Best Real Estate Company in Lucknow

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.

Get Eco-friendly & Budget Friendly Flats on Kanpur Road

In the same way as other different urban areas in India, Lucknow has a developing economy and has grown as the latest investment hub for all the real estate buyers. Especially on the grounds that the places around Lucknow like Delhi, Kanpur, Faridabad, and Ghaziabad have a fabulous offering for housing and commercial investment. This is the reason why Green Homes in Lucknow have turned into the most demanding apartment after the manufacturers have started offering the modern & luxurious idea of living.

eco friendly flats

In the process to advance the living standards of customers & maintaining environmental measures, Paarth Infrabuild has excelled in everything. Paarth Infrabuild, the leading Best Real Estate Company in Lucknow, is an ideal representation of the lifestyle that you wish to give to your family.

Paarth Republic, a project by Paarth Infrabuild, is an excellent option for homeowners who are intending to buy a spacious yet luxurious apartment located at Kanpur Road, Lucknow.

The townships under Paarth Republic have a unique structural, infrastructural support & urban planning and designing. The property is developed, over an area of 80 acres, with projected green garden landscapes. The developer has built an eco-friendly project, and all the necessary steps are taken to preserve the mother earth. Paarth Republic provides 2 & 3 BHK apartments to all the buyers depending on their needs & preferences. The size of the apartment ranges from 1090 to 1662 sq. ft., with state-of-the-art facilities to benefit the buyers. All the apartments in the project are spacious and have everything a consumer would desire to have in their home.

Some of the distinguishing features of Paarth Republic are stated below:

1) One of the largest eco-friendly project in Lucknow

2) First Integrated project on Lucknow Kanpur Road

3) Vastu-complaint and feng shui ready homes

4) 50 Storey Iconic tower

5) Located near major commercial properties

6) Six Screen Multiplex

7) Open Roof Cafeteria

8) Multi-level car parking

9) State-of-the-art architecture

10) Harbhajan Singh Cricket Academy

Paarth Republic, along with the above distinguisher, also offers world-class amenities such as Table Tennis, Lawn Tennis Court, Jacuzzi, Swimming Pool, Pool Table, Sauna, Multipurpose Court, and Multipurpose Hall.

Conclusion:Get Eco-friendly & budget friendly flats on Kanpur RoadBe it world-class facilities, gracious and spacious livelihood spaces, green surroundings or excellent remodeling facilities, the project offers a luxurious life for you and your family. Paarth Republic in Lucknow is an excellent example of style and simplicity wherein you find everything in close proximity. For more details visit: https://www.paarthinfra.com