Paarth Infrabuild

Guide for First Time Home Buyers in Lucknow

Buying a home is one of the biggest decisions in a person’s life. Especially buying your first home can be a little overwhelming. There are a lot of question in a person’s mind about budget, location, which builder to choose, whether to go for an under construction property or ready to move in and so on. If you know what your exact requirement is, the entire experience of selecting the correct home for your needs will seem easier. As there are a lot of options available to buy Flats in Lucknow, a first time home buyer may get a little overwhelmed to make the entire process easier for you, we are providing you with a complete guide on what factors you need to consider while buying your first property in Lucknow.

Deciding your budget

The most important factor to consider while making a decision is the budget. Location and type of property will determine the price. This will help you narrow down properties in Lucknow while deciding. You may want to take into consideration your existing financial commitments and have an estimate of the EMIs that you are comfortable paying every month at a reasonable interest rate and tenure. You can calculate this using the EMI Calculator.

2. Deciding the type of property

The type of property you buy depends on factors like the number of family members and your budget. All this will help you decide if you want to go for an independent house or an apartment in Lucknow. This will also help you determine whether you want a 1 BHK, 2 BHK or 3 BHK flat.

There are various projects in Lucknow offering apartments in all sizes at various locations.

3. Focus on the location

Choosing the location for your home is one of the most important factors while making purchase decision. You should choose a location so that your school, office and other places that you need to commute on a regular basis are easily accessible. It is also important to have good connectivity with market, hospitals, railway station, airport and other such social infrastructure. The budget that you have decided will also pay a very important role in deciding the location of your property.

While buying a home in Lucknow, you may consider prominent locations like Gomti Nagar, Gomti Nagar Extension, Sultanpur Road, Golf City, Shaheed Path. These locations have easy accessibility to all the areas in Lucknow.

4. Choose amenities as per your needs

These days apartments in Lucknow offer a host of amenities like clubhouse, kids play area, amphitheatre, meditation zone, Power Backup, Gated Security.

Make a note of the kind of amenities that you require on a regular basis depending on the members of your family. For instance, if you have kids, it would be a good idea to consider an apartment which has a spacious play area. If you have elderly members in the family, you may look for amenities like park and yoga room. If you are buying home in a township, you will have easy access of the things you need on a daily basis as everything will be available in the campus itself.

You may select your dream home on the basis of your requirements.

5. Choose a reputed builder

Buying a home is probably the biggest investment of a person’s lifetime. Since a lot of time, money and emotions are attached to making this decision it is crucial to consider the builder reputation. Check the record of the builder and the company, how many projects has he delivered. There are a lot of reputed builders in Lucknow like Ansal, Omaxe and Paarth Infrabuild.

6. Selecting Home Loan

Since buying a home is a big investment, you will need to avail a home loan. You can talk to your existing banker or look for a project that is already Bank Approved. It is advisable to look for a Bank approved project in Lucknow as it is generally a more secure option as Banks usually do thorough investigation of the financial feasibility of any project before giving approval for loan.

A home loan also offers tax benefits as interest paid on home loan is tax deductible.

Do a thorough research on home loan rates offered by different banks and which is the best suited to your needs.

7. Verify if the project is RERA Registered

The property should be registered under RERA and you can check for the same on the official website of RERA. RERA ensures that the interests of the buyer is protected in terms of what the developer has committed to deliver. This ensures more transparency between the buyer and the developer. In case of any grievances you may reach out to RERA for assistance. So, always look for a RERA Approved Property in Lucknow.

8. Status of the Property

How soon do you want to move in and what kind of payment plan you are looking at will determine the status of the Property you buy. Whether you want to go for an under construction project or ready to move in will also further help you to narrow down your options.

9. Keep into consideration the additional costs

When you are working out a financial plan to pay for your house, do not forget to consider additional costs like property registration cost, property taxes and Maintenance Cost. All these will come into play after you have bought the house but they do make up for a considerable amount and need to be factored in your financial Planning. Do talk to your developer about an estimate of these cost before making the buying decision.

10. Know the Government Benefits available

The Government has several ongoing schemes for first time home buyers and you should find out if you are eligible for any. If you are a first time home buyer, you are eligible to avail income tax benefits under the sections- Section 80C, Section 24 and Section 80EEA of the Income Tax Act. Make sure to avail benefits that the government has to offer.

You may also check with the developer in Lucknow about the benefits you may get if you are eligible for any, on booking your home with them.

We hope this list can help you in making the decision of buying your dream home in Lucknow.

Ideas for Small Living Room

January 12, 2022 0 Paarth Infrabuild Lucknow Real Estate residential

“Small rooms or dwellings disciplines the mind; large ones weakens it” -Leonardo Da Vinci

With the rising population the need for flats and apartments. This leads to increasing the decreasing the size of the flats, which ultimately causes small living rooms, small dining rooms, rooms etc. It does matter that the living area of your flat is small don’t let it make clinch to your style. Just hang out! It is just tricks that make your eyes feel that the room is bigger than it appears. It is not some magic, it is smart styling. So here are some ideas for your small living room.

Room Paint

The Bigger the Better. You feel more alive and open in your flat if you have a large living room. Even the colour of the living room can make a difference. It is psychological fact that painting your room in a lighter and softer colour can help your living room feel bigger. Also, having larger windows and using mirrors adequately will make you feel your room bigger. On the contrary, darker shades will make you feel your room smaller.

Multi-functional furniture

It is very advisable that you should invest in multi-functional furniture. Following pictures are few examples which are your friends in need.

Rugs

A big carpet can be used to create a feel of large living room. Choosing a large rug in a bold pattern is a trick that creates a feeling of a larger room. Bigger rugs is continuous which does not break the floor.

Curtains

Light coloured or light shades curtains will aid in increasing illumination in the small living area. It is even advisable if the colour of the curtains matches with the wall.

Lighting

Lighting plays a very crucial role whether you a small or large flat. Placement of light in living area will make small living room feel big. The colour of the lights should be eyes soothing that should create irritation in the eyes.

Mirrors

If the living room of your flat is small, placement a right-sized mirror at the right place will make you feel your living room bigger in size. This will also help in illuminating your living area and add beautification to it.

If you want to be witness of these types small room living ideas, you can visit at flats in Lucknow made by Paarth Infrabuild (real estate developer in Lucknow) as Paarth Republic, Paarth Arka & Paarth Aadyant. Their small room’s living is so good and suitable for living.

7 Facts you didn’t know about Lucknow

January 7, 2022 0 Paarth Infrabuild Lucknow Real Estate Residential Properties

Lucknow is the second happiest city in India

According to the survey conducted by ‘IMRB International’ and LG Corporation, Lucknow is the second happiest city of India just after Chandigarh.

Hazratganj has no electrical wires

Hazrajganj one of the areas which is situated at the heart of Lucknow is unique in its own way. The electrical wires are all underground which adds beautification to this area. Really interesting fact about Lucknow.

Lucknow’s clock tower is the tallest in India

The clock tower of Lucknow which is known as Husainabad Clock Tower is the tallest clock tower in India. It was built in 1881. This clock was built as a replica of BIGBEN clock tower of London.

Lucknow Railway Station

Lucknow Railway Station is the place where Mahatma Gandhi met Pandit Jawaharlal Nehru for the very first time in December 1916.

Lucknow has the longest Race-course

The race course in the city is the longest one in India. The length of the track is 3.5 km. It was established in 1880.

Bara Imambara is the largest hall in Asia:

The construction of Bara Imambara hall was started with a sole purpose of providing employment to the people. It took six complete years to complete this hall. The construction of this hall was completed in the year 1791. It is also the largest hall in Asia without any external support from wood, iron or stone beams.

Reservoir of Crocodile and Alligator

Kukrail Garden located in the city is said to be the largest crocodile and alligator reservoir in the Asian continent.

Apart from these there are many beautiful apartments and township as Paarth Republic, Paarth Arka, Paarth Aadyant and Aryavarta Empire where you can buy flats in Lucknow and live there. I hope you like these facts about Lucknow.

All you need to know about living in Lucknow

January 5, 2022 0 Paarth Infrabuild Lucknow Real Estate Residential Properties

Muskuraiyein, ki aap Lucknow mein hai“

That’s how you are welcomed in the capital and the largest city of Uttar Pradesh, situated on the banks of river Gomti and about 45 miles (72 km) northeast of Kanpur. Lucknow is not just a city, with a rich heritage to its name, the city of kebabs and nawabs resonates the treasure of architecture and history, of literature and culture – in a nutshell.

The city of Nawabs as the slogan of the city says the region has a slice of rich colonial history to modernized museums, this artistic hub of Awadh, beautifully brings together the opulence of a glittering past and the simplicity of a modern city. And if you thought this is all, we have something special for you, According to the survey conducted by ‘IMRB International’ Lucknow is the second happiest city in India. As of November 15, 2017, which is merely 70 days into its operations, the Lucknow Metro has crossed the 10 lakh mark in terms of ridership.

City the Beautiful –

Old Lucknow –

Rumi Darwaza, the Mughal Gateway built in the centre of the capital divides Lucknow into ‘Old Lucknow’ which is ancient, crowded, a bit narrow, and a big food hub, wholesale jewelry lakhnavi chikan market. On the other hand and the ‘New Lucknow’ is urban and one of the most planned cities of Asia.

New Lucknow –

With sprawling shopping malls, parks, Hi-rise buildings, international cricket stadiums, wider roads, planned architecture make the city a true cosmopolitan with people of varied cultures and areas from across the country. The most famous among these are the parks like Ambedkar Park and the Gomti Riverfront Park, both ideal places truly give the sense of calmness within the chaos. The families, tourists, and locals can daily be seen taking a walk or admiring the built of the structures during the evenings or even late nights.

For the shopping frenzy, you have Hazratganj, which is the mouth-watering space for shopping, food, and some unique experiences like – you don’t see electric cables hanging around that enhances the beauty of the area like never before and more so if you have an eye for detail, you see most of the shop’s names, and signage marked in black and white only. Right from the international wizards like Nike, Pepsi, Gucci to the local shops, all of them are marked in black and white signage throughout the market. For foodies, the same place offers its world-famous ‘gol gappe’, ‘chaat’ and ‘kulfi’ eateries, posh Mughlai restaurants, and various shopping complexes. All the buildings in Hazratganj have a distinct Victorian architecture, and you can shop for literally anything – starting from inexpensive accessories and trinkets to high-end clothes, shoes, and jewelry.

The people of Lucknow are known for their courtly manners and endearing ‘Pehle aap‘ (you first) culture, which always leaves behind a smile on the faces of its visitors.

Education

Lucknow is the home to a number of the various prestigious institute that includes

Indian Institute of Management Lucknow (IIM-L),
Indian Institute of Technology Lucknow (IIT-L),
Institute of Hotel Management Lucknow (IHM-L),
Indian Institute of Toxicology Research,
National Botanical Research Institute (NBRI),

The University of Lucknow and many more. You hardly find so many important institutions in a single place and that is the beauty of the city. Let it be higher studies or the school level, Lucknow offers the best of the best and hence if you are living in the city you don’t migrate to other places and save a lot of cost and family time.

Sports

Lucknow is the Headquarter for the Badminton Association of India. Junior level Badminton players receive their training in Lucknow after which they are sent to Bangalore. Also, The Lucknow Race Course in Lucknow Cantonment is spread over 70.22 acres (28.42 ha); the course’s 3.2 km(2.0 mi) long race track is the longest in India ^a.

Not only this, but Lucknow also hosts the International standard Cricket stadium, Various cricket academies, Tennis academies, Major Dhyanchand Hockey Stadium to name a few.

Climate

Being a landlocked city and quite away both from the Sea and the Mountains, Lucknow runs in extreme weather conditions. All the variants of the weather can easily be witnessed in Lucknow throughout the year.

Winters in Lucknow – From November to March is the winter season and is the best season to visit the city. With the minimum temperature going as low as 2 degrees one can enjoy the fog and dim sunlight during the days. Summers in Lucknow – April, Ma,y and June dry, hot and windy with the mercury soaring to as much as 45 degrees, the city reels under extremely humid conditions during the Monsoon rains during Jul August, and September.

If you planning to buy an apartment or flats in Lucknow? Rush to the projects by Paarth Infrabuild, which are constructed keeping in mind the different requirements of the buyers. Paarth Infrabuild offers luxurious and comfortable household spaces which will match exactly with your dream house. There are four major projects by Paarth Infrabuild i.e. Paarth Republic, Paarth Aadyant, Paarth Arka and Paarth NU. Each project is different and has its own unique features and all the projects are eco-friendly.

How a middle income person can buy a house

December 31, 2021 0 Paarth Infrabuild Real Estate Real Estate Industry Residential Properties

“Kyunki Apna Ghar toh Apna hota hai”

Have you ever thought that if money was never an object you could have bought your dream house? That might be a cozy villa having a private garden as well as swimming pool or a private condo having sea view like it is shown in James Bond movies. Thinking? You might go out of your budget.

Everyone has an idea of their dream homes but as money as an object comes into the picture your aspirations are toned down. Most of the home-buyers when decide to convert their dream home into reality by stretching their finances they might end up denting their finances. But not anymore, affordable housing scheme helped many people to fulfill their dreams to buy their own house. The slowdown in real estate sector also lightens the burden of the buyer. A few years back rates of the property were hitting the roof but today home-buyer can a find a place to dwell for spending their life with their family.

The vision of Modi government that every citizen of India has their own house by the end of the year 2022. To back this vision the government is pursuing and encouraging the builders to come up with projects that fall under affordable housing schemes. Under this scheme, the target is to make house between 10lakh to 30lakh so that lower and middle class group can afford it. Even the home loans are available at a very economical rate. This will lead to increase the quality of living standard of people.

Projects under the affordable housing schemes are launched in states Punjab, Uttar Pradesh, Rajasthan etc. and the state government is providing all the possible assistance to the builders. As per Times of India, their government has made two classifications for Middle Income Group (MIG).

MIG-I having an income of 6-12 lakh will get loan up to 9 lakh with interest subsidy of 4% for a tenure of 20 years. Therefore at the end of tenure, the borrower will end up paying an interest subsidy of 2.35 lakh for 9 lakh.
MIG-II having an income of 12-18 lakh will get loan up to 12 lakh with interest subsidy of 3% for a tenure of 20 years. Therefore at the end of tenure, the borrower will end up paying an interest subsidy of 2.30 lakh for 12 lakh.

The Housing and Urban Development Corporation (HUDCO) and National Housing Bank (NHB) have been acknowledged as central nodal agencies to channelize this subsidy to the lending institutions, including banks and financial institutions. Therefore, small banks, non-banking finance companies and micro-finance institutions will be recognized as primary lending institutions under the scheme.

Additional loans are also available at a non-subsidies rate. Under the scheme, widows, single working women, persons belonging to SC/ST, OBC, differently abled and trans-genders will be given preference.

If you looking to buy flats in Lucknow, there are best real estate developer named “Paarth Infrabuild” provide affordable residential flats for middle class people.

Lucknow, a Real Estate Hub

December 22, 2021 0 Paarth Infrabuild Lucknow Real Estate Real Estate Industry

As soon as we think about the Capital city of Uttar Pradesh, Lucknow emerges as the city of Nawabs, its lazy yet elegant persona, the Imambadas, Rumi Darwaza, the ever inviting Bhool bhulaiya, or the mouth-watering food. But that’s not all, Lucknow is very quickly becoming the hub of Real estate hub for the region. Let it be the government policies or the urban real estate development in the vicinity, Lucknow is the finest example of urbanization of India. In Lucknow there is a best real estate company named “Paarth Infrabuild” offers luxury flats in Lucknow at affordable price. There are many reason due to which we can say Lucknow is a Real Estate Hub.

Location Matters –

Lucknow is very centrally located within the boundaries of Uttar Pradesh and enjoys excellent connectivity with all the major cities when it comes to the Uttar Pradesh region. Right from neighboring Kanpur, Agra, Jhansi, Varanasi, Prayagraj to the National Capital New Delhi, Noida, Ghaziabad, and the city is very well connected by all the possible modes of travel like Air, Rail, and Bus. Outer ring road completion will connect the city with 104 villages, as many as 6 state highways, and 5 National highways.

The Real Estate Growth –

Also within the city, Lucknow Metro has opened the flood gates of the Real estate sector to boom. Locations like Shaheed Path, Gomti Nagar, Sarojini Nagar are not the OUTER part of the cities anymore, you can very easily see skyscrapers mushrooming all around. With the Malls, Newly constructed Hi-rise Apartments, Schools, and Multi-Specialty hospitals in the close vicinity, Lucknow is emerged to be the next cosmopolitan city of North India

Why the Hub

Being an old city with narrow roads, cluttered colonies, busy Market streets, the new age Real estate developers have understood the requirement of living in open and bigger spaces with all the modern amenities like a Swimming pool, Kids Play Area, Clubhouses, Badminton Courts, Yoga, and meditation Area, and jellying perfectly with government’s KHELO India campaign mostly all of the real estate developers are providing Cricket stadiums with academies, Football or Basket Ball courts, and state of the art indoor games facilities and no wonder Lucknow is already providing some world-class athletes. On the commercial front, the new age office spaces and co-working spaces are also cropping up in the downtown areas of the city and the best part is they are well connected with the so-called old and the new city.

Latest Trends

The trends especially those in the Real estate industry indicate that the individual let it be a high-end investor or the mid-range buyer is looking beyond metropolises that offer a lifestyle. Where they can not only live a carefree life but also have all the facilities that are required to be in the nearby areas. The high rise is not only a trademark of a Metropolitan city this has created an untamed opportunity for the real estate developers to take advantage of the untapped consumer demand that is increasing day by day.

Growth and Opportunities in the Real Estate of Lucknow

The real estate industry in Lucknow has emerged in all sectors especially in the residential and commercial sectors. With the growing GDP of the countrymen and the Lucknawis, the cost of real estate lands as well as the high-rise apartments with the Commercial spaces are yielding clear results. The rapid growth of the IT sector specifically has attracted a lot of crowds from the various parts of Uttar Pradesh. According to the Master plan of 2021 197 perimeter villages are included in the proposal.

A Contributor

“Lucknow is playing a pivotal role in making the state of Uttar Pradesh march towards its goal of becoming a $1-trillion economy. The city of Lucknow alone contributes to more than 3.85% of the state’s GDP and is already the hotbed for real estate players from all around the country. The MAKE IN INDIA initiative of the government also paved its way to attract the major manufacturing players to set up their units and the existing ease of doing business makes the area even more sort after places.

Facilities in Lucknow

No wonder Lucknow is present in the list of top Smart Cities in India, and no guesses for the answers to the factors that make it one of the top gainers in the list.

Transport – The presence of Metro has just added one more feather in the decorated transport facilities of the city and connectivity of Bus, Rail and Air already gives Lucknow an edge over the rest

Water supply – one of the most essential aspects to make a city-run, the water supply in the city has seen a lot of improvement, thanks to the government policies and the NGOs that are working towards the betterment of Lucknow.

Educational institutions – One can count big when it comes to the education in Lucknow, IIM Lucknow, IHM Lucknow, Citi Montessori school Babasaheb Bhimrao Ambedkar University, Amity University, Sanjay Gandhi Post Graduate Institute of Medical Sciences (SGPGIMS), Central Drug Research Institute, Central Institute of Medicinal and Aromatic Plants, Medanta, Sahara Hospital, Central Institute of Plastics Engineering and Technology are merely some names that itself shows the class.

Top Residential Areas in Lucknow

Past Decade has seen a lot many cities where the real estate sector is growing have witnessed extraordinary expansion in the infrastructural and overall facilities. Lucknow at the same time is experiencing, expanding, and upgrading its infrastructure to accommodate the people not only from the city but from the nearby villages and cities. Lucknow offers something for everyone, right from the local jhuggis to the expansive Villas, farmhouses, and the High-rise apartments Lucknow witnesses an array of residential and commercial developments. To name a few we have some areas that will automatically take us to the scrumptious cuisines or the Real estate developments. However, if you are not from Lucknow just have a look at the world-famous places like Hazratganj, Gomti Nagar, Aliganj, Janki Puram, Bhootnath, Alambagh, Shaheed Path, Mahanagar, Indiranagar, Patrakar Puram, Vibhuti Khand, Faizabad Road, Kanpur road to name a few.

Everything you need to Know About Paarth Aadyant

July 22, 2021 0 Paarth Infrabuild Real Estate

I had been looking out for a flat in Lucknow for a few days. I did see a number of condominiums in Gomti nagar extension, Gomti nagar, Raebareilly road and other good areas. But nothing really appealed to me. And then, my broker took me to Paarth Aadyant, located in Gomti nagar extension area, and afterwards I didn’t need to visit any other place. Let me tell you everything that you need to know about this project.

The project is located at a kissing distance from the most modern mall in Lucknow, Phoenix Palassio. That renders this whole area a feeling of happiness and celebration. The best part is that despite being so close, the unruly traffic around the mall doesn’t affect the entrance to Paarth Aadyant. If that is not enough for a great location, the other attraction nearby will make you drool. Yes, the only international cricket stadium of Lucknow, Atal Behari Vajpayee cricket stadium is close by. In fact, so close, that you could enjoy a day and night match at this stadium from your flat’s balcony.

However, what I was really keen to have in the vicinity, was good medical facilities. I guess in the current state of our minds, all of us consider this as an important criteria. Medanta hospital, equipped with the best health care facilities available in Lucknow is at a stone’s throw. But what really clinched the deal in the favour of Paarth Aadyant is the fact that this area is so calm and quiet despite so much life just outside. The entry and exit to Shaheed path is easy, which makes its connection with any part of the city, including the airport and the railway station, a quick and comfortable journey. Yes, if you have experienced the rough roads in Lucknow elsewhere, you can’t agree more with me.

I was also told that the best schools of the town, City Montessori school and Delhi Public School are located in close vicinity. And I could also see the building of head office of Dial 112 and UP Police headquarters. Therefore, I will not have to worry about studies of my kids and also the area is highly safe and secure. Presence of WalMart store and other proposed infrastructure projects will continue to add interesting features to the area.

Now is the time to take you to the inside of this project. Trust me, if the locality made you drool like I did, the inside of the project will make you go green with happiness. Yes, Green is the colour which you see all around you in the form of landscaped gardens in the project. With a high green area to construction ratio, the seven towers in the project look like sprouting out from ground, surrounded by foliage. The entry was grand with three tier security and a safe perimeter offered a sense of security, I could trust.

As we entered the complex, the scenes of happy kids running around and playing in the kids area was enchanting and watching old people sitting on the garden benches enjoying their laughs and discussion was very satisfying. Another concern ticked off, I now don’t have to worry about my old father feeling lonely at home. Some kids were taking a karate coaching, while some other were riding their bicycle and all this was making the entire atmosphere full of unbounded joy. It all looked like too good to believe. Frankly, if I was not there myself and someone had explained it to me, I would not have believed it. So I won’t blame you if you are not being able to trust this completely. The only solution – Go and check for yourself and come back as mesmerized as I am.

I passed a few residents on my way to the sales office and spoke to a couple of them. They looked happy with their investment decision as they have experienced good appreciation of their investment and finding that the developer has done a very good job in providing quality and services. I then, visited the sample flat. It was a 3BHK flat ( I am told that all the 2 BHK flats are already sold, too bad!!). The bedrooms were spacious and provided enough privacy from the living area. The attached toilets were well done up and looked quite contemporary.

The living area opens into a large balcony, so my dream of creating a terrace garden will also be fulfilled here. I was thrilled as I glanced down and felt the merging of my terrace garden with the landscaped gardens below. The best part was that this balcony was not overlooking into any other balcony. At this stage, my broker reminded me that the project covers an area of 14 acres and has only 536 flats. Which meant that per flat land coverage is the most in this project compared to any other project nearby. No wonder, I always found the other projects from some of the big names too cramped and claustrophobic. Thank God for small mercies, there is a place possible to own with good breathing space.

Oh, but before I come out, I must tell you about the kitchen. The kitchen has been designed very efficiently. In addition to good use of space available, the service balcony and large window make it awesome. There is good light in the kitchen and it is well connected to the dining area. The servant room was not cramped for space and had opening outside, ensuring safety for occupants.

The features of the club were also shared with me. It is going to be one of the best clubs in an apartment complex when completed. A large Swimming pool with a gym and area for other sports, makes it perfect to enjoy the leisure time. The location of the club is excellent and I am already planning to have a duel at badminton with my brother here. The amphitheater, the basketball court, the sitting areas with pergola and beautiful jogging track left me completely speechless. Guess, if I had asked for anything more today, I would have got it.

I came out highly impressed. The developer team also told me about the wonderful legacy of the developer and the fact that they have multiple projects across Lucknow reaffirmed my faith in it. I have now already booked my home here, when are you doing the same?

Why Gomti Nagar Extension is the best residential area in Lucknow in 2021?

April 14, 2021 0 Paarth Infrabuild Real Estate Real Estate Industry residential Residential Properties

If you are looking to buy a home in Lucknow this new year, you must read this piece before you make a final decision. Why? We have looked at various localities of Lucknow and are then making an informed suggestion to benefit you both in short as well as long term. You need this advice because a home buy will probably be the biggest purchase you will make in your life.

Why Gomti Nagar Extension is the best residential area in Lucknow in 2021?

Lucknow is one of the fastest growing cities in India and has increasingly emerged as the preferred choice for buying a home for anyone in eastern and central parts of Uttar Pradesh. A well laid out basic infrastructure, already functional metro rail, an international airport and excellent network of roads provide the basic wherewithal for a tension free life here. Added to this is a well – educated and one of the most civilized population groups in India. This is also the seat of political, judicial and executive power of the largest Indian state of Uttar Pradesh. With a stable government at the hub, the opportunities galore in this futuristic town.

When one looks at Lucknow, the city has grown in all the directions in last few years. There are developments in Gomti Nagar extension, Raebareilly road, Sultanpur road, Hardoi road and Kanpur road. However, if you ask anyone in Lucknow his preference for buying a new home, the answer in all likelihood will be Gomti Nagar extension or Shaheed path (which is the official name), unless there are budget constraints, one is facing. The rental values for flats in this area are easily 1.5 times a similar apartment in the second best residential area. Despite a relatively new development, the locality is being considered even by old Lucknowites to move in and stay.

The question is then, why this rush to buy homes in this area. To get the answer, we should look at multiple factors. Gomti Nagar extension has an excellent connectivity to the airport and the railway station through Shaheed path. The second thing one looks at is the amenities in the area. Whether you look for entertainment facilities or shopping area, there is no close rival to this location. The largest and the newest mall, the phoenix city mall is located here, which has got a gaming area and a multiplex. There are multiple facilities for sports with an international cricket stadium, Ekana cricket stadium located here. The area is also blessed with many schools affiliated to different boards, where students from all over Lucknow prefer to study. The medical facilities in the vicinity are the best in the town.

Another reason why this locality emerges as the most preferred destination for home buyers, is the most modern apartment complexes on offer by the best builders in the town. Whether it is large north India based developers like Ansal or Omaxe or one of the best developer of UP, Paarth Infrabuild, the properties on offer here have the most modern amenities.

Paarth Infrabuild offers the best located projects Aadyant and Arka in this cluster. These projects are situated adjacent to Phoenix city mall and the cricket stadium and have the best amenities on offer.

Integrated township living – Need of our times

April 12, 2021 0 Paarth Infrabuild Real Estate Industry residential Residential Properties

Imagine living in a neighbourhood where everything you need is a stone’s throw away. Sounds too good to be true? Well, integrated townships have made this dream a reality and therefore, have fulfilled a lifestyle need of new age home buyers.

Integrated township living – Need of our times

Self-sufficient integrated townships are fast becoming the order of the day, and are popular among developers and residents alike. It is an ultra-modern and cosmopolitan real estate model, featuring the combination of residential and commercial complexes with associated infrastructure such as schools, colleges, shopping centres and various other facilities. Traditional urban living is plagued by a range of issues such as overcrowding and shortage of space. Integrated townships help combat these problems by creating miniature urban ecosystems that offer an abundance of space, security and accessibility. From cost-effectiveness to convenience – the range of benefits offered by integrated townships are endless.

Easy Access to Essentials
The COVID-19 pandemic served to demonstrate the need for easy accessibility to essentials, as the movement was heavily restricted. Living in an integrated township ensures that you never have to worry about getting to a supermarket or hospital again. All the benefits of city life are offered within the project, with all essential services being available at close vicinity. By choosing an integrated township, you can wave goodbye to all the hassles of commuting!

Perfect Environment for Children
Urban environments are causing children to become increasingly cooped up in cramped apartments, resulting in excessive use of technology and lack of exposure to open, green spaces. Integrated townships effectively combat this issue through the creation of numerous public spaces for children such as parks and playgrounds. Moreover, the presence of creches and day-care centres make it a convenient place to raise children, with heightened security also ensuring peace of mind for parents. Townships enable children to grow up in safe, clean and green spaces, with no dearth of opportunities to run around and enjoy their childhood.

Great Value for Money
While a township property may seem like a large investment, a closer look reveals that it is more cost-effective than buying an independent property. As townships are often located in the outskirts of cities, they offer a wide range of amenities at reasonable prices, while ensuring great connectivity to the main city. Moreover, townships offer a better return on investment and great potential rental incomes. Additionally, integrated townships offer the added advantage of lower maintenance costs, as service taxes and maintenance charges are distributed over a large population.

Enhanced Lifestyle
Apart from essentials such as schools and supermarkets, integrated townships also feature a range of facilities and benefits to enable an optimal lifestyle. These projects offer an escape from the claustrophobic city, with an abundance of ventilation, greenery and open spaces. Moreover, the reduced need for long commutes also allows you to spend more time doing the things you love. Provisions for jogging, yoga, meditation and other enjoyable activities make living in integrated townships an extremely wholesome and satisfying experience.

There are, however, very few integrated township projects in Lucknow. Paarth Republic is one such project, which is in advanced stage of development and offers various residential options to meet requirements of different budgets.

Increasing demand for 3 BHK apartments

April 6, 2021 0 Paarth Infrabuild residential Residential Properties

The real estate market in India is going through an interesting phase. While on one hand, the reducing home loan interest rates and stable prices are attracting new home seekers, the current home owners are looking to upgrade on the other. The mid income segment housing space is heating up and the data suggests that there is a fast increasing trend in enquiries.

The data for different towns and projects in India shows, that over the years 2 BHK homes were most preferred by new buyers everywhere. This also resulted in a skewed planning by developers, which favoured a higher percentage of homes to be constructed as 2 BHK and very few as 3 BHKs. However, with improving income levels and increasing lifestyle demands, a certain shift towards 3 BHK apartments is being observed. These 3 BHKs are also offered in some cases as 2BHK+study configuration, making these more affordable, while providing that extra room that can be used as needed.

If we look at the evolution of this demand, we can find a few strands of it in the way the society is growing. As the nuclear families have become more common and a typical family has 4 members, including 2 kids, the requirements of 3 rooms beyond the living room is a basic requirement for a typical middle class family in cities. It is no more an acceptable trend to accommodate guests in the main bed room or in some temporary sleeping area. The kids rooms are also designed in a way that they can’t be used for guests, therefore the need for a third bedroom is felt by most mid-income families.

Another reason, why this trend for 3 BHKs is increasing is the affordability. The incomes have increased, while the prices have not moved up for homes over last 3-4 years. With interests on home loans at the lowest ever levels, suddenly the same EMI can help buy a bigger apartment. There are instances across India, where a builder has also helped the existing buyers waiting for possession, upgraded to a larger unit without changing the financial impact to the customer, using a decrease in interest cost of nearly 2-2.5%, to cover for the additional unit cost. That has also been welcomed by buyers.

A huge jump in 3 BHK homes in non-metro towns, like Lucknow is also observed due to the offered price point. A 3 BHK home in Lucknow can be bought for 60-80 lac, a sweet price point for most families. The other reason which has apparently pushed more people towards a larger unit is the impact of work from home employees. With pandemic starting a new preference both for employees and employers, where work from home is quite acceptable, the need for larger homes is felt more than ever. The extra room which can be used as a temporary office setup, can also be used as a guest room, when needed.

Paarth Infrabuild offers beautiful and well-designed 3 BHK homes in different projects in Lucknow at prices which are attractive for md-income families.

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