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.

Provident fund may get you a home loan!!

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.

Goods and Service Tax Bill – A boon for the buyers & sellers!

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.

8 Things You Must Do Once A Week For Your Home!

Weekend is the time to enjoy and complete the unfinished tasks that bothered you for the whole week. So gear up, hold your duster and keep ticking off these 8 things you must do once every week to ensure you home stays clean and beautiful :

1) Wipe the Appliances:

Take off covers from your ACs and Refrigerators and remove the dust. We assume that we have covered all appliances but usually, little dust particles are always there beneath the covers. Never Ignore!!

2)Scrub the toilets, tubs, showers & sinks

Hygiene is where cleanliness is. Scrub the toilets, bath tubs, showers and sinks by using phenyl & anti germ liquids like Dettol, Lizol etc. Rise and Shine!!

3)Clean the Mirrors

Give crystal clear shine to your bathroom, washbasin & dressing table mirrors. Clean mirrors reflect a healthy & happy home. Why not take some selfies, eh?

4)Dust furniture & shelving

Your furniture defines you. Keeping your furniture clean and dust free must be your primary work. Along with that, ensure you clean your book racks & clothing shelves to give an organised look to your home.

5)Change the bed liners

At the end of the day, it’s your bed that dons the role of your best friend. Replace your bed sheet every week and ensure the lower half of the bed remains clean of dust.

6)Do the laundry

You can ignore everything but not your laundry. Neat & Clean clothes represent your personality. Never let it down. We understand that it is a tedious task, so switch on your music system and get, set, laundry!!

7)Vacuum carpets & rugs

Beautifully laid & well maintained carpets and rugs create an ambience of luxury around your living room. To ensure things stay as they are, vacuum your home carpets and rugs properly.

PRO TIP : Give special attention to the stink of sauces & ugly shoe patches. 

Arihant Buildcon wins the prestigious Assocham Excellence Award 2016

 On 20, July, 2016  Arihant Group received the award in “Emerging Quality Construction in Affordable Housing” Category from Shri M Venkaiah Naidu, Union Minister for Urban Development, Housing & Urban Poverty Alleviation, I&B and Shri Arjun Ram Meghwal, Union Minister of State for Finance and Corporate Affairs at the ‘National Summit Finance for Housing for All’ event hosted by Assocham India at the Le Meridien New Delhi. The esteemed award was received by none other than Mr Nitish Jain, Director, Arihant Buildcon Pvt Ltd. Here are the few glimpses of the event wherein Mr Jain put forth his views on various points discussed during the course of the event.

1.  Mr. Nitish sharing his views on "Aluminium Form of Construction" and new technologies that will benefit the builder as well as the users in terms of delivery.




2. Mr. Nitish Jain discusses the role of Housing Finance Corporations in Housing for All




3. Mr. Nitish Jain shares his views on future of real estate in 2022 

 The prestigious award being received by Mr Jain from Mr Venkaiah Naidu and Mr Arjun Ram Meghwal at the event.

 We will continue to complete our promised commitments towards our partners and customers, we will strive to implement the best of modern day technology combined with quality to achieve our vision.

4 must-do Home Décor Ideas for Summer

The best part about summer is being in a complete relaxed mood. So why not enhance your relaxing time at home with some cool interior décor ideas? From warm colour palettes to casual furnishing, summer decor ideas are not just easy to implement but are sure to give you the complete cool comfort that you long for. Given below are few ideas for easy summer decor that will let you forget all about the scorching heat outside.

Furnishing

Dark and muted tones do not go very well with summer. Choose light and pastel coloured furniture, removable slipcovers, decorative throws or floral cushions in order to make your room vibrant and fresh.

Curtaining

Let in the cool night air and keep out the heat. It’s better to opt for curtains instead of drapes for the summer season.

 Kids Friendly

You can’t deny the fact that it is summer time and the kids are out of school. You can also encourage your kids to indulge in art and crafts activities like making decorative pieces with seashells, pine cones, etc. turn the best of their projects in a sweet home décor and show them around.

  

Outdoors

Outdoors also play an important role in livening up your mood while on a sunny day. Make space for flowers and plants and bring in some fresh fruit centrepieces.

This summer, if you want to revamp your house, giving it the perfect summer feel then refer to the above ideas and go for it. After all, it’s all about balancing it right and blending it with relaxation and enjoyment. Let the summer be as refreshing as you desire.  

Ready To Buy Your First Home?

Planning to buy a home for the very first time? Investing in a new home is one of the best kinds of investment in today’s age. While planning on the home, the few things that you consider are budget, space and feasibility. However, many first time home buyers get overwhelmed with the fact that buying a home comes with a wide load of responsibilities, majorly financial.

Given below are few things you should note if you are planning on purchasing house for the first time.

Contact a Buyer's Agent

Many people do not understand the role of a buyer’s agent. Buyer’s agents are experienced people within a certain locality. They have thorough knowledge and information about the complete location, including connectivity, availability of offices, educational institutes and commercial areas. They are the best people who can search you a house that best fits your budget. These agents also have the legal obligation of introducing you to the builder or developer from whom you plan you purchase. The agents negotiate contracts and will help you through the complete buying process. If required, they can also help you find attorneys, inspectors and movers.

Take Professional Financial Advice

While buying your new home, you have to deal with huge amount of money transaction. Therefore, it is wise to consult a financial expert. These experts will walk you through many different kinds of home loans that best suits your requirements and budget. This information will enable you to filter out your choices and make it easier for you to search.

Gather Market Knowledge

Here, you might need a little help from the buyer’s agent. The agents can gather you all the market comparables in a particular area of your interest. They will let you know the recent selling prices of the homes that you decide upon. This information will further help you negotiate with your offer price. At times you may come across houses where negotiation becomes a must. However, the homes that are fairly rated based on the rest of the market, may need no negotiation at all.

Get a Thorough Inspection

This is one of the major steps that one must implement while buying a new home. A thorough inspection is very crucial. No matter how good your home appears and how perfectly it meets your budget, there could be certain underlying issues that might end up causing undue stress. If any issue is found during the inspection, you could ask your buyer’s agent to get it fixed. However, if the issues are too large you can always pull back your decision of buying the house.

Thus, list down your requirements and start looking out. Buying your first house, referring to the above mentioned points, would make your search smooth and hassle free. let your new home be one of your best investments.

Why Greater Noida Is The Best Place For Property Investment?

In today’s time, Greater Noida is one of the hottest destinations in the realty radar. At present, there are above 3,000 families who have opted to move into projects located in Greater Noida. It has been speculated that by the year 2018, the location will home around three lakh apartments. Given below are few major reasons why the demand for property is high in this region.

The Greater Noida West Region:

Previously known as Noida Extension, Greater Noida starts after Greater Noida Expressway. The roads are well laid out, connecting Noida and extending eastwards with new upcoming sectors. Wide numbers of residential and commercial projects are expected to be completed in the next 2 years.

One of the major landmarks for the region is the Formula 1 track. This has also contributed in boosting the real estate sector on the Yamuna Expressway, making way for a number of both residential and commercial projects. Moreover, in the coming years the first night safari in India has been planned on the Yamuna Expressway.

Connectivity:

Greater Noida is wonderfully planned in terms of road connectivity. With an eight lane expressway that connects to Noida and further to Delhi, it becomes an ideal residential location for all working professionals. Moreover, the Noida-Greater Noida offers alternate connectivity to Noida City Centre and also Ghaziabad.

Recently, a six lane highway connects the region to Ghaziabad. The roads within the sectors in Greater Noida are statistically planned making it a more convenient place for residing and commuting. Moreover, after receiving the approval for extending the metro lines to Greater Noida, a number of developers and builders have opted for the region to construct commercial as well as residential projects.

The International Airport at Jewar, located 21 Kms from Formula 1 track, makes Greater Noida easily accessible for people all across the globe. This has further increased the demand for property. 

Educational & Commercial Hub:

Greater Noida also homes few of the most prominent educational institutions. Two of the well known universities in the region are Universities like Galgotia and Guatam Buddha University. There are also many professional institutes and colleges that are coming up in the next few years.

Along with the institutes and colleges there are also many IT and commercial offices that attracts residents from nearby cities.

Investment Returns:

With comparatively low property rates it is a perfect time to invest in property in Greater Noida. The region offers low rates as compared to nearby cities like Delhi, Gurgaon and also Noida. However, with due course of time the value of infrastructure is expected to increase.

Thus, Greater Noida is a place where you will find educational institutes with international standards, hospitals with advanced medical care, commercial places consisting of all brands and residential spaces. The region grants immense potential for property investors. Individuals are striving to avail both personal and professional benefits from this place. The residential locations in Greater Noida are NRI City, Jalvayu Vihar, Swarn Nagri and Parasnath Platinum. Similarly, sectors that are fully developed are Alpha, Beta and the Gamma sectors, which are already inhabited by people.

Therefore, if you are planning on investing on property, Greater Noida should be your first option as it offers all that is required for a comfortable and easy lifestyle.

Things To Remember Before Buying A House

Every individual wishes for their own home at a certain age and aspires to invest in their new home without any hassle. Purchasing a new house comes with many prerequisite responsibilities. It is very important to consider certain things before making the investment. Given below are few basic points that everyone needs to consider before purchasing a house. 

Buy or Rent

It is always better to do a practical analysis whether you need to buy or rent a house. There are varied online forums that enable you to understand all parameters of home buying including amount for down-payment, prices of houses, home loan ROI, house price projected appreciation, rental charges and more. This would give you a better idea of what you should invest on.

  

Duration of Stay

With job opportunities stretching all across the globe, there are possibilities of moving to different locations. This implies renting a house. Under such circumstances you need to know if you can buy a house and pay the EMIs along with paying the rent. Make sure you buy a house if you are planning to stay there for at least 10 to 15 years.

Calculate Additional Cost

Always consider additional expenses like legal costs, charges for maintenance and parking, location charges.

Affordable Home Loan EMIs

Please note that EMI for home loan should be 40% of your net income if you have not taken any other loan. If the EMI exceeds over 50% you are likely to fall under other financial downscales. Therefore, do not leverage on loans that disturbs your finances.

Rise of Property Value

It is essential to evaluate whether the price of the property would appreciate quicker than the rate at which the loan is being paid. This would let you understand if it is a wise investment.

Possession of Contingency Fund

Selling property at short notice and breaking it up in parts in not an easy task as real estate market is not a liquid investment. It is necessary to have an emergency fund that takes care of subsequent expenditures for at least 3-6 months. Moreover, several banks offer home equity loans, top-up loans and overdraft facility. These can unlock property value only if it has no outstanding loan against it. It is advisable to possess adequate investments in near-cash instruments that could be used in case of emergency.

When Source of Income Stops

Always be prepared for the worst circumstances. In case your income is in standstill you must avail insurance cover that is equal to outstanding loans. Note that certain simple term plans would help you cover your lives for permanent amount.

Analyze Rental Income From Property

Investors may want to avail dual income from the property, like rental income and price hike capital gains. One might think that rental income is adequate for the EMI payments. However, in many Indian cities it is much low. Hence, it is important to understand the rental income of a property before investing on it.

Therefore, it is very important to have a thorough knowledge of the property before buying a house. An unplanned purchase might put your finances in trouble. So, plan wisely before buying your new home.

How investing today in Real Estate can give you great returns

Mark Twain once remarked, “Buy land, they’re not making it anymore.” In today’s scenario, this statement stands apt for real estate investors. There are several stories of apartments/properties from the 1950s which were bought for a few thousand rupees being sold in crores today. That is why, investment in real estate holds a prime importance in contemporary times as well.

Is real estate the best investment option compared to gold or equity shares or the evergreen fixed deposits? Let’s first define what is “real estate investment”?

 Real estate investment involves the buying, managing, renting and/or sale of real estate for profit. Improvement of property as part of an investment strategy is generally thought of to be a sub-specialty of investing called real estate development. Real estate is an asset form with limited liquidity and is considered to be highly cash flow dependent. 

  It’s a boom time for investors to invest in real estate because of the recent repo rate reduction (25% basis points) by The Reserve Bank of India. If you have been wondering how a repo rate cut effects you, it is a fair question indeed. It is the rate at which banks borrow from the central bank, the RBI, to meet their short-term (day-to-day) liquidity requirements.

 With the reduction, home loan rates are bound to fall and of course, the banks are happy. “It’s good time roll for home loan borrowers. Axis Bank taking the lead and cutting rates is a marked deviation from the past, when other leading banks such as HDFC Bank, SBI and ICICI Bank have been first movers. The sharp cut in deposit rates by Axis Bank in the past week, has helped the bank cut its lending rates faster.” – quotes The Business Line. 

 Mr Kaushal Jain, Director, Arihant Group talks about how Repo Rate Cut is going to benefit the buyer as well as the real estate industry as a whole. According to him, buyers can save around Rs 10,000 on a loan amount of Rs 50 Lakh. Sounds good? Watch the video below.

Conclusion

  Naturally, a fall in the interest rate prompts one to save less and spend more. Due to low interest rates, home loans will rise and this benefits consequently the real estate market. It is not advisable to keep saving your money in the bank when interest rates are low. This is because earnings on your FDs will be negligible at a time when economic activity is high as banks do not want to take the risk of raising funds at a high cost at a time when borrowing rates are falling.

  Residential real estate is one asset whose prices has risen in most markets of the country. Though analysts have predicted that the residential property market in locations such as the Delhi-NCR is ripe for a price correction, developers have been able to hold on to prices while buyers await a fall. Given the demand-supply imbalance, the trend is likely to continue and your investment will in all possibility stand good for you while other assets stand low. So, let your investments roll.

  What are your thoughts on investing in real estate market and Repo Rate reduction? Share with us.

New Real Estate Bill & Its Benefits to Home Buyers

 The Real Estate (Regulation & Development) Bill, 2016 has been approved by the Lok Sabha on 15^th of March 2016. The Bill elaborates on safeguarding consumer interest, efficient transactions related to property, enhanced responsibilities of the developers and lucidity in communications. The Bill is aspired to support both developers and consumers in order to understand the norms of property purchase and execute according to the agreement.

 Given below are the reasons why Real Estate Bill was required and its benefits to home buyers.

Why Real Estate Bill Is Required?

• Lack of trust amongst the investors and consumers
• Non-transparency in communication and less information about the project
• Intrusion of fly-by-night operators who end up wasting one’s life savings
• Fund diversions that lead to time and cost overruns
• Consumers are exploited due to one sided agreement
• Huge amount of black money being involved 
• Disagreement resolutions take imprecise delay in civil courts
• Unplanned developments due to nonattendance of regulator leads

Prime Features of the Bill:

• Applicable to commercial and residential real estate above 500 square meters and 8 apartments respectively
• Organizations for Regulatory Authority and Appellate Tribunal in States/UTs
• Assigning of Adjudication Authorities by Authority in order to sort disputes
• Mandatory registration of real estate projects and real estate agents with the      Authority if they wish to sell plot, building and apartment
• Developers are to deposit 70% of collections in separate accounts
• Provision for insurance of land title
• Consumers and developers are to pay same interest rate for any delays

Benefits to the Developers:

• To remove all the fly-by-night operators and make it easy for the genuine developers
• The Bill will inculcate reliability by enhancing the sector on basis of securities, banking, telecom, insurance, etc.
• Once the regulator comes into place, the long pending demand of industry/sector status can be granted. This will enable lower cost of funding for developers from various financial institutions.

  

Benefits to the Consumers:

• More transparent operations giving the buyers a detailed information on their choice of project
• Reduce unfair trade practices by disclosing the ‘carpet area’ for every project
• Remove one sided agreement by introducing Model Agreement
• Overruns of time and cost due to fund diversion would be restricted
• There would be proper price control by eliminating black money and speculations
• Eradication of indefinite delays in dispute resolution through civil courts
• The Bill offers preventive and curative measures, and powers to enforce specific performance

  With the passing of the new Real Estate Bill, it would now be difficult for promoters and builders to delay their projects. It also endows with setting up of a Real Estate Regulatory Authorities (RERAs). This shall guarantee timely execution of projects. The RERAs will standardize transactions related to both commercial and residential projects. Therefore, the Bill will protect every home buyer’s interest, establish efficiency in every property-related transaction and also boost transparency, while attracting more investments to the sector.

 What are your thoughts on the New Real Estate Bill? Share with us in the comment section below.

Real Estate Hope From Budget 2016

Real Estate Hope From Budget 2016

To achieve the Prime Ministers dream of “affordable housing” in the country, we have some expactation from Union Budget Today. We are trusting that the prospective Union spending plan 2016 will get real declarations terms of enhancing speculation and tax assessment atmosphere in land area. We are looking forward for the accompanying changes from the financial backing 2016.

Following are some Key Points

1. Single window clearance: At present the variety of consents and endorsements that designers are required to secure and the absence of single window freedom, it could take anywhere in the range of year and a half to 36 months before starting any undertaking. The greatest postponements in conveyance of houses happen because of deferral in endorsements of undertakings and powers have a noteworthy part to play in. An online single window freedom with absolute minimum human interface and exact due dates for endorsements won't just cut down the conveyances of the venture by no less than 3 years additionally the expense of the undertaking by no less than 15% which can further be gone on to customers. Going online will likewise help straightforwardness and control any extension for undue satisfaction in conceding consents, so in the event that any task should be put on hold or denied authorization, an online framework could plainly specify the explanations behind this.

2. Exemption limit on Interest on Home loan: On the individual tax collection front the legislature ought to raise charge conclusion limit for lodging credits up to 5 Lakh from present farthest point of 2 Lakh for each annum, a Rs 2 lakh cutoff might appear to be fine for a Rs 20 lakh house, yet for Tier 1 urban communities where lodging begins from a base Rs 50 lakh house, there present exception is careless. A comparable farthest point ought to likewise be set for foremost credit reimbursement from Rs 1 lakh at present, which would have positively affected empowering buy of homes, particularly by the millions and a huge number of first time purchasers the country over.

3. Service Tax Exemption for Residential Housing: Additionally to help millions and a huge number of first time purchasers to understand their fantasies, we trust that the private development ought to be taken out of 14.5% administration charge net in any case and this exclusion ought to cover the manufacturers and designers who are enrolled. Subsequent to the whole taxation rate is at last gone on the end purchaser, it will be the end customer who will be the recipient by the day's end, furthermore this is likewise a critical stride to accomplish the Prime Ministers long for "moderate lodging" in the nation.

4. Tax benefits on home loans: Secondly, instead of allowing home buyers tax benefits post-possession, the Union Budget should make a provision that allows these from the time they start paying interest on housing loans, that will reduce the tax burden on the home buyer and the developers may see an approximately 15% rise in sales as a result.

Arihant Group Wish You All Happy Republic Day 2016

Arihant Group Wish you all to Very Happy Republic Day. We are celebrate 67th Republic day of India.

This day we are become truly Independent. The Constitution was adopted by the Indian Constituent Assembly on 26 November 1949, and came into effect on 26 January 1950 with a democratic government system, completing the country's transition towards becoming an independent republic. 26 January was chosen as the Republic day because it was on this day in 1930 when the Declaration of Indian Independence (Purna Swaraj) was proclaimed by the Indian National Congress as opposed to the Dominion status offered by the British Regime.

Arihant Group turns out to be best private home

The most anticipated building of value foundation has gone to a Faridabad as most prestigious monster Arihant Group is accompanying a universal lodging range, in particular Arihant Southwinds. 

This private undertaking fills some amazingly hot offers that are shortly in vogue. Whether the outline part or structural engineering of the flat, quality is affirmed in each corner and guarantees in any case new extravagant life. 

Arihant Group is started working by 25 years and from that point forward it is developing so as to convey the quality administrations till now innovative and strong base. Long for getting pleasurable in abnormal living range is currently getting to be reality by the dispatch of rich Arihant Southwinds. Moreover, this venture has given the extraordinary emotions as well as opens the entryway of chances to the home purchasers. 

It's a nature of framework and Excellency of inattentiveness that makes Arihant Group the wealthiest realty proficient in the nation. 

· Location of the Arihant Southwinds is close to South Delhi. 

· The flat offers an improved availability to immensely essential pleasantries of Delhi-NCR 

· Completely secured by nature green magnificence and full water bodies 

The individuals who travel long separations every day for the working environment arranged in Delhi or whatever other city of NCR, they will clearly draw in with this mega private society. Moreover, a worldwide green environment guarantees to offers a well being focused way of life at Arihant Southwinds Faridabad. 

This is a live example of rich green magnificence planned by universally eminent modeler and tastefully molded green bodies around the circle of this most youthful private area which gives an exquisite atmosphere and perfect for living.