portfolio-
Commercial real estate is not free from risk and loss. However, investing in multiple properties in different localities can reduce income volatility, which means less risk. By diversifying your investment across different localities, you can take advantage of ups and downs in different markets and protect your money from a major correction in a particular market. If all your properties were in the same market and that market suffers a slowdown, your portfolio would suffer losses. Therefore, if you have enough funds, then try to diversify your investments.
Conclusion-
Remember that there is no universal rule for investing in commercial real estate. You need to do proper market research before making a final decision. So in order to buy commercial property in Noida, you need to consider all the above factors.
Planning to renovate your home? Here are some common home renovation mistakes that can lower your property value. Home renovation is a serious and expensive investment that should not be taken lightly. Many homeowners, when trying to renovate their home, tend to add too many personal items to the space. However, what you love so much about your home will not necessarily attract a potential buyer. In fact, it may even become their main source of disgust. Home renovation is supposed to increase the existing value of the home, but sometimes it can affect the resale price. Therefore, greater attention to market preferences when renovating a home becomes necessary to get a profitable business when selling.
Some common home renovation mistakes are-
Over Customizing:-
When renovating a home, many may overdo it with customization. People spend way too much on renovations to make sure everything looks according to their needs. Not all customization is good and comes with a number of drawbacks that can turn off potential buyers. Whether it is paint color, flooring, lighting, carpets, etc. Sometimes over-customization can affect or reduce the value of your home.
Overdoing textures:-
In the case of painting a normal wall several processes like sanding, base coating, gap filling, etc. are involved. Hence, to save extra money from sanding and sealing rough walls, many people cover them with textured items such as wallpaper and textured paint. Removing texture or wallpaper can be a daunting task, and most home buyers will refrain from buying a home with an upcoming project or low price. Therefore, overdoing texture can deter buyers.
Changing rooms layout:-
Sometimes to increase area many people combine two bedrooms in order to make a master bedroom. Increasing space is not a bad thing if you are not planning to sell your house. However this decision can backfire if you are planning to sell your house in upcoming days. Most home buyers want separate bedrooms for their children or parents. If you combine two small bedrooms into one, then it can be difficult for you to find a buyer and even get a fairly low price from them.
Installing additional electronics items:-
Having an embedded electronic system is rapidly gaining popularity among the buyers. From home theater systems, Alexa, and built-in music speakers, many people are now installing high-tech built-in electronics in their homes. However, the potential buyer may not be a big fan of such electronics items, and all your renovations can be considered a waste of space. Try not to take up a lot of space in your home, but instead make sure your target customer can enjoy it. This is one of the major home renovation mistakes that most people ignores.
Doing things on your own:-
Instead of consulting a professional help, many people tend to repair or renovate their homes by themselves. DIY renovations can include changing curtains, changing direction of shelves, rearranging beds, sofas, etc. However things can go bad in case of major renovations like electrical fitting, painting, plumbing, false ceiling installations, etc. DIY major renovations can result in decidedly poor craftsmanship, resulting in lower value for the home. A little personalization work is good, but the construction and repair of a house should be left to professionals. Buyers can quickly point out poor craftsmanship, and you may have to pay extra to have it repaired or see the overall value of the home fall.
Too bright or bold Paint Colors:-
Too many bright or bold paint colors can turn off any buyers thus, resulting in no sale. It is a simple but important decision to repaint a room before putting your home up for sale. While painting, select neutral colors to give buyers a blank canvas which can assist them in visualizing the home in their own style.
Conclusion-
There are many more home renovation mistakes, such as developing a swimming pool, renovating only the kitchen or bedroom, and installing a fancy bathroom that can reduce the cost of your house. You need to calculate and avoid over-customization when you need to renovate your home. If you are planning to sell your property in the near or distant future, be sure to avoid these mistakes when renovating your home.
Planning to invest in real estate in India? Before you get started, you first know the types of real estate investments available in the Indian market. Real estate investment is considered as one of the most profitable businesses. Sometimes a property may bring instant cash in rare cases, such as a sudden increase in value due to market reasons or due to the unique location of the property. While in some cases an investor has to wait a long time for the land or property to increase in value. The demand for real estate has increased markedly compared to the supply in the current market. Thus, making this the perfect time to start your investment.
Some types of real estate investment in India are-
Raw land-
Raw land usually refers to undeveloped land or agricultural land. Many investors saw this as a good investment because it is tangible and has limited resources. In addition, buying land will save you from the hassle of repairs and the worry of theft or damage to property. Compared to buying a house or warehouse, land can be a much cheaper investment. The main disadvantage of this, however, is that it can not generate revenue alone.
Residential real estate-
Residential properties refer to any property used for residential purposes. These include independent homes, apartments, and duplexes. Residential real estate is ideal if you want to build your dream home or start a family. Real estate in the form of apartments is still in high demand due to its convenient location and access to nearby important locations such as shopping malls, hospitals and shops. In terms of profitability the residential real estate is a good investment option.
Commercial real estate-
Commercial property refers to any real estate whose primary motive is to provide business operations and services. Generally these properties include residential complexes, office towers, petrol pumps, hotels, hospitals, parking lots, etc. In this types of real estate investment in India, the investors are usually entrepreneurs or business owners who want to build their brand in a specific location or want a workspace for their employees. In this type, most of the profits are generated from rental income of the property.
Industrial real estate-
Industrial properties are defined as all areas, buildings and other objects on which industrial activity is carried out. These include warehousing, production, assembly, manufacturing, research and distribution of goods or products. The zoning laws usually specify in which areas of the city these facilities can be designated. So that they do not interfere with residential areas and other nearby areas while in operation.
REITs-
The Real Estate Investment Trust (REIT) manages or owns commercial real estate that generates income. REITs are one of the most effective assets in the real estate market, which can fetch you a higher return on investment. You can select different types of REITs to get the most out of your portfolio. Such as office, retail, healthcare, and housing. One can invest in these companies through an exchange traded fund or an investment association. The special thing about this type of investment in real estate and land is that they benefit from the state’s exclusive tax treatment, and the income that the investor receives is higher and easily converted into cash compared to other forms of investments.
Conclusion-
Real estate is without a doubt an attractive investment. However these different types of real estate investment in India come with their own risks and rewards that an investor should carefully consider before investing. There are several real estate options on the market, residential real estate is still one of the most popular options. One should not take an impulsive decision because the amount involved in real estate investing is huge. Many realize the economic benefits and reap the rewards in the long run.
Buying a home with a single income can be challenging and daunting task for some home buyers. Even if you buy your first home, it is a good option to own a home with a single salary with a little financial overview. Since you need to spend a significant amount of money to invest in real estate, there are many factors you need to consider to ensure a good return.
Different home buyers have different intentions of investing in real estate. For some people, it may be a dream home that they would like to buy. While for others it may be a profitable investment for the future. Therefore, it is more important to understand your needs when investing in real estate. Here are some important points that can help you buy a house with only one income.
5 Tips to buy your dream home with a single income source!
Budget-
The first tip is to evaluate and complete the process of estimated budget. Properly examine the market value of property you are planning to buy. For example, if you are looking for a 2-bedroom apartment, research the prices for such projects from different builders. Also look for estimates of additional costs such as interior and maintenance costs. This will give you a rough estimate of the required budget.
Down payment and Credit Profile-
In India, the government allows a maximum loan of 80%, which means you have to put a 20% down payment for your home. You should start saving as soon as possible if you are planning to buy your dream home. Another tip to buy your dream home with a single income is to maintain a decent credit history. Here are some tips to help you maintain a good credit history:
– Make sure to pay off all previous loans before applying for a home loan. –Try to avoid any expensive purchases before applying for a loan. A purchase before applying for a loan should not exceed Rs. 64,000. – Maintain a good credit score by paying your credit bills on time and also try to make your debt to income ratio.
Location-
Location is an important factor in determining the value of your investment. In real estate, investing in a perfect location is the most important step. This could be your hometown or the place where you work. Generally remote locations will be cheaper than locations in a thriving city. Therefore, depending on the purpose of your investment, choose the place that suits you. If you prefer living in a quiet and green area, away from the noise of the city, consider buying a house or land in the suburbs. However if you like living a modern lifestyle close to your workplace, then invest in an affordable apartment.
Co-borrower or guarantor-
Having a co-borrower or loan guarantor can sometimes help you overcome the loan process hurdle in case you do not have a very long credit history. When assessing the application, the lender will take into account the co-borrower’s credit history, assets, and income. Your co-borrower not only helps you apply for a loan, but also helps you get the best loan terms. Thus, helps you buying your dream home with only one income source. Be aware that your co-borrower become responsible for the payments and hold a joint title of the property with you if you do not pay off the loan amount.
Adequate Market Analysis-
Knowing the latest market trends, interest rates, prices, and policy changes will enable you to understand the market situation and accordingly plan your investment. You should conduct a proper analysis of the market trends to protect yourself from any real estate fraud. Compare and find out pros and cons of different types of real estate. You should not blindly trust any agent or broker you know. Always seek a second opinion from a certified real estate consultant before committing to a financial transaction.
Government Policies-
Keep an eye out for changes in government tax policies, home loan policies, interest rate fluctuations and other government exemptions. Checking the policy changes is crucial when buying home with a single income to avoid major problems. Check the applicable property rules set by the government so that you are well informed about the necessary legal procedures. In India, for example, real estate must now be registered under the RERA Act, which protects the rights of the buyer and provides greater transparency in real estate transactions.
Choose best EMI plan for you-
EMI tenure is probably the most important factor to consider when applying for a home loan. Check how much you can afford to pay each month on a mortgage. For your family to function smoothly, the EMI of home loan should not exceed 40% of your net income. Consider increasing your EMI for a shorter loan period if you have additional sources of income in addition to your monthly salary. According to real estate experts the best term for a home loan is around 15-20 years.
Property type-
It is important to decide the type of property in which you are investing.The price of properties varies and depends on size, location, age and type of property. In addition, prices will vary depending on the number of rooms, facilities and the quality of the materials used. Investing in a ready to-move-in apartment or an existing apartment is a great way to generate monthly income. Since you can rent them out easily after buying the property. On the other hand, under construction projects will cost much less than the cost of completed projects in the city.
Conclusion-
So, these are some important points that you should remember before buying your dream home with a single income. The Indian real estate market is saturated with several types of real estate, ranging from apartments, plots, villas and commercial premises. According to real estate experts, preliminary market research can help you focus on the ideal property.
REITs buy and develop real estate primarily for the purpose of using it in their investment portfolio. REITs or Real Estate Investment Trusts are companies that own and operate properties for the purpose of generating income. Unlike other real estate companies, REIT does not build real estate for resale. These are the companies that manage portfolios of high end properties and mortgages. People can participate in large real estate revenues through REITs.
What is Direct Real Estate Investment?
Direct investment in real estate means buying a particular property at a stake or the acquisition of property from a particular person. This implies a significant share in an asset, whether it is a shopping mall, an office building or an apartment. This type of business allows investors to generate income by rental investment. It even allows you to monetize the valuation of the assets you own. As the price increases over time, you get a significant return on assets.
Key difference between REITs and Direct Real Estate Investment!
Direct Real Estate Investment offers more tax incentives than REITs and also investors have more decision-making power.
– In case of REITs, investors invest their money in a diversified portfolio of commercial real estate assets. But in case of direct real estate investment for commercial offices, investors invest in a single office property only.
– Individual investors can take advantage of real estate through a REIT without the need to own or manage real estate.
– Compared to Direct Real Estate Investment, REITs are easier to buy and sell because many of them are publicly traded on exchanges.
Difference between REITs and Direct real estate in terms of returns!
There is a major difference between the returns of both investments:
– In the case of REITs the ROI will be clearly structured, realistic and risk-free. They are ideal for investors who want a stable income with minimal risk.
– During the time of inflation, property values tend to rise as property prices and rents rise, resulting in higher returns for REIT investors. Realistic ROI from REITs can be expected in the range of 7-8% per annum after adjusting fund management fees.
– REITs must distribute at least 90% of the taxable profits to shareholders, and dividends of 5% or more are common.
How do REIT investors generate income?
Like any other business REIT requires capital. The investors of REITs make money by renting, leasing or selling the assets they buy. Shareholders elect a board of directors, which is responsible for selecting investments and recruiting a team to oversee them on a daily basis. FFO, which stands for funds from transactions, is the most common way of calculating REIT income.
REITs Investors generate following types of income:
– Dividend income – Price gains after the sale of REIT units – REITs are a great opportunity for investors who want to diversify their portfolios outside the gold and securities markets. This is a great place to invest if you are investing in real estate for the first time and want to diversify your portfolio without unnecessary risk.
Conclusion:-
A REIT is a good option for investors who do not want to manage real estate, or for those who do not have or can not get the funds for it. REITs are also a great way for aspiring real estate investors. Individual investors can invest in income from owning commercial real estate with a REIT without buying it themselves. Direct real estate investment is good if you want more control over your money and prefer a convenient approach.
Planning an investment? Looking for the best areas to invest in Hyderabad? Several realty analysts consider Hyderabad as the best city for plot or land investment. Its residential real estate sector is widely regarded as a low risk and high return sector due to its rapid development in education, healthcare, job opportunities, information technology, hospitality and other industries. For the past few years Hyderabad has gained popularity due to the availability of residential plots and affordable prices.
Hyderabad has a variety of residential apartments and commercial complexes but still many investors or buyers prefer to buy land from an investment perspective. Since investing in land is considered one of the profitable option in the long run. Good location, affordable price, high return in less time makes Hyderabad most preferred investment option. Over the last many years, some areas of Hyderabad have benefited from rising property prices.
Different regions offer different homes at very competitive prices. The South Hyderabad region is considered to be the most affordable option for investing in residential properties due to its land availability. Also it is less populated as it is located at greater distance from IT companies. North and Central Hyderabad are more dense and slightly more expensive due to high commercial activity.
10 Best places for plot investment in Hyderabad | Best areas to invest in Hyderabad
Buying land for investment in Hyderabad is considered as an important financial and emotional step. If you want to invest in a plot of land, you should consider the following areas.
1 Narsingi-
Narsingi is rapidly expanding with residential complexes and commercial properties. Located on the western outskirts of Hyderabad, it is situated about 5-7 kilometres south of the financial district. Narsingi is an independent area with social infrastructure such as roads, schools, hospitals, commercial, and retail premises. Rajiv Gandhi International Airport (only 26 km) can be reached by road in approximately 40 minutes.
Good connectivity and convenient location is a privilege for a potential investor. Narsingi, located in the immediate vicinity of the financial district and Gachibowli. The area has good IT infrastructure with exit routes from the ORR, this facilitates road connectivity to the airport. The outer ring road (ORR) connects the city with other parts of the city. The average cost of plots in Narsingi varies from Rs 1,500 per sq ft to Rs 12,200 per sq ft.
Chandanagar is in rapid development as a residential center and it pays off for the investment. The area has proximity to both New Mumbai Expressway and Old Mumbai Expressway. The area is on the NH Hyderabad-Mumbai road, and Lingampally MMTS station is quite close. Bus connectivity is also fast and connects the area with other localities of Hyderabad. The proximity to IT centers in HITECH City and Gachibowli makes it one of the best areas to invest inHyderabad. The demand for this area driven not only by its indigenous people but also by people from other cities, government and software officials. The average cost of capital in Chandanagar varies from Rs 1,100 per square foot to Rs 11,900 per square foot.
Manikonda proximity to existing IT centers facilitates rapid development of infrastructure. The area is located between the old Mumbai highway and the outer ring road. The old highway separates it from Madhapur and further from Gachibowli. Manikonda is well connected by public transport like regular bus services, especially along the main roads.
Given Manikonda’s privileged location close to the main commercial areas and good transport links. Currently the property price in Manikonda is on the lower side, making it a really attractive offer for those looking for plot investment in Hyderabad. The constantly growing IT presence at Manikonda acts as a demand multiplier, which leads to significant price increases. The average cost of residential plots at Manikonda varies from Rs 1,700 per sq ft to Rs 12,100 per sq ft.
If you are planning to buy property in an area with perfect access to IT centers like HITEC City and Gachibowli, Kompally should definitely be your first choice. The area is close to popular localities in Hyderabad such as Kukatpally, HITEC City, Gachibowli, and other localities through Outer Ring Road (ORR).
Located on NH 7 and very close to ORR, the suburb of Kompally connected to all parts of the city. Kompally’s ability to connect to ORR improves the connectivity to Gachibowli and Rajiv Gandhi International Airport in Shamshabad. The accessibility of the area makes it an attractive option for both real estate investors and home buyers. The average cost of plots in Kompally varies from Rs 2,200 per sq ft to Rs 10,500 per sq ft.
Although Shadnagar is about 49 km from Hyderabad, it offers connectivity to other Hyderabad localities via the Outer Ring Road (ORR). In addition to ORR, Shadnagar Railway Station and Rajiv Gandhi International Airport can be reached directly from Bangalore-Hyderabad Highway. Easy connectivity and growing infrastructure has triggered an increase in demand in the city, leading to an exponential increase in property values. The proximity to industrial centers like Kotur, Kondurg, and Balanagar makes Shadnagar one of the best areas to invest in Hyderabad. So, investing here can give you an attractive return on investment. The average cost of plots in Shadnagar varies from Rs 1,300 per sq ft to Rs 12,500 per sq ft.
Adibatla has witnessed many developments by technology companies that attract working professionals from all cities. The area has wide roads, close proximity to Rajiv Gandhi International Airport, just 12.1 km away and central railway station is just 20 km away. Wide roads, TSRTC bus service, and proximity to the airport makes Adibatla real estate beneficial for residents, as they can easily reach their destination.
Residential plots in Adibatla have 24/7 Manjeera water facilities. Therefore it has always been considered a reliable investing option in Hyderabad as it gives a good return on investment. Adibatla may be the best places for plot investment in Hyderabad, but one has to wait for sometime. The average cost of plots in Adibatla varies from Rs 1,400 per sq ft to Rs 14,500 per sq ft.
Ghatkesar is located about 60 km east of Hyderabad, along the Hyderabad-Warangal highway. Several large MNCs such as TATA, Reliance are planning large investments in and around this area. Thus, land prices have skyrocketed in Ghatkesar ultimately attracting many investors. The residential plot in Ghatkesar is also close to the Warangal-Hyderabad National Highway, which has everything you need for your daily needs. Also, the locality began to attract residential areas located in a quiet and ecologically clean environment. As the area is still expanding, open plots are a good option. The average cost of plots in Ghatkesar varies from Rs 1,350 per sq ft to Rs 9,720 per sq ft.
Shankarpally has robust infrastructure and well connected to other parts of Hyderabad and also not far from the IT corridor. Greenery, business institutions and reduced traffic have all helped attract investors to buy open land in this suburb of Hyderabad. Very close to Cyberabad, this place is very popular with IT professionals. The proposed 4-lane highway, combined with a 100-feet road, will bring Cyberabad closer to Shankarpally. Hence, making it an ideal and one of the best areas to invest in Hyderabad. The average cost of plots in Shankarpally varies from Rs 1,150 per sq ft to Rs 16,000 per sq ft.
Shadnagar is becoming a center for large commercial and residential property segments. It is also connected to the Hyderabad-Bangalore 200 wide and 6-lane bypass. Shadnagar is located in a beautiful area close to the regional ring road which is only 5-10 minutes away. Thanks to the convenient transport links to the main road, Shadnagar residents can easily reach the bus and train stations in just 5-10 minutes. With the recent rise in IT sectors, Hyderabad has grown into a major international hub with one municipality, Shadnagar, located in the RangaReddy area, where a major revolution took place. The average cost of plots in Shadnagar varies from Rs 795 per sq ft to Rs 11,690 per sq ft.
Srisailam Highway has experienced high demand for plots and prices have risen over the years. Many reputable builders show interest in the construction of new facilities. Major industrial and electronics projects planned around Srisailam Highway. Multinational companies like TCS, TATA groups, Wipro play a crucial role in the development. Thus making it one of best areas to invest in Hyderabad.
The city offers good connectivity with the major Hyderabad localities via internal and external ring roads. It also has good public transport facilities, regular buses in the region and the airport and railway station are just a few kilometres away. The planned development of Pharma City along the route is the main growth driver. At present, the roads in the region may not be good. However, with the increasing population, the authorities are planning to build more roads. The average cost of plots in Srisailam Highway varies from Rs 750 per sq ft to Rs 9,421 per sq ft.
So, these are some of the best areas for land/plot investment in Hyderabad. However, before investing in a residential plot, make sure that the company is HMDA approved and also check the RERA registration number. RERA acts as a shield for the property buyer. The government only recommends buying HMDA- and RERA-approved properties. You can visit HMDA and RERA’s websites in order to check whether the plot is approved by the authorities or not.
Since past few years, there is a sudden surge in the demand of housing units in Gachibowli. One should definitely invest in Gachibowli as it is a growing locality, loved by both end users and investors. Gachibowli, a city in Hyderabad, is one of the fastest growing cities that is ideal for investment and promises attractive returns in the future. It is a recognized ITeS suburb experiencing explosive growth in the form of real estate projects, office rentals and infrastructure projects.
Gachibowli is located in Serilingampally Mandal in the Rangareddy area northwest of Hyderabad. When we look at the real estate market, it is a known fact that Hyderabad has many benefits for property seekers. Since past few years, Gachibowli real estate sector has shown exponential growth thanks to a growing technology sector that has dramatically increased the demand for apartments.
6 Reasons why investing in a flat in Gachibowli Hyderabad is ideal | Reasons to invest in Gachibowli
1- Airport Connectivity-
To make money, various real estate companies in Hyderabad have built residential apartments near Gachibowli. It is only 5 km from the Hitech city and is well connected to Rajiv Gandhi International Airport in Shamshabad via the outer ring road and the Nehru ring road. Alternatively, try world cuisines in the various restaurants in the area and the surrounding area.
2- Gated and premium residential properties-
Several gated community apartments are being sold to serve the IT people of Gachibowli. With luxurious amenities, these flats absorb modern architecture and natural landscapes. Removing visual clutter and providing you a unique serenity that is difficult to find in the city. In addition, there are several premium class apartments for sale in Gachibowli. This locality is ideal for those looking for luxury as well as affordable apartments in Gachibowli.
3- Ideal option for investment-
In addition to the luxury apartments in Gachibowli, several other developers are planning to create more living space. Therefore, those looking for investment opportunities in Gachibowli, Hyderabad should also consider entering Gopanpally and Nallagandla to get the best investment deal.
4- Increased housing demand-
Gachibowli will benefit from the growth taking place in the central regions of Hyderabad. Townships around Hyderabad’s old town have also evolved to boast improved connectivity to the technology hub, attracting potential buyers and investors. While the suburbs around HITECH City, Gachibowli, Banjara Hills and Jubilee Hills were the first to develop. Growing connectivity and infrastructure makes it ideal to invest in Gachibowli. The saturation of open spaces in these areas, combined with declining accessibility, makes the suburbs a viable option.
5- Proximity to reputed companies-
Gachibowli has also witnessed careful green preservation zones and offers excellent social infrastructure and services. The locality also offers access to major tourist attractions, such as Ramoji Rao Film City, Hussain Sagar, Fort Golconda and Shilparamam. The main advantage is that Gachibowli is close to Hitech City and several companies such as TCS, Microsoft, Capgemini, Accenture, Infosys and Wipro as well as UBS, Bank of America and Franklin Templeton Investments.
6- High demand of rental properties-
Real estate in Gachibowli ranges from one bedroom apartments to large mansions. Tenants range from city leaders looking for family homes to young professionals and couples looking for one or two bedroom apartments in Gachibowli. They are in high demand and delivered very quickly, usually within a few days. A 3 BHK flat in Gachibowli Hyderabad also tops many tenants’ wish lists with its spacious and airy exterior atmosphere.
Looking for best place to live in Navi Mumbai or best place to invest in property in Navi Mumbai? If so, this might be the best decision you’ll ever make! In this article we have described some best residential areas in Navi Mumbai that are perfect for real estate investment.
In real estate it is extremely important for the investor to choose the right location. The place you choose can increase or reduce your investment. Navi Mumbai is an exception where the management quality is better than the developers. The basic infrastructure is far from perfect, but is reasonably well equipped in terms of roads, infrastructure, water supply, etc.
The location, infrastructure and facilities of Navi Mumbai makes it an ideal investment destination. Navi Mumbai has a range of developers offering properties to suit every budget, along with first-class facilities. Robust infrastructure, wide roads, an abundance of nature are some of the benefits of investing in real estate in Navi Mumbai. The city has a special economic zone with an area of more than 10,000 hectares. Ultimately creating career opportunities and allowing people to start their own business.
Navi Mumbai’s significant population, booming economy, and growing infrastructure really stand out to prospective investors. The 7 best place to invest in Navi Mumbai that promise the highest potential return on investment are-.
Best place to invest in property in Navi Mumbai or best place to live in Navi Mumbai-
Ulwe-
Ulwe has recently shown an increase in demand for residential apartments and plots. As India’s fastest growing region, the development of commercial, residential and private infrastructure quickly attracted the interest of retailers and residents. Ulwe offers adequate social and commercial infrastructure, including reputed hospitals, schools, retail space and a sports complex. Property price in Ulwe ranges from Rs 6,200 to 9,000 per. square foot. With the advent of new projects, property prices in Ulwe are now growing due to the developed infrastructure and proximity to Navi Mumbai Airport.
Connectivity and Infrastructure-
It is a lively place known for its excellent connectivity, close to the upcoming Navi Mumbai Airport. Ulwe is fast becoming a suburban destination near the Sion-Panvel and Mumbai-Pune Highways. It is close to major places like Vashi, Palm Beach Road or Belapur CBD. It also has proximity to the JNPT and excellent connectivity to Mumbai via NH-348A, and Palm Beach Road. The upcoming Navi Mumbai Metro and Mumbai Trans Harbor Link will further improve the connectivity of Ulwe to Navi Mumbai and Mumbai. Thus making it the best place to live in Navi Mumbai or best place to invest in Navi Mumbai.
Unlike the densely populated areas of Mumbai, Panvel offers large open areas, making it a popular place for home buyers. It is easy to travel here as the area has an extensive network of road and railway. Panvel has several areas like New Panvel, West Panvel, East Panvel, Karanjade, Chipale. It also has some areas along the Mumbai-Pune Expressway. Panvel has proximity to the Belapur and Vashi commercial hub, which has stimulated the demand for housing in the region. As such, Panvel is the ideal place to generate a good amount of profit on property investments. The area has high rental yields and there is a guaranteed appreciation on both residential and commercial properties.
Connectivity and Infrastructure-
Panvel is well-connected with eastern and western highways which provides easy access to other cities. The proximity to the upcoming Navi Mumbai International Airport along with other planned infrastructure projects such as Navi Mumbai Airport Influence Notified Area (NAINA), Trans Harbor Link etc, are some of the key factors affecting the real estate market in Panvel. Connectivity to Mumbai Pune Expressway and the Sion-Panvel exit further improves access to Panvel.
Airoli has a wide range of apartments ranging from affordable to premium segments. Hence, serving home buyers in all budget segments. The locality has a good social infrastructure of schools, hospitals, restaurants, markets and parks. The proximity to major employment centers and developed social infrastructure has increased the demand for housing and rental properties in Airoli. Thus, it is the ideal place to live in Navi Mumbai since it provides good investment opportunity for those who want to invest in Navi Mumbai real estate.
Connectivity and Infrastructure-
Airoli has good connectivity to Thane and Mumbai via Thane-Belapur road and Mumbai Suburban Railway. Mulund Airoli Bridge further improves Airoli connectivity to other suburbs of Mumbai. Airoli houses some major employment centers such as Airoli Knowledge Park, TTC Industrial Area, Mindspace Technology Park, and Reliable Tech Park makes Airoli best place to invest in Navi Mumbai and a profitable deal for home buyers. The railway and road network provides easy access to the main MMR regions of Mumbai, such as Panvel, Thane, Chembur, Vashi, and Mulund etc.
Nerul is the main residential and commercial area of Navi Mumbai, consisting apartments of all segments. It has excellent civil and social infrastructure. The area has low, medium and high-rise flats and individual row or townhouses as well. Nerul is popular among the upper middle class and the most common configurations found are 2 and 3 bedroom flats. The locality houses some IT parks, an MIDC industrial area, several international schools and professional universities. Presence of reputed educational institutions like Terna College of Engineering and State Merchant Marine Institute makes it an ideal place.
Connectivity and Infrastructure-
Nerul offers good connectivity to several areas of Mumbai like Thane, Navi Mumbai, and Jawaharlal Nehru Port Trust (JNPT) via Thane Belapur Road, Sion-Panvel Expressway and Palm Beach Road. The area is located on three highways in the Navi Mumbai area, namely Uran Road, Sion-Panvel Expressway, and Palm Beach Road. Connectivity to major highways makes it the best place to invest in property in Navi Mumbai or best place to live in Navi Mumbai.
Taloja is fast becoming a major residential area due to its proximity to Kharghar. Other factors driving the increase in property value are the variety of affordable apartments, upcoming metro stations, and upcoming international airport. Experts believe that if upcoming infrastructure development is implemented on time, Taloja is likely to see an exponential increase in property value over the next three years. Thus making it an ideal or best place to invest in property in Navi Mumbai.
Connectivity and Infrastructure-
Taloja is located on National Highway (NH- 4) and has proximity to the Sion-Panvel, Dombivli-Kalyan, and Panvel highway. Thus traveling to Pune, Thane, and Mumbai is much easier. Taloja has an operating railway station on the Central Vasai-Diva-Panvel railway line. The construction of the first phase of the Navi Mumbai metro between Belapur and Pendhar, which also connects Taloja, makes commuting more easier.
Kamothe have good infrastructure and connectivity, and these are the main reasons for its growing real estate demand. The area has a total of 48 sectors, which are systematically planned. The nearby towns of Kamote include Belapur, Hargar, Taloja, Kalamboli, Panvel etc. Without a doubt Kamothe is the best place to invest in Navi Mumbai. Also it is ideal location for those who want to buy property in the outskirts of Mumbai.
Connectivity and Infrastructure-
Highways like JNPT Road, Sion-Panvel Highway, and Panvel-Uran Bypass are some of the major highways that pass through Kamothe. There is a large bus service and the Belapur Bus Stop and Panvel Bus Stop are in the immediate vicinity. The international airport is approximately one hour drive from the area and also has proximity to upcoming airport in Navi Mumbai.
Dronagiri is one of Navi Mumbai nodes, located in the Raigad area and at the southern tip of Navi Mumbai. Real estate in Dronagiri remains reasonably priced compared to other parts of Mumbai. Infrastructure growth and associated housing demand are key factors that have driven Dronagiri’s growth in recent times. The JNPT and Reliance SEZ are key business developments driving Dronagiri property growth.
Connectivity and Infrastructure-
The area offers good connectivity to Panvel and Roha. Also South Mumbai is easily accessible from Mora with a crossroads and only 30 minutes by water from Ballard Pier. The railway route has increased the general access to the JNPT together with the Navi Mumbai SEZ. Demand for real estate in Dronagiri is expected to increase after the completion of Navi Mumbai International Airport, as the area is only 10 kilometres away.
Buying real estate and then turning it into a profitable investment is a popular practice in Mumbai. If you have been looking for best place to live in Navi Mumbai or planning to invest in real estate for a long time, Navi Mumbai is your ideal destination. This is often an investment opportunity for those working in and around Mumbai. The area has a vibrant real estate market with significant capital gains and rental income.
Are you planning to invest in a 2 BHK flat in sector 150 Noida? Since time immemorial, the value of real estate has been dependent on price increases. And it takes time before its value grows. But with increased investments from multinational companies in India, the value of real estate here is skyrocketing. Noida sector 150 is located at the south end of Noida Expressway. It is located at the convergence of the Yamuna and Hindon rivers and is only 8 km from Pari Chowk, Greater Noida.
Noida 150 sector appears to have increased demand for the residential segment. Many famous builders in Delhi-NCR have started many projects in this sector. Buyers can find 3 BHK and 4 BHK luxury apartments easily and quickly. Many spacious 2 BHK’s have also been implemented in the projects. All of these homes have quality facilities as well as excellent environmentally friendly amenities.
Reasons why 2 BHK flat in sector 150 Noida is a great investment!
Connectivity to major areas-
Robust connectivity is one of the main factor which has contributed to overall growth of this locality. Sector 150 is close to three major expressways i.e, Noida-Greater Noida Expressway, Yamuna Expressway and DND Expressway. Proximity to these expressways facilitates easy commute between regions of Delhi-NCR and Agra. Sector 150 also has proximity to the upcoming Jewar Airport, one can reach the airport in just 30 to 40 minutes. Delhi’s metro network runs through the area within walking distance, making it ideal to reach any part of Delhi-NCR.
Prominent Housing Options-
Everyone wants to live in a place which has good quality social infrastructure of schools, hospitals, entertainment centers and shops. In the immediate vicinity of sector 150 there are reputed educational institutions like RPS International School, Amity University, Galgotia University etc.
The locality also has proximity to world class sports facilities such as Buddha Circuit (Formula 1 circuit), golf courses and the first cricket stadium in Noida. It is listed as one of the best sectors in Noida on the 24 km section of the Noida-Greater Noida Expressway. Sector 150 provides a high standard of living, and there are several top-class housing projects from leading developers such as Tata Value Homes and Godrej Properties.
Given the presence of large housing projects and their location, buying a 2 BHK flat in sector 150 Noida is the most preferred and profitable investment for property buyers.
Growing Infrastructure-
According to the Noida Master Plan 2031, Noida sector-150 will have about 80% of the 600 hectare area as green space, with only 20% allocated to residential or commercial construction. In addition, almost 42 hectares of land have been set aside for parks and recreational services.
Today, the social and physical infrastructure is already established, a number of well-known schools and colleges operate here, and the area is full of real estate activities. Sector 150 is in the immediate vicinity of Knowledge Park II. The locality houses offices of several multinational companies and IT / ITeS companies. Some of them are Aptara International, Cisco Honeywell, IKEA, One E, Samsung Engineering India Ltd, British Council and HDFC.
Budget friendly and low maintenance-
Another benefit of buying a 2 BHK flat is the maintenance cost. Maintaining a 2 BHK is much easier compared to 3 and 4 BHK apartments. In relation to the 1 BHK apartment, however, the increase in value is not so significant. Therefore, it is always wiser to choose a 2 BHK apartment in sector 150 Noida.
Conclusion-
With robust infrastructure and connectivity sector 150 Noida is growing really fast. The area has excellent transport links and is close to major expressways such as Yamuna Expressway, Faridabad-Noida-Ghaziabad expressway, and Noida-Greater Noida Expressway.
Due to its advantageous location, it has attracted the attention of several investors and buyers. Many well-known multinational companies, corporate homes and manufacturing departments and IT services are popping up in this place. The locality has various reputed educational institutions, banks, hospitals, ATMs and more. Hence buying a 2 BHK flat in sector 150 Noida is definitely a good choice for home buyers and investors as well.
Planning to invest in Kharadi, Pune? In this article we have described some reasons why investing in Kharadi is best choice for both home buyers and investors.
Kharadi, located in northeastern Pune, has seen tremendous growth in recent years. It is becoming one of the fastest growing and most sought after places in terms of location. The area is strategically located close to all the institutions and recreational areas necessary for a comfortable life. It has become a sought after destination among property buyers. This area has gained importance due to the major developments in IT, ITES, education, hospitality and retail sectors.
Known as the new IT hub, Kharadi, the once barren place is now home to dozens of commercial projects and luxury homes. The presence of the company giants like Tata Communication, Wipro, Reliance, and Polaris has further contributed to the development and popularity of this area.
Here are a few points that make Kharadi the most popular real estate investment destination.
Reasons why should you invest in Kharadi or reasons to buy flat in Kharadi, Pune
1-Houses big IT giants-
Growing connectivity and low capital prices have attracted many leading IT companies. After Hinjewadi, Kharadi has the maximum number of IT parks. Special economic zone (SEZ), is home to several IT and ITES giants like Vodafone India Services, Prism Informatics, Tata Communications, etc. The campus covers more than 40 acres and is only 8 km from the international airport. The business world in Kharadi originated and contributed greatly to the development of the IT sectors in Pune.
2- Location Advantages:-
A well-planned road system with excellent transport links adds valuable benefits to Kharadi. The area has proximity to major areas like Railway Station, Airport, Koregaon Park, Kalyani Nagar, Hadapsar, Wagholi, Chandan Nagar and Mundhwa. Kharadi is set to receive a metro station via an extension of line 2 between Vanaz and Ramwadi. Growing connectivity and location can be a major reason due to which buyers invest in Kharadi. The roads are wide and proximity to highways makes it easier to reach other localities in a short time.
3- Public Transport & Social Infrastructure:-
Kharadi has some of the popular hotels like Le Meridien, JW Marriot, The Westin, Taj Blue Diamond, Grand Hyatt, Radisson, etc. Some famous nearby schools are Symbiosis, Victorious Kids Educare, Kendriya Vidyalaya, and Sunrise English High School. The nearest bus stop is Moudha Bus Stand, 12 km from Kharadi. Cabs and other transport facilities are also easily available. Due to its proximity to the airport, travel time is significantly reduced.
4- Increase housing demand:-
Robust connectivity and evolution of IT parks have created a lot of opportunities in Kharadi, thus attracting professional migrants from different parts of the country. As a result the demand for housing has surged at a fast pace. Buyers are preferring apartment projects over independent houses or plots. The rental market here can fetch you a good amount of returns if you invest in Kharadi. A 2 BHK flat in Kharadi can be rented at prices from Rs 10,000 to Rs 18,000 per month. Professionals working in Ranjangaon Industrial Zone also prefer Kharadi due to its connectivity and infrastructure.
5-Price Trend:-
The city experienced both residential and commercial development due to the burgeoning IT sector. Due to this, land prices have risen sharply. According to real estate experts, the price in October-December 2012 was Rs 4,779/sqft, and Rs 5,192/sqft in January-March 2013. The price has risen to Rs 5,583/sqft since April to June 2013.
Many experts believe that Kharadi has the greatest potential in the real estate market in Pune. The amazing development of the city attracted buyers to invest in Kharadi and has completely changed the real estate market trend. Now Kharadi is considered as the most popular area in Pune where you can live a quality life.
