The coronavirus pandemic has influenced citizens’ way of living life. The CVOID-19 pandemic has changed the citizens’ behavior and perspective, in deciding the location for buying home.

Normally, people consider big cities where the distance from the workplace, entertainment, and fun attributes lies ahead compared to all other health factors.

Whereas now after CVOID-19, buyers consider many other factors thoughtfully, aspects which are mainly into buyers’ consideration are space availability to maintain social distancing and availability of fast medical services.

Senior citizens are more likely to move away from the metro cities post-pandemic because of the congestion, hectic traffic, air pollution, and noisy life. Senior citizens are searching for a place that is pollution-free, less crowded and has a good environment for their health like Talegaon, Pune.

Why seniors should prefer homes in Talegaon Dabhade?

 

PROXIMITY

Talegaon Dabhade is situated in the midst of Mumbai, Pune, and Nashik, and has the best connectivity to express highway, it takes a very short trip to reach nearby megacities.

MEDICAL CARE:

Senior Citizens mostly require regular check-ups depending on their health conditions. Talegaon Dabhade comprises a reputed government general hospital and various big private hospitals. Therefore senior citizens don’t have to worry about any emergency or medical conditions because they will get appropriate medical care locally.

ECO-FRIENDLY ENVIRONMENT:

Talegaon residential projects are very spacious and are away from the annoying noise of the world. Talegaon Dabhade is well-known for its exquisite and fascinating nature surrounding, which makes your living peaceful and pollution-free.

But in metro cities, it is very rare to feel the fresh air and a pollution-free environment. Thus Talegaon is the best place for senior citizen, to live in a pollution-free environment.

ECONOMICALLY SOUND:

The housing projects in Talegaon Dabhade are very affordable, the price of projects in Talegaon are very low compared to the similar projects in Mumbai and Pune.

LAND AVAILABILITY:

Talegaon Dabhade has sufficient land as compared to the limited lands of Mumbai and Pune. So the senior citizens have enough space to walk around and spend a peaceful time.

COVID-19 SECURITY MEASURES:

COVID-19 is a virus that will keep on spreading until the proper vaccination is developed. The doctor advised that even after the pandemic senior citizens will have to keep precautions for another year or more than a year to stay safe from the COVID-19 virus.

Social distancing has been a major precaution to stay away from the COVID-19 and being in metro cities is the biggest threat for oneself. Shifting or moving away from cities make it safer for senior citizens to stay away from heavy contagious disease. The infrastructure and less crowd of Talegaon Dabhade provide a safe environment to keep social distancing and follow safety measures.

Often, senior citizens worry about planning for their second innings of life mostly during or after retirement. While planning for retirement it is important to plan for the expenses wisely and it is obvious that living in metro cities costs a mountain just to live a very basic life. Instead, if you choose living in a suburb like Talegaon Dabhade it makes living very affordable and offers a magnificent lifestyle without any financial and medical stress.

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Here are some of the on-going projects: 

Vastu Shilp

Ayush Park III

Silver Treasure

Mount Vista

Indraprasth Residency 

A few weeks ago, Due to current pandemic, the Maharashtra government decided to reduce stamp duty on housing property from 5 percent to 2 percent until December 31, 2020.

The government has now decided to increase the ready reckoner (RR) rates in the state by around 1.74 percent.

The ready reckoner rates have been increased by 1.74 percent and the new rates will be applicable from September 12. 2020

WHAT IS READY RECKONER RATE?

Ready reckoner rates, also known as circle rates or guidance values, are the minimum values set by a state government below which a property cannot be registered. Each area within a city has its own RR rate on which stamp duty is calculated.

Circle rates have been increased in the state after over two years.

After reducing the stamp duty in most areas the increased RR rates will have an adverse impact on the real estate market. This decision by the Government of Maharashtra will lead to an increase in approval costs.

Also, property sales in primary as well as secondary markets in the areas where RR rates are higher than market rates will slow down due to income tax levied on both buyers and sellers u/s 43CA. This move is bound to have an adverse impact on the number of new project launches and puts the viability of ongoing projects under question," said Deepak Goradia, president, CREDAI-MCHI.

“It is surprising, that in a scenario where the suggestion, ‘reduce the price of residential real estate’ has been covered by media – be it Deepak Parekh, Nitin Gadkari or  Piyush Goel – the state government has instead opted to enhance the RR value.

Income tax provisions mean a developer cannot sell at a price point lower than the RR rate, as it translates into a taxation burden for both, buyer and seller. The expectation was that the state government would reduce the value; instead, it has chosen to increase the same. New projects will be impacted too, as the RR value will govern all levies, duties, and taxes payable by a developer. One hopes the authorities will consider this and take necessary steps, said Niranjan Hiranandani, President (national) NAREDCO and Assocham.

“Bringing down the RR rate considerably at this juncture was something that everybody was looking forward to as it would have given some room to developers to bring down the prices. Today in most of the micro-markets, the RR rate is almost equal to the ongoing sales price, and buyers as well as sellers have to pay tax if sales happen below the RR rate. This has been the limitation cited by developers to bring down prices, and an increase of RR rates further limits the room for them to bring down the price while too marginal a reduction makes no difference at all,” said Anuj Puri, Chairman, and ANA ROCK Property Consultants.

To bring the dynamics real estate market, the Maharashtra Government had on August 26 decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31, 2020. Stamp duty from Jan 1, 2021, until March 31, 2021, will be 3 percent according to Maharashtra Government.

The Maharashtra government on March 6 had announced that it is reducing stamp duty on properties by 1% for Mumbai, MMRDA Region, and Pune for a period of two years