Real Estate Industry

5 Things to do When Planning to Buy a Property

Families grow and so do the requirements. Modern times have also brought in a lot of gadgets into life. It has also widened the range of expectations that each member of the family has. All this results in aspiring for a property different from the one you are living in. One always wishes to live in a place that can help meet all the expected pleasures of life. However, this is not always possible. The only way one can be successful in this endeavor is by planning in advance.We understand that buying a property is once in a lifetime event and hence, listed here are 6 points everyone should remember to help make the right decision:

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  1. Understand Your Future Requirements – As we discussed earlier, buying a property is generally a once in a lifetime affair. It, therefore, is important to plan the same well in advance. Please sit back with your family and work out a plan of how you see the family growing over next decade. It is also pertinent to know as to what will be the requirements of each member of the family and how will they evolve during this period. This exercise will help you make a list of what is essential in the house that you would buy. Anything more than this is fine but less would trouble you later.

  2. Work out Financial Resources – While the above analysis gives you an understanding of your requirement, the other important variable is the financial resources that you can use to invest while buying the property. It is important to make a future plan of earning basis your employment status. If you are a self employed person, make an intelligent guess as to how your profession will do over the years and therefore what kind of money you will earn year after year for next 10 years. You should also make a list of essential expenditure that you will face over this period of time to ensure you work out the investible surplus.

  3. Check your Credit Rating – In almost all the cases today, one looks to take a housing loan. It helps you to buy a bigger property in gomti nagar extension lucknow than what you can pay for purely from internal accruals. There are also attractive tax breaks and the rate of interest in general is the lowest on a housing loan. Now, it is important to understand that the rate at which you will get a housing loan depends upon your credit rating. So , go ahead, and check this and work to improve it if needed.

  4. Shortlist Localities – It is important to read through the news and make an intelligent guess as to which localities will grow faster in terms of commercial values and neighbourhood facilities. Look at the Master plan of the town created by development authorities for future. Shortlist the localities that you think will grow and provide the kind of lifestyle you are looking for.

  5. Checkout latest Trends – It is important to know what are the latest development happening in building technology worldwide. Move around and see for yourself the latest trends and list down the developers who are using these technologies and integrating the latest amenities in their plans. Remember, something that looks like futuristic today will be a basic requirement in very near future. 

I am sure if you do these 5 things, you can plan your property in lucknow buying well and your experience will be smooth and you will not regret your decision.

Is Gomti Nagar Still the Best Area in Lucknow to Buy a Home?

Lucknow takes the pride of place as the most preferred destination for people to buy a home in Eastern and central Uttar Pradesh. There are multiple reasons for this and it being the most happening and safest place of the region is just one of them. Lucknow has also grown faster than another town and its expansion has been matched by the development of facilities in the town. While Lucknow has grown in all directions, the development has not been equitable, as can be expected basis the modelling one would do basis the development of other large cities in India.

When one looks at the development of Lucknow city over the last 30 years, Gomti Nagar stands out as the best developing residential area. Every time you go to this place, you get surprised by the frantic pace of development here. Although there are other areas like Kanpur road, Sitapur road, Faizabad road, and Raebareilly road, which have also seen rapid progress. But the charm of Gomti Nagar is still as strong as it has been at any time in the last 30 years. There have been claims at times by some real estate developers for other areas to be more futuristic than this area, but none of these claims have proved to be right. In fact, Gomti Nagar extension has continued the same level of development as was associated with Gomti Nagar. The real estate developments here have been good and infrastructure facilities that have sprung up here are better than men what was planned for Gomti nagar.

So whether one talks about Ekana international cricket stadium or Phoenix market place, you see incomparable development of the future. The planning of roads, office spaces, and connectivity to other important parts of town is at a level unrivaled by any other locality in Lucknow. There is no surprise then that all the best international brands are clamoring to set up shop here. We have always seen across the country that the best residential property market growth happens wherever leading commercial projects are launched. Therefore, one should not be surprised by the huge demand for Property in Gomti nagar extension lucknow area.

Another reason which fuels the demand for housing in an area is the lifestyle choices being made available. This could be reflected in the kind of schools and hospitals and sports and leisure facilities. With the best-branded schools and hospitals making this area their home and most of the new sports and leisure projects being announced by government falling in Gomti Nagar extension, for years to come, the area will keep growing. The best real estate developers have also announced their projects in this area with the best of amenities. The building technologies being used here are state of the art and therefore give it an edge. Another strong post is that despite all these advantages the home prices in this area have not seen run-away inflation. Though one can’t say that for the future, with continuously increasing demand and decreasing inventories. No doubt, therefore, that Gomti Nagar remains the best area in Lucknow to buy a home.  For more information please visit:http://paarthinfra.com/

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property in gomti nagar extension lucknow

Why should You Research for Buying your Home During Lockdown?

The world is currently going through a phase inimical to whatever we have seen over the last so many years. Most of it has left us with negative impacts and thoughts. However, one thing which it has contributed positively to almost all of us is the time to reflect back. A time to connect with our current selves and plan for the future. It is needless to say that financial planning is one of the most important aspects one has to look at in these circumstances. Let us understand it more in detail.

Apartments in Lucknow,Flats in Lucknow,Flats for sale in lucknow

One of the most important things to look at in terms of financial planning is the insurance cover for various types. It is important to calculate what is a good level of insurance cover both in terms of life and health cover that is needed for each member of the family. There are various guides available for the same. You can visit the website of any insurance company in India and can arrive at the broad value of cover that you will need. The other important aspect is to understand how will the Covid-19 impacts the economy and thereby the valuation of assets.

Now to do that, one has to use one’s own analysis and it can’t be left to be guided by a single source. How does one decide where to invest. Should it be in gold or share market or bond market or Fixed deposits? Or should one use the available time to stay in the Real Estate Developer in Lucknow and make an investment there? This is actually a good time to spend time planning this. There is time available to research various sources and discuss with family and friend in peace. A good indicator to deciding this will be the understanding of past such events. There have been no such events in the near past which have destabilized the world so much. However, the middle east oil shock of the 70s and the Lehman crisis of 2008 are the best simulations available.

When one looks at what happened during each of these times, there are a few things stand out. In every single case, the reaction of the market was extreme, resulting in value being lost quickly and the regained in double-quick time. The other lesson is the relatively different effects on different products and countries. While in the short term and during the crisis Gold and bonds did better, in the long term it has been the real estate that has been a clear winner. When looked into from the perspective of a developing country like India, this is even starker. This time, it is expected to be even clearer and faster due to a clear indication of industries moving out of China and setting shop in India. The good news is that the CM of UP has been proactively targetting these industries and the response has been good. If that happens real estate will see a huge upside in the coming years. So use this time to look around what is available of value in real estate and invest.

For more information please Visit our website: http://paarthinfra.com/

Why the Architectural Design of your Home Matters

Home is the place where we spend most of our life, along with our near and dear ones. Our parents and children would need all their requirements to be met in the house you buy. It could only be achieved if a house is designed well. What we keep hearing from our friends, who have bought houses, all the times – no air-circulation, no sunlight, lot of seepage etc. This problem is more acute in an apartment than an independent house. But how does a good house design help this cause. Let’s understand.

We all understand that different parts of the world have different weather conditions. It is also well explained by scientists and engineers by now that at different times of the year, sun rays reach earth at different angles. In fact the movement of sun and where it rises (the direction) also varies through the year. Winter and summer solstices amply provide this understanding. In this situation, it is very important to realize that sun rays have to fall at different parts of an apartment at different times. Good architects use this to design great houses, which are also energy efficient.

Another aspect which affects good home designing is the fact that air movement in different parts of the world is different. It depends on factors like proximity to sea or mountains as well as the location near or away from tropics. The strength of storm-like winds is also a crucial factor to be noted. When the elements of a house or a building are designed basis this, the result will be a house which will have a good ventilation. A good ventilation always ensures a home free of micro-organisms, which is critical for good health. A well-designed home also reduces energy consumption, as it ensures optimal temperature to be maintained at all times. One can argue that with today’s technological development, Air-conditioners and heaters can be used to maintain optimum temperature, however, without proper ventilation, the air inside the house will not be healthy. Also, such devices make air drier, which has negative impact on various body organs.

But how to get a well-designed flats in Lucknow. The only answer to this is that one needs the services of a good architectural team, who understands these aspects and has a portfolio of projects can achieve it scientifically. Especially when one is talking of an apartment building, it becomes extremely important. You can’t have wannabe designers creating a house design which can provide the required amount of sunlight and air circulation. One of the best designed building, I have seen in Lucknow in Gomti Nagar Extension area in Lucknow is Paarth Infrabuild’s Arka. This is designed by Hafeez contractor, arguably the best architectural team in the country. A half-circular shape of the project ensures great air circulation to every single flat. The beauty of it lies in designing each apartment as if these have been designed individually to create perfect homes. The direction for each is managed to ensure optimal sunlight and air – circulation as needed.

What to Consider Before Buying a home? It’s Location, Location and Location!

Man is a social animal and therefore he needs a social infrastructure to survive. One can’t live a happy and purposeful life if he has to live in isolation. Therefore, it is important to buy one’s home in an area where like-minded community exists and social infrastructure to match that kind of lifestyle is available. In Lucknow, the areas around Gomti Nagar are the best location to live. Simply because of a fledgling upper middle class society and the resultant infrastructure projects, that are keeping pace with increasing population, everyone desires to make this area as his abode. Amongst the new developments, two residential societies by Paarth Infrabuild, Paarth Aadyant and Paarth Arka stand tall in terms of location.

It is always said that the 3 most important criteria to take care of while buying a property in lucknow is Location, Location and Location. Let’s dwell a bit on it to understand the reason for the same. We have observed in the past that some areas in a town develop into much better residential areas compared to others even if all of these started developing at the same time. So why is it so? Answer is deep yet simple. Since early days of urban developments, people preferred living closer to the areas which were important for economic activity. Therefore, we saw the emergence of city centres which had the highest amount of economic activity. People engaged with such organizations, preferred to live nearby and therefore the physical infrastructure in the form of residential areas with facilities like water and electricity developed fast. Along with this, the social infrastructure developed fast to meet the post work requirements of working population as well as the other requirements of families.

Property in Lucknow

When we talk of families and their requirements, we need to understand what a family consists of. The family will have children, elderly parents and of course the working age people. What do each of these groups need to live a fulfilling life? So children will require good schools, play grounds, sports facilities and places to socialize. Elderly will be concerned about 24*7 medical facilities, green areas to sit and relax and same interest groups to while away the time. The working people would expect basic necessities of life like water, electricity and transport that is hassle free, activity areas like sports facilities and markets and restaurants. Now, while it may be fashionable for some of the real estate developers to talk about emerging locations, the fact is that one wants to live in her house today. So if physical and social infrastructure is not yet developed, how is one to be happy and survive? Also, the pains one has to endure for the time when the infrastructure is still developing makes the entire experience quite depressing and isolating at times.

And that is the reason why our elders have always told us to consider Location as the single most important criteria while building our abode. A place that is well connected and close to areas where job opportunities exist. An area where there are quality schools and has kids around where our kids can intermingle and play without us having to worry all the times. A location where markets, cinema halls, sporting facilities exist to engage in socializing. Hospitals and other medical facilities and safety security of the area are other features that you would include in a good location.

Lucknow is a big city now and has been developing very fast for last few years. It has been the hub of political as well as commercial activities in Uttar Pradesh. It is also the preferred city for anyone in Eastern part of UP for various reasons, most of these as we discussed in the earlier part of this article. Lucknow has had an asymmetric development in different directions. So, while residential areas sprang up all over the boundaries of Lucknow, the developments in and around Gomti Nagar have been the best in last 25 years. A locality with upper middle class residents, the emergence of best schools of the city, the finest shopping areas, the malls, cinema halls and the best medical facilities. There have been couple of new developments here that are worth mentioning.

We are talking here about Ekana cricket stadium, the largest cricketing facility in north India. It is also the home stadium of Afghanistan national cricket team and has been hosting international cricket matches more regularly than any other center in India. This stadium is not only an architectural marvel but has also been a center of attraction for people. Another development very close to it is the opening up of Phoenix Palassio, the most modern mall Lucknow has experienced. These two developments have converted this 1 km area into the real magnet and has created the fastest self-fulfilling cycle of development. One can argue that these developments have happened as there are more people living here. But that is a flat argument. People have been living on Hardoi road, around Rae Bareilly road or at Faizabad road for the similar time as here. However, the pace of development and provision of facilities in these areas is absolutely different.

In fact with Ekana cricket stadium and Phoenix city market place, this area would be the magnet that will attract everyone and all the new developments. However, there are not many good residential developments in the area for one to choose. The lucky ones can still get an apartment in either Paarth Aadyant or Paarth Arka with the luxury of watching a cricket match at Ekana stadium from the window of their drawing room. This location only keeps getting with time. Now with Phoenix Palassio Mall, the convenience of an elite lifestyle gets embedded in this area. With both these residential societies developed by Paarth Infrabuild, so close to these future magnets, one can only wish to buy a house here. The amenities within these, complement the facilities outside and promise a lifestyle no otherreal estate development in Lucknow can match.

Advancement in Construction Technology

Construction isn’t just building something, built can also be defined as art of making building and monuments. We have been constructing various scriptures, monuments, buildings, since the dawn of mankind. However from those periods to the modern era there’s the construction technology has been completely revolutionized. Here’s the list of most advanced construction technology around the globe one could only think of.

Advancement construction technology
Advancement in construction technology
  1. Material 10 X the strength of steel We all know steel as a most important material for the construction. And this is the only material we can due to its physical properties, especially strength. How about any material much lighter but having more strength than steel, AMAZING! Yes, one more amazing fact about that material graphene is actually from the parent component graphite one of the world’s softest metal. Just changing the molecular configuration from 2-D to 3-D can make the softest the world’s strongest. Graphene is currently developed at MI, Boston and researches are currently going on towards a whole new world of its applications.

  2. Fatigue Sensor Most of us here would have seen the movie “3 IDIOTS”, where Rancho asked engineers haven’t made any machine that could measure the stress. Well we thing that engineers at SMART CAP must have taken this way too seriously. Yes, now they have developed a hat that can measure the fatigue levels of the workers, known as head band, which could be attached to the hard hat of the workers. This cap is developed for mining construction workers and is currently being tested by the BAM NUTTAL who is one of the biggest mining contactors in the UK.

  3. Self-driving construction vehicles- Google is developing a self-driving tech for consumer usage known as WAYMO. Inspired from this engineers at COLARADO DOT, developed a same concept vehicle but just a much bigger one which wouldn’t be used to carry passengers but building materials. There are currently two vehicles developed namely AIPV (Autonomous Impact protection vehicle) and ATMA (Autonomous Truck Mounted Attenuator). These trucks use the GOS systems to check and control their distance, acceleration and speed. The path may either be as in form of a fixed program or programmable as per the requirement of the model.

  1. 3-D print structures-Most of us here know about the 3-D printing technology, creating objects and small tools from it. How cool it would be if we could just 3-D print a whole building. This is also not futuristic tech anymore. This is a joint project for MIT and Russian Apis co-robotic arm. The robotic arm used is a sophisticated one which uses a special concrete hat can build a structure in a single day. The robotic arm is designed to be self-sufficient, as it can be powered using variable power sources such as solar o battery powered. Is especially designed for disaster or distress situations where it can be deployed to build shelters just in a day even at the remotest locations.

Lucknow – The City of Nawabi Architectures

Lucknow, also known as the city of Nawabs with iconic Mahals and beautiful buildings and bungalows. In that edacity of city culture, there are modern constructions trying to improvise with the spectacular Royal buildings. Not only the the havelis or compounds but also 1BHK or 2 BHK houses can also have the iconic royal looks. Here are some ideas of interior designs for modern buildings to give them that improvised look inspired by the royal Nawab Culture.

2 bhk house in lucknow
For sale 2 BHK Independent House/Villa in kanpur road Lucknow
  1. The Royal Palace (Bungalow)-The design is as iconic as the name suggests. The walls decorated with the royal petal cravings towards the roof. The royal chandelier hanging on the roofs, giving a shiny appurtenance. The crafted walls goes well with the light golden colour doors with the knob handles polished to perfection. Here we cannot also forget about the golden design borders and big hall upfront the main entrance, decorated with royal while couches in the middle. The living rooms composing with the King Size beds nearby the window (though a charging point still remains the priority) which get along with the royal old style cupboards. The kitchen can express the most iconic beauty in its own terms with the composite glass wares and tanned cooking utensils. This contributes to a lustrous environment which gives a feel of royalty.

  2. The Kings Mansion (3 BHK house)-If you are here reading this you must have heard that “the consumer is a King and King never bargains”. If you are a person who do not compromise anything for a Royal beauty this is definitely for you. Yes, we here are talking about kings and kings do not lay bare feet on floor. Well we aren’t talking about floating in the air but a fur mattress under your feet. Let’s start with the floor mats, a fur textured, dyed like animal skin (just dyed we love animals). All let under the most used house features like bed , dining table, drawing area and all the floor spaces where we sit most frequently. Make sure that all the living rooms are oriented similarly and are identical. Place the grilled queen size beds with a big mattress covered with sheet. The window’s curtains dressed up like it welcomes you with pride. All these there at the right places and you get the charm you want. Where the kitchen stays modular with a touch of royal looking wallpapers on the side walls which just adds royalty to the modern ethnicity to the level of perfection.

  3. The Hagrid keepers (2BHK house)-We all know the Hagrid from Harry potter and we know his house, here even the smaller modular houses can also get a fantastic royal looks. It just requires a bit touch of remodelling the interiors with the antique looks and a metal-ware with a glass composite structure. The living rooms in the small house show the best part of the Nawab looks, the positioning of the beds the colour of the surroundings, putting in some glass.

    Lucknow – The City of Nawabi ArchitecturesPaarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India

Things to Check Before Buying Real Estate.

“Better three hours too soon than a minute too late”

-William Shakespeare

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What are the basic terms one should know related to real estate before

A sensible, intelligent and well-balanced person always know in what he/she is getting into. So here are things you should check before you buy property.

  1. Developer Background:The piece of property in question may be under legal process. So it is sensible that you do an extensive verification of the developer. You may also verify the past or current projects or even post queries on the various online real estate forums.

  2. Legal Check of Property:Ensure the property is legally authorized to be constructed on the plot it stands on. The developer should have approvals and NOCs from Area development authorities, water supply and sewage boards, electricity boards and Municipal Corporation.

  3. ERA Registered:Real Estate Regulation Act (RERA) will ensure that the builder follows necessary compliances and gives timely possessions in order to ensure a hassle-free transition to your new home.

  4. Location of the Project:The locality is the one of the most crucial factors which you should consider before buying any property. The neighbourhood should be friendly. All the facilities such as grocery market, healthcare facilities, shopping mall etc. should be easily accessible.

  5. Financing Banks:The number of banks/housing finance institutions willing to finance certain developer reflects the reputation of the developer. So, it is very important that you check with the banks that are filling to fund the project you are planning to invest on.

  6. Planned Development:5750.00Airport, Metro, Malls, Hotels/Resorts or any other existing or upcoming infrastructure development within the vicinity of the property you intend to purchase can boost the return on investment enormously.

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

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.

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, Lucknow, Uttar Pradesh, India

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 business. 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, mainly around Gomti nagar and on Kanpur road. 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 in Gomti nagar with a capacity of over 1,000 beds, Narayana Hrudalaya Aarogyam on Shaheed path 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 1BHK flats 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