GNIDA to allot over 1,200 flats; launches new housing scheme in Greater Noida

The Greater Noida Industrial Development Authority (GNIDA) is all set to allot over 1200 ready to move flats in the two sectors of Greater Noida from October 10. The new housing scheme will offer multi-storey apartments, located in Sector 12 and Omicron 1. The announcement has been made keeping in mind the festive season which is going to start from Wednesday.

GNIDA to allot over 1,200 flats

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According to the scheme, the Authority will offer possession of 1, 246 housing units of various configurations i.e. 1-BHK, 2-BHK and 3-BHK flats with modern amenities. All the information about the scheme will be made available on the GNIDA website.

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7 Mistakes that can Hamper Your Home Loan Application

Home loan is usually the first thing on mind of almost every home buyer as the amount involved in the home buying procedure is not small that one can deposit. So, be cautious about getting a home loan sanctioned as the minor mistakes made in the loan application process can turn your financial condition upside down. So, go through the below-mentioned points and learn about the mistakes that can hamper your home loan application:

7 Mistakes that can Hamper Your Home Loan Application

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Homebuyers: Know Top 5 Residential Localities in Kolkata

Kolkata has seen a spurt in the residential real estate market in last few years. With back to back infrastructure developments and changing trend in the property market many ne suburbs have emerged as a preferred residential location among home buyers. Micro-markets like Newtown, Rajarhat, Narendrapur, Garia, etc. are among the top localities offering seamless connectivity, better returns, and affordable as well as premium developments in Kolkata.

Residential Localities in Kolkata

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Properties in Nallagandla: A Hotspot in West Hyderabad

Nallagandla is one of the most popular localities in the West Hyderabad which has become a hotspot for residential investment in recent times. Due to its smooth connectivity to other parts of the city and presence of several IT companies, Nallagandla has seen an influx in the housing demand by many salaried class professionals.

Properties in Nallagandla

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Let’s take a look at some of the major factors which makes Nallagandla a realty hotspot:

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Know Why Boisar’s Property Market is Welcoming Affordable Housing Segment

The lush green area with sprawling open land and industrial growth make Boisar one of the hubspot for affordable housing segment in Maharashtra’s real estate sector. The smart and convenient connectivity with Virar and other areas of Mumbai city via Western railway line make both working as well as living affordable in this region.

Property Boisar

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Things to Keep in Mind before Buying Property from NRIs

Both the NRIs and the property market are attracted to each other. Thus, many people face a situation where the real estate agent talks about a property of an NRI which is for sale. As a result, the buyers also get a bit involved in this kind of property but there are certain things to consider before buying a property from an NRI i.e. the Non-Resident India. So, don’t fall for a wrong deal as we here list the essential things every home buyer should know before purchasing a property from an NRI:

Buying Property from NRIs

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Comprehensive Guide on Stamp Duty Rates for Homebuyers

Stamp Duty is the tax that buyers pays to the Government while purchasing property which may fall under Residential, Commercial, freehold or leasehold. This duty is a kind of direct tax which is levied on the property buyers and the percentage of this tax varies from State to State as there are several factors to be considered before finalizing the Stamp duty percentage. So, if you are also an aspiring home buyer then here are things to know about Stamp Duty:

Stamp Duty

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Reverse Mortgage Loan Scheme: Know How it is Beneficial

The Reverse Mortgage loan Scheme offers financial support particularly to senior citizens, who are usually not keen to sell their home. But, the issues like dependency on children or low pension rate push them to take such a hard discussion. Apart from the retired people, the about to retire citizens also think about how to have a financial stability in life post-retirement. But, now it’s time to smile and enjoy life as the availability of Reverse Mortgage Loan Scheme is the best way to live an independent life till last breath.

Reverse Mortgage Loan

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Home Buyers: Know How to Buy Right kind of Amenity-Enabled Property

Buying a home is a big task especially when you are buying a first home as it involves searching for a budget-friendly property in the location of your choice and many other things. Then come amenities and finalization of the budget of the respective property. But, one thing which you must consider as a top priority is the amenities. Every residential property offers more than one feature and thus it is the prospect alias you who needs to choose a property for purchase while considering the requirements of the given amenities.

Amenity Enabled Property

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In short, the budget for owning a home can get off the track in case you opt for a home with almost all amenities that are offered with the particular property. This result in an increase of the cost price of a residential unit and thus you must know how to choose a home with right kind of amenities for you and your family.

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Advantages of Buying RERA Registered Projects

The dream of being a property owner has become easier for almost every aspiring home buyer in India. The top reasons for realization of this dream are the unveiling of Pradhan Mantri Aawas Yojna [PMAY] Scheme that offers subsidy to the home buyers up to a limit and under certain conditions. Then the formation of Real Estate Regulatory Authority Act also known as the RERA Act.

Buying RERA Registered Projects

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This law started its full-fledged working from 01st May 2017. The guidelines of this Act help the home buyers in each aspect of the home buying procedure. The fool-proof working of the RERA Act leaves no loopholes from where the developer/builder can escape after selling a property via wrong ethics. A home buyer can keep his money and property safe by opting for a property purchase in the project registered under the RERA Act of that particular State.

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