Eligibility Criteria for the PMAY Scheme

The Pradhan Mantri Awas Yojana is an initiative undertaken by the government of India to provide affordable housing facilities to all sections of the society. The scheme aims to build over 20 million affordable houses over the next few years, in order to ensure that every citizen of India has a home to call his or her own.  The scheme aims to provide affordable housing to both urban and rural residents of the country. It was launched by the Prime Minister in the year 2015. In essence, the PMAY scheme aims to provide a subsidy on housing loans to prospective homebuyers. The extent of the subsidy will vary depending on the socioeconomic status of the homebuyer. The houses constructed under the PMAY scheme shall be built so as to be eco-friendly and sustainable.

Mentioned below are the broad outlines of the eligibility criteria that those wanting to apply for the Pradhan Mantri Awas Yojana must meet:

• The applicant must not own a pucca house in any part of the country. The immediate family members of the applicant should also not own such a house in India in their names.
• The applicant must never have availed the benefits of a central or state housing scheme in the past. Nor should any of his or her immediate family members have done so.
• The property that shall be bought under the PMAY scheme must be wholly or partly owned by at least one adult female member of the applicant’s family.
• The property must ideally be located in a statutory town, as defined by the 2011 census. The property can also be located in the adjacent planning area of one such town.
• The household income of the family applying for the PMAY scheme must not exceed the amount of rs.18 lakh per annum.  

These are some of the factors that you must keep in mind if you are planning to apply for the Pradhan Mantri Awas Yojana and thereby build a house of your own. You should visit the websites of some of the most renowned property developers in the country to know more about the best residential projects developed under the PMAY scheme.

3 Factors to Consider While Buying a Property in Ghaziabad

With a new home bought for family members comes a sense of fulfillment. After all, one has been able to fulfill their dream of buying a new home. If you are also looking forward to buy a home, you need to know more about the experience of those who recently moved to their new homes. As an investor or property buyer, your decision to buy a particular property in Ghaziabad needs to be based on market research. Ghaziabad is a part of Delhi NCR region which has become one of the prime locations for residential properties. There are a number of top rated real estate groups having their residential and commercial projects built in this location. Still, it is important to consider certain important factors while making an investment in properties in Ghaziabad.

Buying a home for the first time in life and not sure what to consider while buying a new property? Here are three factors to consider while buying a new home:

1. Location of the Property You are Willing to Buy

First and foremost, you need to check the location of property you are planning to buy. An investment in the real estate sector, particularly when buying a new home, should not only be made solely on your first impression. Location of a property matters a lot and it should make your life more convenient than ever before, be it in terms of nearness to your office and similar other benefits.

2. Social Infrastructure Around

The place where you are planning to buy a home should have all social infrastructure facilities including schools, hospitals and market places built nearby. Your life in your new home depends a lot upon these facilities. So, it is important to buy a property in a location that has these facilities at a conveniently accessible distance.

3. Regular Maintenance Cost

While considering factors like regular water supply, round the clock electricity, power backup and other facilities before buying a property, you should also consider the regular maintenance cost. The increasing trend of living in flats and apartments in high rise buildings comes with regular maintenance cost too. So, you need to know this regular expense you need to shell out as per the location of the property you are buying.

Uppal Chadha Wave City, with its well-built reputation in the real estate market in Delhi NCR, is a well-known residential real estate project in Ghaziabad. You can think of buying affordable flats and modern homes with them, and can get all standard amenities for an improved lifestyle.

Key Benefits of Having a House in Wave City

Uppal Chadha’s Wave City is a beautiful and well-planned township spread across 4500 acres of land. It is situated at NH 24 and is just 30 minutes away from Delhi. The development is a blend of residential and commercial properties and offers state-of-the-art independent floors, high rise and mid-rise apartments, villas, shops, and office spaces.

A few of amazing features offered in the Uppal Chadha Wave City are IT Parks, golf city, education city, sports academics, uninterrupted power supply, medi-city, intelligent garden city, heliport, pollution free environment, and world class energy saving system.

Let’s take a look at the key benefits of having a house in Wave City.

· Wave City is in close proximity to Delhi. Also, it is just 10 minutes away from the proposed metro station and Indirapuram. Additionally, the roads of the city are well-planned and they provide real-time traffic information to the citizens of the city for their comfort.

· Every unit offered at the Wave City is developed in a way that it meets international standards and offers fine living experience to the citizens. A few of the attractions of the properties are soaring ceilings, lavish bedrooms, modular kitchen, and electronic lock.

· Prioritizing the comfort of the citizens, Wave City offers numerous amenities, such as 70-acre Park with a lake, sports complex, gymnasium, parking area, leisure & Recreation, and safety and security.

· The residents of the Wave City also gets to enjoy sustainable environment through smart and technologically driven solutions that facilitate the citizens to interact with the administration and get information in real-time. The modern features of the Wave Tech city include water management system, air quality measurement system, waste management system, street light automation system, solid waste management system, security management system, weather station, and portal traffic and transportation management.

Wave City is not only a modern development project but also a dream come true for people who are looking for a house equipped with high technological features.

Security Features Offered By Modern Residencies in Ghaziabad

Home security has become an increasingly important concern for property owners, especially those living in the metros and the NCR. The security of a house does not only entail financial or monetary security but also plays a key role in safeguarding the well-being of the residents. Every person wishes to be welcomed back at home with the smiling faces of his/her family members after a long at work. However, as the popular saying goes “wishful thinking is not a strategy”. The growing crime rates and cases of criminal offense in cities throughout the country, especially those in the NCR cities like Ghaziabad and Gurgaon serve as a bitter evidence of the truthfulness of this phrase. A sudden break-in or burglary can result in devastating consequences, both financially and emotionally. While the monetary loss incurred in such circumstances can be recovered, the injury caused to the residents of a house can leave severe lifetime consequences. 

Due to these reasons, it has become extremely important to ensure that your residence has an advanced security system, which can provide you with the assurance that your family members, as well as your assets, would be optimally secure inside your living space. 

Security systems available in modern apartments in Ghaziabad

Premium properties available for sale in Ghaziabad, as well as other NCR Cities like Gurgaon and Noida now offer cutting-edge security features to their residents for enhanced security from burglary and theft.  

Some of these security features are:

• Fully gated and highly secure communities
• Cameras that capture high-resolution images of both incoming and outgoing vehicles
• Access to only restricted vehicles
• Enables tracking of unauthorized vehicles
• Video footage up to 3 months can be archived for retrospective inspection
• Special panic buttons for the safety of the public
• Automated street lights for enhanced security
• Tag-based access
• Access limited to authorized persons
• Round the clock surveillance
• Advanced video analytics for access system
• Specialized Alarm systems connected to phone and email of residents

Therefore, if you are planning to settle down in a Metro city like Ghaziabad or Noida and are looking for a property for sale while doing your research you must first scrutinize the security features that are present within the premises of the residential tower or complex where you intend to buy the apartment.