Union Budget 2016 Reaps Benefits for First Time Home Buyers of Affordable Housing Segment!

Nashik real estate sector has finally a reason to rejoice! 

The real estate segment of the Wine Capital that was facing a set sudden rise in prices of properties recently has finally a ray of hope after the announcement of Union Budget 2016, by Finance Minister Arun Jaitley on 29th Feb 2016. The declaration of exemption of Rs. 50,000/-  of annual installment for the first-time buyers who opt for a loan amount of Rs 35 Lacs for a property costing within Rs 50 Lacs has brought hopes among the buyers of the city. 

“It is not a populist, but a responsible budget. The tax measures for affordable housing recognize the potential of real estate sector that will add to growth and job creation. Given the strong linkages of housing with the manufacturing sector, the measures would provide a fillip to the Make in India and Startup India Campaigns. As housing is the only asset for the common man, these measures render the budget socially inclusive”

Says Jayesh Thakkar, President, CREDAI NASHIK

We believe, the announcement during the union budget for the housing sector regarding the exemption of Rs 50,000/- in annual installments will be a big aid for the first time property buyers in the affordable housing segment. 

It’s a sigh of relief for the ones who have been searching for an affordable property in the city. Top builders in Nashik too, which have constructed affordable residential projects such as Parksyde, Samraat Group, etc. can expect a boost in the sales this year.

So finally, the dream homes in the city of Nashik are now going to be a reality for the first time buyers soon! 

What are your views on the Union budget 2016 announcements about real estate sector by Finance Minister, Arun Jaitley? Comment your views below! 

Aiming High For A Mature Real Estate Industry

For any organization, its growth is analyzed and calculated based on certain parameters. These parameters are based on the diverse elements of the organization and ultimately the vision and goal that is set to be achieved.

We, at Credai Nashik have a vision to work for in order to enhance the realty market of the city and enable professionalism and maintain transparency in our business.

Our vision is to be an organization constituting of reputable industry representatives that is an embodiment of Trust, Value for Commitment, Skill development, consumer rights ensuring the growth the real estate and infrastructure and its sustained contribution to the Indian GDP. 

Having followed and taken all the necessary steps to step ahead and move forward towards achieving our vision, we all ensured our mission is aligned to our vision.

The mission we had set for 2014-16 was well synchronized with our initiatives and steps supporting the progress.

Our Mission 2014 – 2016

To ensure “Credai Nashik” is a certification that is synonymous with assurance of Peace of Mind of the Consumer. Showcase the Real estate opportunity of the city across domestic and international platforms and contribute to the growth of CAGR (i.e. Compound Annual Growth Rate) of real estate industry of the city. The Organization will endeavour to be an autonomous authority to ensure innovation & implementation of best practices that will not only regulate Industry performance, but also add value to the quality of homes in the country.

With this, we aim high to grow the real estate industry of the into a mature and professional one in the near future. We believe, the year 2016 will be very happening and a progressive year for the real estate industry and the a fruitful one for the builders and developers and also, the buyers/investors. 

Near Future is All About Affordable Housing

Yes! The good news for all the home/property hunters!

Affordable housing has long been a subjective term for all the buyers and the builders across the real estate market till today. Potential buyers perceived affordability of property as something that fits into their budget, while the term’s meaning varied from a builder’s perspective.

However, according to the ET Realty’s recently published newsletter, the government plans to provide affordable housing options for all with well supported infrastructure and connectivity. Yet, it is expected that the government will take proactive steps in enabling this provision than becoming a provider. And this is one of the reasons we can see infrastructure developments across the states and cities.

We believe, having more supply would bring in this objective of providing better housing and affordable housing options for all through enhanced connectivity and at the end, a place to live with good connectivity is often, the preferred choice of the buyers. 

Read more about the ET Realty Newsletter, published on 14th February 2016, as under:

Dear readers,

It is a welcome statement from Union Minister when he talks about the government planning to provide houses priced below Rs 5 lakh. Does the country need affordable and low-cost housing? Yes. But, this needs to be supported with good infrastructure and connectivity.

It’s a noble cause, but the government’s role is essentially expected to be of an enabler and not of a provider. The government does know that very well and is acting upon it. That’s why we have been hearing about the push on infrastructure and improvement in connectivity.

The best way to make housing affordable is to increase its supply and improve connectivity to satellite towns that can accommodate mass housing projects.

For example, the state government of Maharashtra has already drawn a plan to develop 100 sq-km city with private participation in Uran, situated around 50 km east of Mumbai. However, given the current economic growth centers in Mumbai, it’s unlikely that people would move to this new city unless a speedy mass-transit option exists.

Therefore, the key is infrastructure and better commuting options. If people in US are commuting from New Jersey all the way to Manhattan, a distance of over 70 kms; Mumbai has more options within a periphery of this distance that can be used for mass housing, provided the connectivity is good. And this can be a case for any urban and economic growth center across the country.

So rather than working on a plan to offer homes priced below a certain price tag, the government needs to accelerate its speed at which infrastructure is being improved and affordability can be taken care of through higher supply.

While the government is taking steps to improve crumbling infrastructure in the country’s financial capital, the speed at which it is being done has to be enhanced. Several big ticket projects including coastal road and trans-harbour link will connect and offer more options for people to live out of choice, not out compulsion.

Thrust can be on empowering or enabling people with good infrastructure and not just building a roof on their head. 

Found what I desired!

So, what are we talking about over here?

Well! Here is something that we received from one of our happy customers recently. Have a look at what our customers have to share with us.

We all have different desires, but most of us share one in common. Yes, it is that of owning a home. To me, buying a home was not that tough as much hyped by most of the buyers.  Why? Because, since the time I had wanted to buy a property, I had pondered enough about what exactly I want in my home and where it should be located. Initially it was all new and strange when I began to read about real estate  Having a clarity about my aspirations and asking people I knew about how to go about 

the process of buying a property.

After having spent days, months and more than a year, I came to realize that each person I spoke to regarding the real estate market, had a secret desire associated with the property they bought and the kind of property they zeroed down on.

This made me think. Think what could be that one thing that I cannot do away with in my home.

I thought. 

Spent some time alone to figure out what I wanted the most in my home and came to a conclusion.  It was not the fancy walls or the fabulously designed interiors of the property, but, the ambience I wanted to have at home. You must be thinking that interiors do add to the ambience, but, I want to be clear here,  it was the ambience inside and outside my home. I wanted a property that was located in the most prime location in Nashik.

Like most of the buyers, budget was a concern to me as well until I searched for the different kinds of properties on CREDAI NASHIK. Yes! There, I said it!

Thank You CREDAI NASHIK for helping me find the kind of home I always wanted and in the location I always desired.

So, if you too have something to share with us, do get in touch with us over Facebook and we shall share your story with our readers! 

Explore Nashik Properties on CREDAI NASHIK

Credai Nashik

With the spurt in real estate industry for more and better residential properties among the people of Nashik, the top builders and developers of Nashik have already found their way to establish numerous residential projects in order to provide the locals a better standard of living. In a city where manufacturing and IT industries are booming at a rapid pace, there is a huge population waiting to grab the best real estate properties in Nashik without wasting any time.

However, to make it easier for people who are looking for specific residential properties like 2 BHK in Nashik or other flats in Nashik, we are enlisting some of the top residential properties that provide 2 BHK living spaces in the city:

     

The Metrozone by Sanklecha: A one of its kind project in entire Nashik that is designed with ultimate perfection.  Located in Indiranagar, the project offers configuration options of 2, 2.5, 3 and 3.5 BHK flats with a lifestyle that is exclusively a complete package of luxury life!

        

United Sanskruti by United Builders: A finely designed society with total units of 166 flats which include both, 1 BHK & 2 BHK flats. These are the affordable flats which provide you with all the basic amenities within a reasonable range of price of flats. The project is located near Panchvati on Nashik- Aurangabad Road.

Hari Amrut by Karda Constructions: This is a well planned 2 & 3 BHK residential projects which offer convenient and comfortable space. Located on Nashik road, this project has close proximity to various important parts of the city that makes it a more prominent housing space.

Samraat Tropicano by Samraat Group: This project is ranked among the most premium residential projects on Gangapur Road. The project offers elegant 2 & 3 BHK flats and is a perfect portrait of tropical islands that will leave you mesmerized.

Karma Galaxy by Karma Realty: the project is located in the heart of Nashik, in Dwarka. Combines the benefits of extremely convenient location with a healthy dose of Luxury. The project offers 2 & 3 BHK options.

What you enjoy in a home in Nashik- the Wine Capital of India?

CREDAI Nashik 

“Where we love is home - home that our feet may leave, but not our hearts.”

Said the American writer Oliver Wendell Holmes, Sr.

For all of us this statement stands true! In other words, a home is the place where we enjoy, a place where we learn to live together and share warmth, love and affection. 

But, for all this in life, a home is what we all need at a basic level!

Addressing this very necessity of life, CREDAI NASHIK, an association that was founded by the team of expert real estate professionals, has taken the lead in making homes available to the buyers with their desired requirements through utmost professionalism in the real estate industry.

Some of us invest in properties for good return on investments while some buy it for residential purpose. However, from any potential buyer’s point of view, what we consider while buying are the amenities and specifications of the property/flat. We all desire to have a swimming pool to relax, a jogging track to exercise, garden to spend time with family and friends in evening, a clubhouse or a party lawn to party with friends, and the list goes on. At home, these amenities add value to the times we spend with our close ones. Hence, other than just the living space, having most of these amenities and specifications at home is also important.

Nashik, being a city that is undergoing development in different industrial sectors, is now becoming a potential place for properties with world class amenities and specifications at affordable prices when compared with the other cities in Maharashtra state and across other parts of the country.

Thus, for people who are in search of homes that provide them with world class amenities at prices lower prices, Nashik is one of the preferable locations to buy such a home. The projects that have been constructed by the builders and developers in the city are providing the buyers with amenities that will add more life to their living experience in these homes and also be cost effective for buyers.

Read More : -

• Found Your Budget Home in Nashik? Here’s what you missed!
• Looking for options for 1 BHK Homes in Nashik?

Found Your Budget Home in Nashik? Here’s what you missed!

Flats in Nashik - Credai Nashik

Nashik, a city so calm, will soon be evolving as a smart city of India. The place with such amazing weather conditions is now becoming one of the most preferred locations to settle in. Be it the government employees or the private IT Companies working professionals, the Wine Capital of India, Nashik, has home for all the people who are in search for decent homes at affordable prices.

Like any other common man, we all want a decent home, which falls in our budget and is worth spending our entire life’s hard earned money on it. Finding a budget home is not an easy task. However, in Nashik, where most of the developments are in progress, the city’s property values will soon appreciate. There are a variety of projects that are set up by some of the top builders and developers in Nashik which are providing the people of the city, the alternatives to buy homes at reasonable prices.

Some of the budget homes provided by the builders in Nashik are mentioned below:

• MANOMAY DREAM HOMES located near Off Mumbai-Agra Highway, Nashik, offers 1 and 2 BHK homes that range between Rs. 17.79 Lacs- 25.64 Lacs
• EMPIRE MARVEL by EMPIRE Realty, located on Nashik Road, offers 1 and 2 BHK flats ranging between Rs. 18.1 Lacs-26.79 Lacs
• Nirmans Vrindavan Gardens, located on Trimbak Road, Nashik, provides 1 & 2 BHK homes in the price range of Rs. 16.6- 28.35 Lacs

These projects not only provide the buyers with basic amenities and facilities like Clubhouse, Play area for Kids, Power backup, etc., but also the features and specifications that give the homes a better finishing.

Currently, the homes that are available in Nashik are at reasonable and affordable prices, unlike the other nearby cities like Pune and Mumbai, where finding a budget home is a hectic job! Hence, before the prices go up, exploring options for better properties in Nashik will be a wiser act. Stay tuned for more information on properties in Nashik and the amenities you can avail.

Read More : -

• Projects in Indiranagar, Nashik by Top Builders of Nashik
• Looking for options for 1 BHK Homes in Nashik?
• Your Home In City That Hosts Kumbh Mela

Projects in Indiranagar, Nashik by Top Builders of Nashik

The Metrozone - Nashik

In our previous blog we spoke about the builders and developers in Nashik which have projects that provide 1 BHK homes in Nashik.

The Nashik’s real estate industry is growing due to multiple factors. The improvements in infrastructure and the emerging IT Park in the city are few of them!

Today we shall explore the projects by the top builders and developers in Nashik which are exclusively constructed at the Indiranagar location of Nashik. 

So if you are in search of a property in Nashik at Indiranagar location, then don’t stop here! Explore

Some of the projects that have been constructed at Indiranagar by renowned builders of Nashik are mentioned below:

• Anushree Apartment: 2 & 3 BHK flats
• Kedarnath Apartment: 2 BHK flats
• The Metrozone: 2, 2.5, 3 & 3.5 BHK flats
• Shree Tirumala Eka: 1 & 2 BHK flats
• Hari OM II: 1 & 2 BHK flats

Annushree Apartments - Nashik

The above mentioned projects are some of the best residential apartments and homes, which provide the buyers with the homes that, are exclusively designed. These offer them the best of the amenities and features along with immaculately designed interiors and specifications. Projects constructed in Indiranagar, which is one of the best locations in Nashik, are worth exploring for getting good deals on properties. Your one visit can help you get the best catch in property buying!

Nashik’s pleasant weather conditions and picturesque green surroundings will drift your mind away from all the urban distractions and close to nature and peaceful ambience! Unlike many, the Wine capital of India is undoubtedly blessed with the amazing climate that is impressive enough to give you a never before living experience.

Read More : -

Importance of Home Loan

United we stand divided we fall

Looking for options for 1 BHK Homes in Nashik?

Looking for options for 1 BHK Homes in Nashik?

Nirman Nakshtra

Do you reside in Nashik?

Are you aware of the advancements in technology and infrastructure that have been taking place in the emerging smart city?

Well! If no, then you must know that Nashik, the Wine Capital of India, is now the 4th fastest growing city in India and is the emerging educational hub. Not only this, the city will soon  have an intricately designed high standard infrastructure and will be having its own IT Park, where many of the multinational companies and IT companies will set up their offices.

Nirman Upavan

Now, this not only indicates that the city will have more people who will be migrating from other parts of the country for better career opportunities and quality education, but also, will be attracting more people who are in search of properties and the investors who are planning to invest in the real estate sector.

Thakkers Paradies

Hence, investing and buying property in Nashik would be a great catch for a handsome return on investment in future. The builders and developers in Nashik have various ongoing and upcoming projects where as many as 21 projects have options of 1 BHK flats. Some of these projects include:

• Nirman Upavan: This project offers 1, 2, 2.5, 3 BHK flats with the price range starting from Rs. 28.67Lacs. Located at Panchwati, Nashik.
• Nirman’s Nakshatra: This project offers 1, 2 BHK flats with the price range starting from Rs. 21.77Lacs. Located at Nashik-Aurangabad Road, Nashik
• Thakkers Paradise: This project offers 1, 2 BHK flats with the price range starting from Rs. 18.59Lacs. Located at Off Gangapur Road, Nashik
• Vijay Annex: This project offers 1, 2 BHK flats with the price range starting from Rs. 21Lacs. Located at Nashik Road.

Vijay Annex - Nashik

So, now if you think you should be buying a property in Nashik, then you can explore various other properties on the property portal of Credai Nashik. Till then stay tuned for more information on property and property trends in Nashik!

United we stand divided we fall

CREDAI Nashik

Just like in the game of relay race, each of the athletes needs to contribute towards passing on the baton to the next person on time in order to win the race and achieve the goal; similarly it is important in a team (the builders and developers in the context of real estate industry) for each member to contribute at an individual level to raise the team and help all achieve the common goal of the team. Hence, team effort helps you stand united and if divided, the output is affected.

CREDAI NASHIK is one such team of builders and developers in Nashik which believes in working together as a team along with the industries and the government in order to provide affordable homes or, in other words, decent homes for the residents of the city.

Now, that the city is developing at a faster pace to emerge as one among the IT hubs of India, Nashik’s real estate sector also needs to be enhanced. According to the team of CREDAI Nashik the city grows with the growth of the people in all aspects and to bring about this change, a home is the ideal place to begin with.

To most of us a home has many memories and moments attached to it.Many of us are staying in homes that we do not own. But, among all of us who all are actually aware of all the practical, economical and emotional aspects attached to it? Not all of us know. These aspects come into play when we think of buying a property or invest in property.

CREDAI NASHIK connects with this thinking of the common man. CREDAI Nashik has been at the forefront to protect the interests of the developers and as well as the customers. CREDAI NASHIK believes the liasioning with the government authorities and the local body is their prime responsibility towards its members which they have been doing gracefully ensuring the transparency in the deals and integrity in their operations towards their customers and society. When asked the president of CREDAI Nashik about the perception of the builders, he replied explaining how CREDAI Nashik has been working effectively in bringing professionalism in the trade with an aim to bring about a qualitative change in the perception of the construction community.

Read More: - 

Nashik Is The 4th Fastest Growing City In India

Your Home In City That Hosts Kumbh Mela

Importance of Home Loan

In a country like India, where having own home is one of the dreams of every individual, the development in the real estate industry has been a boon. People in India are driven to buy properties by the home loans available with the help of the banks. Because of this facility people can afford to invest in personal homes without depending on the hard cash in hand. As the home loans play a crucial role in enhancing the real estate sector, the buyers and the developers depend on home loans to progress and step ahead in the process of property buying and building respectively.

Properties in Nashik - CREDAI Nashik

Most of us feel that we cannot avail this facility of home loans for any other purpose but buying a new home. However, this does not stand true. A person can opt for home loans for various other purposes like renovation of home, construction of a new home, etc. Still, there are certain norms that are applicable to individual options, but this does provide an advantage to the buyer to opt for a home loan for any of these purposes. The  banks lend an amount between 75-80% of the contract value while the buyer needs to arrange the remaining amount. The rate of interest applicable to the amount taken on loan also changes from time to time, relying upon the parameters like economy growth and liquidity in the market.

Home loan can be obtained by fulfilling the required parameters such as employment status, duration of current employment, personal income and credits existing if any. Out of all these parameters the most important is the credit history of the person applying for the loan as that needs to be documented if there is any credit history from any of the other financial institutions. They also consider if there are any other loans existing, the type and age of property, including the complete transparency in the stated purchase.

Some of the banks also recommend insurance policies to protect the home loan. This gives assurance to the banks that they will be able to retain the money lent to the borrower in case of loss of life of the borrower or any other reason for inability to repay the loan. However, the loan provided to the borrower is extended over a period of time. This might sound little difficult for the first time borrowers, but is not that difficult in reality. For borrowers the main obstacle exists in finding the best mode of repayment of the loan to the bank in certain duration or period of time. So if you are thinking of opting for a home loan, all you need to do is lookout for the best deal to get a home loan with your most suitable way of repayment of the loan that should not burden you with the time factor during repayment.

Read More : -

1) Your Home In City That Hosts Kumbh Mela

2) Nashik Is The 4th Fastest Growing City In India

Your Home In City That Hosts Kumbh Mela

Nashik is an important city of Maharashtra- the economically and socially the most advanced state in India. The city with geographical proximity to Mumbai- denoted as the economic capital of India, has influenced its growth in post independence years. Developments in the past two decades have completely transformed this traditional pilgrimage center into a vibrant modern metropolis and the city, now, is poised to become a metropolis with global links. New Nashik has emerged out of the dreams, hard work and enterprising spirit of local and migrant people.

Nashik, at present, is one of the most talked about places. The city is not only the land associated with stories from the Epic Ramayana and is referred to as 'Rambhumi' but also is renowned for the world famous fair named Maha Kumbh Mela, held once in every 12 years. Kumbh Mela is the largest gathering of people for a religious purpose in the world. Millions of people gather in different places for this auspicious occasion. Kumbha is a Sanskrit word for Pitcher, sometimes referred to as the Kalasha. Kumbh Mela is celebrated four times every 12 years, the site of the observance rotating between four pilgrimage places on four sacred rivers: at Haridwar on the Ganges river, at Ujjain on the Shipra, at Nashik on the Godavari, and at Allahabad on the confluence of the Ganges, Yamuna and the mythical river Saraswati.

With this huge event coming up in the city this year, the Maharashtra Chief Minister Devendra Fadnavis has ordered the installation of CCTV cameras in Nashik for the upcoming Sinhastha Kumbh Mela. While replying to a question raised by NCP's Hemant Takle, Fadnavis said the state government plans to make the Kumbhmela into a "brand" that would attract tourists from across the world and thereby, generate employment.

This would not only attract people to explore the city with rich cultural heritage, but also make the city more secure for people who are staying in the city or willing to buy property in the city. If you too are willing to make a property purchase then hopefully this blog shall help you overcome that dilemma of whether to buy property in Nashik or somewhere else. The city has grown in real estate sector over the past three decades. The people of the city have been provided with excellent residential complexes and apartments with world-class amenities. CREDAI NASHIK is an association of professional builders and developers in Nashik. The association has over the years expanded its field of operation and activities. The Old perception of builders in the eyes of the government and the public was sought to be in the right perspective through the efforts of the association.

Read More:-

1) You too think of this?

2) Why Investing in Real Property from Credai Nashik is a Good Decision