Posted by Admin, On 8th July 2022
Benefits for women homebuyers investing in MJ Opera in Wakad
Wakad, located on the western fringes of Pune, witnessed rapid development in the real estate sector. Sharing neighborhoods with Baner, Hinjewadi, and Pimple Saudagar, this locality offers excellent connectivity to workplaces as Rajiv Gandhi Infotech Park is located in Hinjewadi. Its contemporary work environment offers magnificent investment opportunities to investors keen on investing in residential and commercial properties. Its cosmopolitan environment and the presence of social amenities contribute to a convenient lifestyle. Immediate proximity to Mumbai-Pune Expressway helps connect Wakad to important locations in the city. Apart from the highway, the upcoming metro connecting Hinjewadi to Shivaji Nagar will further improve the connectivity of Wakad to other key nodes of the city.
Benefits that women homebuyers can enjoy
Bank interest rates :
As compared to other customers,home loan interest rates for women.Several banks offer home loans to women applicants at lower interest rates. For example, SBI charges 6.80 % interest if the loan size is 30 lakhs. HDFC charges 6.90 % interest for women borrowers, whereas the effective rate for men borrowers is 7 %. The difference seems minimal, but it makes significant changes when the loan amount is high. Many banks offer lower home loan interest rates to women borrowers because surveys have revealed that they are more punctual on repaying their loans. Also, some banks provide gold vouchers to female homeowners.
Discount on Stamp duty :
Stamp duty for women borrowers is often lower by 2 %. In Maharashtra, women homebuyers can avail 1% concession on stamp duty. However, the same is not applicable if she buys a commercial property. 1 % concession on stamp duty can be availed on conditions that she can not sell the property to any male person with a lock-in period of 15 years. If she fails to abide by the regulations, she must pay 1 percent stamp duty with a penalty.
Tax deductions :
Women borrowers can get tax rebates on borrowing home loans under Section 24 C. The tax rebate can be up to Rs 2 Lakhs. Under Section 80 C, the tax rebate is up to 1.5 lakhs. If you are contemplating buying a home in Wakad, you can avail of these financial benefits and discounts from banks and the government as a women buyer. In Wakad, reputed builders are launching premium residential projects to address the need of home buyers who are willing to settle in Wakad. As the locality is close to Hinjewadi IT park and several other companies in Baner, professionals prefer homes near their workplaces. MJ group, an emerging realtor, has launched MJ Opera in Wakad. The property is a new launch and offers premium 2 BHK residences for sale . Being located in Wakad, MJ Opera enjoys the social amenities of Wakad, which are in immediate proximity to the project. Buying a home is a significant achievement and if you are a woman buyer, then take a step towards financial independence by owning a home in Wakad, Pune.
