X

Still confused? Let our advisors assist you!


















    Categories
    Affordable Flats in Kolkata Flats in Newtown Kolkata Flats in Rajarhat

    Why It Is the Right Time to Buy Affordable Flats in Kolkata

    Stocks, cryptocurrencies, and nearly all other financial assets have seen significant price erosion.

    Inflation, rising quickly and alarmingly, eroding people’s purchasing power. Bank fixed deposits, and other fixed-income instruments fall short of mitigating the effects of inflation.

    To date, central banks around the world have responded by raising interest rates, as was seen with the repo rate hike, but this is raising concerns about slow economic growth or even recession because the economies are still dealing with a number of issues. Fears of a recession are extremely important in some economies, such as the United States.

    However, you, as an Indian investor, can benefit from all of these by exploiting such negatives to your advantage and going on to purchase affordable flats in Kolkata.

     

    Good News for NRIs: Affordable Flats in Kolkata

    According to data, the number of NRI customers looking to buy property in India increased by 117.7% between January and June 2022 when compared to the same period in 2020.

    For NRI investors, the decline of the rupee appears to be sufficient motivation. For NRI investors, buying real estate has always been a popular option. They are using their increased purchasing power to invest in real estate because the currency’s depreciation gives them a better return on their capital.

    So, if you’re stationed outside the country, this is great news. Investing in Indian real estate can indeed turn out to be an excellent proposition, especially some of the top-notch 2 BHK flats in Rajarhat, Newtown

     

     Why It Is the Right Time to Buy Affordable Flats in Kolkata

    Why Invest In Indian Real Estate?

    On the other hand, despite several relatively lean years over the last decade, India’s real estate market has grown rapidly. According to industry indices, real estate prices in the country rose by roughly 70% in absolute terms between June 2012 and June 2017. Following the blip caused by the pandemic, a recent Reuters poll predicts that this momentum will last for the next few years, with residential unit prices expected to rise 7.5% in 2022 and roughly 6% in 2023 and 2024.

    These figures should excite you as an investor because adding a property in India to your portfolio provides you with a tangible asset that is safer, appreciates in value over time, and recoups a portion of your initial investment through monthly rent payments.

    There are several reasons why property demand in India is booming. First and foremost, an increasing number of people want to buy or lease homes because they believe it is a good investment opportunity. Furthermore, the Indian economy has been expanding rapidly for many years, resulting in rising wages and increased consumer spending power.

    Furthermore, the cost of living in Kolkata, coupled with the advantages some of the premium and posh locations provide in Kolkata, make for a compelling proposition.

     

    Why Is 2022 A Good Year to Start?

    In 2022, there are several reasons to invest in Indian real estate. For starters, the market is still young, and there is plenty of room for expansion. Second, India’s expanding middle class is looking for low-cost housing options that meet their requirements. Finally, the government has announced several initiatives to assist the real estate sector, such as increasing credit availability and improving infrastructure. So, whether you’re an individual investor or a company looking to enter the Indian market, now is a good time to consider investing in real estate in India.

     

    Avaasa’s Affordable Housing in New Town 

    Ideal homes aren’t just a pipe dream. Investment properties in Rajarhat can be chosen randomly, but this does not guarantee a wise investment decision. On the other hand, your future is secure, which can be attributed to Orchard Avaasa’s trust and assurance. Apart from its well-thought-out living spaces, cutting-edge amenities, and diverse range of entertainment options for everyone, affordable housing options by Avaasa in Newtown also offers excellent value for money.

    Orchard Avaasa in Kolkata’s Rajarhat district is more than just an apartment.

    It is the pinnacle of modern paradise.

     

    Citations:

    https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-crash-continues/

    Categories
    Flats in Newtown Kolkata Flats in Rajarhat Real Estate

    Why Property Survey For Rajarhat Flats Before Investing

    Even though buying land and investing in property is something that we all would like to do before we retire, no one wants to spend exorbitant amounts simply based on the property’s merit in terms of the amenities and interior space management. However, things like location perks and the availability of essential stores, hospitals and educational institutes in close proximity matter when it comes to deciding on the most suitable apartments and flats in Rajarhat.

     

    Why Is A Residential Property Survey Necessary ?

    The boundaries and legal description of a property are confirmed by a property survey. It also determines whether the property has any other restrictions or easements. Although you technically have the option to have your property surveyed whenever you want, confirming your land’s boundaries is a crucial step in the home-buying process for the best apartment complexes.

    Property surveys are not legally required and are not required by all mortgage lenders. A survey can be ordered at any time, but it is especially important when purchasing flats or building a new home in Rajarhat.

     

    How Relevant A Step Is Property Survey In Buying Rajarhat Flats ?

    A property survey is an important step in the home-buying process. It usually includes a walkthrough of the property to identify any defects or problems that need to be addressed. It can also help you estimate how much money you will need to spend on repairs or renovations.

    When purchasing a home, a proper survey can also help you understand your legal rights and potential obligations. For instance, if the property has any liens, this information should be included in your report so that you are aware before accepting an offer. Finally, a thorough survey will reveal any potential zonal changes that may affect your use or ownership of the property.

     

    Types of Property Survey

    Real Estate Lines

    Although it may seem obvious, knowing exactly where your property lines are as far as the law is concerned can make or break your experience as a homeowner. You can confidently build or expand your home and prevent encroachments—property disputes with your neighbours—by clearing up any doubt or grey areas.

    Easements

    Any easements on the property you want to purchase will be made known by a property survey. A situation where you might have to share access to a portion of your property is called an easement.

    Elevation Height

    Topographical surveys delve more deeply into the property’s features, contours, and elevation. In order to determine the appropriate flood insurance premium rates, this type of survey will include the precise elevation of your property, the type of buildings, and the location on the flood map.

    Why Property Survey For Rajarhat Flats before investing (1)

     

    Conclusion

    Upcoming residential complexes are in the pipeline in Rajarhat, Newtown, Kolkata where ordering property surveys could be crucial for prospective homebuyers. Orchard Avaasa is one of the most promising apartment complex to have been made in the past couple of years by a long stretch that offers all the advantages you want from such surveys.

    In a G +13 suite, with amenities such as a badminton court, reflexology, barbeque centre, adda pavilion, party lawn, yoga deck and an open library, it is arguably the best apartment complex in Kolkata in the heart of Rajarhat.

    On top of this, the main USP is Avaasa’s flagship Skydeck – where you get the chance to take part in a variety of activities while the night sky is filled with stars and treasure the special memories you make with your loved ones.

    Last but not the least, Avaasa also hosts the Skyplex, where you can host a gathering of friends or spend quiet moments with your loved ones while watching a movie in the company of the sparkling sky and cityscape.

    Categories
    Flats in Newtown Kolkata Interior Design Real Estate

    How To Make Your Apartment in Rajarhat Environment-Friendly

    Making your apartment in Rajarhat interior environmentally friendly can be a daunting task, but it is certainly doable. In Kolkata, you can make your 2, 3 BHK flats’ living spaces more inviting and comfortable by using some simple tips and tricks.

     

    Aesthetic Yet Eco-friendly

    One of the most important things to do is to create an atmosphere that suits your tastes. Using fresh flowers or herbs in vases, installing natural drapes or fabric covers on windows and doors, adding soothing colours like blue or green, or lighting candles liberally for a cosy atmosphere are all examples of ways to achieve this. However, these are just aesthetical aspects where you can choose an eco-friendly route.  

     

    Choosing Eco-friendly Material

    Non-toxic paint, furniture made from natural or recycled materials, and curtains made from sustainable fabrics are all excellent choices. Additionally, install energy-saving features such as low-voltage lighting and ceiling fans that rotate rather than turning on and off repeatedly. Use an energy-efficient light bulb to reduce your electricity usage even further. If you want to make your house eco-friendly, it is one of the most crucial things to do. The more energy-efficient CFLs are preferable to the older incandescent bulbs. However, using LED lights is the best option which is widely used in the Avaasa apartments in Rajarhat.

     

    Mindful Usage Of Non-Renewable Resources Like Water

    Although the term “sustainability” often connotes a connection to energy use, this is not always the case. Being eco-friendly entails adopting a holistic strategy, which should begin with water conservation. Groundwater is primarily used in residential apartments. However, groundwater levels are rapidly dropping in Kolkata, worrying the populace and the government. Check to see if there are any leaks. If you find one, fix it right away. Make changes to your way of life that will conserve water. For instance, mindfully closing the tap while washing dishes can positively impact the environment. A low-flow showerhead can also be installed, which can save a family of four up to 160,000 litres of water annually.

     

    How To Make Your Apartment in Rajarhat Environment-Friendly

    Go Green with Organic Cleaning Products

    The majority of cleaning products on the market today contain chemicals that are bad for the environment. When you wash them away, you eventually add them to the water supply. Ideally, it means that it will take more time for the water to be purified before it can be used again. But for regular cleaning, natural products like vinegar, citric acid, and bicarbonate of soda can be used very effectively in place of corrosive chemicals.

     

    Solar Panels: The Eco-friendly Measure the World Needs

    Solar panels are the need of the hour for an eco-friendly home. They can produce enough clean energy to power reasonably sized homes. Undoubtedly a long-term investment, solar panels typically need to be replaced after 20 years, depending on where you live. You can install solar panels on your roof living in your Rajarhat apartments. Additionally, if you live in an apartment building, you can mount one or two panels vertically on your balcony.

     

    Avaasa: The Top Eco-friendly Choice

    The prestigious Oswal Group’s Orchard Avaasa’s 2 & 3 BHK flats in Kolkata are all IGBC Certified Green Buildings. It strikes a balance between well-known, established practices and emerging concepts, and it is founded on well-accepted energy and environmental principles. Avaasa’s apartments in Rajarhat adhere to this system, which is based on the efficient use of site resources, water conservation, energy efficiency, waste management, optimal material utilization, and design for healthy, comfortable, and environmentally friendly homes. 

    Choose eco-friendly measures; choose Avaasa.

    Categories
    Affordable Flats in Kolkata Flats in Newtown Kolkata Real Estate

    Live in Rajarhat Flats with Fast Access to Everything You Need!

    Unlike anything else, the residential scene in Kolkata has experienced a significant upsurge in recent years. Major portions of the city’s growth have been in the residential sector, which has improved particularly. Kolkata is no different from other major cities in this regard since south Kolkata is regarded as the poshest region. However, north Kolkata is catching really fast. In recent years, it has flourished by leaps and bounds and has become a hotspot for home buyers who are looking for the best experience of city life. Rajarhat, located on the northern outskirts of Kolkata, has become one of the best places to book apartments. Let’s see what makes Rajarhat in such demand.

     

    Affluence in Affordability

    We put most of our lives into saving money in order to purchase a long-term investment like a home. An apartment in Kolkata’s New Town not only promises a better lifestyle but also one at a lower cost. Homes in this area, whether they be luxurious apartments or reasonably priced homes, are designed with the budgets of people from all walks of life in mind.

    You can purchase a luxurious 3 BHK flat with an average size of 1200 square feet for 85-90 lakhs approximately. High-quality 3 BHK flats are for sale in Newtown and are available in 73 lakhs in top residential projects like Orchard Avaasa. Therefore, if you’re looking for flats in Kolkata under 75 lakhs, Orchard Avaasa can be the ideal option for your dream home.

     

    Educational Hub

    Another striking feature that enhances New Town’s beauty is the presence of reputable universities and schools. Education is always a top priority for families, and living in New Town flats in Rajarhat, Kolkata, gives you quick access to some of the best academic institutions. Here’s a compiled list:

     

    • Delhi Public School
    • New Town School
    • St. Xavier’s University
    • Presidency University
    • Derozio Memorial College
    • Amity University, etc.

    Reputed Real Estate Builders

    When an opportunity presents itself, everyone tries to seize it. The best real estate developers have done just that. Homes here reflect the same features as those in the central areas, making it easy to distinguish flats for sale in New Town from other areas of Kolkata. Some, like Orchard Avaasa by Oswal Group, even have a Skywalk and Skydeck inside! The best part is that you can have confidence in them because they are well-known and respected in the real estate sector.

     

    Employment Centres

    Imagine having access to Wipro, Infosys, Tech Mahindra, TCS, and Cognizant without having to travel great distances. You can expect that since this area is home to some of Kolkata’s most well-known commercial parks and IT parks. Flats for sale in New Town, Kolkata, put you just 13 minutes from Sector 5, which has never failed to draw attention and offers employment opportunities to thousands. Therefore, its position as a location for your dream home is justified by its status as a top employment hub.

     

    Nearby Medical Facilities

    Last but not least, you can easily locate several healthcare facilities. The names range from Tata Medical Center and Zoom Healthcare to Shankar Nethralaya Eye Hospital and UMRI. For something as vital as medical care, no one should have to travel far. In Kolkata’s New Town, an apartment is a sure way to make this promise.

     

    This collection of elements demonstrates how advantageous it is to own property here. And you can make the most of this coveted location with Orchard Avaasa! So, give your family the perfect life and purchase a home in New Town right away!

     

    Categories
    Affordable Flats in Kolkata Flats in Newtown Kolkata Real Estate

    Why Vastu for Flats in Rajarhat Is Everyone’s Obsession

    Vastu has been part of our five thousand years old history and finds its oldest mention in the Vedas. It is the Hindu science of structure that supposedly holds within the power to block negativity and foster positivity for overall stable well-being. When we talk about Vastu-compliant affordable flats in Rajarhat, Kolkata, we refer to apartments that subscribe to the direction, placement, and other factors surrounding furnishings that protect them by negating the evil effects.

    Reasons Why Vastu Is Essential for Flats in Rajarhat

    Every corner has cosmic energy, which includes both positive and negative energies. To ensure a life of prosperity with minimal negativities, it is imperative to adhere to Vastu guidelines while constructing apartments.

     

    Vastu Tips For Rajarhat Flats

    • An East, North, or North-West facing apartment entrance is regarded as lucky.
    • Deities enshrined in the Northeast corner are required by Vastu for the pooja room in apartments.
    • The property’s southwest corner is the ideal location for the master bedroom. It is associated with prosperity, long life, and good health.
    •  Ideally, the northwest corner of the room should house the guest or kids’ bedroom. It is imperative to stay away from bedrooms facing north or south, as doing so can cause health problems and domestic disputes.
    • The plots of flats with rectangular or square shapes conform to Vastu the best, and in some cases, if built, they will be eligible for A-grade flats.
    • You shouldn’t have the kitchen facing the same way as your front door.
    • Apartments with balconies facing west or south are not thought to be the best places to stay.
    • The best apartments for residential use are those with larger bodies and are facing west or south.

     

    Vastu For Puja Rooms

    The puja rooms must be situated in the northeast corner of the flat which is considered the most auspicious direction for their placement. As far as colours are concerned, neutral colours are considered holy according to the principles of Vastu. Hues of bright yellow, light blue, or white can be used for the walls, while the placement of idols of deities must face the East or West. One must be careful of placements that might attract negative energies. For instance, the south direction is not ideal for puja rooms. The walls must not share washroom or bedroom spaces. It is also advisable not to hang up photos of the deceased in the puja room as it may attract unfavourable energies.

     

    The Role of Vastu in Kitchens

    Vastu for kitchens is crucial to the overall Vastu of apartments. Therefore, it is crucial to confirm that the kitchen is Vastu-compliant before purchasing a flat or apartment.

    One of the five elements of nature that are mentioned in the kitchen is fire (Earth, Water, Air, Space, and Fire). Since they represent cash flow in modern times, proper placement and construction are therefore required. According to Vastu, the South-east corner of a flat is the best place for the kitchen.

    However, if South-east is not an option for you, West, East, North-west, and South are also favourable directions for the kitchen.

     

    Vastu Recommended for Entrances

    The Vastu for flat entrances provides insight into where to place the door to maximize the positivity in a flat or apartment. 

    It is advised to position the front door facing east, north-northeast, and north. 

    The placement of the elevators in front of the main entrance, however, shouldn’t be there.

     

    Orchard Avaasa: The Epitome of Vastu-Compliance

    Orchard Avaasa apartments are crafted by Oswal Group, keeping in mind the health and wellness of our residents. This is why sedulous attention was paid to making these flats Vastu-compliant for taking care of the long-term peace and prosperity of our clients.

    Understanding these guidelines is essential because they improve quality of life, support building a home’s design, and help absorb negative energy. Overall, it contributes to a happy and healthy way of life. Using the right Vastu principles can open the door to a happy and healthy life!

    Therefore, keep these Vastu suggestions in mind as you continue scouting the best affordable flats in Rajarhat, New Town.

    Categories
    Affordable Flats in Kolkata Flats in Newtown Kolkata Kolkata

    How to Calculate the Market Value of Properties in Rajarhat?

    Understanding your rights while investing in a new apartment in Kolkata is just as vital as taking care of legal compliances. You can ensure that you pay the correct price for any new flat or apartment in Kolkata that you desire to purchase by being aware of the market worth of the property. Speaking of market worth, flats in Rajarhat have been the talk of the town for a while now. It’s not a surprise that it is the case owing to the location, commute, and perks of closer entertainment zones that Rajarhat provides. 

    In Rajarhat, purchasing a new flat or property entails a significant amount of paperwork and legal requirements. Additionally, before making an investment, it is important to understand the true market value of a flat or apartment. Here are some fast procedures to help you determine the precise market value of the apartment you want and make the best choice.

    How To Know The WB Registration Market Value Of Flat?

    The following is a step-by-step method to help you determine the market value of your West Bengal land or apartment.

    How to Calculate the Market Value of Properties in Rajarhat 2

    Step 1: Navigate to the WB Registration Website.

     

    Step 2: Choose a Calculator.

    Depending on your needs, choose a suitable calculator from the list of calculators supplied.

    The Market Value of Land, Market Value of Land with Structure, Market Value of Flat or Apartment, Stamp Duty, and Registration Fee are all included in this list. When one of these is chosen, a new page is displayed.

     

    Step 3: Enter Relevant details.

    In the space provided for the flat or apartment of interest, submit accurate information.

    Enter the captcha code and choose “Display Market Value” once the form has all the required information on it.

     

    Step 4: Take Note Of The Flat’s WB Registration Market Value.

    The estimated market worth of the apartment or flat is then shown on your screen.

     

    Properties In Rajarhat: Orchard Avaasa

    For any family in Kolkata, owning a home is a fulfillment of a dream. The most important goal for anybody, regardless of age or region, is to own a home. Even though investing in real estate properties in places like Rajarhat might be an expensive event for many, the investment is well worth it because of the long-term advantages it provides.

    The need for relaxation becomes paramount for hassle-free daily living. Peace of mind is no longer difficult to find here at Orchard Avaasa. You and your family will have many relaxing options thanks to the diversity of amenities such as the Skydeck and Skyplex it offers, among so many. The properties in Rajarhat in Kolkata provide space for all your interests and pastimes, whether swimming in the pool, playing chess, or a workout.

    Allow yourself the freedom to expect the better things in life in the flats in Rajarhat provided by Orchard Avaasa. This is simply because Oswal  Group truly recognizes the demand for absolute excellence in every little aspect. Every effort we’ve made to build a life of comfort at Avaasa ensures that every family gets what they truly deserve.

    Make your way right now into a life where you are the center of attention.

    With a new house from Orchard Avaasa, live a life of unending happiness and bliss!

    Contact us if you want further details.

    Categories
    Flats in Newtown Kolkata Flats in Rajarhat

    Ultimate Guide To Register your Property in Rajarhat, Kolkata

    Registration of real estate is a crucial step in the home-buying process. Unfortunately, registration, in all probability, is the most difficult step in the process of purchasing affordable flats in Kolkata. Even the savviest home buyers can become confused by the paperwork and legalities involved. As a result, it is always advisable to seek out the help of a reputable broker or real estate agent, especially if you’re scouting residential projects in Rajarhat. In order to ensure a simple and hassle-free property registration process, you might also consider hiring an attorney.

     

    Registration Process For Buying Property in Rajarhat, Kolkata

     

    Registration Process For Buying Property in Kolkata

    1. Inspect the Sub-Registrar of Assurances’ Office for Encumbrances: Looking at the title deed or the property’s ownership status, such as any mortgages or liens, can help with this. You should ensure the title deed is registered in the name of the person selling the property and that all necessary paperwork is available for registration. You must examine the following factors while conducting your investigation:
    • The owner’s name must appear on the legal documentation proving ownership. This document is stamped with the Tehsildar’s seal and issued by the Revenue Record Department. The officer in charge of collecting taxes from a tehsil is known as a “Tehsildar” (an administrative division).
    • You must check records going back 30 years to confirm that there were no mortgages or other encumbrances on the property as of the date of purchase.
    • It is advisable to verify that the asset can be transferred and inherited and that the seller has permission to sell it.
    • Ensure that all outstanding taxes, electricity, and water bills have been paid as of the purchase date.
    1. The buyer’s Attorney will Draught the Final Deed: The buyer’s attorney prepares the final sale deed of the property. The document is stamped on green legal paper with the date and location left blank before being handed over for stamping. Although the cost of the attorney varies, it typically amounts to one percent of the property’s value, and the procedure lasts about a week.
    2. Payment of Stamp Duty: In order to stamp the Sale Deed, the buyer must pay the stamp duty at the designated bank or authorized collection center of the Stock Holding Corporation of India. Once the payment has been made, the bank issues a receipt and stamps “stamp duty received” on the first page of the printed Sale Deed. A day is all that it takes to complete this process.
    3. Execution of the Last Deed at the Sub-Registrar of Assurances’ Regional Office: This will need to be done in person at the office of the Sub-Registrar of Assurances under whose jurisdiction the property is located with the presence of the buyer, the seller, and two witnesses. A unique number is given to the paperwork once it has been registered, following the seller, buyer, and witnesses’ signatures on the stamped deed.
    4. Request the Mutation of the Title Deed: When flats for sale, be it Newtown or other places in Kolkata, get sold or transferred, the title ownership changes from one person to another. This is crucial for the property to be registered in the new owner’s name with the Land Revenue Department. Additionally, it enables the government to tax the appropriate owner of their property.

     

    Register Your Dream Lifestyle With Orchard Avaasa

    A home is a place that should make us feel at peace. Our desire to live in a peaceful environment away from the crowds endures even in such trying times that raise the possibility of increases in home loan rates. This is made possible by the low-cost, accessible housing options in Kolkata. This G+13 block acts as a single residential tower for you and your family, offering much-needed relaxation! This is especially true when you consider the signature amenities offered by Avaasa’s flats for sale in Newtown – Skywalk, and Skydeck.

    Affordable quality is possible! You can rely on Orchard Avaasa to make the best choice the first time. So choose wisely now by providing one of these affordable flats in Rajarhat, Kolkata, and enjoy a lifetime of happiness.

    Categories
    Flats in Newtown Kolkata Flats in Rajarhat

    Property Guide Before Buying Flats in Rajarhat, Newtown Area

     

    The outskirts of Kolkata to the north are gradually becoming thriving townships with access to the best residences offering even better amenities. Rajarhat’s Newtown exemplifies such a type of development growth. Given Rajarhat’s recent development, it is understandable that prestigious real estate companies and investors are selecting this area to develop opulent, reasonably priced homes. Additionally, luxury apartments have become more accessible as the development of these apartment buildings has risen. This is why 2/3 BHK flats in Rajarhat are constantly being considered for purchase.

    However, before attempting to buy flats that are for sale in Newtown, let’s look at the following factors before locking in on an apartment in Kolkata –

    Property Guide Before Buying Flats-orchard avaasa image

    Things To Consider Before Deciding on Rajarhat’s 2/3 BHK Flats

    Infrastructure & Location

    Carefully investigate the apartment’s location before going on to purchase. Generally speaking, the location of your apartment should have good access to the city’s heart. In addition, there should be a wide variety of infrastructure, including markets, restaurants, hospitals, and schools.

    Then it would help if you considered the connectivity options — metro, bus, and local train—and the separation from railway and airport terminals.

    Carpet Area of the Apartment

    A property’s area, or the super-build figure of the site, is typically listed as the entire area, including elevator space, stair space, wall thickness, and other factors. However, the actual area is the carpeted area inside the flat walls. This area is perhaps 30% smaller than the area used to evaluate the total space of the room. Therefore, it is wise first to inspect the actual carpet area enclosed within the walls.

    Builder-Buyer Agreement

     You can reserve the apartment or house of your choice by paying a nominal fee; in exchange, you will receive an allotment letter. The balance is then agreed upon in a three-party agreement between the buyer, the bank, and the builder. Before signing, the agreement must be carefully read and comprehended. Each clause must be fully understood, and any ambiguities should be clarified.

    Although purchasing a home is one of the most significant decisions you will ever make, you should keep in mind these guidelines before buying 2/3 BHK flats in Rajarhat.

    Check the Property’s Legal Status

    Ensure that the apartment can legitimately be built on the land on which it is situated. The Area Development Authority, Water Supply and Sewage Board, Electricity Board, and Municipal Corporation must all approve through a No Objection Certificate (NOC). However, the bank in question will verify your property documents if you are applying for a home loan before approving the loan.

    Project Amenities

    Before purchasing a Newtown apartment, it is important to consider the project’s amenities carefully.

    Better home automation and security systems, comfortable clubs, Wi-Fi, health clubs, meditation centers, ATMs, shopping malls, banquet halls, restaurants, and skywalks are all modern-day features of numerous new residential projects.

    The flats for sale in Newtown are a different aspect that many buyers value. Apartments with a view of the central greens or pool are ideally preferable as relaxation or recreational zones.

     

    Avaasa: The Guiding Light to Your Property Buying Goals

    Living conditions in Orchard Avaasa are still superior to those in some other parts of the city. It is the perfect location for accessibility to transportation, proximity to entertainment venues, and first-rate amenities. Avaasa also developed the Skydeck and Skyplex in a world where every second housing development in Kolkata seeks to offer not only better but bigger amenities in terms of space and quantity. They did so because they recognized the value of unwinding after a long day. Even something as simple as relaxing outdoors under the stars might not be the most opulent idea. However, it remains compelling beyond measure.

    Even Oswal provides some other ostentatious features in their 2/3 BHK flats in Rajarhat with the utmost ease in and around Kolkata, but Avaasa offers so much more.

    Avaasa offers so much while keeping prices within reach. This is why they’ve been at the top of the real estate pyramid for so long.

    Rajarhat, Kolkata’s Orchard Avaasa is more than just an apartment building.

    It’s a paradise in the modern city.

    Categories
    Flats in Newtown Flats in Newtown Kolkata Flats in Rajarhat Real Estate

    Reasons to Buy a Property in 2022 When Prices Are Going Up

     

     

    The prices of raw materials are rising every year. The purchasing power of people is largely affected by such inflation. In addition, bank fixed deposits are falling short of mitigating the effects of inflation. However, properties, especially in Rajarhat, remain a good investment under such circumstances.

    Both experts and insiders in the industry believe real estate prices won’t increase quickly because developers are trying to push sales in order to improve their cash flow, inventory levels are high, and new supply is arriving, albeit more slowly.

    Why Has Demand Continued to Rise?

    Following the first wave of Covid-19, the demand for housing increased significantly in the two quarters between October 2020 and March 2021. It benefited from things like builder discounts, a reduction in stamp duty by several state governments, and low-interest rates. Following the second wave of Covid, the pace slowed down in the quarter that ended in June 2021, but it has since picked up again as a result of the economy’s recent expansion, faster vaccination rates, and increased economic activity.

    Is It a Good Time to Buy Property in 2022?

    This is a good time if you have been saving money to buy apartments in Rajarhat, Kolkata. It is conducive to buying since there is a constant supply of flats. In addition, builders are trying to increase sales to improve cash flow. Moreover, interest rates are lucrative at the same time. A greater benefit of a lower interest rate, aside from a lower EMI, is that it broadens a customer’s eligibility. For instance, if you qualify for a loan for which the monthly payment must be at least Rs 50,000, you can borrow up to Rs 60 lakh at an interest rate of 8% and up to Rs 66 lakh at a rate of 6.7 percent.

    Developers are reportedly under stress as a result of an estimated 40% decline in construction activity due to Covid restrictions. Although now is a good time to buy, buyers must focus on finished projects. Builders are forced to give discounts to increase bulk sales, which is good news for potential buyers.

    While purchasing a home for personal use makes sense, doing so as an investment does not. Moreover, given the high inventory levels and the inrush of new inventory, prices might not rise quickly.

    Orchard Avaasa, Reasons to Buy a property in 2022 When Prices are Going Up, apartment in rajarhat kolkata

    Orchard Avaasa: The Best Housing amid Inflation in Kolkata

    The need for affordable yet premium living is here to stay. Prices of raw materials may continue to rise, and prices of real estate may rise ultimately to make up for the price hike in other commodities. However, the legacy of quality left behind by the Oswal group will continue to touch lives because it’s been built with the right intentions.

    Avaasa provides living standards that are still unmatched in some other areas of the city. It is the ideal location for commute connectivity, close proximity to entertainment areas, and top-notch amenities. Moreover, in a world where every second housing project in Kolkata is looking to provide not only better but bigger amenities in terms of space and quantity, Avaasa came up with the Skydeck and Skyplex. This is because they understood the importance of relaxation after a hectic day. And, something as simple as the act of unwinding under the open skies may not be the most luxurious initiative. However, it is far more cathartic than some of the other extravagant features that even Oswal provides in all of their housing projects with utmost ease in and around Kolkata. 

    The biggest takeaway is that Avaasa manages to provide so much while keeping prices within reasonable ranges.

    Orchard Avaasa is more than just an apartment in Rajarhat, Kolkata.

    It’s a modern urban paradise.

     

     

    Categories
    Affordable Flats in Kolkata Flats in Newtown Kolkata Flats in Rajarhat

    News! Repo Rate Hike by RBI Hits Housing Demand

    repo rate hike hits housing demand

     

    Last month, the Reserve Bank of India increased the policy Repo Rate from 4% to 4.4%. In June, the RBI further increased it by 50 basis points, bringing it to 4.9 percent (as it currently stands). However, you must be wondering where this leaves us. How will it affect our financial decisions as we advance?

     

    How Does the Repo Rate Tie to Borrowing Costs?

    When the Repo Rate is raised, the cost of funds for banks rises as well. The Repo Rate is the rate at which banks borrow funds from the Reserve Bank of India. As a result, when the RBI raises the Repo Rate, bank loans for consumers, that is, the cost of borrowing for retail or commercial purposes, and other personal investments in real estate or education also increases. Therefore, banks hike interest rates, as your monthly instalments (EMIs) become more expensive.

     

    What Does a Rate Hike Mean to Your Home Loan EMIs?

    Several house loan lenders, including HDFC, ICICI, Bank of Baroda, RBL, and Federal Bank, hiked their home loan interest rates a day after the Reserve Bank of India raised the Repo Rate to combat rapidly rising inflation. HDFC, one of the country’s largest lenders, announced Thursday that its lowest home loan rates would start at 7.55 percent, up from 6.7 percent in March.

    When the Repo Rate rises, so does the bank’s Repo Rate linked lending rate (RLLR). The borrower’s home loan interest rate will rise due to this. In actuality, instead of raising the EMI, banks usually lengthen the loan’s term.

     

    What Should Consumers do to Counter the Hike Now?

     

    Extended Tenure

    Begin by asking the bank to extend the loan’s term rather than the EMI. For example, the EMI on a Rs 50 lakh loan for a 25-year term serviced at 6.75 percent will only rise from Rs 34,500 to Rs 35,800. However, if the EMI is maintained, the tenure will be extended by 36 months. At the same interest rates, you end up paying less interest upon increasing the tenure.

     

    Partial Prepayment

    You can prepay your loan, at least partially, to avoid feeling the pinch and relieve the pressure of a higher EMI.

     

    Break Your FDs

    Because fixed deposit (FD) rates are currently low, ranging from 3.1 percent to 4.1 percent, home loan customers can use their FDs to prepay a portion of their loans.

     

    Invest In the Share Market

    Investors are getting good returns on their investments in the stock market. Markets can become an appealing place to invest with the right guidance and research. To outperform inflation, the return must be greater than 7%. Experts say that a drop in the stock market should be viewed as an opportunity to buy more stock.

     

    So, Where to Buy Your Homes from?

    A house is a place that is meant to make us feel at peace. Even in such trying times that hint at possible rises in home loan rates, our desire to live in a tranquil setting away from the crowds remains. These low-cost, affordable housing options in Kolkata make this possible. This G+13 block, as a single residential tower, provides much-needed relief for you and your family! This is especially true considering the exclusive features of this residential project, such as the Skywalk and Skydeck.

    Quality doesn’t have to be expensive! Trust Orchard Avaasa to ensure that your first choice is the best. So make the right choice today with these affordable flats in Rajarhat, Kolkata, and reap the benefits of a lifetime of happiness.

    Today, your dream home becomes a reality!