Why Noida is a Popular Destination for Homebuyers?

Home to several global IT companies, Noida is one of the most popular realty hubs in North India that is known for its world-class infrastructure, modern amenities, exceptional connectivity, and options for residential properties. Many residential areas in Noida contain options for flats that suit property buyers with different budget ranges.

As compared to Delhi or other areas of NCR, the planned city of Noida is one of India’s cleanest and greenest cities with around 50 per cent green cover, which tremendously increase its desirability as a location to buy a property in.

The post mentions some top reasons that make Noida a popular destination among homebuyers.

Exceptional Connectivity

In comparison to other sub-cities, Noida enjoys the longest network of Delhi Metro which makes it well-connected to the different areas of Delhi-NCR. The city has wide and well-maintained highways and a network of roads which further boosts its connectivity. Besides, the under-construction Noida International Greenfield Airport, which is planned to be India’s largest airport, will connect the city to the rest of the world.

Robust Infrastructure

One of the significant reasons why Noida is a preferred choice among new-age homebuyers is that it has a robust physical infrastructure. Right from commercial skyscrapers and swanky malls to local markets, reputed hospitals, and famous educational institutes, Noida has everything in the store that young generations may need to lead a comfortable life here.

Options for Properties

There is no dearth of options for properties in Noida. Right from independent villas and residential lands to ready-to-move-in apartments, the city has a plethora of options for buyers with different budget ranges. There are many residential areas in Noida, and it all depends on your budget and preferences. For instance, if you want to buy a flat in a posh area in Noida, you have options for that as well. 

So, these are some of the main reasons that contribute to the popularity of Noida as a preferred real estate destination for homebuyers.

New Residential Projects in Pune: Why Should You Invest?

The city of Pune is an attractive real estate destination for both real estate companies and property buyers. Having been ranked as ‘the most liveable city in India’ many times, the second-largest city of Maharashtra, Pune attracts property buyers for its great socio-economic infrastructure, pleasant weather, exceptional connectivity, and choices for properties. Pune has plenty of choices to offer to people with different budget ranges.

The post mentions some top new projects in Pune that can be your next home.   

Ample Employment Opportunities

Deemed as the second major IT hub of India, Pune has headquarters and offices of several well-known IT companies of India and the world. Besides, it is a prominent automobile and manufacturing hub in India, making it a place that has a plethora of job opportunities to offer. So, one of the reasons to check out residential projects in Pune to buy a home is to settle in a place where you will easily find enough employment opportunities.

Great Educational Institutions

With the presence of several reputed educational institutions, Pune is widely popular as the ‘Oxford of the East.’ Over the years, the city has emerged as a prominent educational hub that also attracts international students. So, if you want to settle down in the city for your education or the education of your kids, Pune makes for a great choice for its high standards of education.

Social Infrastructure

The city of Pune is well-known for its affordability, lifestyle amenities, and liveability. Over the last decade or so, Pune has undergone tremendous infrastructural development which is one of the key reasons that contribute to the popularity of the city. Pune has world-class hospitals, malls, great connectivity, and all the important facilities that one may need to lead a comfortable life.

Good Rentals

As already mentioned, the city is a hub for job seekers and students, there is always a consistent demand for residential properties. In this situation, if you buy a property here from an investment point of view, you can earn a decent income every month from rentals. Also, the chances of your property being vacant is also low as there will always be someone willing to occupy your place on rent.

Aside from all these factors, the city of Pune is known for its pleasant weather and beautiful landscape. So, whether you buy a property here to live or earn income from it, Pune makes for an ideal choice.

 Ways to Make Money through Investment in Real Estate

Real estate investment has always been a top choice among investors as it is both lucrative and satisfying. However, there is a notion that you need to have a hefty amount to invest in real estate, which is not completely true. You can start with whatever amount you have and even seek financial help to fund your investment. Speaking of the popular options through which you can invest in a property include home loans and REITs. 

Many youngsters or beginners invest in real estate to make money in future. Therefore, it becomes important to ensure the profit or return you get on your investment is enough to protect the risk you take and the taxes you pay. This is because, in the context of real estate investment, costs like maintenance, utility bills, and insurance must be taken into consideration.

Now let’s focus on the ways to invest in real estate to make money.

Real Estate Appreciation

You make money through real estate appreciation. This appreciation happens in scenarios like when the land or area around your property become rarer or busier or you renovated the property in a way that makes it more desirable to potential buyers. However, profit through real estate appreciation can be a tricky bet as it takes time and patience. So, if your investment goal is not long-term, then look for other investment avenues.

Cash Flow Income

This way requires you to buy a real estate property, such as a PG or an apartment building and then operate it. In this method, you can expect earnings in the form of rents from tenants. Besides, cash flow income can also be earned from other real estate types like retail buildings, storage units, rental houses, and so on.

Ancillary Real Estate Investment Income

In this way, you can make money through vending systems in office buildings or laundry rooms in rental apartment buildings. In simpler terms, it is like doing smaller businesses within a bigger real estate investment.

Whether you invest in real estate in Pune or Bangalore, these are some of the ways to make money through real estate investment.

Reasons That Make Kalyan an Ideal Destination for Your Home

The financial, commercial, and entertainment capital of India, Mumbai is a dream destination for most people to set up a residence in. While most of the areas are occupied, there are still a few neighborhoods that still have many good options left for residential property investment.

When a homebuyer thinks of having a home in and around Mumbai, they usually look for a place that has property options is in their budget, has good infrastructure with proper electricity and water supply provisions, and is well-connected with the rest of the city. One such place is Kalyan. Falling under planned Greater Mumbai, the government of Maharashtra has gauged the potential of Kalyan and thus it is invested to groom it as the next big neighborhood near Mumbai and Pune.

The post mentions the top 3 reasons that make Kalyan a favorable destination to buy a house.

Wide Choice of Properties

Although the city of Mumbai is a bit expensive to buy a residential property in, the area of Kalyan is quite affordable and at the same time, it has a plethora of choices for properties. Property buyers have options to buy affordable as well as luxurious flats in Kalyan. A part of the Mumbai Metropolitan Region, Kalyan in the Thane district is one destination that caters to the requirements of homebuyers of all segments. Speaking of an average earning middle-class person, they can easily find affordable flats in Kalyan.

Socioeconomic Infrastructure

Over the past few years, the neighborhood of Kalyan has undergone great industrial and infrastructural development. This has attracted several reputed real estate companies to come up with their residential projects with 2 and 3 BHK in Kalyan to turn the place into a perfect destination for home buyers. Overall, the place has great socioeconomic infrastructure that you may need to lead a comfortable life.

Exceptional Connectivity

With Kalyan Dombivali Municipal Transport (KDMT) busses running in the city, the transport system in Kalyan is robust. Besides busses, auto-rickshaws are readily available to hire. Apart from it, the railway station of Kalyan Junction runs trains to different locations across the country.

The neighbourhood of Kalyan has everything that homebuyers may need to live a convenient life. You can research online to find the available 3 and 2 BHK options in Kalyan.

Top Areas in Pune to Buy 2 BHK House

The second-largest city of Maharashtra, Pune is one of the desirable locations to settle down. It has pleasant weather (all year round), beautiful landscapes, and great socioeconomic infrastructure. Plus, the city enjoys great connectivity to its neighbor cities and the rest of the country via road, rail, and air. Although the population of the city is increasing with each passing year, it is quite peaceful than many other cities in Maharashtra and India.

The post mentions some of the top areas in Pune to buy a 2 BHK house. Let’s take a glance at them.

Keshav Nagar

Settled in the east of Pune, Keshav Nagar is an excellent locality that enjoys great connectivity to prominent destinations including IT parks, Koregaon Park, and more. Besides, the area is exceptionally tidy and enjoy proximity to all essential socioeconomic infrastructure like malls, education centres, hospitals, and so on. Most of the things you may need are either at walking distance or a few minutes of a drive at max.  

Hinjawadi

Also known as Hinjewadi, this area is one of the ideal locations to invest in a 2 BHK in Pune. The famous Rajiv Gandhi Infotech Park is the key attraction of Hinjawadi. Besides, the place is well-connected to the rest of the city and the proposed metro line between Hinjawadi and Shivaji Nagar will further boost the connectivity. With all the essential facilities in the close vicinity and CCTVs installed at every nook and corner, the area is ideal and safe to settle down.

Undri

One of the neighbourhoods in Pune that has witnessed tremendous growth and development over the past years is Undri. Despite massive infrastructural development, the place still retains its natural beauty with ample greenery and pleasant ambience. This area has many state-of-the-art properties by reputed real estate developers and enjoys great connectivity and proximity to several important facilities.

So, these are just three of the many areas in Pune to invest in a 2 BHK house.

4 Key Benefits for Women Home Buyers in India

Days are gone when women were given the least priority. Times sure have changed and women are now given opportunities in almost all sectors. This has increased employment opportunities for women and also increased their purchasing capacity. Women have shown that they can ace and shine at all fronts, be it fulfilling household or professional responsibilities. 

To appreciate and empower women, the Indian government has put in place several measures to increase property ownership among women home buyers. The post mentions 4 key benefits for women home buyers in India.

1.   Lower Home Loan Interest Rates

Home buyers in India rely on housing finance to accomplish their dream of buying a house of their own. Several banks in India offer housing loans for women at lower interest rates, which helps in making home ownership more profitable for women. Not only does it reduce the interest rate per annum but also the EMIs.

2.   Tax Benefits

In case a married couple wants to own a house jointly, it will allow both the husband and the wife to enjoy tax benefits on their individual incomes, under Section 80C, Section 24, and Section 80EE. Under Section 80C, the maximum deduction for principal repayment is Rs 1.5 lakh. Section 24 allows Rs 2 lakh as a maximum deduction for interest paid in a financial year. Plus, first-time home buyers can get an additional interest tax benefit of Rs 50, 000.

3.   PMAY Benefits

Speaking of the government scheme for women buyers, PMAY or Pradhan Mantri Awas Yojna is one scheme that offers great benefits to women home buyers. As per PMAY, it is compulsory that the property bought must be registered in the name of at least one woman in the family. Plus, women getting a home loan under the scheme also enjoy concessions on interest.

4.   Lower Stamp Duty

Most Indian states charge lower stamp duty if the property is to be registered in the name of a woman. Women home buyers can check out the stamp duty applicable in their state to avail of this benefit.

So, these are the benefits that women home buyers can enjoy on the purchase of a property.

What Makes Real Estate Investment a Good Option

Over the past decade or so, the real estate sector of India has seen drastic growth. Speaking of the two major reasons that have contributed to this growth, they include the liberalization of the economy and the rise of nuclear and middle-class families. The ambition of leading a comfortable life in one’s own space and high disposable income has caused a surge in the demand for residential properties.

So, it doesn’t matter whether you want to invest in a house for living in or earning a passive income from it, the satisfaction of having a place that you can call your own is integrally very strong. The post mentions things that make real estate investment a good option.

Real Estate Investment is the Safest Investment

It is the outcome of the increased disposable income that saving rates in Indian households have increased considerably. People looking for a safe venue to park their hard-earned can consider the option of home investment. Being the second-largest employer after agriculture, real estate is deemed as one of the safest investment options among investors.

Real Estate Investment Carries Low Risk than Stocks

Unlike stocks, real estate carries a low risk. Trading or investing in stocks is a risky game, especially for those who are not well-versed with the stock market and its functioning. Plus, it requires you to not only put your money but also time and energy as well if you want to make good money out of it.

Real Estate Investment Doesn’t Require You to be an Expert

To be able to invest in a house, you don’t require any special skills as with little understanding of things, even first-timers can do it. So, even if you are not an expert, you can invest in real estate. 

Real Estate Investment Assures of Regular Rental Income

Besides being a wiser option, home investment can not only fetch you a decent return but also provide you with an assurance of having shelter over your head and even for the generations to come.  

Now that you know about the things that make real estate investment a wise choice, find a reputed builder for your investment.