Buy Property in Lucknow (Lucknow)

Buy Property in Lucknow

Yogesh Pathak a Lucknow based employee working in Gomti Nagar has been spending around Rs. 8 000 per month on house rent. He was planning to save this money by buying his own apartment but he did not have enough savings. He wasn t very keen on taking a hefty loan with high monthly interest or borrowing money from his parents. One day a friend suggested him to invest in a studio apartment close to his workplace. The concept was new and rapidly gaining popularity in urban cities. Yogesh liked the idea so he did some research. This is what he found out. What is a Studio Apartment Also known as bachelor pad self-contained unit or efficiency flat a studio flat is a small self-contained unit including all the essential rooms (kitchen living room and bedroom) in a single large room without any barrier of walls giving users all the creative freedom. Only bathrooms (often containing a walk-in closet or dressing area) are separated by a door. Studio Apartment Setting A few home owners set up attractive dividers folding partitions or curtains in order to separate bedroom from sitting room and kitchen. Partitions increase the overall interior appeal and offer homeowners privacy when guests arrive. Some developers offer 1BHK sets wherein bedrooms including attached bathrooms and closets are separately present and a large central hall accommodates kitchen c-m dining room and drawing room.Does that spark an idea Check out what Wealth Mantra has to offer Visit us for best Property for Sale in Lucknow options. We ve a range of beautifully furnished studio (1BHK) and service (2BHK) apartments for all. What s more You can EARN up to 25 000 per month through rental income and get 25 FREE COUPONS for SELF STAY. How are Studio Apartments Advantageous Each unit has its own benefits for different owners. Benefits for Students--Benefits for First-time buyers-- Studio apartments are cheaper than traditional apartments. The EMI you pay for its costs is roughly equivalent to your previous monthly home rent with a difference that you ll be raising your personal asset. One added benefit is you pay less on stamp duty and registration charges. You can cut costs by purchasing unfurnished or partially furnished apartments. This way you ll pay for only the things that you need. You can easily sell off unfurnished apartments to other buyers as well. According to Indian real estate estimates developers have invested in 1.2 million sq. ft. land for this project. You ll be seeing around 15 000 apartments in future. It s a favorable time to buy Buy Property in Lucknow you must consider it.Benefits for Sellers (HOW TO EARN INCOME)--If you re planning to relocate to a bigger house later on you can rent your apartment to students and professionals for extra earning. Alternatively you can set up your office there or use it for business purpose. Smaller apartments have great demand from residential and commercial point of view. Their prices escalate by 15 to 20% after every 4-5 years. These flats generally have a medical hub stadium corporate company historical landmark or major government building in its vicinity. Thus you can easily lease your property to doctors sportsmen businessmen tourists politicians and similar people who stop by in your city for seasonal games meetings conferences or trips. Benefits for Students New Employees Newlyweds-- Suitable for a stylish clutter-free lifestyle these studio apartments are beneficial for upcoming hi-tech eco-friendly independent living generations. They re especially meant for college students new employees or a newlywed couple planning to settle down in a bigger city. Even a group of friends can purchase it conjointly for living recreational or commercial purposes. It s a practical investment for professionals working in bank hospitality and IT sector who ve to pull up stakes and move to different cities in search for better opportunities. These flats are generally developed around cooler parts of the city including commercial downtown IT city public landmarks educational institutions or society. You get to live in cooler downtown near your college or workplace. They re energy efficient and generate lower utility bills (electricity heating cooling water cleaning maintenance etc.) Benefits for the Youth-- It is easier to find and organize things in a single room apartment. You don t have to shop for many items since there is limited space. You don t have to waste your time or money on cleaning laundry and dishwashing services. With everything present in the same room you can do multi-tasking like cooking watching television talking to your friend etc. It ll be fun to organize a party with friends Not only this some developers offer you added facilities (included in the apartment price) like Fully-furnished apartments (with furniture LED TV geyser freezer stove top modular kitchen false ceiling lights and air conditioning) Swimming pool gym spa restaurant around it etc. Parking space club and lounge facility Security and firefighting services Water supply and power backup. You don t have to pay extra for furniture you can get quality entertainment around your residence and you don t have to deal with blackouts robbery of fire breakouts. Benefits for Developers-- Talking about developers it is usually the 1-BHK set that gets sold out first thereby generating instant working capital for their other projects. Developers launching studio apartments as a part of their housing project often give you other facilities and charge extra for maintenance and facilities but it is worth the cost. Earlier we lived in a bigger house with joined family. Once requirements started changing with time nuclear families became the norm and people started living independently. In a way studio apartments reflect a major cultural change in Indian society. Being small compact and stylish they re an excellent investment for all age groups