6 Essentials before opting for a home loan

6 Essentials before opting for a home loan-2

When one decides to buy a house, there are a lot of things that need to be factored in other than just selecting the right property. Buying a house is probably one of the biggest financial transactions one engages in, in a lifetime. Arranging for down payments and future payments that will go towards the house is a big decision to take which requires a lot of thought and clarity before the actual transaction takes place. For example, if you are thinking of investing in residential plots in Jaipur, arranging for funds is the first thing that might cross your mind before actually purchasing the property.

Granting home loans is a well thought-out and structured process as it extends to over twenty years into the future and hence the lenders need to follow a disciplined approval process for granting a loan. From the applicant’s side, it’s essential to take care of all the formalities and necessities so there are no bottlenecks in the entire loan process.

Following are some fundamentals you should take care of, before opting for a home loan.

1. A Good Credit Score

Your track record and current creditworthiness is represented by your credit score. One of the first questions asked by any lending institution is about your credit score. It’s essential to maintain a fairly decent score in the range of 700-900.

2. An Error-free Credit Report

There is a good chance that you have a clean credit history however, you might encounter an error in the credit report which could result in home loan issues. Hence before you apply for a home loan, it is necessary to thoroughly check your credit report and get it rectified in case of any discrepancies.

3. Timely Repayment Of Loans by Others

Even though you might have a clean credit history with respect to the loans you have taken, the loans that you guaranteed for your family and friends can be defaulted which will directly affect your credit record. Do not forget to run a check on such instances and ensure that the repayment of all such loans have been done on time. This will reflect positively in your credit score, improving your prospects for your loan getting granted.

4. Complete and Proper Documentation

Make sure your home loan documentation is in place when you apply for a home loan. On the off chance that all the documents required at the time of submission are not present in your file or not in order, the home loan lender is constrained while appraising the home loan application objectively.

5. Property Parameters

Make sure you choose a property that satisfies the necessary guideline set by the relevant authorities and has all the relevant sanctions like NA certification, ownership, completion certificate and other such validating documents. . Additionally, the age of the property also plays a big role in home loan eligibility. Fairly recent properties stand a better chance of advancing your home loan than old ones.

6. Debt Clearances

The chances of your home loan getting approved increase manifold, if all the previous debts and dues have been cleared properly. A good debt clearance record amplifies your trust factor and adds to your credit value.
Now that you are aware of the essentials to be adhered to while applying for a home loan, you can be prepared before and ensure a hassle-free loan process. In case, residential plots is what you have in mind when it comes to real estate investment, Jaipur Greens is a well-planned gated community where you can invest in residential plots.

Your Guide To Property Registration

As per the Registration Act, 1908, homeowners in India are legally mandated to register the properties in their ownership. You may be familiar with the document called sale deed, which testifies to the transfer of ownership of the property, declaring you as the rightful owner of the same. However, it is advised that you have the sale deed registered at the earliest in order to legally complete the property transaction.

Here’s a quick and useful guide to property registration in India:

1. Prepare in advance: In order to have your property registered, you will need to seek an appointment at the sub-registration magistrate’s office. Get all your documents in order for the appointment, and bear in mind that there are no special queues for senior citizens or women.

2. Plan your day ahead: The registration process can take up to several hours, so plan your day ahead accordingly. The office of the sub-registration magistrate usually functions from 9:30 am to 6 pm (with a lunch break in between) every day, excluding weekends and public holidays.

3. Payment of fees: Before you arrive at the sub-registration magistrate’s office for your registry appointment, make sure that you have already paid the requisite fees (stamp duty and registration charges) for the process. Although you can calculate and pay these fees online, it is advised that you seek a legal expert’s assistance especially if you’re doing this for the first time.

4. TDS certificate for transaction: In case the value of the property transaction is above the sum of Rs. 50 lakhs, you will be issued a TDS certificate, which also you will be required to bring with you on this day.

5. Identity documents: Depending on the nature of the property transaction, there will be a list of property documents that you will have to carry to your registry appointment. Apart from that, you will also require to have on you some identification documents such as your PAN Card, Aadhaar Card, Voter ID or Driver’s License.

6. Bring a witness: It is mandated that each transacting party must bring at least one trustworthy witness along, and that this person must also carry with them the requisite identification documents listed above.

7. Account for delivery time: Bear in mind that it takes about 15 working days for the registration process to be successfully completed. Once it is completed, you can collect the registered documents from the office upon producing the receipt issued to you at the time of the registration.

Looking to invest in a new home this year? Experience the splendour of a royal heritage within an exclusive gated community spread over 155 acres with sprawling greens and loaded with modern amenities. Explore residential plots in Jaipur at Emaar India’s Jaipur Greens. Emaar is a pioneer in shaping skylines and lifestyles worldwide, developing vibrant communities that have redefined real estate development. With iconic structures like the Burj Khalifa in its portfolio, Emaar is ready to redefine the landscape of Jaipur with its premium project, Jaipur Greens.

Top 5 emerging trends in Jaipur real estate

On its way to becoming a Mega City by 2025, the pink city of Jaipur has many things going right for it as we speak. With increased investments in IT/ITES in the city and SEZs being launched, there are many white-collar jobs moving steadily towards Jaipur. This has worked as a major catalyst in increased real estate investments in the city. Also, being a part of the Golden Quadrilateral national highway network, the connectivity to Jaipur considerably increases its demand.

Is Jaipur going to be the next real estate investment hub? Let us see where the trends point to-

Emerging micro markets-

With the surge in recent developments, the city has formed pockets within itself. Areas like Ajmer Road, Sirsi road, Jagatpura etc. have specific advantages to them in terms of their distances from organisations, socio-infrastructural facilities, industrial areas, proximity from the airport or from metros like New Delhi. With excellent health care and educational amenities available, these micro markets are looking at a steep rise in the inflow of investments.

NRI investments-

Jaipur is one of the major tourist attractions in India owing to its colourful culture, architecture and a mystique around the history it associates itself with. Being more affordable than the rest of the metro cities, Jaipur has caught the NRIs’ eyes for investment as a prominent option. It is comparatively simpler and more lucrative to purchase a property purely from an investment standpoint in a well-connected city like Jaipur than any of the bigger cities.

Rise in gated communities-

Jaipur was never the one with a lot of gated communities; in fact, the rise in this trend has only been seen in the very recent past owing to a lot of jobs being created-both It-based and manufacturing and also because of it becoming a booming educational hub. But today the surge in gated communities has been phenomenal which the residents and even migrants have faithfully embraced.

Self-built Vs readymade-

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Even though a metro link is now going to run through the city, it still has some small-town charm to it. Row houses are preferred over the apartment flats and backyards are preferred over the balconies. Also, the buyers in Jaipur do not face the space crunch that metro-dwellers normally do hence they prefer building their own houses. If these are within a gated community, that becomes an added advantage.

Manufacturing/Creation hub-

Jaipur has always been home to the most exceptional of artefacts, handicrafts, Gems, engineering goods etc. Owing to vast raw material availability, lower cost of establishment and comparatively less expensive real estate costs, a lot of SMEs are creating hubs in the city.

Keeping in mind the above-said trends and with an aim to provide you with a taste of royalty, Emaar India, has come with the magnificent project of Jaipur Greens. Spread over a sprawling 155 acres and loaded with the best of amenities, this is the only project in the city to have received a CC (Completion Certificate). It provides you with plots ranging from 180 to 300 sq. yards so that you can build the house of your dreams and still be in a self-contained community with a ton of amenities to enjoy. We are proud to share that Jaipur Greens is also the only gated community in Jaipur that can boast of a fully functional clubhouse which is available for you to use even while your house is under-construction. With 23 acres of open greens, this project is what fantasies are made of!

What are you waiting for? Come and experience the splendour of Jaipur Greens! Contact us today for enquiries and booking.

 

 

 

 

 

 

 

6 Reasons Why NRIs Must Consider Jaipur For Investment

6 Reasons Why NRIs Must Consider Jaipur For Investment01

Jaipur, the capital city of Rajasthan, has an outstanding infrastructure and an immense scope for development. The Pink City shares excellent connectivity with the capital city of Delhi, and is known for its rich cultural heritage. In addition to being one of the most popular tourist destinations in the country, the recent IT wave in the city has led to the rising demand for modern commercial spaces and residential property in the city. Equipped with world-class civic amenities, Jaipur makes for one of the most lucrative investment destinations in India today.

Following are some reasons that are bound to fascinate anyone, and especially an NRI, to choose Jaipur as their hometown.

1.Connectivity:

Jaipur offers excellent connectivity across India via its International Airport, National Highways and its strategic location on the Golden Quadrilateral. The upcoming Metro rail will further enhance connectivity and boost the property prices in the city. Jaipur also shares excellent connectivity with the national capital, Delhi, which further enhances its realty market. With the rapid development of the infrastructure, Delhi and Jaipur are now closer together than ever before. A convenient drive of 3-4 hours on the Mumbai-Delhi Highway from the capital, Jaipur is a popular weekend getaway.

2.SEZ and business:

Jaipur is an emerging IT/ITES destination, with major IT companies like Genpact and Infosys already having set up a base in the city. A joint venture by Mahindra & Mahindra and RIICO will be set up in a Special Economic Zone (SEZ) in the city, on approximately 750 acres of land. Jaipur is also the largest centre for the export of coloured gemstones, sterling silver jewellery, handicrafts, carpets, apparel, traditional footwear, marble & stone artifacts, and engineering goods. These industries keep Jaipur’s economy going strong.</p.

3.Tourism industry:

Jaipur is the hub of domestic and foreign tourism in India. It is seen that almost 80% of foreign tourists coming to India make a visit to Rajasthan via Jaipur. The city’s tourism industry is a thriving one—from historical forts and monuments, like the Amer Fort, Jantar Mantar and Hawa Mahal, to bustling markets like Johari Bazaar known for the famous Jaipuri razaai, silver jewellery, intricate juttis, and bandhej fabric, to the magnificient Chokhi Dhani village and wide-ranging Rajasthani delicacies, Jaipur offers a warm and vibrant cultural spectre to its visitors.

4.Civic amenities:

Jaipur is known for its excellent civic amenities, from reputed schools and hospitals, to shopping malls and exquisite luxury hotels, the city is equipped with ultra-modern infrastructure. It is also a fast emerging healthcare destination, with Medicity of Reliance Group in the pipeline. The city is also home to the illustrious Mahatma Gandhi University of Medical Sciences & Technology. The law and order as well as the governance in Jaipur is one of the best in the country, making it a safe and secure destination.

5.Excellent growth prospect:

By 2025, Jaipur is expected to expand into a mega city, with a population of around 10 million across an area of 800 sq. km. This will further boost the demand for housing in the city. While the cost of establishment and living is fairly low, Jaipur is expected to grow significantly in the next couple of years (with investments amounting to a whopping sum of $2 billion).

6.Special benefits for NRI investors:

Under the Foreign Exchange Management Act (FEMA), NRI investors can avail of attractive offers on home financing plans. Moreover, the Government of Rajasthan allows for an exemption in VAT, CST and GST as part of the Rajasthan Investment Promotion Scheme. NRIs can also avail of various tax benefits on home purchases.

Experience the splendour of a royal heritage within an exclusive gated community spread over 155 acres with sprawling greens and loaded with modern amenities. Explore residential plots in Jaipur at Emaar India’s Jaipur Greens and experience the #TrueEmaarLifestyle. Emaar is a pioneer in shaping skylines and lifestyles worldwide, developing vibrant communities that have redefined real estate development. With iconic structures like the Burj Khalifa in its portfolio, Emaar is ready to redefine the landscape of Jaipur with its premium project, Jaipur Greens

#EmaarLifestyle #JaipurGreens

3 reasons why Jaipur Greens is the perfect investment destination

3-reasons-why-Jaipur-Greens-1

The 11th largest city of India – Jaipur, has now become the investment destination. In 2025, it is expected that Jaipur will become the Mega City with a population above 80 million. Moreover, the city has always been one of the major tourist attractions in Rajasthan because of its praiseworthy handicrafts. Jaipur has also become the largest centre of gems and jewellery. And now, with new multinational companies coming in, many real estate names are establishing their projects here.

One such name located on Jaipur-Ajmer Highway is Jaipur Greens. Jaipur Greens is a project that radiates the splendour of a royal heritage within an exclusive gated community spread over 155 acres. Adorned with sprawling greens, the project invites you to bring your imagination to life on prime residential plots ranging from 180-300 sq.yds. Approved by Jaipur Development Authority (JDA), the development is surrounded by well-developed roads, telecommunication, electricity, water supply and efficient drainage system.

There are many reasons that make Jaipur Greens the perfect investment spot. Take a look:

1.A profitable investment zone

Ajmer Road is one of the topmost suburban areas of Jaipur with immense growth potential. It has shown an appreciation rate of 7.14% over the last one year. A 47 Km, 6 lane ring road connecting Ajmer Road (West), Agra Road (East) and Tonk Road (South) is the primary reason for rapid growth and development in the region. The proposed Ring Road is expected to create new investment corridor in the region while also improving connectivity.

2.In proximity to Mahindra SEZ

Ajmer Road is very well-connected to SEZ spaces. It takes 20 minutes to travel from Jaipur Greens to the leading commercial and township property, Mahindra SEZ. SEZ has become an opportunity centre for youth, with opening up of new multinational companies that makes Ajmer Road a desirable location.

3.Excellent infrastructure

Jaipur Greens is blessed with a flourishing social and civil infrastructure around. It’s just 18 km from Jaipur International Airport, Fortune Select Hotel, Sanganer and Railway Station. Just off the NH 8 Jaipur-Ajmer-Highway, it has easy access to reputed international schools and is adjacent to JK Lakshmipat Singhania University. The area has BRTs and Metro facility which makes commuting even easier. Mahindra Special Economic Zone is in close proximity and adds to the overall appeal.

Jaipur Greens is a product of the world renowned Emaar Properties who also crafted the legendary Burj Khalifa in Dubai. Moreover, because of the aforementioned perks around the location, meticulous planning and JDA approvals, the development is sure to give maximum returns in the future.

10 Reasons Why Jaipur’s Real Estate Is A Profitable Investment

Real estate in Jaipur has always been in high demand for various reasons. The Pink City shares excellent connectivity with Delhi, and is known for its rich cultural heritage and as a popular tourist destination. More recently, the IT wave in the city has led to the rising demand for modern commercial spaces and residential property. With modern civic amenities and well-developed social infrastructure, Jaipur makes for one of the most lucrative investment destinations in India today.

Here are 10 reasons why Jaipur’s real estate is a profitable investment:

1.As the capital city of India’s largest state, Rajasthan, Jaipur is also one of the fastest growing Tier 2 cities, with excellent infrastructure and scope for development.

2.Jaipur offers excellent connectivity across India via its International Airport, National Highways and its strategic location on the Golden Quadrilateral. The upcoming Metro rail will further enhance connectivity and boost the property prices in the city.

3.Jaipur shares excellent connectivity with the national capital, Delhi, which further adds to the value of its real estate. Delhi is a 3-4 drive from Jaipur on the Mumbai-Delhi Highway.

4.By 2025, Jaipur is expected to expand into a mega city, with a population of around 10 million across an area of 800 sq. km. This will further boost the demand for housing in the city.

5.Jaipur is an emerging IT/ITES destination, with major IT companies like Genpact and Infosys already having set up a base in the city. A joint venture by Mahindra & Mahindra and RIICO will be set up in a Special Economic Zone (SEZ) in the city, on approximately 750 acres of land.

6.Jaipur is the largest centre for the export of coloured gemstones, sterling silver jewellery, handicrafts, carpets, apparel, traditional footwear, marble & stone artifacts, and engineering goods. These industries keep Jaipur’s economy going strong.

7.Jaipur is known for its excellent civic amenities, from schools and hospitals, to shopping malls and luxury hotels, the city is equipped with ultra-modern infrastructure. It is also a fast emerging healthcare destination, with Medicity of Reliance Group in the pipeline.

8.Jaipur is the hub of domestic and foreign tourism. It is seen that almost 80% of foreign tourists coming to India make a visit to Rajasthan via Jaipur.

9.The law and order situation as well as the governance in Jaipur is one of the best in the country, making it a safe and secure place to live in.

10.While the cost of establishment and living is fairly low, Jaipur is expected to grow significantly in the next couple of years (with investments amount to a whopping sum of $2 billion).

Looking to invest in residential property in Jaipur? Explore premium residential plots in Jaipur at Jaipur Greens, a residential project by Emaar India.