Owning A Home V/s Living On Rent

Buying versus renting a house is an exemplary situation that everybody faces at some point in their lives. It is therefore substantial that we examine the advantages and disadvantages of both before reaching a conclusion.

Here are some qualitative factors that can affect your decision and you must ascertain how buying a home is highly advantageous over renting.  

Factors that favour Buying:

Capital Appreciation:  India is a developing nation and over long-term costs will prop up due to rapid urbanization and formation of higher paying employment. In this way, costs will undoubtedly go up over long-term.

Make Improvements:  When you own a house, you can repair your home the manner in which you need. While if you live in a rented house, you need to maintain and follow all the conditions of the rental agreement, which will request that you not make any changes in the house.

Stability:  When you are renting, you are constantly stressed over rental increments or when the landlord may decide to sell the house. While in your own house, there are no such concerns.

Constrained Savings:  Once you choose to purchase a house, you will be compelled to put something aside for down payment and after that, you will be naturally saving when you pay the monthly EMI.

Tax Benefits:  When you buy a house utilizing a home loan, you can likewise claim home loan tax benefits.

Value Appreciation: When you are deciding to buy a home, qualities like good schools, upcoming neighbourhoods, local employment, and even its proximity to other civic amenities are significant as your new house could end up being worth more than its buying price.

Privacy: Owning a home would definitely give you more privacy than you could have in a rental home. The privacy that homeownership can offer is invaluable.

Owning a home is a better choice over a rented home:

ØOwning a house could likewise generate extra income, as rentals or from paying guests.

ØRentals may appear to be less expensive compared with the EMI in the short run however over the long run, it is far higher than the cost of the house and the rental cost can't be redeemed.

ØA homeowner can mortgage the property, however, a rental property can't be mortgaged by an occupant.

ØThere is a sense of pride and security in home ownership.

ØThere is less probability of interference in your life when you live in your own home. 

Noida - A Hotspot for Residential and Commercial Investment

Real estate venture requires a macro level of market surveying as it includes a higher level of risk. There are a few factors that impact the choice of investment in a specific area. With the objective behind decreasing the risk and aiding in making an informed choice, here's sneak peek into the most noticeable area of Delhi NCR circuit.

Region Spotlight

The extended circuit of Noida and Greater Noida has emerged as a biggest residential and industrial town of Asia. In the course of a few years, the twin city has seen remarkable development in the real estate arena; especially Greater Noida has ascended as a next big thing for new buyers and financial investors.

The area has a great supply of a wide range of residential and commercial projects. Incorporated townships and housing ventures are being developed on a larger scale. Today, the realty market is buzzing with multiple real estate activities.

Improved Social Infrastructure

The development of word class highways, metro availability and a network of roads has made Noida effectively accessible NCR city. The real estate market in the city is driven by upgraded civic infrastructure that is taking shape at a quick pace.

The area is very much mapped with multi-speciality hospitals and reputed educational institutions and schools. Henceforth the future prospects of the area stay to be articulated in coming years moreover.

Realtors Presence

The territory has seen the presence of several leading realtors who have effectively delivered numerous housing and commercial projects. One of the leading realtors Arihant Buildcon has multiple projects in Noida and Greater Noida featuring all the world-class amenities and facilities making an option worth of investment. Arihant Arden is one such renowned project located in Greater Noida West, with ready to move-in 2, 3 and 4 BHK flats where families have already shifted in Phase 1 ,2 & 3 are all completed and possession is offered in all the towers.   

For now, the twin cities has turned into a point of convergence of investment as it has pulled in a huge chunk of IT companies and BPO sector and numerous more world-class organizations are anticipating to set up their developing centre.

Price Trends

It can be expected that because of the advent of various new facilities and amenities in the upcoming years, the area is going to witness a huge boost in the prices. In a nutshell, it can be suggested that Noida and Greater Noida provide a good option in terms of investment for the investors as well as the buyers.    

 Realtors have propelled housing apartments with 2/3/4 BHK at the prime areas. The mix of ultra-tall building, high-class conveniences and wonderful surroundings are sufficient to pick a property in Noida. The costs are reasonable, as well as the realtors are putting forth different alluring plans also. This enables buyers to book the property with no problem. All such positive variables can make anybody to explore new residential projects in Noida and Greater Noida. 

Residential Flats For Sell In Greater Noida West

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.

Arihant Ambar- Luxury Flats For Sell in Greater Noida West

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.

Happy Akshaya Tritiya 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.

How much important is Possession Letter and Occupancy Certificate for Homebuyers?

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.

Possession Letter

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

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'.

Conclusion

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.

Impact of GST on Home Buyers and Renters in India

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.

Industry Expectations

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.