Real estate enthusiasts in Mumbai will be in for a treat as the upcoming CREDAI-MCHI exhibition will provide an exclusive opportunity. For three days, home buyers can enjoy a special promotion offering zero registration and stamp duty charges on property purchases.
Opportunity Revealed
Organized by CREDAI-MCHI, the apex real estate industry body of Mumbai Metropolitan Region, this limited-time offer is applicable on all purchases made during the event starting from Republic Day. The focus is on making homeownership more accessible and attractive.
Developer buzz
This year's expo is expected to be bigger and better, with over 75 developers participating, a significant increase from the last edition's 68-70 developers. Based on the positive response, the association expects a substantial increase in unit sales, expected to sell an impressive 300-400 units, more than double last year's figures.
"Zero is our hero": a catchy slogan
With a catchy tagline “Zero is our Hero”, it aims to meet the current demand for residential properties. This incentive not only sweetens the deal but also results in a substantial saving of around 6% for the discerning consumer.
Financial assistance from renowned banks
To facilitate seamless transactions, HDFC Bank and State Bank of India will offer attractive financing options. All the projects presented have prior approval from SBI. While actual mortgage rates depend on an individual's CIBIL score, the base rate is set at around 8.35%.
various property offers
The prices of the properties displayed at the exhibition range from around Rs 12 lakh to Rs 10 crore. The most affordable options are located on the outskirts of the Mumbai metropolitan area, providing a variety of options for potential homeowners.
Significant growth in the real estate sector
CREDAI Chairman Boman Irani, who is also the director of Keystone Developers, which sells homes under the Rustomjee brand, highlighted the important role of real estate in creating wealth for Indians. He emphasized its fundamental position as an asset class for investors, saying that 60% of traditional wealth comes from real estate.
Grand opening
To add to the grandeur of the event, Maharashtra Chief Minister Eknath Shinde will inaugurate the real estate exhibition. This is in line with the exhibition’s commitment to promoting a vibrant property market in the region.
conclusion
Mumbai real estate exposure is not just a market; It is an experience. With zero stamp duty and registration fees as well as various financing options, this program is set to redefine the home-buying experience for Mumbaikars. Don't miss your chance to own a part of the emerging real estate landscape.