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Showing posts from November, 2019

Dahisar Makes A Strong Comeback On The Mumbai Map

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Mumbai has always been a sought after real estate destinations in the country. Its cosmopolitan charm and status as the commercial capital of India has translated into a vast and prolific housing market. However, as the country reeled under downward pressure, many markets in Mumbai also suffered. Prices in many major markets in the Mumbai have been already very high and hence a softening in sentiments eventually resulted in cost corrections. But once again in 2019, as markets in India have started to rally ahead, many micro markets in Mumbai are once again becoming the flavor of the season. One such micro-markets are the Dahisar stretch located in the Western suburbs. Dahisar is located about 20 kilometres from Mumbai Airport. It has emerged as one of the major neighbourhoods of Mumbai. There is  a plethora of social amenities in the area, including Schools, hospitals, parks, colleges, cafes, restaurants, and shopping malls Property in Dahisar East . The lovely area is know

Checklist Of Things To Consider Before Buying Property In Dahisar

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Dahisar is now considered to be one of the top places to invest in Mumbai majorly because of the connectivity developments in this city. Dahisar is no longer called the Satellite city of Maharashtra. It is blessed with excellent connectivity to major parts of Mumbai and it goes without saying that the development in physical and civic infrastructure is increasing the demand for housing in this city buy Flats in Dahisar East. With IT Parks, business zones and shopping centers coming up in Dahisar, there are a few new housing projects which are capitalizing on the twin variables of accessible social framework, business and business development and obviously, higher employment opportunities and openings in the area. This, alongside the right progressing foundation work. Dahisar has a cosmopolitan culture simply like Mumbai. It has an exceptionally rich culture and each celebration is commended with energy here. The educational division in Dahisar has very well developed Western subur

Stamp Duty To Increase On Property By 6% In Mumbai

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In a move that will make real estate transactions more expensive in Mumbai, stamp duty in the city has been increased to 6% on all property transactions. The new rates will be applicable from February 8. When the Real Estate market in Mumbai decided to show some positive trend, the government has proposed to levy surcharge on stamp duty by 6% on property deals, making buying houses even more costly. The Government has proposed to increase stamp duty to 6% from existing 5%. The State Government published draft of the Second Amendment of Mumbai Municipal Corporation, Act, 2018 by insertion of Section 144 F where it plans to levy additional stamp duty on transfers of certain immovable properties. This will increase the price of the transactions of realty deals and is expected to further have an effect on the already difficult market in the short-term. This additional surcharge is likely to disappoint overall sentiment and will impact the market. We might see delayed decisions from

How Has The Falling Rupee Affected Real Estate NRI Investments In India?

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Real estate has evolved extremely over the past few years. There is a better transparency post implication of RERA and GST which has fuelled the buying decision of the NRI community. Additionally, the value of INR has been witnessing significant low against the value of the US dollar as seen in past years. A depreciating rupee creates an ideal environment to invest in Indian real estate, as the cost of acquisition of property becomes lesser for NRIs. Many non-resident Indians (NRIs) have moved to invest in the residential real estate sector in India to take advantage of the low prices as the dollar surges in value. However, that’s not the only factor that has led to heightened NRI investment in India. Several other reforms such as the implementation of the Real Estate (Regulation & Development) Act, 2016 (RERA) and the introduction of goods and services tax (GST) have increased the transparency in the real estate sector, boosting the confidence of NRI investors in India. Bu