Budget 2013, proved to be beneficial to the affordable housing segment, but Tier I cities like Mumbai have to face the bitter side of the current Budget. Buyers who are aiming to buy luxurious apartments in Mumbai will have to pay a bit more than the prior pricing. According to the budget plan, there will be an increase in the service tax of the flats that cost Rs. 1 crore and above or having carpet area of more than 2,000 square feet. The reduction of the abatement rate by 5% that is from 75% to 70% has resulted in increase of the service tax of the luxurious homes. The service tax from 3.09% has gone upto 3.70%.For example, if the person is investing Rs 60 to 70 lakh for 1 BHK apartment in Mumbai than he or she has to pay almost Rs. 60,000 to 70,000 more on purchase that means an apartment that costs Rs. 1 crore than he or she will have to pay Rs. 1 lakh as taxes.Even luxurious homes in Tier I cities like Bangalore, Delhi-NCR and Chennai etc. will be affected by the budget. But Mumbai real estate market will be more critically affected, as the city offers any decent size apartments more than Rs. 1 crore.According to the experts, the residential market of Mumbai will not witness much slowdown. Both builders and the home-buyers think that additional deduction of interests won’t help the buyers in Mumbai as the realty prices are quite expensive in Mumbai. In fact 1% charge of tax on property transfer will raise the price of the homes.займ на карту без отказов круглосуточновзять кредит онлайн