Why Are Builders Offering Gold & Stamp Duty Discounts?

Stamp duty cut gold discounts by developers
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Builders offering stamp duty discounts, flexi payments and even gold to those who are booking in their projects. Read to know why and what are some of the offers in the industry.

By Varun Singh

Builders across the city and in Mumbai Metropolitan region offering some good discounts.

These discounts include stamp duty cut, flexi payments and even golds in certain cases.

The offers are festive offers, some are till Gudi Padwa, some up to Akshay Tritiya.

These are auspicious days and many homebuyers make their booking during this period.

Developers are trying to make the most of this festive period.

Below are some of the offers that developers across the city are offering to homebuyers.

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 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 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 Rajat Rastogi, Executive Director, Runwal Group.

“Gudi Padwa being an auspicious occasion for home buying sentiments, the real estate market will see an enhanced consumer confidence index as owning a home has emerged to be a centre of gravity on grounds of safety, stability and security. It also offers steady rental income and long-term appreciation in comparison to other volatile asset classes. It is the right time for muted investment in real estate to return as the external market conditions are conducive for domestic as well as NRI investors in the backdrop of favourable policies by regulatory bodies, innovative payment schemes by financial institutions, lowered home loans interest rates and liquidity infusion by the government in form of fiscal impetus improving the economic climate. Amidst the resurgence of Covid -19 pandemic leading to the new normal way of living, the home-buying with branded developers offering quality, timely delivery and ready to move in option to save GST should be a priority for all the discerning home seekers in this festivity.”

 Dr. Niranjan Hiranandani, President, NAREDCO on Gudi Padwa
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The Wadhwa Group, 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, 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.”

Considered an auspicious time to invest, Gudi Padwa has, over the years, set a trend among home buyers.

Rohit Poddar, Managing Director, Poddar Housing and Development LTD. On Gudi Padwa Offers, said, “Gudi Padwa is a very auspicious occasion to purchase your dream home. This year is a special year with very low home loan rates, great prices on homes and our self belief in human resilience. Prices are going up due to inflation and increased input prices so make use of this great opportunity to buy your dream home.”

Keeping in mind the mood, Vijay Khetan Group has come up with offers for homebuyers planning to invest in their project. In their residential complex, Krishna Residences located in Andheri (E) homebuyers 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.

“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 Anuj Khetan, Director, Vijay Khetan Group.

Group Satellite is providing homes with No Stamp Duty, No GST, No Floor Rise and No Hidden Charges. 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.

Himanshu Jain, VP – Sales, Marketing & CRM – Satellite Developers Pvt. Ltd (SDPL) said, “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.”

Tridhaatu is offering a Zero Stamp Duty across all their projects if a person buys a property on or before Gudi Padwa. The developer is also offering a subvention scheme in their projects in Chembur and Matunga.

“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 Dhananjay Sandu, Co-Founder & Managing Director, Tridhaatu Realty.

Also Read: Here Are The Festive Offers From Builders

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