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
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
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.



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.


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



Suggested Topic:



No comments:

Post a Comment