Bhoomi Simana
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Overview
A 40-story seafront tower near Mahim Bay in Mumbai, offering 2 & 3 bedroom apartments. A rare Indo-Japanese joint venture project, it is due for completion in 2025.
Building/Community Amenities
- Air Conditioning / Central A/C
- BBQ / Grilling Area
- Basketball Court
- Clubhouse / Resident Lounge
- EV Charging Station
- Fitness Center / Gym
- Game Room / Billiards
- Garden / Courtyard
- High-End Finishes (e.g., Marble, Granite)
- Jogging / Biking Trails
- Kitchen Appliances
- Party / Event Room
- Pickleball Court
- Playground / Kids Play Area
- Pool
- Yoga / Pilates Studio
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreigners cannot buy agricultural land, plantation property, or a farmhouse in India. Residential or commercial properties, however, can be purchased if the buyer satisfies certain conditions.
Tax Considerations
Property Taxes
property tax, which varies by location
Transfer Tax
purchasers in India are subject to a stamp duty, typically ranging from 5% to 7% of the property value, and an annual property tax, which varies by location
Inheritance Tax
Capital gains tax applies to profits from property sales, with long-term gains taxed at 20% after indexation benefits
Important Considerations
Restrictions
Required Documents
Financing Options
Financing Options
Mortgage Calculator
Financing in India
India has emerged as a compelling destination for foreign buyers seeking property financing solutions. With its growing real estate market, India offers a variety of mortgage options tailored to the needs of international investors. Typically, foreign buyers can expect loan-to-value (LTV) ratios ranging from 70% to 80%, depending on the lender and property type. The country's appeal lies in its robust economic growth, diverse property offerings, and favorable interest rates, making it an attractive market for mortgage financing. Understanding the nuances of property financing in India can provide significant benefits for foreign investors looking to capitalize on this vibrant market.
Requirements for Foreign Buyers
- 1Valid passport and visa documentation
- 2Proof of income (salary slips or income tax returns)
- 3Bank statements for the past six months
- 4Employment verification letter or business registration certificate
- 5Credit report from a recognized credit agency
- 6Property documentation (title deed, sale agreement)
- 7Legal compliance certificate
