Universal Informative Blog

Investments are the perfect avenues to plan a secure future. Among all of the investment options, a property purchase is certainly one that offers guaranteed returns. Apart from long-term benefits through price rise, another great perk to buying a property or a home is the tax benefit that you no doubt seek before making any investment. Here’s why buying your very own property in Vile Parle East or other such areas makes perfect sense: Repayment of principal amount – Section 80C When you repay a loan, the principal amount repayments works as a tax-saver under Section 80C. While the benefit is only allowed once the project has been completed and the documents received by the tax-payer, you can enjoy a benefit of up Rs. 1.5 lakhs. Benefits on loan interest paid – Section 24B Under this section, one can enjoy tax benefits on the interest amount paid on a home loan by an individual. The home loan can be availed for reconstruction, renewal, purchasing new property, and renewal.

People from all over the country visit the city of Mumbai to make a career. The city has some of the best educational institutes and also provides amazing job opportunities for the unemployed. Most of those individuals wish to buy a flat in the city of Mumbai, thanks to the fascinating lifestyle the city offers. But is buying a flat in Mumbai a distant dream? Well, not anymore. While buying a residential property in the main Mumbai city is not an achievable task for many, there are several suburbs that have 2 BHK flats available at different prices. While some of these properties are elite and are a perfect fit for those who wish to live in luxury, there are others that are quite affordable for the middle-class segment. Though the prices of the properties in suburbs like Mulund have seen a slight increase in the past year, they are still considered to be investor friendly. The cost of the 2 BHK flats for sale in Mulund East can differ from one property to another du