WHY TO INVEST IN REAL ESTATE

April 14, 2020 0 Real Estate

There is no doubt that these are uncertain times. Uncertainty about the future of economy and about our social relationships. For now, the focus worldwide is on creating a healthcare infrastructure that can help the civilization to sustain in the face of Corona virus. However, there are some less-reported developments, which are important for our future. Let me try to delve deeper into some of these aspects, which will have a long lasting impact on all of us.

As a response to the Covid 19 induced challenges, the governments worldwide have committed funds to fight this menace. That’s a wonderful news, because governments everywhere have shown a firmer resolve to fight a problem that has hit everyone, ever in the history of mankind. Starting from US to Japan to Europe and including middle-east to India, every government has simply opened its purse to pump in money into the businesses and healthcare infrastructure. It is estimated that all governments put together would invest close to 2% of world’s GDP into fighting Covid-19 pandemic. Now that’s a lot of money. We have never seen this kind of money supply coming all at once.

So what will this money do and where will it go. Let us look at history and try to figure out how this money would flow in and what would be the response. This money will start flowing into various infrastructure projects across the world. We have seen this story playing out so many times in past. Let’s take example of the world after Second World War. While, anyone around there at that point of time, would have thought that countries like Japan and Germany will never be able to grow out of world war devastation, what we see is completely opposite. The two countries not only repaired themselves but became the foremost world economic powers over the years after the war. Both of these economies are part of the top 5 economies of the world and the most stable ones.

The same happened during the great depression after the World War 1 and the oil price induced depression of 80s. Even if we look at our own Indian stories. In 1990, we reached a level where we felt like collapsing economically. There was a time during PM Chandrashekhar’s rule, when we didn’t have money to meet our debt commitments and we had to pledge our gold reserves. But what happened in the years after that. Did not we see the biggest asset growth in 30 years starting in 1991? It may look counter-intuitive when we are inside a crisis but when looked at retrospectively it all started making sense. The people who had the foresight to buy assets during those times of crisis, earned sweet returns on their investments. But those who were afraid and did not invest in assets, were left high and dry. The high inflation reduced the value of liquid holdings significantly.

Let us look at another aspect of this economic fight against the virus. Remember, since the world is fighting this together and it is known that if Corona virus simmers in any geography, it will affect the entire world, the movement of money will be swift across the borders. Fortunately India is at the forefront of this war against virus. There are several reasons for the same. Our large young population makes it an interesting case to watch out for how the virus story plays out here. We will discuss more about its impact in the next paragraph. Another contributing factor is our leadership position in Pharma production. Thirdly, our big IT sector. While China has been losing trust of the world as a dependable supplier, the democratic nature of our country enthuses more trust in other countries.

So why will we be better off with a younger generation? One, the mortality rate in youngsters is significantly lower than the older generation. We have a significant percentage of our population younger, which is much more than any large economy. This coupled with the fact that the way China has handled the Corona pandemic will bring India at the forefront for the corporations who want to move out of China and relocate. The Indian response to this pandemic and the statesmanship that our leadership has shown will keep us in good stead. Our leadership position in Pharma industry and our positive contributions to world society’s sure to make world look at as much more favourably. The idea of looking only at efficiencies while ignoring behaves aspects completely has made the world realizes the kind of challenges it poses. And therefore, we already see a much more positive tone for India than China or any other country.

Another significant change that the world will face on behaviour and social aspect is also a big plus for India. We are going to see a big shift in our behavior when technology will become much more important than what it has been. The social distancing will be the new norm and work from home the new corporate mantra. Outsourcing of work will get more traction and technology will be the way to go, for most developed western world. India holds a significant advantage in this area with significant progress over last 2 decades.

But how is all this going to affect me? And what should be my actions now which will benefit me economically in future. With expectation of these large government spending worldwide finding a route to India as deduced above, will create a surge in the prices of physical assets in India. While virtual assets like shares and bonds may take a long time to appreciate, physical assets like real estate will be appreciating fast and for a long term. Added to the fact, that new developments of real estate projects have already been very low as the segment has been facing head winds for years. The property prices have not appreciated for last few years and supplies are constant. With new norms of social distancing in place, the laugh of new projects will be much slower. So we will be in a state where too much money will chase too few assets. And that is when we will see a fast and sustained increase in real estate prices. Our parents have seen it and benefitted from it in earlier moments, now is our time to invest in Real Estate and earn long term. So, if you have some liquid funds, keeping it like that is sure to erode its value. However, investments in Real estate when economy is tumbling, is sure to help you make a fortune.

For more information please visit our websit:www.paarthinfra.com

Why Architectural Design

April 5, 2020 0 Real Estate Industry

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.

  • architecture design

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.

5 Tips to Survive Covid 19 (corona) pandemic Covid19 (popularly known as Corona virus) is wreaking havoc ac

March 28, 2020 0 Coronavirus

Covid19 (popularly known as Corona virus) is wreaking havoc across the globe. After originating in China in December’2019, it has affected large parts of every continent. The scale and effect has been unprecedented in modern human history. It is a global challenge and global communities led by World Health Organisation are coming together to fight this. Billions of people are in coronavirus lockdown and a few lacs under quarantine world-wide. Everyone is anxious and feeling helpless, but there are a few things each one of us can do at individual level to help our communities, which can be a housing society or a large urban development. Let’s discuss top 5 of these:

  1. Maintain hand hygiene- It is so common for us to take things for granted in general. When we belong to an upper middle class community, we expect a certain level of hygiene at every surface we interact with. We tend not be careful about every surface that we come in close to. Now with the new findings of WHO regards Corona virus, it is known that this virus stays on various surfaces for a very long time. The only antidote to this is to wash hands every time you interact with a surface that could be infected. It is recommended to wash one’s hands for more than 20 seconds and in a way to ensure no part of the hand remains uncovered by soap. Soap is the simplest yet the most effective warrior against Corona virus and provides a safety net.

    2. covid19,coronavirus
    5 Tips to Survive Covid 19

  2. Social Distancing-This is a much used term right now. However, what it really means and why it should be followed is not clear to most. One primary way the Corona virus spreads and gains entry into our body is through tiny droplets, which are suspended in the air, every time someone coughs. In India, we generally don’t view the coughing very seriously, but that attitude needs to change. Probably in days to come, wearing a face mask will be the rule rather than the exception. Along with it, the need to maintain distance between two people helps avoid such infections from spreading. This may require us to re-plan all our social places like parks, restaurants and health clubs. Even within our housing society, we will need to work out solutions to maintain a safe distance between two individuals. The regular cleaning of surfaces will be mandatory and will go a long way to ensure all of us live healthy. Expressions of closeness like hugging, hand shakes and high-fives will have to be completely avoided for a long time.

  3. Exercising-The effect of this infection will manifest differently in everyone. One’s immunity level will also decide how quickly and effectively body can get rid of such infections. Improving one’s immunity, therefore, is a long term defence to remain healthy. An easy and long term plan to improve immunity is to indulge in a 30 min exercise regime everyday. If it is done in sunlight, it is even better, as the surfaces everywhere could have been infected. Also, the aerosol particles inside a gym, could infect one as the social distances can’t be maintained properly in enclosed areas. The other advantage one gets by going out and exercising is the mechanism of Vitamin D production in the body, which is essential for good immunity. However, please remember that these are not the times to indulge in very long sessions of exercising as this could tire the body which makes it more prone to any infection.

  4. Concern for Service Providers- We all know that Corona virus is highly contagious and therefore to ensure we stay protected from it, we need to ensure everyone around us is protected. It may entail ensuring that even the service providers in our housing society or the vendors in the community are properly educated about safe practices. In some cases, a few of them might not be able to buy the most basic personal protective equipments like mask. It will be a good gesture to help them with these supplies. Also, when you do this, you are protecting yourself.

  5. Care for Elders- Every society has people young and old living together. As the researches indicate, the old and the very young children are at the most risk of contracting and showing serious effects of this infection. We, therefore, need to be very careful about them. There may be old people staying around on their own and our taking care of them will go a long way in keeping the society infection-free. At times, they may also need our help in arranging for basic essentials for life. At times, there may be families in quarantine in a society and they may need moral and supplies support. In such cases, it will be important to not outcaste such families and support them in a safe and healthy way.

    6. These times may force us to adopt ways of living we have not known earlier. Staying at home is a winning strategy. It may look simple but will certainly affect our behaviour in long term. We need to support each other in the community and not display behaviour that is detrimental to anyone. It is pertinent here to mention that in this fight, we can all win together only. We can keep this out of our community only if we are together in it. The examples of other countries, including the one who have highly advanced health-care facilities have shown, that preventive steps to delay the spread of this is the only effective strategy. Therefore, pl follow the 5 tips shared above to survive this pandemic. This situation is unique and may force a lot of unpleasant decisions on us, please be courageous in facing those and survive.

Stay at Home is the Best Strategy when Coronavirus Attacks

March 27, 2020 0 Coronavirus

Times are a changing and with it are changing some closely held beliefs. Till yesterday, we all wanted some more time to stay at home and away from work, but did not get this opportunity. And today. Staying at home is the only option that we have. These are the days, when world is facing. Hobson’s choice, carry on commercial activities and face mass disruptions later or stop everything now and recover later. In normal circumstances, none of these will be a preferred choice but what we are facing is unprecedented.

social distancing coronavirus

As the medical science is recommending, staying at home is the only winning strategy when facing a highly infectious Corona virus. If you are living in a modern housing society, you should count yourself lucky. There are people whom you can see and talk to while keeping the safe distance. You have access to a lot of safe and sanitised spaces. The basic services are taken care of through specialised agencies and community is generally well aware of the steps to be taken for everyone to be safe. There are neighbours who are a support system for lonely or elderly. Children can still go out and play, though in a much more restrained manner. The sanitation in such places in not left to individual house owner’s preferences but is standardised with SOPs.

coronavirus lockdown
coronavirus lockdown

There will still be challenges not faced by us in past. The house helps will not be able to support you and the negative news around will be depressing. That’s where modern living spaces will have to evolve unique solutions. As we have seen world-wide, people have innovated ways to socially interact. There has been music, where everyone contributes or prayer sessions, where everyone participates from one’s own balcony. There will be a lot of learning opportunities in these modern social spaces, which are not possible in traditional mohalla setups. The challenge to keep oneself entertained and active during long periods of complete lockdown will be tough on most, however, a community of like minded people will make it a bit easier.

Stay at Home is the Best Strategy
Stay at Home is the Best Strategy

Various spaces provided in a housing society will provide a respite to residents, while keeping them safe. Well maintained and sanitised parks, entertainment zones and children play area will help us tide over this crisis and remain healthy. It will also offer opportunities to the residents with similar interests to come together while maintaining physical distance and create a new project. Catching up on the readings which one always wanted to do but could not due to busy schedule is a great tool. Celebrating occasions like birthdays or festivals, when everyone participates in their own unique way from their balconies is a safe and wonderful way to connect with each other. I am sure we will have some unique experiences when we come on the other side of Corona virus pandemic. During such times, however, it is normal to feel depressed and irritated at times. Engaging in activities with your family is the best route to avoid these concerns in a work from home situation.

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

March 17, 2020 0 Real Estate Industry

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.

Buying Flat on Kanpur Road in Lucknow

January 6, 2020 0 Real Estate

Lucknow is a city of traditions, monuments, food and education. It has a rich history and a futuristic outlook. The residents of this metropolis are gentle and caring and civic values are rated highly here. No wonder then that getting a flat here is topmost in the minds of most of the people who have some connection with this city. Whether someone has stayed here for a few years for a job or has stayed here for his studies, an urge to buy flats in Lucknow is strong. Also, the fact that the medical facilities and law and order situation is as good in Lucknow as in any other metro town in India, the population in UP are generally gravitating towards Lucknow city.

Lucknow has been a large town for decades and has grown exponentially over the last few years due to the above reasons. However, as in any other city, there has been an asymmetric growth of social and economic infrastructure. Also, the cost of property in different areas has appreciated differently. While taking a decision to buy a flat one needs to ensure that all the various metrics are taken into account to be able to make the right decision. On a deep analysis, buying a flat on Kanpur road in Lucknow comes out to be the best value one can get with money in this city. Let me elaborate this a bit more :

  • Buy flats in lucknow,flats in lucknow
    Flats in Kanpur road Lucknow

  1. Location – Lucknow and Kanpur are the most developed towns of central Uttar Prades. This road connects these two major towns. One can safely term it the economic highway of UP. This area is located very close to the Amausi airport, which is now an international airport. There are good educational facilities in the area. Sanjay Gandhi Post Graduate Instt for medical sciences (an offshoot of AIIMS) is close by. This has resulted in the best medical facilities of Lucknow to be concentrated here. This road directly connects to some of the best markets like Ashiana and Alambagh. Charbagh Railway station is also a short drive away.

  2. Cost of living – The cost of living in this part of the city is relatively low. The cost of flats is also up to 40% lower than the similar developments in the Gomti Nagar area, which has appreciated too fast and doesn’t offer an investment opportunity anymore.

  3. Quality of developments – This area is witnessing some of the best residential real estate projects of late. There are few large and experienced developers who have launched projects in the area. For example, there is a township, Republic by Paarth Infrabuild which is an integrated township of pre than 500 acres with all modern amenities and uses SMART systems.

  4. Future developments – The highway connecting Lucknow and Kanpur is being upgraded. The metro train network which has already reached the airport, is planned to be extended around this area. A number of institutions are planned here.

Going by the above analysis, it is clear that buying a flat on Kanpur road in Lucknow is the best decision one can take if interested in buying residential flats in Lucknow.

What’s the Best Time to Buy Property in Lucknow?

January 3, 2020 0 Real Estate Residential Properties

Lucknow is the eleventh most populous city of India with a population of approx 28 lacs. It is the capital of the most populous Indian state, Uttar Pradesh. Everyone in Uttar Pradesh, especially in the Central and Eastern part of it, wish to have a house in Lucknow. The reason is not difficult to find. Lucknow is a beautiful city with excellent academic and health care facilities. It is known for some of the best schools like La Martinier, Colvin Taluqdar’s and City Montessori. It also boasts of an IIM, a Medical college and several Engineering colleges apart from a well reputed Lucknow University. A number of private universities have also set up their campuses here in the last few years.

Paarth Aadyant property at Gomti Nagar extension, Lucknow
Inside view of a Paarth apartment on Gomti Nagar extension in Lucknow

And why not? Let’s look at some data. Currently, only 40% of the population in UP is Urban and it is predicted that by 2031, almost 70% of the population in UP will be urbanized. No wonder then that the most developed urban centers like Lucknow will grow the fastest and as they grow there will be a huge demand for housing. This considered with the fact that Lucknow is ranked sixth in a list of the ten fastest-growing job-creating cities in India according to a study conducted by Assocham Placement Pattern. Considering the substantial growth industry has shown in Lucknow, business promoting institutions like CII and EDII have set up their service centers in the city.

The NHB (National Housing Board) Residex, that tracks housing prices across urban centers in India, places Lucknow right at the top among all North Indian cities for the last 2 years. This is true for both constructed as well as under-construction properties. This is also borne out by the fact that most of the large developers from Delhi have setup residential projects in the city. Lucknow has also been an early adopter of large housing projects developed by private builders. Another advantage that Lucknow has is that it keeps expanding in all 4 directions radially, opening up new spaces for housing, while keeping all these places also not too distant from the city center. However, with differential civic developments, some localities have seen a much better appreciation than others. Areas around Shaheed path (Gomti Nagar extension), Ashiana and Kanpur road have seen the maximum activity both from real estate developers as well as buyers. Some of the developments have also been theme-based, like the one by Paarth on Kanpur road which has an international standard cricket stadium. In fact, while talking of cricket, it is worth noting that the new international cricket stadium is witnessing a lot of cricketing activity with this being the base stadium for Afghanistan’s international cricket team. Paarth also has a well-designed project next to this cricket stadium.

While the economy has done good in Luckow, the civic amenities have also seen rapid progress in the town. Lucknow has always been known for its etiquette and literary and cultural activities. The state and city administration has also implemented a smart sewage system. The new smart traffic management system and a project to upgrade the city lighting to LED lights have brought in the modern outlook to the city. The Lucknow Modern Police Control Room (abbreviated as MCR) is India’s biggest Dial 100 service center and has been the necessary support for people to feel safe. Is it then a wonder that anyone you meet around either owns property or plans to own one here. The personnel who have been posted here in various government or private jobs have preferred to make this city their home. One can safely argue basis these factors that for years to come, Lucknow will continue to be one of the fastest appreciating housing markets in India.

One advantage, which one can use currently in the residential real estate market in Lucknow is the availability of affordable houses. The city generally prefers a 2 or a 3 BHK apartment. A good 2 BHK apartment in lucknow can be had art a good location for approx 40 lacs, while a luxury 3 BHK flats in lucknow is available at around 65 lacs. Now, any other city which offers the equivalent civic amenities and facilities to its dwellers with the kind of economic opportunities will not see a 3 BHK flat in a good location for less than a crore. We should not be surprised if this market also started moving very fast towards that kind of price. The reason why the prices have stagnated a bit has been sentimental in nature and the moment it turns to positive, the prices are expected to zoom. In fact, visiting some of the projects on the shaheed path makes one see the green shoots of turn around in the residential real estate market very clearly. All the projects have been reporting higher than normal customer inquiries and sales. Even the secondary market property brokers are very upbeat.

There are also a few external factors which favor a property buyer in Lucknow immensely. The housing loan interest rates are near bottom and governments are clearly bent to ensure proper safety of buyer investments. UP RERA has been one of the most active bodies and it is based in Lucknow. The strong investor groups and affinity of the most transactions to white money results in it being one of the most professional property markets in north India. The influx of new-age businesses is also ensuring young professionals taking fatter pay-cheques home. This supported by the fact that most households in Lucknow have both the partners earning money, resulting in a high disposable income market. The cost of living, on the other hand, is low compared to other cities of similar size and therefore leaves a good investible surplus with families. This buffeted by a strong investor community of traditional business owners makes Lucknow an ideal candidate to seek fast and long term returns growth. With other avenues of investment rather sluggish, it will be prudent to use this as a great opportunity for wealth creation and appreciation. Therefore, the property investment at this time in Lucknow is a decision that just can’t go wrong. If you are looking for a flat to make it your long term home, the available choices will shrink over time. On the other hand, if investment appreciation is your desire, a property in gomti nagar extension Lucknow is probably the best decision one can take at this time.

What Makes A Luxurious House?

December 11, 2019 0 Real Estate

“The sky is not the limit, the limit is your vision”

Owning a luxurious house it’s like dream come for most of people. Enjoying all the comforts of the world in your home. In India the word “Luxury” is often being used every other project in real estate developer in Lucknow is names as “Luxurious project”, even though they basic facilities. Following things defines that makes Luxurious House apart from common the normal house.

  1. Location--It is one of the key factors. Should be near the heart of the city or some tourist spot. The connectivity across the city should be excellent. The traffic should be minimal.

  2. Space-The space plays an important in the any part of luxury house. For a property to be luxurious it should have at least four rooms with attach bathrooms, and balconies. A large hall and dining room even the kitchen should be expansive with all the built-in amenities like chimney, microwave, oven, etc.

  3. Floor-to-ceiling-The floor to ceiling should be at least 12 feet. Even if house meets all the other specification but not this it will not be considered as ‘Luxury House’. The more the height the more the feeling of openness. The floor should be Italian marble or have wooden flooring.

  4. Home Techs-The House should be equipped with centralized air-conditioning. Smart home technologies are in high demand these days, technologies that monitor and manage systems inside and outside the house. Whether it is locking the doors or controlling the thermostat, variable-speed air conditioning, appliances, music, and lights, one can look after their home from anywhere in the world using smartphones.

    5. Luxurious property in lucknow
    Resedential property in lucknow

  5. Security-The need for security is increasing day by day in India. The demand for installation of security within the house is also rising. Besides human security in the form of round-the-clock security personnel, electronic surveillance units should be installed in each and every corner of the property.

The above-mentioned points are some of the features for a luxury house. Thus next time when you go searching for a luxury property in Lucknow, you should keep the above points in mind lest you might end up getting duped and lose your hard earned money.

Nowadays, demand for luxury flats in Lucknow is rising and developers are incorporating interesting technological innovations into their projects in order to attract a niche set of clients. Hence, the market for such luxury houses will only grow and get bigger in future.

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

Infrastructure Development in India

December 11, 2019 0 Real Estate Residential Properties

One of the key driver of the Indian economy is infrastructure. Infrastructure is the one of the India’s most propelling and privileged sectors for economic development. This not only holds the major attention from the local government authorities but also have intense focus from Central government that have made several schemes for reforming the Indian infrastructure to a world-class developed infrastructure.

Infrastructure is not just limited to the Urban Development but also to the construction of dams, bridges, power, land parts etc.

Infrastructure Development in Lucknow
Infrastructure Development in Lucknow

According to the World Bank logistics performance index of 2016, India ranked 35th among the 163 countries performing a whooping jump of 19 steps in just 5 years.

Now talking about the market size of infrastructure India received 24.87 billion US dollars from April 2000 to June 2018 for construction development sector (housing, township, construction development projects and built up infrastructure) as foreign direct investment. This data was accumulated and estimated by the department of industrial policy and promotion. The Indian logistics sector is expected to reach at 215 billion US dollars by the year 2019 to 2020 as seeing the growth of 10% annually in the sector.

I like various other developed countries Indians also started getting attention from International investors for infrastructure space and expected to get an investment of worth Rupees 80 trillion by the end of 2025. However as per the government statutory bodies in the particular field of infrastructure estimates that India may require a network of around 50 Billion Rupees by the end of 2022 to maintain its sustainable development. Funky notable investments that are likely to be done are like listed below

The Asia infrastructure Development Bank announced in June 2018 that it would be investing in National investment and infrastructure fund where the investment may be up to 200 billion US dollars.

The investments made by private equity and venture capital investment made a mark up to 3.4 billion US dollars by the first half of 2018, in infrastructure in real estate.

There were 91 MN day deals made in 2017 witnessed by Indian infrastructure sector of earth around 5.4 billion US dollars.

Indian government is also taking various initiatives it is expected that it will invest highly in the infrastructure development especially in the role of public convenience like, construction of roads, construction of bridges, special routes, artificial beauty bodies etc.

There were also various other initiatives and policies made that were notable in the union budget of 2018 to 2019 presented by the government of India in the parliament. Some of those announcements made as listed below.

  1. Allocating a huge sum of 5.97 lakh crore to the infrastructure sector giving it a massive push.
  2. The Smart City system may also receive a whooping sum of 2.05 lakh crore for its development.
  3. Lavish cut of 1.48 trillion rupees was made by the Railways which also made it one of the highest invested infrastructural sector

The government is also making plans to get in bed with various Japanese infrastructural companies in order to improve the infrastructure criteria and get an outsourced knowledge from one of the owners and infrastructure development. This upset goes to various other and projected development such as creating and Highway of 50,000 km and also the aspect for the bullet train

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

Tips for a Home loan

December 11, 2019 0 Real Estate Residential Properties

Howdy you, well if you are visiting this blog then, you are one of the many people who have thought of owning a home. A home isn’t just a structure, to some it’s their dream, to some an investment or an asset. Whatever it may be, the one thing remain the same in all of them, i.e. money. And most of us here won’t be the riches, having tens of millions laying around. So, how do we get that millions. Here banks come to rescue with their loans. Here are the golden rules that you should consider before taking one.

  1. Start Saving for Down-Payment-Yes, need to a part of the amount initially known as down payment, the more you pay initially lesser the interest shall be on the principal amount. So just take it up as a general rule that you pay at least 50% of the total amount as and down payment. So just plan early and start filling up piggy banks.

    2. Tips for Home loan,real estate,re
    Home Loan Tips for first time home buyers

  2. Check Your Credit Score-The most important requirement is the credit score. Credit score can just be oversimplified as the intention to pay back. If u have a score 750 and above, u get the most overwhelming interest rates. But with the lower ones u need to explore options. Credit score is easy to build up. Some timely payments to any company who gives you a credit will lead to building a good CIBIL score. It may be any thing, like you phone bills, credit utilities, credit card bills etc.

  3. Get Your Financial Documents Ordered Up-Getting all the financial documents in a set is most crucial aspect in obtaining a loan. More than 30% of the loans are rejected just due to inadequate or inappropriate documents. Just go through all the terms and conditions properly and get your pages in order which define your wealth.

  4. Always- compareAll banks provide different offers and run various schemes on various occasions. It’s best to compare between different interest rates. And just a cool tip, ask for loans during the feasts occasions such as Holi or Diwali. On these occasions banks usually take out their best offers, so make the best use of them.

  5. Keep Loan Terms as Short as Possible-Just a clear suggestion, that banks tempt us into their low EMI on long term loans. It may seem a small EMI but for a long term, you will end up paying just as the same of the principal amount in interests. Bank levies compound interest, which will prove hefty in long run loans.

    6. Clarify Between Fixed and Floating Interest Rates-.Most banks offers two types of interest rates one is fixed interest rate, in which are interest rate will be set by the bank with the agreement and all the amounts and EMI shall be calculated on the same. Hi Varun floating interest rates the EMI is depend upon the market Trend and the interest rate varies which may be higher or lower then the previous. In most of the cases is better to offer floating interest rate at the proof to be cheaper ones.

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