Where can one buy independent house for under INR 30 lakhs in Noida or Noida Extension

Where can one buy independent house for under INR 30 lakhs in Noida or Noida Extension:-

Selection of Area to Purchase Home:-

First of all when we are going to purchase home, we should think about the location where industries and companies should be well connected. One more thing if we choose an options where infrastructure of city is in primary stage, it would be beneficial for home buyers in field of prices. At such places or city the middle class of people can afford their homes.  Now I am discussing about 

Noida and Greater Noida or Noida Extension where the infrastructure development is going on fast growing phase. Here in these cities  or places many good options for affordable properties. 

In Noida Extension many project are developing high-rise apartments for low class or middle class of segment of people. one more project Harsh Vihar Noida Extension is also developing affordable independent villa at the prime location.

Here in Harsh Vihar society you can purchase independent villa at very affordable cost.

Though many place of Noida offers many choices for different segments of buyers. If you want to make a worthwhile investment in Noida, then you can consider Noida Extension, Greater Noida West, Sector 76 and 137. These localities offer housing options for an average price of INR 4000 per sq. ft. Similarly there are a few other localities you can look at, including Sector 73, 50, 61, 92 and 93. These regions have low entry points and are developing at a fast pace too. Top builders have invested in multi-storeyed apartment projects in the region and are transforming the Noida skyline. But there are no options available for independent villa beyond the Harsh Vihar Noida Extension.

Affordable Villa at Never Beaten Prices:

Why you purchase apartment? when you are getting villa at lower price as comparable:

The present time is most favorable for new home buyers due to many market factors such as RERA; a new regulatory authority on real estate builders and brokers. Various economic reforms of Indian Government the rate of interest has reduced. The assurance of timely possession by the various builders so we can say the present time is favorable to home buyers.

At this time we want to introduce a project namely Harsh Vihar Noida Extension  in which small sizes of plots are existing and the builder is developing Villa with ground floor developed so the buyer can expend his/her independent villa according to need.

The most beneficial point is that these Harsh Vihar Villas are in small sizes for example range start from 57 SQyd. so you can purchase it only for 20 lakh. Just imagine that the cost is very low and you are going to be owner of an independent villa in Noida Extension which is the well connected part of NCR, because here in this locality there are many prestigious builders are developing their project.

The infrastructural development is also is the world class, the metro will connect soon these places, An educational hub already developed in KP 1 to 5 in Greater Noida. The schools, park, are already functional at the close vicinity of Harsh Vihar Noida Extension.  

Real Estate Marketing is on a Progress

Real Estate Marketing is on a Progress :-

At present time there many positive factors in behind to improve the Real Estate for reference RERA is one of them. The new launched projects having a good inventory to buyers having more choice. The buyer can choose units freedom fully in wide range of fresh inventories in various projects. At present time a project is developing in Noida Extension namely Harsh Vihar Noida Extension.  


The second points for better position of Real Estate market is reduce of interest rate on home loan. After the demonetization and various reform in finance field the banks have reduced their rate of interest on home loan. Now many lower class and middle class of people are able to avail the home loan. by these above discussed facts the faith has increased in between buyers of Real Estate projects.

Another fact that the government of India has announced a subsidy  on home loan so this scheme comes under Pradhanmantri Awas Yojna. The first time buyer can avail it on the first purchase of home.

The suggested project in fresh booking is Harsh Vihar Noida Extension in the segment of affordable housing society. In this project individual villas in expendable form would be developed.

These Harsh Vihar Villas are in various ranges of sizes in form of 2 BHK with wide internal roads.

Buyer literacy must for RERA's success: Experts

The Real Estate Regulatory Authority (RERA) Act will empower people, but citizens' participation and awareness is key to make it a success, realty experts said on Sunday.

They were speaking at an event organised by citizens' forum Sajag Nagrik Manch.

"Citizens will have to take a lead in ensuring RERA's effective implementation. They should be educated about the rights that buyers have in the Act," lawyer Hemant Bhopatkar said.

With the RERA Act in place, citizens can raise grievances against estate agents, chief promoters, developers and others associated with the projects. The Act even has the power to cancel an entire project if a major discrepancy is found, he said.

"The Act has made it mandatory to provide various certificates for availing of loans. Certificates from architects, chartered accountants and engineers will have to be taken before getting a green signal for the project. Buyers must look at ..

Suggested Projects: Harsh Vihar Noida Extension 

Buying Property: Points Should be Keeping in Mind

Buying Property: Points Should be Keeping in Mind:

Recently I met one of my old friends, who had invested in a residential project in Greater Noida. During the discussion, I asked him about the likely date of possession for his apartment, in which he had invested three years back. It was shocking to learn that he was still awaiting possession for the past 2 years even though having made 100% payment.

In his words, “I bought the house in 60:40 plan where I had to pay 60% while making the down payment and remaining 40% at the time of possession. I made down payment by taking a home loan for which I had to pay half EMI till possession. Just to check the construction process, I once visited the site and to my surprise, it was still in the initial phase. After a few months, I got a notice from the builder asking for remaining 40% money to take possession. I was given just 15 days time to make remaining payment if I wanted possession. When I thought of the construction status I checked last time, I was a bit doubtful, but I had no option than to make the payment.”

He further added, “Anyhow I made the entire payment, after which, my complete EMI also started. The builder also demanded maintenance cost of the first year. But where is the possession of my house; in my dreams!”

 This is not the case of just my friend. There are a large number of investors who fall prey to the tricks played by the builders in India. Whether you are investing in a ready-to-move-in home or an under-construction property in India, builders and agents play different games to befool investors. Over years, builders have come up with new tactics and innovative fraud techniques to take innocent investors for a ride.

With the increased incidents of frauds in Indian real estate market, it is high time that these are discussed and delineated carefully. Here are some common tricks used by the builders from which you should safeguard yourself.

Possession of the Apartment

Most of the builders don’t mention possession date in the agreement. They just mention, “Completion of the building is expected to be delivered by the date mentioned in the covering letter of this allotment. The delivery of the possession is subject to force majeure.” This directly says that no action can be taken against the builder if he doesn’t hand over possession of the project on given date.

In most of the cases where builders make delays, buyers put up with the delay quietly just to avoid the retribution, harassment and further delays by the builder. Further, there is no mention of any penalty or consequences for the builder. The agreement papers are in favor of builders.

What to do?

Don’t just relax on confirming the construction status with the builder. Visit the construction site often and start pressurizing the builder in case of delays. As it can be difficult to pressurize the builder alone, make a society of all the buyers and go together.

Artificial Scarcity

Have you ever got a paper from the builders saying that 90% of their units have already been sold and just 10% are left? Or with limited time offers on Diwali or New Year, where you get just 10 days’ time to book the property? These are just marketing gimmicks used by the builders to create a fake emergency. Buyers who are interested in the project feel left behind and make a decision in hurry.

What to do?

Most of the times, this is artificial scarcity just to push the buyers. Ask the builder for time to think, to do verification and make an informed decision. You can talk to different agents about the available units in the same residential project to get a real picture. If they are using tricks, the number told by them will be different.

So suggested project is Harsh Vihar Noida Extension in this project individual homes are developing by the builder and only ground floor would be developed after that you can expend according to your need. Harsh Vihar Villas are full of amenities and with best connectivity.

RERA spreads positive vibes

Stakeholders are unanimous that RERA would be very good for existing projects that are nearing completion, as customers would repose faith on projects registered with RERA even as banks, too, would be more forthcoming in funding them

The Real Estate (Regulation and Development) Act affords one more chance to the developers of delayed projects to regularize them and set a new deadline to complete and deliver them.Vini Mahajan, additional chief secretary in the department of housing and urban development of Punjab, the interim regulator under the real estate act, said that existing buyers will get respite under RERA.
Anthony De Sa, chairman of MP RERA (Real Estate Regulatory Authority), said that while registering existing projects with RERA, developers can set their own deadline to complete them, but that the deadline should be reasonable.
Anthony de Sa said that if a developer were to ask for four more years to complete a project launched eight years ago while now registering it with RERA, it would not be granted. While there would be no hard and fast rule in fixing a new deadline, existing conditions and the stage of implementation of a project would be considered while fixing the new timeline.
Dilbag Singh Sihag, member of Haryana's RERA committee and chief town planner of the state, said that if a developer genuinely tried to complete a project but could not owing to issues beyond his control, then RERA would take a lenient view. But, if the delay was owing to some ulterior motive, the regulator would come down heavily on the developer, Sihag said.
Anthony De Sa said that the authority would give a reasonable time to the developers of projects under construction to complete them and that a mechanism would be developed to assess this time frame.
But, once a developer gives a new deadline to complete his delayed project and is unable to do so within that period, the regulator would take a harsh view, Sihag said. In such situation, builders would either have to return the money to buyers with interest or face consequences which include even a jail term.
Several regulatory heads, already appointed, are of the view that RERA would first facilitate the completion of delayed project so that all buyers are satisfied and that the regulators would take stern action only if the developers do not exert themselves in achieving this goal.
In existing projects, the new deadline fixed by the regulator while registering them would be important and action would be taken if the developers default even on the new time frame in completing those projects.
Existing projects have to apply for registration with the respective state RERAs by July 31. The regulator would then consider each one of them and see if they are fit for registration, and the whole process might take around a month for a final decision.
“So far, 14 states and Union territories have implemented this law. There are another 14 states which are in the process of notifying the rules. We hope that they will do it soon, said Rajiv Ranjan Mishra, joint secretary of the housing ministry at a conference organized by FICCI, Grant Thornton, and Khaitan & Co.
A Union government official said that RERA should be in place by the next one month and that the transition to the new system would be smooth. He said that there would be enough time in all the states for existing projects to apply for registration by July 31. In fact, till the time they are denied registration on any ground, developers are free to advertise and market existing projects, the official said.
RERA is a god-send opportunity for developers of existing projects as, once they are registered with it, the chances of completion increase manyfold. This would increase the buyers' confidence in those projects and, therefore, registration of a project with RERA would add to its value and make it easier for a developer to market it.
Many good developers are in fact waiting for RERA to be notified in their respective states so that they may register their projects. Getamber Anand, president of Credai, said that after a project is registered with RERA, buyers would find it more dependable to invest. At the same time, banks would be more forthcoming in funding those projects.

Source: TOI 6th May 2017
Suggested Project Harsh Vihar Noida Extension

मकान खरीदारों के लिए सबसे बड़ी राहत, लागू हुआ रियल एस्टेट कानून 'रेरा'

अगर आप घर खरीदने का मन बना रहे हैं, लेकिन बिल्डरों द्वारा प्रोजेक्ट लेट किए जाने की आशंका से डरे हुए हैं तो आपके लिए राहत की खबर है. एक मई से बहुप्रतीक्षित रियल एस्टेट एक्ट(RERA) यानी रेरा लागू हो रहा है. बिल्डरों की मनमानी से निजात दिलाने और बॉयर्स को शोषण से बचाने का ये क्रांतिकारी कानून पिछले साल मार्च में संसद में पास हुआ था और सोमवार यानी एक मई से ये लागू हो गया है. कानून लागू होने के बाद बिल्डर किसी भी हालत में खरीददार से धोखाधड़ी नहीं कर सकेगा. नियम तोड़ने पर बिल्डर को तीन साल तक की जेल हो सकती है.

नए प्रावधानों के अनुसार सभी बिल्डरों को जुलाई आखिर तक पहले से चल रहे और नए आवासीय प्रोजेक्ट को रीयल एस्टेट अथॉरिटी में पंजीकरण कराना होगा. वहीं, हर प्रोजेक्ट का अथॉरिटी से सेक्शन प्लान और लेआउट प्लान अपनी वेबसाइट के साथ सभी कार्यालयों की साइट्स पर छह वर्ग फीट के बोर्ड पर लगाना होगा.

धांधली करने पर हो सकती है 3 साल की जेल

घर खरीदारों की सबसे बड़ी शिकायत यही रहती है कि उनसे जिन सुविधाओं की बात बिल्डर ने की थी वह नहीं मिली. प्रोजेक्ट का लेआउट व अन्य चीजें बीच में बिना उनकी सहमति से बदल दी जाती हैं लेकिन रेरा के तहत अगर बिल्‍डर प्रोजेक्‍ट के ब्रौशर और विज्ञापन में किए गए वादे पूरा नहीं करता तो उसे 3 से 5 साल तक की जेल हो सकती है. बिल्‍डर अगर कोई अन्य धांधली करता है जिससे पांच साल के भीतर उसपर कोई जुर्माना लगाया जाता है तो उसका वहन बिल्डर को ही करना होगा न कि खरीदारों को.

खरीदारों को होगा ये फायदा

रेरा से डेवलेपरों को बहुत फायदा होगा जैसे-डेवलेपरों के वो सभी प्रोजेक्ट जो अभी अंडर कंस्ट्रक्शन हैं या जिन्हें कंपलीशन सर्टिफिकेट नहीं मिला है या फिर जो नए प्रोजेक्ट लांच होने वाले हैं उन सबको तीन महीने के अंदर नियामक प्राधिकरण में रजिस्टर्ड कराना होगा. राज्यों के लिए ये जरूरी है कि वे इसके तहत प्राधिकरण गठित करें. सभी रजिस्टर्ड प्रोजेक्ट का पूर्ण विवरण प्राधिकरण के पास होगा, जिसमें प्रमोटर, परियोजना, ले-आउट, योजना, भूमि की स्थिति, समझौते, रियल एस्‍टेट एजेंट, ठेकेदार, इंजीनियरों आदि के बारे में विस्‍तृत जानकारी होगी. प्रोजेक्ट कब पूरा होगा इसकी तारीख भी देनी होगी.

13 राज्यों में रेरा को हरी झंडी
रेरा की सभी 92 धाराएं एक मई से प्रभावी हो जाएंगी. हालांकि केवल 13 राज्यों एवं केंद्रशासित प्रदेशों ने ही अबतक इसके नियम अधिसूचित किए हैं. इनमें उत्तर प्रदेश, गुजरात, ओडिशा, आंध्र प्रदेश, महाराष्ट्र, मध्य प्रदेश, बिहार, अंडमान निकोबार द्वीपसमूह, चंडीगढ़, दादर और नागर हवेली, दमनदीव, लक्षद्वीप आदि ने नियम अधिसूचित किए हैं.

भारत का रियल एस्टेट मार्केट

भारत में रियल एस्टेट कारोबार की बात करें तो देश में 76 हजार रियल एस्टेट कंपनियां हैं. हर साल 10 लाख लोग मकान खरीदते हैं. एक अनुमान के मुताबिक, 2011-15 में हर साल 2,349 से 4,488 प्रॉजेक्ट लॉन्च हुए और 2011-15 में 13.70 लाख करोड़ का निवेश हुआ. वहीं, 2011-15 में 27 शहरों में 17,526 प्रॉजेक्ट लॉन्च किए गए.

एक्ट की खास बातें:
– तीन महीने के भीतर नए और पुराने का अथारिटी में पंजीकरण होगा.

– तयशुदा नियमों के अनुसार प्रोजेक्ट पर होगा काम, खरीददार और बिल्डर के बीच गलतफहमी नहीं होगी.

– नया प्रोजेक्ट शुरू करते वक्त खरीददारों से इकट्ठा की गई राशि का 70 फीसदी अलग बैंक अकाउंट में रखना होगा. वहीं, पुराने प्रोजेक्ट की बची राशि के 70 फीसदी का कोष बनेगा.

– पांच साल तक फ्लैट के रख-रखाव का जिम्मा डेवलपर के पास होगा.

– रेगुलरिटी अथॉरिटी या अपीलीय प्राधिकरण को आदेश का उल्लंघन करने पर डेवलपर को तीन साल और एजेंट या खरीददार को एक साल जेल की सजा हो सकती है.

– बिल्डर व खरीददार की ब्याज दर एबीआई के सीमांत लागत पर देय होगी. किसी भी हालत में देरी होने पर 2 फीसदी अतिरिक्त देना होगा.

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