Buying property in Mumbai is a distant but distinct dream for thousands of individuals and families across the country. However, the skyrocketing prices and unavailability of spacious homes often deters buyers from fulfilling this objective. In such scenarios, any reductions in the overhead property charges also brings about a sense of tremendous relief to home-buyers.
With the buyers’ convenience in mind, the Maharashtra Government has come up with exclusive stamp-duty benefits applicable up to March 31st, 2021! So, what is this offer all about, and why should you leverage this opportunity to immediately book 1 BHK flats in VKLAL HARI PHASE I and VKLAL VISHNU PHASE I? Here’s a look:
What Does This Stamp Duty Reduction Entail?
In August 2020, the Maharashtra Government, in its effort to encourage real-estate investment during the COVID-19 phase, announced a reduction in stamp duty from 6% to 2%. This stamp-duty benefit was applicable to buyers until December 31st, 2020.
However, post this deadline, the Government has continued to extend its stamp-duty benefit to home-buyers, only now with an increase of 1%. Thus, effective 1st January 2021, individuals may purchase property in Maharashtra with a stamp-duty reduction from 6% to 3% till March 31st, 2021.
Later in 2020, Maharashtra witnessed an unprecedented number of home-buyers availing of this benefit. Consequently, the Government announced that even those who have paid stamp duty with a reduction of up to 2% till December 31st can conveniently complete their registration processes by April 2021.
Why Purchase 1 BHK flat at VKLAL Hari and VKLAL Vishnu Immediately During this Time?
While purchasing a 1 BHK flat in VKLAL Hari Phase I and VKLAL Vishnu Phase I would always be lucrative and affordable for investors, carrying out the purchase at this time can further contribute to a wise real-estate investment decision. Here are some benefits of buying flats at VKLAL Hari and VKLAL Vishnu in the wake of the stamp duty reduction:
The Most Affordable Real-Estate Avenue Right Now: Even in general, the 1 BHK flats at VKLAL Hari and Vishnu are spacious and affordable. Now, in the wake of the further cost reduction resulting from stamp-duty benefits, residents can purchase 1 BHKs in Borivali or Dahisar at all-time low rates!
A Source of Encouragement During the Pandemic Situation: The COVID-19 phase has caused a major lacuna in the functioning of the economy and its various sectors. But it has also further proved the need of stable and proper housing for all. In such a scenario, a 3% discount on stamp-duty makes a huge difference to aspiring home-buyers. Do not put off until tomorrow what you can do today.
More Financial Bandwidth to Invest in Interior Décor: Saving up on stamp-duty would also directly ensure more financial bandwidth to invest in other significant aspects of home-buying, such as home décor. Our spacious and aesthetically designed 1 BHK flats in Borivali and 1 BHK flats in Dahisar East under construction provide plenty of scope to customise and experiment with the interiors. Utilising the residual amount on interiors would be a great idea to decorate your home your way!
Conclusion
Buying a comfortable, affordable home is as much a necessity as it is a challenge today. Discounts such as a stamp-duty reduction can make a world of difference in terms of overall cost-reduction. Purchasing a 1 BHK flat at VKLAL HARI PHASE I situated in Borivali or VKLAL VISHNU PHASE I in Dahisar can be very lucrative options for home-buyers, especially in the wake of this time-bound benefit. Hurry and click here to know more about us!