Month: June 2025

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MHADA vs PMAY vs CIDCO: Which Government Housing Scheme Is Right for You?

MHADA vs PMAY vs CIDCO: Which Government Housing Scheme Is Right for You?

Homeownership Doesn’t Have to Be a Distant Dream If you’re dreaming of owning a home but worried about skyrocketing property prices, you’re not alone. Thankfully, India has several government-backed housing schemes aimed at making homeownership more accessible and affordable especially for low- and middle-income families. Among the most well-known are MHADA, PMAY, and CIDCO. But which one is right for you?

This blog breaks it down clearly, so you can choose the best fit for your housing goals.

What Are Government Housing Schemes in India?

The Indian government has launched several housing initiatives over the years to bridge the housing gap, especially in urban and rural low-income segments. These schemes provide benefits like:

  • Affordable housing loan subsidy
  • Interest subsidy for home loans
  • Housing lottery systems
  • Infrastructure support in planned townships

Among the key players are Pradhan Mantri Awas Yojana (PMAY), MHADA (Maharashtra Housing and Area Development Authority), and CIDCO (City and Industrial Development Corporation). Each scheme targets a slightly different demographic and operates under distinct guidelines.

Understanding the Three Schemes

  1. PMAY (Pradhan Mantri Awas Yojana)

    2. Focus: Nationwide affordable housing for urban and rural poor

    Key Features:
    • Offers interest subsidy on home loans through CLSS (Credit-Linked Subsidy Scheme)
    • Targets EWS (Economically Weaker Section), LIG, MIG-I, and MIG-II categories
    • Covers both urban and rural housing needs
    • Promotes “Housing for All by 2022” initiative
    Pradhan Mantri Awas Yojana benefits:
    • Subsidy of up to ₹2.67 lakh on interest
    • Women ownership or co-ownership encouraged
    • Preference for differently abled and senior citizens

     

  2. MHADA (Maharashtra Housing and Area Development Authority)

    3. Focus: State-level affordable housing in Maharashtra

    Key Features:
    • Conducts MHADA housing lottery for allocating homes
    • Offers homes in various income segments (EWS, LIG, MIG, HIG)
    • Prime locations in Mumbai, Pune, Nashik, and other cities
    • Units priced lower than market value
    MHADA housing lottery 2025 (Upcoming):
    • Transparent application and allotment process
    • Ideal for salaried professionals and families looking for affordable homes in cities

     

  3. CIDCO (City and Industrial Development Corporation)

    4. Focus: Urban development in Navi Mumbai and satellite cities

    Key Features:
    • Offers planned township projects
    • Targets EWS and LIG segments
    • Affordable housing units via lottery-based system
    • Strong connectivity and public infrastructure

    CIDCO has gained traction for building sustainable urban clusters like Navi Mumbai Airport Influence Notified Area (NAINA).

     

Side-by-Side Comparison

Feature MHADA PMAY CIDCO
Target Group EWS to HIG EWS, LIG, MIG EWS, LIG
Type State-run housing Central subsidy on loans State-run housing
Location Focus Maharashtra (urban areas) All India (urban + rural) Navi Mumbai
Home Loan Support Through MHADA tie-ups Up to ₹2.67L subsidy Buyer must arrange
Allocation Lottery system Not applicable Lottery system
Ownership Restriction Limited resale No resale lock-in Limited resale

 

Choosing the Right Scheme for You

Not all affordable housing schemes are one-size-fits-all. Here’s how to decide:

  • Choose PMAY if you’re looking for loan subsidy and plan to buy independently or construct a home anywhere in India.
  • Choose MHADA if you’re based in Maharashtra and want access to lottery-based apartments in urban areas.
  • Choose CIDCO if you are looking for a home in a planned satellite city like Navi Mumbai and want a balance of infrastructure and affordability.

Also consider:

  • Your income category (EWS, LIG, MIG, etc.)
  • Loan eligibility and property location
  • Timeline and possession flexibility

 

How BeyondWalls Can Help

With so many housing schemes and eligibility rules, the homebuying process can feel overwhelming. That’s where BeyondWalls steps in. As a tech-driven integrated platform for developers and homebuyers, BeyondWalls simplifies the homebuying journey through:

  • Curated property listings with government scheme tie-ups
  • On-ground experts to guide you through PMAY or MHADA processes
  • AI-powered tools that match you with the right home and scheme
  • A transparent, step-by-step process from inquiry to possession

With a presence across 40+ cities and a partner network of leading developers, BeyondWalls makes buying your dream home simpler, smarter, and more secure whether you’re applying for a subsidy or participating in a lottery.

Conclusion: Your Home, Backed by the Right Scheme

Each government housing scheme in India PMAY, MHADA, or CIDCO serves a specific purpose. Understanding their differences is key to making the most of these initiatives. Whether it’s a loan subsidy, a lottery-based allotment, or a township home with solid infrastructure, there’s something for everyone.

When you’re ready to make the leap, a little guidance can go a long way. With a platform like BeyondWalls, you’re not just choosing a home; you’re choosing peace of mind.



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Deemed Rent No More: Budget 2025 Eases Burden on Multiple Property Owners

Deemed Rent No More: Budget 2025 Eases Burden on Multiple Property Owners

For years, owning more than one residential property in India came with an invisible cost, deemed rent. Even if your second (or third) home lay unoccupied, you were taxed as if you were earning notional rent from it. This outdated rule placed a burden on genuine homeowners and investors alike. But Budget 2025 changes everything.

The finance minister has officially scrapped the Deemed Rent provision, making it easier for individuals and NRIs to invest in multiple homes without being unfairly penalized. Whether you’re buying a second home for your family or as an investment, the removal of deemed rent paves the way for smarter, tax-friendly ownership.

Let’s break down what this means for you.

What Was Deemed Rent?

Under earlier tax provisions, if you owned more than two houses, the additional properties were treated as ‘let out’ whether you actually rented them out or not. The government would calculate notional rental income, and you had to pay tax on that imaginary income.

This rule particularly affected:

  • People with inherited family homes
  • Investors holding multiple properties for capital appreciation
  • NRIs who maintain homes in India for occasional use

Even if your second or third property stood empty, the taxman assumed you were earning from it and charged you accordingly.

What Has Changed in Budget 2025?

The Game-Changer:

The Finance Bill 2025 abolishes the Deemed Rent rule altogether. Now, no notional rent will be levied on any unoccupied residential property, no matter how many you own.

This move aligns with global tax norms and acknowledges the changing nature of property ownership in modern India.

Key Details:

  • The change applies to all residential properties, regardless of location.
  • You will only pay tax on actual rental income, not assumed earnings.
  • This reform benefits both resident Indians and NRIs.

Why Was the Deemed Rent Rule Problematic?

Before Budget 2025, the rule created confusion and discouraged investment in real estate. Here’s why:

  • Penalized Ownership: Even if you didn’t earn a rupee from the property, you had to pay tax.
  • Inheritance Headache: Families who inherited ancestral homes ended up facing unexpected tax bills.
  • Discouraged Investment: It disincentivized real estate as a long-term investment strategy.
  • Compliance Burden: Calculating notional income and filing tax returns became unnecessarily complicated.

In short, the provision punished ownership rather than rewarding it.

Who Benefits the Most?

The repeal of deemed rent affects a wide spectrum of property owners, particularly those who hold multiple homes for genuine reasons, not just speculation.

This is great news for:

  • Middle-class families who own a second flat in another city
  • NRIs who keep a property in India for future relocation or family use
  • Property investors looking to diversify across cities
  • Children of homeowners who inherit more than one property

It’s a move that finally acknowledges ownership doesn’t always equal income.

Tax Implications: Before vs. After

To understand the benefit, let’s compare the tax structure before and after the rule change.

Scenario Before Budget 2025 After Budget 2025
Ownership of 3 houses Only 2 considered self-occupied; 3rd taxed on notional rent All 3 can be treated as self-occupied if not rented
Income declared Notional rent added to income Only actual rent is taxed
Tax paid Based on assumed income Based on real income only

Strategic Tips for Second Home Buyers

With this tax barrier removed, buying a second or third home becomes more appealing but only if done strategically. Here’s how to make the most of the new landscape:

1. Choose Your Location Wisely

  • Pick a city or suburb with long-term capital appreciation.
  • Prioritize areas with upcoming infrastructure, transit, or IT hubs.

2. Plan for Occasional Use

  • Consider using your second home as a vacation rental or hybrid stay.
  • Use periods of vacancy to renovate or upgrade without tax worries.

3. Don’t Rush to Rent

  • With no pressure to generate rental income, wait for the right tenant and market conditions.

4. Consult a Tax Planner

  • While deemed rent is gone, capital gains and other property taxes still apply.
  • Professional advice ensures full compliance and better returns.

What This Means for the Market

This reform could trigger a new wave of investment in real estate, especially in Tier 2 and Tier 3 cities where affordability meets aspiration.

Key Impacts:

  • Rise in second-home buyers from metro cities
  • Boost in real estate demand from NRIs and long-term investors
  • Surge in lifestyle-driven purchases (hill homes, coastal homes, retirement retreats)
  • Improved property retention among inheritors who no longer feel forced to sell

For developers, this means renewed interest in plotted developments, weekend homes, and peripheral urban zones.

How BeyondWalls Helps You Navigate This Change

At BeyondWalls, we understand that real estate decisions, especially second-home investments, come with emotional and financial weight. With the removal of deemed rent, there’s a clear runway for smart buyers to diversify, upgrade, or consolidate their real estate portfolio.

Here’s how we support you:

  • Expert guidance on investment-worthy properties
  • Verified legal support to ensure clear titles and ownership
  • Tax and finance partners to help you navigate implications of the new law
  • Pan-India inventory so you can own across locations without extra tax stress

Final Thoughts

The removal of deemed rent is more than just a tax update it’s a mindset shift in Indian real estate. It acknowledges that not every property is a source of income and gives buyers the freedom to own without fear of penalty.

If you’re planning to invest in your second home, this is the right time to do it with lower tax stress and higher financial clarity.

And with BeyondWalls by your side, you’ll make smarter, better-informed property decisions always.



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Top 5 Co-Living Communities in Pune and Mumbai: A 2025 Guide

Top 5 Co-Living Communities in Pune and Mumbai: A 2025 Guide

Imagine a life where your rent not only covers your living space but also includes friends, fitness, food, and, most importantly, zero hassle. This is the future of urban living in Pune and Mumbai in 2025. Co-living is not just a budget-friendly option; it’s a lifestyle choice. With its tech-enabled, community-driven, and incredibly flexible nature, co-living in India is redefining how students, professionals, and digital nomads live, work, and connect. It’s convenient without compromise and community without complexity.

In this blog, we explore the top co-living communities across Pune and Mumbai and highlight why this trend is becoming the go-to choice for modern urban residents in 2025.

Why Co-Living Is Booming in Pune and Mumbai

The rising popularity of co-living is not just a trend; it’s a response to real urban challenges. From rising rents to the need for community and convenience, co-living offers a powerful solution. It’s not just about a place to stay but about building a community and fostering connections.

Here’s why co-living is seeing explosive growth in 2025:

  • Skyrocketing rental prices in top metros
  • Massive influx of students and young professionals
  • Remote work trends and mobile-first lifestyles
  • Growing demand for flexible, no-hassle living

In response, co-living communities in 2025 will offer smart, inclusive housing, fully furnished, service-rich, and flexible. Think: rent, utilities, maintenance, and even events all covered in one fee.

Top 5 Co-Living Spaces in Pune and Mumbai

If you’re considering co-living, these are the most dynamic names in the space, combining design, community, and technology for a seamless experience.

  1. Zolo Stays – Viman Nagar, Pune
    A leader in tech-powered co-living, Zolo brings app-based access, 24/7 customer support, regular housekeeping, and meals to one of Pune’s most vibrant neighbourhoods, ideal for IT professionals and students.
  2. Stanza Living – Hinjewadi, Pune
    More than a place to stay, Stanza builds communities. With biometric access, curated events, and dedicated support staff, Stanza in Hinjewadi blends safety and social living perfectly for students and young professionals.
  3. Colive – Powai, Mumbai
    Colive shines in Powai co-living for working millennials. Offering affordable studios and shared apartments near startups and corporates, it’s urban living without urban chaos.
  4. Your Space – Andheri East, Mumbai
    Focused on student-first comfort, Your-Space delivers safe, wellness-oriented homes with hygienic meals, mental wellness programs, and study-friendly environments as a top pick for learners in the Andheri East.
  5. Settl – Kharadi, Pune
    Settl offers minimalist, well-connected spaces built for remote work living. With smart home tech, coworking zones, and app-controlled services, it’s a digital nomad dream in Pune’s bustling Kharadi.

Where to Look: Emerging Co-Living Hubs

When it comes to co-living, location shapes the entire experience. Residents want walk-to-work ease, social scenes, and top-tier connectivity. That’s why a few neighbourhoods have become magnets for the co-living crowd.

Pune hotspots: Hinjewadi, Kothrud, Kharadi, and Viman Nagar are thriving. Hinjewadi blends IT parks with nightlife. Kothrud combines old Pune charm with modern connectivity, offering great access to education hubs and business districts. Kharadi is upscale and rapidly expanding. Viman Nagar offers a cosmopolitan flair, with proximity to the airport. All four-offer convenience, walk-to-work ease, and buzzing social scenes.

In Mumbai: Powai boasts lakeside views and proximity to technology. Andheri is a fast-paced, centrally located hub. Navi Mumbai appeals with spacious layouts and affordability, each neighbourhood offering its flavour of co-living.

Beyond Just a Room: Lifestyle Upgrades

Forget basic PGs or cramped rentals. Co-living in 2025 delivers a complete lifestyle upgrade. From daily comforts to luxury amenities, these spaces are designed to support residents in every aspect of their lives.

Here’s what you can expect:

  • Fully furnished private rooms and common areas
  • High-speed Wi-Fi and 24/7 smart security
  • Daily housekeeping and hygienic meals
  • Shared kitchens, lounges, and chill zones
  • On-site coworking spaces and gyms
  • Curated events to build community

It’s plug-and-play living that helps residents feel settled fast.

Why Flexible Living Wins

Life isn’t static anymore, why should your housing be?
Whether you’re a student, a freelancer, or relocating for a job, you want living options that move at your pace. Co-living delivers.

Here’s how flexible leases redefine convenience:

  • Students on short-term courses
  • Freelancers and remote workers
  • Professionals relocating for work

Forget deposits, brokers, or buying furniture. Flexible lease rentals make co-living seamless. With flexible leases, residents can stay for short or long periods, depending on their needs. Pay one fee and enjoy all services. Co-living in India is built for modern mobility.

Sustainable, Smart, and Social

Today’s urban residents want to live responsibly, and co-living communities are rising to the occasion. By integrating innovative design and green thinking, they reduce impact without sacrificing comfort.

Here’s how they’re making a difference:

  • Solar-powered lighting and energy-efficient appliances
  • Innovative waste management and recycling setups
  • Low-impact construction and water-saving fixtures

More than eco-consciousness, it’s about connection. From game nights and yoga mornings to book clubs, these homes foster human connections crucial in fast-paced urban life.

Co-Living: A Smart Investment in 2025

For investors, co-living offers a compelling proposition of high demand, low vacancy, and managed operations. It’s more than a trend; it’s a new asset class. Co-living delivers where traditional rentals don’t-community, scale, and stability. It’s a wise investment in 2025.

Why savvy investors are eyeing co-living:

  • Consistently high demand among students and professionals
  • Fully managed properties reduce operational headaches
  • Lower entry points than conventional real estate
  • Reliable, recurring rental income

Co-living delivers where traditional rentals often fall short of community, scale, and stability.

Conclusion: The Future of Urban Living

In 2025, co-living in Pune and Mumbai isn’t just an alternative. It’s the new normal for mobile, mindful, and connected living. Whether you’re searching for your next move or your next investment, co-living offers unmatched ease, efficiency, and energy. Explore curated co-living options at BeyondWalls today.

Get Started with BeyondWalls

Looking to find the best co-living spaces or market your own? BeyondWalls connects tenants, developers, and investors with India’s leading co-living communities. From curated listings to AI-powered matchmaking, we simplify real estate at every step. Let BeyondWalls be your guide to smarter, hassle-free living.



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Punawale Unlocked: What Every Homebuyer Must Know in 2025

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The Most Comprehensive Guide to Punawale Real Estate (2025)

Punawale is no longer just the next big location — it is already Pune’s most active residential micro-market. With direct connectivity to NH4, proximity to Hinjawadi, and a wave of launches across the 70L–1.2 Cr range, buyers are now spoilt for choice.

But with choice comes confusion. Which builder offers actual value? Which layout makes more sense in real life? And more importantly — how much does a delayed possession cost you?

BeyondWalls presents the most comprehensive homebuyer report on Punawale, built to answer these questions with facts, not flyers. This blog gives you a preview. The full report, available for download below, helps buyers save big — not just on the price, but on future rent, EMIs, and wrong decisions.

The Hidden Costs Most Homebuyers Ignore

Price per sq.ft. is only part of the picture. What most homebuyers don’t realize is how fast a seemingly affordable ₹70L 2 BHK can cross ₹1 Cr — simply due to delayed possession and overlooked layout inefficiencies.

What drives up real cost?

  • Possession Timelines: A delay of 2–3 years can lead to ₹10–₹25L extra in rent and pre-EMI
  • Layout Waste: A poor 2 BHK layout can make 800 sq.ft. feel like 650 sq.ft.
  • Developer Delivery History: Legal, structural or pace issues affect your financial exposure
  • Unusable Amenities: Large amenity decks may look attractive but offer little actual value

Example: A Developer offers a premium 2 BHK with lots of amenities on offer at ~₹73L. But with possession in 2031, your rent and pre-EMI burden can exceed ₹30L — taking your real cost above ₹1 Cr. Without factoring this in, your cost planning is incomplete.

Data That Drives Smarter Buying Decisions

BeyondWalls analyzed 11 active projects in Punawale across the following parameters:

  • Layout Efficiency
  • Possession Timeline
  • Total Ownership Cost (incl. rent + pre-EMIs)
  • Brand Legacy & Construction Record
  • Amenities & Liveability
  • Accessibility to NH4 & Hinjawadi

Highlights from the Analysis:

  • Lowest Ownership Cost (2 BHK): 4th Axis at ₹82.2L — driven by early possession
  • Best Balanced Project: West World & Millennium Samriddhi– excellent layout, brand, access, and mid-term handover
  • Highest Hidden Cost: 108 Astera and PuneVille – 5–6 year handover delays drive up ownership costs.
  • Under-Rated Value Picks: Legacy Milestone & Akshara Grandeur – efficient layouts, mid-tier prices, strong timelines

In several cases, a project with a base price of ₹70–₹75L eventually results in a real outflow of ₹1–₹1.25 Cr, when rent and pre-EMIs are accounted for. This report helps you catch that before you commit.

Choose the Right Home, Not Just the Right Price

Every Punawale project comes with its own strengths and risks. Based on our research:

Buyer Type Best-Matched Projects
Budget Buyer Legacy Milestone, 4th Axis, Akshara Grandeur
End-Use Family West World, PuneVille, LR Qrious
Green Living Seekers & Lifestyle Focus 108 Astera, Akshara Grandeur
Fast Possession Focused West World, Basil Maximus
Long-Term Investors Code Irise, Millennium Samriddhi

The real estate market is complex — but your decision doesn’t have to be. BeyondWalls simplifies it with clear, data-driven comparisons and verified insights. Whether you’re buying to live or invest, this report helps you avoid costly mistakes.

Get the Full Report

This blog is only the surface. The full 8-page Punawale Buyer Guide includes:

  • True cost comparison tables (ownership-adjusted)
  • Layout and liveability ratings
  • Developer delivery scores
  • Possession timelines and risk mapping
  • Shortlists by buyer type and budget

 

Download the full PDF guide — free and without registration.

Make a data-driven decision. Save lakhs. Own smarter.