Upcoming Real Estate Apartment In Mumbai: 2018

Saturday, December 29, 2018

Navi Mumbai To Transform Into A Property Investment Destination - Invest Now!

Mumbai Is a Best Investment Destination

There comes a time on our lives when we have to consider safeguarding our future. Saving up monthly income doesn’t cut it as you are merely accumulating on funds month on month. Considering property investment is a great option as you can notice your money grow overtime based on specific factors. Residents are now effectively transitioning from living as tenants to first-time home owners. Godrej Apartment Kharghar by Godrej properties is a fabulous residential project which is precisely located at Kharghar in Navi Mumbai. Mumbai, known as the financial capital of India provides high paying job prospects in the financial sector. This has provided opportunities for residents to settle down in emerging parts around the city. The project provides architectural marvels so residents can catch stunning views of landscaped gardens surrounding the project. With the inclusion of real estate governing bodies like RERA and tax reforms such as GST, the demand for affordable homes has increased significantly. Property developers are now forced to devise strategies to release their excess inventory. Mumbai renowned for its rising land prices weren’t able to cater to the mid-level income group which wasn’t healthy for the property market. Now, with urbanization and tourism around Mumbai, residents are planning on purchasing properties around Navi Mumbai.

Godrej Kharghar Mumbai

Social Infrastructure rise in Navi Mumbai

With the Mumbai-Pune expressway in close proximity, potential investors can consider investing early and benefit from the land appreciation rates. On the contrary, residents can also be rest assured to provide the best for their children as Kharghar houses prestigious educational and medical institutions. With the rise in social infrastructure, the commute is easier and investors can bank on the return on investment for a secured future. Godrej Project Kharghar has incorporated a customer-centric approach and welcomes residents at the site to experience the amenities, floor plans, design structures or take an entire tour of the property to predict overall development from the conceptualization phase until completion.

Proximity and Connectivity

Be it any residential project, location is as important as any other aspect that can contribute to the credibility of the project. Navi Mumbai has many locations around which are considered prime for the investment opportunities they offer. Urbanization has been one of the reasons why residents are looking for property investment options. Construction of flyovers, expressways, highways and over bridges has made life easier for the general public to go about with their everyday commute with relative ease. Generally, residents who are willing to invest, look for locations that are further-out from the city for a calm and secluded lifestyle. However, if residents don’t enjoy proximity and overall connectivity to the rest of the city. The credibility is lost and the property developer loses its recognition. As far as Godrej Apartment Kharghar is concerned, reputed schools, colleges and medical institutions are in close proximity that would help people get by to other locations with relative ease and provide impeccable education and healthcare services for their children.

Areas around Navi Mumbai to flourish this new year

It is evident that Navi Mumbai, over the years has provided profitable investment opportunities. However, before deciding on an investment decision, there are many points to consider. There are other prominent locations in Navi Mumbai which are set to provide formidable returns on investment. Areas like Kharghar are surrounded by social infrastructures like Sion-Panvel highway which can be accessed easily if one need to get to Mumbai or Pune. With adequate number of multiplexes and supermarkets, residents can get their daily supply of conveniences with utmost ease. Let’s take Panvel as an example. The location is surrounded by top-notch industrial powerhouses like Hindustan Organic Chemicals Pvt Ltd, ONGC, Larsen & Turbo and IPCL which is sure to increase traffic which would eventually encourage property developers to come up with new spaces.

https://mumbaiproperty022.tumblr.com/post/181451534040/home-is-a-place-where-everyone-love-to-spend-time

Monday, December 24, 2018

Godrej Properties And Navi Mumbai - An Eco-Friendly Partnership

Upcoming Real Estate Property At Navi Mumbai

Its evident that at some point of time, we have to consider saving up for the future in order to provide for our loved ones. Property investments is the way to go as you not only save up on assets, you even keep track of your expenses and avail profitable returns. Residents are now gradually but surely transitioning from living as tenants to real-time home owners. Godrej Apartment Kharghar by Godrej properties is a unique project which is strategically located to perfection at Navi Mumbai. The project comprises of high-rise architectural marvels so residents can enjoy stunning views of landscaped greenery scattered around the project. With a strategical customer-oriented approach, potential investors are welcomed to the site to experience amenities, structural specifications or even take an entire tour of the property to estimate property development from the conceptualization phase until completion.

Godrej Kharghar

Eco-friendliness- The need of the hour

Now, with the adverse climate conditions, it has become necessary that property developers devise new strategies to come up with amenities that utilizes and recycles natural resources. This would not only help attract profitable customers, it would even balance the ecological system around the project. Mumbai, renowned as the financial capital of India has attracted urban population which has paved the way for increased social infrastructure development. With increase in population, it’s quite evident that there would be an exponential increase in pollution as well. Kharghar in Navi Mumbai is enemerging location which has a fair amount of green cover. Residents often consider residing in far-out locations to lead a calm and secluded lifestyle after an exhausting day at work. Absence of amenities in such situations could drastically lead to heading to risky situations. Along with the amenities devised by Godrej Mumbai Kharghar, the connectivity is seamless as residents can get to other parts of the city with relative ease. All thanks to renowned highways and expressways which are in close proximity. Come, live life and invest with Godrej Kharghar for effective property investment decisions.

Kharghar Navi Mumbai As A Profitable Investment Destination from Mumbaiproperty1

Inculcate natural practices to foster overall project development

Luxury and comfort are of course an integral part of a residential project. However, incorporating natural practices would impart togetherness and belonging to a tight knit community. For instance, making the most of the rain water within the premises can help residents make the most of the natural resources available and recycle for an eco-friendly lifestyle. Amenities like rainwater harvesting, sustainable ways of waste disposal and water purification can make sure customers lead a fulfilling lifestyle.

Structural designs for safety and security

The way the exteriors and interiors are designs depicts the true nature of a project. As the interiors of any unit variant depicts the personality of the space, property developers should keep in mind that the way residents look at the overall structure is crucial to impact their customer purchase decisions. Here at Godrej Navi Mumbai Kharghar, architects and engineers have worked tirelessly to create magnificent residential structures so that customer safety and well-being isn’t affected. With an RCC framed structure and vitrified tiles for all rooms within the premises, residents can lead a sustainable and durable lifestyle. 24/7 round the clock security services are provided with manned security personnel stationed at the entry and exits. The fact that residents should choose Navi Mumbai as their primary property investment choice is that the location has so much to offer in terms of connectivity, proximity, security and eventually personal happiness!

Friday, December 21, 2018

Puranik developer is coming with New Residential Project This New Year - Puranik City Neral

New Year New Investment in a Brand-New Venture

With the arrival of new year, all the builders of the real estate field are busy launching their ventures and are expecting the high sales this year in 2019. Puranik Properties is no exclusion in the race track. Puranik Properties have come up with their new signature property the Puranik City Neral developed in the rapidly developing area of Neral in top metros country in Mumbai. Puranik properties incepted in 1990 has successfully developed residential spaces crossing approximately 4.21 Lakh square metres and has undertaken the development of residential space of 9.88 Lakh square meters till date.

Puranik City Neral

Signature Venture With Outstanding Architecture

Premier 1 Bhk and 2 Bhk luxuriousenclave with best of amenities to match the varying requirement is extended for the buyers of Puranik City Neral apartment. It is a gigantic property spread widely over 110 acres of land encompassing 30 towers. 27 structures of the 30 towers are architected and developed to include G+7 floors and other 3 towers are designed to have G+4 floors.

The 1 Bhk flat cover the carpet area of 330 sq.ft -380 sq.ft and the 2 Bhk abode ranges in the size between 440 sq.ft -500 sq.ft for the spacious stay of a family. The dimension of the row house ranges in between 213 sq.ft-216 sq.ft for a happy stay. It is developed according to the RERA rules and regulations and is intended at timely delivery of the project.

Inmates of Puranik City Neral apartment can experience a lively environment all time since it is a big multi-cultural gated community. Areas like Kalyan and Badlapur are in the proximity of the property for the further appreciation of the land value. Best Schools in the town like Dilkap Colleges, Navjeevan educational society, LAES English school, and AICR Business schools are just close by to the venture.

Neral is the best town of Mumbai surrounded by best colleges, banks, schools, restaurants, ATMs, and health care centres for the convenient stay. Neral also offers a comfortable travel experience to the IT spaces of Mumbai, due to its proximity.

Amenities for the modern urban lifestyle

Puranik City Neral project is designed to offer a comfortable living along with necessary amenities like a community hall for all your celebrations, secured visitor parking for your guests to park their vehicle with maximum safety, a clean pool to refresh and relax you from the daily work, a well-equipped gym to upkeep your fitness routine, round the clock 100% electric power backup and water supply facility is provided for the most comfortable living for the smooth life of the property occupants. Puranik City Neral apartment units are furnished with vitrified tile flooring for the ultimate look and feel. The Kitchen is semi-furnished with granite countertop along with the single bowl sink for the ease of cooking.

Happy housing with Puranik Properties this new year in Puranik City Neral enclave!!

Sunday, December 16, 2018

6 Ways To Own A House In Mumbai Within The Limited Budget

Taking decision that goes into buying a new home?

"Great! After all, buying a home is the biggest purchase of life and everybody wants it to be a blessing for years to come. But, every step in this way must be taken very carefully.

Housing price these days are high up in the sky. Before your heart falls for a lavish mansion or there is any specific area that interests you. It is better to plan before than breaking your heart. All you have to do is to figure out how much can you afford to spend buying this luxury. Prices of Godrej Property Kharghar Residential Apartment are highly affordable for common masses. You can definitely think about it!

Godrej Real Estate Upcoming Project At Kharghar

Godrej Kharghar Navi Mumbai

Ways to plan your budget when buying a home in Godrej Residential Apartment Kharghar:
Planning budget for your dream home does not require you to hold a degree in rocket science. This post will upskill you on budget planning for your home is such a way that it gives you a feeling of achievement and pride.

Here we go…

1. Sum up your income: budget making won’t be possible if you don’t know how much your pocket allows you to take out. To know the amount you can spend, sit down and sum up all the source of income you receive every month. The sum total should be excluding all the taxes.
2. Jot down your household monthly expenses: write down all the expenses from mole to the hill for which your money goes out each month. This includes your rent, electricity bills, daily travel, food, clothing, medical, savings, utilities and all that you can think of. If you don’t keep a monthly budget list and finds it difficult, look at your bank statements, credit card statements, and checkbooks to track these expenses.
3. Record the expenses you will bear when you become a homeowner: these expenses vary depending on the type of home you want to purchase. In your new home, most likely you will have to pay association fees that include (upkeep of common area, upkeep of recreational areas etc). You will have to pay property taxes, hazard insurance and if by any chance you are moving farther from your workplace then your transportation cost might increase.
4. Expenses that will be slayed: Figure out all the expenses that will go away when you move into your new house. Like, all the expenses that you have as a renter (trash, water and home maintenance) won’t be there in your house. If you are paying renters insurance, you can easily cancel it off after you buy a home. Or if you are moving closer to your office then your gas or oil cost will go down. To maintain a good budget, you can also cut back certain fun activities like going to pubs, bars or restaurants.
5. Determine the amount left after all adjustments: After squeezing out all extra expenses and tightening the pocket. Determine the amount you’ll be left over each month to spend on your house. Make sure that you arrive at this amount after considering the money you take home, the money you spend in a month and a little room for emergencies, retirement etc.
6. How many houses you can buy: Now you can figure out the purchase price of your house that you can afford based on the monthly payments at different interest rates. An easy way to do it yourself is to play with the apps available online for mortgage payments.

Godrej Property Kharghar Amenities

Down the lane… doing your own affordability calculations will save you from false hopes, wakes your way up and also save your time. After you know the budget you can spend on housing, you won’t look for houses out of your sustenance. Rather, you will start from bottom price and that way you will appreciate what an extra lakh can get you.
Have a happy housing at Godrej Apartment Kharghar Mumbai.

Godrej Kharghar Navi Mumbai

Sunday, December 9, 2018

6% Hike In Stamp Duty In Mumbai, Huge Impact On Real Estate

Be Ready for extra 1% Stamp Duty,If Planning to invest in Mumbai

One of the top metropolitan city of the country where the dream and aspiration of every person develops is Mumbai and becomes a career and life destination. Mumbai has seen rapid rise in the real estate market and is a city which has witnessed and catered the huge demand in the residential property. The Maharashtra State Legislative Assembly recently has come up with the

hard bitter news to the home buyers of increasing the stamp duty on the property.

Godrej Kharghar

Presently 5% stamp duty was fixed on the property and now 1% hike is made on the stamp duty charges summing it to totally 6%. Stamp duty is based on the various factors like the location of the property, status of the property, gender, the age of the buyer, commercial usage or residential purpose and many more. The total cost of the property depends on the sum of different factors.

Total cost of the property = Saleable Value of the Property + Registration fee+ Stamp Duty

The rise in the stamp duty is not welcoming the decision by the investors,buildersn or the buyers. The impact of the stamp duty charges will be felt more on the affordable range housing projects as it upsurges the overall cost of realty transactions. To save the further impact of GST imposition the buyers shall have to buy the under construction project which will further affect the sales and marketing segment of the real-estate.

Hence the entire cycle of the property selling and buying is affected due to this decision. To avoid the excessive property costs, invest in the best property of Mumbai the Godrej Kharghar Project developed by the leading developer the country the Godrej Properties.

Godrej Kharghar Location

Invest In the best affordable property of Mumbai the Godrej Kharghar

Godrej Kharghar venture is the exclusive premier housing property situated in the developing locations Kharghar, Navi Mumbai in the most developing conurbations. Godrej Kharghar residential property is well-surrounded by best schools, colleges, restaurants, ATMs, banks, and medical institutions for the convenience of stay. For the effortless travel of the residents to the workspace in the traffic the property offers excellent access to various landmarks of the city. Residents can cut down their traveling time drastically and can enjoy more family time. Location is set amidst of lush green land for the eco-friendly way of living. The project is spread over wide land for the most extraordinary comfortable stay in the serene lush green environment.

Godrej kharghar New Residential Apartment At Navi Mumbai from siya singh

Amenities in the Luxurious Housing Venture

Godrej Kharghar venture features amenities like a well-equipped gymnasium to keep up with your fitness routine, secured visitor parking for your guests to park their vehicle with safety, a spacious community hall is set in the premises for all your celebrations, a swimming pool to relax and refresh you from the daily work. The abodes are intelligently crafted carefully as per Vaastu compliance to offer you a heavenly stay. Round the clock water supply and all-time electric power backup are also ensured for the inmates of Godrej Kharghar for the comfortable and smooth daily routine. Godrej Kharghar property incorporates vitrified tile flooring to all the units for the ultimate look and feel. The Kitchen of each unit semi-furnished and is equipped with beautiful granite counter top along with the single bowl sink for the easy and hygienic cooking.

https://mumbaiproperty022.tumblr.com/post/180887423315/godrej-kharghar-price-location-floor-plans

Invest in the best value for money property of Navi Mumbai in Godrej Kharghar!!

Friday, December 7, 2018

Mumbai With A Signature Of Trending Lifestyle at Godrej Kharghar Residential Apartment

Looking for Luxury Lifestyle In Mumbai - Godrej Kharghar Residential Apartment Mumbai

Mumbai with a signature of trending lifestyle also has the very famous Bollywood industry and famous for its textile industry green cover amidst the city and the rapid development of IT hubs and various industries. Offering tempting jobs with five digits salary pleases techies across the country and drags to this second largest metropolitan city. With interesting tourism spots, historical structures and beaches, huge office buildings, modern lifestyle, umpteen industries, comfortable living style with a moderate temperature all through the year and many more factors added to this list says that Mumbai has, have or had loosen its attracting charm to please people from different walks of life. To be evident of all the factors above and assure one amongst it, the renowned Godrej group is up with a new project in Navi Mumbai project. It is especially focusing on the working class who are working tirelessly to achieve their dreams and live a pleasant life. One amongst the dream is to own a house. To help in fulfilling this dream of theirs, Godrej is with this project in this capital city.

Godrej Kharghar

Godrej groups - Leading Developer in India

Godrej from the year 1897 has been giving the best for its customers. It started with consumer’s goods and spread a layer overseas in various areas like electronic home appliances, agri-care, vaults and real estate. With a positive goodwill globally, it has an approximate number of 1.1 billion customers. Its struggle to maintain its values like the transparency, standards, quality, sustainability, business ethics, abide by the rules and regulations of the governing body. By following the values it is now treated as the 2^nd most treatable brand in the country. With all the progressive projects it initiated and take up helped it rank as the 2^nd best developer in Asia.

Godrej Kharghar Mumbai

Godrej Kharghar

Godrej Kharghar is pinned at Kharghar, Navi Mumbai, Maharashtra. This ideal location is pinned so perfectly which has easy connectivity and accessibility. Amenities not just within the campus, the highlight neighborhood is also progressing with the development being experienced in that place. This property is with the marvelous structure for the residents to experience a comfortable stay after all their working hours. With the amenities in the property, the residents need not worry about the essentials. Most of the trending lifestyle and the essential amenities matching the present lifestyle like the gym, swimming pool, jogging track, indoor games, club house, multipurpose courts and many more are assured in the property for the residents. Reputed educational institutions, multispecialty hospitals, banks, pharmacies, ATMs, commercial slots and shopping malls, fun zone and eateries are surrounded by the property to enjoy and relish their daily activities in and around.

Godrej Kharghar Location

Godrej in favor with paperless transactions

With all the updating technology, globally transition is being observed. Now we are all in a stage to use PDFs for our notes to study and just a touch to reach anything we desire. Adding to it, this technology has also given chance to many double-dealings and frauds as well. But to cope up with the progressing world and to move in hand in hand with the technology, the initiated paperless transactions with utmost careful measures to avoid frauds is now the best transaction method to follow. With this initiative, Godrej is aiding and adding it’s helping hand to support this paperless transaction which is directly being eco-friendly in nature. Godrej is supporting this initiative and is promoting for the betterment of the human life. This also lessens the cause of deforestation and a better well-being, paper consumption decreases, pollution curbs and a good health is assured with the existence of trees.

Godrej Kharghar
Kharghar Station Rd, Sector 2, Kharghar, Beside Little World Mall, Mumbai, Maharashtra 410210

Godrej Kharghar is the best property for the oneresiding in Kharghar in Navi Mumbai and wants to be near to the capital city.

This property is within the affordability of any class of individuals to fulfill the dream of owning a house.

Suggeste Topic:

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Wednesday, December 5, 2018

5 Factors Affecting Property valuation in Mumbai

Impotent Factors that affect Property Valuation

Are you planning to invest in Puranik City Neral Mumbai? Though property investment gives a good return over the time, still as a buyer you should know the fair value of the property i.e. Puranik City Neral residential apartment that you are interested to buy.

Puranik City Neral

Before jumping on to the factors that affect the property valuation, let’s know a little about Puranik’s New Launch Apartment.

Puranik City Neral is one of the premier designs by Puranik corporation that has caught the wave in the well-known location of Mumbai city, Neral. Enclosed with beautifully manicured landscaped gardens the property provides unhindered views of the area around. With all luxuries and amenities, connectivity, and outlandish construction, Puranik City Neral stands-out as an astonishing contribution in Mumbai from the Puranik Corporation.

Puranik City Neral | Residential Apartment

Now, heed down to the factors that affect the prices of properties in Mumbai

If the Location of the property is set in market area or commercial area holds healthy appreciation value than those in the residential areas. It is common that the properties or buildings in approved colonies or well-developed areas are quoted at a higher price by the brokers than their counterparts in the upcoming or under-developed areas. Similar is the case with the buildings constructed on freehold land and leasehold lands, where former enjoys higher valuation than the later.

Home buyers are attracted to the properties that offer up-to-the-minute amenities. Therefore, the properties with good infrastructure and modern amenities attract greater appreciation value. Thus, the availability of facilities and necessities combined with comfortable housing comes in bigger price tags than the properties that fail to provide good comfort and have poor infrastructure.

https://puranikcityneral.tumblr.com/post/180749774460/how-puranik-developer-is-in-mumbai-public-eye

Development of infrastructure has a positive influence on positive prices. Properties that are in the vicinity to proper roads, airports, flyovers, bus terminals, malls etc see price escalation than those in need of better infrastructure. Availability of good infrastructure makes the property price to shoot up.
The better connectivity, the better property valuation because good connectivity attracts both the investors as well as the buyers. Properties that have a good catchment of educational, hospital, entertainment and employment centers along with the day to day requirements are sure to be valued at a higher price. The areas having a paucity of land parcel witness higher property valuation. On the other hand, the area where ample land is available for the real estate or residential construction shows a slower raise in property valuation.

Valuation of property is directly proportionate to the availability of disposable income on the hands of the buyer. Properties situated close to business areas or IT hubs tend to attract higher price from the buyers than the one located close in the areas of agricultural land or manufacturing unit’s area.
Not the least, the demand and supply of the property in an area also influence the prices. The population change in the area is the key factor to affect the demand and supply of the property in that area. When the availability or the supply of the real estate goes down the value of the property goes up.

Apart from all these, affordability, property customization, building structure and many more factors are there that influence the property valuation. Thus it can be rightly said that a careful investigation is needed to make your investment more lucrative and give good returns. As Puranic City Neral interests you, conduct these analysis to get the fair valuation of your investment.

Suggested Topic:

Puranik City Neral Coming With Codename Future City

How Puranik Developers Gain Trust Of Their Customers?

Puranik City Neral | New Residential Apartment Mumbai from siya singh

Thursday, November 29, 2018

How Puranik Developers Gain Trust Of Their Customers?

Are you beholding to buy a residential space?

Buying home is a difficult decision to make, therefore, opt for a property with a developer who has remarkable capabilities and flair in realty industry and enjoys a strong brand reputation. When talking about a known and trusted brand, Puranik Group comes into the picture. Through their outlandish and super quality projects, they are continuously winning the heart of their customers.

Puranik City Neral

Before going deep as to how Puranik has gained their buyer's trust, take a look at another milestone created by this celebrated builder. Puranik Group has come up with Puranik City Neral residential apartment in Mumbai. The setting of Puranik City Neral is in the historical area with spaciously designed urbane style infrastructure. If you wish to buy your dream home in well-established location and with a renowned builder, Puranik City Neral, Mumbai is a safe bet.

How is that Puranik Group has gained so many customers?

Run down the points to know how they have made a place in their customer's heart.

Unmatched proficiency: Puranik group have been in the realty industry for over 2 decades. With the flair and great knowledge of the industry, they come with a level of expertise. They understand and successfully delivers to the buyers the superior aesthetics, flawless amenities with no midway on the quality of the property.

No cheating with their customer: Buyers of the property knows that the lesser the fraud the more secured is their investment. And this is what they are being delivered by Puranik builders. They are always clear with their dealings. They keep clear all the important documents required by the buyers, offer properties on the usual rate, handovers the promised carpet and build up area. They also give time to the buyers to read the contract, change and amend it after discussion. Puranik assures the buyers that the property is built on a land that is free from all disputes.

Property delivery on time: To gain the trust of the customers it is important to satisfy them by fulfilling their requirements. While buying Properties buyers always expect of getting the possession of their homes on time. Puranik sticks to the timeliness and delivers the property on the said date. Also, on-time handover is the main highlight of RERA, which Puranik Group very well adheres to.

Professionalism: When it comes to naming nobody wants to cut their nose off and lose the fame. When buyers associate with any good Builders, it brings in an expectation of professionalism. And, Puranik builders stand firmly on this. They are open, reasonable, approachable and honest to their buyers.

Puranik City Neral Floor Plan

It's your turn…

If you need to associate with a trusted builder Or if you want to buy a luxury property in Mumbai Like Puranik City Neral, Puranik builder will be an ideal option to go with.

Puranik City Neral
Near Pimploli Village Old Market, Neral, Maharashtra 410101
Visit: http://puranikcityneral.houseey.com/

Tuesday, November 27, 2018

Property Taxes You Need To Pay While Buying A Home

Property Taxes you need to pay while buying a home

Are you beholding to make an investment in Puranik City Neral, Mumbai? Do you know the legal aspect of buying a property?

Let me tell you, post the roll-out of GST the dynamics of taxes levied have changed for buying a property. With GST implementation on under construction properties across the nation, all indirect taxes such as VAT and Service tax have been replaced by single unified tax. While the stamp duty and registration are known, there are additional ones too.

Puranik City Neral

Know the taxes you need to pay when you invest in the Puranik Future City residential apartments in Mumbai.

GST on property under construction: Under the new unified tax regime, the government levies 18% tax on under-construction property.It has also added a provision under which the land value equal to one-third of the aggregate amount charged by the developer is allowed as a deduction. Thus, giving relief of 2% i.e. the effective GST rate on under construct units is 12%.

Note that the registration and the stamp duty are state levied charges so it would be imposed over and above GST.

Now if you are buying Ready-to-move in properties, the case is little different. You will be taxed much earlier, and these are outside the ambit of GST. The components involved are:

The registration charge: This process includes recording the documents such as the transfer, sale or lease of a property with a registering officer which is mandatory by Law. If any property is not registered, the owner of the property will not be able to contend any case in the court. Registered property document protects the buyer in case of alleged transactions and frauds. Registration fees is decided by the local government and varies from state to state but is typically 1% of the Agreement value.

Puranik City Neral Apartment

The Stamp duty charges: It is a kind of income or sales tax given to the government and is about 5% of the market value of the property. Nonetheless, it can be higher in some states. The buyer has to pay stamp duty before the registration of the property at a designated bank and any delay with this can attract huge penalty. The government issues a ready reckoner rates based on which stamp duty is calculated. And, unless it is paid, the property would not receive a legal status. The charge calculated is paid on each transaction from the exchange of documents to the execution of instruments.

https://propertydevelopers1.tumblr.com/post/180062794280/puranik-future-city-is-a-best-for-real-estate

Then comes your TDS Tax Deducted at source is introduced under a new section in the Income Tax Act. During a sale transaction TDS is deducted at some percentage of amount. Any individual, when buy a property pays TDS to the seller by way of consideration for transfer of an immovable property, that does not include the agricultural land. The TDS is submitted in the name of the seller of a property. It is deducted at 1% on immovable property where the consideration exceeds 50 lakhs.

In conclusion, to make the dream of owning the residential space a reality for common mass there is an urgent need to rationalize these taxes. But, seeing that these make up a significant portion in the total value of your apartment in Puranik City Neral Mumbai, stop stalling your decision to buy because the more you wait the more your burden will surge in the future.