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Investing in Buying Homes in Summer 2019 is a Boon

05-31-2019 02:05 PM CET | Industry, Real Estate & Construction

Press release from: Vrindavan

The real estate sector is witnessing several positive developments that make it the perfect summer to be a proud homeowner. Along with various initiatives in the affordable housing domain, the implementation of Real Estate Regulation and Development Act (RERA) and Goods and Services Tax (GST) has changed much in this sector and for good. Moreover, at the start of 2019, there have been many more changes proposed in the interim union budget, which make it the ideal time for home investment.

With RERA:
You can book your home with greater peace of mind, thanks to RERA. Before you invest in a project, you should take the RERA number from the developer and carry out the research diligently. Know about the project status, the expected completion date and more by typing the RERA number on the RERA website. So, if you are planning to invest in a new flat scheme in Nagpur, then you can visit the Maharashtra RERA website and get all the details about the project.

With GST:
As you get assured about the project in which you are investing with RERA, you can also know and understand the taxes better with GST. Ushering an era of uniform taxation across the country, GST is simplifying taxation in Indian real estate sector. In the pre-GST period, there were multiple taxes, which a common man often could not comprehend. From VAT to stamp duty charges, service tax to registration charges, investing in a home involved many taxations and complications. All these ease in the post GST era with taxation varying in the range of 5% to 18% depending upon several factors. So, if you are looking for flats in Nagpur for investment, then you can understand the GST and know the tax you are paying for the property.

As per the Hindu mythology, Vrindavan was a sacred ancient forest where Lord Krishna spent his childhood. The word 'sacred' aptly describes Vrindavan, a lavish 111-acre township located near Jamtha. With lush green lands, extravagant amenities, lavish and ultra-comfortable residential option, Vrindavan has many such attributes to boast off. Living here makes up for a truly surreal experience. The atmosphere of awe-inspiring serenity makes Vrindavan the most appealing residential area in close proximity to the city.

RADHA MADHAV DEVELOPERS, 25, Abhyankar Road, Sitabuldi, Nagpur – 440012

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