The Housing Boom in Jaipur.
Jaipur, the capital city of Rajasthan, is currently experiencing a significant housing boom, driven by a combination of economic development, infrastructural growth, and increased real estate investment. Here’s a brief overview of the key factors contributing to this trend:1. Urbanization and Population GrowthJaipur has seen rapid urbanization, attracting people from nearby towns and rural areas.A growing middle class and increasing demand for modern housing are fueling residential real estate development.2. Infrastructure DevelopmentKey proj...
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What is a Flexi-Payment Plan in Real Estate?
A Flexi-Payment Plan in real estate is a type of payment scheme offered by developers that allows homebuyers to pay for a property in flexible installments based on construction progress, along with an upfront portion at the time of booking.How It Works:Typically, the Flexi-Payment Plan looks like this:10–30% payment at the time of booking or agreement signing.40–60% payment in multiple stages linked to construction milestones (e.g., basement completion, floors, roof).10–20% on possession or handover.Advantages:Reduces the initial financi...
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Why Should Home Buyers Consider RERA Carpet Area?
Homebuyers should consider the RERA carpet area because it provides a clear, standardized, and legally binding measurement of the actual usable space they are paying for—eliminating confusion and protecting them from misleading claims by builders.What is RERA Carpet Area?Under the Real Estate (Regulation and Development) Act (RERA), carpet area is defined as:“The net usable floor area of an apartment, excluding the area covered by external walls, areas under services shafts, exclusive balcony or verandah area, and exclusive open terrace are...
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What Are BOI and IMGC Home Loans?
BOI and IMGC Home Loans: Making Home Ownership EasierBuying a home is a big milestone, but for many, especially first-time buyers or those with limited credit history, securing a home loan can be challenging. That’s where BOI (Bank of India) and IMGC (India Mortgage Guarantee Corporation) step in with a unique solution: IMGC-backed home loans.What is an IMGC Home Loan?An IMGC home loan is a special type of housing loan where the India Mortgage Guarantee Corporation guarantees repayment to the lender in case the borrower defaults. This reduces...
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10 Essential Tips for First-Time Homebuyers
10 Essential Tips for First-Time HomebuyersBuying your first home is exciting, but it can also be overwhelming if you're not prepared. From budgeting to legal checks, each step needs careful attention. Here are 10 essential tips to help first-time homebuyers navigate the process with confidence.1. Assess Your Financial ReadinessBefore house hunting, check your credit score, monthly income, existing EMIs, and savings. You’ll need funds not just for the down payment, but also for registration, taxes, and moving costs.2. Set a Realistic BudgetDe...
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