FUTURE OF GURGAON SEC 95 By: Unknown No comments

While the need for housing is widespread, individually people have different needs- depending on whether they are single, married, senior citizens, or families with children. “A roof overhead” remains a basic necessity for every person.

Without a doubt, Gurgaon is the city every person plans to live in.  The main reasons why Gurgaon is trending in the real estate market include its excellent connectivity, social infrastructure and ample availability of job opportunities.

Since Gurgaon is the nerve centre of commercial development in the NCR, it enjoys the best connectivity of Indira Gandhi International Airport and industrial locations of South Delhi. This makes it the best place to park your money with assured returns in the future. Metro connectivity via the Yellow Line and Rapid Metro has further eased the transportation. It is also known as an IT hub, thus there are ample amount of opportunities available for jobseekers as well as businessmen.

The Dwarka-Gurgaon Link Expressway is already the talk of the town with its work going on in full swing. Once completed, these roads will improve connectivity of some sectors of Gurgaon with NH-8 and rest of the city. This is going to benefit a large number of projects, both residential and commercial, and those invested in these projects.

With our upcoming project, ROF Ananda, we offer you a dream home with ultramodern apartments to provide you with maximum comfort and minimum budget. Some of the prime features of our project include:

•         5 year free maintenance
•         Rainwater harvesting system
•         Secure and gated complex
•         Daily needs and retail facilities within the complex
•          Basketball, badminton and volleyball courts
•          Community centre for social gatherings
•          Jogging tracks and skating ring
•         Cricket playing area  
•          5 mins drive from NH-8 & Manesar Industrial Area & DLF City
•          5 mins from Dwarka Expressway & 25 mins drive to IGI Airport
•          30 mins to Dhaula Kuan & 10 mins drive from KMP Expressway
•          5 mins to ISBT & 10 mins to the railway station
•         2 mins drive from the proposed metro station

Hence, those who are thinking of investing must consider it and those who have already done must stay invested for fruitful returns in the future.

For more information, visit our website www.rof.co.in or contact us at info@rof.co.in or call +91 124 4399 399.

Buying Your First Home Made Easy: Pay 2.4L Less for Your New Home By: Unknown 1 comment

Are you planning to buy your first house? There is some good news for you!

The government has planned to subsidise a part of your home loan. Under the Prime Minister Awaas Yojana (PMAY), Govt. has created three slabs for availing this massive subsidy, to ensure that every segment of the society gets benefitted. This applies for those, who opt for a home loan spanning at least 20 years. Presently, this subsidy is available to only those earning up to Rs 6 Lacs per annum.

Homebuyers will get subsidy at different prices depending upon the income bracket they fit in. According to the scheme, if you earn less than Rs6 Lacs per annum with a loan amount of Rs6 Lacs will get an interest subsidy of 6.5%. Whereas, if you earn upto Rs12 Lacs per annum with a loan of up to Rs9 Lacs will get a subsidy of 4%. While, if you earn upto Rs18 Lacs per annum with a loan amount of Rs12 Lacs will get a subsidy of 3%.

Here are the details, assuming a uniform 9% interest on home loan for a period of 20 years-

Thus, as we can see, net benefit on tax saving is roughly Rs 2.4 Lacs for everyone. Hopefully this scheme will bring fruitful result in the mission “housing for all by 2020” dream.

ROF brings you a lot closer to your dream home!

So, what are you waiting for? Apply to buy the home of your dreams with ROF. Invest with us to avail subsidized rate of interest at 6.5%. You can save upto 2.2 Lacs.

We build less ‘house’, more ‘home’!

For more details, visit our website www.rof.co.in. You can mail us at info@rof.co.in or call +91 124 439 399.

How Budget 2017 Will Affect Real Estate Industry By: Unknown No comments

On 1st Feb 2017, Finance Minister Arun Jaitley presented the Union Budget 2017 to set the government’s policies for the coming year. Real Sector experienced a boost after the announcement by making the purchases affordable and within the reach of common man.

Here are some of the budget highlights that are likely to influence the real estate industry:

•  Affordable housing has been given the infrastructure status. This step will be helpful to achieve “housing for all by 2020” plan.

•  1 crore rural houses to be built by 2019 for the homeless and those living in kachha houses.

•  Real estate developers to get tax relief on unsold stock as liability. Capital gains to be paid only from the year the project has started.

•  Holding period for capital gains tax for immovable asset reduced from 3 years to 2 years. This will benefit the investors in real estate.

•  National Housing Finance (NHF) to refinance housing loans of about Rs. 20,000 crores in 2017-18.

•  Instead of built-up area of 30 and 60 sq meters, carpet area of 30 and 60 sq meters will be applicable.

•  No cash transactions above Rs 3 Lakh will be permitted.

•  Foreign Investment Promotion Board to be abolished. This will make getting foreign funding through automatic routes easier.

•  Allocation to Pradhan Mantri Awas Yojana (PMAY) increased from Rs. 15,000 crore to Rs. 23,000 crore.

Overall it is a positive budget for the real estate sector which is likely to improve land transactions and contribute towards achieving the mission of housing for all by 2020.

Invest with us to avail benefits of affordable housing.

We support PMAY and aim to give roof to everyone. We promise you luxurious homes at affordable rates.

Our projects under HUDA policy will be sold on the basis of Carpet area. So the people are only going to pay for the area that they will use. For more information, visit our website www.rof.co.in or contact us at info@rof.co.in or call +91 124 4399 399.