With a large number of offices and ITeS segment growth apart from residential growth coming from small tier II and tier III centres, the development of smart cities can bring opportunities for real estate developers, investors, end users and well as the housing loan sector.
On expected lines, the real estate sector and the infrastructure sector were the focus sectors of the government in the annual union budget of 2014-15. The finance minister announced a series of measures to bring investment into the sector while giving special emphasis on affordable housing. The announcement that Rs 8000 crore will be earmarked for rural housing along with a series of dedicated proposals augers well to the future of the realty sector in the country. Market analysts and real estate experts have given the budget a big thumbs-up as is focuses evenly on housing and development with both domestic and foreign investments in the sector.
Smart City Development: Among the many big announcements in today’s annual budget, the finance minister has announced an allocation of Rs 7,060 crores for development of 100 new smart cities in the country. The move is likely to add a positive sentiment to the real estate segment in all these cities and neighbouring towns. With a large number of offices and ITeS segment growth apart from residential growth coming from small tier II and tier III centres, the development of smart cities can bring opportunities for real estate developers, investors, end users and well as the housing loan sector.
Easing of FDI: As a measure to enhance affordable housing the finance minister announced relaxation of FDI norms in the real estate sector. Industry experts are of the opinion that easing of FDI is likely to bring in opportunities for cheaper capital for smaller projects. The finance minister has announced a reduction in the size of projects eligible for FDI from 50,000 sq meters to 20,000 square meters and reducing the minimum investment limit for FDI to $5 million from the existing $10 million.
Emphasis on Affordable Housing: The government’s policy is easing of FDI norms are being seen as one big beneficiary move to bring affordable housing back on track. With expert reports suggesting a shortage of around 18.78 million houses in the country, the finance minister has allocated Rs 4,000 crore for low-cost housing alone apart from Rs 50,000 crore for urban housing. With Slum development being made a part of CSR activities, the government seems to have its heart in the right place.
Introduction of REIT- a Positive Sign: The introduction of real estate investment trusts (REITS) is applauded as a welcome move as it is likely to increase liquidity in the cash strapped sector. The Securities and Exchange Board of India has already issued guidelines for REITs and now with taxation structure getting clear in the annual budget, real estate sector is going to become a direct beneficiary of such trusts.
Increase in deduction limit on interest payment for housing loans: As part of its tax management and tax structuring, the finance ministry has increasing the home loan rebate on self-occupied property from Rs 1,50,000 to Rs 2,00,000. Income tax deduction limits under 80C on repayment of principal amount on housing loan has also been increased from Rs 1 Lakhs to Rs 1.5 Lakhs which is likely to make more people walk down the housing loan route in the coming year. This is a good news for banks too!
Migsun Ultimo at Greater Noida, Hot Choice For The Buyer Looking Low Budget Apartments With High Class Facilities.
Before briefing up of Migsun Ultimo i would love to brief something for the builder Mahaluxmi Group.House is a dream for every individual. In a vibrant and compact world a space is what every individual craves for.Mahaluxmi Group turn this dream into reality. Mahaluxmi Group translate the thought of an individual into space of his choice. Mahaluxmi Group create this space with trust, relationships and commitment. They very well understand that four walls do not make home so they transform spaces into homes. They have made the individuals live their dream and most humbly and gracefully continue to do so.
Migsun Ultimo new project of Mahaluxmi Group, is now how choice for the buyers who are looking apartments with high class facilities in low budget. Mahaluxmi group well known by a leading key player in the real estate sector,Mahaluxmi group giving great contribution in Indian realty sector.Now after great appreciation of its earlier project mahaluxmi green mansions and mahaluxmi homz, this group come up with its news project full of utmost style, comfort along with quality MIGSUN Ultimo.
Migsun Ultimo price starts from Rs. 2150/- Per Sq ft, which is again a surprise by the builder as offering style, comfort and security in a very reasonable price.Migsun Ultimo is a group housing project by Mahaluxmi Group comprises in 6.5 Acre of area,with 3 side open Plots, 100 m Green Belt along 130 m road. with 3-tier Security systems & 24 Hrs Power & Water Supply. Low cost price and high class facilities is the prime reason for the buyers for investing there money in Migsun Ultimo Project.Free parking for for first 100 booking in Migsun Ultimo Project is a great offer by the builder to attract buyers.
Prime Features of Migsun Ultimo
* 3 side open plot
* Over looking 100M Green belt and along 130 meter Road
* 2.1 Acres Podium Central Greens
* 10000 sq. Ft. Club House
* Swimming Pool
* World class gym
* Jacuzzi and aroma massage therapy spa
* Jogging Track
* Kids Play area
* Lotus Pound
* Vastu Compliant
For More Info Visit: HTTP://MIGSUNULTIMO.ORG.IN/
Investor aura offering best deal in Migson Ultimo project. Investor Aura is committed to offer dependable and professional services in the field of real estate aimed at providing effective and efficient solutions to domestic and global clients by understanding the client’s financial requirement and providing them with the best cost effective solution.
Investments & Sales Inquiry
For sales or business related questions, please email our sales team @ INFO@INVESTORAURA.COM or call +91-80 1001 9019, 0120 – 4245519.
Investor Aura (P) Ltd.
GF-31,32,Builders Scheme,Omaxe Arcade,
Sector-Omega-1, Near Pari Chowk,
Gr. Noida (U.P.) Pin-201308.
Our Aura team crawl to google for finding some good articles for our site visitors one of our team member stop on articles by CNN money.With the heading Tips for buying a house The top 10 things you need to know when buying a home. Would like to add please read carefully all the points:
1. Don’t buy if you can’t stay put.
If you can’t commit to remaining in one place for at least a few years, then owning is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner – even in a rising market. When prices are falling, it’s an even worse proposition.
2. Start by shoring up your credit.
Since you most likely will need to get a mortgage to buy a house, you must make sure your credit history is as clean as possible. A few months before you start house hunting, get copies of your credit report. Make sure the facts are correct, and fix any problems you discover.
3. Aim for a home you can really afford.
The rule of thumb is that you can buy housing that runs about two-and-one-half times your annual salary. But you’ll do better to use one of many calculators available online to get a better handle on how your income, debts, and expenses affect what you can afford.
4. If you can’t put down the usual 20 percent, you may still qualify for a loan.
There are a variety of public and private lenders who, if you qualify, offer low-interest mortgages that require a small down payment.
5. Buy in a district with good schools.
In most areas, this advice applies even if you don’t have school-age children. Reason: When it comes time to sell, you’ll learn that strong school districts are a top priority for many home buyers, thus helping to boost property values.
6. Get professional help.
Even though the Internet gives buyers unprecedented access to home listings, most new buyers (and many more experienced ones) are better off using a professional agent. Look for an exclusive buyer agent, if possible, who will have your interests at heart and can help you with strategies during the bidding process.
7. Choose carefully between points and rate.
When picking a mortgage, you usually have the option of paying additional points — a portion of the interest that you pay at closing — in exchange for a lower interest rate. If you stay in the house for a long time — say three to five years or more — it’s usually a better deal to take the points. The lower interest rate will save you more in the long run.
8. Before house hunting, get pre-approved.
Getting pre-approved will you save yourself the grief of looking at houses you can’t afford and put you in a better position to make a serious offer when you do find the right house. Not to be confused with pre-qualification, which is based on a cursory review of your finances, pre-approval from a lender is based on your actual income, debt and credit history.
9. Do your homework before bidding.
Your opening bid should be based on the sales trend of similar homes in the neighborhood. So before making it, consider sales of similar homes in the last three months. If homes have recently sold at 5 percent less than the asking price, you should make a bid that’s about eight to 10 percent lower than what the seller is asking.
10. Hire a home inspector.
Sure, your lender will require a home appraisal anyway. But that’s just the bank’s way of determining whether the house is worth the price you’ve agreed to pay. Separately, you should hire your own home inspector, preferably an engineer with experience in doing home surveys in the area where you are buying. His or her job will be to point out potential problems that could require costly repairs down the road.
After going through its 6th Point: Get professional help. I would like to add:
Investor Aura (P) Ltd at Greater Noida, providing best deal in greater Noida Project from various Builders,
For Best Deal Call: +91-80 1001 9019,
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Metro connectivity in Noida received a big push on Tuesday with UP chief minister Akhilesh Yadav.
Written By : Lokesh Chaudhary (G.M Investor Aura (P) Ltd.)
Metro connectivity in Noida received a big push on Tuesday with UP chief minister Akhilesh Yadav clearing two major routes — a 29.7 km line from Noida City Centre (Sector 32) to Greater Noida, and another 6.7-km stretch from City Centre to Sector 62.
The Noida-Greater Noida Metro track will have 22 stations, of which 13 will be constructed on ground while seven will be elevated. Two stations at Knowledge Park-I and Sector Delta-1 in Greater Noida are planned for future expansion.
Starting from Noida City Centre in Sector 32, the proposed Metro corridor will head towards Greater Noida via stations in sectors 50, 51, 78, 101, 81, Dadri Road, 83, 85, 137, 142, 143, 144, 147, 153 and sector 149 in Noida. It will enter Greater Noida through Knowledge Park-II and traverse Pari Chowk, Sector-Alpha 1 and 2, before terminating at Depot Station proposed near Knowledge Park-IV in Greater Noida. The entire Metro alignment is proposed to be elevated.
This is the most awaited news for MIGSUN Group and other builders who are developing there real estate projects in Greater Noida. MIGSUN Group has almost 15-20 project in Delhi – NCR, Its two project by name Mahaluxmi Green Mansion & Migsun Ultimo getting huge appreciation in Greater Noida.
Mahaluxmi Green Mansion located opposite Zeta -1, is a peaceful locality, which is located in the heart of the city. Wide roads and green atmosphere gives a happy and prosperous life to the residents, so it is a green locality for living purposes. Migsun formerly know as Mahaluxmi is ready to give possession to buyers with in one year. Also giving NO EMI till possession option for the buyers just after paying 15% advance amount. For More Info of Mahaluxmi Green Mansion project you can log on to WWW.INVESTORAURA.COM. Investor aura giving best deal (specially for Migsun ) for Greater Noida projects.
Migsun launched a new residential project in Sector Omicro III, Greater Noida. Its a group housing residential project of Migsun group, it is a combination of modern style, luxury and comfort at handpicked location of the city. Builder announced Free Parking for its first 100 buyers is an attractive discount to attract attention of the investors.
The project composed in 6.5 Acre area, 3 side open Plots, 100 m Green Belt along 130 m road. With 3-tier Security systems & 24 Hrs. Power & Water Supply situated at Omicron Sector 3, Greater Noida.
Migsun offerings four sizes of apartment for the buyers,2 BHK FLAT (AREA 1005 SQ. FT), 2BHK PLUS STUDY (AREA 1140 SQ. FT), 3BHK PLUS 2 TOILET (AREA 1375 SQ. FT), 3BHK PLUS 3 TOILET + STUDY (AREA 1595 SQ. FT.). This is hot project for the buyers who are looking a nicely designed apartment with all facilities of water, electricity and security with good social life.
For Migsun Ultimo more info visit WWW.MIGSUNULTIMO.ORG.IN.
Greater Noida, is managed and controlled by greater New Okhla Industrial Development Authority (GNOIDA). the city was created underneath the UP Industrial space Development Act. As we have a tendency to all grasp that Greater Noida is taken into account to be one in every of the a lot of trendy cities of Uttar Pradesh State of India.
Buyers & Investors who have already invested in Greater Noida Project are waiting for few more announcement which are supposed to be announced by our Honorable Prime Minister Sh. Narender Modi. after he return back from his US tour.
Written By : Lokesh Chaudhary (G.M Investor Aura (P) Ltd.)
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