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Showing posts from October, 2019

Ready for possession or under-construction? Here’s how you can decide

As a home buyer there are multiple considerations that one may have to make in order to decide on the best approach long-term. That’s why buyers talk to real estate leaders, such as Vinod Goenka director of DB Realty , to get clarity on their queries. There are several advantages of opting for a developed building, which may include quicker possession time and ease of living. However, in the case of under-construction projects, you can save more money while building an asset over time. You also need to think about market dynamics in the area at the time, which may influence the decision-making power significantly. If there is a limited supply of ready flats in your preferred area, then you may have to venture outwards or look for under-construction properties. Goals for the project If you want to find that perfect place to live in, then having a ready for possession flat may be the ideal approach. However, under-construction projects can be customized more easily. You ca...

Real Estate Investment: Know More About The Tax Benefits

Everyone desires a home of their own. Apart from providing stability in life, privacy, and contentment, a home is also a lucrative investment option. Further, whether it is a villa or residential projects in Mumbai , if you purchase a home against loan you will get many tax benefits and exemptions. This will help you save money. Below-mentioned are a few tax benefits which you need to keep in mind. Section 80C An individual can claim tax benefits under section 80C by repaying the principal amount. According to this section, the individual can claim a tax exemption of up to Rs 1.5 lakh. Deductions can be claimed by the homebuyers on the investments that have been done in the return of income. However, it should be noted that the income needs to be of the particular year during which an investment has been done by the individual. Capital Gain Capital gain can be either classified as a short term gain or a long-term gain. As per the duration for which the house is held ...

Is a new home in Mumbai right for you? 4 key parameters to review

Mumbai is truly the city of dreams, with many people coming from around the world to get a sense of what the city offers. It’s a haven for all possibilities, opening many avenues to travellers and residents. Many of the top developers in the country, such as  Jayvardhan Goenka , have designed memorable experiences for the residents here, including high risers with luxury amenities. For many, it’s still one of the top desirable real estate markets. Many homebuyers look at Mumbai’s diversity in home ownership opportunities, to introduce a renewed sense of consumer confidence. The sprawling nightlife of the city, coupled with its booming local economy, have added to the overall draw from a real estate perspective. 1. Location is key When finding the right place to buy a new home in Mumbai, it’s important to consider location as a preliminary parameter. The right location will help you develop the right investment strategy around the area. Proximity is a key factor that ...