Which is the best place to buy property in Mumbai?
Top 5 Locations to Invest in Residential Real Estate in Mumbai
- South Mumbai. South Mumbai is one of the most expensive living pockets of the city.
- Lower Parel. Lower Parel is the corporate hub where many businesses have their company offices as well as headquarters.
- Bandra.
- Worli.
- Juhu.
Which area in Mumbai has highest rent?
These Are The Most Posh areas in Mumbai
- Juhu. Juhu is found in the west suburbs of Mumbai and is one of the foremost expensive areas within the city.
- Worli, Sea Face.
- Tardeo.
- Powai.
- Palli hill, Bandra.
- Breach Candy.
- Versova.
- Malabar Hill.
Which is posh area of Mumbai?
Also known as the financial capital of India, Mumbai has several plush locales that house some of the eminent personalities of the country. However, Malabar Hill, Cuffe Parade, Juhu Bandra and Worli are the most expensive localities in Mumbai, with property prices hovering at Rs 30,000-60,000 per sq ft.
What is the GST rate for affordable housing?
1%
In March 2019, the GST Council cut the tax rates to 5% from 12% on residential properties and 1% from 8% for the affordable housing segment.
What is the GST rate for property registration?
GST Charges on Flat Purchase
| Property type | GST rate from April 2019 | GST rate till March 2019 |
|---|---|---|
| Affordable Housing | 1% without ITC | 8% without ITC |
| Non-affordable Housing | 5% without ITC | 12% without ITC |
Is Lodha Palava a good investment?
Answer: Lodha Palava city is one of kind self-sustainable city in Mumbai. Lodha has successfully delivered part of the township which is operational and commendable. Investment wise it’s a good option as it has shown more than 200% appreciation in the past.
Who pays GST builder or buyer?
Home buyers in India have to pay a Goods and Services Tax (GST) on the purchase of under-construction properties like flats, apartments and bungalows, at the rate of 1% for affordable housing and 5% for non-affordable housing. In real estate, the GST is also applicable on purchase of developable plots.
What is the best residential project in Mumbai?
Lodha The Park developed by Lodha Group is an amazing project situated in the plush neighbourhood of Worli, Mumbai. This ongoing residential project features 6 remarkable high-rise towers with a total of 2000 units spanning across acres of lush greenery.
Which is the best project in Navi Mumbai for affordable apartments?
Prajapati Magnum in Dronagiri, Navi Mumbai has apartments available at an affordable budget range between INR 81 Lac * to 1. 14 cr * Lac. Prajapati Magnum is a pure residential lifestyle project of 5 towers of Stilt + 19 floors. The project comprises 352 units of 2 & 3BHK East or West facing Flats with ample car parking.
What is the best place to buy an apartment in Mumbai?
Raj Akshay is a new housing development by Raj Homes at Mira Road East in Mumbai. If you are looking for an apartment to buy, then look no more. This project is a fashionable and stylish place for all those who have a sophisticated taste.
What is green Woods Project in Navi Mumbai?
Overview: Green Woods is a Joint Venture between Galaxy Group, Proviso Group and Rakhi Sai Realty located in Kharghar, Navi Mumbai offering lavish 2 BHK and 3 BHK apartments. The project is ongoing construction and consists of 167 units spanned over 2 towers. Green Woods price rate starts from Rs. 97. 5 Lac onward. Project Details: