Samiah Group Presents Melrose Avenue At Lucknow

By Author: zameen zaidad
Total Articles: 6
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Samiah International Builders Pvt. Ltd. has launched ‘Melrose Avenue’, a premium residential project at Lucknow. This project named Melrose Avenue offers 2 and 3 BHK apartments with sizes 1450 sq.ft. and 1650 sq.ft. respectively at reasonable prices. Price list of Melrose Avenue can be referred for detailed information about prices. This residential complex has provision for essential facilities like- Hi tech Security, 24 hour power backup, 24 hour water supply and Covered parking. Club with facilities like- Health Club & DVD Theater, Separate Complex for indoor games such as Badminton, Billiards, TT, Squash, etc. is also present. Location of Melrose Avenue at 6A-Vrindavan Yojna, Rae-Bareli Road, Lucknow is just 8 Kms. from Amausi Airport and Charbagh railway station, 6 kms. from Gomti Nagar and 10 kms. from Hazratganj.
Flats provided by Melrose Avenue, Lucknow boast of top class interiors. Rooms have vitrified tiles flooring while Kitchen has Granite floor. Toilets and balconies have Ceramic floors. Walls have been painted with ...
... oil bound distemper ( OBD ). Hardwood doors and aluminum windows have been provided. Buildings here have earthquake resistant RCC framed structure.
Developer of this project, Samiah International Builders Pvt. Ltd. is presently involved in time bound execution of Residential Flats for Group housing Societies at Noida, Greater Noida, Delhi, Haryana, Nainital, Rudrapur, Hapur, and other parts of U.P & Uttranchal. Samiah International Builders Pvt Ltd. is directly controlled by Mr. Jamil A. Khan, a Graduate Civil Engineer having more than 20 years experience in the field of Housing Construction.
Investment opportunity- For buyers eying properties solely for investment purpose, this project can be a good investment option. Healthy appreciation rate prevalent in Lucknow assures great resale value to the investors. For NRIs and PIOs, depreciation in rupee against dollar is an added advantage. Rupee was trading at Rs. 55 per dollar few weeks ago but now a steady rise in its value is being noticed. This trend is expected to continue for a while now. So, NRIs investing now can expect windfall gain on account of appreciation in value of rupee. Moreover, Government policies for NRI and PIO real estate investors are also quiet favorable. As government allows 100% repatriation, they can easily take the rental income and capital investment in the property outside India subject to FEMA. NRIs can get loans easily from banks to invest in properties but NRI remittances and repatriation procedures have emerged as the best option for them. NRIs are permitted to use their own funds to acquire immovable property. The NRI’s ‘own fund’ refers to the money received in India by way of inward remittance from overseas out of income earned overseas, personal savings outside India. These funds can be remitted through Non-resident external(NRE), Non-resident ordinary(NRO) or Foreign currency non-resident(FCNR) accounts.