A Complete Guide for People Looking for Flats in Lucknow

A guide to buying your dream home

AGENDA What we'll talk about About us The home buying process in 12 steps

About Us Paarth Infrabuild Pvt. Ltd. envisions to emerge as one of the most reliable, recognized and recommended name in the Real Estate Industry. We've been in the real estate industry for 15 years. To realize this vision, our workforce and associates strive to achieve excellence in every aspect of development to enhance quality of living for our customers by designing lavish, luxurious, affordable and eco- friendly projects that exemplify modern day lifestyle without affecting the environment.

We are one of the prominent names in the development of residential & commercial projects of various sizes and prices ensuring that we have everything as per our customer’s requirements and convenience.

The home buying process in 12 steps The Stages of Purchasing Our Dream Home

A home is made up of love, hopes and dreams. It is a place where you create memories with your loved ones for a lifetime. Buying a home is one of the biggest decisions in a person’s life. It is one of the biggest life goal for countless number of people. Especially buying your first home can be a little overwhelming. There are a lot of question in a person’s mind about budget, location, lifestyle needs, which builder to choose, whether to go for an under construction property or ready to move in and so on. If you know what your exact requirement is, the entire experience of selecting the correct home for your needs will seem easier. As there are a lot of options available to buy Flats in Lucknow, a first time home buyer may get a little overwhelmed To make the entire process easier for you, we are providing you with a complete guide on what factors you need to consider while buying your first property in Lucknow.

01 Deciding Your Budget The most important factor to consider while making a purchase decision is the property budget. Location and type of property will determine the price. This will help you narrow down properties in Lucknow while deciding. You may want to take into consideration your existing financial commitments and have an estimate of the EMIs that you are comfortable paying every month at a reasonable rate of interest and tenure of the loan. You can calculate this using the EMI Calculator.

02 Deciding The Type of Property The type or size of the property you buy depends on There are various factors like the number of members in your family developers in Lucknow and your budget. All this will help you decide if you offering independent want to go for an independent house or an houses and apartments apartment in Lucknow. This will also help you in all sizes and budget determine whether you want a 1 BHK, 2 BHK or 3 at various locations. BHK flat, asper your requirement.

03 Focus on the Location Choosing the location for your home is one of the most important factors in making the decision. You should choose a location so that your school, office and other places that you need to commute on a regular basis are easily accessible. It is also important to have good connectivity with market, hospitals, railway station, airport and other such important social infrastructure. The budget that you have decided will also pay a very important role in deciding the location of your property. A prime location in the city will command a higher price as compared to other areas that are still developing. While buying a home in Lucknow, you may consider prominent locations like Gomti Nagar, Gomti Nagar Extension, Sultanpur Road, Golf City, Shaheed Path. These locations have easy accessibility to all the areas in Lucknow.

These days apartments in Lucknow offer a 04 host of amenities like clubhouse, kids play area, amphitheatre, meditation zone, Choose Amenities Power Backup, Gated Security, parking as Per Your Needs area, convenience store, jogging track, etc. Make a note of the kind of amenities that you require on a regular basis depending on the members of your family. For instance, if you have kids, it would be a good idea to consider an apartment which has a spacious play area. If you have elderly members in the family, you may look for amenities like park and yoga room. If you are buying home in a township, you will have easy access of the things you need on a daily basis as everything will be available in the campus itself. You may select your dream home on the basis of your requirements.

05 Choose a Reputed Builder Buying a home is probably the biggest investment of a person’s lifetime. Since a lot of time, money and emotions are attached to making this decision it is crucial to consider the builder reputation. Check the record of the builder and the company, how many projects has he delivered. There are a number of developers in Lucknow and it might get a little confusing to decide. So it is always advisable to do your research before coming to a decision. There are a lot of reputed builders in Lucknow like Ansal, Omaxe and Paarth Infrabuild who have developed good quality projects in Lucknow.

06 Selecting Home Loan Since buying a home is a big investment, you will need to avail a home loan. You can talk to your existing banker or look for a project that is already Bank Approved. It is advisable to look for a Bank approved project in Lucknow as it is generally a more secure option as Banks usually do thorough investigation of the financial feasibility of any project before giving approval for loan. A home loan also offers tax benefits as interest paid on home loan is tax deductible. Do a thorough research on home loan rates offered by different banks and go with the one which is the best suited to your needs.

07 Verify if the Project is RERA Registered The property should be registered under RERA and you can check for the same on the official website of RERA (Real Estate Regulatory Authority). RERA ensures that the interests of the buyer is protected in terms of what the developer has committed to deliver. This ensures more transparency between the buyer and the developer. In case of any grievances related to a property you may reach out to RERA for assistance. So, always look for a RERA Approved Property in Lucknow.

08 Status of the Property How soon do you want to move in and what If you wish to move in immediately, go for a ready-to- kind of payment plan you are looking at will move-in project. You will have to make the entire payment determine the status of the Property you buy. in one go for a ready-to-move-in property. If you can wait Whether you want to go for an under for some time before you are ready to move into your construction project or ready to move in will new home, go for an under construction project. This will also further help you to narrow down your also give you time to make the payment as and when the options. construction takes place.

09 When you are working out a financial plan to pay for your house, do not forget to consider additional costs Keep Into like property registration cost, property taxes, Consideration maintenance cost, property insurance and cost of the Additional interior fit outs, if required. All these will come into Costs play after you have bought the house but they do make up for a considerable amount and need to be factored in your financial Planning. Do talk to your developer about an estimate of these cost before making the buying decision.

10 Know the Government Benefits Available The Government has several ongoing schemes for first time home buyers and you should find out if you are eligible for any. If you are a first time home buyer, you are eligible to avail income tax benefits under the sections- Section 80C, Section 24 and Section 80EEA of the Income Tax Act. Make sure to avail benefits that the government has to offer, if applicable to you. You may also check with the developer in Lucknow about the benefits you may get if you are eligible for any, on booking your home with them.

11 Take Into Consideration Your Future Needs Buying a house is a big decision in a person’s life so it is always a good ideas to take into consideration your future needs as well before making a purchase decision. A bachelor who might be planning to get married in near future can opt for a 2 BHK preferably. A married or expecting couple can go for a 3 BHK as they will require a bigger space. It might also be a good idea for them to look for a neighbourhood that has good schools, paediatricians, market and open spaces. So, do consider what your life is going to be in a couple of years while making your home buying decision.

If your financial planning requires 12 selling the house at some point in future, make sure to look for a Long Term locality that shows potential Financial Goal appreciation in the future. For this, you can look in for factors like availability of good social infrastructure and easy accessibility to major areas in Lucknow. Areas like Gomti Nagar Extension, Shaheed Path, and Lucknow-Kanpur road have shown good appreciation in the recent past and as these areas are still developing, you will be able to find good properties at affordable prices.

Your first home is a memory for your lifetime. Especially after Covid, the real estate market is looking up as people have realised the importance of owning a home. As per recent trends, families who were staying on rent are keen on buying their own homes and others want to move into a bigger place, especially after the lockdown period. We hope this list will answer questions that you might have and can help you in making the decision of buying your dream home in Lucknow.

Testimonials and reviews Abhishek Garg What our clients I was seeking for a residential property in Lucknow and say about us one of my friend suggested me Paarth infra's two residential projects. One is Goldfinch & another one is Gardenia Residency. I liked both of them as it's close to Kanpur road Lucknow and filled with various amenities. I even go through their unit plans for 2 BHK for Goldfinch property. Nice Location, well planned and quality construction done by Paarth developers. This place is going to be a fantastic place to live. Naman Pandey Good project, parth arka is excellent 3-4 bhk apartments just behind the new cricket stadium Anup Sahai Aadyant by Paarth Infrabuild ensures comfortable lifestyle of unmatched quality through Gymnasium, Swimming Pool, Children's play area, Club House, Cafeteria, Golf Course, Intercom, 24 X 7 Security, Jogging Track, Power Backup, Landscaped Gardens and that are best in class and features.

Get in touch Let's talk with us 1800-102-5914 Call us or send a message about your Email us home buying needs. [email protected] Visit our website www.paarthinfra.com