The Maharashtra government, in collaboration with leading developers like Kalpataru Group, has launched a first-time homebuyer program to make luxury living in South Mumbai more accessible. If you’re a first-time buyer in India, this is your chance to own a prestigious home in Kalpataru One, Worli—one of Mumbai’s most exclusive addresses.
🌟 Who Is Eligible?
Indian citizens (residents or NRIs) above 21 years
First-time property buyers (no prior ownership in Mumbai)
Income criteria: Minimum ₹25 lakh annual income (for loan eligibility)
Budget: Homes priced ₹5 crore and above (luxury segment)
🏘️ Why Invest in Kalpataru One as a First-Time Buyer?
Stable Market Entry
Mumbai’s luxury real estate is appreciating at 9.5% CAGR (Knight Frank 2024), making it a secure investment.
Worli’s limited sea-view inventory ensures long-term value.
Government-Backed Incentives
Stamp Duty Discount: 1% reduction for first-time buyers (vs. standard 5–6%).
Home Loan Subsidies: SBI/HDFC offer 0.25% lower interest rates under Maharashtra’s affordable luxury scheme.
Kalpataru’s First-Time Buyer Perks
Flexible Payment Plans: 10% booking, 75% construction-linked, 15% on possession.
Free Registration Support: Legal documentation assistance.
Interior Customization: Discounts on premium finishes (Molteni kitchens, Italian marble).
🎁 Exclusive Benefits for First-Time Buyers
| Benefit | Details |
|---|---|
| Preferential Pricing | 5% discount on base price (limited-period offer) |
| Banking Perks | Faster loan approvals + 90% LTV (vs. 80% standard) |
| Zero GST on Resale | No capital gains tax if held for 5+ years (Section 54F) |
| Rental Assurance | 4.5% assured yield for 2 years (optional) |
🛠️ Who Is Behind This Initiative?
Maharashtra Housing Authority (MHA)
MahaRERA (Ensures project transparency)
Leading Banks: SBI, HDFC, ICICI (special home loan schemes)
Developers: Kalpataru Group (trusted for 55+ years)
🧭 How to Apply?
Check Eligibility
Submit PAN, Aadhaar, and income proof.
Get Pre-Approved
Receive a DLP (Developer Linked Plan) certificate for Kalpataru One.
Avail Benefits
Use your DLP code to unlock:
Discounted pricing
Faster loan processing
Free legal verification
Book Your Home
Reserve a 4BHK/5BHK with just 10% payment.
🔍 Final Thoughts
This isn’t just about buying a home—it’s about securing a legacy asset in Mumbai’s most elite neighborhood. With government subsidies, developer incentives, and bank support, first-time buyers can now enter the luxury market with confidence.
Limited Units Available!
📞 Contact Kalpataru Sales: +917008939537
“From renting to owning a sea-view masterpiece—Kalpataru One makes the leap seamless.”
– Times Property, Mumbai Edition
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