5 Myths That You Would Hear About Residential Flats In Gurugram

Gurugram, the transitional name for Gurgaon, is one of the best living areas of the capital city. With more and more affordable homes coming up on the rise, it has become the ideal destination for people to buy homes at the best and affordable prices. However, there exist a large number of myths that make people have second thoughts to buy their residential flats here. But, before going for the myths, let’s have a look at what affordable housing really means.

Affordable housing, as the name suggests, refers to those housing units that can be purchased by that particular section of the society whose income lies below the median income of the total population of the country.

Apart from the common ones, here are the biggest myths that you will be getting to hear if you wish to buy your residential flat in Gurgaon:

A. Huge Down Payment Needed

Most of the people tend to believe that it is hard to own a home in Gurgaon due to its prerequisite of relatively high down payments. If you think that you need around 20% of the amount as down payment, at the time of buying, you may be slightly mistaken, for many real estate companies in this region offer fairly great plans that include a comparatively low initial amount for buying a home.

B. High Risk Involved

Which investment can be considered as a safe investment? The safest investment can be said to be the one in the real estate market, like buying a property in Gurgaon or maybe in the Delhi NCR region. When you buy a home, commercial property, or even an apartment as an investment, it is more likely to be liable to face the least amount of financial fluctuations when compared to other investments like gold, trading, shares and many more. In fact, real estate investments have turned out to be increasingly steady if you hold on to the stakes for an extended period of time. With the recent government policies, your property investments are safe, secure and more profitable than ever.

C. Brand Name Is What You Look For

For several years now, this has been one of the biggest myths prevailing among the home buyers in the Delhi NCR area, which we know is not true. In the last decade, the real estate market has seen some really big names in the industry going down the trail of criticism, mainly for poor quality and delivery and few comparatively smaller developers earning the trust for superior quality and successful project completion. In the last year, newly government introduced policies have made it a lot easier for home buyers to trust as well as by residential and commercial property in Gurgaon and in the capital city. Now all the developers will be compelled to deliver their projects on time, as per the promise made to the buyers.

D. Discounts Lower The Actual Buying Costs

Buyers in the Delhi NCR area, often think of getting discounts and offers, for to them, it is a great way to decrease the value of their investments. Being a real estate developer, it is not a good idea to choose a project solely because of some offers or discounts. The home buyers have to eventually bear the discounted prices. The discounted price is anyway added to the purchase by selling some features or amenities.

E. Eco-Friendly Homes Are Expensive

You might actually have to pay some extra money when you get to buy an eco-friendly home in Delhi NCR, which amounts to approximately about 10% of the total cost of your home. It is more like an intelligent investment to make for having a cost-effective house in the long run.

Hence, these were some of the top myths busted about buying residential flats in Gurgaon. Gurgaon is one of the best areas where affordability exists with luxury, where it rises as the hub for seamless connectivity, networking as well as tranquility.

4 Reasons Why Buying A Home In Karnal, Sector 35 Is A Wise Option

Karnal, the land that breathes of mythology, culture and beauty of India. With the affordable housing rising high in the real estate industry, there are tons of affordable residential projects coming up in the city. Before talking of Karnal, it is a mandate to talk about what affordable housing means.

Affordable housing refers to those housing units that can be bought by those sections of the society whose income lies below the median income of the population of India.

Thus, now that you know what affordable housing means, you may also be interested to know why are we focusing on Sector 35 when we are talking about Karnal. Karnal is said to be the land of Karna - the eldest son of Kunti and Sun God, from the greatest Indian epic, The Mahabharata. Even though it brings back the roots of our culture, it is also known to be the birthplace of many of our Indian jewels like Kalpana Chawla, Sakshi Malik and many more.

So, enough of affordable housing and Karnal, it is high time we talk about why to choose Sector 35 above all other ones when buying a home. Even though we have a list that is endless, here are the major four reasons why -

A. Nature Calling!

If you are someone who finds his/her peace in the beauty of nature, then you are just in the right place. With beautiful and lush green trees, gardens that have so many kinds of plants and flowers, this sector has it all. They say green areas clear the air for you, so why not opt for a place that offers fresh air to breathe and stay in?

B. Hassle-free Education

Karnal lies in the heart of Haryana. Even though the state is still in its developing stage, sector 35 is that one area where you would want to live for the advantage of best schools and institutes lie in close proximity here. So, be it education or aspiring for a good career, this area just has it all.

C. Health Is Cared For

They say, “Health is wealth”, which is so true. Without good health, one can neither focus nor succeed. But when talking of this residential area, this has been taken care of, too. There are many world-class medical centers and hospitals that lie in close proximity to this area, offering some of the best medical and hospitality services to look for. Hence, if you are concerned about the unsaid emergencies that take place or might take place in your family, investing in this area for your home can be a boon for you.

D. Entertainment Is Important

After a long day from work, or maybe even after having a long week that is filled with pressure, you may feel tired and plain too. Having some or maybe every sort of entertainment you want is something that you might seek for. With areas like sector 35 in Karnal, the problem is considered solved already! The Karnal Lake lies in close proximity if you wish to go for stillness and peace of mind. If it is your pampering day, then maybe the Kitten Salon & Spa would be a great option to opt for.

Hence, there are several other reasons why going for affordable residential projects in Sector 35, of Karnal is a good idea. But here is the thing, it is you who needs to finally decide the basic parameters for the selection of your home. If you were in two minds about going for Karnal as your residing area, I think the doubts would have been clear by now. Live in beauty, live in happiness, live in Karnal!

5 Best Reasons Why Pradhan Mantri Awas Yojana Is The New Hype

The Pradhan Mantri Awas Yojana is one of the best schemes that are on the hype these days, especially in the real estate industry. With the affordable housing sector that enlightens it, even more, it is high time that you should now make your wise investment of money in the realty sector. Before we jump on to the reasons, let’s just brush up on the introduction to these, first.

Affordable housing, as popularly defined, refers to a particular number of housing units that can be purchased by that section of the society, whose income lies below the median level of the country.

Pradhan Mantri Awas Yojana (PMAY), on the other hand, refers to a scheme introduced by the government of India, introduced under the “Housing for All by 2022”, to provide affordable homes to the Middle Income Groups (MIG), Lower Income Groups (LIG) and the Economically Weaker Sections (EWS) of the society who are homeless in both the rural and urban areas of the country.

So, now that we know what are the topics that we are going to actually talk upon, we must also know why is the investment made here, comparatively a better option for all. Therefore, from the numerous benefits provided, here the top five that need a special mention:

A. Subsidies Provided

The Lower Income Groups, as well as the Economically Weaker Sections of the society, are actually provided a subsidy, that ranges from Rs. 1,00,000 to 2,30,000. This, not just makes it easier for them to buy homes but ensures an action taken towards the problem of homelessness cropping up in our country.

B. Low-Interest Rates

The Pradhan Mantri Awas Yojana brings with it a promise of a considerable decline in the interest rates. If you have availed a loan under this scheme for an amount of up to Rs. 600,000, the actual interest rate to be applied would be 6.5% defying the current market rate of 10.5%. This would end up in reducing the amount for the monthly or yearly installments.

C. Females Preferred

There is a preference given to females, which means that now, even women can have a property or a home in their name without having to enter into major lawful technicalities. In simple words, females would be given a preference over the males, giving a boost to the idea of women empowerment.

D. Choice of Floors

If you are looking for flats that exist on the ground floor, be it for a senior citizen or for someone who is disabled physically to make it to the other higher floors, even that is a benefit as the scheme takes these minor things on for a higher consideration when going for allotment.

E. Environment-Friendly

The housing projects that are being made under this scheme are the ones that have to strictly follow certain regulations mentioned by the government, one of them is following environment-friendly techniques. Hence, these affordable housing projects are built by taking a proper concern towards the environmental factors.

Thus, if you are someone who has been looking for investing money into the real estate industry, the time is right because this scheme under the affordable housing sector not just offers a judicious use of money, but is also working hard towards a cause, that has long gone unnoticed. With more and more affordable housing projects coming under this scheme, it is only easing the initiatives taken by the government of India to actually work towards the problems caused by liberalization, privatization and globalization as a whole. Thus, go for PMAY, choose wisely and stay at ease for the future of your investment.

Signature Global is one of the acing real estate leaders in the affordable housing sector. With luxurious infrastructure and latest technological advancements, it offers people their dream homes with new and perfect craftsmanship. Some of its best projects include:

The Serenas, Sector 36, Gurugram

Andour Heights, Sector 71, Gurugram.

The Millennia, Sector 37D, Gurugram.Orchard Avenue, Sector 93, Gurugram.