Skip to main content

Stamp Duty Changes in Maharashtra | Budget 2020


Today i.e. on 06 March 2020 State Government Announced The Budget And Has Given Good News To Property Buyers. Maharashtra Finance Minister Mr. Ajit Pawar Has Announced Tax Concession Proposals, Including 1% Stamp Duty Concession For The Next Two Years In The Areas Falling Under The Mumbai Metropolitan Region Development Authority (MMRDA) And Municipal Corporations Of  Pune , Pimpri Chinchwad And Nagpur.

Currently Stamp Duty Is 7 % So After Concession Of 1 % It Will Be 6%.


Comments

Popular posts from this blog

Benefits of Repo Rate cut by RBI to Home Buyers

To maintain economy and Real Estate Sector, the  Reserve Bank of India  (RBI) governor,  Shaktikanta Das   announced rate cuts in Repo Rate to stave off a corona-virus-related recession on 27/03/2020. This might soothe the nerves of equity investors and reduce EMIs for Home Buyers . The RBI, cut the  repo rate  and reserve repo rate by 0.75 % and 0.90 %, respectively . The repo rate now stands at 4.4 per cent and reserve repo rate at 4 per cent. Here is a look at how today's rate cut will give benefit to Home Buyers Benefit  of the rate cut on Home Buyers The unexpected rate cut is likely to reduce equated monthly installments (EMIs) of borrowers, and also make it cheaper to take new loans . Here's an example of how your home loan is likely to be impacted under the new external benchmark regime.  If any Male Salaried buyer takes 30,00,000 Rs  Home Loan for tenure of  20 years, then as per current rates he has ...

The Central Park By The Runwal in chinchwad

Runwal the Central Park | Project in Chinchwad Pune: Runwal Group  Established in 1978, the Runwal Group is one of Mumbai’s premier real estate developers, operating in  the residential, commercial and organised retail verticals. With a robust track record of 51 delivered projects, with about 20,000 families living happily, the Group has continuously striven to keep the customer as a focal point in the designing, planning and  construction of all its projects.  Today, the Group’s steadfast focus on quality has led it to become an industry leader and a  market-driven construction company, renowned for trust and quality, along with on-time delivery. Runwal Group'S The Central Park :  Codename New Beginnings is a residential cluster of the most thoughtfully  designed 2, 3 and 4 BHK homes in Pune. Every apartment has been  optimally planned to effectively utilise every square inch of your home. The community c...

What Is The Safest Investment Today ?

With many banks failing, in the current scenario, many people feel that it may not be wise to keep hard earned money in Banks. Stock Markets and other forms of Financial Investments are also losing their valuations & hence their charm among investors off-late! So, what’s the best option in the current situation? INVEST IN REAL-ESTATE! 1. It is a 'physical asset' and the Property is accessible, 24 x 7: No sudden closure of the building gate (like Banks nowadays) 2. The property doesn't shrink in size: Physical assets cannot vanish or reduce in size - whereas, in case of Bank accounts, RBI secures only small amount of your bank balance and deposits. 3. No Limit on withdrawals: You can sell any time , and get your entire money out - yes, it may take time to sell , but eventually every property sells! 4. You will earn rental income: Put the property on Rent and earn between 2.5 - 8% rental returns. Most savvy investors are investi...