BEST LOCATION, BEST FACILITIES, BEST THEME YET MOST REASONABLY PRICED LUXURY PROJECT
ARANYA: DESIGNED TO MEET YOUR ASPIRATIONS.
Close your eyes and imagine, a lush green forest where the gentle breeze keeps enveloping you in its comforting embrace, the ripples from the smooth sailing river gently touch the chords of your heart and create a soul enriching melody of serenity. And when you realize that this is where your dreams end and life begins, then ever so gently open your eyes… And join us at ARANYA. The best ever forest themed luxury project in NCR by the Unnati Fortune Group with facilities that match the highest of international standards.

Spread over eighteen acres of prime land, ARANYA offers two and three bedroom luxury project at sector 119, Noida. The Aranya justifies its name in all spheres. As you may be aware that Aranya is a Sanskrit word, which means green bountiful...

A recent judgment by honorable Supreme Court indicting a Gurgaon builder for neglecting commitments to his clients has sent shockwaves among real estate community. It has not only caused aspersions on our community but re-ignited the fears among the prospective buyers too.
In this scenario of suspicion and disbelief, I, Anil Mithas, CMD, Unnati Fortune Group would like to assure our clients that Unnati Fortune Group would always stand by its commitments. To us, our client is God. I call our client as God because our group assigns highest importance and priority to his/ her satisfaction and wellbeing. We believe that we owe our existence to our client and we cannot ditch the person to whom we owe our existence.
Unnati Fortune Group has always upheld highest standards in terms of conceptualization and construction of projects and pre and post possession services. Thousands of our...

UNNATI FORTUNE GROUP TO ANNOUNCE DIWALI BONANZA FOR HOME BUYERS
The decision of the State Bank of India, country’s biggest bank, to slash interest rates on housing loans up to 0.15 per cent and remove the slabs for advances ahead of festive Diwali season has brought cheers to many aspiring home buyers.
Besides SBI, HDFC has also reduced interest rates on loans above Rs. 75 lakh to 10.15 per cent.
As per SBI, home loan of any amount would now be available at 10.15 per cent whereas for women borrowers, the rate of interest would be 10.10 per cent. The base rate, or the minimum lending rate below which the bank cannot lend, is 10 per cent. SBI has also now removed two home loan slabs – under Rs. 75 lakh and above Rs. 75 lakh.
SBI has now decided to offer uniform interest rate on home loans with effect from August 26, irrespective of the loan amount.
The background for these decisions was...

With the steady growth of business in urban suburbs, travel executives from India and abroad frequently travel to business hubs and spend weeks and months working from different locations. Staying at hotels for such long periods is costly and this is where serviced apartments offer an alternative.

Serviced apartments are a convenient and cost-effective fully furnished accommodation option for leisure and business travellers looking for extended-stay accommodation that resembles home conditions. With a small kitchen and rooms generally more spacious than in a hotel, they also come with all modern communication facilities such as telephone, wi-fi connection besides housekeeping staff and a concierge service.

For house owners, it throws up a new opportunity and an alternative way of putting their premises on rent. The concept of serviced apartments in India started in 2003-04...

Commercial real estates are in most cases investment or income properties. It includes offices, malls, restaurant, shopping complex, warehouse, multi-family apartment, multiplexes, etc. Many people swear by commercial real estate as a great opportunity to get huge returns on investment and it has indeed turned out to be gold for many an investor. But be warned that as an investment proposition it is far riskier than residential properties.

The first rule therefor always is caution. Anyone who plunges blindly into the trail of others is surely going to regret sooner or later. One should start by finding the right developer and find the right place for them at the right prices.

For investors, choosing the right property developer is extremely important in order to generate high return on investment. Some attribute investors should keep in mind when approaching commercial real estate...

Hemant, a software engineering graduate was confused as to what to do after graduating. The confusion was because of obvious reasons as he got a job in a top IT company through campus selections whereas he had aspired to do his MBA through some good Institute, as his cousins had done so.
This state of confusion was traumatic, as leaving anything for the other was infusing a sense of loss. His obvious consultants, parents, friends, cousins, elder brother and seniors at college, all had different solutions for this problem which evolved because of their own mind set.
Hemant, as the luck would have been, met me and discussed things and position of dilemma he was in. I observed that his inclination was also shifting as within a span of fifteen minutes with me, he had as many reasons to go for one thing as not going for it.
I asked him for his birth details so that I could draw his...

The medical fraternity in India has never had a single window opportunity to invest smartly in real estate. Considering the round the clock professional commitments they keep, they rarely get the time to look at real estate as a critical component of their service offering - that can help take their services to new residential & business catchment and meet an ever-growing demand. With rising lifestyle diseases, greater health awareness and increasing insurance penetration, there is a strong demand from upcoming urban mid to high-income residential settlements for quality healthcare.
Most often doctors are left at the mercy of misleading estate agents who would lead them to buy either overly expensive commercial properties at high footfall areas for their clinics or suggest unviable locations without any guarantee of footfalls or return on investment.
Things have changed since. Now the...

Yes, Indian laws do allow gifting of a property. Under section 122 of the Transfer of Property Act, 1882, one can transfer immovable property through a gift deed. The deed should contain one’s details as well as those of the recipient. However, section 123 of the Act says gifting a property is valid only if the documents of transfer are registered with the local magistrate or the registrar. The registration is done in the presence of two witnesses.

As in the case of buying a property, you need to pay stamp duty to the registrar. State governments offer a concession on stamp duty rates if the property is gifted to blood relatives, although this varies from state to state. When the property is gifted to a person outside the family, the stamp duty is higher and is applicable according to the rules of a normal transfer of property.
But by not registering the gift deed, the gift is...

This year’s budget has a lot of welcome proposals for the real estate sector, especially for a residential investment point of view.

The sector is likely to be stimulated by the proposed increase in tax deduction for home loan payments on self-occupied houses. The budget proposes an aggregate annual increase of INR100,000 in deduction from taxable income – the deduction for interest payment on housing loans has been increased to INR200,000 from INR150,000 and that under Sec. 80C (which includes principal repayment on housing loans) to INR150,000 from INR100,000.

To put things in perspective, for a person who has an INR2.0m loan carrying a 10.5% interest rate and repayable over 15 years, the reduction in monthly outflow would be about 11%. This change will immediately benefit all owners of mortgaged properties. Demand for residential real estate may also pick up as the monthly outflow...