Home buyers availing the Credit Linked Subsidy Scheme [CLSS] scheme under Pradhan Mantri Awas Yojana [PMAY] for purchasing homes can heave a sigh of relief. The GST council has proposed that the Goods and Services Tax prevailing on these homes will reduced.
All under construction projects which are a part of CLSS will see a 4 percent cut in GST and will be charged at 8 percent instead of 12 percent.
Buyers who do not qualify for CLSS will continue to pay the same i.e GST at 12 percent for the same house.
Low-cost housing projects, where the maximum carpet area of units is 646 sq.ft. and have been given infrastructure status as per affordable housing definition, also fall under this GST benefit.
There has also been a change in the carpet area of houses for Middle Income Group falling under PMAY. In November, the cabinet approved that for:
-MIG-I category, the unit size was increased from 90 sq.m. to 120 sq.m.
-MIG-II category, the unit size was increased from 110 sq.m to 150 sq.m.
The reduction in GST along with the interest subvention scheme will result in a significant amount of saving for buyers while purchasing homes under PMAY-CLSS. These segments of home buyers are price sensitive and even a small change makes a considerable impact on their budget and hence influences their decision to buy a home.
This scheme is expected to convince developers to pass on their savings in terms of Input Tax Credit on construction, raw materials to home buyers, reducing the actual rate they have to pay for their home.
The Puravankara Group known for its professional business practices is one of the most renowned names in the real estate sector over the past 4 decades. They have an undoubtedly enviable brand image that has made them one of the most sought after names. The Puravankara Group is led by Mr. Ravi Purvankara and is head quartered in Bangalore. The real estate company is backed by prominent investors and is listed on Indian stock exchanges. After having built a strong foundation in Bangalore with popular projects such as Purva Riviera and Purva Venezia, the company has ventured into various geographies in West and South India.
Apart from Bangalore, they have a business presence in Mumbai, Pune Chennai, Hyderabad, Kochi, Coimbatore and Dubai. The company runs a premium housing segment under the brand name Puravankara. A budget housing venture is run under the name Provident. Puravankara caters to projects that are above 60 lakhs and Provident caters to projects that are 60 lakhs or below.
They were ISO 9001 Certified by DNV in 1998 and have a DA2+ rating by CRISIL. With 23.5 million square feet of land consisting of 48 completed residential projects, 2 commercial projects, and another 25 million square feet under development, it isn’t surprising that Puravankara is such a trusted name.
Few of their prominent projects would be Purva Palm Beach and Purva Westend, Purva Coronation Square, Purva 270 in Bangalore, Purva Siver Sands in Pune.
The Puravankara Group is a very consumer centric real estate developer and they always put their consumers’ interests and needs first. Keeping this in mind, Puravankara is coming up with the Home Habba between 15-17 December.
The fest gives an opportunity to choose from ready and under construction portfolio of both Puravankara and Provident at discounted prices, easy finance schemes and other freebies. The fest will take place in Bangalore at M R Convention Hall. For further information please check out the following link:
The first tall building that falls in our line of sight while driving down Kolshet Road, is the upcoming project, Ashar Sapphire. The standalone residential tower, along with the commercial building Millenia, together is called Ashar Sparkle. Built by the Ashar Group, Millenia too is a landmark building located on the service lane of Ghodbunder Road.
The project offers 2 and 3 BHK apartments with prices ranging from INR 1.25 Crore to INR 1.95 Crore. The under construction project will be available for possession in December 2019. Read on to find what the project has to offer. The RERA registration number is P51700007389.
Ashar Sapphire: Location
The site for Ashar Sapphire is located only a few metres into Kolshet Road. Located approximately 7 kms away from Thane station, the Kolshet road acts as a bypass road to Ghodbunder road. The close proximity of the area to Eastern Express Highway makes connectivity to road networks easy. Also, looking at the location futuristically, it will be in close proximity to the new proposed metro line from Wadala to Ghodbunder Road and also the Monorail project, Thane-Bhiwandi- Kalyan MRTS. Thus, it is well connected by road and rail networks to different parts of the city.
Ashar Sapphire: Social Infrastructure
Its location being the ultimate USP, all the nearby schools, hospitals, malls and other social amenities are easily accessible and are available at a convenient distance from the site. Healthcare facilities such as Jupiter Hospital (2.2 kms), Shree Sai Hospital (2.1 kms), Lifeline Hospital (3.5 kms), Qi Spine Clinic (1.7 kms) and Bethany Hospital (3.3 kms) are located near this site. Educational institutes such as Smt. Sulochanadevi Singhania School (2.9 kms), EuroKids (3.6 kms), Little Flower High School (3.6 kms), and Holy Cross Convent High School (4.0 kms) are also located at an accessible distance. Various shopping malls like R-Mall ( 850 metres), Korum Mall (2.8 kms), Viviana Mall (2.3 kms), and Eternity Mall (4.6 kms) can also be accessed easily for utility and leisure purposes.
Ashar Sapphire: Amenities Overview
Another USP of this project is that all the available recreational amenities are exclusively available only to the 200 families residing here. There are green open spaces on multiple levels. For fitness and workout sessions, a fully equipped gymnasium has been provided to the residents. The children’s play area is vehicle free, keeping the safety issues of children in mind. Senior citizens prefer spending their leisure time amidst nature. For them, the lush green senior citizen zone is the place to be. There are also provisions for indoor games such as carrom, chess, snooker etc. For toddlers, a separate spacious play area and pool has been provided. For events such as birthday parties, etc., the residents can avail the facilities of the multipurpose hall in the premises itself. Also, for security purposes, a CCTV security system has been installed.
Ashar Sapphire: Building Layout
Ashar Sapphire is a 27 storeyed standalone tower having 2 wings, A and B. Apartment configurations of 2 BHK and 3 BHK are available here. There are eight apartments on each floor, which includes four in the A-wing and four in the B-wing along with 4 lifts and 2 staircases. On every floor, four apartments with a configuration of 2 BHK and four apartments with a configuration of 3 BHK are available.
Ashar Sapphire: Apartment Layout
The apartments have a standard, well-spaced design with separate wardrobe niches for the bedrooms which gives a clear usable rectangular area. The 3 BHK apartments have a separate area dedicated for dining, which is adjacent to the kitchen and is convenient as the two have interdependent functions.
Ashar Sapphire: Carpet Area and Price
660 sq. ft.
INR 1.25 Crore- INR 1.38 Crore
927 sq. ft.
INR 1.77 Crore- INR 1.95 Crore
About the Builder
Ashar Group was established in 2002 and is now considered one of Mumbai’s renowned property development firms. They have made contributions in the field of construction, education, IT-parks, retail and infrastructure. Some of their residential projects are Ashar Maple in Mulund, Ashar Grape City in Nashik, Ashar 16 in Thane. Ashar Tiara, Ashar IT Park, Ashar Millenia, and Ashar Bellezza are some of their commercial projects in Thane.
It is hard to miss the towering buildings of Hiranandani One Park while travelling on Ghodbunder Road in Thane. The project is located right off the service road, which is one of its major USPs. The other is not a difficult guess either. The real estate sector calls for brand name and trust. Both are a check for project One Park, which is being developed by the Hiranandani Group.
One Park by Hiranandani Group is an upcoming residential project on Ghodbunder Road, Thane. There will be 8 towers having apartment configurations of 1, 2, 3 and 4 BHK. The prices of these apartments range from INR 95.5 Lacs to INR 4.71 Cr. The possession date of the project is December 2019. The RERA registration number of the project is P51700000129.
Hiranandani One Park: Location
Hiranandani One Park is located on the Ghodbunder service road, at Brahmand in Thane West. The 20 km long stretch of Ghodbunder Road, also known as State Highway 42, runs through Thane district and links the Eastern and Western Express Highways of Mumbai. It connects Thane district to western suburbs of Mumbai like Mira Road and Borivali. City buses like BEST (Mumbai City Bus), TMT (Thane Municipal Transport), NMMT (Navi Mumbai Municipal Transport), MBMT (Mira Bhayander Municipal Transport) and VVMT (Vasai Virar City Bus) provide for a convenient transportation system.
Hiranandani One Park: Site Layout and Amenities Overview
There are 8 towers, namely Barrington, Clifton, Cloverdale, Eagleton, Fairway, Hampton, Preston and Willowcrest. The towers are not inter-connected which results in more open area pockets.
There are provisions for many recreational amenities here. The jogging track will allow residents to enjoy a leisure walk with their families or a brisk workout. If one needs some time away from the monotonous daily routine, there is a yoga and meditation area to give residents the much needed peace of mind. The outdoor tennis courts and basketball court are eye catching facilities for sports lovers. After a rigorous day, a dip in the swimming pool would be the perfect way to relax, which is also available here. The club-house includes various indoor sports, a squash court, and gymnasium. For those who like to mix fitness with dance, aerobics has also been made available in the club house. For children, a kids’ play area has been laid out.
Hiranandani One Park: Apartment Configuration & Price
The 8 premium towers provide apartment configurations ranging from 1 to 4 BHK.
Area (in sq. ft. as per RERA)
95.55 lacs onwards
1.12 Crore onwards
Barrington, Preston, Clifton, Willowcrest
2.23 Crore – 2.88 Crore
Eagleton, Hampton, Willowcrest
3.41 Crore – 4.71 Crore
Hiranandani One Park: Building Layout
No. of Apartments (each floor)
Barrington, Preston, Clifton
All the towers are 29 storeys tall. Towers Cloverdale and Fairway have 4 lifts and 2 staircases on every floor, whereas all the other towers have 3 lifts and 2 staircases.
Hiranandani One Park: Apartment Layout
The apartments are spacious, have a well-designed layout and separate wardrobe niches for the bedrooms.
The 4 BHK apartments have 6 toilets which include 1 for each bedroom, 1 guest toilet as well as 1 servant’s toilet. The master bedroom also has a walk-in wardrobe. The 3 and 4 BHK apartments have a provision of a deck for leisure purposes, which ranges from 4 to 6 feet.
About the Builder
The Hiranandani Group was founded in 1978 and is one of the leading developers in the Mumbai realty market. Some of its well-known projects are Hiranandani Estate in Thane, Rodas Enclave in Thane, Hiranandani Gardens in Powai, The Walk in Thane, Hiranandani Meadows in Thane, and Hiranandani Heritage in Kandivali. The Hiranandani Foundation schools in Thane and Powai are the educational institutes set up by them..
What reasons help you, as a consumer to narrow down to a particular property after going through the myriad of options available these days? Is it the developer name, location, amenities, surroundings or proximity to nature? If I told you Godrej Emerald met the above criterion, would you want to know more about it? Read on to find what the project has to offer.
Emerald by Godrej Properties is an upcoming residential project on Ghodbunder Road, Thane. There will be 7 towers having apartment configurations of 1.5, 2 and 3 BHK. The prices of these apartments range from INR 77 Lacs to INR 1.6 Cr. The possession date of the project is June 2020.
Godrej Emerald: Project Location
Godrej Emerald is located in the lap of lush green landscapes, near Gaimukh Gaon at the end of Ghodbunder Road. The location facilitates exquisite views of the Gaimukh hills, a rare feature in today’s cities of concrete jungles. Gaimukh Gaon, which can be translated as ‘mouth of the cow’, is a small village. It is also a popular pilgrim centre, and comes alive on Mahashivratri, as it has a temple dedicated to Lord Shiva.
The 20 km long stretch of Ghodbunder Road, also known as State Highway 42, runs through Thane district and links the Eastern and Western Express Highways of Mumbai. It connects Thane district to western suburbs of Mumbai like Mira Road, Borivali and also Vasai and Naigaon. City buses like BEST (Mumbai City Bus), TMT (Thane Municipal Transport), NMMT (Navi Mumbai Municipal Transport), MBMT (Mira Bhayander Municipal Transport) and VVMT (Vasai Virar City Bus) are a part of the transport system here. There are four flyovers present on the arterial road i.e. at Waghbil, Patilpada, Manpadaand Kapurbawdi, which have eased vehicular traffic.
The project stands on a 6.5 acre land parcel. The 7 towers, which are each 28 storeyed, surround the central recreational space.
The site layout for Godrej Emerald has been interestingly designed. The recreational area has an elevated circular walkway that runs through the entire central area, called the Canopy Walk. The design also embodies other interesting architectural elements like a pergola, which covers the swimming pool area.
Godrej Emerald: Apartment Layout and Price
The apartments have a standard, well-spaced design, with separate wardrobe niches for the bedrooms. The 2 and 3 BHK apartments also have a separate foyer area at the entrance and a 1 metre wide useable balcony. The rooms have well finished vitrified tile flooring, while the kitchen has ceramic tile flooring. Apartments are available in the following configurations:
Area (in sq. m)
Price (in Crore Rupees)
43.64 to 45.46
57.68 to 59.84
76.78 to 85.45
Godrej Emerald: Amenities
There are several options for recreation and leisure in Godrej Emerald. Out of the total area of the site, 2.5 acres has been dedicated for recreation.
The clubhouse has several facilities like an indoor squash and badminton court, a library, a poolside café, martial arts arena, aerobics/zumba arena, yoga corner, table tennis, gym, steam room, business centre, home theatre, crèche area and a wifi enabled zone.
The recreation ground has an amphitheatre which can accommodate 250 people. It also has a swimming pool, multipurpose play court, box cricket, skating rink, party lawn, bird house and an organic farm. Residents can also experience nature walking on the path which goes around these facilities.
The podium has a children’s play area, semi covered pavilions, seating areas, multiple life size games, jogging track, viewing gallery, rock climbing wall, open gym, tree house, meditation pavilion, hammock zone, a sand pit for kids, acupressure walkway, senior citizen’s area and an outdoor dining area as well.
Godrej Properties is known for its homes built for various customer segments with Godrej’s trademark-quality. It has carved a niche for itself in various cities across India. In Mumbai, projects like The Trees in Vikhroli, Serenity as well as Central in Chembur, fall under their name. Emerald looks like a promising residential project for people who wish to reside in the city yet experience closeness to nature with delightful views from their homes. It is a project replete with multiple amenities and various apartment configurations for all budget segments.
Are you ready to buy a home? But unsure of how to go about it in these uncertain times? Our little explainer will prep you for the process of buying your first home. It summarises important things to keep in mind during the process of buying a home.
Understand the location and its benefits
Plan your budget or mortgage based on your monthly expenses
Understand payment schedules: when you pay more or less
Do your online research and homework
This will enable better, informed decisions
Visit the project site and understand what is on offer
There will be various offers, evaluate the best one for you and your family
Review your credit worthiness and loan eligibility
Simultaneously review rental rates in the area
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My wife and I were new to Bangalore and were looking for suggestions while planning to buy a home. A little Google search led us to this little known site called PropStory. They provide comprehensive reviews of under-construction projects which are based on actual site visits. The details are better than those we see in newspaper ads or even FB ads of these projects. After a little research on this site we narrowed down our search to a leading developer’s project in HSR Layout
Arjun Yadav, Bangalore
There are many websites one can refer to when deciding on real estate purchase. Of these I have only come across PropStory which provides the information in a narrative style. There are details about layout, specifications, local neighbourhood, connectivity and even developer background. I also like that they write about other matters like infrastructure, issues in real estate and hot topics like GST and RERA. Kudos to PropStory.
Revati Kunder, Mumbai
I recently visited a leading developer’s construction site and was disappointed by the lack of sufficient information the sales people gave me. My husband and I almost gave up on the project. But we like some of the specifications and decided to look for more online. That when we found PropStory and they had covered this project! We so pleased to find more info and were able to make our housebuying decision. Thanks PropStory.
Divya Matthews, Pune
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Dhruv Pathak, Gurgaon
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