But, employees can also draw out the amount before their retirement, subject to specific terms and conditions. For example, an employee can take out the Provident Fund to buy land, construct a property, or purchase a house. There are, however, certain criteria that a home buyer must meet to take out their Employee PF. 

Let’s look at how to use your employees provident fund to finance a home purchase.

What Are The Criteria For Taking Out A Provident Fund For Purchasing a Home?

A worker with at least five years of contribution to their provident fund account can extract money for the purchase of a plot and/or construction or purchase of a house. The purchaser can take out the amount for the construction of a house on the plot of land possessed either by the purchaser or their spouse or by both jointly. 

The qualifying amount to withdraw the provident fund would be based on the purpose of withdrawal. To purchase a plot, the withdrawal amount will be restricted to 24 months’ basic salary and dearness allowance (DA). However, the amount of withdrawal should not surpass the cost of the plot.

If you want to benefit from the withdrawal facility to construct or purchase a house, the availability increases up to 36 months of your basic salary and DA. This would be the maximum amount limited to the charges of the house. Bear in mind that you cannot mutually purchase the property other than your spouse, for withdrawing from the provident fund.

Once you withdraw from the provident fund account, the construction must start within six months. The construction must be completed within a year of the last instalment of withdrawal. If you plan to buy a ready-to-move-in house, you must complete the process of purchasing within six months. You can also make the withdrawals for purchase/construction in one or more instalments, based on the circumstances.

Luxurious residential projects in Noida Expressway such as ACE Parkway and ACE Starlit offer the ideal lifestyle for any homebuyer. With a plethora of amenities catering to residents of all ages, these projects are perfect to be considered as your next real estate investment.

If you’re planning to use your Employee PF to purchase one of the best projects in Noida Expressway, contact us today for more information. 

ACE PARKWAY – RERA REG NO. UPRERAPRJ4514 | www.up-rera.in/projects

ACE STARLIT – RERA REG NO. UPRERAPRJ677294 | www.up-rera.in/projects

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With urbanisation on the rise, the demand for Noida Expressway property is almost inevitable, and therefore, it is also a potentially lucrative investment option for home buyers and investors alike. In this blog, we will discuss the many reasons why Noida Expressway is an enticing choice for a real estate investment or your dream home.

The Importance of Connectivity

The expressway is an important artery for commuters connecting Delhi, Greater Noida, and various industrial sectors. Its well-planned route has attracted many multinational corporations (MNCs) and IT firms, which has increased local economic growth.

Enhanced Accessibility

The Noida Expressway is also known for its better accessibility. Jewar Airport, set to be India’s largest international airport, will add to connectivity in the area. Future metro expansions are also planned to help residents seamlessly commute from the National Capital Region (NCR). Some of these plans include:

Namo Bharat Metro

Route: A new metro line connecting Siddharth Vihar in Ghaziabad to Greater Noida West and the upcoming Noida International Airport.

Length: Total route length of approximately 72.4 kilometres, featuring 22 stations.

Completion Target: Expected to be completed by 2031.

Objective: This line aims to ease travel between Delhi NCR and the airport, significantly enhancing regional connectivity.

Aqua Line Extension

Route: The extension of the Aqua Line from Sector 142 to Botanical Garden.

Length: Approximately 11.56 kilometres.

Stations: Eight new stations will be added;  Botanical Garden, Noida Sector-44, Noida Office, Noida Sector-97, Noida Sector-105, Noida Sector-108, Noida Sector-93, and Panchsheel Balak Inter College.

Cost: Estimated at ₹2,254 crore.

Objective: This project will facilitate direct interchange with Delhi Metro’s Blue and Magenta lines at Botanical Garden, improving access to Indira Gandhi International Airport and major railway stations. Initial ridership is projected to be around 80,000 passengers per day.

Thriving Economic Landscape

Corporate Presence

Noida Expressway houses several prominent companies, including KPMG, TCS, and many others in the IT and corporate sectors. Being present in the corporate world attracts skilled workers from across the country, adding to the vibrancy of the local economy. Moreover, the prevalence of professionals seeking job opportunities results in great demand for housing in the area.

Investment Opportunities

Investors can explore a variety of commercial and residential property options at Noida Expressway. Over the past few years, this region has displayed consistent appreciation rates of property. Investing in flats in Sector 150 Noida and other suburbs along the expressway is a lucrative venture with this upward trend. 

Diverse Residential Options

Variety of Housing Projects

A plethora of housing options exist in this region, catering to various budgets and preferences. Buyers can find properties based on their requirements, be it lavish penthouses or spacious flats in Noida Expressway. Residential projects typically feature configurations such as 2 BHK, 3 BHK, and 4 BHK apartments, ensuring there is something for everyone.

Popular Sectors for Homebuyers

Some sectors along the expressway are much sought after by homebuyers due to their high demand and potential for appreciation. This is evident in the increase in interest in Sectors 93B, 107, and especially Sector 150. 

The low-density living environment at Sector 150 Noida has made it a premier residential destination, especially post-pandemic, with families looking for safer living space with ample outdoor space. This approach means more privacy, more outdoor space, and better health as residents are able to engage in outdoor activities and build a sense of community.

Comprehensive Infrastructure Development

Social Infrastructure

Sector 150 Noida has essential amenities such as schools, hospitals, shopping centres, and recreational facilities. The presence of such reputed educational institutions and healthcare facilities further enhances the quality of life for residents in the region.

Other Lifestyle Benefits

Living in this region offers numerous lifestyle benefits that may enhance your daily living experiences:

Green Spaces: Although Noida Expressway already has nearly 80% dedicated green spaces, residential projects in the area have also incorporated gardens and green spaces to promote outdoor spaces. 

Recreational Facilities: State-of-the-art gyms, swimming pools, multipurpose courts, and clubhouses are some of the amenities residents can enjoy in flats in Sector 150 Noida. 

Robust Security Infrastructure

Residents are a top priority, so both the Noida Authority and the private residential communities have taken stringent security measures. Developing well-lit public areas and regular patrolling by local law enforcement agencies have contributed to the area’s overall safety. Families living here have peace of mind, with gated communities also implementing round-the-clock security personnel to maintain a secure environment. 

Strong Rental Market

Rental Yields

The Noida Expressway rental market has excellent returns in various sectors. Good returns are expected as demand is high from professionals working in nearby corporate offices. Rental yields, however, vary between 3% and 6% depending on location and property types.

Demand from Professionals

As companies along the expressway grow, the number of professionals looking for rental properties also increases. This growing demand ensures investors can capitalise on consistent rental income while providing housing solutions for those who work in this booming economic corridor.

A Bright Future Awaits

Finally, investing in Noida Expressway property is an extremely good investment for anyone looking for a home or simply as an investor to explore the growth potential and vibrant way of life. Investing in this dynamic corridor does not only bring immediate benefits; potential buyers should also think of investing for its long-term growth potential. With urbanisation around the Delhi NCR landscape, investing in properties such as flats in Noida Expressway could be one of the best decisions you could make today.

Whether looking for your dream home or a lucrative investment opportunity, the Noida Expressway stands ready to welcome you into its flourishing community!

ACE PARKWAY – RERA REG NO. UPRERAPRJ4514 | www.up-rera.in

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Noida sector 150 is the most luxury sector of Noida as this sector is loaded with many luxury residential projects and Ace Golfshire is among the most luxurious residential ready to move project in Noida Expressway by ACE. The tranquillity of the ACE Golfshire, with landscaped spaces, tree-lined paths, and state-of-the-art amenities, is bound to fill your heart with joy and satisfaction of residing in a premium project, which has been designed to offer luxury in the lap of nature. This project offers one of the best flats in Noida Expressway with spacious living rooms and bedrooms, a well-appointed kitchen, bathrooms with high-quality fittings and wide balconies from where residents can enjoy the scenic views.

This micro-market is equipped with good social infrastructure, including reputed educational institutions, hospitals, and shopping complexes. Sector 150 is currently flourishing with real estate activity and there is a visible rise in residential developments, integrated townships, commercial spaces, and mixed-use developments. So, book your luxury dream home today only at ACE Golfshire, the most sought after residential project in the luxury hub of Noida.

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Ace Golfshire is one of the luxurious ready to move projects in Noida Expressway with all lavish facilities. 80 percent of the space is dedicated to green environ and landscape to provide a pollution free and natural environment. This project offers modern, lavish and elegant designed 3 BHK apartments in Noida sector 150 with appealing architecture and lavish interiors by Gauri Khan. The apartments are designed in a unique and contemporary architecture loaded with the best facilities and amenities that you can think about for a luxurious and comfortable living. This project is crafted with luxurious facilities like club house, swimming pool, outdoor sports, yoga & aerobics, kids play area and much more.

These lavish apartments are made to provide very high-class accommodation to ensure your luxurious lifestyle with lavishing features. This is one of the best luxury projects in Noida Expressway which offers timeless luxury living for the people who aspire and upgrade to lifestyle. So, rediscover yourself by experiencing the true bliss of living only at Ace Golfshire.

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Being the most luxury sector of Noida, this sector is loaded with many luxury residential projects and Ace Golfshire is among the most luxurious residential project by ACE which is offering 2 bhk and 3 bhk mesmerising apartments in sector 150 Noida. This residency is equipped with a host of international standard facilities and modular specifications, providing a world-class standard of living for the residents. This project is crafted to create peace and tranquillity with the green habitat to give you a superior and advantageous living space. This project is ready to move in project in Noida Expressway to raise the bar of your living standards. So, make your life luxurious with Ace Golfshire, the most sought after residential project in the heart of Noida.

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Ace is one of the real estate group in Noida and Greater Noida which is fulfilling the dream living spaces for people. The latest remarkable residential project of Ace is Ace Golfshire which is nested in sector 150 Noida. This residential space is offering 2 bhk and 3 bhk luxurious apartments in Noida Expressway. This project is the most premium and luxury project by Ace. The interior of the project is designed by Gauri Khan Design firm adding 5 stars of luxury to this project. They are ready to move projects in Noida Expressway. Apart from the modern clubhouse, facilities like parking and security, the most soothing part of the project are the green spaces created to feel the natural sunshine of plants and trees.

So, if you think that your life doesn’t worth it. Come and experience the next level living with Ace Golfshire where you will worth every penny of yours. Because experience is the only thing to endorse in life.

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