Dream Home in Lucknow with Paarth Infrabuild

Purchasing a residential apartment has become one of the most complicated tasks; there are a lot of things we need to consider before buying a house. The primary & most critical factor is the right location. If you purchase a property where the rates are not expected to grow, then, in that case, the investment would not be a wise choice. Lucknow, being the capital Uttar Pradesh, is developing tremendously and is the right place to invest for your dream home. Lucknow is witnessing growths extending from transit corridors to increasing IT sector, and it’s because of these developments, the real estate sector is changing significantly.

Well before buying a Residential Property, we all have a clear vision on how our dream home should look like, and we believe you should never compromise on your dream home. Paarth Infrabuild, a leading name in the real estate sector, offers you a home that matches accurately with your dream home.  Paarth Infrabuild, to level up with your prospects and to facilitate a luxurious way of living, has constructed its properties using appropriate elements to provide quality construction material, excellent architecture, modern comforts, fresh green environment, and much more.

Paarth Infrabuild has its apartments at excellent locations in the city of Lucknow and has many routine services in the area of its projects and social infrastructure nearby. Before Paarth Infrabuild was commercialized, purchasing a house was a very challenging task. After the development of Paarth-Infrabuild, the struggle of finding a new house has disappeared.

Paarth Infrabuild has four main construction properties which are ideal for every customer who’s looking for a dream house. These four properties are:

  • Paarth Republic: This property is not just a portion of 80 acres (1 acre = 4047 sq mt), it is a revolution in the Real Estate sector. Being situated at the main Lucknow-Kanpur Expressway makes it even more favorable for all the buyers.
  • Paarth Arka: Paarth Arka is situated at Lucknow’s Shaheed Path, and is designed with superior quality products to give you the best experience.
  • Paarth Adyant: Located in Gomti Nagar Extension area, occupants of Paarth Aadyant can advantage from moving out of jam-packed areas in the city, without compromising on a modern lifestyle.
  • Paarth NU: It is one of the prime properties by Paarth Infrabuild for all the nature lovers who love to have greenery around their house.

Now, purchasing a dream home would not be time-consuming with Paarth Infrabuild as you get the best location, facilities, designs and of course build with supreme quality material to make your stay happy & safe. For more information,

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India

please visit: https://www.paarthinfra.com/

Advertisements

Infrastructure Development in India

One of the key driver of the Indian economy is infrastructure. Infrastructure is the one of the India’s most propelling and privileged sectors for economic development. This not only holds the major attention from the local government authorities but also have intense focus from Central government that have made several schemes for reforming the Indian infrastructure to a world-class developed infrastructure.

Infrastructure is not just limited to the Urban Development but also to the construction of dams, bridges, power, land parts etc.

According to the World Bank logistics performance index of 2016, India ranked 35th among the 163 countries performing a whooping jump of 19 steps in just 5 years.

Now talking about the market size of infrastructure India received 24.87 billion US dollars from April 2000 to June 2018 for construction development sector (housing, township, construction development projects and built up infrastructure) as foreign direct investment. This data was accumulated and estimated by the department of industrial policy and promotion. The Indian logistics sector is expected to reach at 215 billion US dollars by the year 2019 to 2020 as seeing the growth of 10% annually in the sector.

I like various other developed countries Indians also started getting attention from International investors for infrastructure space and expected to get an investment of worth Rupees 80 trillion by the end of 2025. However as per the government statutory bodies in the particular field of infrastructure estimates that India may require a network of around 50 Billion Rupees by the end of 2022 to maintain its sustainable development. Funky notable investments that are likely to be done are like listed below

The Asia infrastructure Development Bank announced in June 2018 that it would be investing in National investment and infrastructure fund where the investment may be up to 200 billion US dollars.

The investments made by private equity and venture capital investment made a mark up to 3.4 billion US dollars by the first half of 2018, in infrastructure in real estate.

There were 91 MN day deals made in 2017 witnessed by Indian infrastructure sector of earth around 5.4 billion US dollars.

Indian government is also taking various initiatives it is expected that it will invest highly in the infrastructure development especially in the role of public convenience like, construction of roads, construction of bridges, special routes, artificial beauty bodies etc.

There were also various other initiatives and policies made that were notable in the union budget of 2018 to 2019 presented by the government of India in the parliament. Some of those announcements made as listed below.

  1. Allocating a huge sum of 5.97 lakh crore to the infrastructure sector giving it a massive push.
  2. The Smart City system may also receive a whooping sum of 2.05 lakh crore for its development.
  3. Lavish cut of 1.48 trillion rupees was made by the Railways which also made it one of the highest invested infrastructural sector

The government is also making plans to get in bed with various Japanese infrastructural companies in order to improve the infrastructure criteria and get an outsourced knowledge from one of the owners and infrastructure development. This upset goes to various other and projected development such as creating and Highway of 50,000 km and also the aspect for the bullet train

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India

Housing for All | “Sabke liye Ghar”

In the year 2017 for better regulation in the real estate industry, a series of reforms were made like for ensuring transparency in real estate sector RERA was introduced which made the developers to disclose their timelines for their building process. The other massive change was introducing the GST bill in the real estate sector which aimed to reform the tax structure by making it more uniform. But none of them were as impactful as Government’s Housing for All scheme. This will make it easier for the weaker section of the societies to acquire safe loans and invest in making their homes.

Pradhan Mantri Awas Yojana (PMAY) is an initiative by the government under the Prime Minister Narendra Modi under which housing will be provided to urban poor with a target of building 20 million houses by 31st March 2022. Under PMAY, it is planned to build 2 crore houses for urban poor including Economically Weaker Sections (EWS) and Low Income Groups (LIG) in urban areas by the year 2022 through a financial assistance of ₹2 trillion (US$30 billion) from central government.

It has two components:

  1. Pradhan Mantri Awas Yojana (Urban) (PMAY-U) which will target the urban poor.
  2. Pradhan Mantri Awas Yojana (Gramin) (PMAY-G) which will target the rural poor.

 

The feature of Pradhan Mantri Awas Yojana is that the government will provide an interest subsidy of 6.5% on housing loans availed by the beneficiaries for a period of 20 years under credit link subsidy scheme(CLSS) from the start of a loan. This scheme will comprise of other schemes that ensure that every house will have a toilet, electricity connection, LPG gas connection, drinking water accessibility, and many more. The houses under PMAY would be constructed through a technology that is eco-friendly and preference will be given to an older person and differently abled person for the allotment of the ground floor.

 

This scheme is comprised of three phases:

Phase 1 – (April 2015 to March 2017) to cover 100 cities.

Phase 2 – (April 2017 to March 2019) to cover additional 200 cities.

Phase 3 – (April 2019 to March 2022) to cover remaining cities.

 

Private contributors such IIFL home loans have been helping the beneficiaries to avail government subsidies. ICICI bank also giving subsidies to the eligible people for the scheme. AU Housing Finance Limited has also been giving subsidies under the scheme.

 

Conditions for PMAY:

  1. Maximum age limit is 70 years.
  2. Economically Weaker Sections (EWS) annual income should be less than 3 lakh
    Low Income Groups (LIG) annual income between 3 lakh – 6 lakh.
  3. The beneficiary should not have any dwelling unit on the name of any family members in any part of India.

Under this scheme, the houses will be owned by females or jointly by the males. This will help to increase the women empowerment in India.

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India