Luxury Homes in Panvel

NOW, WALK IN THE CLOUDS Imagine that elusive cloud 9 feeling, high up in the air, amidst the ethereal ambience of white floating in the limitless expanse of soothing blue. The symphony of tranquillity tickling every nerve in your body making you oblivious to the stresses of a happening city below. Balaji Symphony, a luxurious Property in Panvel is your very own exclusive oasis tucked away in the Sky, offering you lifestyle amenities at par with the best in the world. It is poised to become Navi Mumbai’s new iconic landmark. A creation of path-breaking design and meticulous planning, Balaji Symphony, developed by renowned Builders in Panvel - Vishesh Group, represents the next generation of residential splendor. The project is a brainchild of Vishesh Group, acknowledged today as amongst the most visionary builders and developers in Navi Mumbai. True to the name, the Vishesh projects are designed to be ‘Vishesh’ from all angles. The first impressions are mesmerizing, th...

Owning a home is a dream for many and being able to buy a home early in one’s career, can give you lots of joy. Experts point out that very few youngsters take the plunge into this big purchase, as the entire process is often challenging and complex. Although it may seem like a challenging task, if the process is managed smartly, the benefits are worth it. “A house is one of the most expensive investments, as compared to other purchases. Hence, buying such an appreciating asset early, helps in correctly setting one’s financial goals. Earlier the investment, higher the opportunity to reinvest and multiply your returns,” says Samson Arthur, branch director – Hyderabad, Knight Frank (India) Pvt Ltd. Benefits of buying a home in the 20s For a millennial, buying a home is an investment in the financial future, says Rajat Johar, head of residential services, India, CBRE, who explains some of the advantages of buying a home in the 20s: Future investment: It allows youngsters to in...

In India, considerable significance is attached to the ownership of property. While for the rich, it connotes a sense of power and prestige, for the vast majority of the middle-class population, it is a cherished dream and unfortunately, for the less privileged, it is a luxury beyond reach. While some countries have simplified the process of buying property, including the authentication of ownership documents by the government, in the Indian context, the process of identifying the right property is fraught with several risks, legal and regulatory hurdles. Buyers are often at the mercy of brokers or builders and motivated to make decisions, by the promise of exponential returns or irresistible offers. However tempting and lucrative the prospect may appear, it is imperative for the buyer to exercise due caution and obtain appropriate legal advice, to safeguard his interest before buying a property. 1. Verification of title and ownership of the seller It is a settled legal princi...

Vishesh Group presents "Balaji Symphony" is one of the best Luxury residential development in Panvel, Navi Mumbai, provides lavish and luxurious developed 1.5 BHK, 2 BHK and 3 BHK Flats in Panvel . The venture is well prepared with all contemporary facilities and 24X7 protection support to accomplish the needs of the citizens with modern amenities and security services. This township is spread across 10 acres of area with 11 Luxurious Residential Towers of 33 storeys & 2000+ flats of 1, 1.5, 2 & 3 BHK.

The Maharashtra cabinet, on March 5, 2019, cleared a 29- kilometre metro line for Thane, which will be implemented by the Maha Metro, on behalf of the Thane Municipal Corporation. A statement from the chief minister’s office said the project will take four years to be completed and will be built at a cost of Rs 13,095 crores. Of the 29 kms, 2.2 kms will be underground and the rest will be elevated, it added. Guardian minister of Thane Eknath Shinde, said the cabinet has approved the proposal and it will help decongest the densely populated areas of the city. It will have 22 stations and is projected to have a daily ridership of 5.76 lakhs , once commissioned and its fares will range from Rs 17 to Rs 104, an official said. The metro will start from the New Thane metro station in the old city area and will connect to the Wadala-Kasarvadavli Metro at two places, namely the New Thane station and Dongripada. It will also have a link to the Thane-Bhiwandi-Kalyan Metro Line 5 at Ma...

Stamp duty is a state subject and is administered by the respective states. The government of Maharashtra, on March 1, 2019, announced an amnesty scheme with respect to the penalty that can be levied for insufficient payment of stamp duty made in the past. The scheme is available only for certain real estate transactions. Stamp duty in Maharashtra and existing penalty provisions When you enter into any transaction of immovable property, whether it is a lease or sale or mortgage of the property, you are required to pay appropriate stamp duty on the agreement under which such transaction is being done . You are also required to register the document with the office of the registrar. In case adequate stamp duty is not paid with respect to any instrument, the instrument is not accepted as evidence in any legal proceeding. Moreover, such inadequately stamped documents can also be impounded by the judicial authority, as and when submitted as evidence. In order to rectify any suc...

The proposal to reduce the Goods and Services Tax (GST) rate on under-construction projects, will have positive implications for the sector. Considering that the modest turnaround witnessed in 2018 was driven primarily by sales of completed projects, which do not attract GST, the reduction in GST on under-construction projects will be a strong impetus for the growth of the real estate sector in 2019. While the removal of Input Tax Credits (ITC) may reduce developers’ profit margins in the short term, the revived demand for under-construction projects will offset the impact of this, over the long term. GST on real estate: Impact of the earlier high rates The previous GST rate was a deterrent for home buyers. Developers had been looking to incentivise sales of under-construction projects, with special offers and discounts. The new rate reduces the pricing disparity between under-construction and completed projects. The new tax structure will allow a more balanced sale of invento...