Month: January 2024

Which Floor is Best for fresh living apartment

Buying a home is one of the most crucial decisions of our life. It controls the stability & growth level of our life. Now this decision has various aspects which need to be considered such as the location of the home, amenities, on which floor you want to buy the flat, etc. These all are crucial factors. In this blog, I will help you to decide, on which floor you should buy a flat on and why by mentioning the pros and cons of every floor. Read this blog to make a wise decision for a fresh living apartment and connect with Realtech Nirman for more expert advice.

 

A. Fresh living apartment; benefits of living on the top floors:

 

1. Natural light:

We all need a home with all-natural light & ventilation. It makes our life easy and keeps us healthy too. In the apartments on the lower floors, you have to make adjust to the amount of sunlight and air. However, the top floors tend to receive more sunlight and better cross-ventilation. Well, with the sunlight, the residents of the top floor also receive a great view which is also worth every penny.

2. Stay noise-free:

A peaceful life is one of the most important and non-negotiable things in our life ever. The top floor of housing helps you cut off the outer noise, while the lower floors are generally more prone to street-level noise, especially if your apartment is near a busy road.

3. Security and Privacy:

Well, most of the houses have their security guards to protect the residents. Every apartment of Realtech Nirman has the latest technologies along with security guards to ensure the highest safety of the residents. However, lower floors can be more vulnerable to intrusions. Lower floors can be more vulnerable to intrusions while the top floors are safe & have better privacy from street-level passersby.

4. Safety from various diseases:

The lower floors of the housing are exposed to various insects, particularly mosquitoes. So, the residents need to be careful about it all the time. On the other hand, you may have zero idea about these all when you live on the higher floors.

 

B.Fresh living apartment; disadvantages of living on the top floor:

 

1. Non-energy efficient:

As I have mentioned living on the top floors increases your energy consumption directly. Do you know how? Direct sunlight increases the temperature of the home, increases the dependency on air conditioners, and increases the electricity bills too. It is not a very sustainable idea either.

2. Increased dependency on amenities:

When you live on the top floors, you must depend on the elevators, if they go out of order, it restricts mobility completely. Complete dependency on an amenity is not good for our minds and bodies.

3. Emergencies can be dangerous:

The top floor does not provide enough emergency exits for any kind of unforeseen situations. It can impact your ability to exit the building quickly. So, in this case, we can say that there is a safety issue on the top floors.

4. Moving in or out is not that easy:

When you are moving in or moving out of a house, naturally, you will have a lot of furniture and other things to carry. However, from the top floor, it’s not easy at all. You have to completely depend on professional people and the elevator for this job.

 

C.Fresh living apartment; benefits of living on the middle floor:

 

1. View and freshness:

Like the top floors, the middle floor is also ideal for a great view & fresh air. The middle floor also provides an ample amount of sunlight which makes these flats more attractive.

2. Makes a balance:

The middle floors are not as hot as the top floor and you can enjoy the same view. So, it makes a balance.

3. Safety:

Living on the middle floors is nearly the same as the top floor. The residents are safe from any outside issues, noises, bugs, insects, and so on.

 

D.Fresh living apartment; Cons of living on the middle floor:

1. Increased dependencies:

As I have mentioned living on the middle floor is also the same as living on the top floor. The benefits and the cons are the same. If you live on a middle floor of an apartment; you will be bound to depend on things like the elevator.

2. A cage for children:

The Middle and the top floors are away from the ground and away from the playgrounds too which is heartbreaking for the kids. They might suffer in this case.

3. Moving in or out is a task:

Just like the top floor, moving in or out of an apartment on the middle floor is a task. The residents have to depend on professional people to carry their things/furniture. It also increases the cost level.

 

 

E. Fresh living apartment; Benefits of living on the ground floor:

 

1. Lower electricity bill:

The apartments on the lower floors of a housing always have a cool temperature which helps in reducing the dependency on the air conditioner and reducing the electricity bill and also helps in living a more sustainable life.

2. Access to playgrounds:

Apartments on the lower floors of housing always have the best & easiest access to the playgrounds. So, if you have a kid at home, you can think about it.

3. Almost no dependencies on amenities:

If you live on the lower floors of a housing you are not bound to depend on the amenities like the elevator. This increased the mobility.

4. Increased income sources:

If you want to put your flat on rental, buy it on the lower floors of a housing. The apartments on the lower floors of a housing always attract more tenants than the top floors.

5. Safety in emergencies:

Escaping from the lower floor of housing in any unforeseen situation is always far easier than on the top floors. The residents find the emergency exit door easily.

 

F. Fresh living apartment; Cons of living on the lower floor:

 

1. More exposed to insects:

The apartments on the lower floors of housing are more exposed to bugs, insects, mosquitoes, etc. This can make an issue in your peaceful living.

2. A lesser amount of ventilation:

Ventilation plays a crucial role in our well-being and the apartments on the lower floors have a far lesser amount of sunlight and fresh air. Well, not only this, these apartments are colder than the other apartments of the housing and during the rainy season, the floors remain damp due to lack of enough sunlight & ventilation which leads to health issues. Attack of the insects can worsen this situation.

3. More exposed to hazards:

The lower floors of housing are always more exposed to robbers breaking in, outside noises, and other unwanted issues. Due to these reasons, these apartments also lack privacy.

4. No view:

Maximum housings have other buildings on the campus or there can be other houses too which blocks the view and limits the happiness of living on the ground floor.

 

Some common FAQs:

 

Which floor is best to live in an apartment?

Well, it depends on the choices of an individual. However, according to me living on the top floor is always best. Although there are some amount of disadvantages, however, you will be able to enjoy the peaceful and private life you want.

Which floors have the best view in housing?

The top floors always have the best view in a housing.

What are the basic safety features I look for in an apartment?

You look for a fire extinguisher system, security system, CCTV, automatic sprinkler, smoke detector, etc.

What is the best floor for an investment purpose?

Well, it is the lower floors of a housing. The apartments on the lower floss get a higher number of tenants. If you want to sell the property, selling an apartment on the lower floors is easier than the top floor.

What is the safe floor for living, I have older people at home.

Well, in that case, living on the lower floors is safe. You will not need to depend on the elevators and evacuating in an emergency is always easy on the lower floors.

Why are the top floors expensive?

There are various reasons behind it. However, at the core the reason I can inform you that it is expensive is due to the better view, better ventilation and the privacy facilities. On the top floor, you can get the life you want.

If I buy a flat on the top floor like the 20th floor and the elevator goes out of work, what will happen next?

Well, generally, the committees of housing are very concerned about these all and they take care so that this never happens. However, if it happens, I hope the committee of the housing will call a technician as early as possible.

 

Final words: I hope the pros and cons are clear for you and now you will be able to evaluate your decision more clearly.

Is Investing Under Construction Flats Beneficial?

Real estate is one of the fastest-growing industries in India. Maybe it is the only sector that recovers the loss so quickly. So, this industry is the talk of the town now. On the other hand, buying a home is a dream for many of us, and many times we want to close the deal quickly which leads us to a wrong decision. Buying a home requires a lot of research work. In this blog, I will inform you why investing in under-construction flats is way more beneficial. Keep reading to make a wise decision and connect with Realtech Nirman any time for affordable housing in Newtown.

A. Benefits of investing in  under-construction flats:

 

1. Freedom of choice of under construction flats :

Under construction flats give the buyer the freedom of choosing the amenities of the flat or the tiles, flooring, etc. which will help you to live in your dream home.

2. Cost-effective of under construction apartment :

Most of the builders offer a lower price when it is under construction. Many times they also give discounts as well. On the other hand, when the project nears completion, the demand and the market value of the property are bound to increase. This means it is a win-win situation. You can customize your property and you will get it at a lower price as well. Connect with Realtech Nirman if you are planning to buy a property in Newtown. They have several ongoing projects.

3. Better construction of flats:

Look we all know that with time, real estate properties get older and the constructions get weaker, no matter how great the construction quality is. So, when you book an under-construction project, you get enough years to enjoy it. You will not need to worry about maintenance. Moreover, you get to enjoy the latest amenities and facilities available.

4. It is an investment for under-construction flats :

An under-construction means that the area is growing. You can expect high returns on investment when the property appreciates and nears completion. You could rent out the flat or sell it for a profit. So, it will make an alternative income option for you and will secure your future too.

5. Less worry about payment issues:

During the construction period, you will get flexible payment plans. For example, you can book the flat with a token amount and will pay the rest of the price till the time you get the flat. On the other hand, you will not get this benefit for the complete projects. In that case, you have to pay the full price. However, you can take a home loan and later, you will pay through EMIs.

6. Best technology & design:

Most of the time or I can say all the time builders try their best to provide the latest technology and architecture in their latest projects. These properties are built and designed to be energy-efficient, eco-friendly, and equipped with smart and luxurious spaces. However, for the older projects, you will not be able to get this facility at all. These updated technologies or amenities will help you to put it on rent or to resell it easily. It will also provide you with an easy life.

7. Legal aspects:

In the real estate field, legal aspects and validity play a huge role. If your property does not have all the legal papers and clearances, it is a waste of money. So, aware buyers pay a significant amount of time in checking the legal factors of the chosen property and it gets easier if you buy an under-construction property. Now you must be thinking how does an under-construction apartment help you ensure that its titles are legally valid? The simple answer is RERA – the Real Estate (Regulation and Development) Act. As per the mandate by RERA, if the property has obtained an occupancy certificate by May 1, 2017, it must be registered under the RERA of the respective state.

RERA registration is an ultimate assurance from the government.  What is more, you can check the details of the projects as well as their legal aspects on the RERA website of the state where the property is being constructed. In this context, let me inform you that every project of Realtech Nirman gets all the approvals from the authorities which makes them secure for investment and for getting a home loan too.

8. Tax benefits:

Do you know that you will get a huge tax benefit if you invest in an under-construction flat? Yes, you heard it right. As per Section 24 B of the Income Tax Act 1961, up to Rs. 2 lakh can be waived off per financial year on an under-construction home.

The same can be deducted from the home loan’s interest rate. Section 80 C of the Income Tax Act further waives another Rs. 1.5 lakh, which can be deducted from the home loan’s principal amount. Another Rs. 50,000 can also be deducted as per 80EE of the Income Tax Act 1961, provided that the limit set as per Section 24 B has been reached.

 

B. Risk factors of investing in an under-construction flat:

Everything in our life comes with some pros & cons. There is no such decision that does not have a risk side.

Investing in an under-construction flat can be risky if you move in quickly. You have to give ample amount of time to the builder to finish the work as per their plan. So, think about this factor before the investment

Another risk factor is the delay in the handover process. Many times, builders do not keep their word and they cause delays. However, if you choose reputed builders like Realtech Nirman, it will not be an issue for you.

 

Some common FAQs

 

Under construction apartments near me

 

What are the criteria I look for before investing in an under-construction property?

You should check the reputation of the builder first. Many builders put an unrealistic deadline and later they fail to deliver the project on time. After checking that, you should check the legal factors such as whether it is registered under RERA or not. You can also check the history of the land on the state land website. If everything looks good, you can invest in it.

Why do people avoid under-construction flats?

Most of the time people tend to avoid the under-construction flats due to fear of waiting. They tend to invest in ready-to-move flats which gives them instant happiness.

Is it good to invest in an under-construction property?

It’s best actually. You can check the construction quality directly. You will be able to customize the flat according to your needs and choice, you will get it at a lower price, and you will enjoy tax benefits and easy payment options too. Do you know that one can avail up to a 30% discount in comparison with a completed project including tax benefits? What else do you need in life?

What are the tax benefits of investing in an under-construction property?

According to Section 24 B of the Income Tax Act 1961, up to Rs. 2 lakh can be waived off per financial year on an under-construction home.

The same can be deducted from the home loan’s interest rate. Section 80 C of the Income Tax Act further waives another Rs. 1.5 lakh, which can be deducted from the home loan’s principal amount. Another Rs. 50,000 can also be deducted as per 80EE of the Income Tax Act 1961, provided that the limit set as per Section 24 B has been reached.

Is there any chance of getting coned by the builder if I invest in an under-construction flat?

If you hire a reputed builder then there is no chance of getting conned. I would advise you to check all the social media handles of the builder and also ask their previous clients to get the real scenario.

 

Ready-to-move-in home or an under-construction home, which one is better?

Well, it depends on the individual. If you are ready to wait and you have an alternative place to live then you should invest in an under-construction flat. An under-construction flat gives you freedom, tax benefits, great construction, latest amenities & so on. However, this is not possible for everyone and in that case, they go for the ready-to-move flats which is also fine.

How can I get rid of GST in an under-construction flat?

Under-construction properties are expected to pay GST, however, ready-to-move-in properties are exempted already. Don’t worry, in that case, you might work out a deal with the developer (if they agree) to get GST waived on a property that is still under construction. In this manner, your deposit will seem to the developer as a loan. They refund the loan with interest once the property is finished and receive a completion certificate. In this manner, an under-construction property can qualify for a GST exemption.

 

Do you know that investing in an under-construction flat can be your best decision ever? Yes, it is. Read this blog to know it better and invest wisely. Buying the right property can secure your life. However, it would help if you planned it in the right way. Invest in an under-construction flat to get the best benefits. Connect with Realtech Nirman for more assistance.

Top 10 Advantages of Buying Your Home from a reputed real estate developer

Owning a house is a still dream for many of us. However, choosing a house is a crucial decision. But do you know what is even more crucial than that? It’s choosing the right real estate developer. Choosing the builder can determine the success rate of your decision. In this context, it is important to mention that, many buyers think that reputed builders can charge them huge which is not right, and even if they are charging, here are 10 benefits which you will get against that. Read this blog to know about and connect with Realtech Nirman for any query.

1. The best quality of real estate and development:

The Reputed real estate developer are very much aware of their reputation and they are also focused on their loyal consumer base. To maintain both of these factors, they never compromise construction quality. For example, Realtech Nirman has maintained its construction quality from day 1 of its journey. This has helped the group survive in this competitive industry. They employ skilled architects, engineers, and construction teams and source high-quality materials to ensure your home is built to last. Investing in this kind of property is a long-term investment.

2. Timely hand-over real estate properties:

As I have stated in the first point, the reputed real estate developers are very much conscious about their reputation & consumer base. They take months to plan the projects which helps them meet the deadlines and also helps in project timelines. So, usually, they deliver the property as per their commitment which leads to a hassle-free experience. So, if you want to buy a property peacefully, go for reputed builders only.

3. Zero legal issues of real estate developer:

Buying a property from from a reputed real estate developer is a big investment and a lifetime decision too. If you buy a property that has legal troubles in it, it is just a waste of money. To avoid it, you should always rely on the reputed builders only. They adhere to legal norms and ensure transparency throughout the home-buying process. For example, every project of Realtech Nirman follows every legal norm and gets the necessary approvals. This way you will be able to take bank loans and will be able to sell the property in need. So, invest wisely.

4. Amenities for property developers :

Well, we all want to live a comfortable life and we need specific amenities for that. On the other hand, reputed builders always want to create the best experience for their residents. So, they provide the best amenities possible. From well-maintained green spaces and recreational areas to modern fitness centres and swimming pools you will get everything in one place. Every amenity will have the best quality. For example, if you buy a flat in Rajmahal (one of the most popular projects of Realtech Nirman), you will get amenities like a swimming pool, community center, well-built garden area, car parking space, the best technologies for security purposes, fire protection systems, a water plant & 24*7 uninterrupted power supply in one place. In some projects of Realtech Nirman, you will get amenities like a jacuzzi. So. no matter what, always rely on a reputed builder to live the life you have ever dreamed of.

5. Positional value of real estate developer:

Most of the reputed builders are experienced. They know the market and do research before any project. They take a significant amount of time in choosing the locations. and only invest in the locations that have a future value. For example, most of the projects of Realtech Nirman are situated in Newtown, Rajarhat. This is the newest economic zone of West Bengal. Many famous IT companies have branches here and many are in the queue. So, you will get a resell value here. If you want to invest in the form of real estate, a reputed builder is the only option for you.

6. Post-sales service in real estate builders & construction companies:

Real estate property is not a short thing. The relationship between the buyer and builder does not just end after the buying. You will need much support from the builder even after closing the deal. This includes addressing any issues that may arise after possession and ensuring the sustained quality of the property. Almost all the reputed builders gain their reputation by providing the best possible experience to their customers which includes the post-sales services. Choosing a reputed builder will help you to have a smooth deal and a good experience for a lifetime.

7. Community development becomes an easy thing:

We can’t live alone. We need a community to live & to grow. Reputable builders create environments that encourage a sense of community and contribute to its development. Their developments incorporate parks, schools, and other community amenities to give inhabitants a lively and satisfying place to live. For example, Realtech Nirman is making several projects in the Newtown area. Well, this area is already developed and the continuous housing complexes are helping to grow the area. Famous schools and hospitals making their branches here to expand their market.

8. Help in living an eco-friendly life:

Living an eco-friendly life is a necessity now. It not only helps to save our health but also saves money in many ways and reputed builders work hard to provide that. From energy-efficient appliances to eco-friendly construction practices, reputed builders prioritize the well-being of both the homeowner and the planet.

9. Easy home loans for developers and builders:

Most of us have a lot of dreams related to home buying and many times we need home loans to fulfill these dreams. However, if the project/housing does not have all the legal papers or fails to get all the approvals of the respected authorities, you will not be able to get a home loan. Dealing with a reputed builder can ease the concerns on finance as these builders have a well-established relationship with banks making it easier for homebuyers to secure loans with favorable terms and conditions. On the other hand, as they follow all the legalities, getting a home loan becomes much easier.

10. Architecture of real estate developer:

Making housing is not just about making buildings. It has a lot of dreams related to it and a reputed builder knows about it pretty well. So, they focus on making those dreams come true through their architecture & design. They hire renowned architects for this purpose. Buyers can expect modern amenities, thoughtful layouts, and cutting-edge design elements that enhance the overall living experience.

 

Some common FAQs:

Do reputed property developers charge an extra amount for flats/homes than others?

Sometimes, the charges of the reputed builders are a little extra than any random builder. However, you need to understand that this extra charge is not for their experience. They buy the best quality materials for construction and also invest a lot in design, architecture, position, and so on. So, they charge a little more than any random builders. You can consider this extra charge as an investment for your future.

How can I find reputed real estate developers near me?

You can search for it on the Internet. However, after getting the name, you need to check their social media profiles and customer reviews to recheck their reputation. You can also ask the previous buyers directly for more assurance.

For how many years has Realtech Nirman been serving this industry?

Realtech Nirman has been serving this industry for a decade now with a reputation.

Does Realtech Nirman have a website?

Yes, they have. You can search for it on the internet to connect with them.

I have chosen an apartment, how can I check the papers of it?

Before buying a flat, you should look for papers such as an encumbrance certificate, occupancy certificate, sale deed, title deed, sale agreement, No Objection Certificate, building plan, tax returns, power of attorney, property tax receipts, Khata certificate, completion certificate, mutation, possession letter, allotment letter, commencement certificate, NOC from bank, payment receipts, possession certificate, property card, bank statements, investment statements, land conversion certificate & mother deed. However, it is just an overview. You must take the help of a professional lawyer to do this accurately.

How can I get a home loan?

Well, banks have their different criteria for this. You need to check those all. However, if the property has clear papers, it will not take much time for you.

Does a flat in Newtown cost too much?

You can get a 2 BHK flat in Newtown for 24 lakhs onwards only. You can connect with Realtech Nirman for this purpose.

Do the reputed builders cause delays in handing over projects?

Usually, no. they work hard to meet the expectations of the consumers. At the same time, they all register their projects under RERA. so, they can’t make a delay and if they do so, they have to pay a fine. However, many times there are some unforeseen situations that can cause a delay in project handover.

 

Final words: Buying a home is a lifetime decision and do not go for some random builders to save a little amount of money. Invest in your future by hiring a reputed builder and do not forget to check all the papers. Happy home buying folks.