Real Estate

How can a middle-Income Person buy a HOUSE – “Kyunki Apna Ghar toh Apna hota hai”

December 11, 2019 0 Real Estate residential
Apartment in gomti nagar extension lucknow

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

7 Books to Read Before Becoming Real Estate Investor

December 11, 2019 0 Digital Marketing Real Estate residential Residential Properties

The first question which might pop in your head that Why Books? Because self-education plays one of the most crucial role in the early stage of your career. For creating a rock-solid building, your foundation should be very strong which can be done by reading books. You should always prefer books over any digital medium because books will help you to focus without any distraction. It is a well-known fact that you are going to imbibe more content when any content is read either from a book or paper. Also instead of reading free articles online, you should prefer books because generally books have story writing format which makes it very interesting and psychology says that your mind likes stories, our mind always remember a story.

So here are 7 books to read before becoming real estate investor.

  1. Building Wealth One House at a Time – John SchauhThe main idea of this book is that you can build a fortune by investing in real estate arrangements like single-family houses and small units. It can be said that this is a hedgehogian approach as it just focusing to invest in houses. Also, appreciation in real sector is very uncertain and difficult to predict.

    2. Ideas from the book

    • Buying one house can make you rich
    • Buy with your money without any borrowing
    • Houses are the best form of investment
    • Right house at the right location will attract long terms tenants
    • Sell house on lease for profit maximization

  2. Rich Dad Poor Dad – Robert KiyosakiThis is the quintessential book on the power of investing. This book largely focuses on working for money or investing to let money work for you. This book is not about how to invest but focuses that investing money is very important.

    3. Ideas from the book

    • Wise investment decisions
    • To reduce your tax liability
    • You will more from real-world
    • The importance and potential of investing

  3. The book on Investing in Real Estate with No Money Down – Brandon TurnerThis book is about how to invest in real estate but doesn’t have much money. Also, this book is not about getting rich with tricks but to it gives you a toolbox of financing that you can use to buy real estate. As an investor has no money to invest in the concept of borrowing for real estate is explained in a sophisticated way. This book contains hypothetical examples which are very useful for the beginners to learn and make a different kind of strategies.

    4. Ideas from the book

    • Investing without money
    • Start with property owned owners
    • Combination of different techniques
    • Different kind of strategies
    • How to attract private lenders

  4. What Every Real Estate Investor Needs to Know About Cash Flow – Frank Gallinelli:If you love numbers this is the perfect book for you, which makes it perfect for the real estate world. Along with the explanation of the basic formulas, a reader will learn about the principle aspects of real estate investments such as cash on cash return, return on equity, net present value, discounted cash flow and net operating income. The spreadsheet models that are provided in the book are used to help validate how to read a property’s potential, and how to apply financial concepts to be a successful tool.

    5. Ideas from the book

    • A helpful guide to financial cash flows
    • How to make money in real estate
    • Using statics to make any financial decisions
    • There are several methods to calculate return on real estate investment

  5. The ABC’s of Real Estate Investing – Ken McElroyThis is a useful book for the people for long-term real estate investors. This book will help the reader to know about real estate industry and to enlighten them about what they are getting into. A complete overview of the investment made in real estate industry from beginning to end.

    6. Ideas from the book

    • Very direct information about the real estate
    • Explanation about the formulas that can be used to analyse the potential outcome of an investment from cash flow perspective
    • Clear all the myths that curb people to invest in real estate sector.

  6. Every Landlord’s Legal Guide – Marcia Stewart, Ralph Warner & Janet PortmanThis book covers the topic like property management, legal and contracts. This book covers the issue like rejecting applicants, handling of security deposits also it throws the light upon the issues like a potential liability on your property manager’s act and how to handle the subletting requests.

    7. Ideas from the book

    • What, Why and How
    • How to hire a lawyer
    • How to do legal research
    • Legally delegating responsibilities on the tenants
    • How to solve disputes without the lawyers
    • Returning of security deposits and moving out issues

  7. The Book on Flipping Horses – J ScottThis book covers the big picture and are very specific to details. A most fundamental step which is missed by most that is to analyse and choose the target market. This book will help you to analyse the potential market in your own market for flip and to analyse the future market to venture into.

Ideas from the book

  • Good deals of sources
  • Hundred house rule
  • Get your financials very precise

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

Luxurious & spacious 2 BHK flats in Lucknow

December 11, 2019 0 Real Estate Residential Properties

Are you planning to buy an apartment or space 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.

apartment in gomti nagar extension lucknow
Apartment in gomti nagar extension lucknow

The unique features of Paarth Infrabuild are:

  1. Spacious & Luxurious: Aside from accommodation and availability, what individual searches for in their fantasy home are spacious and deluxe livings. Since living at home is a sentiment of extravagance and opportunity. Such spaces are perfect for the mind and body to feel free & sense well.
  2. Easy Accessibility: Accessibility is to be sure the most significant worry for any house proprietor and society or region matters the most. Finding the perfect property locales in Lucknow can be a troublesome errand.
  3. Aesthetics and Functionality: Apart from all of the above, sometimes you as a buyer looking for a flourishing lifestyle. An apartment has a stunning landscape and approximately that’s best in everything.
  4. Affluent living, Active and Eco-friendly: People look for apartment in gomti nagar extension lucknow that offers a green and serene environment. Waking up with the melodious chirping of birds and having your morning breakfast in the lap of nature is what may fascinate a buyer.

With world-class projects that are perfect for customers who have a different set of requirements, Paarth Infrabuild presents a healthy & balanced lifestyle. You can move out of crowded areas in the city without having to compromise a modern lifestyle to relax inside serene nature and from enjoying restoring session of games at the clubhouse to shopping at the outlets nearby.

Each home has a private display that offers a rich green scene and a wonderful view. It is the exemplification of world-class extravagance that mirrors your way of life and identity. Be it innovation parks, business focuses, workplaces and an indoor arena sited directly inside the region, families are able to find extraordinary openness in everyday living.

Now that we’ve made owning your dream apartment in Lucknow care-free and affordable for you; all you need to do is visit us at https://www.paarthinfra.com/ for any additional details.

Paarth Aadyant: Modern Home for Modern Families

December 11, 2019 0 Real Estate Residential Properties

Paarth Infrabuild is one of the latest and most sought real estate developers in lucknow. The developers have built a property called Aadyant. With a host of modern features and facilities, there is no better setting for your new home than Paarth Aadyant. While there might be hundreds of new private ventures in Lucknow that showcase themselves as the best real-estate developers but only a few can deliver the best to their buyers. Paarth Infrabuild Private Limited is one of those unique developers that are certified for their validity, and their ability to deliver high-grade apartments to their buyers.

The city transforms into a focal point of finance, aviation, business, education, medicine, travel industry, and innovation which has directly impacted on Lucknow’s growing real-estate.

apartments in lucknow
Apartment in gomti nagar extension lucknow

So when you plan to purchase your dream apartments in Lucknow, Paarth Aadyant should be your ideal choice. It is conveniently established in Gomti Nagar Extension area, homeowners of Paarth Aadyant can benefit from moving out of congested areas of the city without having to compromise on a contemporary lifestyle. Today, Gomti Nagar Extention area is developing to become a commercial and IT center of the city. Moreover, it is a 3-minute drive from Gomti Nagar and only 10 minutes from the Airport.

The people are demanding top-notch housing and advancement facilities which can make their stay convenient & luxurious. With a large group of professionals arriving into the city and with the increasing concern of NRIs in the real estate sector of Lucknow, the demand for quality apartments has reached new heights.

With various commercial centers, technology parks, offices and an indoor stadium found right inside the neighborhood, families are able to find ultimate comfort in their day to day lives.

There are lots of other characteristics which make Paarth Aadyant an ultimate living complex to live-in. Some of the most valued characteristics include –

1) Neighboring proximity to the city center

2) Excess of greenery

3) Spacious and well-lit streets

4) Functional clubs with facilities for relaxation and enjoyment

5) Parking spaces for residents as well as visitors

6) Landscaped aesthetics

7) Close proximity to important landmarks

8) Great parks and jogging tracks

Conclusion:

At Paarth Aadyant, homeowners fall in love with the luxuriant ambiance and enjoy the exclusivity. With all the modern & luxurious amenities, the project provides every buyer an apartment which is similar to their dream apartment. To know more visit: https://www.paarthinfra.com

Lucknow, The Best Place to Invest in Residential Property

December 11, 2019 1 Real Estate Residential Properties

Buying a residential property in Lucknow is not a cake walk. The society around us is still developing, and so is the investment sector. If we talk about capital investment, there is still no manual that can determine good or bad investment decision. Residential Property investment was considered a wise investment only in metropolitan cities, but in the current scenario, multiple business enthusiasts are confident about investing in developing cities like Lucknow.

Lucknow has worked on the mantra ‘Cultural City to Smart City’ and changed from the City of Nawabs to a Bustling Metro synergizing Smart Solutions for residents. With IT hubs, startups & many other business opportunities, buyers are looking forward to investing in Lucknow’s real estate sector.

residential property in lucknow
residential property in lucknow

As per the present situation of Uttar Pradesh, the capital city is currently developing as another center of growing real-estate, retail and business division empowering the travel industry, Biotechnology, and better network with different fields. Productive personalities explore and find new sorts of construction planning and development. The city is continuously moving high onrushing financial action, and developing a desire for present-day living, Lucknow is strengthening for big-time property development.

Lucknow real estate sector

is profitable in different organized ways. The city has vacant areas that can be used for cutting edge land ventures. The city has a well-associated street and highway system, for example, Sitapur roadway, Raebareli street, Sultanpur expressway, Kanpur interstate, and so on for different distinct neighborhoods to extend the real estate business.

Metro, the long-awaited project of residents in Lucknow is completed. The fast and simple mode of transportation is enabled with Lucknow Metro. Lucknow Metro has helped people to avoid long hours of traffic & has gained excellent development and continues to grow. None other Metro project has been able to balance up with the acceleration of release in project accomplishment in such a little time as Lucknow Metro.

Offering to the city’s real estate improvement Paarth Infra-build Lucknow offers a well-designed apartment with growing amenities developed keeping in mind eco-friendly standards. The projects of Paarth Infrabuild are built with all the luxurious amenities.

Conclusion:

With the growing opportunities, there is a tremendous increase in the number of buyers. Lucknow provides its buyers with all the amenities and growth opportunities which is further making is buyers a favourable place to invest their money. Lucknow has transformed into a real estate hub and a prime location for property investments. And in Lucknow, Paarth Infrabuild is the right choice when you plan to invest .

For more information visit: https://www.paarthinfra.com/

Buy your Apartment under EWS Housing scheme Lucknow

December 11, 2019 0 Real Estate

Paarth Infrabuild projects are known for providing calm and magnificence apartments in the hustle-bustle in the city, Lucknow. Your residence will now serve as an ideal retreat following a tiring day at work, as Paarth EWS and LIG ambiance will make your investment even more worthy & wise.

EWS/ LIG (Asha & Abha) is a housing group project under the Affordable Housing Scheme (AHS) having living towers of G+15 floors, displaying a balance of contemporary construction and aesthetics. Situated at Lucknow Kanpur Highway, near Amausi Airport set amidst the well designed smart city, Paarth Republic. It boasts of open greens that guarantee a comfortable living for the residents.There is a total of 920 units in EWS/ LIG offers 1 BHK luxurious apartments in lucknow. The homeowners will relish the numerous attractive and comfortable amenities such as theme-based Harbhajan Singh Institute of cricket, shopping mall, shopping arcades, multiplexes, Club capitol, cricket stadium, Wi-Fi enabled zone, gated security optical fiber cable in the entire township, and green landscapes.

Samridhi, “Hamara Prayas Sabko Awas” is designated to build a trustful approach to the housing for the common man and their family.

The floor plan of EWS Flats offers various interesting and effective floor projects planned for a rich lifestyle. The master plan of EWS Flats offers buyers a powerful union to their surroundings, developing a sense of community whilst balancing this with a different private address for individual homeowners.

With fantastic hi-tech specs of quality development and structural designs, you can make sure of cherishing where you would see your splendid future.The amenities provided to you are top of the line meeting your vision for an excellent home which matches with your class and gives you the best housing solution.

With Paarth Infrabuild projects, you can purchase your dream home at affordable prices that illustrate contemporary lifestyle without harming the environment.

Conclusion:

Paarth Infrabuild is one of the preeminent names in the construction sector. Paarth Infrabuild offers projects that can be used for both residential & commercial purpose. The projects are of different sizes and prices ensuring, that they have everything as per the customer’s requirements and convenience. Paarth Infrabuild strives to give its buyers, quality living choices and to achieve their promises they have built extravagant, comfortable, affordable and eco friendly projects in lucknow that match with modern day lifestyle without affecting the environment. With the people shifting from casual to luxurious housing, Paarth Infrabuild is giving excellent deluxe home solutions for all.

For more information visit: https://www.paarthinfra.com/

Should I BUY a property in Lucknow or RENT it?

December 11, 2019 0 Real Estate Residential Properties
Real Estate Developers in Lucknow,Real estate Developers in Gomti Nagar Exetension Lucknow,
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Buying a house is the one of the most coveted dreams. The joy of living in your own house is truly unparalleled. The real estate market in India is also booming. It is expected to reach 3.7 million square feet in 2019, with addition of 200 million square feet during the year. The demand for real estate has been extremely robust in the past few years. Increase in urbanisation and high household incomes have been the primary growth factors. In fact, India is among the top 10 price appreciating housing markets internationally. So it is abundantly clear why people are choosing to buy a house in the current real estate market. The story in Lucknow:- The story is no different when it comes to Lucknow. The City of Nawabs, famous for its chikankari and biriyani, is now a smart city. Over the next few years, it is expected that an investment of INR 4.68 trillion investments will be received from public and private sector companies. India’s largest start-up incubator will be Property in Kanpur Road Lucknow. Lucknow has become a top real estate destination not just for people in Uttar Pradesh but also other cities from NCR. Anyone who is looking to upgrade their standards of living and live life king size is now flocking to Lucknow.

A question that often bothers many home buyers is a common one: whether they should buy a property or simply move into a rental? When you are looking at a long term horizon, this question demands some serious thought. That’s why we have put together a neat little list, giving you the reasons to buy your property in Lucknow instead of simply renting it.

Rent Hike vs. Purchasing Amount:-

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While on the surface, renting may look like a cheaper option, over a period of time, buying the property is more economical. To illustrate, the average rent of a 3BHK flats in Gomti Nagar in Lucknow is INR 16, 85, 71. Take into account the standard escalation of 10% every year. On the other hand, the average price per sq foot in Gomti Nagar is INR 26,455.31. In the long run, it will be easier to pay off the EMI of your apartment as opposed to paying the escalated rent. This is the primary reason why it is advisable to buy a house as opposed to simply renting it.

Reduced Home Loan Rates:-

home loan

At present, banks and NBFCs are offering extremely cheap home loan rates. In fact, SBI offers the lowest home loan interest rate starting at 8.40%. Borrowing a home loan is easier than before and it makes perfect sense to make the investment.

Tax Reliefs:-

Tax releif.gif

With each year, the taxation slabs are taking a huge toll on the middle class Indian household. But despite the rising rates, there’s some relief provided in case of home loans. In the budget for financial year 2019-20, the finance minister announced that in case the tax payer has a home loan, an additional deduction of INR 1.5 Lakh can be availed for the interest paid on the home loan (in case of a residential property).This benefit is over and above the deduction of INR 2 lakh per year for a self occupied property. Therefore, a tax payer will be able to save up to INR 3.5 lakh a year. According to the finance minister this will mean a benefit of approximately INR 7 lakh over the loan tenure of 15 years.

On the contrary, no income tax reliefs are available in case of a rental property. At the maximum, you can claim Housing Rent Allowance but not all companies provide this. Therefore, you are bound to make more savings if you buy a house and not rent it.

Investment Vehicle:-

Buy Popular properties for investment in lucknow,Best Localities In Lucknow For Investmentest property investment in lucknow,

A house is always a great asset. This is a buyer’s market and there is a boom in the demand for residential houses in Lucknow. This means that you can even sell the house should you need additional liquidity.

The Development of Social Infrastructure:-

Lucknow is progressing at a rapid pace. A number of new initiatives have been introduced by the government. The development of Lucknow metro and the Agra-Lucknow expressway has added to infrastructure capital of the city. A high quality of life with ease of access and transportation is guaranteed when you stay in Lucknow.

10 Top Locations in Lucknow for Your Dream Home

December 11, 2019 0 Real Estate

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 Lucknow-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. flats in hazratganj in lucknow

  2. Hazratganj-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. flats for sale in alambagh in lucknow

  3. Alambagh-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. jankpuram2

  4. Jankipuram-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. flats for sale in mahanagar lucknow

  5. Mahanagar-Another 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. indiranagar

  6. Indira Nagar-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 one2

  7. Sushant Golf City-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

  9. Amar Shaheed Path-Another 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.

    11. Reference:

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

Unbelievable Facts about Real Estate in Lucknow!

December 11, 2019 0 Real Estate Residential Properties

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.

20-7-2019(two)

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..

Stop Your Search for Your Service Apartment with Paarth Infrabuild

December 11, 2019 0 Real Estate Real Estate Industry Residential Properties

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!

paarthinfrabuild2

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.

Paarth infrabuild

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.