Sunday, 11 June 2017
Greater Noida West has seen a development in the sale of residential flats. The area saw an enormous climb in units sold from luxury segment. Different reports suggested that the real estate in Noida saw a critical scaling in the sale of apartments in Greater Noida West. Real Estate specialists suggested the reason behind the improvement in arrangements has been a result of a drop in the costs of the property. After completing several successful projects, the reputed builder launches residential project in Noida Extension that has got beautiful ambiance with mod amenities. The projects has unveiled 2/3/4 BHK Apartments with mind-blowing interiors and other facilities.
The residential property Noida appreciates a development surge. Because of the value valuation for residential flats in Noida, real estate investment has turned out to be extremely lucrative for some, therefore, making a more noteworthy demand for residential development in Noida.
These days, all home buyers are not able to purchase luxurious properties in the metro cities like Noida, because of raising the prices of properties. They can buy lavish properties because these assets give good returns after some time. There are various housing project in the heart of the city. They proffers a wide range of luxurious apartments of 2/3/4 BHK category and varying in the price ranges. Just by offering cheap and best homes, these projects has become a perfect choice of today's buyers.
Most of the apartments in Noida extension include 2 BHK and 3 BHK flats however luxurious ventures highlight greater flats having 4 BHK's and significantly more to offer to inescapable buyers. These apartments, according to the area, taken a toll in various crores and set aside more opportunity to offer than normal apartments. Without a doubt, even a single flat sold bring a considerable measure of money for the manufacturers.
The luxurious flats are stylishly constructed using all modern engineering techniques. These houses are in fact the distinct advantage. Prior people used to favor spending over luxury, yet with high income and high purchasing power, home purchasers are currently intrigued by extravagance living. Also, these houses are so alluring and strategically placed that a home purchaser couldn't avoid purchasing. Indeed, even the general population who wish to gain such houses on lease, wouldn't fret paying minimal additional to profit the advantages of lavish living.
Thursday, 25 May 2017
Today, Greater Noida west is taken into account among one in all the extremely developed town set and seen as growing in terms of assets. Because of the greatest improvement and increasing demand, various builders are now ready to launch Luxury Flats for sell in Greater Noida West.
The residential apartments or flats are in high demand in Greater Noida and there are so many reasons behind this. The major reason for this is, it is proximity close to Delhi and Gurgaon. Well constructed, smooth and wide roads in this city make transportation easy and is hometown to the world's reputed multinational companies. Also known as the educational hub and with modern and latest medical facility.
The real estate market in India has been traditionally neglected as most of the areas over there was under development and unorganized. Nevertheless, in recent times, the real estate market has demonstrated an unparalleled improvement, consolidating with increasing property. Currently this place has turned as a prominent and developed space in terms of development of Buildings, Flats, apartments, Homes, Complex, shops, Hospitals and so forth. Luxury flats are constantly welcome by everybody. The designing techniques are exceptionally muddled in luxury flats. You can get great luxury apartments in this town. You need to choose a good dealer or agents for buying flats, who ought be more believable person.
Consolidation of educational facilities, high job opportunities, innovative medical facilities and fully equipped markets make this town attractive for property seekers. There are many good locations where you can buy commercial as well as residential properties. Here you can buy flats according to your needs, desire and budget. Here you can buy residential building ranging from Luxury apartments to budgetary flats.
Buying apartment in Greater Noida West offer numerous benefits, but still it is very essential to consider numerous factors while making real estate deal to inhibit further hassles. If you decided to buy an apartment, you have to decide your budget. For this, you can take support from real estate brokers or agents as these professionals are aware from all important things that are essential to consider while making property deal. You can also search on internet to gather information about how to make best and hassle-free real estate deal.
Choosing the luxury apartments in Greater Noida West is very easy, because many real estate companies are providing guidance and also awareness about the place we select. We can get a good knowledge from them.
Thursday, 27 April 2017
This Friday is dedicated to the famous Hindu festival Akshaya Tritiya which falls on the third day of the bright half of Chittirai month when the Sun and Moon are in exaltation; they are simultaneously at their peak of brightness, which happens only once in a year. This festival is famous for purchasing gold, homes and vehicles. There are the several ways to celebrate this golden festival. As per Hindu religion, the Akshaya Tritiya is the day when Ganesha, the God of wisdom removal, started writing the epic Mahabharata to Ved Vyas’s dictation. According to our ancestor mythology, this day is ruled by God Vishnu. It is also traditionally celebrated as the birthday of the Hindu sage Parashurama and sixth avatar of the God Vishnu. According to Hindu Mythology, on this day the Treta Yuga began and the river Ganga which descended to the earth from heaven.
You can invest your money on this Tritya in the property, apartments and flats in metropolitan cities. This is the best chance to make more smile on the faces of your family member. At the latest project of Arihant Abode you can look the fully furnished flats residential apartments at the minimum investment. This is the best chance if you have been planning to buy home for your family.
Akshaya Tritiya is the ideal day to change your way of life and begin fresh starts with the goal that you deliver positive outcomes, and to boost the awesome donations throughout your life by performing just favorable activities. Favour the cash or material that you will give away today and you could see that it increases many circumstances over.
Tuesday, 25 April 2017
Many home-buyers, particularly first-timers are not aware of Occupancy Certificate (OC) and often mistake it to be the same as possession letter. There are several documents which are required during the purchase of a property and obtaining them could prove to be a tedious process. But occupancy certificate is a crucial document which must be sought and buyers have the right to take legal action against the developer if the same is not given to them.
As these certificates are not required while registering a property, the vast majority of the home buyers tend to disregard or ignore gathering these documents from their previous owners or developers of the apartment.
The possession letter is issued by the developer for the buyer expressing the date of ownership of the property. The original copy of this document needs to be produced for securing a home loan. A possession letter alone would not suffice for legitimate ownership of the property unless OC has been acquired.
Occupancy Certificate is issued at the end of the construction by a local government agency or planning authority. The document is a proof of the building's compliance with applicable building codes and other laws. It indicates that the property is in a suitable condition for occupancy. The developer is in charge of acquiring occupancy certificate and is issued only once the building has been finished in all regards and is prepared to be possessed. A completion certificate is received by the builder from the metropolitan authorities upon completion of construction.
Acquiring Occupancy Certificate can be required under respective State laws. According to these state laws, one can't lawfully move into a building unless the builder or developer gets an Occupancy Certificate from the particular nearby authoritative or municipal bodies. The corporation or municipality can request that the property owners leave such unlawfully possessed flats or force overwhelming penalties for the sake of 'regularization'.
There are a huge number of apartments in urban areas like Bengaluru, Mumbai or Delhi which have been possessed with no Occupancy Certificates. In a large number of the cases, the building arrangements of these flats are affirmed however they don't get OCs due to not adhering to the approved building plan or because of different infringement.
As an informative buyer, you ought not act in flurry. While grasping handover of the property, ensure the developer furnishes you with every one of the documents. You have legitimate appropriate to get all the property related documents. So don't listen to any excuse given by the developer and immovably ask for possession letter, occupancy certificate, and other documents.
Sunday, 9 April 2017
Impact of GST on Home Buyers and Renters in India
The Lower House of Parliament of India has cleared four bills in planning of the upcoming roll out of the Goods and Services Tax (GST) administration: Integrated GST, Union Territory GST, Central GST, and Compensation Bill.
This sets the stage for states to authorize laws and actualize the new tax system from July. The duty rates applicable on items and services are relied upon to be declared by the legislature by April-end. Therefore, once GST becomes effective from July, the leasing of land and buildings - and home loan EMIs paid by the individuals who buy under-development flats - will pull in the appropriate duty rate. Depending upon the tax rate that gets reported for land, the impact could be higher or lower than today.
The industry experts hopes that a lower tax rate of 12% on under-construction real estate projects will help diminish the cost of homes and increase affordability for end-users. However, a higher rate of 18 per cent will make under-construction apartments more expensive for buyers, making it difficult for them to invest in residential projects.
Impact of Central GST on Affordable Housing
After implementation of Goods and Services Tax, leasing of land and buildings, as well as EMIs paid on the home loan taken for purchasing an under-construction housing unit, will attract tax. Needless to say, the impact of this new tax on real estate market can be guessed only after the declaration of the tax rate.
Experts believe that input credit allowance will bring down the cost for builders, directly affecting the overall price of a property. If builders transfer the benefit to the clients, home buyers in India will be able to save up to 20 per cent. Though GST will make property expensive for the end-users due to increased rate of taxes, they can still get benefited from it, if builder pass on the reduced cost to them.
Given the Government's objective of 'Housing for All by 2022', this exception is probably going to proceed under the new tax regime. Ministry of Housing and Urban Poverty Alleviation (MHUPA) has also asked for the states and union regions to consider waiver or defense of stamp obligation on moderate lodging ventures.
Friday, 19 August 2016
The Employees’ Provident Fund Organization, also known as EPFO is considering the decision of letting the subscribers pledge their future PF contributions to buy a house. Here is how to use your Provident Fund to finance a home purchase.
Purchase of a house/plot or Construction of the house:
Under the Provident Fund scheme, a subscriber can withdraw his PF money after the contribution of 5 years for the purchase or construction of house. The loan amount would depend on the purpose for which you are taking the loan. For purchasing a plot, the loan available shall be restricted to 24 months’ basic salary and dearness allowance (DA) and in case of the loan, to purchase or construct a house; availability shall be enhanced to 36 months of basic salary and DA. It is pertinent to note that the property cannot be purchased jointly with anybody else, except your spouse.
In case you withdraw from your provident fund account, the construction should begin within six months and be completed within 12 months of the withdrawal. In case you intend to buy a ready house, the purchase also needs to be completed within six months. The withdrawals for the purchase or the construction can be made in one or more installments, depending on the circumstances.
Subscribers can also avail the withdrawal facility again for additions or improvement of the house, only after 10 years from the first withdrawal, subject to the same eligibility criteria, vis-à-vis the amount.
Repayment of housing loan through Advances
For the repayment of the outstanding balance of home loan taken by you, the provident fund scheme allows you to avail of the withdrawal facility. The advance amount cannot exceed 36 months of basic salary and DA. This withdrawal can only be made for loans availed from specified entities like public financial institutions, Municipal Corporation, governments and state government, registered co-operative society, state housing board, nationalized banks, or a development authority.
The proposal, however, is in preliminary discussion stage and the government is exploring the possibility for providing a suitable low-cost housing scheme for subscribers of Employees Provident Fund.
Thursday, 11 August 2016
Real estate segment has witnessed a phenomenal growth in recent past. The growth is not just limited to Tier 1 cities, but even Tier 2 and Tier 3 towns. The industry is in the conflict of increased regulations, with bills such as the Real Estate Bill for Regulation and Development, which is still pending for approval. GST is one of those developments that will have a significant impact on this sector.
The implementation of this law will single-handedly solve many challenges faced by the real estate sector. This will also help in breaking the long slumber of this sluggish sector. The taxes being paid by the developers currently will go down by considerable percent.
Construction costs would also be reduced to some extent and this benefit can be passed on to the buyers, thereby spurring buying of homes, he added.
If a clear uniform rate for one tax that covers everything that the buyers need to pay in taxes to authorities, the whole payment process will become very easy and convenient for the buyers. In this case, even a higher rate would be more acceptable to the buyers than a lack of clarity.
However, the model suggested for GST Law restricts the availability of credit on goods and services to be acquired for the construction of immovable property other than plant and machinery. This clause in particular may lead to litigation, resulting in denial of availability of credits in certain situations.
The approval of GST Bill is the biggest indirect taxation reform being introduced in the country. It could be a turning point in the real estate sector which is currently plagued and loaded with a myriad of indirect tax issues.
We would like to believe that the bill brings a more comprehensive & uniformed tax structure to ensure greater transparency in the real estate sector.