Godrej Kharghar- Tax Cuts Should Boost Indian Realty Demand

Godrej Retreat Kharghar New Residential Property

Mumbai, renowned as the financial capital of India, offers potential opportunities in terms of high-paying employment prospects and real estate investments. Renowned property developers are considering Mumbai as their prime choice to set up their respective projects. Residents are now effectively moving towards becoming real-time property aspirants after temporarily occupying pre-owned spaces as tenants. Godrej Retreat Kharghar by Godrej properties is one such project located to perfection at Kharghar in Navi Mumbai. Located close to the Mumbai-Pune expressway, residents can get around to other prominent locations with effortless ease and comfort. The project offers high-rise buildings that are nothing short of architectural marvels so residents can catch stunning views of landscaped greenery scattered around the project. There are prominent educational and medical institutions in close proximity that helps customers to provide the best for their family in regards to education and healthcare.

Godrej Kharghar

How has RERA and Kharghar affected the Mumbai property market trends?

The introduction of RERA and tax reforms such as GST has brought about a sense of uniformity and order in the property market. Residents are now delighted as they can expect timely delivery of projects that interests them. Now, with the reduction in tax rates, the need for affordable housing has shot up significantly. Also, the increase in urban population has paved the way for rising social and IT infrastructure development. IT professionals and entrepreneurs can now consider investing in the property market to build up on their savings or capitalize on an alternate source of income while they are aggregating on their income from work. Another fascinating part about Godrej Kharghar is that it has employed a customer-centric approach which would enable residents to come to the site and experience project amenities, floor plans, structural designs or even take an entire tour of the property before making prospective investment decisions. Rest assured, partnering with Retreat Kharghar Mumbai is sure to help you and accumulate on favorable returns owning to a secured future.

GST tax cuts to pave the way for affordable housing and increase in overall demand

It ultimately boils down to the price of the property. Be it any product or service offering, customers are inclined towards the value associated with their purchase. Property investment/purchase, unlike any other product purchase is long-term in nature and requires effective allocation of surplus funds. Hurrying up with such decision can turn risky. With the GST tax cuts into the picture, the overall demand of properties has increased considerably. As far as under-construction projects are concerned, which are priced more than 45 Lacs, the GST rates have reduced to a nominal 5% from a staggering 12%. On the contrary, the under-development project that are priced below 45 Lacs are subject to 1% of GST tax which is nothing short of a jackpot. Residents and potential investors have capitalized on such opportunities and are on the lookout for residential spaces that suit their requirements.

Godrej Kharghar Mumbai

An added advantage for economically weaker sections

With PMAY (Pradhan Mantri Awas Yojna) scheme by the Prime Minister in 2015, the housing for all initiative targets the economically weaker section so everyone can have a shot at having a house for their own. For the affordable housing section, these are properties that are under-construction and are priced below 45 Lacs, the government is set to provide subsidy and a discounted GST rate of 8%. This gives residents from lower income groups the opportunity to strategist their finances and invest accordingly. Godrej Retreat Kharghar, located at Navi Mumbai has seamlessly attracted potential investors considering the location and other provided features that are in line with industry standards. There are financial advisers present at the site who dedicate work with residents to provide them alternatives for a hassle-free investment experience.

In conclusion, with tax cuts leading to increase in residential expectations, investing with Godrej Retreat Kharghar can help you formulate a set of strategies that would enable you to invest and make the most of the current price trends. 

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