Siddhivinayak Homes

Real estate has been one of the most traditional forms of investments. Holding the title of a property in their name has been and still is a dream of many. However, the recent economic changes brought over the government like the demonetization move and the introduction of Goods and Services Tax (GST) has instilled a question in the heart of the investors whether real estate is a good investment? Investing in a property is a good idea as it gives way for wealth creation, passive income, and many other benefits. Recently, the government has also passed the Real Estate Regulation Act (RERA) to protect the interest of the buyers. Currently, the real estate market of Navi Mumbai is very popular as it is a thoroughly planned initiative of the City and Industrial Development Corporation of Maharashtra and is quite close to the bustling city of Mumbai. Want to know whether real estate investment is good or not? Check out these reasons: 1.Passive income: Investing in a  Prop...

Non-resident Indians are increasingly getting interested in the real estate market of the country. Property prices have been on the rise the past few years and for an Indian who is living overseas, these escalated prices do make much of a difference. Introducing Real Estate Regulation Act (RERA) was the game changer in the realty market along with GST which unified taxes. RERA was specifically introduced to regulate the discrepancies in the real estate market. It stress accountability in financial disclosure, timely possession of projects and maintaining a good standard of practices. The government also has many incentives for the NRI’s like tax benefits and in Foreign Direct Investment (FDI). More specifically, the current real estate market of Navi Mumbai is very promising to NRI’s due to it locational and infrastructural advantages.There are many lucrative options available for the NRI investors like the Projects in Kharghar or Flats in Ulwe. The Confederation of Real Es...

Navi Mumbai is now bustling with real estate developments in every quarter. The areas of Taloja, Kharghar, and Ulwe are bustling with world-class properties. Taloja is one such area that has been witnessing rapid growth. If you are a buyer looking to invest in Taloja Projects , here are some ways that will help save money on your purchase. 1.Save more for downpayment: Usually, when planning to buy a home, the buyers typically avail the home loan to finance the purchase. The buyer has to upfront the downpayment, and the balance amount can be availed as a loan. If the buyer is able to pay a downpayment of more than 10% or 20% of the purchase amount, then the loan amount availed will be less, therefore, resulting in lower Equated Monthly Instalments and lower tenure. When paying the monthly EMI’, you can also pay a little more to reduce the loan tenure. 2.Check multiple lenders: Many Real Estate Developers in Navi Mumbai are offering their world-class projects with amenit...

Owning a home is one of the most significant financial decisions of an individual’s life. The government offers tax benefits for home buyers which vary according to the type of property, nature of construction and the amount availed as a home loan. Presently, Navi Mumbai is witnessing a rapid boom in its real estate sector, and the area of Taloja is becoming one of the preferred destinations in Navi Mumbai. Real Estate Developers in Navi Mumbai are offering many world-class projects at competitive prices. If the buyer is using the means of a home loan to invest in the Property in Taloja, they can claim tax benefits under Section 80C, 80 EE, and 24B. Section 80C: Under this section, the repayment of home loan’s principal is eligible for a tax deduction in Income tax. The maximum tax benefit under this section is Rs.1, 50,000 lakhs. The section 80C allows a deduction for the following schemes of PPF account, tax-saving fixed deposits, equity-oriented mutual funds, National ...

Owning a piece of property is possibly the biggest dream of an individual. Real estate investment also has the ability to offer passive income in the form of rent or lease. Nowadays there are many Real Estate Developers in Navi Mumbai offering their projects at competitive prices. However, before investing in the real estate sector, the buyer should keep some points in mind and avoid these mistakes. 1.Lack of research: Research is the essential criterion when considering investments. It can also be termed as the golden rule. Research can help the buyer in making an informed decision about a good investment and save them from a wrong choice. When looking to invest in Projects in Navi Mumbai , the buyer should pay attention to the following points in the checklist. Location Locality type Proximity to other areas Connectivity to basic facilities Property rates including neighborhood properties The ongoing rental rates if the property is not going to be used by the owne...

Navi Mumbai is rapidly becoming one of the fastest developing suburbs of Mumbai. The strategic location and the schemes implemented by the local government are fueling the rapid increase of Real Estate Developers in Navi Mumbai . Here are some of the facts about Navi Mumbai’s current real estate scenario: 1.Residential and commercial status: The City Industrial and Development Corporation of Maharastra is the primary authority that recognizes the city limit as commercial and residential subdivisions. Navi Mumbai comes in both these categories, and it makes a very attractive place for Builders in Navi Mumbai to take advantage of this rapid development. The areas of Ulwe, Kharghar, and Panvel are witnessing a rise in the housing projects. 2.Commercial advantage: Navi Mumbai has many commercial advantages that have huge opportunities for employment and income generation in many channels. The commercial advantage of Navi Mumbai is the upcoming International airport that is...

Buying a property is a very big decision and should not be taken in haste. Most home buyers use their life savings for purchasing their dream home and a wrong choice can cost the buyer dearly. Engaging the services of a good real estate agent or doing enough research is not only enough, steering clear of these mistakes will help the buyer to make the right decision. Currently, the real estate market of Navi Mumbai has many potential projects especially Taloja properties, are garnering the attention of home buyers. However, before embarking on a purchase of a residential property. Let us take a look at the most five common mistakes of a home buyer: 1.Don’t overstep boundaries: Often buyers go over and above the price they can actually afford. They are often entranced by the properties costing a lakh or two over their budget and fail to factor the reason that other costs also rise when the base cost of the property increases. In these cases, even a pre-approved loan is also o...