Things to Keep in Mind before Buying Homes in Retirement

Read on to know about the essential things you should keep in mind as you are buying a new house during your retirement years.

The Budget: It is one of the most crucial factors in home buying as you cannot part with your savings or go for a home loan. Thereby, you must buy a home according to your budget and stick to it. Getting extravagant will mean spending your savings, which is not advisable. Instead, you should look for a home with maximum benefits within your budget.

The Location: Once you are sure of the budget, look for a house in a good locality. It should be accessible from the city centre and in the vicinity to shopping centres, hospitals and other places of convenience. There should be grocery stores, pharmacy, ATM, banks and things of everyday needs in proximity. It will help you to live an independent life in your retirement phase.

The Security: When you are buying a house during your retirement years, you should ensure that it is safe and secure. There should be 24*7 security personnel managing the condominium and CCTV cameras spread throughout. It will instil a sense of security, and you can go and live with your kids or extended family carefree for days.

The Leisure: Retirement doesn’t mean you should not enjoy your life. Instead, it is time when you can pursue your long-lost hobbies. So, look for a house in a township with many amenities. You can go for a walk anytime during the day, take up yoga, spend time with elderly citizens living in the township, go swimming and more. You should try to look for maximum amenities within your budget.

Space: As you age, you should look for a house, which is easy to manage. If you have to compromise on space for better locality and more amenities, it will be worth it. So, if you are getting a 2 BHK in a safe and well-equipped township, then it will be better as compared with buying a 3 BHK in a township with no amenities.

If you are planning to invest in real estate in Nagpur, then visit Vrindavan flats. It is a beautiful and spacious township near the city centre and comes loaded with amenities. There is a clubhouse, shuttle, swimming pool, temple, garden, shopping complex, multiplex, 24*7 security with gated community, hospital and ATM services. You can live your retirement years and make unlimited beautiful memories. Every festival gets celebrated here, and you will always feel at home. Your children and extended family will also enjoy spending time in this splendid township. Moreover, there are different types of units and configurations available. You can live in a high-rise, row house, duplex or bungalow. Choose among the many options available and live the golden years of your life in this golden nest – Vrindavan, one of the finest Nagpur properties. 

Check more projects and other info at https://vrindavan.co 

Impact of GST on Nagpur Properties for Sale

The Goods & Services Tax (GST) ushered an era of unified taxation system across the country. Implemented two years ago in July 2017, GST was looked upon as a game-changer for the Indian economy. It is one of the most radical taxation reforms and a welcome move across sectors as it led to the end of the cascading effect of taxation. It helped people understand tax by simplifying it and facilitating greater tax compliance. GST has a significant impact on the real estate sector, mainly the new projects. Know more about the impact of GST on the property sector at large and in Nagpur in particular.

One Tax for All
GST hails an era of uniform and transparent taxation system in the real estate sector. You can easily identify and understand the taxation component.

Under the earlier taxation system, a buyer and investor had to pay multiple taxes depending on the stage of property construction. If you were to buy an under-construction property, you would end up paying VAT, service tax, stamp duty and registration charges. On the other hand, properties after completion were exempt from VAT and service tax. Moreover, the tax levied varied from state to state.

With the implementation of GST, there is only one tax, which you need to pay, and it will highlight as GST in your property documents. All under-construction properties get charged at 12% of the property value. Other than this, only the stamp duty and registration charges get levied. After the recent amendment in the GST Act, the rate has further reduced to 5%. However, this change will depend on the developer. If the developer goes ahead with the 5% GST slab, then you and the developer will not benefit from the input tax credit.

Reduced Construction Cost
With one tax, input tax credit benefit and uniform tax on logistics, the construction cost has come down and is a win-win the situation for developers and home buyers.
 
As the multiple taxation era ended with the implementation of GST, there has been a decline in the cost of house construction. The property prices have come down in every Indian city, and the trend is visible in Nagpur homes too. Further, what is making buying homes lucrative for investors and buyers is the input tax credit under the GST regime.  

Input tax credit essentially means that the developer can deduct the tax paid on the purchase of the inputs at the time of paying the final tax. For instance, the tax paid in the process of buying different materials can get adjusted from the output tax. This is another significant benefit of GST for the home developer and buyer. In the pre-GST era, the taxes paid on inputs were not waived off from the output tax. Thereby, the developer and buyer had to pay dual tax.

Another prominent reason for reduced construction cost is the applicability of GST on the logistics sector. The transition of goods is easier and smoother with a reduced tax rate.  

If you have been planning to buy a home and pushing it for the tax concerns, then now is the time to take the leap. After two years of the implementation of GST, the teething concerns have got resolved, and now you can benefit from a uniform, easy to understand the tax system and pay relatively less price for a house. 

You can explore new township projects in Nagpur and make the most of the post GST era. If you are looking for a new flat scheme in Nagpur with GST benefits, then pause your search on Vrindavan. The exquisite township designed by Radha Madhav developers will be worth exploring. Spread over acres of land, it comes loaded with amenities and offers an ultra-luxurious living experience. Know more about this best township in Nagpur and book your home today.

Inspiring Ideas to Make your Home Fresh with Curtains : Vrindavan Nagpur

Are you planning to decorate your home? Doing up the interiors of a new home is exciting and tedious. However, you can make the task simple by taking up one thing at a time. How about starting with curtains? Windows are central to a room, and the window design can change the look and feel of the space. Make inspiring homes with designer curtains using the below ideas

Modern or Contemporary Appeal: If you want to give a contemporary appeal to your home, then get curtains with large prints in bright shades. It will garner all the attention and provide a modern feel to the room. If going for a traditional effect is on your mind, then look for curtains in small prints in light hues. In such a case, other furnishings will take centre stage

Light or Luxurious Feel: For that inspiring appeal, play with light or heavy fabric curtains. If you want that cosy and warm ambience, then get heavyweight curtains and give your room an inviting vibe. However, for a light and breezy feel, nothing can be better than a pair of wispy sheers. They will allow sunlight on those bright sunny days and keep the home lit up even during the grey weather. Alternatively, you can pair blackout and sheer variety, layer-up and give a luxurious feel to your home.

Create a Focal Point: With curtains, you can easily make a colour pop or focal point of the room. If you plan to paint the walls or get furniture in light hues, then you can add a dark colour curtain. It will gather attention in the room and become focal to it. You can keep the look and feel of the room but add some interest with contrasting curtains.

Get Nature Inspired: Merge the indoors with outdoors and show your love for nature with curtains in leafy or floral prints in natural colour tones. It will give a comfortable feel to space and is ideal for modern and retro style decor. You can also think of such a window design for a room with adjoining garden space.

Dramatise or Keep it Simple: Irrespective of the curtain you choose, the way you hang it can give it a different feel. If you want to dramatise, then hang the curtains a few inches below the window frame. However, for a simple and straight forward approach, hang them according to the frame size.

Use these curtain ideas to design your new home. However, if you are still in search of a nest which you can design as you fancy, then visit the Vrindavan township in Nagpur and Wardha. Close to nature and spacious, it is one of its kind townships by Radha Madhav developers. There are homes of different configuration and layout options too. They have many amenities that will spoil you with choices. Plan a site visit and invest in these homes in Nagpur and have a great time designing an inspiring abode.

Why Buy 2 BHK Flats in Nagpur with RERA Registration?

The Real Estate Regulatory Act (RERA) has been watershed in the history of the real estate sector in India. Passed in 2016, RERA came into effect on 1st May 2017 and Maharashtra was one of the first Indian states to implement it. Even after two years of its implementation, RERA remains a work in progress in most states of India. It has been successful in ushering a new era in the real estate sector. RERA was implemented to protect the interest of home buyers and to give a boost to investment in the real estate sector. Its success lies in the fact that today, every home buyer asks for the RERA registration number of the project, before investing.

Invest in 2BHK Flats with RERA RegistrationWhen it comes to investing in 2 BHK apartments in Nagpur or any other Indian state, it is essential to ask for the RERA registration number. It empowers you in many ways.

These include,

• Your prior consent on any minor addition or change in the project.
• Consent of 2/3rd allottees is required before making any alterations or additions in the project.
• The project promotion can be done only with the RERA number.
• Sharing information like project layout, government approvals and land title status are necessary.
• The money you give to the developer 70% will get parked in the escrow account.
• Timely completion of the project and delivery.
• Improvement in construction quality as for every defect, there is a five-year onus on the developer.  
• Formation of RWA within the specified time frame or 3 months after most of the units get sold.

RERA & Maharashtra 
If you plan to invest in an under construction or ready to move in project in Maharashtra, then you should ask for the RERA number. As Maharashtra was one of the first RERA compliant states, most authentic projects will have a RERA number. According to a report of Money Control, Maharashtra has been one of the most active states with so far 20718 projects registered under MahaRERA. So, ask the developer for the RERA number before investing.

Invest in 2 BHK Rowhouses in Nagpur, Wardha, Gondia, AmravatiBeing a RERA compliant state, it is ideal to invest in projects in Maharashtra. If you are looking for apartments or row houses in a planned township, then visit Vrindavan. Located in Jamtha, Nagpur on the Wardha road, it is a vast and well-organised township with rowhouse and flat option and loads of amenities. Moreover, the project adheres to every compliance and norm. There is a RERA registration number tooVRINDAVAN PHASE 1: P50500002672&GOKUL: P50500000854.

Being a RERA compliant state, it is ideal to invest in projects in Maharashtra. If you are looking for apartments or row houses in a planned township, then visit Vrindavan. Located in Jamtha, Nagpur on the Wardha road, it is a vast and well-organised township with rowhouse and flat option and loads of amenities. Moreover, the project adheres to every compliance and norm. There is a RERA registration number tooVRINDAVAN PHASE 1: P50500002672&GOKUL: P50500000854.

You can visit the Maharashtra RERA website and get all the necessary project details on https://maharera.mahaonline.gov.in/site/47/Introduction.

So, looking at Nagpur flats as an investment option? Then you can also plan a site visit and explore the Vrindavan township.

Alternatively, you can know more about Vrindavan from https://vrindavan.co/.

Race for Buying 6Bhk Row houses in Vrindavan Nagpur & Wardha

The real estate industry is at the cusp of a revolution. The premium affordable homes are emerging as a beacon of hope for the aspirational home buyers. This concept is gathering momentum in every metropolis, tier 1 and tier 2 cities. With a surge in the white-collar migratory workforce and higher disposable incomes, affordable luxury homes are becoming a trend. There is a demand for something extra, something more than the usual, “normal homes”. Some of the prominent reasons why luxury home buyers are choosing spacious and premium homes include, 

A Desire for Spacious Living: When you can buy a spacious home and provide the much-needed space for every family member, then compromising should not be a solution. With this approach, most millennials look for large dwellings in which everyone gets their space and feels at home. Moreover, home buying is an investment and changing it is not easy. So, if you can afford, prefer to buy a big apartment thinking from the future perspective. Buying and selling the house or shifting is not easy. Thereby, you should look for a spacious home from comfort and easiness point of view.

Comfort is Primary: When living in different cities for work, you will have people coming from your native to meet you. It is a common scenario. As a luxury home buyer, you desire absolute comfort for yourself, your family and guests visiting you. By opting for a large dwelling, you can easily spare a room for the visiting guests and other family members will also not have to adjust. So, buying a spacious home works well whether you have a small or big family. 

Status Symbol: There is almost a race for bigger and spacious dwellings. It is also a way of exhibiting one’s economic status. When you are leaving your native city and travelling across the globe in the lure of better jobs and pay packages, you will desire to show your new status. Buying an affordable luxury home is the perfect move in this direction. It caters to your status and provides a sense of security.

More Security, Better Neighbourhood: Such spacious dwellings come at a price and are made at the perfect location, offering fool-proof security and safe neighbourhood. Your generation that of the millennials is willing to pay that extra price for a conducive location and community. It also works as the perfect way of providing the favourable environment to the kids during their growth years.

Amenities A Galore: Most home buyers require every facility within the vicinity. They are willing to pay the price for it, however, are not willing to compromise. The bigger and better the township, the more amenities and comforts one can experience. From the clubhouse to the sports arena, shopping complex to schools, you can get every convenience and luxury.

It is this trend of luxe and spacious living, which is on the rise in Nagpur. The smart city in the making is becoming a new home for those who are moving here in search of jobs and even the natives who want to explore the new Nagpur. It is this migratory and inherent population of Nagpur, which is looking for spacious, safe and superior living experience. Are you also among those looking for the best township in Nagpur in the best location? Then, explore the Vrindavan project, which has 1 to 6 BHK apartments and row houses, and is changing the concept of community living. You can seek solace, your time and indulge in an array of community activities whenever you desire. The Vrindavan township is one of the finest Nagpur properties that offers you luxury and comfort, the perfect, secure neighbourhood and something to match your status. If relaxed, serene and happy lifestyle is your requirement in a large community, then explore this township spread over 111 acres.

Know more about this project and buy the best home in Nagpur.   

New Growth Stories Unfold in MIHAN : Vrindavan

Nagpur, the Smart City in the making, is expected to transform into the most eco-friendly, liveable and Edu-city of the country. There is also formidable economic growth taking place in the city, and the growth story of MIHAN is the perfect example.

• The Dhirubhai Ambani Aerospace Park (DAAP) is coming up at MIHAN-SEZ.
• The Thales group and Turgis et Galliard of France have been allotted land in this area.
• Thales is setting up its radar manufacturing unit, which will cater to French aircraft manufacturer Dassault.
• Dassault is already opening a unit in MIHAN SEZ with Reliance. This joint venture will be known as Dassault Reliance Aerospace Limited (DRAL).
• There is one more unit that Thales will be setting up. This is a part of the 30,000-crore offset obligation that is due because of the 36 Rafael aircraft purchased by India.
• Turgis et Galliard has 2 acres of land in this SEZ. It plans to set up an ammunition handling equipment unit.

• Even TCS got another 50 acres of land for a software unit.
• Patanjali has also acquired over 230 acres of land outside the SEZ area and has finished the construction of its first phase. Its trial production is expected to start in June.

The growth story mapped above refers to some of the recent developments taking place in the MIHAN SEZ area. However, much progress has already taken place ever since the idea got conceived. The state government of Maharashtra had decided on this composite project to overcome the regional disparity in the state. The Multi-Model International Passenger and Cargo Hub Airport at MIHAN comprises of the existing domestic airport of Nagpur, international passenger and cargo hub and huge SEZ (Special Economic Zone), bordering the airport. 

Spread over 2000 acres of land this SEZ houses various IT, electronic goods, pharmaceuticals, garments, gems and jewellery industries. The road terminal is getting designed in a manner that 900 trucks can get parked at a time with a vast warehouse, cold storage and open stockyard. Alongside, a rail terminal is proposed to handle two trains at once. 

There are already some leading companies across sectors and verticals that have bought land in MIHAN SEZ. Among others include Mahindra System, L & T Infocity, DLF, HCL Technologies, Wipro Technologies, Air India (Boeing Inc), Haldiram, Lupin Pharma, Infosys and Kolland Developers Pvt Ltd. With some prominent names established and coming up in MIHAN SEZ, the time is ripe for investing in localities in proximity to this SEZ area. One such project in which it will be worth investing is Vrindavan township in Jamtha Nagpur. It is nearly 1.7 km from MIHAN SEZ.

Close to the SEZ, this township is also just 12 km from Butibori Industrial Estate and 10 minutes from Dr Babasaheb Ambedkar International Airport. There are also several other schools, colleges, IT parks and commercial establishments close to Vrindavan. Besides the location advantage, making Vrindavan the ideal place for investment is the ultra-comfortable lifestyle that it offers. There are every amenity and luxury offered to the residents. Live surrounded with lush green landscape, walk to work and celebrate life; it is such a surreal experience that is in store for you. 

Moreover, there are different investment options that you can explore at Vrindavan. The residential options include 1-4 BHK apartments, 1-2 BHK row houses, 4-6 BHK bungalows and 3-4 BHK Duplexes. So, you can choose your abode according to your requirement. Connect with the team, to explore the many options and make the right real estate investment in the ideal neighbourhood with unmatched facilities and amenities galore. 

Best Place to Buy the Home of Your Dreams in Nagpur : Vrindavan Nagpur

“You have to dream before your dreams can come true”, said APJ Abdul Kalam. If you have already visualised your home and are planning to give form to your dream, then deciding on the place should be the first step in this direction. The location should be given precedence when it comes to buying your dwelling. If you invest in an area where formidable growth is taking place and much is in store for the future, then such an investment is bound to reap benefits soon. 

Moreover, you can always revamp your home, however, if the decision of the location goes wrong, then relocating is the only alternative. So, look for a safe, secure and cosy neighbourhood to buy your dream home.

If you are looking for one such area in Nagpur, which is perfect for investment and the best place to buy your dream home, then explore Jamtha. Strategically located with every amenity and convenience Jamtha is perfect for young couples planning to buy their first home, for families and retirees. It is well-connected with every part of Nagpur, home to several entertainment options and has many schools and hospitals making it the ideal place to buy a house in Nagpur.

Read on to have an insight about Jamtha and why it is where your search for your dream home should start and end?

Strategic Location: The location makes Jamtha a sought-after location for buying a property. It lies outside the Nagpur Outer Ring Road (ORR) and across the National Highway 7 (NH7). From the Nagpur ORR, you can easily travel to Wadi, Hingna, Parsodi and other areas of Nagpur. Likewise, the NH7 passes from Nagpur and connects to cities of Bengaluru and Varanasi. You can also reach the prime locality of Wardha from Jamtha using the NH7. Wardha is another prime locality of Nagpur and the Wardha road is situated on NH7. Even the MIHAN SEZ is just 8KM from Jamtha and you can reach there via the Wardha road. Besides, the industrial hotbed of Butibori Industrial Estate is also around 12KM from Jamtha.

Strong Transportation Network: The city of Nagpur offers an array of transportation mediums. You can travel to the city using different public transport systems. There are several public buses plying on this route. Besides, there is metro connectivity in this area. Among others, the Old Airport Metro station and MIHAN city metro station are nearby. There is also a metro station under construction near Vrindavan township in Jamtha. There are also two railway stations nearby.

 The Gurgaon Railway Station is around 5KM and Khapri Railway Station is about 5.5KM. Even Dr Babasaheb Ambedkar International Airport (Nagpur airport) is only 10KM from this area.

Expansive Social Infrastructure: There are constant growth and development in this area. Jamtha has many prominent schools and colleges. Among others, there are St Vincent Pallotti College of Engineering & Technology, Montfort School and Suretech College of Nursing. There is also the Swami Vivekananda Medical Mission hospital in this locality. Besides, there are various other social amenities like the Vidharba Cricket Association Stadium, football stadium and hotels like Radisson.

Unique Integrated Township: In Jamtha, Nagpur there is a one of its kind integrated township project called Vrindavan by Radha Madhav developers. Spread over 111 acres, the township is designed like one big family. The developer also stays in the vicinity and organises every event and occasion and celebrates with everyone like a family. This is one of the unique aspects of this township. Besides, there are many other amenities like shopping complex, mini-cricket stadium, multiplex, ATM services, 24*7 security, shuttle service and more. There is almost every basic and additional amenity in Vrindavan that should be there in a township.