The Bareilly Development Authority (BDA) has introduced two groundbreaking projects: Ramganga Nagar Awasiya Yojana and Greater Bareilly. These townships aim to redefine urban living by offering modern, well-planned residential spaces. With a mix of gated and non-gated sectors, they cater to diverse preferences and budgets. Additionally, a variety of plot sizes ensures options for all types of buyers. Whether you seek affordability or luxury, these projects promise a comfortable and convenient lifestyle.
Overview of Ramganga Nagar Awasiya Yojana and Greater Bareilly
Ramganga Nagar Awasiya Yojana and Greater Bareilly are meticulously planned residential townships. These projects are designed to meet the growing demand for housing in Bareilly. Furthermore, they offer a blend of affordability and premium living options. Gated sectors provide enhanced security and modern amenities for a luxurious experience. On the other hand, non-gated sectors are more affordable and cater to middle-income groups. The townships are equipped with wide roads, proper drainage systems, and green spaces. Moreover, community centers, parks, and shopping complexes are also part of the development.
Plot Sizes and Options
The townships offer a wide range of plot sizes to suit different needs. Available sizes include 50 sq meters, 112.50 sq meters, 128 sq meters, 162 sq meters, and 200 sq meters. Smaller plots like 50 sq meters are ideal for compact homes. In contrast, larger plots such as 200 sq meters are perfect for spacious residences. The variety ensures options for first-time homebuyers and seasoned investors. Whether you need a small plot or a large one, these townships have it all.
Investment Potential: Key Considerations
These townships present excellent opportunities for long-term investors and homebuyers. However, short-term investors should approach these schemes with caution. Plots cannot be sold immediately after allotment due to the registry process. Additionally, the premium on plots is typically realized only after the registry is completed. Investors seeking instant gains may face liquidity challenges in these projects. For long-term holders, the value of plots is expected to appreciate over time.
Upcoming Opportunity: Nath Dham Integrated Township
For those willing to wait, BDA Bareilly is planning the Nath Dham Integrated Township. This project will be located in South Bareilly and promises advanced planning. Moreover, it is expected to offer even better prospects for long-term investors. The strategic location and modern infrastructure will make it a sought-after development. Therefore, investors looking for premium opportunities should keep an eye on this project.
Financing Options for Buyers
Buyers in Ramganga Nagar Awasiya Yojana and Greater Bareilly have several financing options. Dedicated plot loans are offered by HDFC and SBI Realty. These loans come with competitive interest rates and flexible repayment options. However, other banks may not have specific plot loan products and may offer plot-plus-purchase loans. Consequently, buyers should compare options to choose the most cost-effective solution.
Tax Implications: TDS on Property Transactions
Buyers must be aware of the 1% TDS (Tax Deducted at Source) on property transactions. This applies to properties costing more than ₹50 lakhs and is mandatory under Indian tax laws. Furthermore, failure to comply with TDS requirements can lead to penalties. Therefore, buyers should factor in this cost while planning their investment.
Why Choose Ramganga Nagar Awasiya Yojana and Greater Bareilly?
- Affordable and Premium Options:
The townships cater to a wide range of buyers, from middle-income families to high-net-worth individuals. - BDA’s Credibility:
As a government body, BDA Bareilly has a proven track record of delivering quality projects. - Future Growth Potential:
Bareilly is rapidly emerging as a key real estate hub in Uttar Pradesh. - Modern Infrastructure and Amenities:
The townships are designed with a focus on modern infrastructure and green spaces. - Strategic Locations:
Both projects are located in areas with good connectivity to the city’s major hubs.
Conclusion
Ramganga Nagar Awasiya Yojana and Greater Bareilly are landmark projects by BDA Bareilly. These townships offer a mix of affordability, luxury, and convenience for residents. With a variety of plot sizes and gated and non-gated sectors, they cater to diverse needs. Long-term investors and homebuyers will find these projects highly beneficial. However, short-term investors should explore other options due to the registry process.
The upcoming Nath Dham Integrated Township in South Bareilly presents an exciting opportunity. For financing, plot loans from HDFC and SBI Realty are recommended. Additionally, buyers should be mindful of the 1% TDS on high-value transactions. By making informed decisions, buyers can secure a valuable asset in Bareilly’s thriving real estate market.
In conclusion, Ramganga Nagar Awasiya Yojana and Greater Bareilly are not just housing schemes. They represent a step towards a brighter, more organized future for Bareilly. Whether you seek a home or a long-term investment, these townships are worth considering.
