23 February 2023|3 Minutes Read
By : Admin

Delhi-Mumbai Expressway: A Game-Changer for Future Connectivity

Delhi-Mumbai Expressway: A Game-Changer for Future Connectivity

As per real estate and development experts, the Sohna elevated road project has lead to an appreciation in land prices by up to 15%. Furthering this rise in the land value is the recently launched Sohna-Dausa leg of the Delhi-Mumbai Expressway. Brought into action by Prime Minister Narendra Modi on 12 February 2023, this road stretch will chronicle a new era of social and economic growth in regions that it will connect. Experts say that Sohna’s residential and commercial real estate sectors are said to witness huge success due to the increased connectivity and opportunities that the expressway will bring with itself.

The Delhi-Mumbai expressway will be 1,386 km long, which will make it the longest expressway in the country. This grand project has cut travel time between Gurugram and Sohna to 20 minutes. It will also cut down travel time between Delhi and Mumbai from initial 24 hours to just 12 hours. The new Sohna-Dausa stretch of the expressway will connect Alipur in Sohna to Dausa in Rajasthan, making commuting between the two cities fast and hassle-free. The highway will also connect major areas like Kota, Indore, Jaipur, Bhopal, Vadodara, and Surat while traversing Delhi, Haryana, Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra. 

With this increase in connectivity and ease of travel, Sohna is fast rising to become one of the most coveted destinations to invest in. Sohna has already established itself as one of the most successful micro-markets in the country. With its proximity to areas such as south Delhi, Gurugram, Palwal, Faridabad and Alwar, it brings in business opportunities from prime commercial areas. Further aiding in Sohna’s commercial growth is the robust connectivity promised by the Delhi-Mumbai expressway, which seamlessly connects Sohna to prime locations of the country, such as the Jewar Airport in Uttar Pradesh and DND Flyover through Delhi. 

The expressway is set to amplify the real estate market in Sohna. Once the Gurgaon-Dausa stretch extends its roots to Mumbai, the number of commuters travelling from Delhi-NCR to Mumbai will likely increase, creating new growth opportunities. With reduced time in commuting, Sohna will witness a surge in logistics and warehousing, two of the most important economic drivers that a city can benefit from. 

The expressway itself is designed to reflect the advancements that it will make happen. It comes with ground-breaking features such as RFID tags, CCTV monitoring and automatic toll collection. With these measures, it makes commuting not just convenient but also much safer. 

According to realty experts, the rise in infrastructure in Sohna and areas nearby is expected to create new job opportunities in the area. Naturally, the residential sector here will benefit immensely from the influx of talented individuals who will come to work here. Consequently, the need for other commercial real estates developments, such as offices and retail avenues, will also witness a huge surge in demand.

Final Thoughts

The decreased commute time, along with unparalleled connectivity to prime economic hubs of the country, will open new avenues for real estate development. These benefits will put Sohna at the forefront of advancements in both residential and commercial real estate. Discerning investors will find themselves making the most of this opportunity. The Delhi-Mumbai Expressway truly serves as the gateway to the future of commercial and economic growth. 

Enquire Now

Recent Posts

GST on Real Estate Sector in India: The Impact of GST on Land & Property
06 March 2025|6 Minutes Read

GST on Real Estate Sector in India: The Impact of GST on Land & Property

GST on real estate has significantly impacted the sector since its initiation in 2017, completely transforming India's taxation system. The real estate sector is one of those most affected, making it essential to understand the complexities of GST for properties while buying a house or investing in your dream property. In this post, we’ll talk about the impact of GST on real estate. It focuses mainly on residential and under-construction properties. Several critical concepts, such as GST rates and differences in GST between commercial and residential property, are also in the scope of this blog. Let us get started! What is GST on Real Estate Sector? GST is an indirect tax that is levied on the supply of goods and services. GST is applicable only to the extent of sales and purchases of property, especially as it relates to under-construction property in the real estate sector. It excludes the sales of properties already completed or of land. This difference is essential for buyers and investors because it changes the overall cost of property transactions. GST Rates on Real Estate in India ParticularsGST RateReady-to-Move PropertiesNo GSTUnder Construction Properties (houses bought under credit linked subsidy scheme)8%Under Construction Properties (excluding the other)12%Resale PropertiesNo GSTLand Purchase and SaleNo GSTWorks Contract18%Composite Supply of Works18%Composite Supply of Works to Govt Authority12%Composite Supply of Works for the General Public12%Composite Supply of Works Contract for Affordable Housing12% A Complete Overview of GST on Real Estate Sector The Goods and Services Tax (GST) has made the taxation in the real estate sector comparatively easy to understand. It impacted under-construction properties, affordable housing, and rental income. Understanding its implications is essential for real estate players investing in properties. 1. GST for Under Construction Properties GST for properties has changed the way the tax system works in real estate. There previously existed several more taxes, like VAT, service tax, and stamp duty, which were subsumed under GST, making a single tax with greater clarity but increasing the GST for under construction property in many cases. As per current policies, the GST for property intended for residential use and GST for under construction property is now at 12%, with an effective rate of 1% for affordable housing. The rate includes the costs of land or an undivided share of land, as long as the costs are at least one-third of the total amount charged by the developer. The GST rate remains unchanged whether the property is for commercial or residential use, however, tax implications can vary depending on the purpose of the property. 2. GST on Completed Properties and the Land There is no applicability of GST on completed property or land. GST rate on residential property is also not applicable. You only need to pay registration charges and stamp duty, which may differ from state to state. This exemption decreases the overall tax burden on buyers. Now that you know this, keep it in mind before buying a property; confirm if it's completed or under construction. This will determine whether GST is applicable or not.  3. Impact of GST on Property Prices The market exhibited a mixed reaction once GST settled and became functional. The input tax credit (ITC) provision enables developers to claim credits for taxes paid on construction materials and services. This reduces construction costs. At the same time, it has also increased the initial cash outlay for buyers since GST rates on under-construction properties are also increased. For example, the GST rate on residential property that is under construction would be 12 %, and someone buying an under-construction residential property might feel this claim bite deep into the overall cost. Buying an affordable housing unit is easier; however, the effective GST rate of 1% has made it more accessible for middle-income buyers. 4. Carpet Area vs Built-Up Area: How GST Affects You Carpet area is what you can use inside the walls of a property. However, the built-up area means carpet area plus thickness of walls, spaces like balconies, terraces, etc. The built-up area is usually taken for charging GST. This means that GST is collected on some areas that the buyer would never even get to use. So, whatever the price quoted for a property, always confirm if it is carpet or built-up. This will have a GST effect.   Also Read:- Difference Between Carpet Area and Built-Up Area 5. GST on Residential Property vs GST on Commercial Property The GST on commercial and GST on residential property under construction is the same; however, tax implications will differ based on the intended use. Buyers acquire commercial property to use the property for business purposes, allowing them to claim input tax credit with respect to GST paid thereon. Residential properties, on the other hand, are generally purchased for personal use, making it harder for them to claim such credits.  GST on Real Estate at a Glance Under-Construction Properties Residential Properties: 5% GST (No ITC) Commercial Properties: 12% GST (No ITC) Ready-to-Move-in Properties No GST but stamp duty and registration fees apply. Affordable Housing 1% GST for properties priced ≤ ₹45 lakh (No ITC) For a ₹40 lakh property, GST = ₹40,00,000 × 1% = ₹40,000. Works Contracts 18% GST on construction/renovation services Example: For a ₹7 lakh contract, GST = ₹7,00,000 × 18% = ₹1,26,000 Commercial Leasing 18% GST on rent (if annual rent > ₹20 lakh) Example: Monthly rent of ₹1,50,000, GST = ₹1,50,000 × 18% = ₹27,000 Residential Properties in Gurugram  If you’re looking for affordable residential properties or luxury residential properties in Gurugram, then Ganga Realty is your answer. They believe in the purity of life and living, and this belief lies at the heart of every project, be it Tathastu born with a vision to provide housing for all, or Anantam, the tallest tower in Gurugram, a project redefining the skyline of the Millennial city. They have it all. Have your pick and enter the life of pure living! Conclusion The GST has changed the way properties are bought and sold in India.  GST makes tax management straightforward by eliminating all the dreaded taxes. But one really needs to look into the fine print of GST before venturing into an attempt to acquire any type of property in India, whether it is residential or otherwise commercial, ready-to-occupy or under-construction, including projects by Ganga Realty, one of the best real estate company in Gurgaon. Frequently Asked Questions

Read More
Union Budget 2025-26: A Game Changer for Indian Real Estate
28 February 2025|6 Minutes Read

Union Budget 2025-26: A Game Changer for Indian Real Estate

The Union Budget 2025 has brought about some exciting changes in the real estate industry in India. The real estate sector is an important part of the economy, it creates jobs, boosts infrastructure, and offers great investment opportunities. The budget 2025 focuses on supporting this sector by lowering taxes, new policies on stalled projects, and assisting homebuyers. In this blog, we will see what the Union Budget 2025 means for everyone. How the Union Budget Will Revolutionise Indian Real Estate The Union Budget 2025 has introduced many measures to revolutionise Indian real estate. The new tax policies are all set to boost the middle housing sector by providing significant tax relief, increased infrastructure spending, and affordable housing schemes. The government has also proposed policies for sustainable development to transform the sector. This change will make the sector more accessible and appealing to both buyers and developers. 1. Homebuyer Tax Relief: More Money to Spend One of the most significant budget announcements was income tax changes for the middle class. The new tax policy will leave people with more money in their pockets. It is excellent news for homebuyers, particularly those seeking mid-range or affordable properties. Due to this more people will think about buying a house because of short and long-term capital gains. The demand for housing projects will most likely rise. Sales will increase for developers as first-time purchasers might feel more confident investing in the market. If you’re planning to invest in real estate- luxury apartment in Sector 85, and luxury apartment in Sector 84 are your go-to destination. 2. A Lifeline for Dead Projects: SWAMIH Fund 2 Stuck housing projects have been a big problem. To fix this, the government has included a policy in the union budget for 2025. The government has launched SWAMIH Fund 2 which injects ₹15,000 crore to complete stalled projects. Here’s why it matters: The waiting homebuyers will finally witness progress. Developers who are having trouble making ends meet will receive financial assistance. This move will restore trust in under-construction properties. Additionally, it will free up trapped investments in the sector and improve liquidity. 3.  Higher TDS Threshold on Rental Income: Good News for Landlords The budget has raised the TDS (Tax Deducted at Source) threshold on rental income from ₹2.4 lakh to ₹6 lakh per year. As a result, landlords will receive more money because less tax will be deducted. There will be less paperwork and trouble for property owners, which could encourage more people to invest in rented properties. Landlords may be able to offer better deals, which could benefit tenants as well. Positive effects are likely to occur in high-demand cities like Delhi and Gurugram. Commercial Real Estate: Ready for Growth For commercial real estate, the budget's emphasis on infrastructure and economic expansion is advantageous. When there is more money available, people are more likely to spend. This will benefit retail spaces, shopping malls, and high-street stores resulting in increased demand for office spaces and commercial properties in emerging business districts. Hospitality and Tourism Real Estate: A Promising Sector The tourism and hospitality industries are expected to expand. This is thanks to: The government plans to develop 50 new tourism destinations. Enhanced e-visa services that make it simpler for foreigners to visit India. Support for MUDRA loans, the promoting homestays, along with other small hospitality businesses. This means more opportunities for real estate investments in hotels, resorts, and tourism-related properties. What Should Real Estate Investors Do? Keep affordable housing which is likely to see higher demand. It is a good time for investors looking to put money into residential projects. Commercial spaces in up-and-coming business areas could see a boost. Rental properties might offer better returns due to the higher TDS threshold. Hospitality and tourism real estate could be a winning bet since the government is boosting the tourism sector. Is Real Estate Benefitting from Union Budget 2025? This budget is very helpful for whoever is looking to invest in the real estate sector. The budget talks about key issues, including tax relief and funds for stalled projects. It paves the way for the industry to expand.  Whatever you’re looking for- to buy a home, invest in rental properties, or explore commercial real estate opportunities, this budget makes it a great time to dive into the market. In a nutshell, the real estate industry is about to undergo positive change. This budget could be a game-changer for everyone involved. Role of Ganga Realty in Developing Real Estate Sector of Gurugram Ganga Realty is playing an important role in shaping Gurugram's real estate sector by introducing high-quality residential and commercial projects. Known for its affordable housing as well as luxury living projects, state-of-the-art technology, and sustainable practices, the company has set new benchmarks in the sector. By focusing on customer-centric solutions Ganga Realty has significantly contributed to the city’s development and infrastructure growth. Ganga Realty is all set to be the best real estate developer in Gurugram by all means! Frequently Asked Questions 1. How does the Union Budget 2025 impact affordable housing? The Union Budget 2025 offers tax relief for developers, reduction in GST, and construction materials. The Government's initiave PMAY improves affordable housing by increasing funding. This initiative will make affordable housing more accessible to low and middle-class group. 2. Will there be tax benefits for homebuyers under the Union Budget 2025? Yes, the budget introduces higher deductions on home loan interest rates and additional tax benefits for first-time buyers, encouraging homeownership and reducing the financial burden on buyers. 3. How will the Union Budget 2025 support real estate developers? The budget offers easier access to credit, reduced corporate taxes for affordable housing projects, and easy approval processes, enabling developers to accelerate project completion and reduce costs. 4. Are there any initiatives for urban planning and smart cities? The Union Budget 2025 has something for everybody. This budget has allocated significant funds for smart city projects. This move is to focus on sustainable infrastructure, digital connectivity, and efficient urban planning. 5. How will the Union Budget 2025 impact property prices? Increased infrastructure spending and affordable housing incentives may stabilise property prices in the short term, while long-term demand growth could lead to moderate appreciation in key markets. 6. How will the budget affect commercial real estate? The Income Budget 2025 will provide the commercial real estate sector a boost through incentives for REITs, infrastructure development, and tax benefits for office spaces, boosting demand for retail, office, and industrial properties. The Union Budget 2025 offers tax relief for developers, reduction in GST, and construction materials. The Government's initiave PMAY improves affordable housing by increasing funding. This initiative will make affordable housing more accessible to low and middle-class group.

Read More
--> -->