New Year 2018 has brought together plethora of alluring offers on buying property in Ghaziabad. Buyers can save GST in ready to move flats in Ghaziabad and avail subsidy under PMAY in River Heights. Read onto know more.
First of all, you need to know what GST is all about. GST- Goods and Services tax is also known as a comprehensive indirect tax on sale, manufacture and consumption of different kinds of goods and services throughout India with all other Central and State taxes intended to be included under it.
No doubt, inception of GST is affecting the real estate sector and it has its own positives for the buyers and developers. When it comes to developers, GST comes as a relief which reduces heavy taxes by a considerable percentage.
Invest in Ghaziabad real estate and save GST
GST will bring in transparency on costing and finance and additional costs borne by both buyers and developers will be reduced to a large extent. And RERA also brought some degree of transparency in the real estate sector. The best part is that you can save GST while buying flats in Ghaziabad offered under projects like River Heights and GolfLinks.
To empower people and help them get their dream home, honorable Prime Minister has announced a comprehensive and progressive mission called ‘Pradhan Mantri Awas Yojna’- housing for all. The scheme is quite beneficial for Lower and middle income group with provisions like Credit Linked Subsidy Scheme. With this scheme, Central Govt. provides financial assistance through lending institutions to eligible beneficiaries.
Avail subsidy under PMAY in River & Heights GolfLinks
Basically, the interest subsidy is channelized through two central nodal agencies such as National Housing Bank and Housing and Urban Development Corporation. During the process, the apex government bodies channelize subsidy to the lending institutions and they help the eligible applicants to avail subsidy. The best part is that eligible beneficiaries can avail subsidy upto 2.67 Lakh under PMAY in River Heights & GolfLinks . In this process, Central government provides the interest subsidy which is credited to the eligible beneficiary’s loan account. For instance, a beneficiary receiving subsidy of Rs. 2.67 Lac on a loan amount of Rs. 20 Lac for 20 years loan tenure, at an interest rate of 8.5% actually gets loan at an Effective Home Loan rate of 6.61%.
Boon for EWS and LIG Households
Basically, EWS and LIG households/families whose annual household income is upto Rs 6 lakh is eligible to avail subsidy under this scheme. Make a note; the concerned applicant must not own a pucca house in any part of India.
Book home in GolfLinks
However, if you are interested to buy a flat in GolfLinks in the New Year 2018, pay Just 2% to book your home in GolfLinks and enjoy the experience of luxuries at quite competitive rates. So, book your flat today !!!