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How Are NRI Home Loans Different?

By urbanaxis,

The Indian real estate market has always been a lucrative investment option for Non-Resident Indians (NRIs). With cities like Lucknow experiencing rapid growth and infrastructure development, NRIs are increasingly looking to invest in properties back home. However, securing a home loan as an NRI comes with a few key differences compared to resident Indian buyers.

Let’s explore the essential aspects of NRI home loans.

1. Eligibility Criteria

NRIs must meet specific eligibility requirements, including:

    • Minimum employment tenure abroad (typically 1-2 years)
    • Valid work permit or employment visa
    • Minimum salary threshold based on the country of residence
    • Credit history in the residing country

2. Loan Tenure & Interest Rates

    • NRI home loans generally have a shorter repayment tenure (up to 15 years) compared to resident Indians (20-30 years).
    • Interest rates may be slightly higher due to the perceived risk of overseas employment stability.

3. Loan Amount & Documentation

The loan amount depends on the applicant’s income and financial stability. NRIs must submit additional documents, including:

    • Passport and visa copies
    • Overseas employment contract
    • Salary slips and bank statements from their country of residence
    • Power of Attorney (PoA) assigned to a resident Indian for loan processing

4. Repayment Mode

As per RBI regulations, NRIs must repay home loans through:

    • Non-Resident External (NRE) or Non-Resident Ordinary (NRO) accounts
    • Direct remittances from abroad via banking channels

5. Tax Benefits

    • NRIs can claim tax benefits under Sections 80C and 24(b) of the Income Tax Act, similar to resident Indians. However, these apply only if they file income tax returns in India.

6. Investment Scope in Lucknow

    • Lucknow is a prime real estate destination for NRIs, with rapidly developing localities such as Gomti Nagar, Shaheed Path, and Amar Shaheed Path witnessing significant appreciation. With Smart City initiatives and metro expansion, the city offers high-growth investment opportunities.
    • Urban Axis, a leading real estate developer, is actively shaping Lucknow’s skyline with premium residential and commercial projects, making it an ideal choice for NRI investors.

Conclusion

    • While NRI home loans have unique eligibility and documentation requirements, they open doors to profitable real estate investments in India. If you’re an NRI looking to invest in Lucknow, consult financial institutions and real estate experts to navigate the process smoothly.
    • Urban Axis offers world-class real estate options tailored for NRI investors, ensuring a seamless investment journey. Ready to own your dream home in Lucknow? Connect with us today.

 

2BHK flats in Lucknow

3 Reasons Why Taking Your First Home Loan in Lucknow is Not as Scary as You Think

By urbanaxis,

Owning a home in Lucknow, the emerging real estate hotspot, is a dream that is more achievable and less intimidating than you might think. Taking out a home loan in this vibrant city can be a strategic move, especially considering the promising landscape of the real estate market. Let’s explore three compelling reasons why the prospect of investing in property in Lucknow, including projects like Luvnest Lucknow and Urban Woods Lucknow, is not as scary as it seems.

Real Estate Boom in Lucknow – A Golden Investment Opportunity

Lucknow is witnessing a real estate boom, making it a golden investment opportunity for first-time homebuyers. With projects like Luvnest Lucknow and the rejuvenation of previously stalled projects (Bailed Out Projects), the city’s real estate sector is experiencing a renaissance. The presence of top real estate companies in Lucknow, including those certified by ISO standards, adds credibility and reliability to the market.

Investing in property in Lucknow means being part of a market that is on the rise, promising potential returns on investment. The city’s strategic location, coupled with ongoing infrastructure developments, positions Lucknow as a lucrative destination for real estate investment.

Luxury Apartments and Premium Living in Lucknow

Lucknow isn’t just a city of historical significance; it’s also becoming synonymous with luxury living. The availability of luxury apartments in Lucknow, such as those in Urban Woods Lucknow, caters to the discerning tastes of modern homebuyers. These properties offer state-of-the-art amenities, cutting-edge design, and a lifestyle that reflects the city’s rich cultural heritage.

For those looking to invest in upscale living, Lucknow presents an array of options that rival the offerings of any metropolitan city. The top real estate developers in Lucknow are ensuring that the city’s skyline is dotted with architectural marvels, providing a blend of comfort and opulence.

Top Real Estate Companies – Ensuring Trust and Quality

Lucknow boasts some of the best real estate companies in the country, many of which are ISO certified. This certification ensures that these companies adhere to international standards of quality and transparency. When navigating the real estate market in Lucknow, having the support of reputable and certified companies can instil confidence in your investment decisions.

Whether you are interested in Bailed Out Projects, luxury apartments, or simply seeking a reliable real estate company in Lucknow, the city’s real estate landscape offers a diverse range of options. The commitment of these companies to quality construction, timely delivery, and customer satisfaction makes them the cornerstone of Lucknow’s real estate success story.

Conclusion

taking your first home loan in Lucknow is a gateway to a promising and exciting real estate journey. From top real estate developers to luxury apartments, the city has it all. Embrace the opportunity to invest in Lucknow’s flourishing real estate market, and witness your dream of homeownership unfold in a city that is not just historic but is also making waves in the contemporary real estate scene.

affordable 2BHK Flats in Lucknow

Property with Guaranteed Returns in Lucknow, Uttar Pradesh

By urbanaxis,

Unlocking the Potential: Investing in Property with Guaranteed Returns in Lucknow, Uttar Pradesh

Lucknow, the city of Nawabs, is not only known for its rich cultural heritage but also as a promising real estate market. With a growing economy, robust infrastructure development, and increasing demand for quality housing, Lucknow offers investors a unique opportunity to secure their future with property investments that promise guaranteed returns.

Lucknow, the Investment Hotspot:

Lucknow has emerged as a real estate hotspot in the making, attracting the attention of both investors and developers. Properties located in areas like Sushant Golf City, Gomti Nagar, Shaheed Path, and Faizabad Road are witnessing rapid growth. These areas offer strategic locations, availability of amenities, and proximity to important landmarks. Urban Axis, one of the top real estate companies in Lucknow, offers a wide range of properties suitable for both residential and commercial purposes. Investors can explore luxurious residential projects as well as commercial spaces that cater to retail and office setups.

Growing Economy and Infrastructure Development:

Lucknow’s economy has experienced significant growth in recent years, attracting industries such as information technology, manufacturing, and healthcare. This growth has resulted in an increased demand for quality residential homes and commercial spaces. The city’s infrastructure development, including the metro rail project, expressways, and the expansion of the international airport, has further enhanced connectivity and accessibility. These factors contribute to the overall appreciation of residential property values in Lucknow.

Infrastructure and Social Amenities:

One of the key factors contributing to guaranteed returns on property investments in Lucknow is the presence of quality infrastructure and social amenities. Lucknow boasts well-planned residential townships, modern shopping malls, renowned educational institutions, and world-class healthcare facilities. Urban Axis, being one of the top real estate developers in Lucknow, focuses on developing properties in locations with access to these amenities, ensuring a higher value proposition for investors.

Government Initiatives and Policies:

The government of Uttar Pradesh has implemented investor-friendly measures to boost the real estate sector in Lucknow. Single-window clearances, simplified registration processes, and transparent land acquisition procedures are some of the initiatives taken. The Real Estate Regulatory Authority (RERA) provides protection to buyers and ensures timely project deliveries. These initiatives create a favorable environment for property investments and guarantee returns by minimizing risks.

Conclusion:

Investing in property in Lucknow with guaranteed returns is an opportunity that shouldn’t be missed. Lucknow’s growing economy, infrastructure development, emerging investment hotspots, availability of quality amenities, and supportive government policies make it a favorable destination for real estate investments. Urban Axis, as a top real estate company and developer in Lucknow, offers a range of options to suit various investment goals and budgets. By conducting thorough research, consulting with experts, and choosing reputed developers like Urban Axis, investors can unlock the potential of property investment in Lucknow and secure their financial future. Invest wisely and reap the benefits of guaranteed returns in Lucknow’s thriving real estate market.

Urban axis Top real estate Company in lucknow Sale for apartment Projects in Sushant Golf City

Lucknow – A Flourishing City Offering A Future-Proof Life

By urbanaxis,

Lucknow, the capital city of Uttar Pradesh in India, is a flourishing city that offers a future-proof life to its residents. The city is known for its rich cultural heritage, architectural marvels, delicious cuisine, and warm hospitality. It has transformed into a modern metropolis with excellent infrastructure, world-class educational institutions, healthcare facilities, and a robust transportation system.

Lucknow has witnessed tremendous growth in recent years, making it an attractive destination for professionals, entrepreneurs, and students alike. The city has a thriving IT sector, with many top companies having their offices here, providing ample job opportunities to the youth. The government is also taking various initiatives to promote entrepreneurship and create a conducive environment for startups.

Lucknow is home to some of the best schools and colleges in the country, including the prestigious Indian Institute of Management (IIM) Lucknow, Indian Institute of Technology (IIT) Kanpur, and Dr. Ram Manohar Lohia National Law University, among others. The city also has several excellent hospitals and healthcare centers that provide world-class medical facilities.

The transportation system in Lucknow is well-connected, with a modern metro rail system, buses, and private taxis, making it easy for people to commute to different parts of the city. The Lucknow airport is well-connected to major cities across the country, making travel easy and convenient.

In conclusion, Lucknow is a thriving city that offers a future-proof life to its residents. With its excellent infrastructure, world-class educational institutions, healthcare facilities, and transportation system, the city is a perfect place to live, work, and raise a family.

Here are some reasons why Lucknow is considered as such:

1 Rapid Urban Development: Lucknow has witnessed significant urban development in recent years with improved infrastructure, connectivity, and amenities. The city has a well-connected network of roads, highways, and public transportation, including an international airport and a metro rail project under construction. This makes commuting convenient and helps in overall economic growth.

2 Growing Real Estate Market: Lucknow’s real estate market has been thriving with a steady demand for residential and commercial properties. The city offers a variety of options, from affordable housing to luxury apartments, making it suitable for people with different budgets and preferences. Many renowned developers have launched their projects in Lucknow, providing modern amenities, safety features, and quality living standards.

3 Educational Hub: Lucknow is known for its excellent educational institutions, including renowned schools, colleges, and universities. The city has a rich academic heritage and is home to many reputed educational institutes, attracting students from across India and abroad. This makes it an ideal place for families looking for quality education for their children.

4 Cultural Heritage: Lucknow is famous for its rich cultural heritage, including art, music, dance, literature, and cuisine. The city has a unique blend of traditional and modern influences, which is reflected in its architecture, festivals, and lifestyle. Residents can enjoy a vibrant cultural scene and immerse themselves in the city’s rich history and traditions.

5 Employment Opportunities: Lucknow has emerged as a major economic and commercial hub in Uttar Pradesh, with a diverse range of industries and sectors. It offers ample employment opportunities in areas such as information technology, manufacturing, healthcare, hospitality, and more. The city has also witnessed a rise in entrepreneurship and start-up culture, providing further avenues for employment and economic growth.

6 Quality of Life: Lucknow is known for its laid-back lifestyle, green spaces, and relatively low pollution levels compared to other metropolitan cities in India. The city offers a comfortable living environment with access to modern amenities such as healthcare facilities, shopping malls, entertainment options, and recreational parks. The cost of living in Lucknow is also relatively affordable compared to other major cities, making it an attractive choice for those seeking a good quality of life.

In conclusion, Lucknow seems to be the new buzzword everywhere, and why not! The capital of Uttar Pradesh is witnessing a never-seen-before infrastructural boom. It’s time to invest in the new real estate hotspot. Check out ready-to-move-in Luxury Apartments in Lucknow by Urban Axis, the best developers in Lucknow.

 

Urban Wood Phase 1 Lucknow

If You want to buy property in Lucknow then you can’t miss Urban Woods Phase 1

By urbanaxis,

Urban Woods Phase 1 is a residential project located in the prime location of Gomti Nagar Extension in Lucknow, Uttar Pradesh, India crafted by Urban Axs. The project offers 2 BHK, 3 BHK, and 4 BHK apartments with modern amenities and facilities like a swimming pool, gym, clubhouse, landscaped gardens, and more.

The project is well-connected to various parts of the city, including major landmarks like Hazratganj, Lucknow Airport, and Charbagh Railway Station. 

Urban Woods Phase offers modern and luxurious residential apartments in a prime location, making it a great option for those looking to buy property in Lucknow. Here are some reasons why you should consider Urban Woods Phase 1 if you’re interested in buying property in Lucknow:

1 Prime Location: Urban Woods Phase 1 is strategically located in a prime area of Lucknow, offering easy access to major transportation hubs, educational institutions, hospitals, shopping centers, and entertainment zones. The location is well-connected to the city’s major roads and highways, making commuting convenient and hassle-free.

2 Modern Amenities: Urban Woods Phase 1 offers a range of modern amenities to enhance your living experience. These amenities may include a well-equipped clubhouse, swimming pool, gymnasium, landscaped gardens, children’s play area, 24/7 security, and more, providing a comfortable and convenient lifestyle for residents.

3 Quality Construction: Urban Woods Phase 1 is known for its quality construction and attention to detail. The project is designed and built using high-quality materials and Korean construction techniques to ensure durability and longevity. The apartments are designed with spacious layouts and contemporary interiors, offering a comfortable and stylish living space.

4 Developer’s Reputation: Urban Woods Phase 1 is developed by a Urban Axis, a reputed developer known for their track record of delivering successful residential projects. Choosing a property from a reliable developer ensures that you are investing in a trustworthy and reputable project, giving you peace of mind.

5 Potential for Appreciation: Lucknow is a rapidly growing city with a booming real estate market. Investing in property in Lucknow, particularly in a prime location like Urban Woods Phase 1, offers the potential for appreciation in property value over time, making it a wise investment decision.

6 Lifestyle Benefits: Urban Woods Phase 1 offers a modern and upscale lifestyle, with its well-designed apartments, amenities, and surroundings. Living in Urban Woods Phase 1 can provide you with a comfortable and luxurious living experience, enhancing your overall quality of life.

Urban Woods Phase 1 is an exclusive property developed by Urban Axis that is a perfect abode of serenity and exclusivity. In conclusion, if you’re looking to buy property in Lucknow,Urban Woods Phase 1 is definitely a project worth considering. Its prime location, modern amenities, quality construction, developer’s reputation, the potential for appreciation, and lifestyle benefits make it an attractive option for property buyers in Lucknow. 

 

top real estate developers in lucknow

Real Estate vs Other Investments:

By urbanaxis,

Real estate investing may be a wise choice for long-term objectives like wealth accumulation and the generation of passive income. Aside from potential value growth, rental income, tax advantages, and the chance to leverage your investment by using borrowed funds to buy Lucknow real estate, real estate investing can provide several benefits.

However, there are risks associated with real estate investing as well, including market fluctuations, vacancy rates, maintenance costs, and the potential for unforeseen costs.

Mutual funds, exchange-traded funds (ETFs), stocks, bonds, and other investment vehicles may also be able to provide potential returns on investment. Since these investments typically require less initial capital than real estate investments, they may be more affordable to a wider range of investors.

The best investment plan will be determined by your unique financial objectives, level of risk tolerance, and overall financial situation. It’s critical to do your homework, carefully weigh your options, and consult a financial expert before making investment decisions. Your investment objectives, risk tolerance, and financial situation, among other things, will all influence whether you choose to invest in real estate in Urban Axis as opposed to other types of investments. Consider the following pros and cons: 

Real Estate Pros:

  1. Prospect of Long-Term Appreciation: In the past, real estate values have risen over time, which can offer a strong return on investment if you keep the property for a long period.
  2. Working Capital: Rent payments from real estate properties can generate a consistent flow of income, which is a dependable form of passive income.
  3. Risk Elimination: Adding real estate investments to your financial portfolio can help spread out your portfolio’s risk. 

Real Estate Cons:

  1. Substantial Entry Barriers: The costs involved with maintaining a property can quickly mount up, and real estate can be costly to buy.
  2. Competitive Risk: Economic conditions can have an effect on the real estate market and cause fluctuations that could result in losses.
  3. Selling Hassle: Since real estate is a less liquid investment than other types of assets, it can be difficult to sell fast if you need money.

Other Investments Pros:

  1. Better Cashflow: Many investment types, including stocks and bonds, are very liquid, allowing you to rapidly trade them if you suddenly need money.
  2. Diversification: Your financial portfolio can be diversified by investing in a variety of assets, including stocks, bonds, and mutual funds. 
  3. Ease of access: Online platforms offer a wide range of investment choices, making it simple for new investors to start.

Other Investments Cons:

  1. Risk Premium: Similar to real estate, other investments are affected by economic conditions and market fluctuations.
  2. Fluctuation: Certain investment categories, such as stocks, may be exceedingly volatile, which can result in sizable short-term losses.
  3. Lower Returns: Bonds, for example, may offer longer-term yields that are lower than those of real estate.

In general, your circumstances and financial objectives will determine whether you should invest in real estate or another type of investment in 2023. It’s crucial to weigh the risks and potential rewards of each option, and if required, obtain professional advice. Yet, the best investment option with a high return on investment is still to invest in a town or region that is experiencing economic growth. One of Lucknow’s prominent locations is Sushant Golf City which is a real estate hotspot in making. The value of the property situated here are soared by 33.2%. Check out the Best in Class developed luxury apartment Urban Woods Phase 1 by top real estate developer in Lucknow, Urban Axis Infratech Limited, at Sushant Golf City, Lucknow, and invest in the city of growth and the future. 

best real estate companies in lucknow

4 Reasons to Invest in Real Estate in Lucknow

By urbanaxis,

4 Reasons to Invest in Real Estate in Lucknow

 

Lucknow, the capital of Uttar Pradesh and known as the city of Nawabs, is rich in culture and food. It is quite famous for its unique intellectual environment and diverse etiquette.   Recently, the city has undergone several transformations.

 

From a modern start-up culture to an epicenter of IT companies and industries, Lucknow is shedding its traditional garb. Growing in terms of lifestyle, investment, and institutional    development, Lucknow now sees a progressive path for the real estate industry.

 

The city has huge potential to be used as a location for real estate investment. Adding to the unique grandeur of the city, real estate companies are constantly building various large residential and commercial complexes. In addition, the city has many opportunities to explore and currently has a famous market for real estate investment.

But why is that? This blog talks about the various reasons that make Lucknow suitable for real estate investment. Are you one of the investors who are looking for opportunities to invest in Lucknow but haven’t decided yet? Then read on.

 

Rapid Development in Lucknow

As stated earlier, Lucknow is the capital of the state and has become the epicenter of all major development activities. As such, it is also considered one of the fast-paced smart  cities in urban development.

 

The city should see further developments in the coming days. It is currently undergoing major infrastructural development of renovation of Charbagh railway station, construction of a new airport terminal, bypass project to divert congested traffic and various others.

 

You would like to know that Lucknow is undergoing most of the development projects in the entire UP. Such developments provide more impetus for businesses and industries to flourish and welcome more employment opportunities.

 

Luxury Apartment in your budget

Lucknow city is the heart of Uttar Pradesh which is connected to five major highways. The five highways in Lucknow are Lucknow Kanpur Road, Lucknow Raebareli Road, Lucknow Faizabad Road, Lucknow Sultanpur Road and Lucknow Dewa Road.

 

These luxurious spaces are suitable for investment and will provide you with all the luxury you need. Whether you need water, electricity, school, universities, transport facilities, fruit and vegetable markets, shopping malls, etc., you don’t have to worry at all.

 

These essential and luxury needs in these areas are met within your budget and satisfaction. What could be better?

 

Connectivity

Commuting facilities in Lucknow are quite extensive. Cities are linked by rail, road and air networks. The metro rail network enables the experience of local transport in the city, making the facility even more efficient and faster. In addition, it is more convenient locally.

 

Major highways NH25, NH28 and NH56 are located in the city. In addition, the Chaudhary Charan Singh International Airport accommodates the landing and takeoff of hundreds of flights.

 

Education Center

 

Lucknow is the epitome of educational institutions. Several renowned schools, colleges, and universities are located here. While the infrastructure and industrial growth of the city are growing at a rapid pace, the number of good educational institutions is also increasing.

 

While the existing reputed schools are being upgraded in various sectors to go through the changes in the surroundings, various new schools are emerging with providing premium education to the students. Schools like Indus Valley Public Schools are expanding their branches in different parts of the city.

 

In addition, the city has various government educational institutes such as the Indian Institute of Management (IIM-Lucknow), National Law University Dr. Ram Manohar Lohia, Lucknow University (LU), and Institute of Hotel Management Catering & Nutrition (IHM-Lucknow). ).

 

Apart from these, the city also has some quite famous universities like Amity University, Babu Banarasi Das University, Integral University, etc. These universities distribute quality education in various fields of Arts, Science, Commerce, Law, Information Technology, Biotechnology, Architecture, Medical etc.

 

Wrap it up

All the factors mentioned in this blog are quite driving reasons to invest in the real estate Company in Lucknow. If you are planning to buy a property in Lucknow then you can check Urban Woods or you can be sure that your decision will be based on the reasons that you have just come across in this blog. Various facilities and developments in Lucknow make real estate investment in the city a lucrative option.

 

Affordable Real Estate property in Lucknow

Affordable Real Estate property in Lucknow

By urbanaxis,

Affordable Real Estate property in Lucknow

A home is one of the most expensive and valuable assets we have. It’s made up of several years of hopes and dreams, and it’s important to make your home-buying experience a fulfilling one. If you are looking forward to buying a premium property in Lucknow, then it is imperative that you familiarise yourself with the best real estate companies in Lucknow city.

Real Estate in Lucknow

The city of Lucknow has a lot to offer. There are not many options when it comes to choosing an apartment in Lucknow. The apartments are available in various types, ranging from a small and compact 2-bedroom house to a lavish 3-bedroom flat. There are also independent houses or villas like Urban Woods in Sushant Golf City. Leading developers in Lucknow offer apartments of all sizes and budgets in various locations. You can choose a location that is accessible and well-connected to schools, shopping malls, hospitals, airports, sports facilities, and other important landmarks.

Urban Axis-The Best Real Estate Company in Lucknow

Choosing the right builder is one of the most important aspects of buying a house in Lucknow. You need to select those real estate companies in Lucknow that offer superior construction quality, ensure timely project delivery, provide premium amenities within the company, are located in a posh and accessible area, and are still an affordable option. One builder that meets all these checklists is Urban Axis Developers. Urban Axis Developers has carved a prominent reputation in the Lucknow real estate market. Their luxury apartments are located in prestigious areas such as Gomti Nagar Extension, Sushant Golf City, Amar Shaheed Path, and others. Their apartments offer a wide range of amenities, including a clubhouse, swimming pool, playground, gym, meditation and yoga zone, entry control at the entrance, CCTV surveillance, high-tech security, power backup, ample parking space, etc. Urban Axis projects are located near facilities such as Medanta Hospital, Best Schools and Colleges, Big Malls, etc. Apartments in Lucknow to consider. These are the two best projects in Lucknow where you can consider buying a flat!

Urban Woods – 2 & 3 BHK Apartment in Lucknow

Urban Woods is one of the most famous apartments in Lucknow, offered by Urban Axis Developers. These are 3 BHK and 2 BHK apartments in Sushant Golf City, Lucknow. The apartment has a large open space built on (…) acres. The project ensures that the residents will be provided with carefully selected facilities and amenities such as a swimming pool, bike path, gymnasium, cricket pitch, clubhouse, gated community, power backup, parking space, and more. Nearby facilities include Lulu Mall, Medanta Hospital, etc.

Luvnest –  2 & 3 BHK Premium Yet Affordable Apartment

This is another premium yet affordable option offered by Urban Axis developers. Luvnest is located in the upscale area of Vrindavan Colony. You can purchase 2 or 3-bedroom apartments and enjoy the most beautiful skyscrapers nestled in lush green meadows. The apartment offers superior amenities like a clubhouse, gym, park, etc. It is located near UP Police Headquarters, Phoenix Pallassio Mall, Medanta Hospital, and Ekana International Cricket Stadium. the choice for both end users and investors.

Since buying a home will be one of the biggest investments of your life, be careful when choosing your builder. There are many developers in Lucknow, but if you want to opt for only the best, then Urban Axis Developers is the one for you! 

house for sale in lucknow

Advantages of Owning a House Over Renting in Lucknow

By urbanaxis,

A house is much more than just four walls and a roof. It ignites a range of emotions and thoughts in us. For some, it’s a sense of security; for others, it is about comfort and for others, it is a symbol of status and success. But there is also another aspect of the home to contend with. It has to do with numbers. The monetary aspect is also important as buying a house is often the biggest financial transaction in an average Indian’s life. Rent or buy is a decision that many struggles with.

HERE ARE REASONS WHY OWNING AN APARTMENT IS BETTER THAN RENTING IN LUCHNOW

NO LESSEE FUNDS

When you own your own 2&3 bhk flat, you are in control. You don’t have to deal with the landlord; whether it’s minor repairs or a complete renovation of your entire home, rental living is a pain in many ways. You are dependent on the landlord for water, electricity, maintenance and almost everything else. We at Urban Axis-best real estate company in Lucknow, effectively take care of your home and its upkeep so you can relax.

EMOTIONAL SECURITY

When you buy a home, you give your family their own space; home. At the end of a long day at work with a tiring commute and constant stress, returning to your own nest brings a sense of security and comfort that is simply irreplaceable. After all, there’s no place like “home” where you can truly be at ease and be yourself. With modern amenities, lush greenery and picturesque architecture, Urban Axis – an affordable 2BHK flats in Lucknow are a perfect place to be called home and keep your mood uplifted.

NO UNCERTAINTY

Owning your own home eliminates the fear and anxiety about the possibility of early termination of the lease by the landlord. In addition, you don’t have to worry about renewing the rental agreement every year and repeatedly negotiating the rent. Process of buying a home with Urban Axis is seamless, you can be at ease for a lifetime as we do the all the one time paper work for you.

WITHOUT COMPROMISE

Rent is an expense and the general tendency is to reduce expenses. Therefore, you may end up compromising on several aspects such as location, size and amenities. On the other hand, buying a house ensures that the property you choose will meet your expectations. Perfect location, best in class infrastructure and a bouquet of modern amenities awaits at Urban Axis – premium yet affordable flats in Lucknow, so you don’t have to compromise on anything.

EASY FINANCING OPTIONS

Owning your dream home is now easier with the availability of easy financing options. You don’t have to wait until your 40s and 50s to save up for your dream home. You can buy it in your 20s and be the proud owner of a fully paid-off home in your 50s or even sooner. You need to be judicious in choosing a home loan provider who can offer you the flexibility to manage your home loan repayments by tailoring your home loan EMI to suit your current and future income. Urban Axis provides you easy EMI options. We have tie ups with best banks that makes your process hassle free and easy.

TAX BENEFITS OF HOME LOAN

Your home loan principal and interest payments will bring you attractive tax credits. And remember, renting is more expensive than just the rent you pay. Your costs are higher because you don’t earn any interest on the deposit amount paid to the landlord (which is quite high in premium locations) for the duration of the lease. Urban Axis – an affordable 2BHK flats in Lucknow don’t just build you a house; we also provide you with financial advice and direction so you can enjoy the moment.

CREATING YOUR EQUITY

Instead of paying rent, which is a net expense, you can pay the home loan EMIs, building your wealth over time. Effectively, with every EMI you pay, your equity in your home grows. Urban Woods by Urban Axis is located in one of Lucknow’s upscale neighbourhood, Sushant Golf City, where your home value will only increase, generating a substantial return for you and thus in return creating an equity.

HOME AS AN INVESTMENT

When you are likely to live in a particular city for a long time, it makes sense to buy a house to give you a sense of belonging and permanence. You can identify with the city and its lifestyle. You feel like you have finally settled down in life. In addition, real estate prices usually increase over the long term. Buying a home means you also increase your wealth over time. Delaying the purchase of a property will result in having to invest a higher amount (in addition to paying rent for a longer period). Finding a trustworthy real estate agent who can assist a buyer with every step of the house buying process, from selecting an apartment to obtaining financing and finalising the deal, is rather challenging, we at Urban Axis – best developers in Lucknow, understand the joy of owning a home and making an emotional invest we assist you closely so you can live peacefully.

But deciding whether or not to buy a house also depends on the disadvantages. So after reading the advantages of buying a new home over renting, here are some disadvantages of owning your own home.

High initial costs

Mortgage closing costs can range from (a percentage will come) of the purchase price and include various fees such as property taxes, mortgage insurance, home inspections, registration, taxes, first-year homeowner’s insurance and interior. Payback for these expenses can take up to (how many years).

Less mobility

If one of the perks of home ownership is stability, accepting an enticing job offer that requires you to pack up and relocate may require some extra thought. Counterbalancing this fear, however, is the speed with which properties are being sold.

Maintenance costs

Bending over to fit under the kitchen sink to fix a leak is a thrill for many first-timers. But when you own a home, you’re the first line of defence when it comes to repairs—especially if you want to save money by doing them yourself. Some subjects require the help of an expert. Not only will you be sweating until the AC is fixed, but you’ll also be writing a check to get the cold air flowing again.

Conclusion

It is clear that in this case, the advantages outweigh the disadvantages. And no matter how you look at the subject of rental vs purchase makes a lot of sense. Buying a home appears to be an attractive proposition with increased affordability due to higher income levels, higher disposable income, availability of simple and creative financing options and tax benefits.

If you are looking for projects in Lucknow and want to buy your own house, then you should check out Urban Axis projects in Urban Wood Phase-1 & Luvnest. The lavish 2 & 3 BHK apartments are straight out of your dreams and will fit under your budget. These properties are some of the finest in North India and come with an array of amenities and unlimited luxury. If you want to buy a house in Lucknow, visit www.urbanaxis.com

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