On 19th April 2022 by Admin,
The home buying process is not a one-step process like any other investment. It needs research and a lot of homework especially for the home buyers. Good news is that there are a few types of advantages associated with being a first-time homebuyer. They don’t have to wait for their current home to sell and, at the same time, get the benefit of a tax rebate. First-time home buyers get a tax rebate of up to 5 lakhs under different sections of Income Tax Acts.
There are a lot of details involved in the process. And if you are a first-time homebuyer, you should be aware of these crucial steps. Find out the things you need to check before taking the plunge.
Assess your budget :
Before gearing up for investment, calculate your budget, including the monthly expenses. Then, check out the hidden costs like stamp duty. There are exemptions in stamp duty in some states and territories. For example, in Maharashtra, currently, there is a 50 % reduction in stamp duty.
Buyer lifestyle needs :
If you are a parent home buyer, then explore the neighborhood for good schools, good health care facilities, and spots for recreational activities in leisure time. Check out if the property you are eyeing to buy offers modern amenities or not. Reputed builders are launching projects full of modern amenities like the Infinity World in Punawale. The project has been developed by renowned Tulip builders. The project features state-of-the-art amenities and conveniences like schools, hospitals, and job corridors in close proximity.
Keep yearly maintenance account :
Set aside a maintenance account for the upkeep of the property. Yearly maintenance in a timely fashion prevents any future catastrophe. A budget should be allocated for repair and replacement.
Tulip Group, a renowned developer in Punawale PCMC, has launched several projects, including Infinity World in Punawale and Infinity Planet in Moshi. Both the projects offer affordable homes equipped with best-in-class amenities. Infinity World in Punawale is set near Ravet hanging bridge and set for possession in June 2026. The project features spacious 3 bhk next – gen homes in Punawale equipped with thoughtful amenities. From ample open spaces to mother’s den, it offers luxury to each age group. In addition, residents will have the perks of a clubhouse, swimming pools, and separate meditation and yoga zone, among others.
Moreover, the project has seamless connectivity to the rest of the city via PMPML services when it comes to connectivity. Finally, the project’s strategic location has the added benefit of its proximity to reputed schools and colleges for parent home buyers. So explore the property and find the best home that complements your needs.