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Top Five reasons to Choose for Ready Possession Apartments/Flats

Discussion in 'Mumbai Real Estate' started by Heer Properties, Jan 7, 2020.

  1. Heer Properties New Member

    There are many reasons to choose ready-to-move home. The Top five resons to choose for ready possession apartment
    1)No possibility of delay
    When you buy a ready-to-move-in house, the major danger that you remove is project delay. It is not necessary to wait for the completion of the flat and other amenities in the project.
    2)No uncertainty
    Questions that arise about space, size of rooms, view from the flat, and quality of construction, available amenities and fixtures can be removed when you purchase a ready possession flat. For the buyer, this makes the buying process easy. The buyer would be more positive of what he or she is purchasing.
    3)Rent or EMI
    You can start living in a ready possession home as soon as you purchase it. If you are someone who would find crediting both the rent and the home loan equated monthly instalments (EMIs) heavy, a ready possession flat is apt for you.
    4)No GST
    Even after the reduction in GST, the developers in regular housing projects can charge GST at the rate of 12% with input tax credit (ITC) or 5% without the ITC. In the case of affordable housing projects, the developers can either charge GST at the rate of 8% with ITC or 1% without ITC.
    However, GST is applicable only on under-construction properties and if you buy a ready-to-move-in house, you can save the GST cost.
    5)Tax deductions
    According to the Income-tax Act, 1961, if a homebuyer takes a loan to buy a house, she can claim deductions under Section 80C against the principal repayment of the home loan, which has an overall limit of 1.5 lakh and up to 2 lakh for payment of interest under Section 24(b) for a self-acquired house. There are additional deductions only for first time and affordable segment homebuyers.
    What to keep in mind
    Though there are advantages of purchasing ready possession apartments, homebuyers might have to give out extra on such purchases in comparison with under-construction projects as ready possession apartments generally are charged highly over other under-construction properties in the nearby neighbourhood.
    Matching all these prospects, two ready possession projects in the Mumbai’s most developing infrastructure hub – Kalyan Shilphata Region are waiting your arrival.
    Lodha Palava Codename Centre Park
    Lodha Palava Codename Lakeshore Greens
    So Hurry Up! Get your bodies in High Engine Mode & Make the most out of it by gifting yourself a new home before the end of the year.
    For Free Site Visit Call – 99204 64674
    To Know More Click Here – http://www.heerproperties.com/thane...-group/lodha-palava-city/codename-centre-park


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