5 important facts on home loan tax benefits in India

Buying a home is one of the major decisions of one's life and almost everybody who takes a home loan has to go to a bank or financial institution to get his home financed. The money involved in a home loan is often a very big sum. Government of India has given some tax benefits on home loan in India to decrease the burden of buying a home in India. Here are 5 important facts about these tax benefits.

Both interest and principal components of home loan attract tax benefits. Persons who have taken a loan to buy a home or for construction can claim these deductions under the section 24(b) of the Income Tax Act.

The deduction on interest component on home loan is available up to Rs. 1.5 lakhs if the loan was taken on or after April 1, 1999 to buy or build a property. The purchase or construction should be completed within three years from the end of the financial year in which the loan was taken. In addition to it a certification from the lending banks is needed to certify that interest is payable against the loan advanced to buy or construct a house.

These deductions are only available if you continue to make payments. If a borrower fails to make EMI payments on time, he cannot claim tax benefits on the amount supposed to have been paid.

If a person buys a house and sells it within the same year or before three years, he is liable to pay short term capital gains tax. But, if the sale had taken place after three years, he is liable to pay long term capital gains tax. Long-term capital gains are exempt from tax if the profit amounts are invested in capital gains tax-saving bonds as detailed under Section 54.

Only a person who has taken a home loan can claim tax deductions. If there are co-borrowers of the home loan, the deduction they can claim is limited to the extent to the part of the loan they repay.

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Krasa Centrade Business Park

International is an organization that always aspires to satisfy the need of people. The company, through its recently launched commercial project - Centrade Business Park, has enlivened the dream of world class working in Delhi-NCR region. Modern age business organizations have been targeted through this new age business center. From the architectural design to the specification of the project, everything shows that the developers have tried to fulfill the demand of current age business companies. Pleasant surroundings and easy accessibility from major places are the most important things that today's organizations consider while finalizing a place for their business. Hence, expert team of Krasa International has selected most exotic location of Greater Noida i.e. Sector 140. This place is surrounded by natural beauty and has well established residential colonies and commercial places in its close proximity. Moreover, major destinations of Delhi-NCR are also easily accessible from here as major road transits, Greater Noida Expressway and Faridabad - Noida - Ghaziabad (FNG) Expressway, are located in its close vicinity.

This kind of connectivity ensures that people will get hassle free commuting experience. A different kind of work culture will be offered to the people at Centrade Business Park Sector 140 Noida. Earlier, the business organizations were unable to communicate with their business counterpart and clientele based in foreign countries or any other part of the world. But, they can now be able to do this as Centrade Business Park will offer excellent communication services through high speed data transfer, audio-visual aid, Wi-Fi connectivity. Entire building of this business center will also be equipped with excellent features that suits to modern age business. As far architectural style and structure of the building is concerned, the developers have done a great job. The design of building is inspired from Global Corporate Architectural Culture and throws a picturesque view that grabs the attention of every onlooker.

In addition, the entire building is equipped with eco-friendly features that ensure high level of energy conservation and utilization of natural resources. A Metro station is also proposed to develop about 500 meter distance from this business center. Hence, it is certain that Krasa Centrade Business Park will be connected with every kind of transportation. Luxurious retail and offices spaces will be developed here on the land area that ranges from 200 sq ft and 750 sq ft. Furthermore, the developers have decided to adorn each business space with excellent interiors so that people could get a feel of utmost comfort while working. Last but not the least, the entire compound of Centrade Business Park will be equipped with top class facilities that include 3 tier security system, hi-tech gymnasium, 24X7 power backup & water supply, covered & open parking area, high speed elevator service, multipurpose hall etc.

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The Downfall Of The Rupee Is An Opportunity For Nri To Invest In India

NRI Invest in India:

NRI investing in India due to the fact that India has huge potential growth. They invest because of necessity or because they want to provide a source of monthly income to their parents living in their native country. Non-resident persons wants to earn some quick money through investing in Indian real estate by seeing the leap in prices of Indian realty. There are 20 million NRIs across the globe and their contribution to the country's economy is stacked at a sizeable figure of $30 billion per year. To attract NRIs to make Indian venture, the government has opened all doors with its pro-NRI policies. Visit Spcl project for Nri is Sikka kimantra greens

NRI Investing in India:

There are several reasons why NRI invest in India. Cheap resources and strong operational unit have always kept our country in front in matters of NRI investment. These non-resident Indians also empower in Indian share market under the Portfolio Investor Scheme which is governed and regulated by the RBI. The sectors in which these non-resident persons invest comprises of agriculture, retail, FMCG, real estate, insurance, mining, power, industrial explosives, hazardous chemicals, aviation, shipping, etc.

NRI Investment in India:

A Non-resident person who has been away from native country for too long makes him emotionally attach to home country and when he sees better opportunities here, he tends to endow in the same. The change in government policies, availability of cheap resources, exemption from tax, etc. are the important reasons for increasing NRI investment in native country. The RBI has also given permission to investors for investing in mutual funds, bonds and government securities. They get a good return out of it which pushes them to invest in the capital market in the market.

NRI Property Investment in India:

Rupee's sharp fall against the US dollars has made temptations among the non-resident Indians to buy property in native place. A royal manor in our native country has risen to be a few thousand dollars affordable and also the customs and ordinances have become more translucent and effortless which makes non-residents to put on the market. At this time, any Non-resident Indian buying a property in native country can save up to 20-30% of his/her property value. NRI property Investment in India has risen by 20-25% of these non-residents especially from the Middle East, Europe, the US and Singapore following the rupee depreciation. Property markets that see maximum investment are those in Punjab, Delhi, Haryana, Ghaziabad and Noida.

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Studio Apartment In Indirapuram

Victory Group is one of the leading real estate developers and has launched residential projects like Victory Habitat Centre. Victory Habitat Centre Indirapuram is attached with modern facilities. Victory Habitat Centre is an affordable project starting just from 44 Lac.

Victory Group brings you completely developed Victory Habitat Centre Studio Apartment at Indirapuram Ghaziabad. This area is approved by Ghaziabad Development Authority GDA). Victory Habitat Centre Indirapuram is emotionally involved with modern amenities. Here you don’t have to worry about whatever thing. Just go and grab it. An event like this comes with years. And it might come over. This is your opportunity to own price of land in the consideration of Ghaziabad. Apprehensive about you and your family reservation? Well, you don’t have to worry anymore. 24 hours hi-end security and gated enlargement gives you total equanimity.

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Victory Infratech Group is one of the primary real estate developers and has launched residential projects like Victory City, Victory Ace and Victory Habitat Centre Studio Apartment - is a pleasant project developed by Victory  group? It is devoted with modern accommodations. Victory Habitat Center Indirapuram residential project has all types of up-to-date facilities which are required for living a comfortable life. It has 24 hours full proof safety with the advanced high security method. The whole projects has 80% open Area, High tech security, Swimming Pool, Ultra modern Club, Play Area Gardens and Parks and all apartments are High rise facilities and amenities.

Victory Habitat Centre Ghaziabad – Features

For the first time ever, fully established plots are available in an up-to-date group housing society.

With all amenities and comforts attached.

24 hours hi-end security and gated growth give you whole peace of mind

Studio Apartment Ghaziabad -Location Advantage

Victory Habitat Centre is located at Indirapuram Ghaziabad. Its easy use of considerate of schools and markets makes it one of the most popular locations of the NCR

Reasons to go for Studio Apartment Indirapuram?

Ample parking space, swimming pool, club, health facilities, kids zone, in-house shopping complex and lot more available at nearness.

Profitable return of your investment.

Located in a prime location in Ghaziabad.

About Developer

Where achievement starts with the immense project Victory Group has set up itself as a world-class real-estate company. The group resolutely believes in enhanced tomorrow by providing people with improved lifestyle and living standards, at affordable prices. It provides its valued clientele with the finest designs, aesthetics and ethics that match worldwide standards. It reflects in providing its customers more than what they expect.

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Noida Extension Projects - Fastest Emerging Residential of North India

If you are seeking for a property at East Delhi localities these kinds of as Preet Vihar and IP Extension, a fifteen minute generate can conserve at minimum Rs 1 cr for you! How?

Kaushambi, which is located 4-5 km from these household destinations, offers an 850-sq-ft apartment in a multi-storey developing at Rs 45 lakh whereas the very same-size condominium will expense not much less than Rs 1.two-1.5 crore in Preet Vihar or IP Extension. Kaushambi falls beneath Ghaziabad, which is an integral portion of the National Money Region (NCR).

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These are primarily the resale qualities in Kaushambi which are offered to a consumer. The resale marketplace in Kaushambi is quite energetic. There are several multi-storey apartment properties constructed by the Ghaziabad Improvement Authority (GDA) in this region and a single can very easily get an apartment in the cost selection of Rs 38-fifty lakh, dependent on the dimensions, states Dinesh Suri, Shri Sanwaliaji Residence Spot Pvt. Ltd.

In the earlier number of many years, numerous GDA properties in this spot have been refurbished and taken care of by non-public organisations. This way, these properties have got a facelift in conditions of tiling at elevate lobbies, lights, effectively-preserved parks, and many others.

As per Indian Real Estate study, six out of every 10 apartments in Kaushambi are 2BHK flats. The relaxation will come as 1BHK and 3BHK flats. One can also expect 350-sq-ft flats at Rs 15-sixteen lakh. The availability could be minimal but the option is there, claims Avinash Kumar of Arora Properties.

As considerably as connectivity is anxious, Kaushambi has its very own Metro Station, which falls in a radius of 2-4 km from the household hubs. This signifies, you can easily entry most of the major areas within New Delhi, Gurgaon and Noida by means of Metro Rail network.

But what about other implies of general public transportation? Kaushambi does not disappoint you on this entrance in any case. The Anand Vihar Inter-State Bus Terminal (ISBT) is three-four km from this locality. The Anand Vihar Railway Terminal provides you access to the railway network and hence place-wide connectivity. Both manual and car rickshaws are very easily available. Gaur smart homes

Once you occur on to Countrywide Highway (NH) 24, which is 1-3 km from the locality, you can simply travel by way of New Delhi, Noida and Ghaziabad alone.

The point out of civic facilities and amenities is also very good. There is no concern connected with electric power, h2o source and drainage program.

More than 6 buying malls including Pacific Shopping mall, Ansal Plaza, East Delhi Shopping mall and Shopprix Mall tumble inside of the radius of one-5 km from this locality. For more info visit Common Keys.

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Property Investment - Be Careful About the Various Frauds in Property Investments.

Property is the way to increase your prestige as well as your wealth and that is the big reason that in India everybody is keen to invest in property but it is not that everybody makes profit in property investment. There are some people who burn their hands by ignoring some important things and issues. Following are some big mistakes and their solutions that you must follow.

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1) Lack of Motive - There should be a motive behind the buying of any property. Are you buying a particular property for your own dwelling purpose or just for investment? It should be clear in your mind as there is difference in both. For investment you can buy property anywhere but this is not the case for staying purpose. For making money you can take interest in commercial property also. There is lot of return in it but it should be done carefully. If your motive is clear then you would surly get returns or profit otherwise your investment would be of no avail. For example many people invested their hard earned money in purchasing the shops in malls in Delhi presuming to get good returns but they did not get any good profit out of them.

2) Selection of right place - This is the matter where people are deceived. Consider wisely about where you have to purchase property and what your budget is. Save from purchasing many properties at a place. Think about different portfolios like you do in share marketing. The place should be according your requirements so if you want to stay there you should know about the types of people living there, what facilities are there etc. Or if still you are purchasing for investment purpose then consider about the rate of appreciation per year at that place. For this get the details about geography, history and possible plans in futures at that place.

3) Unchecking of title of property - You should know everything about the property you purchase like who has the possession or title of that property. Check properly all the papers of property and ensure no court case is filed against that property. If you feel any confusion then take experts advice. Your money is safe in the presence of legal papers as many of fraud cases regarding land and property are in the lack of right property papers.

4) No information about Govt. authorization - If you are going to purchase a flat then it is very necessary to know whether the builder has right to start the construction or not. For this you should get information from DDA, GDA, Awas board and if you don't get any satisfactory answer then take the help of RTI. Govt authorization is of many types like starting of construction, passing of property map, payment of property, completion certificate of property etc.

5) Loan on property - Get the information if any loan has been taken on property. If it is then you will be liable for paying that loan.

6) Information about the seller - get all the information about the person you are purchasing property from. Purchasing property or flat from well-known builders makes less chances of fraud.

7) Lucrative and fraud advertisements - People are easily taken in lucrative advertisement of properties. In these advertisements there are lots of things which in reality don't exist there. So be careful against these advertisements.

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Boom Time in Ghaziabad: What Makes Ghaziabad Properties a Wise Investment?

Ghaziabad has become a more promising destination after GDA and UP Awas Vikas, the municipal authorities and private developers are making a concerted effort to improve the social and physical infrastructure of the city. That's the reason why property prices have appreciated in this city.

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Ghaziabad real estate is developing close to the two national highways, NH-24 and NH-58. These two highways have changes the fortunes of the small town Ghaziabad into a city of boom. Today talking of Properties in Ghaziabad, the only image that comes to mind is of the construction sites of massive residential and commercial projects near these highways.

Good groundwork and connectivity to Delhi and other cities like Meerut, Noida, are two main reasons for this spurt in Ghaziabad Property Prices. All these today make Ghaziabad one of the fastest growing cities in India.

Another reason for the property going bullish in Ghaziabad is the availability of economical options as compared to Noida and Gurgaon's prices. Developers like Mahagun have launched various projects in this area. Mahagun Mascot is one noteworthy project ensconced among the lush greens of Crossing Republic- India's first global city spread across more than 360 acres- and flanked with iconic towers. It also offers a unique opportunity to enjoy the peace and tranquillity of the surroundings, coupled with the pleasure of living in a world class environs at a distance only of 19 kms from the Delhi border.

Property rates have also been rising rapidly in the last six months as the new Metro line became functional in the area. Properties in Ghaziabad market has strong demand-supply equilibrium and attracts investors and buyers alike. The residential property market also has a good luxury apartment supply by big national level developers. Best Property in Ghaziabad is still affordable and already has a sizeable population living in Vaishali and Indirapuram. The reason is facing some land acquisition issues lately. But the authorities have taken it up on a priority basis. Earlier, the GDA has given approval to fund one-third of the Metro project till Loin.

The Vaishali Metro line is already operational. More so, bus and auto services are also better in the city. Some of the upcoming projects to improve the connectivity of the city are the high-speed train and the FNG corridor. The city is also being done up with series of flyovers and underpasses, which will ease pressure on existing traffic.

Government departments are doing well to check the basic issues in Ghaziabad, while private organizations are showing good intent in supplying projects with high-end amenities like power backup, 24x7 water supply, clubhouse and swimming pools. This is one more reason why buyers with higher incomes flock to these high-end projects.

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