apartments in Lucknow

Buy or Rent House

Should you buy or rent your next house in Lucknow?

Deciding to buy a flat or apartment is one of the biggest decisions of your life. Buying a flat is once in a lifetime opportunity for many of us. The rising price of the flats/apartments and high rate of interest in the market makes it very difficult for buying a flat or apartment. It does take loads of thought before coming up to the final decision. Owning a flat does take a lot of investment and it is difficult to make payment upfront. So we seek for Equitable Monthly Installments (EMI). This arises one of the biggest questions in the mind that what is best Buying or Renting a flat or apartment?

Each option has its merits and demerits. One of the most common argument is that instead of paying rents you can use rent amount to pay EMIs’ and own a flat or apartment at the same time. But you should be very clear whether to buy or rent a flat or apartment. The following points can help you in making your decision.

Merits for Buying a flat

  • Capital appreciation: Real estate investments do appreciate over a period of time.
  • Tax advantage: Owning an asset, benefit from Income tax. Under sec 80C the principal repayment of your home loan is eligible for deduction.
  • Rental income: If the flat or apartment is not occupied it can be rent out.
  • Rents: You will not face an increase in rentals.
  • Refurbish: Can renovate or make changes in the flat accordingly without having any constraint like you have in a rented house.

Merits for Renting a flat

  • Flexibility: In the period of making your career it often happens that you need to change your job very hastily that may lead to the change of city. So until and unless you decide to settle down owning a flat does not make sense. Because this will decrease the flexibility in moving.
  • Rent lower that EMI: Renting is much cheaper than making the down payment. Down payment is approximately 15-20% of the property value.
  • Expenditure on maintenance: House requires regular maintenance and it is the responsibility of the owner to maintain it. The tenant is only responsible for minor maintenance. Homeowner has to pay property tax. Also, while buying owner has to pay registration fees, stamp duty etc.

Both buying and renting has their own merits. But owning a flat would be a better choice than renting a flat.

  • Rentals may seem cheaper than EMI in the short run but in the long run, it is much higher than owning a house.
  • Rental cost can’t be recovered
  • A homeowner can always mortgage a property but a tenant can’t mortgage a rental property.
  • A tenant has to move out of a rented flat, as per the owner’s demand.

If you are looking to buy flats in Lucknow, trust Paarth Infrabuild. With some of the best residential projects in the city and a legacy of trust and transparency, they will be an ideal support to help fulfil your dream of a beautiful home.

Guide for First Time Home Buyers in Lucknow

Guide for First Time Home Buyers in Lucknow

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

  1. Deciding your budget

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

2. Deciding the type of property

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

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

3. Focus on the location

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

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

4. Choose amenities as per your needs

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

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

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

5. Choose a reputed builder

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

6. Selecting Home Loan

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

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

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

7. Verify if the project is RERA Registered

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

8. Status of the Property

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

9. Keep into consideration the additional costs

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

10. Know the Government Benefits available

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

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

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

Lucknow, a Real Estate Hub

Lucknow, a Real Estate Hub

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

Lucknow, a Real Estate Hub

Location Matters –

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

The Real Estate Growth –

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

Why the Hub

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

Latest Trends

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

Growth and Opportunities in the Real Estate of Lucknow

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

A Contributor

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

Facilities in Lucknow 

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

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

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

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

Top Residential Areas in Lucknow

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

 

Why are People Buying Apartments

There is a clear trend shown by data that more and more people are moving into apartments than an independent house. But why is it so? And is it good for families?

There are many reasons that apartments are getting  popular. The idea of a more community style of living can appeal to people who have small families, or to those who like to make friends and want to have interactions with others. There are more nuclear families now and therefore the need to connect with neighbours is higher. If someone has friends or family who live in an apartments in lucknow complex and enjoy there it could also lead them toward the idea that they want to choose an apartment to live rather than a house.

Apartment in lucknow,Buy apartment in lucknow

Another reason that apartment buildings are becoming even more popular today is due to the idea that not everyone wants to have a house where they have to worry about maintenance. In an apartment complex, maintenance and cleaning needs are limited to the inside of the apartment. That makes it easier for people who may not be able to care for the exteriors easily. Another factor which plays an important role in people choosing apartments is locational advantage. Most of the prime areas have been allocated for high rise apartments as per the master plans of various cities, and therefore, an independent house will typically be far off from the city center. Now with a much smaller budget, one could afford an apartment close to the lace of employment. It would be possible to get an independent house only much far off with the same money.

In earlier days, the biggest disadvantage for apartment in lucknow was considered to be the considerably smaller size than houses. But this is not the case any more. Modern apartments are well designed and offer much better living spaces despite a smaller size. With the modern furniture and advanced fittings and lighting, even smaller spaces can be converted into multi utility areas and made to appear much larger. With this taken care of, a major psychological reason which resulted in people choosing an independent house over an apartment is gone.

Safety and security is another vital reason for people preferring apartments. It is one’s job to ensure all around security for an independent house but with strong peripheral security arrangements managed by association, it is not imperative upon an individual to create any special security arrangements for his housing unit. This also create safe zones for kids to play and secure areas for parking. Well designed designated parking places also ensure no fights between neighbours on the subject. This makes life peaceful and convenient for executives.

In general, it is found that the amenities provided in an apartment complex are much better than available in a locality with independent houses. A much higher concentration of population makes investments in such state of the art facilities sustainable in housing society than standalone houses. In fact, the quality of life certainly improves as one moves into a housing society when compared to an independent house. There is no doubt then that people will keep buying more apartments instead of independent homes in years to come.

Things to Check Before Buying Real Estate.

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

-William Shakespeare

flats in lucknow,apartments in lucknow
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

Paarth Aadyant: Modern Home for Modern Families

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

Buy your Apartment under EWS Housing scheme Lucknow

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/

Luxurious & spacious 2 BHK flats in Lucknow

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,apartments in lucknow,apartment in 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.

Stop Your Search for Your Service Apartment with Paarth Infrabuild

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

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.