Akshaya Tritiya 2019: Planning to buy home in Mumbai? Check offers on real estate

Akshaya Tritiya 2019: People from across the country are celebrating Akshaya Tritiya today and during this period, demand for gold, in the form of jewellery, bars and coins usually witness a huge rise. However, buying a house too is one of the things that is recommended. Sensing the importance of Akshay Tritiya in the realty sector, the real estate developers have come out with multiple offers that range from flexible payment options, saving on GST, rent and earn option, no floor rise charges, offering Gold voucher and other exciting deals. 

On the occasion of Akshaya Tritiya, leading developer Rustomjee Group offers the deal to save up to 15 lacs and also 0% GST on purchase at Rustomjee Urbania, Thane(W). It also offers a spacious balcony for 2 BHK homes at Rs 1.26 cr + Taxes and this offer is valid on Azziano E wing only.

Apart from this developer the Runwal Group assured to offer the Gold Voucher on its 3 projects namely Runwal Bliss at Kanjurmarg East, Runwal Forests at Kanjurmarg West and Runwal Greens at Mulund West. 

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Also, Ruparel Realty has something for you.  Amit Ruparel, Managing Director, Ruparel Realty, said “Akshay Tritiya has always been one of the most auspicious muhurat to buy or invest in real estate. A large part of Indian home-buyers even today are more religiously inclined when it comes to purchasing assets especially real estate. We at Ruparel Realty believe in making such occasions an opportune time for all our homebuyers to invest in their own home, thus we are offering purchase flexibility of INR 1 lakh booking amount and the remaining at fit-outs at our recently launched project Ruparel Pride in Kurla East. Additionally, under the current offer, homebuyers do not have to pay GST and they can also avail cashback of INR 15,000 on purchases via credit/debit card. For the project Ruparel Optima we are offering a fully furnished apartment and two-wheeler at the time of registration. The offer is valid from 4th May till 7th May 2019.”

Here is the reason why it is a good time to invest in the Real estate:
To purchase property this Akshaya Tritiya would be that, from FY 2019-20 and onwards, the benefit of considering the houses as self-occupied has been extended to 2 houses. Now, a homeowner can claim his 2 properties as self-occupied and remaining house as let out for Income tax purposes.

Another reason can be "Income from house property" which means in the case of a self-occupied property will be either Nil (if there is no interest on housing loan) or negative (i.e., loss) to the extent of interest on housing loan. But, if you have taken a housing loan, then under section 24(b) of the IT Act, you can claim deductions. However, the amount must not exceed Rs 2 lakh or Rs 30,000.