If you’re planning to buy a 2 BHK or 3 BHK apartment in Lucknow or anywhere in India on Ganesh Chaturthi, here are some tips worth considering. But before we delve into the details, let’s find out when Ganesh Chaturthi is.

When is Ganesh Chaturthi in 2025?

In 2025, Ganesh Chaturthi will be commemorated on 27th August and it will be concluded on 6th September with Ganesh Visarjan.

Why buying a property on Ganesh Chaturthi is auspicious

Lord Ganesha is called as “Vighnaharta” means remover of obstacles. The day is one of the auspicious days, bringing success, prosperity, and blessings. This Ganesh Chaturthi, all the planets will be aligned astronomically, evoking astrological power.

Six powerful yogas will also align together. These include, Shubh, Ravi, Dhan Aditya, Gajakesari, and Lakshmi-Narayan.

When this planetary alignment occurs, it brings long-term prosperity to property investments. This is what makes the whole Ganesh Chaturthi celebration period propitious for property investors. Since the Chaturthi celebration starts with a powerful cosmic energy, investors can leverage it to embark on a new beginning.

The boost in their spiritual and financial mindset opens up an opportunity to own a home.

What festive offers builders can provide on Ganesh Chaturthi 2025

Developers in Lucknow and all over India roll out several offers to attract investors. Here’s what festive offers investors can expect from sellers.

• Video phone door lock
• Gold or silver coins
• Lower booking amount
• Flexible payment plans
• Free modular kitchen setup
• Assured gifts worth Rs 1 lac
• Fast loan processing
• Lower loan processing fees
• Car or bike, and more

Do property prices go higher after Ganesh Chaturthi?

There is a likelihood of price hikes once the Ganesh Chaturthi celebrations are over. Here’s why property prices go higher.

Surge in demand

The Ganesh Chaturthi festival creates an intense demand for property. The real estate development companies set a 25-40% sales target that they easily achieve during this period. That creates a surge in demand, giving them an opportunity to hike the price for the next batch of potential investors.

Inventory clearance tactic

Real estate developers often work under a festive clearance strategy to boost sales. The festive discounts they offer are aimed at clearing out old inventory and launching a new phase with a strategic price increase. The most preferred properties, such as Jashn Elevate Club Towers Phase 2, that sell well during this period often experience an upward price increase in the following month.

What is the best muhurat to buy a property on Ganesh Chaturthi 2025?

The most auspicious muhurat for buying properties in India during Ganesh Chaturthi 2025 will be on 29th August at 11:38 AM. Those who miss the day due to any reason can buy a property on 30th August in the early morning.

According to astrologers, buying a property on Thursdays or Fridays is considered auspicious.

Auspicious Nakshatras for property investments

Consider buying plots, villas, 2 BHK, or 3 BHK apartments in Lucknow or anywhere in these Nakshatras:

• Revati Nakshatra for stability
• Mrigashirsha Nakshatra for prosperity
• Anuradha Nakshatra for growth
• Punarvasu Nakshatra for good returns
• Vishakha Nakshatra for obstacles removal
• Purva Bhadrapada Nakshatra for security
• Purva Phalguni Nakshatra for happiness

Tips for first-time home buyers investing during Ganesh Chaturthi

Verify legality and RERA-approved project:

Checking a property before buying for its legality is non-negotiable. Ensure the developer is RERA-approved and has all the required licensing documents. Even if a builder confirms being RERA-approved, check it yourself by visiting the RERA website and checking the registration number.

Get all the waivers or special offers documented as many developers just tender false promises.

Make an initial financial planning:

It’s always helpful to compare loans from various lenders. Even if a bank offers a small variation in home loan interest rates, don’t shy away from considering it. A small variation can make a lot of difference in the overall repayment plan. Shop around to leverage bank’s offers during festive celebrations.

But don’t forget to calculate maintenance cost, property taxes, ownership cost, and miscellaneous charges.

Evaluate the property from all aspects:

If possible, take a tour of the property on both weekends and weekdays to assess how easy it is to commute to and from. Additionally, consider exploring power backup, water supply, and other essential amenities for a comfortable living experience. A look into its neighbourhood is also important to avoid any surprises later.

Assess upcoming infrastructure projects:

Investors need to consider a property at a location that is likely to get an infrastructure boost. Find out whether the area has new metro lines, hospitals, or schools planned. Make sure to check the price appreciation history of that area, too.

Conclusion

Ganesh Chaturthi isn’t just a festive celebration, but one that grips everyone in its spirit. It is also a day to make future investments and buy a dream home. Since developers offer special incentives, investors can use them as a stepping stone to owning their dream home.
However, staying vigilant and avoiding scams is essential. Always verify a developer’s legitimacy and RERA-approved license before investing in a property.

The post Planning to Buy a Property During Ganesh Chaturthi? Consider These Tips appeared first on Jashn Realty.

In this blog, we will discuss tips on how to sell property and what real estate sales strategy works best. So, keep reading.

Real estate tips and techniques to master for increased sales

Ask as many questions as you can

If you’re selling 2 BHK apartments or 3 BHK apartments in Lucknow or anywhere else, asking them some questions helps understand what exactly they need. Asking questions will help you gather information, which you can turn into an effective real estate sale strategy.

Also, it will help you to understand your buyer’s persona and preferences, their likelihood of buying the property, what are their expectations in terms of price, and areas where you can work in their favour.

Once you have asked such questions, repeat them to ensure you have understood the exact things they need. Remember to well-verse yourself with various sales techniques in real estate to convince the buyers. So be prepared with your questions in advance.

Provide virtual tours

Virtual tours give potential buyers a realistic overview of the new villas in Lucknow or plots in Lucknow or anywhere else. Almost 50% of buyers prefer virtual tours over standalone photography. You can use modern cameras to take panoramic full videos or the property.

Virtual tours gives buyers a realistic look at their potential home. They can get familiar with the layout, dimensions, number of rooms, and other aspects. They can make up their mind from there and visit for an in-person meeting. This will save time for both of you.

Offer free consultation and advice online

Buyers may not have all the information they need to make an informed choice. They often look for helpful information online. That’s where you can drive their attention. Offer valuable property buying tips through blogs, videos, and e-book. Ensure to provide free brochure for download to help them understand the property.

With free advice, you can showcase that you have domain knowledge. It can help certify you as a well-trained real estate agent who likes to help clients.

Master communication

Communication is an invisible bridge between you and the potential buyers. With effective communication, you can help buyers understand each and every aspect of the property. With good communication skills, you can answer their questions, hence, building a positive impact.

Be active on social media

If you don’t know how to sell property, create social media accounts. Prospective buyers like to explore any property on social media, too. Platforms like Instagram and Facebook let you upload property videos and images to grab attention. Regular posts allow you to reach wider audiences.

Post recent images of plots in Lucknow or apartments in Lucknow, or anywhere else. If you list a new property, post about it. Provider helpful guide videos and educate prospective buyers about the process. Increase your networking with buyers and sellers both.

Ask for referrals – tried and tested sales technique in real estate

Referrals can be in any form, for example, testimonials, a colleague referring a family member or friend, an ex-buyer referring a friend, and more. Build relationships with your clients and request referrals from them. Even after the sale has been finalized, keep in touch with them to ask for recommendations. You can also create an incentive plan to incentivise them for every successful recommendation.

Get a professional website

Of course, you need a website to boost your real estate sales strategy. With a professional website, you can give a clear picture of your real estate business, generate leads, put up testimonials for others to get inspired by, and provide your contact info for quick connections.

Ensure your real estate website is search engine-optimized so that people can find you in search results.

You can take inspiration from Jashn Realty, a real estate business that has disrupted the real estate segment in Lucknow’s market.

Conclusion

So, these are the tips and technics by which you can boost your real estate sales. Ensure you follow each step thoroughly to build your identity and boost brand image.

The post How to Close a Sale in Real Estate: Top Tips and Techniques appeared first on Jashn Realty.

However, the process for taking out such a loan for an under-construction property isn’t easy. It comes with loads of complexities post the paperwork. In this blog, we will discuss everything about how to take a home loan against under-construction property, how to choose the right home loan providers, and more.

Home loan for an under-construction property

The foremost thing that you need to keep in mind that a home loan for under-construction 3 BHK apartments in Sushant Golf City Lucknow or anywhere else, the money doesn’t come all at once and easily. The financial institutions perform a stage-wise disbursement.

Borrowers like you pay interest rates on the disbursed amount throughout the construction period. This practice is called pre-EMIs smaller payment meant to cover only the interest. Once the final disbursement has made, the full EMI schedule starts when the construction completion date comes closer.

Patience is key to lowering upfront cost

Loan against an under-construction property is often comes with lower upfront cost. The only disadvantage is that it has a long waiting timeline with some uncertainties involved. If for any reason, the builders in Lucknow or any other part of India delay the project or miss the deadline, you may end up paying the pre-EMIs and rent simultaneously.

How to take a home loan for an under-construction project

One thing to keep in mind that banks offering home loans for under-construction projects have a length documentation requirements. Besides your usual KYC, they will ask for an NOC (No Objection Certificate) from the builder, stamped builder agreement, bank statements, latest proof of construction progress, income proof, and credit history.

Here’s a guide to know how to take a home loan.

Which banks offer loans for under-construction properties?

Major national and private banks provide home loans against under-construction properties. These home loan providers include:

• SBI
• Punjab National Bank
• Union Bank of India
• ICICI Bank
• HDFC
• Axis Bank
• Bank of Baroda

Each bank offers different interest rates, so you need to check with each bank and compare them. We recommend comparing each bank based on the document requirements, loan eligibility criteria, and interest rates. This will help you find the right lender for yourself.

Can you claim tax benefits on under-construction properties?

The income tax benefits can be claimed under Section 24 of Income Tax Act. The deductions can be claimed on the payable interest that the borrower pays during the construction phase. The only setback is that the benefits can be applied only after the project completion.

Conclusion

Many real estate builder such as, Jashn Realty, are putting up 3 BHK or 2 BHK flats in Lucknow for sale. If you plan to buy an under-constriction property, ask your builders every question directly before getting into an agreement.
With an under-construction property investment, you can keep the upfront cost low, however, unforeseen delays may make you regret your decision. We recommend buying a property only from a verified and credible builder.

The post Your Guide to Home Loans for Under-Construction Properties appeared first on Jashn Realty.

In this blog, we will discuss ways to find the best and legitimate real estate company. Let’s check out.

Tips to verify a real estate company’s authenticity

Validate license and certification

The very first step to find out whether a real estate builder is legitimate is to verify their licensing. Get in touch with your state’s RERA or governing body to evaluate the real estate developer’s license. Also, make sure the independent real estate brokers working in your locality are licensed or not. Checking their certification saves you from being a prey of the scammers.

Verify their professional membership

Any genuine company holds membership in various organisations, such as NAR (National Association of Realtors). The members of such firms follow commitment to quality, ethics, domain standards, and professional growth.

If you’re analysing various real estate companies in Lucknow, check whether they holds memberships of any of these organisations.

Check out client testimonials

According to a study, over 95% of people admit that reviews (positive or negative) influence their buying decisions. That’s the power of testimonials. So, before you buy plots, villa, 2 BHK, or 3 BHK apartments in Lucknow, browse through the company’s testimonials and reviews. This will give you a thorough look into the builder’s online presence as well as the legitimacy.

Verify whether the company is transparent by checking its agents’ profiles, contact details, and services.

Visit sites like Yelp or Google to check its reviews. Look through each positive and negative review to find the gaps or lapses in builder’s commitment.

As a thumb rule, we recommend checking the negative reviews since many companies hire writers to write positive reviews. This will give you a close look at the company’s real estate practices.

Don’t ignore red flags

You may come across some warning signs that turn out to be the red flags. If you every encounter such red flags, don’t ignore them. Be on lookout for impractical or unrealistic promises, tactics for quick purchase, agents who mount pressure on you to purchase but avoid in-person meets, and asking for personal or sensitive details.

Ask for referrals or recommendations

Personal recommendations play an important role in finding the best builders in Lucknow. Ask your family or friends who have recently sold or bought 2 BHK flats in Lucknow. Ask for their experience and details of their property. Also, enquire whether they were happy dealing with the broker.

Their experience will be your valuable insight to finding the right builder in Lucknow.

Schedule in-person meetings and visit the property

Never deal with a property dealer on phone or virtually. Always schedule an in-person meeting to know more about them. Evaluate their communication, skills, and market knowledge. Assess their attitude while responding to your queries.

Check ownership and listing of the property

Another way to check the legitimacy of the real estate broker is to verify the ownership and listing of the property.

Ask the broker or builder about ownership documents such as occupancy certificate, title deed, and more. If any seller or builder makes excuses to provide them, just run away!

Also. Post getting all the documents, verify them. Cross check every detail and make the payment only when you are satisfied.

Conclusion

Real estate sector in India is expanding. This has led to the rise in scammers too. Consider all the tips shared earlier to ensure you are dealing with a legitimate builder in Lucknow or anywhere else. A genuine real estate company is transparent, RERA-approved, and professional just like Jashn Realty.

The post How to Identify if a Real Estate Company is Legit appeared first on Jashn Realty.

If you’re a real estate developer, agent, promoter, or broker, here in this blog we have discussed tips on how to grow your real estate business.

7 ways you can accelerate your real estate business growth

Boost your networking strategy

Networking events are full of opportunities. Those who wish to build a strong networking portfolio should implement a targeted approach. Create a goal to connect with those who can be a helping hand for you. Arrange meetings with different people who can provide recommendations, advice, and help reach your specific business goals.

Since the real estate sector is dynamic, you can leverage networking to stay updated on new project launches, regulatory changes, investors’ sentiments, and market trends. Besides, it helps build credibility and trust among investors and industry stakeholders.

Improvise your time management strategy

One of the common problems that real estate agents face are of lack of time management. With no proper time management, growing your real estate business will be more challenging. Avoid focusing on distractions or trying to finish your to-do list from top to bottom.

Instead, use a time management tool to break down your real estate business ideas, dedicating specific time for each online or offline meeting, visit, project presentation, report creation, and more. You can use Trello or other time management tools to organize your to-dos.

Effective time management accelerates your success rates in a competitive industry. You can easily arrange tasks based on priority and maximise your productivity.

Try converting your leads through email

Do you have a CRM system in place for lead tracking? If yes, it’s time to implement some other tactics. For those who aren’t ready yet to invest or something holding them back, email marketing is the best strategy to target them. Email marketing broadens the horizon to showcase them your project, highlight your project’s features, and show them your knowledge of the real estate sector.

Be sure to keep your email informative to address their concerns. This will compel them to approach you for more info, leading to a closed deal.

Those who don’t know how to start a real estate business without a dedicated marketing team should rely on emails. Every email you send should have dedicated CTAs, clear goals, and catchy copies.

Hire someone for the assistance

In Lucknow’s real estate or somewhere else’s, you can’t work like a lone warrior. There comes a time when managing everything on your own will feel challenging. So, it’s a wise step to hire an assistant. You can dedicate your time to reaching new clients, scheduling visits, and focusing more on growing your business.

If your business is small, you can opt for a part-time or virtual assistant. They can manage leads, take calls, and do other tasks while you focus on your nurturing your client relationships.

Understand your local market

As a real estate business, you need to have a strong understanding of your local market. This helps build a reliable identity. You should spend time to understand the specific areas, infrastructures, panned projects, local regulatory laws, property taxes, nearby amenities, and more. For example, if clients look for 3 BHK residential flats in Lucknow or anywhere else, make sure you have complete information about the locality.

Mastering your local market lets you classify properties that are undervalued. It also enables you to recognize the growth potential of an area that’s hidden from investors’ eyes. This gives you a competitive edge, boosting sales. Investors may have hundreds of questions before investing in an area. If you’re familiar with the area, providing them with the right answers will win you a long-term relationship.

Use social media to your advantage

Almost 62.6% of the world’s population uses social media. Ignoring is impossible as it holds immense potential to land you potential investors. If you want to grow your real estate business, take it on social media platforms. You can run ads, share valuable content, and generate leads.

Here’s how you can harness social media potential:

• Give a live tour of the villas or 2 BHK flats for sale in Lucknow or other parts of India.
• Create congratulatory posts for new homebuyers making them feel special. This will make your content show in people’s feed, evoking their interests in your project.
• Boost your posts regularly within the budget to reach a wider audience base. Set the demography to target the audience based on their income, age, occupation, and more.
• Leverage the potential of Facebook (Meta), Instagram, and WhatsApp.

Don’t shy away from asking for referrals

About 80% of real estate businesses come from word of mouth and referrals. Ask your current and existing clients for referrals. Be sure to incentivise them for their successful referral turning into an investor. You can include a referral program in your site or use custom gifts to entice them.

Conclusion

So, these are the top ways to grow your real estate business and outshine others in the market. Optimize these ideas according to your needs and determine which one works best for your business.

The post 7 Proven Ways to Grow Your Real Estate Business appeared first on Jashn Realty.

Legal verification clears out all the doubts and ensures that the property you’re buying is free from legal concerns. It also confirms the seller’s ownership, saving you from any possible financial loss. Now, comes the foremost question, “how to verify the property?”

Well, the question doesn’t end here. Some of the other questions that may arise are, “Is property document verification available online,” or “Can property verification be done without a legal counsellor or lawyer?” If you are having these questions popping out in your mind right away, the answer is yes.

In this blog, we will shed light on property verification process. We will also discuss about the documents required, and steps that go into the property verification. So, let’s explore more.

What is property verification in India?

Property verification refers to the process of validating a plot, villa, 2 BHK and 3 BHK apartment in Lucknow for sale or anywhere for legality before signing the sale deed. The process involves verifying legal documents, registries, or records. Sometimes, it involves visiting the property in person to get an exact idea about its legal possibilities.

How to do property verification

There are many ways by which you can verify a property for its legality. You can verify the property online on your own, or you can seek help from property verification services. Even a legal counsellor or broker helps verify the documents.

What documents are required for property verification?

Here is a list of documents required for property verification in India. These include:

• Mother Deed (Title Deed/Sale Deed)
• Mutation Certificate
• Property Tax Receipts
• Encumbrance Certificate
• Conversion Certificate (NA Order)
• Building Approval Plan
• Approval from Local Authority (Commencement Certificate)
• No Objection Certificate (NOC)
• Occupancy Certificate (Completion Certificate)
• Power of Attorney (applicable, especially if landlord is NRI)
• Joint Development Agreement

Once you verify these documents, the road to owning a property becomes smoother.

Documents required for verification before buying a plot

You need to verify the following documents before buying a plot. These include:

Mother Deed
Title Deed
Encumbrance certificate
NA Order (ensure it is “NA-Residential”)
Property Tax certificate
Approvals from local authorities
Power of Attorney (especially if the landowner is NRI)

Documents required for verification before purchasing a house

Documents required for verifying a house before purchase include:

• Sale deed
• Mother deed/Title deed
• Building approval plans
• Encumbrance certificate
• Sale and Purchase agreement
• No Objection certificate
• Completion certificate (or occupancy certificate)

Steps involved in property document verification process

Whether you deal with a real estate company, property owner, or agent directly, ensure to follow these steps to verify the documents. This will help you avoid fraudulent activities from a scammer. Here’s what you need to do.

Collect all the required property documents

The first and foremost step is to collect all the documents from the seller. Contact the relevant state and municipal authorities to confirm which documents you should check before buying a property in India.

Do a preliminary document verification on your own

Before you seek help from a professional document verification service provider, check each document personally. Find out whether the details provided in each document match the information provided by the seller. A preliminary check will save you time, and for any inconsistency, you have the right to walk away.

Verify the docs with local authorities

Visit your nearby registrar’s office or go to the local land record office for property verification. Verify the legal status, ownership, tax updates and other relevant details.

Do an in-person survey

Visit the property personally to get an exact idea of its size. Match it up with the details provided in the documents.

Assess the EC (encumbrance certificate)

Verify the encumbrance certificate to find out whether there are any unpaid dues or legal claims concerning the property. If possible, visit the registrar’s office.

Seek a lawyer’s help

It’s always wise to seek legal help for the document verification process. Hire a lawyer and get all the insights about a property’s legality and authenticity of its documents.

Issue a public notice

Before signing the sale deed, issue a public notice in a local newspaper regarding your intention to own it. If there is a dispute, people will come out; if not go ahead and set up a date for its registry.

Sign the sale deed and get the property registered on your name

Once everything goes smooth and each document appears to be authentic, it’s time to sign the sale deed. Set a date and get the property transferred on your name. Now, you can own the property legally.

Property document verification benefits

Now, someone may ask why property verification is important or what its benefits are. Well, here are the top benefits of property verification.

Avoids risks and scams

The foremost benefit of verifying a property before buying is risk reduction. It means you won’t fall prey to scammers or get involved into legal traps.

Ownership validation

It validates that the seller holds the ownership of the property.

Transparent transaction

Since the property is legally verified and transaction is transparent, it nullifies future conflicts.

Secures your financial well-being

Property document verification ensures that your hard-earned money is invested in a legal property free of disputes. This secures your financial well-being.

Conclusion

Initiating property verification process before signing the sale deed is an essential step. This helps safeguard your investment while ensuring the property you’re buying is legitimate. With online property document verification process, you can do it yourself or seek a lawyer’s opinion to verify each document.

So, create the safety net in the world of real estate to safeguard your investment.

The post How to do Property Verification: Legal Steps and Documents Required appeared first on Jashn Realty.

However, do not make a hasty decision when buying an under-construction property. Such properties come with hidden risks for buyers. The uninformed buyers might even lose money in the long run.

So, you have finalized and signed the agreement for an under-construction unit. The builder will ensure that the construction work will be done as per the schedule. You are assured of having the keys in hand in a year or so. But, later on, the builder takes many more years to complete the project, and you do not still live there. In that situation, you have no control over what is happening. You are now solely dependent on the mercy of the builder.

Therefore, asking the right questions to know if the property is worth the investment would be good.

Questions to ask your builder before buying an under-construction property

Do not make a hasty decision when planning to buy an under-construction property. Instead, enquire around about the project and builder. Here are the top key questions to ask:

How much is the project expected to appreciate?

If you intend to invest in a residential property in an upcoming society or project, you want to make a nice profit. Therefore, the first question to ask the builder is about the unit’s profitability. Ask the builder how much the unit’s prices will likely be appreciated in the next few years. That is a vital question, especially when your sole intention is to invest to make a huge profit.

So, find out how profitable the project will be for the investors shortly. A project in the right locality with connectivity is preferable from an investment angle. If you want to invest to make a quick, attractive profit, then enquire about the project’s prospects.

A project’s prospects of earning huge profit depend mostly on two factors. These are locality and connectivity. If the project is near famous landmarks that people frequently visit, it will be appreciated quickly in a few years only. Secondly, a well-connected project with roads, bus depots, airports, etc., is bound to earn you a high return on your investment. For example, Jashn Elevate Club Towers in Sushant Golf City, Lukcnow is adjacent to all the famous areas and attractions. This project is sure to earn higher appreciation in coming years.

How many units the project has sold?

While buying a property in an under-construction society project, find out how many units are sold. A good number of units booked will indicate the dependable quality of residential units. Such projects with a good brand reputation often have all the units sold immediately. This is because investors have faith in the quality of their work and timely completion.

If not many units are sold, that might hint at potential issues. In that case, you should investigate the matter further before signing the agreement.

Can you provide your previous project details?

Do not forget to enquire about the past project works the builder has completed. That will indicate how likely the company will hand over the property per the schedule. Getting an insight into the builder’s track record will fill you with confidence when buying an under-construction property. You can talk to the builders’ past customers, too.

These days, you can easily get the builder’s background online. Go to the builder’s website and learn more about the previous projects. Go to the testimonial section to know what clients have to say.

Will your project allow hoardings or mobile towers?

Ask the builder some crucial questions regarding hoarding and mobile towers as well. Many builders keep the right to display hoarding on rooftops of households. They lease out the space not only for hoardings but also for mobile towers. So, if you wish to own a unit on the top floor, ask if the builder will install hoardings or mobile towers.

A disadvantage of these two is that they hurt the property’s resale value. That may not give you the intended investment profit. Moreover, mobile towers in your society can also be a potential risk for your elders and children.

Also, you can negotiate the price if you do not mind buying a rooftop property with hoarding or mobile towers. The builder might lower the prices to what you are asking for since there might not be a good demand for the property.

Will you have the project’s commercial rights?

Builders lure people to buy properties in societies by showing a wide range of modern amenities. These include a gym, swimming pools, clubhouse, etc. Make queries regarding these amenities. However, one of the crucial questions is whether the builder has commercial rights to those amenities.

Many buyers later know that the builder has some rights over the amenities. The residents have only the membership in that case. Therefore, the agreement mentioned whether the builder holds the rights to amenities before signing it.

These are the key questions for a builder when buying an under-construction property. Buying a property from a trustworthy builder such as Jashn Realty is advisable. This builder has an excellent track record of quality work and timely completion of units.

Wrapping Up

Under-construction properties are less costly, but make the correct queries before signing the agreement. Ask the builder questions related to the expected value appreciation of the unit, the builder’s reputation, units sold, hoardings and mobile towers, and commercial rights on amenities. That gives an idea of how safe your investment in such a property is.

The post Questions to Ask When Buying an Under-construction Property appeared first on Jashn Realty.

Both apartments and builder floors are available to the buyers. There is a considerable demand for both types of residential properties. Big cities and regions such as NCR, Lucknow, Pune, and many other smaller cities also witnessed the increasing demand for residential properties, which, in FY23, had been $42 billion. The number of home sales was at an all-time high in FY23. The residential property market is expected to reach $687.27 billion by 2029.

But before buying your residential property, know the advantages and disadvantages of an apartment and builder floor.

Both apartment and builder floor have their unique advantages for the property buyers. That is why, as a buyer, you should first consider all aspects of these properties. Then, make the buying decision that best suits your requirements. When building your home, do not forget to compare plot vs flat as well.

An apartment or flat is part of a high-rise building, which may also be a housing society. There are multiple flats per floor in such high-rise buildings.

What’s The Better Choice: Apartment vs. Builder Floor?

Advantages of apartments

Apartments come with multiple advantages for home buyers. Here is how they benefit:

Wide range of amenities

One of the major advantages of living in apartments is that you access many amenities. A high-rise building in a housing society has all the amenities for modern living. These include swimming pools, gardens, gyms, and security personnel. The under construction properties including 3 bhk flats in Lucknow and other big cities come with these amenities.

Affordable cost

Apartments are generally affordable since the cost per square foot is much lower than the builder floors. This is because there are many apartments in a high-rise society, and the residents can share the infrastructure cost collectively.

Greater security

Since many apartments are in gated societies, the society management takes strict security and safety measures. Individual apartment owners do not have to worry about the security of their family members as all the security-related infrastructure is managed by either RWA or society management.

RERA compliance

RERA stands for Real Estate Regulation and Development Act. Builders have to ensure that the construction is as per RERA compliance. The law protects homebuyers and promotes transparency in residential property deals. So, when you look for 3 bhk large flats in Lucknow or elsewhere, check that it is RERA compliance.

For home buyers, RERA compliance with a residential property ensures that everything about the apartment follows government rules and norms. That is why the builder has to disclose all the relevant details regarding the apartment and the real estate project to the buyers. The buyers’ payments are deposited into escrow accounts, and the home buyers will be handed the apartments per the approved timeline.

Community Culture

Another big advantage of living in an apartment is becoming a part of community culture. Since hundreds of families live in high-rise society buildings, they all come together to celebrate festivals. That fills the residents with a sense of belonging. You become part of the society. In turn, that gives the residents emotional support.

For all such advantages, you can depend on trustworthy high-rise buildings such as Jashn Elevate Club Towers, including excellent amenities and community culture.

Advantages of builder floors

If apartments are not what you have in mind, then explore builder floors as your next best option. Here is how you benefit from owning a residence on a builder floor.

A builder flat in itself is a whole residential unit. So, there is just one unit on the floor. The buyer independently owns each such unit. Such buildings are usually low-rise. A characteristic of builder floors is that they are much more spacious than apartments.

Here are some key advantages of builder floors:

Easier customization

Builder floors are easier to personalize per the homeowner’s liking. This is because of the flexibility these floors offer. The homeowners can customize their home design as they wish.

Personalizing the layout interior is much easier with builder homes. You can also choose to give the finishing touches the way you want. Moreover, you can easily add architectural elements to the home to make it look impressive and unique. You can also choose the materials and the fixtures for your home. All you need to do is to work with the builder when personalizing your home.

Assured privacy

Unlike high-rise buildings, builder floors are low-rise and only have a few families. Each floor becomes a separate unit with no interference from other families living in other units. Also, each unit has its separate entrance. That means these buildings are more open. You can, therefore, maintain your privacy.

Higher resale value

Another advantage of owning a low-rise builder floor is that it will yield high profits when you resale it after a few years. Since these are individual units, getting very high profit on their resale is much easier than getting an apartment. The new owner can easily customize these units.

Low maintenance costs

The maintenance costs of a builder’s floor are much lower when compared to the apartments. There are no high costs involved in maintaining a high-rise building. The house owner on a low-rise building floor is responsible for maintaining the house. So, the costs are always manageable.

More space

Builder floors are generally more spacious as these are independent units with much larger floor areas than apartments. With such space, the owners can make furniture arrangements per their wishes. Most builder floors boast wide spaces such as balconies, terraces, and even outdoor spaces that belong to the owner only.

Apartment vs. Builder Floor: Which is the best option?

So, after going through the main advantages of both the apartments and builder floors, which one should you buy? The answer is that you must consider your preferences and personal circumstances, such as your budget, when choosing.

Pay attention to the disadvantages of owning an apartment or builder’s floor. For instance, if you opt for builder floor living, you will have no central amenities such as a gym and a pool. You will also be paying more for maintenance as fewer families live in a low-rise building. Some such floors may also lack and need more measures.

Similarly, know about the disadvantages of owning an apartment. You will have limited space, which could be restricted and noisy. The buyer may be paying a high service charge. There might also be restrictions on modifying the building exterior. Parking difficulties and multiple rules and regulations are also hindrances for apartment owners.

Consider the above-mentioned cons of owning an apartment or a builder floor. Then, consider your budget, the freedom you want, and other aspects to judge which option is right for you.

When is the apartment the best choice?

If you love to access many amenities without paying much, then apartments are the best options. All security concerns are also well addressed. Also, apartments are an excellent choice if you love community interaction and a great community life. The residential flats are also favourable if you can bear paying high-maintenance charges.

When is the builder floor the best choice?

You can prefer a builder floor when you value your privacy more since only a few families live in the building. Go for the floor option also when you wish to have spacious rooms that you can customize. If you want to escape from high maintenance charges, the builder floor is ideal.

So, choosing an apartment or a builder’s floor boils down to your priorities.

Make sure you weigh the pros and cons of both apartments and builder floors to settle for the right option.

Wrapping Up

Often, people need help determining whether an apartment or a builder floor is their best option. Both have their advantages and disadvantages for the buyers. Compare their pros and cons extensively, given your budget and other circumstances. Settle for the one that you find best suited to your residential needs.

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How to save tax on house purchase in India?

More than half of the house purchases in India are financed by a bank or financial institute. If you buy take a home loan to buy a house for self-occupancy, you are entitled for a tax deduction under 80(C) section. You can this deduction parallel to the principal amount payable on the loan.

A self-occupied property has:

• The owner inhabiting it (you)
• It’s unoccupied
• Inhabited by the owners’ parents

Section 80 (C) also entails registration fee and stamp duty payable for the property registration.

Besides, section 24 also provides benefits for the investors. Under this section, the interest on home loan is deducted from the tax payable. The tax deduction can go up to Rs 2 lakh in a fiscal year for self-occupied properties.

Another less-known option is Section 80EE that enables affordable home owners to claim a deduction of up to Rs 1.5 Lakh. It is applicable for first-time affordable home buyers.

These sections help homeowners save more. However, if the property is co-owned by two owners, they can still claim the deductions. However, the deductions will split up between the two.

Selling land and saving tax

If you own land for less than 3 years, it will attract short-term capital gains. When the hold crosses three years, it starts attracting long-term gains. To understand capital gains, consider a scenario in which you buy agricultural land in a rural area. The land in such a location doesn’t qualify as a capital asset. Likewise, it doesn’t attract capital gains. However, agricultural land in urban areas qualifies as capital gains. Holding it for a certain period determines the extent of capital gain tax.

If the asset is land and not a house property, the long-term gains you get from it can be relieved under section 54F if:

• Funds from the sale are used to by a 3 BHK flat in Lucknow within the 2-year period from the date of sale.
• The housing investment is made over six months after the sale of land and the amount is deposited in a bank’s capital gains account.
• The IT Act doesn’t facilitate any exemptions for short-term capital gains. It is taxed per the applicable rates.

Saving tax on residential property sale

If you sell your residential property, which yields long term gains, be sure to claim indexation. Indexation refers to the property price that is adjusted per inflation. This helps reduce the capital gains and lower the taxes.

Further, you can reduce the capital gains by claiming expenditures against maintenance and improvements done against the property. Here are the conditions you need to satisfy:

• You’re the owner and occupy the residential house for over 2 years
• You’ve the receipt of all the claimable expenses
• You can mark any brokerage charges for deductions during sale

You can also consider reinvesting to reduce capital gains or get it waived off. If you’re planning to purchase a ready-to-move apartment or flat in Lucknow, it must be done within one year before or two years after the date of sale. However, if you opt for an under-construction property, ensure that the possession or delivery is completed within three years from the date of sale.

Conclusion

Tax exemption in real estate is complex but not impossible. You can claim tax deductions on your long-term capital gains by following the above tips. To keep the process smooth, ensure to consult a professional advisor or consultant.

The post Tax Hacks in Real Estate Every Investor Should Know About appeared first on Jashn Realty.

So, if you’re someone in Rs. 40, 000 salary bracket, here’s how much loan you can get.

Impact of salary on home loan eligibility

A home loan usually involves a huge amount. When banks or other financial companies sanction this loan, they are at risk. That’s the reason they determine your loan eligibility before sanctioning your home loan application. Besides income, they take into consideration your credit score, other financial liabilities, and debts, if any.

Depending on your monthly income, they can decide how much money you can borrow. Here’s how they determine the loan amount based on your salary.

Suppose, you earn Rs. 40, 000 every month and want to apply for a home loan. So, how much home loan can you get on 40,000 salary?

Well, to calculate the exact amount, the lender uses the EMI/NMI method. EMI stands for equated monthly installment while NMI means net monthly income. If the ratio of your EMI/NMI falls at 60%, you’re eligible for a home loan. A lower ratio means that your loan amount will be higher and interest rate will be affordable.

The lending companies uses various methods to calculate the home loan amount. The one method is multiplying your NMI by a factor falling in between 60 and 72. Another method is multiplying the annual income by a factor of 5 and 6. Here’s a simple example to decode it better.

Rs. 40, 000 x 60 = 24, 00,000

Rs. 40, 000 x 72 = 28, 80, 000

So, you see with Rs 40, 000 salary, you can avail of Rs. 24 lac or Rs. 28.8 lac home loan. If you want to increase the amount, try applying for a join home loan with a family member.

How to improve your home loan eligibility:

Follow these tips to increase your chances of home eligibility and approval.

Research and look around to explore different lenders and banking institutes. Compare their loan amount and interest rates and settle with the one who offers competitive rate of interest.

Choose a location to buy a 3 BHK flat in Lucknow, which is pre-approved by the bank. This will help you lower your rate of interest. Also, the process will be easier to follow.

If you have additional funds, you can use them for a down payment. This way, your loan amount will be minimal, and your interest rate will be lower. The less you borrow, the lower the rates you’ll have to pay. Besides, you can also plan for a loan repayment to lower your principal and interest rate further. You can go through our home loan vs. cash payment guideline to understand it better.

Conclusion

Most banks and lending companies consider your monthly salary an essential factor in determining the eligibility and home loan amount to be disbursed. Always choose a nationalized and reputed bank to borrow money from and keep the interest rates within your affordability. Look for projects like Jashn Elevate Club Towers to improve your return on investment opportunity in coming future.

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