Introduction:

Owning a house in the picturesque Konkan region has long been a dream for many working-class individuals. However, the high cost of property often makes this dream seem unattainable. At The Soulful Page, we have devised a solution that allows you to own a ready possession house in Konkan, Oros, Sindhudurg, just one hour away from Goa & Malwan, by paying just 1.8 lakhs.

Affordable Home Ownership in Konkan

For many individuals, the high cost of property in Konkan has been a major barrier to homeownership. However, our unique offer allows you to own a flat in Konkan by paying just 1.8 lakhs upfront. With one of the lowest housing loan interest rates at 8.35%, you will have the convenience of paying an EMI of just Rs. 6200/-.

Tax Benefits of Homeownership

One of the significant advantages of owning a home is the ability to avail tax benefits under sections 80C & 24(b) of the Income Tax Act. By taking advantage of these deductions, you can save a considerable amount of money on your income tax while also securing an appreciating asset for the future.

Strategic Location and Infrastructure

Our property is strategically located just 300 meters away from the 6-lane Mumbai-Goa Highway, offering easy accessibility and connectivity. With the newly inaugurated MOPA airport just 30 minutes away, the tourism industry in Konkan is expected to thrive, leading to an increase in property rates over time.

Rental Income Potential

The ready possession nature of our property opens up opportunities for additional income through rental. With two medical colleges within a 3-4 km radius and government officials working in nearby areas, leasing the property for rental purposes becomes a lucrative option for investors.

Understanding Tax Benefits on Home Loans

Under Section 80C of the Income Tax Act, home loan borrowers can claim a deduction of up to Rs. 1.5 lakh on principal repayment, while Section 24(b) allows for a deduction of up to Rs. 2 lakh on interest payment.

Joint Ownership and Tax Benefits

Joint borrowers of a home loan can individually claim deductions on interest payment (up to Rs. 2 lakh under Section 24(b)) and principal repayment (up to Rs. 1.5 lakh under Section 80C). This makes homeownership a more financially viable option for couples or co-owners.

Claiming Tax Benefits on Home Loans

Tax benefits on home loans can only be claimed once possession of the property is obtained. While interest paid prior to possession can be claimed over the next 5 years, principal repayment deductions are applicable only after possession. With our ready possession property, you can start claiming tax benefits from the date of purchase.

Low Interest Home Loan Options

Several banks, including Bank of India, Bank of Maharashtra, LIC Housing Finance, and Union Bank of India, offer home loans at competitive interest rates starting from 8.30% p.a. With such affordable financing options, owning your dream house in Konkan has never been easier.

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Contact:

+91 9769727057 (Saurabh)

+91 7045127770 (Dipti) &

+91 9930877228 (Hemant)