We found 0 results.
View results
Stop looking back at what you’ve lost. Look ahead at what you can gain. At least, in terms of owning your home, which has been your earnest desire.
Now with record sales prices of property at their lowest in about two decades, the time is indeed right to go in for your dream home especially if you are going to live in it with your family.
If you’re still looking for reasons, we have outlined some of the best ones to make it easier on your all-important decision. Because, we all know, and you too, that having a safe and secure home to call your own is all we work hard and earn for.
Income Tax relief
As an avid homebuyer, you can now buy a house at 20 per cent less than the Guidance Value without attracting tax. Guidance Value is the minimum rate for property which is set by the government, below which no transaction can take place. In a welcome move, which is a win-win one for both developers and homebuyers, the Finance Minister had hiked the differential for tax relief between the Guidance Value and market rate to 20 per cent from the previous 10 per cent, on the sale of units valued above Rs 2 crore. Earlier, if you had bought a home at a buying price which was below the Guidance Value, the money you saved from the difference would have been treated as income in the hands of the buyer and was therefore taxed. Now, with this incentive, it gives you a further impetus to buy your dream home because you are saved from tax. And remember this scheme is valid only till June 21, 2021.
PMAY scheme
The Credit Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana (PMAY) makes the home loan affordable as the subsidy provided on the interest component reduces the outflow of the customer on the home loan. Of course, the subsidy amount under the scheme largely depends on the category of income that a customer belongs to and the size of the property unit being financed.
Low Stamp Duty
With the recent reduction of Stamp Duty on property from the earlier 5% to the present 2%, it is encouraging for homebuyers like you to go ahead with the purchase of your dream home.
Best time for ready to move in homes
According to Prashant Thakur, Director & Head – Research, Anarock Property Consultants https://www.anarock.com/research-insights/q3-2020-pan-india-residential-market-viewpoints  ready-to-move-in homes are now the most compelling option for homebuyers. The combination of GST exemption, reduced stamp duty, and the lowest home loan interest rates in almost two decades is favouring ready homes. If we factor in ongoing incentives being offered by developers, buyers focussed on ready homes are at a distinct advantage.
Scope for wise negotiation
The buoyant festive season especially the present one till another new year is upon us, is having a positive influence on not only homebuyers but also the developers fraternity who are looking at leaving scope for some prudent negotiations on their offerings. So, if you have been wisely saving up all your money, you have more ammunition to negotiate for a deal on ready to move in homes. Remember, having a cache of liquid funds gives you a better chance at the negotiating table. If you are planning to take a home loan for your dream home, equip yourself with an in-principle approval from a lender. And better still if the lender has a tie-up with your developer, like HM Constructions http://www.hmconstructions.com
Borrower-friendly loans     Â
With the new RBI rule which requires home loan financial institutions and banks to link loan rates to external benchmarks, the stacks are highly loaded in favour of home loan borrowers. This ensures greater transparency and a quicker transmission of interest rate changes to borrowers.
Lowest interest
Another very compelling factor to buy your dream home is the lowest interest rates ever with some banks charging a rate as low as 6.8 per cent. So, when you factor in the tax breaks on the interest, the effective cost of capital is even lower. Also, under section 24 of the Income Tax Act, home loan interest for a self-occupied unit is eligible for deduction up to a maximum of Rs 2 lakh. Cool or what?
It’s also the season for some festive incentives and schemes on dream homes of http://www.hmconstructions.com.
Unique scheme on HM Indigo
Each home from HM Constructions http://www.hmconstructions.com is built in a way to offer maximum space and comfortably accommodate a family of four.
Our unique scheme lets you book any of our spacious units of your choice at a token amount of Rs.10,000 only. Since the units are ready-to-move, you can finish up the formalities and move into an apartment of your own in just 10 days. What’s more, once you move in, you can let HM take the burden of your EMIs! The EMI Holiday Facility lets you postpone your EMIs by 10 months so that you may enjoy your stay at HM Indigo for nearly a year before you start paying the EMIs.
So, stop worrying about your monthly rental and book an HM Indigo http://www.hmconstructions.com/projects/details/hm-indigo apartment today.
Call us on 8880225555 and we will help you find a home that suits your lifestyle, falls within your budget, and is close to all that you would need throughout the year!