NRI Real Estate Investment in Lucknow in PaarthInfra Projects

India is becoming a chosen destination for the NRI (Non Resident Indian) investors. Since they earn in foreign currency, when they convert it in Indian Rupees, the value increases. Hence they prefer to invest in Indian real estate as they have a desire to return back to India someday. NRI real estate investment in Lucknow has grown manifolds in the last few years due to various factors.

After the Modi government announced that all the state capitals will be considered for the 100 Mega City projects, Lucknow is also gearing up for that growth. Many MNCs are expanding their businesses and Lucknow is a chosen destination for many companies which want to set up their delivery centers in Northern India. It has a cost arbitrage over Delhi and good educated professionals are easily available in the city.

The market is again picking up after the new government has taken over. Due to policy paralysis, the last few years were bad for the real estate industry. They were reeling under the pressure of huge debts and liquidity crunch. Now the market is again reviving and real estate business in India is seeing a positive curve.

Convenient Location

These projects are located near the IT corridor and the airport, Nirman Nigam, the Cricket stadium and many other prime locations of the city. Hence finding tenants is very easy in this project. NRIs love to invest in luxury apartments in Lucknow as they will get assured return on investment.

Excellent facilities

NRIs prefer to lease out the property to a corporate who would like to set up a guest house for the company there. Since the property is loaded with amenities like club facilities, swimming pool, Sauna, Steam, Jacuzzi, Gymnasium, Provision for business lounge etc. the companies prefer to take up an apartment here on lease.

I would recommend that if you are an NRI and you take interest in the real estate business in India, the look no further. Invest your hard earned money here and you will never regret your decision.

2 BHK Flats in Lucknow, the Right Choice for you

In the last few years the residential flats in Lucknow have gone through a sea change. From basic flats which were mostly four storied, now the high rise apartments come with all the modern facilities and are as good as the apartments in Delhi, Mumbai, Bangalore, Pune or any other Metro. There are many top builders in Uttar Pradesh like Shri Balaji Group, Best Nest, Imperior Group; Earth Group etc. However Paarth Infrabuild Pvt. Ltd holds a special place in the hearts of home buyers.

With the swearing in of the new government in the centre, real estate business in India is booming. There is a positive sentiment in the market and the home buyers are again showing interest in investing in real estate. The market was going through a slump in the last few years which is reviving now.

 

The home loans rates have been slashed by the banks. Hence the NRI real estate investment in Lucknow is seeing a surge as Lucknow is coming up as a future IT Hub. The REITs (Real Estate Investment Trusts) are a new instrument which many real estate developers are using to raise funds for their projects.

Paarth Infra’s projects like Paarth Arka, Paarth Adyant and Paarth NU have become chosen destinations for the NRI investors for various reasons. These state of the art flats in Lucknow will be the new landmark.

There are elegantly designed 2 BHK flats in Lucknow in the Paarth Infra projects which I am sure you will love. Everything about the project is high class. I was impressed to see the fittings, the quality of paint, and the quality of tiles, AC, window shutters, bath tub, sink and everything else in the flat. When I took a walk around the campus, I was mesmerised to see the azure blue waters of the swimming pool. My kids’ just love to play in the pool and it serves as a great Sunday activity for all of us in the family.

Fulfill your Desires and Needs by Investing in Real Estate Lucknow

Lucknow, the city of Nawabs, is the administrative capital of the state of Uttar Pradesh. And is at the nerve centre of the country’s one of the largest states in terms of area, population and economy. So the importance of the city cannot be negated.

Till a few years ago, the city was deemed to be a Tier III city. Now, it is a recognized Tier II city and is fast closing the gap between Tier I cities. In fact, the core of the city is so crowded and congested, that the authorities have taken the step of concentrating on development of the suburbs which lie near areas as far as Hardoi, Rae Bareli and Sitapur. And due to this sudden development of interest in these areas, the prices have grown overnight and still keep on increasing. However, it is still attractive enough to be invested in.

Especially to our brethren abroad, nri real estate investment in Lucknow sounds like a good bet. It is the ideal retirement plan for when they would want to return to their homeland and be near their loved ones. Nri real estate investment in Lucknow also gives a shot in the arm to the real estate business. On the whole, the real estate business in India has been experiencing a slowdown of sorts in the recent past. Now, it is all set to change. With the rapid further urbanization of Tier II cities, Lucknow seems to be on top of the list in the cities that will benefit if there is a boom in real estate business in India, which, hopefully, would happen very soon.

In that scenario, if you’re an NRI and hail from Lucknow, and wish to come back to your motherland in a few years from now, or want to gift your family a dwelling befitting of them, now maybe an ideal time to invest in real estate. With a plethora of real estate players now in Lucknow, you would definitely get whatever you require and need- a dwelling of your choice.

Benefits of Real Estate Investment in Lucknow for NRIs

Real Estate is that business that will never go out of demand. Speaking about the real estate sector in India has earned an important place owing to the relaxation of Indian economy. As India is in aspiring stage as compared to foreign counterparts, it has attracted both Indian and foreign stockholders and buyers. Our government policies and schemes have favored foreign investors a lot. Therefore foreign aspiring stockholders are willing to invest in the market and the flexible FDI rules are inviting and attracting them at the same time. India has recently seen number of foreign investors who are interested in investing in both residential and commercial infrastructure.

NRI Real Estate Investment in Lucknow has been observed at a huge rate. According to statistics, an estimated 31 million NRIs in over 142 countries have an approximate wealth of USD 1.2 trillion. The depreciation of the Indian currency has worked in favour of the foreign stakeholders. Capital appreciation has provided comfort of giving property on rent therefore more returns from the property. Although, the investment rate from residential property is low as 3% but over the years by renting it always would work favorably. NRIs before investing in the market should take care of two points first the foreign exchange management act and second the tax law.

Real estate business in India has been beneficial for both the Indian as well as foreign aspiring buyers. Further, the high demands from the population have worked in the favour of builders. The main reason of the high demand is because of the high industrial growth in the region offering employment opportunities to masses. The region of Lucknow have seen a high demand from population as this is the important centre of commerce, finance, aerospace, education, technology, medicine and tourism. This metro city is accessible from every part of India through air, rail and road. Today’s Lucknow is an effervescent city covering 400 sq. km. with a rapidly growing population. It is all set for further growth now, as the demand for housing and development is rising rapidly.