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Importance of buying homes in the affordable segment:

23 Mar, 21
Buying a dream home is no menial task. There are several things to factor in during the home buying process – appreciation and value of investing in a specific area, weighing the pros and cons of the space in order to match the living requirement of an individual or family, most importantly crunching the numbers to work within a given budget.

Being a first-time home buyer, one is sometimes a bit strapped for money. Affordable homes cater to these buyers’ immediate need of a place they can call their own whilst investing in property. Areas such as Malad are growing micro-markets. With malls, restaurants, schools, colleges and hospitals all within a 5km radius, investing in an affordable housing project in Malad will yield a higher appreciation rate.

The Maharashtra government has also reduced the burden for citizens paying exorbitantly by considerably decreasing several registration fees and taxes. Stamp duty amongst other reductions is now 3% and for woman buyers this is further reduced to 2%.

Aarambh by Group Satellite, a 1 BHK flat in Malad introduces Mumbai’s first upper bhk. Rs. 47.5 lakhs all inclusive that is a first-time home buyers’ dream come true. Amenities that range from a gym, children’s play area, banquet hall and many more – affordable is definitely not equal to compromise.

With the on-going metro and road project connectivity will become seamless to any part of Mumbai city.

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