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New Hut Infrastructure Pvt.Ltd.! Real Estate Company In Lucknow: October 2015 0

Thursday 15 October 2015

river view city

 Registry and Possession : Immediate
 Highway & road : 2.5 kms. from Lucknow - Faizabad Road (NH-28), Saheed Path & Kishan Path ( connectivity from Lucknow - Faizabad highway to Lucknow- Sultanpur highway).
 Tata Motors : 5 Kms
 High Court (New) : 3.5 kms.
 Gomti Nagar, Lucknow : 1.2 kms.
 Loan Facility : Available on plots & house
 Hazratganj : 9 kms.
 Hospital : 2 kms. Sahara Hospital & 3.5 Kms Dr. Ram Manohar Lohia Hospital

Saturday 10 October 2015

Documents to be Checked Before Buying Property in lucknow

Lucknowe is a thriving real estate market which sees a large number of property transactions. However, for any legitimate property transaction, there are certain procedures to follow. If you are thinking of buying an apartment of your own in Lucknowe and are pondering over what the legal documents for buying property in Lucknowe area, then this checklist provides you with all the requisite information.

The Sale Deed or Mother Deed
This is the most important document that you must have access to as it traces the land ownership. It provides all property details, including its acquisition at the initial stage and the subsequent transactions it has been subjected to. Prior to booking property in Lucknowe, you should also look into the original sales agreement that shows the developer or builder as the registered owner of the property.

Tax paid receipts till the time of transaction and Khata Certificate
For joint ventures, the Khata Certificate must be obtained in the name of the land owners. If you buy the property directly from a developer, then the Khata certificate should bear the name of the promoter or developer.
Joint Development Agreement
The agreement must be scrutinized thoroughly if it is a joint development, where both the developer and the landowner are involved. You should understand clearly the ratio in which the built-up area is divided between the landowner and the developer.

Encumbrance Certificate
The latest Encumbrance Certificate bearing the details of the past thirty years must be checked. It can be gotten from the office of the sub registrar.

Building Plan
Checking a copy of the building plan approved by the respective government authority is a must. You should specifically inspect the portion of property in Lucknowe you are buying.

Sanctioned Plan
Not only should you verify the building plan sanctioned for real estate Lucknowe but also check the sanctioned plan’s validity. You should also check the certificate of commencement and obtain a confirmation from the municipal corporation that the structure adheres to the laws.

NOC
Prior to having your property registered, you must obtain No Objection Certificates or NOCs under the Urban Land Ceiling and Regulation Act and Income Tax Act.

Occupancy Certificate
The CMC or Lucknowe Development Authority issues the Occupancy Certificate for properties whose construction has been completed. The occupancy certificates are only furnished to those developers whose constructions meet the norms set by the BDA and BBMP. There have been several instances where occupancy certificates were not given to the developers, yet they gave possession of the property to buyers. Therefore, you should have the document with you if you are purchasing a ready to move in apartment.
 Apart from these documents, you should also ensure that the developer has all the approvals from Electricity Boards, Municipal Corporation, Sewage Boards, Area Development Authorities and Water Supply Boards. It is advisable for flat owners to file joint declarations under the Karnataka Apartment Ownership Act of 1972, get registered and obtain legal rights and safeguards.

Friday 9 October 2015

Top 5 tips for home buyers in a buyer’s market

A buyer’s market is perhaps the best time for a property buyer to enter in. Prices are at their lowest
and sellers are open to negotiate regarding the prices of properties. Moreover, there is an oversupply of properties in the market that allow home buyers to choose a configuration that appeals to them and fulfils their needs.
If you are looking to buy property anytime soon, then you can get the best deals as most Indian cities are experiencing price correction. Here are a few tips for home buyers to follow for snaring the best property within their budget.
1.      Research into a neighbourhood well
The top home buying tips always list due diligence on the part of buyers. Before contacting brokers or visiting houses, buyers must research into a neighbourhood thoroughly. Trends in most realty market dictate that home buyers do not settle for the locality they usually live in hence knowing the new neighbourhood before purchasing property there is of utmost importance. Look into the pricing, its movement and the extent to which you can negotiate.
Find out about the social amenities available in the vicinity- schools, banks, hospitals, shopping zones and entertainment avenues, especially if you have a family.
2.      Calculating distances between important destinations
You should also calculate the distance between your office and the neighbourhood along with that of the railway station and the airport. Most home buyers nowadays prefer to live close to their office so that they can walk to work. Others prefer living near the airport, particularly if they are frequent flyers.
Talk to your spouse to find out how far you are willing to compromise on the locality. Either of you will have to settle for longer commutes.
3.      Prospects of Capital Gains
Tips for home buyers dictate that you should research into the capital gains that can be availed from the property. Most neighbourhoods in cities like Bangalore, Pune, Chennai and Hyderabad are in the developing stage hence gaining in terms of capital values is much possible. If you are buying a home in Mumbai or Delhi, then gain in capital values may be difficult as localities here are saturated hence do not offer much scope for capital appreciation.
Investing in the outskirts is a good idea keeping in mind capital gains. However, lack of social amenities may make your day-to-day living difficult.
4.      Hiring a broker
Hiring the services of a broker is one of the common home buying tips. Brokers can carry out the leg work for you. They will locate the right property according to the requirements and price band given by you and negotiate with the developer and seller to get you the best deal. Brokers are often well connected with property lawyers and hence can help with the registry of the property.
5.      Considering several options

Because you have the liberty of choosing from plethora of options, you should make the most of it. You can visit several houses in a neighbourhood to get an idea of what is available. Who knows, you may settle for one in the first visit itself!

Why you Investment Property in Lucknow

In the few coming years, Lucknow’s property rates are going to soar and it is going to witness major real estate
developments. This ‘City of Nawabs’ that is enriched with architectural heritage is evolving as an ultimate real estate destination. Lucknow is going through an economy boom that has created a surge for various industrial activities. This boom in the real estate sector has changed the demographic boundaries of the city. With the multicultural spirit, the property developers in the city are focusing more on the developments of the peripheral areas of the city.

The positive trends in the real estate market of Lucknow have tempted leading developers like Parsvnath, Omaxe, Eldeco and Uppal Group to launch some mega projects in the city. There is also an up surging demand in the housing sector of Lucknow and it is soon going to transform into a metropolitan city. This sudden demand is also created because of the students who move into this city to attend to some of the most premier and eminent educational institutes. Moreover, the demand is also augmented by the professionals who migrate in this region to work with some of the most reputed brands of India and abroad.

One of the most important factors that determine the growth of real estate is NRI investments. NRI’s property investment in Lucknow also makes for substantial amount of raise in demand for quality housing. Retail sector is also on a high and builder’s floors in Lucknow are also growing subsequently. As far as the commercial development is considered, there are many showrooms, shopping malls and complexes lined up.

So, it is the right time to put your hard earned money in the property market of Lucknow to make hug profits in return in the future. Therefore, associate with Parth Constructions right now, to strike the best deal.

Wednesday 7 October 2015

Real estate devlopment in lucknow

Lucknow, also known as the 'City Of Nawabs,' is the capital city of the most populated Indian state of Uttar Pradesh (UP). It's situated approx. 500 km southeast of New Delhi in the central part of UP. Lucknow has a humid subtropical climate with a hot summer season from  April to June and  a cool dry winter season from December to February.

Depending on the season, the temperature in the state varies significantly. In the summer season, the temperature can rise up to 45 degrees Celsius, whereas in the winter season, it can drop down significantly to as low as 3 degrees Celsius. The monsoon season in the city arrives in July and lasts until September. Lucknow receives approx. 100 cm of rainfall annually from the southwest monsoon winds.

Lucknow boasts of a rich cultural history and heritage. Lucknow is a very prominent trading city in India. Some major factors determining its economic base are:


·        
its position as an administrative center of the state.

·         its position as a fast developing education and tourism center.

In the past few years, Lucknow has observed a noticeable rise in health services. Lucknow has a well-developed road infrastructure and is connected to other major cities, including the national capital, through the rail network. The Amausi airport in Lucknow connects it with the majority of  metropolitan cities such as Kolkata, Mumbai, Delhi, Patna and Varanasi.

Lucknow's urban growth is currently similar to other metropolitan cities of the same size. In the immediate future, Lucknow is expected to achieve rapid economic growth.

The key industries in the Lucknow Urban Agglomeration include distillery  chemicals, machine tools, aeronautics, furniture and chikan embroidery. Lucknow is also a prominent center for education, and research and development (R&D). Some major R&D centers located in Lucknow include the Central Drug Research Institute (CDRI), the National Dairy Development Board, Industrial Toxicology Research Centre (ITRC), National Handloom Development Corporation (NHDC) Ltd., Central Institute of Medical and Aromatic Plants (CIMAP), National Botanical Research Centre Institute (NBRI), Research Design and Standards Organisation (RDSO) and Pradeshik Cooperative Dairy Federation Ltd (PCDF).


The Uttar Pradesh government  is planning to set up an Information Technology (IT)/ IT Enabled Services(ITeS) Special Economic Zone (SEZ) in Lucknow to boost the IT sector in the city.

Saturday 3 October 2015

Devlopment in lucknow


Lucknow, also known as the 'City Of Nawabs,' is the capital city of the most populated Indian state of Uttar Pradesh (UP). It's situated approx. 500 km southeast of New Delhi in the central part of UP. Lucknow has a humid subtropical climate with a hot summer season from  April to June and  a cool dry winter season from December to February.

Depending on the season, the temperature in the state varies significantly. In the summer season, the temperature can rise up to 45 degrees Celsius, whereas in the winter season, it can drop down significantly to as low as 3 degrees Celsius. The monsoon season in the city arrives in July and lasts until September. Lucknow receives approx. 100 cm of rainfall annually from the southwest monsoon winds.

Lucknow boasts of a rich cultural history and heritage. Lucknow is a very prominent trading city in India. Some major factors determining its economic base are:

  • its position as an administrative center of the state.
  • its position as a fast developing education and tourism center.

In the past few years, Lucknow has observed a noticeable rise in health services. Lucknow has a well-developed road infrastructure and is connected to other major cities, including the national capital, through the rail network. The Amausi airport in Lucknow connects it with the majority of  metropolitan cities such as Kolkata, Mumbai, Delhi, Patna and Varanasi.

Lucknow's urban growth is currently similar to other metropolitan cities of the same size. In the immediate future, Lucknow is expected to achieve rapid economic growth.

The key industries in the Lucknow Urban Agglomeration include distillery  chemicals, machine tools, aeronautics, furniture and chikan embroidery. Lucknow is also a prominent center for education, and research and development (R&D). Some major R&D centers located in Lucknow include the Central Drug Research Institute (CDRI), the National Dairy Development Board, Industrial Toxicology Research Centre (ITRC), National Handloom Development Corporation (NHDC) Ltd., Central Institute of Medical and Aromatic Plants (CIMAP), National Botanical Research Centre Institute (NBRI), Research Design and Standards Organisation (RDSO) and Pradeshik Cooperative Dairy Federation Ltd (PCDF).

The Uttar Pradesh government  is planning to set up an Information Technology (IT)/ IT Enabled Services(ITeS) Special Economic Zone (SEZ) in Lucknow to boost the IT sector in the city.