Buying a flat is a very difficult decision provided the numerous options to choose from. We highlighted the points that you need to keep in mind before choosing to buy a flat, in a blog some months back. Here we have mentioned three points that you need to remember after choosing your flat to buy:
The Ownership Of The Flat:
Before buying a flat the most important thing that you need to know and ensure is the previous ownership of the flat. Nobody wants to own a flat that has bad history of ownership or loose formalities. So make sure that the flat has the right ownership and has gone through all the legal processes and formalities. Check documents like Sale Deed, Mother Deed the Building Approval Plan, without any fail. There is also a Mutation Certificate that identifies the owner of the property in government records and establishes their tax liabilities. All of these will make sure that the owner has all the right to transfer the ownership to you.
Property Taxes & Encumbrance Certificate:
You need to check if the property tax of the land is paid regularly to the corporation departments. The payment should be updated properly and a receipt copy of the latest tax payments should be given to you. It is also important to verify that the property does not have any dues for which a buyer must check the encumbrance certificate. An encumbrance certificate provides evidence that your property has no monetary and legal liabilities. The certificate can be obtained from the sub-registrar’s office where the property has been registered.
The stamp duty should be paid only on the purchase of the flat. You should also enquire with the builder to reveal the hidden costs in the purchase process. The gross actual cost of the purchase of the flat should be calculated by considering the stamp duty, registration and other charges.
If you are done choosing the flat and are ready to make the purchase, then you must always remember the above points. This will save you from any further troubles and therefore help you to move in to your new flat peacefully.
Protech Group has presently two new projects. One at Bhetapara, which is Protech Galaxy and Protech Akansha at Noonmati. To get the best deal and book a flat today, you can contact Protech Group by clicking here. You can call us in the number provided below or email us at crm_1@protechgroup.in .
Fitness has become an important aspect of our lives. Research suggests that daily exercises reduce brain fog. It also prevents ageing. In other words, by the time we reach 50s, 60s, and 70s, people who exercise might have more brain cells than their more sedentary peers. This would give them a major advantage in the workplace and productivity. So, it is necessary that we invest some of our time working out in the gyms or exercising at outdoors. The busy life of the city of Guwahati provides us very lesser time to go visit the gyms or the parks for workouts. Also, nowadays everyone prefers flats in Guwahati with gym or yoga lawns. Therefore, it is necessary that every residential complex must have amenities like the gym or yoga lawns within the campus. This will be time saving for those who has tighter schedules.
With tight schedules, and the constant struggle of balancing personal and professional life, we all miss looking after our health and fitness. A demanding job, your family, kids, responsibility towards them hardly gives you time to look after your own health. You barely find time after office to indulge into some yoga or exercise for yourself. Many still manage some time during mornings or evenings, and go out for jogging in the parks or get enrolled into a gym. But then you find out that traveling to and fro takes all the time you saved for exercising.
So, why not get settled into some complex that has its own gym centres and yoga and jogging lawns. Living in a residential complex with adequate facilities for fitness will make it easier for you to pursue fitness in your everyday life.
In-house Fitness Centres
The Indian fitness industry is a huge and promising market and this is a reflection of our changing perception of health and fitness. But, the biggest hindrance into hitting the gym, or taking up a fitness activity is the convenience. The pressure at home and office, the weather and also the traffic discourages us from going to the gym. If, you find a gym or yoga ground within your residential complex and at 30 seconds distance from your flat, then it is like hitting a jackpot. Nowadays, the builders have recognized this demand and have already engaged into creating residential projects that has a wide range of fitness amenities such as gym, jogging track, swimming pool, and sports arena etc. Today, many residential projects have fitness centres, yoga lawns and swimming pools which have come out as wonderful means of conveniences for the residents and thus adding value to the residential complexes as well. So buy flats in Guwahati with Gym.
Why is a healthy lifestyle needed?
According to a survey, many Indians look forward to a healthier lifestyle. The craze for fitness, running, yoga and gym is increasing. This change in attitude has come from living the fast-paced lives, which has introduced several lifestyle problems affecting our body and mind. People are now going back to the roots and investing in lifestyle, food habits etc. They have recognized that physical well-being is an essential part of good emotional health. Thus the rise in the demand for the amenities related to health and wellness. So buy flats in Guwahati with Gym.
The Outcome
With the presence of such amenities in the residential complexes, people are slowly getting a meaningful and sound lifestyle. Also, nowadays there are playgrounds for the children as well for their physical and mental development. Before booking a flat, these are the amenities that are most checked for. So buy flats in Guwahati with Gym.
Protech Akansha
Protech Group is one of the leading real estate companies in the North-East. We commit to understand consumer needs. We strive to have 100% satisfied customers with a promise to adhere to time commitments and high standards of quality.
Protech Akansha is our latest project with the following amenities that address the fitness requirements of our customers.
1,252.53 Sq. Ft. Swimming Pool with deck in an elevated podium
Playground for kids
Gym area
Yoga and jogging area
The booking for this project is going on in full swing. You may want to have a look at it without any delay to get the best flats in the complex. So buy flats in Guwahati with Gym. Please click the link below and fill the form, so that we can call you and fix up an appointment as soon as possible.
Noonmati is a locality in Guwahati which is best known for the Guwahati Refinery of Indian Oil Corporation. Known as the Gateway of the North East”, Guwahati is the largest city in the northeast, and one of the fastest growing cities of India. Guwahati has the best schools, medical care and most importantly a growing economy with ample employment opportunities.
So, if you are looking to buy a flat within the city, Noonmati is the location to start your search. Noonmati, situated in the west of Guwahati still holds the natural beauty of the hills and abundance of fresh air.
Destinations of Noonmati
Noonmati is a recognized location with the Guwahati Refinery, the hillside and one of the most popular schools of Guwahati, Assam Jatiya Bidyalaya. It has three entertainment centres in close proximity – Anuradha Cineplex, Vandana Cinema and Gold Cinema, Narengi. There are 27 places of worship including temples, mosques and churches, 17 schools, 3 hospitals, 3 parks, 2 shopping malls and the famous Noonmati marketplace where you get all your daily needs including fresh vegetables and meat.
Noonmati has all the necessary amenities and requirements for a family to have a permanent residence. Protech Akansha, Noonmati is surely worth checking out from that perspective.
Location Advantages
Noonmati is almost in the centre of expanding Guwahati. Once a corner in the west, it is now considered a central location. The distance between Noonmati and some of the famous destinations are as follows:
This project is only walking distances from important locations like, Guwahati Refinery High School, Guwahati College, GRECS Shopping Mall, Guwahati Refinery Hospital etc. In terms of amenities around Noonmati, here are some of the amenities near by:
Assam Jatiya Bidyalaya (2.5 km), Pub Guwahati High School (1.6 km), Euro Kids (less than 1 km), Vishal Mega Mart (2.7 km), Reliance Trends (3.6 km), FCI Bus stop (1 km), NextGen Guide (less than 1 km), Eastend Nursing Home (3.4 km), Noonmati vegetable market (1.1 km), Indian oil Pump (1.1 km), Noonmati police station (800 m) and SBI/Axis Bank (950 m)
Why Noonmati
Noonmati is place where you can get a touch of nature in the midst of the city. Nature and urban sophistication go hand in hand. You get the comfort of living amidst the environment while staying close to the metropolitan. The connectivity is very good and you will get ample public transport connectivity to the rest of the city.
If you want a scenic view from your window while you sip your morning coffee, Protech Akansha at Noonmati would be the ideal place for you. The views from Akansha will last a lifetime with no other project blinding your view.
Protech Akansha
Protech Akansha, Noonmati is 3 BHK residential project with views facing the hills, and lush green lawns. Akansha is situated amidst the hills at a height of 20 ft from the base. It ensures no water logging during the rainy days. Protech Akansha has all the modern day amenities within the complex. You will find all the amenities like the elevated swimming pool with deck area, a playground for children, separate area for gym and yoga, a community hall for the society to have various functions, high speed elevators, 24/7 CCTV monitoring and even a pressure machine for car wash.
Protech Group promises branded fittings for lasting durability. It provides for a comfortable stay innovations such as rainwater recharge well, segregated waste bins, heat resistant floors and extra height in the top floors.
About Protech Group
Protech Group is one of the best real estate companies in the north east. It is delivering quality and comfortable living on time for the last 14 years. Protech Harkanan at Noonmati is one of its flagship project. It stands testimonial to its flawless construction and landscaped beauty.
If you are looking for a flat in Noonmati, we are glad to announce that bookings are open for Protech Akansha. You can visit our website and leave your contact details for us to contact you.
Real estate being the country’s second largest employer of India, and the fact that the sector is under severe liquidity crunch, Budget 2020 was a very keenly awaited budget. Budget 2020 was also the key event for any sign of revival in the economy.
Last year, the government had taken several steps like ‘housing for all’ by 2022, tax sops, a sharp cut in GST rates for under-construction flats and a Rs 25,000 crore fund to salvage stalled residential projects. Budget 2020 is also in line with the Sabka Vikaas line that was the hallmark of the 2019 budget.
Personal Income Tax Relief
Heavy taxation faced by homeowners is a fundamental obstacle to the real estate industry slowdown. The marginal personal income tax rate in India at a 10 year high, coupled with 18% GST has caused a heavy burden on taxpayers.
In order to provide significant relief to the individual taxpayers and leave significant money in the hands of the tax payer, Budget 2020 has proposed to bring a new and simplified personal income tax regime. Income tax rates will be significantly reduced for the individual taxpayers who forgo certain deductions and exemptions. This could lead to reviving the consumption cycle in the real estate sector and kick start the economy. Further, additional savings can bring in an upsurge in individual investments in the housing sector.
Attacking the Liquidity Crunch
It is common knowledge that the real estate industry is facing a liquidity crunch. Coupled with the liquidity crisis faced by the NBFCs / HFCs in 2019, it has become a double whammy. The Budget 2020 proposal to further enhance the credit guarantee scheme for NBFCs and HFCs is expected to provide some respite to the market. The government has decided to further bolster the guarantee scheme for NBFCs and HFCs and offer subordinate debt to MSMEs. It should help bring liquidity into the real estate market alongside the abolition of DDT.
Affordable Housing
Continuing the last budget’s focus on affordable housing, the tax benefit on affordable housing loans was decided to be extended by a year up to loans sanctioned till March 2021. This will push more first-time home buyers to hurry up their decisions to purchase their dream homes. This should take care of the excess inventory in the market.
Whats more, the date of approval of tax holiday provided to developers of affordable housing would also be extended by one more year. This should encourage small and medium sized real estate developers in states like Assam to transition into affordable housing. The luxury segment in the tier 2 cities is suffering due to lack of consumer demand, and the more attractive investment for a builder would be to focus on affordable housing.
Positive on warehousing segment
The National Logistics Policy and the proposal of the viability gap fund for development of warehouses would provide impetus for increasing construction of warehouse facilities. Budget suggests the PPP model to encourage building of warehouses supply which is expected to rise from 211 million sq ft in 2019 to 379 million sq ft in 2023. Single-window clearance will expedite supply, as approval time is expected to reduce by six months.
Conclusion
Although Budget 2020 was a good budget for infrastructure, it was left much to be desired for the real estate and real estate construction segments. The crisis created due to the policy restructure of 2016 (RERA, GST and NBFC’s) has created a slump in the market. Allowing tax breaks for buying property could have gone a long way in sorting the real estate sector, causing a rise in domestic housing demand. The budget 2020 needed incentives such as completion of stuck projects and allowing the home buyers to full income tax benefit, immediate and effective disbursal of the Rs. 25000 crore stress fund of 2019 budget, removal of tax on vacant properties, increasing the bracket to claim tax benefit on home loans etc.
