If you are a beginner and don’t have much knowledge regarding the luxury plots in Lucknow, then, it is advisable to take a look at these myths and the reality behind them. This will in turn serve as a handy guide for you to finalize the best deal without getting influenced by the preconceived notions or myths related to investment in Lucknow.

Myth#1: RERA covers all the projects

Fact:

Most of the people think RERA covers all the projects when it comes to investment. However, this is one of the common myths presumed by the investors. The fact is that projects with 500 sq meters or more or more than eight units get covered by the RERA. It further implies that according to RERA guidelines, all residential and commercial projects with more than 500 sq. meters or land having more than 8 apartments must register with the regulator before the launch.  To make the project RERA compliant, the builder needs to get it registered with the state regulator.

Myth#2: You should always invest in metros

Fact:

Many people think that the best deals on real estate are available in tier-1 cities or metro cities. Nevertheless, the fact is that rental incomes are often higher on paper from property investment in metros. The appreciation can also be low on most of the investment deals carried out in the metro cities. It also implies that despite the low appreciation, the price of property is higher in the metro cities as compared to Tier 2 and 3 cities. Apart from this, better LDA-approved plots and property prospects can be checked in Tier 2 and 3 cities than in Tier 1 cities. Hence, it is advisable to invest in a high-potential market that can promise higher appreciation for property in the future.

Myth# 3: Your buying decision should be guided by the market condition

Fact:

It may be partially correct, but, many investors overlook the affordability of the market or property before making the final decision.  On a practical note, it is wise to invest in a market that seems to be affordable for individuals. However, it is also imperative to make a well-informed decision backed by the goals related to property purchase. In this process, the proper financial planning, the required number of installments, and the financial health must be evaluated. If you are not sure about the breakdown of financial planning segments, then, Agrasheel Infratech can help you with the same. Furthermore, we will recommend a feasible option of investment that addresses your requirements. Needless to say, the property will be budget-friendly and assure high appreciation in future.

Myth#4: Plots are not a safe investment

Fact:

The idea is to choose the trusted real estate developer and stay assured about the safe investment. Since the documentation, LDA, and RERA approval with the legal due diligence are addressed with utmost expertise & precision, booking an LDA LDA-approved plot in Lucknow will be a right decision. At Agrasheel Infratech, we focus on customer-centric approach to recommend the affordable to help clients crack the best deals according to their budget.

Myth#5:Developers delay project deliberately

Fact:

This is completely a preconceived notion or a reflection of a bad experience in the past. On the contrary, if you partner with Agrasheel Infratech, we abide by the RERA guidelines and comply with all the updated guidelines while addressing the requirements of our clients. Therefore, it is obvious that we ensure timely project completion and provide the best-in-class realty services along with practical investment recommendations.

In case, you still have other concerns or want to get myths cleared before investing in the property in Lucknow, then, connect with us, today. Alternatively, you can check our website to review our excellence in the real estate market.