GST rate cut for houses under construction
In order to protect our interests for a secured future, one should start looking at alternatives to better utilize their hard-earned money. Property investments can prove to be crucial considering the benefits it has to offer in the long run. Residents who were temporarily residing as tenants are now grabbing on to opportunities to transition to first-time property aspirants. Godrej Central Park Mamurdi by the famed Godrej properties is a residential project located to perfection at Mamurdi in Pune. Located close to the Mumbai-Pune expressway, residents can effectively go about with their everyday commute with relative ease and comfort. The project offers 2 and 3 BHK residential units that are spread across 20 acres of lush green land. Buildings nothing short of architectural marvels provide stunning views of landscaped gardens surrounding the project. In order to incorporate a customer-centric approach and establish profitable relationships, residents are welcomed to the site to experience the amenities, design structures, project features or even take a tour of the property prior to making prospective purchase decisions. There are prominent educational and medical institutions not too far from the project which enables customers to provide the very best for their kin in regards to education and healthcare services.
GST and RERA to save the Indian property market. How?
The introduction of real estate regulatory bodies like RERA and government tax reforms such as GST has revolutionized and brought about a sense of uniformity in the property market. Property developers are now forced to amend their marketing strategies and deliver projects on time based on set deadlines. Failure to do so can invite hefty penalties. Recently, the government has introduced tax regulations wherein residents who are interested in under-construction project have tax leverage. This would mean that residents would have to pat 5% of the GST that is associated with the project which is under-constructions as opposed to 12% previously. The initiative of “Housing for all” by 2022 is now beginning to realize its practicality. Pune, for instance is renowned for its travel and tourism aspect. Residents are now deciding on relocating to Pune to invest and decide profitably. With the decrease in GST rates, potential investors or first-time property owners can now visualize their dream of owning a house come to reality
Affordable housing on the rise around Mamurdi in Pune
The rise in urban population and social infrastructure development has increased the overall demand for affordable housing structures. Property developers are now working on devising a framework to inculcate strategies to release their excess inventory and match up to the demands of the market. Mamurdi, for instance is considered as an emerging locality which has provided opportunities for other realtors to set their respective projects. With the government coming up with reforms like low GST tax percentage for under-construction projects, residents are finding it easy to allocate sufficient funds for their respective investment decisions. The 2 BHK city scape and garden facing variants at Godrej Central Park Mamurdi Pune are priced at XX Lacs while the 3 BHK garden facing units are conveniently priced at XX Lacs respectively. With a mere 5% of the overall GST tax to be paid for projects under-development, potential investors have sufficient time to decide on the location which is Mamurdi and the rental benefits it has to offer. The Mumbai-Pune expressway is sure to connect residents to all major parts of the city and subsequently double up land appreciation in the years to come.
Structural designs to complement a convenient lifestyle- Invest now with Godrej Central Park
Residents, especially first-time property investors expect nothing short of architectural brilliance within the premises. Exteriors are required to look as marvelous as the interior design. Residents are also requested to arrive at the site with a pre-determined floor plan for a cognitive and a comparative approach. Central Park floor plans comprise of 2 and 3 BHK apartments that are categorized under city scape and garden facing variants. The 2 BHK city scape and garden facing units spans across 570 sq.ft- 580 sq.ft while the 3 BHK garden facing units are spread across 680 sq.ft- 700 sq.ft respectively. Architects present at the site have worked tirelessly to provide impeccable design structures without compromising on resident safety and well-being.
In conclusion, with perks extended by the government as far as GST rate cuts are concerned, affordable housing is certain to bloom providing profitable investment opportunities in the years to come.