FAQ
1 . Is real estate a good investment?
Real estate is a very good investment as has very low risk. Even in the records, it has shown a very good return in real estate. Though it is always advisable that before investing in real estate it is important to know the company profiles, collect information, and other government-approved certificates.
2 . How many rooms are there in a flat?
You will get various options for your flat like 2bhk, 3bhk, and studio apartments. If you have a big family, then we suggest you take our studio apartment as those are very premium and filled with a lot of space.
3 . Can NRI citizens buy property in India?
Yes, NRI citizens can buy properties in India without any restrictions. Also, a 1% TDS deduction is approved if an NRI buys a property valued above 50 lakhs.
4 . Can I shift immediately after buying a property in India?
You can shift immediately after the dealer has given a handover to you.
5 . If I gift a property, do I need to pay stamp duty?
Yes, the gift deed ranges around 5%-12% depending on the state. But, few states like Haryana, Delhi, and Rajasthan give 1%-2% concession to the female transferors.
6 . Why you must invest in Newtown real estate?
New Town is the only Greenfield Smart City of West Bengal. Involvement of all major corporate houses and IT Hubs all across NT makes it the future of the nation, which is eminent from the appreciation of the property in the city. There has been a significant physical development in the city and there is scope for significant development. The past 10 years growth in the Real Estate Valuation of New Town itself is the reason of further investment.
7 . What are the reasons for investing? For housewives, for the business person , for salaried person ,for retired person ,for govt employees for private employees?
For Business Person New Town is the best market for exponential growth of the investment, where businessmen from any industry can put in their annual surplus to create Capital for future Ventures. Similarly, with Salaried Person New Town being a city where the lands were allotted by the Govt. of West Bengal, the lions share of the land is free from litigation and legal complications, where anyone can invest without fear of hassles of legal complications of the Real Estate. Documentation of a New Town Property is as crisp as getting a set of new wheels, where you can get easy loans in 48 hours from any Nationalized Banks. For Private Employees getting into the trap of rental homes for themselves just to avoid shifting when they get onsite opportunities, again New Town is the city which can give you an edge, where you can let out your property in 7 days to any individuals/family of your choice in 7 days and can have a steady rental income along with the appreciation that New Town promises to all its stakeholders.
8 . What is the cash flow in real estate?
Real Estate industry of New Town is the most promising investment opportunity after Bangalore in India, the industry has grabbed a lions share of NRI Fund in the sector.
9 . What are the advantages and disadvantages of investing IN Newtown REAL ESTATE?
To list up on pros & cons, it would be extremely one-sided balance wheel, where only disadvantage of a New Town Real Estate investment is you land up paying high amount of Capital Gain Taxes on the extremely high return you achieve. To state pros of investing in Real Estate is hassle free litigation free scope of investment, New town being the only city of India having complete E-Governance System even if you are relocated abroad you can complete all legal procedures of mutation & property taxes being at nautical miles away.
10 . How do I finance the first real estate deal I find?
Your First Deal needs just 2 checkpoints as followed, Firstly, a promising Developer, where you get possession on time., Secondly, a Housing Loan from any Bank/Finance company of your choice.
11 . Do the flats have any resale value?
The flats of New Town don’t have just a Resale Value, they only have Appreciated Resale Value.
12 . Do home loans help in saving on income tax?
Absolutely, Under the provisions of the Income Tax Act of 1961, the government offers a number of house loan tax exemptions and deductions to encourage residents to make investments in property. All home loan borrowers should note and be aware of all the income tax rebates available on home loans, because doing so can enable you to significantly reduce your tax obligations.
13 . What are the profitable real estate market locations of Newtown?
The whole of New Town is profitable in terms of Ease of Livability and lifestyle benefits available in the city. But if you are looking forward to investment for returns, the best option presently would be AA-III, as the development has just commenced in near part for the location and is on its way to reach heights, however AA-II can also be a very promising opportunity.
14 . How do I know that a project is perfect for me based on the location of newtown action area 1, II, III?
Tricky Question, the best way to assess the best suitable project for you is to find out your requirement, the type of area you prefer, weather you would like to be a part of a co-operative society or otherwise, weather you need the property to stay yourself or for your family, your number of family members, when do you like to shift to the property etc.
15 . What is the difference between the carpet size and the super-built-up size of an apartment?
Carpet Size is basically the usable area you get, however the Super-Built-Up Area includes proportionate share of Common Area and amenities you use.
16 . What are the mandatory legal factors that one must consider while buying a new apartment?
While buying a new apartment one should go through proper Title Search of the Property, the land records, the up-to-date tax receipts, sanction documents etc. Its always advisable to get in touch with a professional legal advisor before any real estate investment.
17 . Is investment in properties help in savings?
Investment in properties is always a savings which act as reverse SIP for investors along with appreciating fixed asset.
18 . Are flats in Newtown good options for investment?
Flats in New Town are always good option for investment as it is always appreciating and at the same time, New Town being high demand area for presence of several offices and business sectors it can yield you a regular rental income from the initial days of possession.
19 . What is the approximate cost of a house in Newtown?
Depending on location, size and type of property the approximate cost varies but shall be in the tune of Rs. 5000-8000/sqft.
20 . Is Newtown a good place to live and invest?
New Town is a good place to live and to invest for both the high livability index and appreciation rate.
21 . What are some of the popular residential locations in Newtown?
New Town Biswa Bangla Gate surrounding & Blocks adjacent to Biswa Bangla Sarani, like BD, BA, CA, CC, AB, AI Blocks. The areas adjacent to Rosedayle, Candoor & Unitech are also equally demanding and promising.
22 . What are some of the profitable locations to stay in Newtown?
The most profitable locations to stay in New Town would be the ones adjacent to the Biswa Bangla Gate as it has easy access to major landmarks of New Town.
23 . What does After Repair Value mean?
For Re-sale properties ARV is the estimated value of a property after completed renovations, not in its current condition. House flippers commonly use ARV as a way to gauge the worth of a fixer-upper property, including how much it can be bought, and then resold for after repairs.
24 . Which is the best exit strategy for my real estate goals?
Real Estate Goals has only 1 profitable exit strategy, i.e, BRSR.
B-Buy
R-Refurbish
S-Sale
R-Re-invest
25 . What are the best tax benefits associated with real estate investing?
Real Estate Investment provides benefit on Income Tax on Home Loans along with options on savings in Capital Gain Taxes.
26 . What do first-time homebuyers need to know before closing a deal with developer?
First-Home Buyers need to know about Carpet Area, Covered Area, Super-Built-Up Area, the handover time, the extra development charges and the details of title of land.
27 . How do I Choose a name for my real estate company?
Answer Coming Soon
28 . How to invest in real estate in India?
There are several ways of investment in Real Estate, one most popular idea can be purchasing a property in initial stages of project booking, and selling it off at handover stage as a ready to move property and enjoying the escalation, which at any point of time shall be of a higher percentage of housing loan interest rate of any nationalized bank. There are always several other options which require regular practice in Real Estate Investment & Trading.
29 . Is it safe to invest in real estate without property ownership?
It is safe provided one gets the legal compliances as required for future provisions, but always advisable to invest through having a property ownership.
30 . How can beginners invest in real estate?
To start with investment in Real Estate, its good to search for a reliable developer where you can have a surety of timely handover and purchasing a flat of your budget of investment with a housing loan and have timely check of project progress and wait for the handover. One should try to assess the present market rate of flats in the project if the handover time is more than 3 years at regular interval.
31 . Is real estate a liquid investment?
Not at all, with the implementation of Real Estate Regulatory Act, liquid investment in Real Estate is difficult.
32 . What should I look out for during a site tour Can I invest in properties outside my locality?
One should always try to invest in a property outside ones own locality, a site tour should have the following checklist for a fruit reaping investment, the locality, its popularity and distances from the important facilities, the access to the project, the quality of the work being executed, the boundary wall of the project, the actual possession of the site boundary demarcated in the advertisement etc.
33 . Can I invest in properties outside my locality?
Answer Coming Soon
34 . Where can I find the best opportunities?
Answer Coming Soon
35 . Why did you choose this real estate market?
Answer Coming Soon