Pune, India (PressExposure) March 10, 2011 -- As per the new service tax provisions property buyers need not pay service tax where completion certificate for the property sold is obtained. Buyers investing in under construction apartments will be required to pay the requisite service tax amount if the completion certificate has not been issued. Buyers investing in ready possession apartments can therefore save 2.6% service tax applicable on 25% of the total cost amount that is to be borne by the buyers. Also, buyers will save 1% in VAT. That means a whopping 3.6% of savings!!
Ready possession properties can prove to be an excellent investment option in the long run. With a ready possession property a buyer can evaluate the appreciation of the property and also determine if the rates demanded by the builder are in line with the actual market rates.
The ready possession apartments in La Cresta offer excellent amenities and are artistically designed. Compared to an under construction project, buying a ready possession apartment in La Cresta can free you from the double burden of EMI on the loan as well as the rent. You can easily move into your beautiful apartment and plan effectively to pay for your owned accommodation. Purchasing a beautifully designed apartment in La Cresta can also be an excellent investment option. You can easily use it for dwelling or rent it out to earn handsome rent profits.
Today, Paranjape Schemes (Construction) Ltd are India's leading real estate and property developers offering premium quality residential projects - building world class homes with superior specifications, better amenities and creating contemporary lifestyles. With over 25,000 homes built across western Maharashtra, over 100 top-of-the-line projects completed in the past 20 years, with ownership of 15 million sq.ft of FSI as well as a special focus on creating homes and care facilities for the senior citizens through their project Athashri, the company has maintained its stunning success graph.