The second wave of COVID-19, which has hit India is causing a wide surge of infections. After the discontinuation of stamp duty benefit by the Maharashtra Government, the real estate sector which witnessed a strong revival in the last two quarters will now pin hopes on the auspicious occasion of Gudi Padwa to keep the sales momentum going.
Here are a few offers by real estate developers to look for:
For their project Runwal Bliss at Kanjurmarg East and Runwal Forests at Kanjurmarg West, Runwal Group is offering a stamp duty of just 3% till Gudi Padwa. For Runwal Pinnacle in Mulund West which features amongst the tallest towers of central suburbs, the group is offering zero floor rise along with stamp duty of 3% till Gudi Padwa.
For their 115 acre township Runwal Gardens at Dombivli East that comes with multiple health and lifestyle amenities, they are providing zero stamp duty, zero floor rise and assured gift on every booking.
“Auspicious dates always create a positive sentiment and people tend to start something new or make new purchases on such occasions. Gudi Padwa is one such occasion and it usually leads to home buying. We have very attractive festive offers that will make home buying even easier this Gudi Padwa. Customers can enjoy stamp duty of just 3% at our projects in Kanjurmarg and Mulund. At our township in Dombivli, they can enjoy zero stamp duty in addition to zero floor rise costs and assured gifts on bookings.”, said Mr. Rajat Rastogi, Executive Director, Runwal Group.
The Wadhwa Group
The Wadhwa Group, one of India’s leading real estate development companies and a prominent realty player in Mumbai, have introduced a new campaign for Q1 2021-22 under which they are providing a Zero Stamp Duty offer and flexi-payment plan during the period of Gudi Padwa for higher floor inventories in their projects Wadhwa Pristine at Matunga West, TW Gardens at Kandivali East & Dukes Horizon at Chembur.
Commenting on the campaign, Mr. Bhasker Jain, Head – Sales, Marketing & CRM, The Wadhwa Group says, “The residential segment looks very promising in the current scenario of Covid 19, as customers have now realized the importance of a well planned, well designed and a well ventilated home during the pandemic more than ever before. We are seeing a lot of traction for our projects as they are built on philosophy of ample height, light & air. This auspicious season we are providing our customers with a zero stamp duty and a flexi-payment plan on our select projects for the higher floor inventories.”
Vijay Khetan Group
Considered an auspicious time to invest, Gudi Padwa has, over the years, set a trend among home buyers. Keeping in mind the mood, Vijay Khetan Group has come up with attractive offers for homebuyers planning to invest in their project. The High-end residential complex, Krishna Residences located in Andheri (E) offers an exciting deal where a homebuyer can avail of an EMI holiday for 12 months along with No GST on their fully furnished Ready-to-move-in apartments. There are limited inventories available where the customer can experience streamlined processes and hassle-free buying and can avail the offers from Gudi Padwa till Akshaya Tritiya.
‘’Considering this festive mood, we at Vijay Khetan Group provide offers for the homebuyers, that becomes an attractive value proposition, and we should see their confidence in the sector increase, and boost consumption. The offers are provided to relieve the stress of execution on the end-user to deal with contractors and cost overruns during these testing times and the lockdown. With the EMI holiday for 12 months on Ready to move in apartments, we have relaxed the burden of Home Loan EMI’s for a year making customers rationalize during these hard times and just focus on the well-being of their families. Buying a home at auspicious times like Gudi Padwa is believed to bring prosperity and opulence for life. Therefore, homebuyers planning to invest wait for this time of the year and also look forward to lucrative deals and schemes in the market,” said Mr. Anuj Khetan, Director, Vijay Khetan Group.
For one of the top 10 best selling projects in Mumbai, Aarambh at Malad East, the developer Group Satellite is providing homes starting Rs. 49.5 lakhs (all inclusive) with No Stamp Duty, No GST, No Floor Rise and No Hidden Charges and that too within the city limits of Mumbai. A customer can pay 10% now (on or before Gudi Padwa) and no further payment till December 2021. This is a limited edition offer till Gudi Padwa.
For their project Satellite Elegance at Goregaon, the developer is providing Modular Kitchen, Air-conditioned homes, Payment Holiday and We Delay-We Pay for the customers to grab the opportunity and make a purchase decision on or before Gudi Padwa day.
Mr. Himanshu Jain, VP – Sales, Marketing & CRM – Satellite Developers Pvt. Ltd (SDPL) said, “The real estate sector relies heavily on auspicious occasions like Gudi Padwa which leads to enhanced buyer activity and property sales. This year, the festival will be way different from the previous years owing to improved home buying sentiment. As the State is going through stringent guidelines due to increasing Covid cases, we have analyzed the buyers’ current situation and have customized the offers accordingly. We have extended the stamp duty benefit for our homebuyers and are offering no stamp duty, no GST, no floor rise and no hidden charges on our project Aarambh at Malad East. We are also offering a payment holiday where the buyer needs to pay 10% now and no further payment till December 2021. For our Goregaon project we are offering modular kitchen, air-conditioned homes, payment holiday and assured delivery before RERA deadline. This is the best buying opportunity for the buyers to buy their dream home and experience the best-in-class lifestyle within the city limits.”
On the auspicious occasion of Gudi Padwa, Tridhaatu is offering a Zero Stamp Duty across all their projects if a person buys a property on or before Gudi Padwa. To ease their financial burden of the buyer, the developer is also offering a subvention scheme in their projects in Chembur and Matunga.
“Gudi Padwa is all about happy and new beginnings. Over the last one year the pandemic has made everyone realize the importance of owning a home. With a slew of customer friendly measures like stamp duty reduction, all time low home loan rates, etc, many homebuyers got a chance to realize this dream. This Gudi Padwa, Tridhaatu would like to keep the goodness flowing. We are happy to offer zero stamp duty on all our projects for the festive occasion. Parallely to help in easing out the financial burden on the home buyers, we are also offering subvention schemes in our projects in Chembur and Matunga”, said Mr. Dhananjay Sandu, Co-Founder & Managing Director, Tridhaatu Realty.