Paarth Infrabuild

Stop Your Search for Your Service Apartment with Paarth Infrabuild

Lucknow, the city of Nawabs, is developing at a very fast pace. With the introduction of metro rail in 2017, Lucknow has joined the league of others in becoming a smart city. This has also led to a boom in the real estate market in Uttar Pradesh. Investors are keen to pick the right investment options in real estate to reap the maximum benefits in the future. Several business houses are also setting up offices in Lucknow and exploring the options to set up service apartments for their executives. Finding the right service apartment which is at a great location, offers amenities and ease of access, and within the budget can be challenging. But with Paarth Infrabuild, you can be assured – you are in safe hands!

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Why Paarth Infrabuild?

Paarth Infrabuild is RERA certified top real estate developer in Lucknow. Through the years, Paarth Infrabuild has earned a name for itself to become a reliable, recognized and recommended name in the real estate sector.  Development of residential property is one of the key forte of the group. Paarth Infrabuild prides itself in setting the benchmark of innovation in the real estate industry.

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It has developed 4 major projects in Lucknow customized to the needs of the clients. The residential projects developed come with premium fittings & fixtures along with round the clock power backup, excellent ventilation & designs that ensure optimized natural lighting, and word class club facilities.  To ensure maximum safety of the residents, earthquake resistant RCC frame structure is used for construction. Paarth Infrabuild is an environmentally conscious company and reduces its carbon footprint by using eco-friendly building materials and technology.

Choosing the right project for the best service apartment

A service apartment is a cost-effective option which comes with all the basic amenities of a hotel but is substantially cheaper than hotels. A recent trend indicates that business travellers are likely to prefer a service apartment over a business hotel due to the extra space, privacy and flexibility offered. So it is important to choose the right residential project which can house the service apartment. Each of the four projects developed by Paarth Infrabuild offers something unique to suit your needs. If you are looking to buy a service apartment at one of the projects of Paarth Infrabuild, the dedicated customer service team at Paarth Infrabuild is available 24 x7 via email, phone, chat, and social media. Please visit: https://www.paarthinfra.com/ to know more.

Unbelievable Facts about Real Estate in Lucknow!

Lucknow, the capital of Uttar Pradesh, is famous for its rich cultural heritage. At present, it is also one of fast emerging metropolis in the country. Lucknow is on the list of being declared as a smart city.  The city has witnessed a level of investment and influx of migrant population. Several industries and government organizations have opened offices in Lucknow. In a nutshell, Lucknow is experiencing economic boom. Together with the economic boom, the real estate market of Lucknow is also booming. It has become one of the preferred destinations for people residing in other cities of Uttar Pradesh as well. Investors are flocking in from different cities of Uttar Pradesh such as Allahabad, Bahraich, Barabanki, Kanpur, Sitapur, Sultanpur, Varanasi, and Unnao to Lucknow in search of their dream home.

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As per the data available in 2018, the National Housing Bank’s price index for under construction properties has recorded an overall increase in 39 cities with the maximum price growth of 9.4% recorded in Lucknow.

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It is abundantly clear from the above – the real estate market in Lucknow is booming. But ever wondered why did the sudden boom in real estate sector happen? We have set out a few key reasons responsible for the growth story of real estate in Lucknow.

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As indicated above, there are several reasons that have led to the massive boom in the real estate market in Lucknow.

Social Infrastructure: Lucknow is very well connected when it comes to the social infrastructure. The city has four highways: NH 24 connects Delhi, NH 25 connects Bhopal via Jhansi, NH 28 connects to Mokama (Bihar), NH 56 to Varanasi and four State highways viz. SH 25 connects Hardoi, SH 36 connects Rae Bareli, SH 56 connects Sultanpur and SH 40 connects Mohaan.  Amar Shaheed Path or an elevated road, starts from Gomti Nagar and ends at Kanpur Road and connects large parts of the city. Lucknow also enjoys great rail and air connectivity. The icing on the cake has been the development of Lucknow Metro. This has resulted in the development of a number of real estate projects.

The Real Estate Developers: Residents of Lucknow are attached to the city. They have bought plots of land for their forever homes. Research indicates that Lucknow has witnessed private developer presence more than 30 years ago with planned plotted developments by some local developers. In the last few years, several real estate developers have entered the market. These developers have helped in the establishment of multi storied projects and modern townships.  The developers have also purchased plots of land which are auctioned by the Lucknow Development Authority or the Uttar Pradesh Housing and Development Board. Majority of these lands are in and around Faizabad Road, Gomti Nagar Extension, Rae Bareli Road and Hardoi Road. Accordingly, a number of real estate projects have come up in these areas.

The Boom in Population:  Lucknow has also witnessed a phenomenal growth over the last few years. Policy initiatives of the government and the boom in the economy have resulted in job opportunities, growth of business and a better standard of living. This has also led to an increase in the population of the city. People from neighbouring cities are now migrating to Lucknow in search of a better quality of life. This has provided a boost to the realty in Lucknow as well.

Easier Sources of Finances:  Borrowing a home loan has become easier than before. Banks and NBFCs have slashed the home loan rates substantially. In fact, SBI offers the Lowest Home Loan Interest Rate Starting at 8.40%.  Access to cheap home loan rates also means that people have more liquidity to afford real estate. As a result, the real estate sector has received a fillip.

Rise of Medical Tourism in Lucknow: The city is a growing hub of medical tourism. It attracts a lot of patients from Nepal every year. The government of Uttar Pradesh is committed to make Lucknow one of the top medical destinations in the country. Several multi speciality hospitals have been set up in Lucknow with world class facilities. This has resulted in the influx of both patients and medical professionals looking for housing options in Lucknow. Therefore, rise of medical tourism has also led to the growth of real estate developers in Lucknow..

10 Top Locations in Lucknow for Your Dream Home

Lucknow is an upcoming smart city in North India. The city offers a good blend of luxuries of a smaller town and the advantages of a metropolis. The social infrastructure of Lucknow has made it one of the most desirable cities to live in. Lucknow is slowly emerging as a residential hub. Great homes within an affordable price range sweeten the deal for home buyers. Due to this, several real estate developers are building world class residential properties in Lucknow. A quick search on the internet will throw across 500+ names and the projects developed by them.  There are approximately 1029 ongoing and developed projects in Lucknow. The starting price is as low as INR 4.5 lakh for certain areas. A potential home buyer is clearly spoilt for choice!

The dilemma that you may be faced with is finding out the ideal location for your dream house. How do you know which are the best locations of Lucknow to live in? Surely, you don’t want to invest in a property which is at a very remote location? To ease your worries, we have put together a list of the top 10 locations in Lucknow for your residential property.

  1. Gomti Nagar Extension Lucknowgomti-nagar-extension.jpeg

This is top choice for anyone who wants to buy a Flats in Lucknow. Gomti Nagar Extension Lucknow is a purely residential area. It has been developed by the Lucknow Development Board. It also houses several government offices and is a commercial hub. Gomti Nagar Extension offers homes which give you maximum open space. The roads in Gomti Nagar are broad and well connected. It also has a number of shopping malls, cafes, marine drive and parks. Bonus point is the amazing connectivity offered by the Lucknow Metro. In the last few years, Gomti Nagar has also witnessed several residential projects. The starting price of a 1 BHK flats in lucknow in Gomti Nagar is INR 27 lakh.

2.Hazratganjflats in hazratganj in lucknow

Hazartganj is truly the heart of Lucknow. It is one of the posh residential neighbourhoods. There is an understated Victorian charm about Hazratganj which makes it an ideal location. It is also home to who’s who of Lucknow.  Hazaratganj houses the famous biriyani places as well as the first shopping mall of Lucknow. Given it is a posh locality; the property prices are slightly higher. The starting price for a 1BHK is approximately INR 80 lakh.

3. Alambaghflats for sale in alambagh in lucknow

This locality is known for historical reasons. The area was converted into a fort during the sepoy mutiny of 1857. Over the years, it has also become a preferred choice for home buyers. Alambagh offers a great lifestyle and a host of amenities too. Cafes, malls, schools and colleges are located close by. It is also close to the Lucknow- Kanpur highway. The airport is easily accessible from Alambagh. As an upcoming residential hub, you can score a property for as cheap as INR 4.5 lakh.

4. Jankipuramjankpuram2

Jankipuram is a prominent suburb of Lucknow. The area has developed a lot over the last few years. Far from the maddening crowd of the city, Jankipuram is for those who want a quiet and peaceful life. At the same time, it has a great infrastructure and access to a number of amenities. It is well connected to all major areas of the city. You can easily land a 2BHK at Jankipuram for about INR 28 lakh.

5.Mahanagarflats for sale in mahanagar lucknowAnother great locality for a residential house is Mahanagar. It has a lot of open spaces and large plots. It is well connected to Gomti Nagar, Aliganj, Hazratganj and Kapoorthala. There are a number of great stores around this area as well. The average price for a spacious 2 BHK would be close to INR 70 lakh.

6.Indira Nagarindiranagar

It is a high end residential area. It is divided into block and sub-blocks. There are many car showrooms which are located in Indira Nagar. It is well connected to the other parts of the city. A lot of independent houses are also available in Indira Nagar. The average price of a 2 BHK will cost you around INR 24 lakh.

7.Sushant Golf City

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This is a township which is spread across 6465 acres. Located on the Lucknow-Sultanpur Highway, this can be termed as a modern township. As the name suggests, it has a sprawling 18 hole golf course. It also offers luxury villas, great landscaping, malls, cafes and a great club house with all the facilities. You can own a home in Sushant Golf City for approximately INR 55 lakh.

8.Ashiyana Colony

This is known as the Bengali area of Lucknow. It is a very peaceful and quiet neighbourhood. Ashiyana is blessed with lots of greenery. It is well connected to all the main areas of Lucknow. It also offers easy access to shops, malls and gyms. You can find a 2 bedroom independent house in this colony for about INR 36 lakh.

9.Amar Shaheed Path

amar shaheed pathAnother modern township is Amar Shaheed Path. It has emerged as a world class residential colony. All the houses enjoy lush green surroundings. A number of luxury villas are available for purchase in this residential hub. The location is well connected to airport. It is also self sufficient with access to a number of amenities such as malls and cafes. The average price of a house in this area is approximately INR 65-70 lakh.

10.Aliganj

It is one of the oldest and well planned residential areas of Lucknow. It is close to Jankipuram. Aliganj has a great connectivity to the rest of the city. It also offers access to the best schools, malls and restaurants. You can purchase a 2BHK in Aliganj for approximately INR 40-45 lakhs.

Reference:

https://www.99acres.com/new-projects-in-lucknow-ffid

https://www.99acres.com/property-in-aashiyana-colony-lucknow-ffid

How a middle income person can buy a HOUSE – “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).

  1. 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.
  2. 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.

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India

Sabke liye Ghar

Housing for All | “Sabke liye Ghar”

In the year 2017 for better regulation in the real estate industry, a series of reforms were made like for ensuring transparency in real estate sector RERA was introduced which made the developers to disclose their timelines for their building process. The other massive change was introducing the GST bill in the real estate sector which aimed to reform the tax structure by making it more uniform. But none of them were as impactful as Government’s Housing for All scheme. This will make it easier for the weaker section of the societies to acquire safe loans and invest in making their homes.

Pradhan Mantri Awas Yojana (PMAY) is an initiative by the government under the Prime Minister Narendra Modi under which housing will be provided to urban poor with a target of building 20 million houses by 31st March 2022. Under PMAY, it is planned to build 2 crore houses for urban poor including Economically Weaker Sections (EWS) and Low Income Groups (LIG) in urban areas by the year 2022 through a financial assistance of ₹2 trillion (US$30 billion) from central government.

It has two components:

  1. Pradhan Mantri Awas Yojana (Urban) (PMAY-U) which will target the urban poor.
  2. Pradhan Mantri Awas Yojana (Gramin) (PMAY-G) which will target the rural poor.

Sabke liye Ghar

The feature of Pradhan Mantri Awas Yojana is that the government will provide an interest subsidy of 6.5% on housing loans availed by the beneficiaries for a period of 20 years under credit link subsidy scheme(CLSS) from the start of a loan. This scheme will comprise of other schemes that ensure that every house will have a toilet, electricity connection, LPG gas connection, drinking water accessibility, and many more. The houses under PMAY would be constructed through a technology that is eco-friendly and preference will be given to an older person and differently abled person for the allotment of the ground floor.

 

This scheme is comprised of three phases:

Phase 1 – (April 2015 to March 2017) to cover 100 cities.

Phase 2 – (April 2017 to March 2019) to cover additional 200 cities.

Phase 3 – (April 2019 to March 2022) to cover remaining cities.

 

Private contributors such IIFL home loans have been helping the beneficiaries to avail government subsidies. ICICI bank also giving subsidies to the eligible people for the scheme. AU Housing Finance Limited has also been giving subsidies under the scheme.

 

Conditions for PMAY:

  1. Maximum age limit is 70 years.
  2. Economically Weaker Sections (EWS) annual income should be less than 3 lakh
    Low Income Groups (LIG) annual income between 3 lakh – 6 lakh.
  3. The beneficiary should not have any dwelling unit on the name of any family members in any part of India.

Under this scheme, the houses will be owned by females or jointly by the males. This will help to increase the women empowerment in India.

Paarth Infrabuild, Real Estate Developers in Lucknow, Uttar Pradesh, India

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Why invest in Lucknow’s Real Estate?

Nowadays, investors from cities such as Allahabad, Bahraich, Barabanki, Kanpur, Sitapur, Sultanpur, Varanasi, and Unnao are considering Lucknow as their new property bet. People who deal in real estate with the potential buyers on daily basis say that capital of Lucknow has never really witnessed the decline in the real estate developers in lucknow. The sales conversion are fewer but the demand has always been active.

As the population of the city is not too high many people are migrating to Lucknow and have set up their small or big business. Most of the people are investing money in their second homes across Lucknow. The city of Nawabs is gathering attention day by day and the need for lifestyle and wellness homes is increasing.

What makes Lucknow a centre of attraction?

Pricing: The city is the hub of affordable pricing.

Metro: Lucknow metro system is the fastest built metro system in the world and the most economical high-speed rapid transit system project in India. This will increase the connectivity within the city, and also will act as one of the major components for the growth of the real estate and job opportunities.

Healthcare: Multi-specialty hospital such as Medanta with a capacity of over 1,000 beds, Narayana Hrudalaya Aarogyam with over 326 beds as well as women and child care hospitals, have made their way into the city.

Lifestyle: According to the survey conducted by ‘IMRB International’ Lucknow is the second happiest city in India.

The city has a very rich supply of affordable properties by renowned builders. There are over 897 ongoing and upcoming projects in the city (https://www.99acres.com/new-projects-in-lucknow-ffid) that is comprised of 1BHK flats to luxury villas and the price is ranging from 11 lakh to 4 crores. This, therefore a very good time to invest in the city. Today when in other cities the price of 1 bhk flats in lucknow starts at 25 lakh, 2BHK flats start at 45 lakh, 3BHK flats start at 65 lakh and 4BHK flats start at 1.3 crores had impelled many businessmen to invest in Lucknow.

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh India 

For more inforamtion Please visit on our website: https://www.paarthinfra.com