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Every Investment has its own pros and cons and you can never find a risk free investment. But, there are some misconceptions that people have when it comes to buying a property and these misconceptions may sometimes lead you to buy a wrong property.

- Risk Bearing: The first and biggest illusion that people have is that, laying out money on real estate is risky compared to any other forms of investment. In contrast, it is equally risky as others.

- Area in demand-more worthy: Most of them think that investing in an area which is highly in demand is better than investing in a less popular area. Well, it’s hard to predict the land value based on present popularity.

- Empties Pockets and savings: Many people miscalculate that investing in real estate requires a lot of money, which is beyond their savings. But, you can always use loans to buy a good property.

- Value always increases: There is always a disbelief that the value of the property increases As  said earlier, we can always find ups and downs in the market and it is unpredictable. So, the value of a property may sometimes fall down from its peak value or it may go from its least value to the highest price.

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Property tax computation in Mumbai was earlier done on the rate based value system where the charges are determined by the amount of rent collected from a given property in a year.The Brihanmumbai Municipal Corporation (BMC) has now adopted a capital value-based property assessment and tax calculation system which depends on the stamp duty ready-reckoner rate issued by the government to estimate the property value based on different parameters. This rate is revised annually which helps BMC to arrive at a realistic value.

According to the BMC’s proposal passed on July 7, 2017 the buildings with a carpet area of up to 500 sq ft are exempted from property taxes. It also proposes a concession of 60 per cent for properties with an area between 500 sq ft and 700 sq ft.If implemented by the civic commissioner and the Maharashtra government, the property owners will be announced for this benefit.

The new launch in Palava city is a desired one which meets all your requirements. Palava is surrounded by Green Environments-the essential Components of healthy lifestyle, we have a profusion of apartments with attached private garden & terrace. The property agents at Palava city are the most experienced agents who can find the best house according to your requirement. One such agents are Bright real estate consultants, they are the oldest property consultants at Palava city, and also official partners of the Lodha group.

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The parameters considered for property tax calculation include the location of the property, the occupancy status the property type, the amenities provided, the year of construction, the type of construction, the Floor Space Index and the carpet area.

Highly experienced consultants who have dealt with thousands of clients who make sure for the customer delight and satisfaction are here at Palava to help you out. Consultants such as Bright real estates are here to understand your requirements and expectations to provide you the house which is desired by you. They are the oldest real estate brokers in Dombivali and are the official partners of Lodha group.

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