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Top 10 Best Under Construction Residential Projects in Noida 2023

By
Team iPropUnited
-

Noida offers an affordable lifestyle in comparison to Delhi and Gurgaon. Being the national capital city, it is congested and has the most expensive property rates in Delhi. While Gurgaon is also another hub for MNCs and upcoming suburbs, it is also expensive when compared to Noida.

As more people are coming to buy properties in Noida and settle down with their families, the government is also making efforts to enhance the connectivity of the city to Delhi, Gurgaon, Ghaziabad, Faridabad, and other cities. Noida is a beautifully planned city with roads and trees and has lots of retail options with its bustling local markets along with swanky and modern malls.

Here are some of the best residential projects in Noida for investment or living purposes that are the best option to make a worthy and smart investment. 

Godrej Nest by Godrej Properties

RERA Registration no: UPRERAPRJ13521

Possession by September 2024 onwards 

This luxurious property is strategically located in Sector 150, Noida. It has 2 phases including 20 towers with 31 floors and around 473 units on offer. The project has an expanse of over 8.9 acres of land. 

The project is featured with great amenities offering its residents to live with ease as it provides grocery shops in the vicinity, restaurant, cafeteria, shopping centers, library, party lawn, clubhouse, gymnasium, car parking, children’s play area, infinity pool, medical center and many more. 

Noida sector 148 metro station, Knowledge Park II metro station, and Pari chowk Metro Station are some popular transit points closest to Godrej Nest. The locality has a decent infrastructure to offer. Sector 150 is linked to commercial hubs. 

Average property price of the project ranges between Rs 14,568 – 17,780. 

Configuration 

Size 

Price

2 BHK

742 sq.ft. 

Rs 1.32 Cr onwards

3 BHK 

893 sq.ft.

Rs 1.57 Cr onwards

4 BHK

1,614 sq.ft.

Rs 2.65 Cr onwards

5 BHK

1,819 sq.ft.

Rs 3.48 Cr onwards

 

ACE Parkway by Ace Infracity Developers 

RERA Registration no: UPRERAPRJ4514

Possession by June 2023 onwards 

This under construction residential project is located in Sector 150, Noida. The project has a vast expanse of 11.26 acres. The project has 11 towers with 26 floors and offers 970 flats. 

The vicinity has 6 educational institutes and around 5 medical care centers are available in proximity. It offers amenities such as Event Space & Amphitheatre, Cricket Practice Net, Jogging Track, Swimming Pool, Reserved Parking, Kids’ Play Area, and Badminton Court. 

The project’s location allows good connectivity to Delhi and NCR. Noida Greater Noida Expressway, Yamuna Expressway, and Railway Station are within a range of 3 Km of the project. 

Average property price of the project ranges between Rs 11,500 – 12,300/per sq.ft. 

Configuration 

Size 

Price

2 BHK

1,095 sq.ft. 

Rs 1.26 Cr onwards

3 BHK 

1,750 sq.ft.

Rs 2.01 Cr onwards

4 BHK

3,220 sq.ft.

Rs 3.96 Cr onwards

5 BHK

7,415 sq.ft.

Rs 8.53 Cr onwards

 

TATA Eureka Park by TATA Value Homes

RERA Registration no: UPRERAPRJ5448

Possession by September 2023 onwards 

This residential project has 17 towers with 28 floors. It has 1846 units on offer. The project has a total expanse of 20 acres and offers 70% open area. It is located in Sector 150, Noida.

The project includes amenities such as a shopping center, amphitheater, sewage treatment, spa, pool table, library, community hall, rainwater harvesting, and landscaped garden.

The housing society in Noida is strategically positioned in ease of connectivity to various localities as it has many popular educational institutes, Shopping Malls, Banks, and Hospitals in the vicinity to cater to all necessities of its residents. 

Average property price of the project ranges between Rs 7,050 – 8,470/per sq.ft. 

Configuration 

Size 

Price

2 BHK

1,100 sq.ft. 

Rs 93.2 L onwards

3 BHK 

1,575 sq.ft.

Rs 1.11 Cr onwards

 

Prateek Canary by Prateek Group

RERA Registration no: UPRERAPRJ591510

Possession by October 2027 onwards 

This under construction housing society is located in Sector 150, Noida. The project is spread over an area of 12.55 acres. There are around 644 units on offer. The society has 9 towers with 28 floors. 

The project is providing top-notch amenities such as Bar/Lounge, Outdoor Tennis Court, joggingTrack, Club House, Park, Aerobics Room, Piped Gas, DTH Television Facility, Conference Room, Waste Disposal, Parking for Visitors, Power Backup, and many more.

Noida Sector 148 metro station, knowledge park II metro station are some of the closest transit points for the housing societies. The project is linked to commercial hubs, the upcoming Jewar Airport, Noida Greater Noida Expressway. 

The average price of a property in the project ranges between Rs 6,960 – 7,510/sq.ft.

Configuration 

Size 

Price

3 BHK

2,040 sq.ft. 

Rs 1.42 Cr onwards

4 BHK 

3,355 sq.ft.

Rs 2.52 Cr onwards

 

Mahagun Manorialle by MAHAGUN GROUP

RERA Registration no: UPRERAPRJ2051

Possession by December 2023 onwards 

The project is located in Sector 128, Noida, and has modern construction. It is spread over 3.86 acres with 6 towers including 40 floors and offers 386 units. 

This affordable housing society also offers 65% open area to provide fresh and pure ambiance to their residents. 

Many popular transit points are close to the project such as NSEZ metro station, Noida sector 83 metro station, and Noida sector 81 metro station. Out of this NSEZ metro station is the nearest to this location. The location has decent infrastructure to offer. There are around 3 educational institutes and around 13 medical care centers in the vicinity. The project also provides all the basic and civic amenities such as Cafeteria, Food Court, Barbeque Pit, swimming pool, and many more.  

The average price of a property in Mahagun Manorialle is Rs 12,750 – 14,190/sq.ft.

Configuration 

Size 

Price

3 BHK

2,700 sq.ft. 

Rs 3.44 Cr onwards

4 BHK 

2,850 sq.ft.

Rs 4.24 Cr onwards

5 BHK

5,300 sq.ft.

Rs 7.52 Cr onwards

 

Eldeco Live By The Greens by Eldeco Group

RERA Registration no: UPRERAPRJ15172

Possession by December 2023 onwards 

The project is located at Sports City in Sector 150, Noida. The project has 17 towers with 22 floors and has 4522 units on offer. The project has a total area of 19.98 acres. This housing society has 3 phases out of which 1 phase is under construction and will be completed by December 2023. 

The project offers numerous recreational & sporting facilities, acres of greens, a mesmerizing river view, and a large clubhouse with all modern amenities, acres of greens, and a mesmerizing river view. It offers all kinds of basic and civic amenities. 

The average price of a property in Eldeco Live is Rs 7,547 – 8,000/sq.ft.

Configuration 

Size 

Price

2 BHK

1,137 sq.ft. 

Rs 85.82 L onwards

3 BHK 

1,404 sq.ft.

Rs 1.05 Cr onwards

 

Gulshan Botnia by Gulshan Homz

RERA Registration no: UPRERAPRJ5857

Possession by February 2024 onwards 

This under construction housing society is located in Sector 144, Noida. This project is spread over an area of 5.31 acres. It has 12 towers with 19 floors and has 764 flats on offer. 

Noida sector 144 metro station, Noida sector 143 metro station, and Noida sector 145 metro station are some of the popular transit points closest to the project. Out of this, Noida sector 144 metro station is the nearest to this location.

The project serves first class premium amenities such as Fire Fighting Equipment, Flower Gardens, Event Space & Amphitheatre, an Early Learning Centre, Dance Studio, Concierge Services, Bank & ATM, Coffee Lounge & Restaurants, Canopy Walk, Barbeque Pit, etc

The average price of a property in Gulshan Botnia is Rs 6,500 – 7,000/sq.ft.

Configuration 

Size 

Price

2 BHK

1,025 sq.ft. 

Rs 71.34 L onwards

3 BHK 

1,475 sq.ft.

Rs 1.03 Cr onwards

 

Max Antara Noida by Max Group Company

RERA Registration no: UPRERAPRJ745377

Possession by December 2024 onwards 

The project is spread over an area of 4.08 acres. This affordable housing society has 5 towers with 30 floors and has 340 units on offer. It is located in Sector 150, Noida. The locality offers good connectivity to the nearby commercial hubs, Noida -Gr Noida Expressway, and the Upcoming Jewar Airport.  

Max Antara has some great amenities to offer such as Doctor on call, Concierge Service and Swimming Pool. The locality has a decent infrastructure, and there are around 3 educational institutes and around 2 medical care centers in proximity to this location. 

The average price of a property in Gulshan Botnia is Rs 6,500 – 7,000/sq.ft.

Configuration 

Size 

Price

2 BHK

890 sq.ft. 

Rs 1.32 Cr onwards

3 BHK 

1,322 sq.ft.

Rs 2.05 Cr onwards

 

SKA Orion by SKA Group ORION

RERA Registration no: UPRERAPRJ186008

Possession by March 2026 onwards 

This housing society is located in Sector 143 B, Noida. It has a total expanse of 3.33 acres including 3 towers with 32 floors and has 508 units for sale. 

The project is equipped with various resident-centric amenities that include reserved parking, Gymnasium, RO Water System, Power Backup, Children’s Play Area, Kid’s Pool, Cricket Pitch, Aerobics Room, Basketball Court, Restaurants/Cafeterias, Sky Club, etc.    

The project is strategically positioned in a rapidly growing area for residential, commercial, and industrial companies. Sector 143 Metro Station, Noida Expressway, Advant IT Park, and Jaypee Hospital are 10 minutes away from the society.

The average price of a property in SKA Orion is Rs 6,600 – 7,000/sq.ft.

Configuration 

Size 

Price

3 BHK

1,425 sq.ft. 

Rs 85.8 L   onwards

3 BHK

1,600 sq.ft.

Rs 1.05 Cr onwards

3.5 BHK 

1,900 sq.ft.

Rs 1.33 Cr onwards

 

Ivy County by County Group

RERA Registration no: UPRERAPRJ757529

Possession by December 2024 onwards 

The project is located in Sector 75, Noida, and the locality has a decent infrastructure to offer. The total area of the project is 5.1 acres that include 5 towers with 27 floors and 546 units for sale. 

The project includes some top notch amenities such as an infinity pool. Reading lounge, food court, flower garden, card room, aerobics center, restaurant, terrace garden, jacuzzi, spa, steam room, etc. 

There are around 18 medical care centers and around 2 educational institutes in proximity to the location. The project is positioned near the upcoming FNG Expressway. The location also has some nearby active marketplaces and many Employment Hubs are in a range of 10 Km. 

The average price of a property in Ivy County is Rs 11,450 – 11,770/sq.ft.

Configuration 

Size 

Price

3 BHK

1,656 sq.ft. 

Rs 1.95 Cr onwards

4 BHK 

2,511 sq.ft.

Rs 2.88 Cr onwards

Noida today is considered the most promising location and is the first preference of any investor or buyer. There are many residential properties in Noida by many well-known developers in the industry that have constructed luxurious flats in Noida, Greater Noida, and Yamuna Expressway.   

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Lenders will recover the settlement amount for RHFL in this week

By
Team iPropUnited
-

Two people aware of the development told ET that lenders are ready to recover the settlement amount, after eight months of a agreeing with the deal to sell Anil Ambani-promoted Reliance Home Finances (RHFL) to Authum Investment Infrastructure.

Disputing creditors – a Shapoorji Pallonji entity and lenders led by Bank of Baroda agreed on a ‘conditional settlement’, thereafter Delhi High Court on December 21, and vacated a stay on the distribution of proceeds from the sale of RHFL. 

People mentioned that the amount of  ₹1,565 crores will be distributed by the Authum Investment to 33 lenders to those who signed an intercreditor agreement  (ICA).  

Shapoorji Pallonji (SP) entity Always Remember Properties Pvt Ltd, which claimed Rs 200 crores, will receive a settlement amount of Rs 46 crores, as per the terms of the settlement. As per the court order and resolution plan the amount is proportionate to the amount distributed to other lenders. 

Delhi High Court prohibited RHFL from disposing of, alienating, or encumbering either directly or indirectly any of its assets, after an appeal done by SP Group in November 2019 seeking a settlement of Rs 200 crore. This prevented lenders from concluding the debt resolution process of RHL. 

As per the settlement terms, the balance amount of Rs 154 claimed by the SP entity, will be deposited with the Delhi High Court and will be paid to the appropriate party based on the outcome of the arbitration between the parties involved. 

Yes Bank will be the biggest beneficiary of the distribution of proceeds, as it will receive Rs 319 crore. Bank of Baroda will get Rs 262 crore, along with other lenders, Life Insurance Corp would receive Rs 184 crore, Canara Bank Rs 150 crore, and Punjab & Sind Bank Rs 138 crore. 

Lenders who ICA signed must write a consent agreement stating that the settlement amount will be reversed to the adjudicating authority in case of any adverse order. 

Authum appeared as the winning bidder in June 2021, for RHFL offering Rs 2,683.23 crore to lenders and NCD holders. However, this offer did not include Rs 200 crore overdue of the SP group entity. 

For now, Authum will distribute Rs 1,565.7 crore among creditors that sign the consent agreement by the month’s end.

RHFL has a total overdue of Rs 11,541 crore. A sum of Rs 223 crore is allocated for retail bondholders having up to Rs 5 lakhs of bonds, while a sum of Rs 896 crore is set aside for non-ICA lenders. 

This is the second Anil Ambani company acquired by Authum Investment after acquiring Reliance Commercial Finance. 

The parent company, Reliance Capital, is undergoing insolvency proceedings with the Hinduja Group and Torrent Investment outbidding each other to buy the core investment company.

Hinduja gave an improved offer of Rs 9,400 crore a day after the auction ended as against Rs 8,640 crore offered by Torrent Investment at the auction held on Wednesday.

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Nashik witnessing booming growth in the real estate sector

By
Team iPropUnited
-

Nashik has recorded 1.42 lakh property transactions in the current financial year as against 1.15 lakh transactions recorded in the last financial year

The Nashik chapter of the National Real Estate Development Council organized an inauguration of a 4-day property expo, in which Nashik divisional commissioner Mr. Radhakrishna Game said that the real estate sector of Nasik is blooming, property transactions have increased by 23% in the current fiscal year so far implying that Nashik’s real estate sector is seeing growth.

Mr. Game while addressing the gathering at Dongre Hostel grounds along the Gangapur Road said that Nashik has recorded 1.42 lakh property transactions so far in the current financial year. 

The simplified unified development control and promotion regulations introduced by the government two years ago are also helping grow the sector. The parking issue is being resolved with simplified development control rules. There are over 500 residential and commercial projects under construction in Nashik. The state is also planning to have unique numbers for every land parcel and conduct online land measurements, said Mr. Game. 

Chandrakant Pulkundwar, NMC commissioner said that efforts are being made to ease the process of building plan approval. 

Mr. Kailas Davange, district stamp collector said that revenue through stamp duty in the district has improved and the district has earned a revenue of Rs 1,100 so far in the current financial year. 

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Top 10 Commercial Projects in Noida for 2023 Investment

    By
    Team iPropUnited
    -

    Noida is attracting many investors and developers because of the emergence of affordable real estate properties with super infrastructure, it has become an ideal place for investment in commercial properties. 

    Investing in commercial properties in Noida now would fetch excellent returns in the upcoming years when these commercial properties have reached completion. In many popular real estate locations, the authorities have enabled the online registration process for properties to make everything more easy and quick. People who wish to invest in real estate in Noida can easily upload the required documents and get their registered property in less time.

     

    The authorities of Noida are implementing regulatory laws and new policies to make commercial space in Noida simple and process. 

    Here are some of the excellent projects by renowned developers- 

    Project Name 

    Developer Names

    RERA Reg. no. 

    Price Range 

    SBTL iThums 73

    SBTL Group 

    UPRERAPRJ543889

    Rs 7,800 – 18,000/sq.ft.

    Fairfox EON

    Fairfox EON

    UPRERAPRJ211016

    Rs 6,800 – 15,900/sq.ft.

    Saya Piazza by 

    SAYA Homes Private Limited

    UPRERAPRJ364061

    Rs 23,960 – 25,890/sq.ft. 

    Bhutani City Center 150

    Bhutani Infratech

    UPRERAPRJ270081

    Rs 30,600 – 40,500/sq.ft.

    Maasters Capitol

    Maasters Infra.

    UPRERAPRJ665479

    Rs 6,500 – 18,950/sq.ft.

    Gulshan One29

    Gulshan Homz

    UPRERAPRJ504752

    Rs 9,530 – 21,710/sq.ft.

    ATS Kinghood

    ATS Greens

    UPRERAPRJ2575

    Rs 14,320 – 18,650/sq.ft.

    World Trade Center CBD

    WTC Noida Pvt. Ltd. 

    UPRERAPRJ17623

    Rs 8,000 – 18,500/sq.ft.

    Festival City

    Bhasin Group & Mist Avenue

    UPRERAPRJ17623

    Rs 8,000 – 18,500/sq.ft.

    SBTL iThums 73 by SBTL Group 

    RERA Registration: UPRERAPRJ543889

    Possession by April 2027 

    This under-construction project is located in Sector 73, Noida, and has multiple investments in varied budget ranges. This commercial property has A-grade commercial properties and offers up to 12% assured returns. The project has 1 tower with 23 floors and 700 units on offer. It has an excellent infrastructure as compared to other commercial zones in Noida with improving connectivity. 

    This project is Gold rated green building and has the International Style Food & Beverages Destination on its ground floor and provides multilevel automated car parking with an electric vehicle charging facility. It is positioned opposite the upcoming Metro Station

    The project possesses all the major facilities to cater to all kinds of working professionals. Additionally, there are other conveniences available here such as a Food court, ATM, Cafeteria, CCTV camera security, 24/7 Power backup, and many more. 

    The average price of commercial property in SBTL iThums 73 is Rs 7,800 – 18,000/sq.ft.

    Configuration

    Size

    Price

    Ready to move office space

    450 sq.ft.

    Rs 35 L         onwards

    Bare shell office space

    600 sq.ft

    Rs 1.07 Cr    onwards

    Shops space

    638 sq.ft.

    Rs 1.14 Cr    onwards

    Fairfox EON by Fairfox EON

    RERA Registration: UPRERAPRJ211016

    Possession by December 2025

    This commercial project is located in Sector 140, Noida well connected to Noida Greater Noida Expressway, and the locality has a huge residential catchment. This could be the best option for those who seek an exciting return on investment.  

    This under construction commercial project has its expanse over an area of 3.41 acres of land, includes 4 towers with 15 floors in each and has 1157 units on offer. 

    The project has good connectivity with other residential areas in Noida. Felix hospital, Paras Tierra Apartment, Sector 137 Metro Station, Nagar Public School, and Kotak Mahindra bank all are in range of 2 Km.

    The average price of the property in Fairfox EON is Rs 6,800 – 15,900/sq.ft.

    Configuration

    Size

    Price

    Ready to move office space

    540 sq.ft.

    Rs 36.56 L    onwards

    Bare shell office space

    250 sq.ft.

    Rs 9.25 L      onwards

    Shop spaces 

    264 sq.ft.

    Rs 42 L         onwards

    Co-working office spaces

    548 sq.ft.

    Rs 23.02 L    onwards

    Saya Piazza by SAYA Homes Private Limited

    RERA Registration: UPRERAPRJ364061

    Possession by December 2024

    This under construction project is located in Sector 131, Noida. The project is expected to be the most popular commercial product in the market these days. The project is strategically positioned to cater to around 45000+ apartments, corporates, and institutions in the vicinity nearby and is the only shopping arcade in Jaypee Wish Town.

    It is spread across 1.72 acres and has 5 floor construction offering you the best modern living with amenities like earthquake resistance, 3 tier security System, Large Open Space, Multipurpose Hall, Horticulture, Event Space & Amphitheater, Park, and Cafeteria/Food Court.

    The project is located opposite the Golf Course near the upcoming Metro Station Route and is accessible from a 120m wide road. The view of the food court will be a great attraction to everyone. It will be Golf Facing restaurants offering quality cuisines. 

    The average property price in SAYA Piazza is Rs 23,960 – 25,890/sq.ft. 

    Configuration

    Size

    Price

    Shop space

    207 sq.ft.

    Rs 49.6 L      onwards

    Shop space

    239 sq.ft.

    Rs 91.9 L      onwards

    Shop spaces 

    560 sq.ft.

    Rs 1.45 Cr    onwards

    Bhutani City Center 150 by Bhutani Infratech

    RERA Registration: UPRERAPRJ270081

    Possession by December 2023 

    It is one of the largest luxury commercial projects in Sector 150, Noida, spread over 3 acres of land and has 2 side open entry. The project has 4 towers with 4 floors and has 272 units on offer.

    It has a low maintenance cost plan which makes it more desirable, planned for 24×7 operations, Ample surface parking with a massive frontage of 500 feet leading to high visibility, and houses leading brands 7 IPC engaged for retail leasing. 

    The project is just 5 min away from Pari chowk and 1 Km far from Noida-Greater Noida expressway. It is also close to the upcoming Jewar Airport and Film City in Greater Noida.  

    Average price of the property in City Center 150 is Rs 30,600 – 40,500/sq.ft.

    Configuration

    Size

    Price

    Shop space

    200 sq.ft.

    Rs 81 L      onwards

    Shop space

    300 sq.ft.

    Rs 92 L      onwards

    Shop spaces 

    724 sq.ft.

    Rs 2.2 Cr   onwards

    Maasters Capitol Avenue by Maasters Infra.

    RERA Registration: UPRERAPRJ665479

    Possession by July 2026

    The project is located in Sector 62, Noida, and has an expanse of over 5 acres of land with 75% area. It has 2 towers with 21 floors and offers 1060 units. 

    The project will comprise commercial shops and office space, a two-L-type tower with three grand entrances. Ground Floor and First Floor are especially for Retail Shops with High Street shops, and 15 Floors are for Office Spaces. 

    The project will be featured with some excellent amenities such as a clubhouse, coffee, Lounge, restaurants, intercom facility, Gymnasium, Retail Boulevard, event space amphitheater, visitor parking, etc. 

    The project is strategically positioned and also close to the primary employment hubs such as Sector 62 with multiple-tenanted business parks like Siemens, Samsung, and TCS are among the prominent corporates. 

    The average price of the property in the project is Rs 6,500 – 18,950/sq.ft. 

    Configuration

    Size

    Price

    Office space

    580 sq.ft.

    Rs 35.5. L    onwards

    Office spaces 

    1100 sq.ft. 

    Rs 75. 2 L    onwards

    Shop spaces 

    710 sq.ft.

    Rs 1.34 Cr   onwards

    Shop spaces 

    1145 sq.ft. 

    Rs 2.17 Cr   onwards

    Orion One 32 by Wellgrow Infotech

    RERA Registration: UPRERAPRJ690554

    Possession by December 2026

    This project provides multiple options in varied budget ranges promising an exciting return on investment. It is located in Sector 132, Noida. The project has 3 towers with 19 floors offering 703 units and has its expanse on over 10 acres of land with 70% open area.

    Orion One 32 has commercial shops for sale, offering maximum visibility and high footfall. It has also A Grade commercial space ensuring high rental returns on investment from corporate clients. 

    Project is strategically located with easy access from the main road. Jaypee Kensinsgton Park, Express Trade Tower, Jaypee Hospital, and Noida Expressway are all 10 min far from the project.

    The average price of the property in Orion One 32 is Rs 8,000 – 24,250/sq.ft.

    Configuration

    Size

    Price

    Offices space

    460 sq.ft.

    Rs 36.8 L    onwards

    Shop spaces 

    310 sq.ft. 

    Rs 75.2 L    onwards

    Food court 

    230 sq.ft.

    Rs 42.5 L    onwards

    Gulshan One29 by Gulshan Homz

    RERA Registration: UPRERAPRJ504752

    Possession by June 2024

    This commercial project is located in Sector 129, Noida. The project comprises 1 Tower with 15 floors and has a total expanse of 1.85  acres. 

    It has 237 units on offer, including office and shop spaces. Locality allows easy access to the rest of the popular nearby areas. 

    This project offers all kinds of facilities such as a Food Court, CCTV Camera security, 24/7 Power Backup, etc. the project will house Cinema, Food Court, Restaurant, Retail Spaces, and Dedicated 7 (levels Offices). This. it is close to the Upcoming International Airport and the proposed Film City. 

    The average price of the property in the projects is Rs 9,530 – 21,710/sq.ft.

    Configuration

    Size

    Price

    Offices space

    995 sq.ft.

    Rs 94.8 L    onwards

    Shop spaces 

    380 sq.ft. 

    Rs 82.5 L    onwards

    ATS Kinghood Drive by ATS Greens

    RERA Registration: UPRERAPRJ2575

    Possession by April 2023

    The commercial high-street project is located in Sector 152, Noida. The project has vast dimensions spread over an area of 4.9 acres It comprises 285 units on offer.  

    The project has a cafeteria, multi-level restaurants, food courts, convenience stores, power backup, a lift, and 24/7 security with maximum visibility and high footfalls. The project is just 5 follow-up drives to the Yamuna Expressway and just is just 20 min away from Noida City Center. 

    It is positioned near the upcoming ATS Sports Resort which boasts an International-level sports ground. Besides this, there are also numerous entertainment zones close to the project. 

    The average price of the property in the project is Rs 14,320 – 18,650/sq.ft.

    Configuration

    Size

    Price

    Showrooms

    1,200 sq.ft.

    Rs 2.24 Cr    onwards

    Shop spaces 

    595 sq.ft. 

    Rs 85.21 L    onwards

    World Trade Center CBD by WTC Noida Pvt. Ltd. 

    RERA Registration: UPRERAPRJ17623

    Possession by February 2024

    The project is spread on over 7.5 acres of land located in Sector 132, Noida, offering Grade A commercial spaces in budget for investment options. The project has vast dimensions comprising 3 towers. 

    It provides numerous facilities such as ATMs, cafeterias, CCT Camera Security, 24/7 Power Backup, etc. It is strategically positioned on the expressway in already inhabited areas and surrounded by JP Wishhtown, International Educational Institutes, and many running office buildings along with transit points such as Noida Sector – 83 Metro Station, Noida Sector – 137 Metro Station, and NSEZ Metro Station within the radius of 2 – 3 km from the locality. Nearby employment hubs ensure a large footfall for the project. 

    The average price of the property in the project is Rs 8,000 – 18,500/sq.ft.

    Configuration

    Size

    Price

    Shop space 

    225 sq.ft. 

    Rs 35 L    onwards

    Shop space 

    570 sq.ft.

    Rs 45 L    onwards

    Shop space

    600 sq.ft

    RS 52 L    onwards

    Festival City by Bhasin Group & Mist Avenue 

    RERA Registration: UPRERAPRJ17623

    Possession by July 2024

    This commercial project is located in Sector 143 B, Noida offering shop and office spaces at affordable price. 

    The project features 3 different courtyards, Assured return of 12 percent, Grand Green Entrance for Grandest Market, Spa, Sky Club, 6 Screen multiplex, and has parking space for up to 7000 cars. 

    The site is well connected by different modes of transportation and is in close proximity to various utilities, as it is in the range of 1 Km from Noida Expressway, Noida Sector 143 Station.

    The average price of the property in the project is Rs 8,000 – 18,500/sq.ft.

    Configuration

    Size

    Price

    Shop spaces 

    661 sq.ft. 

    Rs 22.15 L    onwards

    Noida provides a solid return on investment, with excellent location advantages and high footfall. The city is in proximity to Delhi, the capital of the country is one of the most advantageous. Both Noida and Greater Noida are regarded as some of the most advanced cities in terms of quality infrastructure. 

    Disclaimer: Access to the content on this internet page is provided by iPropUnited as a courtesy to the public service for educational reasons. We are neither accountable nor liable for any disputes, damages, or disagreements resulting from any transaction, nor do we guarantee, control, or otherwise participate in any way with any of the Users. The accuracy of any information on this website cannot be guaranteed, however, it is all believed to be credible.

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    The draw of allotment of flats will be based on a random number generation system

    By
    Team iPropUnited
    -

    On Tuesday, officials said that Delhi Development Authority will conduct a draw of lots for the allotment of flats for waitlisted applications under the Special Housing Scheme 2021 on December 15, 3 P.M. onwards.

    The DDA said in a statement that the draw will be conducted on the basis of a random number generation system and will be held in the presence of independent observers including a retired judge and senior officers of the central government.

    The meeting no. of Web-ex Id is 2510 910 7937 and the password is 12345. The general public can view the live telecast of the draw on December 15 from 3 pm onwards through the Webex platform.

    The scheme was launched on December 23, 2021, and closed on March 10, 2022.

    About 18,335 flats of various categories in Dwarka, Narela, Rohini, and Jasola, among other places, were offered under the scheme. These flats are the remaining unsold in previous housing schemes of the urban body.

    The scheme was announced via a newspaper advertisement by the Development Authority, which said the flats were being sold at “discounted prices”.

    The DDA conducted a draw of lots for the scheme for applicants on April  18 which was live-streamed.

    Previously the DDA said that it had initially placed 18,335 flats located in 28 localities under the scheme. Against only 12,387 applicants have deposited the requisite registration fee, although around 22,100 got themselves registered.

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    Top ongoing residential projects in Greater Noida

    By
    Team iPropUnited
    -

    Greater Noida West is one of the best locations in terms of connectivity to Noida, Yamuna Expressway, Ghaziabad, Delhi & Dadri. One can easily commute to important nearby areas as it gives you location advantage.

    Here are some under construction residential projects you may want to consider before you make your final purchase

    Ace Divino by Ace Infracity Developers

    Rera registered no: UPRERAPRJ6734

    Possession is scheduled by October 2023

    This under-construction housing society is located in Sector 1, Greater Noida West. The project is spread over 10 acres, has 11 towers with 23 floors, and around 1572 flats on offer. Every aspect of the ACE Divino is designed to provide its residents to experience life’s simpler pleasures.

    The project comes with great top-class amenities to offer such as a food court, a Natural pond, TT and billiards table & different lobbies for different activities, restricted one-point entry to the tower for excellent security, swimming pool, a multipurpose hall, senior citizen hall, Additionally it offers exclusive garden floors and a penthouse.

    It is positioned at one of the finest locations allowing good connectivity to the Noida-Greater Noida Link Road. The project has been strategically planned with international standards inside out to give its residents a pollution-free and luxurious environment to live a wholesome life with family.

    The average property price of the project is Rs 6,800 to 10,000/sq.ft.

    Configuration

    Size

    Price

    2 BHK Flat

    955 – 1245 sq.ft.

    Rs 65  – 92 L       onwards

    3 BHK Flat

    1425 – 2315 sq.ft.

      Rs 98  – 1.7 Cr    onwards

    4 BHK Flat

    1875 – 2790 sq.ft.

    Rs 1.6 – 2.5 Cr     onwards

     

    Express Astra by Express builders Delhi

    Rera registered no: UPRERAPRJ479698

    Possession is scheduled by March 2026

    The project is brought to you by one of the known real estate brands in Greater Noida. This project is located in Sector 1, Greater Noida West spread over 2.94 acres, and includes 2 phases with 10 towers. Alpha 1 metro station, Pari chowk metro station, and Delta 1 metro station are some popular transit points closest to Express Astra, out of these Alpha metro station is the nearest one. The location has a decent infrastructure offering 8 educational institutes in the vicinity and around 10 medical care centers in proximity.

    The project offers top-notch quality amenities such as a state-of-the-art gymnasium, steam/sauna, dance & Zumba room, mini movie screening hall, cricket net practice lawn tennis, indoor & outdoor badminton courts, e-gaming, yoga room, swimming pool and many more.

    Additionally, the location provides great advantages, as the project is situated on a 150m wide road connecting Delhi Meerut Expressway to Greater Noida. Also, FNG corridor, Yatharth Hospital, Lotus Valley International School, and shopping malls are within a distance of 5 minutes.

    The average property price of the project is Rs 9,100 – 10,500/sq.ft.

    Configuration

    Size

    Price

    2 BHK

    1150 sq.ft.

    Rs 72 L           onwards

    3 BHK

    1570 sq.ft.

    Rs 86 L           onwards

    4 BHK

    2325 sq.ft.

    Rs 1.46 Cr      onwards

    Nirala Estate Phase 2 by Nirala World

    Rera registered no: UPRERAPRJ519100

    Possession is scheduled by May 2025

    The project is located in Techzone 4 Greater Noida West, spread over an area of 12 acres. This housing society has 5 towers with 24 floors and 544 units on offer. Nirala Estate provides 80% open spaces promising freshness and a pleasant ambiance.

    The project has Vastu-compliant flats and provides all the basic amenities such as a mini theater, jacuzzi, clubhouse, landscaping, tree planting, sewage treatment plant, yoga/meditation area, sports area, gymnasium, and swimming pool.

    Noida Sector 16 metro station and the Noida sector 18 metro station are nearby. While Noida sector 16 is the nearest to the location. The location has 2 educational institutes and around 19 medical care centers. The project has good connectivity to the Taj Expressway and is positioned near the FNG E-way.

    The average property price of the project is Rs 6,200 – 7,000/sq.ft.

    Configuration

    Size

    Price

    2 BHK

    995 sq.ft.

    Rs 67.66 L           onwards

    3 BHK

    1535 sq.ft.

    Rs 95.17 L           onwards

    Arihant Abode by Arihant Buildcon Builders

    Rera registered no: UPRERAPRJ15792

    Possession is scheduled by November 2024

    This under-construction housing society is located in Sector 10, Greater Noida West. The project has 11 towers with 22 floors offering 943 units and spread over an area of 5 acres. Each unit is well-ventilated and has natural light. This project has Korean Construction Technology and is a zero garbage society by recycling the garbage.

    The location has a great infrastructure with many reputed schools, educational institutes, and hospitals. Restaurants, malls, banks, and other utility shops are also located in the vicinity making it a comfortable area to own a residence.

    The mega complex includes abundant amenities such as a clubhouse, yoga meditation area, well-maintained central green, fountain plaza, herbal garden, different sports areas for different sports, swimming pool, gymnasium, and jogging track.

    The average property price of the project is Rs 4,300 – 4,650/sq.ft.

     

    Configuration

    Size

    Price

    2 BHK

    920 sq.ft.

    Rs 42.78 L           onwards

    3 BHK

    1160 sq.ft.

    Rs 49.06 L           onwards

    Apex Alphabet by Apex Group

    Rera registered no: UPRERAPRJ7818

    Possession is scheduled by December 2024

    This housing society is located in Sector 1, Greater Noida. The project has 5 towers with 26 floors on each and spread over an area of 5 acres with 80% open space. The project has 600 units on offer

    The venture is uniquely designed and built with innovative structures. The project offers some great amenities including a temperature-controlled indoor pool, ultra-modern clubhouse, well-equipped fitness center, jogging track, outdoor play area, multipurpose playfields, amphitheater, landscaped garden, cycling track, and many more to guarantee a good social life and incredibly satisfying peaceful living.

    Also, it allows easy access to road and railway connectivity. Educational Institutes, some major hospitals, shopping malls, and entertainment zones are close to the vicinity. Some prominent employment hubs such as DENSO, NSPL, Moser Baer India Ltd, and Hindustan Times are in the neighborhood of the location.

    The average property price in Apex Alphabet is Rs 5,500 – 6,000/sq.ft.

    Configuration

    Size

    Price

    3 BHK

    1987 sq.ft.

    Rs 1.61 Cr      onwards

    4 BHK

    3070 sq.ft.

    Rs 2.56 Cr     onwards

    Godrej Golf Link Park Lane by Godrej Properties

    Rera registered no: UPRERAPRJ16697

    Possession is scheduled by January 2023

    This under-construction project is located at Sector 27, Greater Noida, and has a total area of 3.85 acres. The project includes 4 towers with 7 floors and offers 114 units with 3 open-sided properties.

    Considering the needs of modern lifestyles the project provides various amenities such as Spa/Sauna/Steam, Children’s play area, Gymnasium, Basketball court, and Golf course.

    The vicinity has ATMs, medical facilities, education institutes, and parks within easy reach, and also allows easy connectivity to bus and road networks.

    The average property price of the project is Rs 8,440 – 11,033/sq.ft.

    Configuration

    Size

    Price

    2 BHK

    1462 sq.ft.

    Rs 95.03 L     onwards

    3 BHK

    1765 sq.ft.

    Rs 1.15 Cr     onwards

    4 BHK

    2276 sq.ft.

    Rs 1.48 Cr     onwards                 

    Emenox La Solara by Emenox Group Builders

    Rera registered no: UPRERAPRJ4460

    Possession is scheduled by December 2022

    This housing society is located in Sector 16, Greater Noida. The project includes 2 phases and has 4 towers with 21 floors on each and there are around 670 flats on offer. The total area of the project is 1.85 acres.

    Emenox La Solara has various stunning amenities to offer its residents such as a Reflexology park, Cricket Pitch, Amphitheater, Basketball Court, Pool table, Pergola, and Swimming Pool.

    The project is positioned in a developing locality near the industrial hub and planned metro route. Achheja railway station, French Apartment bus stop, and Noida Sector 51 Metro station are some of the popular transit point closest to this housing society.

    The average property price of the project is Rs 5,000 – 5,500/sq.ft.

    Configuration

    Size

    Price

    2 BHK

    1145 sq.ft.

    Rs 57.25 L     onwards

    3 BHK

    1960 sq.ft.

    Rs 98.02 L     onwards

     

    Eros Sampoornam 2

    Rera registered no: UPRERAPRJ301564

    Possession is scheduled by September 2025

    This project offers apartments with the perfect combination of contemporary architecture and features to provide a comfortable living experience to its residents. It is located in Sector 2, Greater Noida spread over an area of 3.34 acres and has 6 towers including 15 floors each offering 378 units. 

    The project offers luxurious Vastu-compliant apartments and provides truly desirable amenities such as an amphitheater, yoga/meditation area, landscaping & tree planting, basketball court, lawn tennis court, cycling & jogging track, and a skating rink.

    The vicinity has popular educational institutes, a multispeciality hospital, and Intellicity business park within a distance of 10 min.

    The average property price of the project is Rs 10,500 – 11,000/sq.ft.

    Configuration

    Size

    Price

    2 BHK

    667 sq.ft.

    Rs 70.62 L      onwards

    3 BHK

    1575 sq.ft.

    Rs 1.28 Cr      onwards

    Tata Eureka Park by TATA Value Homes

    Rera registered no: UPRERAPRJ5448

    Possession is scheduled by September 2023

     This residential project is located in Sector 150, Greater Noida. It has a total project area of 20 acres with 70% open space. It has 17 towers with 28 floors on each and there are 1846 units on offer.

    The housing society offers exceptional amenities like a Gazebo, Multipurpose hall, Mini theater, ATM, community hall, Sports area, rainwater harvesting, Party lawn, Library, children’s play area, and 3-tier security system.

    The locality has many popular education institutes, multispeciality hospitals, shopping malls, and banks in a range of 3 Km.

    The average property price of the project is Rs 8,000 – 8,500/sq.ft.

    Configuration

    Size

    Price

    2 BHK

    1100 sq.ft.

    Rs 93.16 L   onwards

    3 BHK

    1285 sq.ft.

    Rs 1.05 Cr   onwards

    Misgun Vilaasa by Misgun Group

    Rera registered no: UPRERAPRJ16612

    Possession is scheduled by June 2023

    This luxurious project is located in Eta II, Greater Noida, and has its expanse over an area of 5.73 acres with 6 towers. It has 26 floors in each tower and offers 1263 flats.

    This housing provides world-class amenities such as a Sprawling garden, and a Clubhouse spreading over an area of 15,000 sq.mt., Badminton court, Table Tennis Court, Parking for visitors, Banquet Hall, Gymnasium, Aerobics Room, Rain Water Harvesting, Waste Disposal, Swimming Pool and many more.

    The location has great advantages, as the project is near the upcoming metro station KP4 and the Jewar Airport, 500 Meters from the Greater Noida, Yamuna Expressway and UPSIDC Authorities, 20 min away from the Pari Chowk Metro Station, and 15 min from Buddha International Circuit. Additionally, the project has nearby employment hubs such as Wipro Special Economic Zone is around 3.5 Km from Eta I, and many industrial units operating from Surajpur Industrial Area and Ecotech II & III zones are 5-10 Km away.

    The average property price of the project is Rs 3,570 – 4,800/sq.ft.

    Configuration

    Size

    Price

    2 BHK

    689 sq.ft.

    Rs 33L   onwards

    3 BHK

    1080 sq.ft.

    Rs 52 L   onwards

    4 BHK

    1540 sq.ft.

    Rs 55 L   onwards

     

    Well-planned infrastructure and upcoming commercial, as well as residential projects, are encouraging Greater Noida in emerging as one of the most preferred localities for home buyers. Consumers seek deals that offer the lowest prices. It is becoming one of the most desirable places to live because of the constant development and the primary infrastructure.

    Disclaimer: Access to the content on this internet page is provided by iPropUnited as a courtesy to the public service for educational reasons. We are neither accountable nor liable for any disputes, damages, or disagreements resulting from any transaction, nor do we guarantee, control, or otherwise participate in any way with any of the Users. The accuracy of any information on this website cannot be guaranteed, however, it is all believed to be credible.

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    An insight into the issues being faced by the brokers in the real estate industry

    By
    Team iPropUnited
    -

    The real estate sector is growing at an exponential rate with the advent of latest technologies and market trends helping to cater to the needs of evolving customers. However, at the same time the real estate brokers do face some challenges which sometimes lead to their business failure if not addressed. Real estate brokers must be able to resolve such challenges to help their business grow whether it’s environmental change, political climate shift, evolving technology trends or volatile market.

    Let’s look into detail what are the challenges that real estate brokers are facing in today’s scenario.

    • Low Guarantee on Payout: Due to an unorganized industry process and overlapping competition, brokers do not get commission guarantees many times which escalate issues between brokers and reduces trust in developers. The brokers get a commission once they sell the property as their job has no fixed salary. Because of an unorganized industry, the commission to be paid to the brokers is either delayed or sometimes paid in small fractions.
    • Low Bandwidth: It is observed that brokers mainly have information about a few specific properties in their nearby area of operation which makes property selling limited and reduces the sales success rate. They struggle to find relevant properties at a reasonable price to showcase to their customers.  

    Not having enough listings to offer to the clients results in loss of their interest to buy as the client wants variety to choose from.

    • No Extensive Training:  

     With no access to real estate training, brokers find it challenging to gather leads. They need strategies to give presentations and convince the buyer or seller. 

    The process of selling has many stages from listing a property to organizing site visits to closing the deal. As a streamlined process leads to the success of the deal with expected brokerage cost. Many real estate agents fail in the business because they don’t know how to generate leads.

    There are mainly unqualified or untrained brokers in the sector who do not necessarily have a complete understanding of the real estate transaction. Which makes the home buyers dissatisfied with their experience with brokers

    • Difficult Paperwork Management: Managing paperwork for every property and client can be a hassle and consumes most of the time. 

    The documentation problem also impacts the demand side for real estate. Poor paperwork management causes difficulties for agents to show properties to their approached clients. So, having management software or a system will contribute to the ease of paperwork management. 

    The management software will ease the key trends as follows- 

    The rise in workflow collaboration 

    Increasing need for security 

    Shift towards a paperless society 

    Greater focus on the investor experience 

    More regulations around document security and governance 

    • Wrong/Misleading Property Information: Most property projects are filled with misleading data on property size and right prices which adds hassle to getting the correct information. If wrong information gets delivered to the clients, it makes them lose their trust in the deal and in the broker as well. 
    • No Alternative or Revenue Transfers: Payment transactions are usually done in a disorderly manner with no verification and also the payments made to the brokers are delayed too long or paid in fractions, which makes the task of revenue collection difficult and unable to solve. 
    • Not Knowing the Status of Sales:

     Not having information about where a deal stands in the process is something that can affect brokers’ focus. 

    Being a middle player has some disadvantages too, due to the unorganized management in the industry, and lack of transparency among the seller, buyer, and broker which mislead the deal as it is hard to know at what stage the deal is heading, whether the buyer has purchased the property or is required any other documentation formalities. This could bother the broker and even delay their commission payment.   

    • Mediocre Sales Process: Real estate consists of many stages, and not establishing a solid sales process reduces confidence in buyers and sellers. 

    The listings of the property necessitate consideration of the requirements of the seller, staging the property, and promotion of the property, which should be done in a streamlined manner to further ease the process of pricing the property, negotiations, and closing the deal. But because of the lack of training, they don’t know proper dealing techniques and sales processes and face challenges.  

    • Keeping Up with Technology: Not keeping up with technology and trends affects a broker’s business growth and gives competitors an edge in real estate.

    Brokers are independent agents who practice and follow their own fundamentals

    Agents that are not tech-savvy are left behind in the competition of the real estate market. Agents must adapt to the changing trends and technology to avoid any failure. The increasing popularity of listing portals and the proliferation of homebuyer apps have tightened the broker’s role, but not eliminated it.  

    Brokers have to be as savvy at using technology as they do at prospecting. Brokerages and teams, in particular, must keep pace with new trends and technology regularly.

    Final thoughts  

    Though there are many issues faced by real estate brokers, the key to overcome is to stick to the rules and prepare a streamlined workflow. Consumers dealing with unskilled brokers think the only thing they’re good for is opening doors, and anyone can do that. Brokers need to be sure to qualify them first and avoid hiring anyone instantly.

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    YEIDA master plan has no zoning regulations

    By
    Team iPropUnited
    -

    The Yamuna Expressway Authority has decided to plan the development of new sectors in a phase-wise manner in its master plan for 2041, away with zoning regulations. The decision was taken by YEIDA officials at a meeting on Thursday.

    Accordingly, the consultant was directed to make changes in the draft master plan and present it before the Authority within a week.

    Given the massive extent of industrial development in the region for the upcoming Noida International Airport in Jewar and mega projects like Film City, Medical Device Park, and Data Park. Officials said that the Authority plans to keep its sectors for development as and when required.

    An official told TOI that providing land to the companies may get affected if the development of sectors is rooted in a phase-wise manner. 

    Also, major land uses such as commercial, industrial, offices, residential, public and semi-public facilities, parks and open spaces, and agriculture are shown in the master plan. However, permitted ancillary activities under major land uses are allowed on zoning regulations, which are not possible to be shown separately on the map. 

    Considering the zoning regulations, the competent authority makes provisions for various ancillary or incidental activities in the new plans. Officials said it was mainly done by the urban development authorities after taking charge. However, YEIDA being an industrial region, this is not made part of the master plan.

    The master plan 2041 encompasses areas of Gautam Budh Nagar and Bulandshahr. A total population of 35.51 lakh and a total developable area of 32,167 hectares have been proposed, according to the master plan. 

    Authority’s board approved it in August this year, thereafter public objections and suggestions were sought. Officials said that all objections have been resolved. Now, the Authority held a review meeting on Thursday before sending the master plan to the government for approval. 

    The master plan is intended to create an “appropriate urban form for the Greenfield city and provide adequate space for airport city-side development”.

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    Illegal sales of properties moving faster in Hyderabad

    By
    Team iPropUnited
    -

    Industry insiders confess that the absence of a strong RERA led to the emerging unauthorized realty projects throughout Hyderabad.

    Also, it has given rise to a large, unhealthy crop of irresponsible operators who are seen launching low-cost projects without any approvals, including RERA. In some cases, construction companies are also selling these residential properties, in violation of rules.

    A scan of the official RERA website unveils that many projects, marketed publicly on realty portals, have no official documentation including both apartment and villa projects coming up in areas like Kollur, Kukatpally, Narsingi and Ameenpur among others.

    “Though they might not be A-listers and none of these projects are very small either. In a case, the builder has sold about 300 units without RERA approval,” said a real estate consultant claiming how barring some players disobey these regulations.

    While the textbook says that any seller of the property must be certified by the RERA, it is ignored in Telangana, and the lack of RERA certification of agents is another cause for concern, add industry sources.

    “This is unrestrained among little-known companies. They have dozens of people performing as marketing executives, but none have a RERA number. Worse is that they don’t even know that they must get one,” said another senior realtor.

    The trend has also made worried even to big-ticket developers. “If this trend continues, we will soon see many more developers coming under the inspection of law enforcement agencies,” said the director of a firm.

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    Some major Myths regarding Home Loans

    By
    Team iPropUnited
    -

    A home loan is borrowed from a lender to purchase a property either residential or a piece of land and is kept as a guarantee of repayment till the loan gets cleared. The lender generally covers up to 90% of the cost of a property. At the same time, the buyer of the property is required to pay the remainder as a down payment.

    Everyone wishes to have a ‘Dream Home’, which requires determination to become reality. But with the help of a home loan, it is much easier than before.

    One can also enjoy various tax benefits with a home loan and leverage it to purchase a residential property.

    Home loans have many myths like other various financial tools. And many people are disguised by these myths and suffer consequences. So, let’s dive into some of the most prevalent myths about Home Loans in this article.

    Below are some home loan myths, let’s have a look at them one by one-

    House Loans Come with a High-Interest Rate:

    The interest rates on home loans are a function of credit tenure. The longer the time taken for repayments, the higher the interest rate, One can take a home loan from Tata Capital of up to Rs 5 Crore with an interest rate starting at just 7.75%.

    Borrowers Always Penalised for Prepayment of Loans:

    It varies from financier to financier. For example, in the case of Tata Capital, no repayment charges are levied in case of floating interest rates, however, in case the customer opts for fixed interest, then charges may apply for repaying the loan before the end of the tenure.

    RBI determines Interest Rates on Home Loans:

    Although the key rates are determined by the central bank, lenders decide the final interest rate based on several factors. And due to this, different lenders charge different Home Loan interest rates and give various options to buyers.

    Short Tenure Home Loans are Better:

    There is a misunderstanding, that most people have that the earlier they get free from the repayment schedule of their Home Loan, the better it will be, as they will have to pay lesser interest amounts.

    But people fail to realize that they will also have to give higher (EMIs) with shorter tenure. High EMIs may become hard to pay in an instant of time, and payment failure may result in punitive measures from the lender. Thus, an individual is required to determine the tenure of the Home Loan by considering their assets, earnings, job stability, and future goals.

    The Issuance of Home Loans is Only Based on Credit Score:

    While a good credit score does help verify the creditworthiness of a person, it is not the only factor that determines whether an individual’s loan would be approved or not.

    Job stability, the status of employment, financial liabilities, age, etc are other factors than good credit score that affect one’s eligibility for a home loan.

    Opting For A Home Loan For The Tax Deductions

    One can avail of tax deductions when going for a home loan, but this idea may sometimes force a person to invest in properties even if he does not require the property at that point of time. For instance, let’s say you and your spouse come under the highest tax bracket, availing of tax deduction makes complete sense. But opting for a house loan just because to want to pay less tax, makes no sense. There are other options that can be opted for if you want lesser tax deductions.

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