After the horror that was 2020, at least most of it, the Indian government has taken significant steps to help revive the economy. In the said efforts, the real estate sector and especially the residential sales play a very important role. Some of the problems stand in the way otherwise are liquidity issues, supply of adequate properties which is eventually leading to lower demand. There are several incomplete construction projects and the unsold inventory in this division of the real estate sector and they have their own problems to deal with.
An Aid from the Government
The government decided to aid it with introducing new tax slabs, to the rescue of residential property seller and buyers alike. The developers have also had a lot assistance from the government before and after the union budget 2020.
Rs. 25,000 crore distress fund for the developers to complete unfinished projects and put them up in the market for sale, thereby increasing supply. 'Housing for All' under Pradhan Mantri Awas Yojana by the Ministry of Housing and Urban Affairs taking a front seat. It puts a special emphasis on women, urban poor, senior citizens, SCs, STs, EWS, MIG I, MIG II and LIG.
To the relief of homebuyers, the centre has introduced Rs 1.5 lakh tax benefit on interest paid on affordable housing loans. Use of sustainable and eco-friendly state of the art technology. Popularity of the concept of co-living to fight higher rent in case of rental properties.
What the people need is a return of purchasing power through higher income and more savings. The luxury villas in Mumbai is now for sale and the project is every bit desirable. With the information given below, please contact out team to know more!
Contact Us
Site Address: Shimmer Bungalow Scheme,
Dhavgi Hills, Via Keshav Shrushti bus stop,
Uttan-Bhayandar (W) – 401106
Booking Address: Shop No. 35-36-37,
Vasudev Sky High, Kanakia Rd,
Opp. Commissioner Bungalow, Mira Road,
Maharashtra-401107
Phone: +91 7678005353
Email: info@shimmeroceanpearls.com
Site Visit: Tuesday - Sunday 11:30 - 17:30