Lucknow Real Estate Projects: Make Worthy Investment of Your Money

12369030_911546672231829_7140126480596925101_nReal estate market is emerging day by day in Lucknow. It is one of the growing metro cities in India. Being among one of the prominent historical cities, one can witness several historical monuments, tombs, and cultural heritage sites here. It is also the capital of the most populous city i.e. Uttar Pradesh, thus one can explore many job and business opportunities in this city.

Apart from it, there are numerous residential townships in this city. Lucknow is a worthwhile investment option for real estate investors. From commercial to residential, all sorts of properties are easily available for rent and sale in this city. One can sensibly invest his hard-earned money in Lucknow real estate projects for a profitable return. In the recent years, several new residential projects mainly developed thus providing an opportunity to the investors to invest here and get true worth of their money.

Well-Developed Infrastructure
Infrastructure is at its extreme due to the arrival of metro and construction of excellent roads in various regions. This results in creating better connectivity with different corners and parts of the city and allows the people to reach the desired destination in less time. Those who want to experience the lavish Nawabi culture with a blend of modern amenities can definitely invest in real estate here. There exists large number of schools, hospital, restaurants, and shopping malls in diverse locations in the city.

In last few years, the real estate of Lucknow has witnessed sustainable growth. Some of the reasons that are responsible for establishing an excellent reputation of Lucknow real estate market among the realtors, investors; international and domestic buyers are as follows:

• Rapid development in economic sector
• Positive government policies
• Increment in salaries along with excellent job opportunities
• Changing interest of investors and buyers

Reputed builders with Lucknow real estate projects

There are many reliable developers who are ready to coming up with latest projects. The projects are complete blend of latest amenities that include swimming pool, modular kitchen, gardens, and swimming pool etc. Thus, it would be a great deal to invest in this city.

Luxury Housing and Smooth connectivity
The smooth connectivity with major location generally established due to excellent roads. It is possible only because of the some areas are renowned as luxurious housing apartments. These places include Sultanpur Road, Faizabad Road, Shaheed Path, Gomati Nagar and many more. The transportation and communication facility are unmatched creating them an ideal destination for investment purposes.

The individuals who are new to this city and face problems in getting the desired property can utilize the internet. Presently, the internet is becoming popular for property search in all cities. All the reputed builders have developed their website from where you can get information of price, amenities, specifications, etc. It is also a cost effective and timesaving way of getting residential projects.

The New Age of Investments

12391347_911895515530278_6039578701227019331_nPurchasing a real estate property in today’s age of expenses is a lot more than just looking or the perfect place to stay at. One has to approach it as an investment opportunity. The real estate is a great vehicle as it has numerous opportunities for growth, buying and owning real estate and is as good as investing in stocks and bonds themselves.

Basic Rental Properties
Top real estate builders in India say that basic rental projects are extremely sought after. As old as the times of land ownership itself, purchasing properties as an investment to eventually put up on rent is extremely popular. This offers the investor a chance to grow his portfolio as well as have an additional source of income.
In most cases this process works out for both parties. As long as you do not find yourself with a notorious tenant who damages your property, you can benefit from this set up.

Real Estate Investment Groups
Real estate investment groups resemble a mutual fund related to rental properties. When you wish to own a property without the hassle of playing landlord as well, you can join such a group. Say there are a number of Lucknow real estate projects out of which a company buys an entire block. Investors can then through the company purchase a flat and become a member. The maintenance and management is done through the firm for a small amount but the ultimate owner will still be you of the individual unit.

In such a set up, at times even if your unit is free of any tenant, the profits are divided in a way that you will receive some part of it.

Real Estate Trading
This is the side where you can go crazy. The method of flipping on properties where the investor barely holds them for about three to four months, this is done to play with the market when properties are undervalued and the market is on a streak. Though short term, this is an extremely risky method and requires skill and financial capital to succeed in.

REITs
as long as there is a things, wall street will want in on the action. A real estate investment trust is an instrument that companies use to purchase and operate income projects. Similar to a stock, it has an entire methodology of calculation and division.

Just a scratch on the surface of investments in realty, there are a number of factors that go into play and make investing such a lucrative business as well.

Psychoanalysis into the Purchasing Decision of a New Home

12187687_892690354117461_8067337358810838057_nAlthough we have always known that a person’s behaviour stems from his traits, it is now also true that the real estate decisions you make are due to the personality traits you possess. The kind of decision one makes regarding real estate can help determine his personality type. If you are a highly efficient and organising oriented person who focuses on the detailing and micro aspects, you are a perfect candidate for a fixed rate mortgage plan.

The Divisions and a Behavioral Pattern
In a study, the candidates were asked to categorize themselves and rate their level of openness, precision, extroversion, agreeability and their neuroticism. They were then asked to note down all their real estate related preferences such as type and duration of loan preferred, whether they wished to rent the property or buy it as well as whether or not they though real estate was a preferred market to invest in. It was found that the people from similar groups gave the exact same answers. Even similar groups of gender, age and such diversity were able to answer in a similar fashion.

An Explanation

Whether or not you are looking to purchase a commercial property in Lucknow, some of the personality traits that influence the decision are-

Conscientious
Such people showed a great preference to fixed rate mortgages and loans. In their fear of taking a large uncalculated step or something that does not have proof, they would rather postpone the sensation of gratification.

Open
Seeking low loan to value rates, such groups wished to lower the rate payable.

Neurotic
The preference scale showed a steep inclination towards home ownership rather than rented properties. This is mainly because they are unwilling to take a large amount of risk.

Agreeable and Extroverts  
Players in the field of real estate, this group did not pick stocks over the realty market.

The Final Verdict

However, these correlations and findings aren’t confined to just the groups we come from. The lifestyle and other factors we live in often affect our decisions and behaviour too. It is impossible for top builders in Uttar Pradesh to simply use these studies and findings and apply them in terms of sales. These guiding parameters are simply a way to understand the basic situation and not impact the market as such. The way a person consciously chooses to live has graver consequences than our inbuilt processing capabilities.

The Psychology of Buying a New Home

Real Estate Companies IndiaIt is no doubt that basic psychology and human behaviour have an impact on the trends of even buying a home. To help you beat the process and make an impractical decision, here are some of the common mistakes and misconceptions to avoid-

Understand Buybacks Can Be Dicey

Even for a developer, getting a loan approved from a bank is no easy feat. Hence, they often use buyers as a mode of borrowing from the banks by offering a guaranteed rate of return that is often as much as 20-24%. These documents indicate that the developer is in dire need of money but also state that these offers are applicable on those premises that will rise more than the rate allotted in the future. Hence, the customer will choose to sell to the market directly instead of waiting for the developer to fulfil his commitment. The consumer is protected as even if the rate rises slower than expected, the developer must meet with the promises or face the courts of law.

Factoring In Tax Gains Beforehand

Tax deductions can be availed on interest as well as the principal sum on the home loan repaid in most cases. Although they have a cap on the amount, you also need to understand how the entire system works as there are a number of catches and loopholes.
In the event of rented properties being in question for deduction, it is applicable in full. As you will be taken through the road map, you will understand flipping on loan bought properties is not a favourable solution.

Don’t be lured by Special Offers

You will come across a number of advertisements and promotional material when looking for a house to rent. To help expedite sales, free parking slots and waivers on certain charges are often found too. However, do not get carried away with such attractive packaging schemes. You do not want to be lured to a trap. Even if you are looking for a 2 BHK flat in Lucknow for sale, make sure you compare the prices as well as the other factors before picking on one to make the most of the situation.

When looking for a home, ensure you are very clear on what you are looking for. If you wish to find an NRI real estate investment in Lucknow, list all the factors you desire. This will help you from betting confused and focusing on what is important.

The Market of Investments: Real Estate

12348065_908446849208478_4842522532239338990_nThe year may not have been a good to invest in physical assets, but real estate has been offering some of the best returns. Although gold steadily lost its demand not only in India but also internationally, the real estate market seems to be booming barring some exceptions.

Gold faced a drop of about 15% as it went from a little over INR 30,000 to a meek INR 26,500 this year. Due to the impact of duties paid for import and the constant changes in the rate of dollar VS the rupee, the prices of gold varies far more domestically than in terms of dollars.

The real estate market in most places seems to have shown an increase in prices though. While residential apartment houses in Lucknow gave a high rate of return, there have been exceptions such as Hyderabad due to the tension and uncertainty related to the creation of Telangana.

Here are some of the many reasons investing in the real estate market is a good option right now-

• Gaining Some More
Using the bank’s money is extremely simple when it comes to the real estate market. From making a down payment to leveraging your capital, the overall return on investment can significantly be increased.

• Experiencing Growth without the Hassles of Tax
Although speculations in any market may prove to be dangerous, in the longer term, the value is sure to appreciate. Investing in real estate can help you save on tax as long as you strategise and plan it out.

• A Tax Free Flow of Cash
With the help of depreciation and mortgage interest deductions, your cash flow can be practically tax free. Most of the times, the investors will never have to pay taxes on their cash flow and can instead wait for gains in their capital due to sale of property in the future.

• Increase Tax Deduction with Simple Strategies
Rental properties give investors an opportunity to convert all their personal expenses to a legitimate business deduction. Rental real estate is a legitimate business and hence expenses made to check on the property or fees for the caretaker can be written off instead.

As horrible savers, the best way to add value to your capital is by purchasing any real estate even if it is a flat for sale in Lucknow or a luxury property elsewhere. This can even help you commit and form a stable retirement plan for yourself.