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Showing posts with the label key location

Why investment in real estates in Ravet is considered a good investment?

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  Ravet, which is close to Hinjewadi IT park is witnessing a boom in construction activity as the once open land is being transformed into a concrete world with new housing complexes and commercial projects.  Amongst all projects, Urban Skyline in Ravet is the fastest-selling property due to its astounding amenities and location. Moreover, pricing is competitive. Energy-efficient features are the added advantages.  Advantages of investing in real estate in Ravet  The benefits of investing in real estate are stable cash flow, tax advantages, diversification, leverage, and passive income. Also, a real estate investor can make money through rental income, appreciation, and profits. 1.Stable cash flow- Cash flow is the amount obtained after mortgage payments and operating expenses. A good real investment provides 6% or greater cash flow. The cash flow strengthens over time as you pay down your mortgage. 2.Tax advantages: Various tax codes allow deductions for the normal ...

Important facts about Stamp Duty

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 Buying a house is an overwhelming experience both financially and emotionally. For buying a home, we need to identify a property that matches our requirements. While buying the property we have to make a down payment, apply for a loan, sign the sale agreement, and so on. There is much nitty-gritty. One such important step is stamp duty. This is an important step while buying a house. After the possession of the property, it has to be registered in the local municipal records for legal evidence of ownership. During the registration of the property, you will have to pay stamp duty. What is stamp duty? Stamp duty is a tax levied by the government on property transactions. Stamp duty varies from state to state and also property type. The tax is legal and acts as the evidence for any sale or purchase of a property. Buyers pay stamp duty, regardless of agreement. In the case of property exchange both seller and buyer share the stamp duty. The tax is charged on the market value, circle r...

All About MHADA

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  MHADA or Maharashtra Housing and Area Development Authority was established in the year 1977. The schemes under MHADA give the residents of Maharashtra access to affordable residential property, especially those belonging to economically weaker sections (EWS) and Lower Income Group(LIG). Moreover, the scheme allows people to buy properties in the most sought-after localities of Mumbai and Pune at costs that are lower than the offered prices by private builders. MHADA provided the first-ever low-cost housing scheme in 2012 via a lottery draw system. The authority has set fixed prices for the units available under the MHADA lottery housing scheme 1. Units for Lower Income Group(LIG) are priced between Rs.20 lakh and Rs. 30 Lakh 2. Units for Middle-income Group ( MIG) are priced between Rs.35 Lakh and Rs. 60 Lakh 3. Units for sale to Higher Income Group are priced between Rs. 60 Lakh and Rs. 5.8crore 4. Units Available for sale to Economically weaker Section (EWS) applicants are pri...