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3 Common Facilities Homebuyers Are Looking for to Buy House in a Smart City

Real estate is one of the sectors which are constantly growing because the demands of homebuyers are changing with time. Many facilities and features which are now considered common were earlier treated as luxury. Therefore, real estate developers try to stay ahead of the trends and try to bring innovative changes in real estate properties. A smart city is one such thing that every homebuyer pays attention to. There are certain facilities of a smarty city that homebuyers look for before buying a house. These include:

1. Water Management System

Water-related problems are faced by homebuyers in every residential society and colony. A smart city has a special water management system which tackles the key problems faced by residents in regard to water. This includes good pressure of water at higher floors, automatic leakage detection, 24x7 water supply, metered use, etc.

2. Smart Electric Grid

Smart electric grid makes sure that electricity used in each house is properly metered. The additional advantage offered by a house in a smart city is that you can keep track of your electricity usage on phone. As a result, whenever you think you are excessively using electricity, you can take necessary steps to reduce its usage.

3. Cooking Gas Management

Another way in which a smart city makes it convenient for residents to live comfortably is by providing cooking gas management. In this, the gas is supplied via pipe and is metered. So, all the worries about booking a cylinder on time are done away with as homeowners have 24x7 unending supply of cooking gas. Furthermore, automatic leakage detection ensures any leakage is detected as soon as possible and attended before it could result in any harm.

Although these are some of the facilities that homebuyers primarily look for, they are not limited to these. A smart city makes it incredibly convenient and comfortable for a homebuyer and their family to live. It is because of these and other facilities that homebuyers prefer a house in a smart city.

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Major Advantages of Opting To Invest In a Plot of Land

Both homebuyers and investors usually put a lot of thought and deliberation in selecting whether to invest in plots or already built constructions. In most cases, people ultimately choose to invest in residential plots owing to the advantages offered by it.  As land usually has a much superior resale value in comparison to other residential properties, they are usually quite a popular investment option. Land additionally is the only type of asset the valuation of which has increased by more than 800% over the last two decades. 

Unlike many other assets, the supply of land remains limited while its demand keeps on increasing with the rising population. In addition to residential plots, the demand of commercial plots also keeps increasing everyday due to the growing need of structures for people to work or live in.

Along with astronomical returns on their investment, with residential plots homebuyers also get the chance to construct their dream house that is tailor-made as per their distinct need and requirements.

Here are some of the major advantages of opting to invest in a plot of land:

· Appreciation: The prices of plots typically vary as per its size, location and available space. They however appreciate at a much superior rate than that of already built apartments or villas. It is however important to invest in a plot of land that is located in a well-developed region that is consistently growing, as when the basic infrastructure around the property grows its market valuation would automatically soar. Moreover, unlike flats and villas whose valuation depreciates with time due to wear and tear, the return on investments expected in case of plots always increases over time.

· Maximum Flexibility: As homebuyers opt to purchase residential plots, they also get the opportunity to enjoy full freedom in planning for the diverse aspects of their house. In case of plots, the property buyers get the chance to decide on the expanse of the garden, the number of balconies, size of their rooms and other such elements, as per their own requirements and the varying needs of their family members.

Property tax incurred in case of plots is also much lower in comparison to other residential properties.  People can visit the website of the prominent real estate companies of the country in order to identify the ideal plot of land to invest in.

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Latest Updates on Pradhan Mantri Awas Yojana

With a vision of eradicating poverty from India, the honorable Prime Minister of India, Mr. Narendra Modi had launched the Pradhan Mantri Housing Yojana (Urban) in June 2015. This scheme was launched with an aim to provide affordable houses with all the basic amenities like water facility, sanitation, and electricity supply. This scheme was especially designed for the urban poor group of the society. The government identified 305 cities and 9 states initially for the construction of these affordable houses.

It is proposed that about 2 Crore houses will be built by the year 2022 for urban poor, under the Pradhan Mantri Awas Yojana. This includes the Economically Weaker Sections, Low Income Groups, and Medium Income Groups in urban areas. This will be achieved through a financial assistance of ₹ 2 trillion from the Central Government.

The government will provide an interest subsidy of 6.5 per cent on housing loans under the Pradhan Mantri Awas Yojana availed by the beneficiaries for a period of 15 years. The houses under the scheme would be constructed with the help of advanced architectural norms and technology to make them eco-friendly. Also, the houses under this scheme will be allocated to the females as preference to female applicants will be given over males.

Following are some of the recent updates on the Pradhan Mantri Awas Yojana:

· Finance Minister – Mr. Arun Jaitley stated in his budget speech that was delivered on February 1, 2017 that the size of affordable housing carpet area will be extended.

· The Minister for Housing and Urban Affairs – Hardeep Singh Puri stated that the loan subsidy for the middle-income group under Pradhan Mantri Awas Yojana has been extended till 31st March 2020.

· Hardeep Singh Puri also stated that more than ₹ 6900 Crores interest subsidy on housing loans has been disbursed to over 3.14 lakh beneficiaries of Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (Urban).

We hope that this information was helpful to you and gave an insight into the updates of the Pradhan Mantri Awas Yojana.

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Why Buying an Apartment is the Right Decision?

Buying a home is not a small thing. It requires a lot of research from the homebuyer’s end before even stepping out to check out homes. However, while choosing between an apartment in a housing society or an independent house, more people give preference to an apartment.

Here are 4 reasons why buying an apartment is the right decision.

1. Common Amenities

One of the advantages of living in a housing society is that the residents get to share the amenities. Homebuyers share amenities with other residents of the society at a minimal expense. This helps homeowners save a lot of money. For instance, Wave Executive Floors in Ghaziabad has a clubhouse, swimming pool, and several other amenities which are shared by all residents.

2. Better Safety

Housing societies always have guards in and around it, for the safety of the residents. Guards at the entrance keep a watch over all the visitors. Additionally, there is CCTV surveillance all around-the-clock. Furthermore, the best part of living in a housing society is that the neighbors are always nearby for any help in case of any emergency. Even when one family goes on a vacation, they need not worry much about home as the society is guarded and protected in the best possible way.

3. Community Living

Since the residents of the society share many of the amenities, they socialize and form good, long-lasting camaraderie and relationships with each other. The society has its own RWA (Resident Welfare Association) whose members are elected by the residents. The purpose of the RWA is to ensure that that everyone is living comfortably in the society, and not facing any problem. This is only possible because of the community living.

4. Less Worries about the Maintenance

One of the worries of people living in an independent house is that whenever they have any issue in regards to plumbing, electricity, etc., they have to look for a professional to fix it, which in itself is a daunting task for the homebuyer. On the other hand, the housing societies have a maintenance fees which residents have to pay monthly for the maintenance of the society and its amenities. Therefore, whenever someone has a problem related to plumbing, for instance, there is a plumber always present in the society who will visit and correct the problem at hand. The residents have a lot less to worry about, as a result of this, when they live in an apartment rather than an independent house.

When it comes to choosing to buy an apartment or an independent, most people give preference to an apartment because it has more advantages as compared to an independent house. Moreover, living in a smartly integrated township can further enhance the living standard of the residents.

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An Overview on the Features of Premium Residential Units in Ghaziabad

Ghaziabad has emerged as one of the fastest growing cities of the country over the last few years. Its commendable infrastructure, availability of employment opportunities, and good connectivity to the neighboring key NCR cities has made Ghaziabad one of the most popular residential destinations of North India.

Homebuyers can essentially find spacious independent house for sale in Ghaziabad that feature a host of modern conveniences and facilities. To magnetize discerning homebuyers, major North Indian real-estate companies have developed mega townships at par with international standards in the city. Some of the unique features of such residential units are:

· Smart Electric Grid: The innovative smart electric grid system ensures fully metered and pay per use electricity supply. This system is aimed at allowing homeowners to manage their distinct electricity consumption and load with the help of a specialized virtual network. In some cases, even a mobile application is made available to the residents with the help of which they can limit and track the usage of electricity in their houses. This data is generally stored in a certain secure and reliable cloud, and retrieved easily for future use.

· Water Management System:  In the modern world, caring for the nature has become incredibly important. The water management system present in these residential units is designed taking this factor into account. This system encourages and facilitates judicious use of water among the homeowners, and includes certain features relating to equitable distribution of water and automatic water leakage detection for reducing water wastage. This feature additionally ensures that the residents get to enjoy an uninterrupted, round the clock water supply.

· Cooking Gas Management: In these townships, LPG is ideally distributed via a network of pipelines and the usage is monitored as well as billed via virtual mediums. The records of such bills are ideally maintained on a secure cloud server for easy retrieval. Moreover, a wireless transmission system is essentially installed in these houses to minimalize the need of regular meter readings.

To purchase an independent house for sale in Ghaziabad having these facilities, interested homebuyers can easily contact some of the renowned real-estate companies operating in the city.

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Benefits of Purchasing Residential Property in Ghaziabad

When you purchase a residential property, it is essential that you perceive it as an investment. In other words when you invest in a residential property, you must check whether the property will produce good returns in future, so that you are able to realize your investment with ease. Thus, while investing in residential properties you must ensure that the properties are located in prime areas, so that if you sell these in future you will be able to do so at premium rates. Keeping this in mind, industry observers mention that investors should purchase residential properties in thriving commercial and industrial hubs like Ghaziabad.

Why Invest in Residential Properties in Ghaziabad?

Ghaziabad has been nominated as one of the hundred smart cities in India. Moreover, in order to firmly establish Ghaziabad as one of the premier IT hubs in India, the Government has been investing increasingly, in developing infrastructural facilities in the city. This has greatly impacted the value appreciation rate of real estate in Ghaziabad. With better roads, increased connectivity with New Delhi and the National Capital Region (NCR) Ghaziabad has been successful in attracting multinational companies and tech firms, to open offices in the city. Hence, if you were to invest in real estate in Ghaziabad especially residential properties, you can be assured of the following benefits:

With the migration of skilled labour and corporate officials into Ghaziabad, there is an increased demand for luxury residential apartments in the region. If you purchase one such apartment, then you can easily give it on rent at a premium rate.

Real estate development firms have been involved in developing hi-tech cities and integrated townships in Ghaziabad, which come replete with modern facilities and state of the art security measures. If you purchase an apartment in one such integrated city in Ghaziabad, you can enjoy a comfortable lifestyle and be assured of the safety and security of your family.

Thus, purchasing a residential property in Ghaziabad is indeed an excellent investment from a monetary perspective and it is also one of the best places in India, to live and raise a family in.

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Expert’s Advice to Help You Buy a New Home in a Good Location

If you are pondering about buying a new home in the rightmost location in Delhi NCR, you must be having a lot of questions about property purchase in your mind. Finding and buying a new home for your family is indeed a significant decision of your life. After all, you would want your family members enjoy living an improved lifestyle in the new home. Along with the standard amenities you will get with a modern home purchase, the location of your new home matters a lot. Residential properties which are located at renowned locations also offer the best returns in terms of resale value in the future. So, whether you are planning to live in your new home or sell it at a good price in the recent future, selecting a good location will turn out to be advantageous in a number of ways.

Given below are a few advices of real estate consultants to help you choose the location of your new home in Delhi NCR:

Select a Property Location Based on Your Investment Goals

If you are willing to invest in the real estate sector to earn profits in the long run, you are advised to invest in residential properties near to developed or developing commercial hubs. This will give a significant boost to your property value in lesser time. But if you want to move to the new home with your family, you need to look for social infrastructure around while selecting location of the property.

Consider Developed Residential Area Around

Buying a home in a location where you cannot easily find another home nearby is not a wise choice at all. So, you should look for residential properties in prime locations that have modern homes, residential hi-rise buildings or apartments nearby.

Look for Modern Homes Built Near National Highways

Easy connectivity to the National Highways in India from your new home implies considerable property value appreciation with time. Plus, if you generally need to travel through these highways for regular inter-state travel needs, having a home nearby to one such highway will help you save your precious time. If the Ghaziabad region has been on your list of preferred locations, and you want a township which is located close to NH-24, buying a modern home in Uppal Chadha Hitech city presents a good choice.

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Four Critical Steps You Must Follow When Buying an Apartment

Most people dream of owning their own house. However, the process of buying residential property can be both complicated and exhausting, particularly when you are purchasing property for the first time.

Mentioned below are some of the steps that are essential if you want the process of buying a house to be completed smoothly and without any undue hassles.

1. The first thing to decide on, when buying a flat or villa, is the location of your prospective home. You should choose the location carefully as it is one of the most important aspects of residential property. Ideally, you should buy a home in an area that is well connected to the rest of the city via roadways, highways and metro lines.

2. After selecting the location, you must decide on the type of residential property you want to invest in. You could choose to buy a flat, a villa, a bungalow or a condo. If you have decided to purchase a flat or apartment, you can then choose to buy one in an integrated township or residential complex. This will enable you to take advantage of state of the art amenities and facilities at your doorstep.

3. You must then ensure that you have a clear understanding of your ownership rights and the other details of the property. You must ensure that you know the kind of property you are investing in. For example, you should find out if it is a pre-existing property or under-construction property. In case you are purchasing a flat in an under-construction building, you should get confirmation that the construction is legal and that all the relevant sanctions have been approved and acquired.

4. You should then get a clear idea about the payment plan required for the purchase – what kind of down payment you would need to make, whether you can complete the payment in installments, etc.  If you feel that you would require a loan to make the purchase, then you should begin the process of applying for loans at this point. You would require certain important documentation such as your tax returns and also the salient details of the property you wish to invest in.

By following the above-mentioned steps, you can purchase a world-class 2 BHK apartment in Ghaziabad, Noida, Delhi or any other city of your choice. Following these steps will ensure that the path to home ownership becomes a lot easier for you, and not as overwhelming as it could have been otherwise.

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Understanding the Pradhan Mantri Awas Yojana

Pradhan Mantri Awas Yojna, or PMAY, is a grand initiative by the Prime Minister of India. This Yojana, or scheme, primarily aims to provide affordable housing to various economic sections of the society at a subsidized cost. This is to ensure that everyone can have a secure, comfortable, and pucca house of their own. The goal of PMAY is to develop 2 crore houses for the Economically Weaker Sections (EWS) and Low-Income Groups (LIGs) till 2022. This initiative has been divided into 4 key categories:

In-Situ Slum Redevelopment with the Participation of the Private Sector

Affordable housing  through credit linked subsidy

Beneficiary led construction or enhancement

Construction of affordable housing options in partnership with public and private sectors

Over 300 urban cities and towns have been identified by the Central Government where you can avail affordable housing options.

Eligibility Criteria to Participate in the PMAY

The Ministry of Housing and Urban Poverty Alleviation has joined hands with some of the renowned banks and lending institutions in India. The aim of this partnership is to provide home loans for the construction projects commenced under the PMAY. These lending institutions and banks will lend home loans to homebuyers at a much lower rate of interest, for the rest of the amount will be borne by the Government. These subsidized home loans will allow people belonging to EWS and LIG to come forward and realize the dream of owning a home. This ambitious scheme will aid the urban poor, and elevate their standard of living.

The eligibility criteria to avail subsidized loan under PMAY are as follows:

Neither you nor any other member of your immediate family members (Husband/wife/unmarried children) must own a pucca house in any parts of India.

Single or joint ownership is allowed in case of married couples. In both cases, they will be able to avail single subsidy.

The collective annual income at house should be within the limit as described under EWS and LIG.

No member from the family should have availed the benefits of any other housing or related scheme by the Government.

To apply for subsidized loan under Pradhan Mantri Awas Yojna, you will have to apply for home loan from one of the associated banks. If the bank finds you eligible, they will forward your application to the Central Nodal Agency. If Central Nodal Agency approves your application, it will pay the subsidy amount to the bank. This would reduce the money you owe to the bank by crediting the amount directly to your loan account.

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Reasons to Buy Property in Ghaziabad

Ghaziabad is a city in the state of Uttar Pradesh (UP) and is a part of the National Capital Region (NCR) of Delhi. It is a fast growing city that has seen exponential economic and industrial development in recent years. Ghaziabad is emerging as a major real-estate hub in the NCR, with many developers building state of the art residential and commercial properties in the city. This emergence of Ghaziabad as a realty hub in north India has been driven by a number of factors. Some of them are:

· Delhi is congested and has an extremely high population density

· Property prices in Delhi and some of the other cities of the NCR are astronomical and beyond the financial means of many people

· Ghaziabad is close to Delhi, Noida, Gurgaon, etc. and extremely well connected to every part of the NCR via roads, highways, expressways and metro lines

· With growing industrial development, many companies have set up their offices in Ghaziabad, leading to improved employment opportunities in the city

Some of the reasons why you should purchase property in Ghaziabad are as follows:

· Connectivity: Ghaziabad is very close to the major cities of the NCR and is very well connected to every part of the region via highways, expressways and metro lines. The city is also a major rail junction of northern India. People working in Delhi or Noida can therefore buy homes in Ghaziabad, where property prices are much more affordable.

· Infrastructure: The UP government has recently allocated a considerable sum of money to infrastructural development in Ghaziabad. Therefore, important projects such as rainwater harvesting facilities, water treatment plants, schools, hospitals and roads are in the process of being constructed in the city, with the inflow of adequate investment. This is expected to improve the average standard of living in Ghaziabad, thus attracting investors and homebuyers to the city.

· Affordability: If you look for properties for sale in Ghaziabad, you will realize that the realty sector in the city offers a rare combination of premium quality and affordability. As it is not as congested as Delhi or Noida, Ghaziabad offers some of the most affordable property rates in the NCR. The most experienced and reputed property developers in northern India have constructed state of the art, world class residential projects and integrated townships in Ghaziabad. As a result, by purchasing a home in Ghaziabad, you can enjoy the best quality of life with all modern amenities, at reasonably affordable rates.

These are some of the reasons why you should consider purchasing property in Ghaziabad, one of the fastest growing realty destinations in the country. To check out the best properties for sale in Ghaziabad, you should go to the websites of some of the most renowned builders and developers in India.

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Advantages of Purchasing Property Close to the NH24

An Overview of the National Highway 24

One of the major highways in northern India, the NH24 stretches from Delhi to Lucknow and is over 430 kilometers in length. The highway passes through some of the most important cities of northern India, including Ghaziabad, which is a part of the National Capital Region (NCR) and a major commercial and educational hub of western Uttar Pradesh.

One of the fastest developing cities of UP, Ghaziabad has seen significant economic and industrial growth in recent years. Part of the reason for this is that Ghaziabad is extremely well connected to the national capital Delhi, as well as to other important cities of the NCR, such as Noida and Gurgaon. Its proximity to Delhi has, in fact, given Ghaziabad the nickname the ‘Gateway of UP’.

Many people have, in recent years, moved to Ghaziabad in search of jobs, education and investment opportunities. As a result, there is a rising demand for premium houses and accommodation in the city, leading to it becoming one of the major real-estate hubs of the region. Numerous worlds-class townships, residential complexes and commercial projects have been built by experienced and reputed real-estate developers in Ghaziabad, particularly along the National Highway 24.

The residential and commercial spaces located close to the NH24 are in high demand, due to the prime location of the area, the excellent connectivity as well as the easy accessibility from all other parts of the NCR. Consequently, there has also been a rise in the property rates in Ghaziabad along the nh 24. Thanks to the area’s many advantages, homebuyers are willing to pay premium rates for a house near the NH24.

Some of the reasons why homes around the NH24 are so popular amongst buyers have been mentioned below.

· Multiple projects of the Central Government are being built along the NH24, which has enhanced the desirability of the area.

· The existence of a National Highway as well as the expressways and a metro line means that the area around the NH24 is very well connected and easily accessible.

· The infrastructural development of the area is unparalleled, which makes it highly desirable from an investment point of view.

· Many integrated townships have been developed along the NH24, which offer residents a comfortable and luxurious lifestyle.

· The houses in these townships offer amenities such as swimming pools, clubhouses and hundred percent power-backup.

These are some of the reasons why residential and commercial property near the NH24 in Ghaziabad is in such high demand. To purchase a flat or villa in this area, one should contact some of the most reputed real-estate developers operating in the NCR.

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3 Things to Look for when Buying an Apartment in a Residential Complex

Over the past few years, the number of people who have bought flats in a residential complex is more than the number of people who have bought independent houses. The reason for this is that developers offer many amenities at an affordable price to homebuyers which they otherwise would have to pay a huge amount for. Moreover, the developer becomes a point of contact for any query, complaint and issue. As a result, some responsibilities are borne by the developer and some by the residents. If you, too, are thinking of buying an apartment in a residential complex, here is what you should look for:

1. Location

First and foremost thing to check is the location. If the location is not suitable to you, then there is no point in checking out the complex for you will not be buying it. So make sure that the complex is not located in a remote location, is easily accessible and well-connected to the other parts of the city.

2. Environment

Because we live in a world of industrialization, it is difficult to find a place which is green. In many cases you will find the apartment near the highway. The high number of cars passing by on the highway makes the environment polluted and unhealthy. To make the environment healthy on their part, many real estate developers develop at least one garden and have trees and plants grown in the complex.

3. Amenities

One of the key features of a flat in a residential complex is the amenities offered by the real estate developer. Many real estate developers offer luxurious amenities, the price of which is divided amongst the residents. So, no single person has to bear the full cost. This makes those amenities affordable for everyone.

4. Pet-Friendly

Please check whether or not the complex is pet-friendly, more particularly the residents. If you have a pet and the neighbors are not pet-friendly, then you will face a lot of difficulty living there. So, whether or not you have a pet, look for a place where you feel comfortable: a pet-friendly society or a non-pet-friendly society.

One such apartment which offers green living in a good location is Uppal Chadha’s Wave city. Not only is it green, but is also hi-tech and environment-friendly with solid waste disposal system. It has set the benchmark for several other residential complexes.

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Check your eligibility for Pradhan Mantri Awas Yojana

Previously known as ‘Housing for All’, the Pradhan Mantri Awas Yojana is a project by the Central Government of India that aims at providing a roof to 20 million urban poor by the end of 2022. This is not a mere assumption, but a well thought-out approach by the Ministry of Housing and Urban Alleviation. Not everybody is eligible for the benefits of this project.

Here is what you should to evaluate you are eligible:

What are the objectives of the Pradhan Mantri Awas Yojana?

The underlying objective of the aforesaid project is to reduce homelessness in the country by offering easy loans, houses, and other facilities to the poor so that they are able to have a home for themselves. Below are the specific objectives of this program:

· To ensure that the poor in urban India are not homeless

· To offer financial assistance to the urban poor

· To offer houses to the EWS sections of the society

· To collate the efforts of public and private sectors for the benefit of the urban poor

What are the eligibility criteria for the Pradhan Mantri Awas Yojana?

In order to apply for Pradhan Mantri Awas Yojana (PMAY), a person of Indian origin will need to meet certain basic eligibility criteria. These criteria typically deal with the economic situation of the people. The basic purpose of the project is to offer convenient facilities for the urban poor to own their homes. In this regard, the prospective applicants eligible for this project are categorized as below:

EWS – Economically Weaker Section: This category is for people whose annual household income in less than INR 3 lakhs.

LIG – Low Income Group: People are under this category are those whose annual household income is between INR 3 lakhs and INR 6 lakhs.

Medium Income Group (MIG1): People under this category are those whose annual household income is less than INR 12 lakhs. As per the project, these people can avail loans up to INR 9 lakhs for the construction of their home.

Medium Income Group (MIG2): People under this category have annual household incomes of INR 12 lakhs to INR 18 lakhs. These people can avail loans up to INR 12 lakhs.

Minorities: These people belong to the minority groups such as SC / ST / OBC.

Women: Under this category, women belonging to the EWS and LIG categories are included.

In order to be eligible under any of the above categories, people applying for the benefits of the PMAY scheme have to submit relevant documents (income or/and caste certificates) to prove their eligibility.

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Reasons to invest in a township near a highway

Properties near a highway or an expressway are always highly priced due to their immense locational advantage. Especially in major cities, like Delhi, Ghaziabad, Pune, and Mumbai, where traffic congestion is a huge concern, investing in a property near a highway can be quite a beneficial option. The increasing inter-city traffic congestion prevalent in urban areas takes a huge toll on the fuel expenses and results in the wastage of precious time too. Highways provide quick access to the major parts of a city, as well as to the adjoining cities.

Moreover, the real-estate valuation of the properties near a highway in the major NCR cities, such as Delhi, Ghaziabad, and Noida is on a consistent rise. Therefore, their resale value is also expected to go quite high and thus, they can end up being a profitable investment option for a person.

High investment value of an integrated township

Simply investing in a property near a highway or an expressway is not enough. The nature of the residential project and its surrounding areas also plays an important role in its valuation.

Investing in a small scale housing project might not be that advantageous for a person, as there is a significant lack of urban amenities and lifestyle features in such residential projects. Additionally, one may have to incur high maintenance costs after investing in these projects as well. Due to such demerits, the valuation of small scale housing projects may not rise as much as expected over time, even if it’s located near a major highway or expressway.

Integrated township projects offer a much superior lifestyle and investment proposition, in comparison to small scale housing options. Due to the availability of a number of amenities and facilities in these townships, they attract a lot of investor and end-user interest. These townships are developed by reputed and experienced real-estate companies, on whose quality you can fully place your trust. These townships are built keeping the utmost comfort and convenience of the residents in mind.

Therefore, before buying a plot along NH 24 Ghaziabad, or a highway in some other city, one should make sure that it is developed under an integrated township project by a reputed developer. In contemporary times, every person looks for the availability of the best possible urban amenities at their residence. The townships located near the highway provide the best location advantages and high lifestyle facilities and therefore, their market valuations are expected to get a huge boost in the near future.

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5 Reasons to Invest in Plots of Land

Buying a plot of land is a popular mode of investment for many people. The popularity of land purchase in the realm of investment is understandable, considering the fact that it is the only asset the value of which has grown by over 800% in the last couple of decades. For this reason, more and more people are investing in land with every passing year. The primary reason for the rapid appreciation in the prices of land is that the demand for plots is ever-growing, while the supply is very limited. This is good news for those wishing to invest in plots. In my opinion, there are also many other additional advantages to buying a plot of land. Some of them have been listed below.

Unlike bonds and shares, land is a tangible asset. It also carries minimal risks from an investment perspective. The supply of land is limited and cannot be increased or decreased in any way. The demand, on the other hand, rises continually with rising population. Hence, high returns on investment are almost guaranteed.

When you buy a plot of land, you can build an independent house on it and design it according to your own preferences and the needs of your family. You may build a small house and leave some space for a garden, while you might choose to build a bigger and more spacious dwelling with less open space. This is a freedom that is unavailable to those purchasing flats.

As constructions get old, their value depreciates. This is true for both, flats and independent houses. However, while an old flat will lose much of its resale value, even an old independent house will be quite valuable, thanks to the appreciating value of the land upon which it is built. Hence, you can make greater long-term profits with a plot of land than a flat.

The cost of land is lower when compared to that of a flat or a house. This is particularly true of plots in lesser developed, suburban areas. This presents an amazing investment opportunity for the savvy investor. Rapid urbanization will ensure that most suburban areas will soon see development and become a part of the city. As a result, the resale value of plots of land in these areas will rise exponentially over time.

Moreover, property tax is lower for plots than it is for flats or houses. So as a venue for investment, it is eminently affordable. You can choose to construct a home on your plot after a few years, when you have the financial wherewithal to do so.

Despite its many advantages, I think you should be careful when investing in a plot of land and check all the property papers diligently to ensure that the sale is legitimate and the ownership of the land cannot be contested. You should also remember to ensure that your plot is located in a safe and accessible locality. The resale value of a plot of land depends heavily on its location.

The ideal, in my opinion, is to invest in a plot of land in the suburbs surrounding a large city. Thereby, you will be able to purchase the plot for a relatively affordable price. You can then see its value appreciate rapidly with growing urbanization and development of the area. The resale value will be further enhanced if your plot is located close to major roadways and highways.

To buy premium yet low priced plots of land near Delhi, you should check out the websites of the most reputable upcoming residential projects in the NCR. A plot of land located within a township will be even more valuable in terms of returns on investment. To protect your interests by ensuring legitimacy and quality, you should only purchase plots from reputed developers and real-estate agents with an unimpeachable track record of integrity and transparency.

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If you are planning to add an asset, then consider buying an affordable plots in Ghaziabad which will offer you the space you need to create your dream home. Take a glance at multiple benefits why one should buy residential plots in Ghaziabad at NH 24.

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Purchase of a property is essentially a legal transaction. Therefore, you must make sure that all the clauses incorporated in the agreement are strictly in compliance with the law of the land. Visit: https://www.evernote.com/shard/s414/sh/23c32e8d-8b16-46b1-988d-430fcb0e0d8d/c704bc7a7eba8f2187586be750e0066a