Lower EMI on Home Loan. Win Win Situation

The cut in the Base rate by 15 basis point to 9.10 from 9.25 per cent  by Indias Number One bank SBI is a win win situation for the existing borrowers as it will lead to lower the EMI. As per the notification HDFC Bank has reduced base rate to 25 bps to 9 per cent.

SBI new rate is effective from the date the bank merged five of its associats bank and the Bhartiya mahila bank making it the 45th largest bank in the world..The merged entity will have a deposit base of more than 26 lakh crores and advance level of 18.5 lakhs crores.

The employee strength  of SBI after the merger has increased to 2,70,011 employees.

With such a figures the bank is likely to lend more to the new customers as well and this a very positive sign for the Real estae market which is in recession. Cheaper Home Loan would definitely help the Real estate Player to lower their unsold units.

Flying Sharks
Inputs from Indian Express

Top 5 Residential Projects in Delhi, National capital Region.(NCR)

Dlf Capital Greens, Moti Nagar New Delhi 

 Capital Greens Moti Nagar Delhi is a 38 acres and with a green area of approx. 120 acres paradise blessed with lush greenery, pure air & a serene environment

It's proximity to flourishing and elite neighborhood like Karol Bagh, Connaught Place Punjabi bagh and New Delhi Railway Station, makes it the most sought after destination of recent times.



The residents of Capital Greens luxury 2 & 3 BHK apartments will have the privileges of both the world. While on one hand you can enjoy the standard of living of Capital City, on the other the modern luxuries of DLF Builder are at your doorsteps. DLF Capital Greens Phase I Moti Nagar stand closer to the three metro stations (Moti Nagar, Ashoka Park & Inderlok) provides fast accessibility to the Airport and barely few minutes to reach any part of Delhi as well as NCR

Average Rate :- PSFT;- Rs. 12174/- with rental yield of 2.36%

Status :- Ready to Move, Phase 2 under construction

About the Developer :-DLF has nearly 70 years of track record of sustained growth, customer satisfaction, and innovation. The company has 284 msf of planned projects with 41 msf of projects under construction.

2. Godrej Golf Links. Greater Noida

Godrej Golf Links is 100 acres township located at Greater Noida (near Pari Chowk), a fast-growing commercial district with incredible potential. With thoughtfully-planned residential layouts, seamless connectivity to Delhi via the Noida-Greater Noida Expressway, and the under-construction, upcoming metro, the value of living in this luxurious township is beyond premium. Proximity to international schools, universities, and well-equipped hospitals only add to its promise.  Its a Joint venture with Ace Group.

Unit  :- Studio and 2 BHK. Premium, 2 BHK Large. Suites, Villas

Prices:- Studio . 710 SqFt @ 35 lakhs,
             2 BHK ( 975 SqFt -1450 SqFt) 50 - 80 lakhs
             Villas Plot Size (100,125,220,300 ) Sq yards -1.34 Cr. to. 4.5 Cr.
Status:- Under Construction

About the Developer:- This project is been developed by Ace Group which is in JV with the Godrej properties.ACE Group India is the best real estate company located in the Greater city of Noida West. It has the team of expertise builders and  are well known for the world class projects as well as  professionalism in delivering the projects on the required time. 

3. Puri  Anand Vilas. Sector ;- 81. Faridabad

Puri Aanand Vilas is the latest project of Puri Constructions. It is a beautiful project which redefines the meaning of luxury. Aanand Vilas is spread over 12 acres of land with just 12 towers and more than 75% of apartments are being three side open. It has low rise (G+6) and mid rise (G+13) elegantly designed towers which offer choices of 4BHK super luxury, 4BHK and 3BHK apartments. It has grand double height entrance lift lobbies. Shaft wrapping and vertical frames are around the towers which accentuate the versatility of the structure.

Unit :- 3 & 4 BHK Luxury Apartments (3bhk 1940 SqFt, 4BHK 2335,2430 sqFt)
Prices :- Rs. 4950/- PSFt.of Built up Area + Other charges.
Status :- Under Construction. Structure Complete,

About the Developer :- Puri Constructions is a name synonymous with excellent quality. Established in 1971, they have completed numerous projects ranging from steel plants, dams, luxury hotels & state owned institutions to new-age residential and commercial spaces.

Having built their reputation on uncompromising quality, they are the name behind some of the most well known addresses in the cities of Gurgaon and Faridabad.

With a dedicated & efficient team, they create spaces which offer the best of features within the specified delivery time. One of the most trusted and respected real estate company.

4. Mahagun MyWoods Sector 16c. Greater Noida West. Near Gaur City

Mahagun Mywoods is a new residential venture launched by Mahagun group at Noida extension which is one of the fastest developing localities in the NCR region. The project offers people a choice of 2, 3 and 4 bedroom apartments in an area ranging from 935 to 2190 sq. ft. . Far from the hustle and bustle of congested city life, this project has been sited at Noida Extension adjacent to Gaur City-2 Noida Extension with close proximity to New Delhi Railway Station, Noida City Centre Metro Station, Fortis Hospital / Shipra Mall, JIIT (Jaiprakash Institute of Information Technology), DND and Kalindi Kunj.



Unit :- 2, 3 & 4 BHK Luxury Apartments
(2bhk 935,1110 SqFt, 3bhk 1235,1370 ,1545, SqFt, 4BHK 1810 SqFt)
Prices :- Rs. 4500/- PSFt.of Built up Area + Other charges.
Status :- Ready to Move. Phase II under Construction

About the Developer :- Mahagun Group is an esteemed organization comprising of ardent engineers and space planners who have successfully built a lot of housing developments. Having a combined experience of over 40 years. Rich architecture and futuristic styles have been impressing clients all over the country who wish to purchase the Residential, Commercial and Retail segments built by Mahagun builders. 

5. Sobha City. Chintel Metropolis. Sector 108. Gurgaon

Sobha City at Dwarka Expressway  styled 2 and 3 bedroom home has an expansive view of landscaped from windows & balcony with great love and detail. Each lavish apartment at here, starting at 1370 sq. ft., is a demonstration to the luxurious living that you are comfortable to.
 Sobha City has 1600 apartments in 25 towers with four apartments on each floor. Sobha City comes with a range of amenities like 85% open space, 2 club houses, cricket stadium as par with the standard of International Cricket, Swimming pool and many others that matches the pace and standard of living of today’s smart customers. Very high standard of structural design, construction pooled with inventive use of fine material, lifestyle services, lighting and high-tech security systems are used.
This residential property is beautifully located at Sector 108, perfectly placed to satisfy all your instant and all-time requirements. The likeminded families living here become your immediate neighbors. A working 75m wide road leads your way to directly Dwarka Expressway, Delhi reserved greens as its boundaries will make both your morning & evening fresh

Unit :- 2, 3 & 4 BHK Luxury Apartments,Villas (2bhk 1380 SqFt, 3bhk 1710,2002,2072, 2342SqFt ) Prices :- Rs. 8200/- PSFt.of Built up Area + Other charges. Status:- Under Construction About the Developer :- Sobha Developers Limited, a Rs. 15 billion company, is one of India’s largest real estate and contracting players in the country. Since inception in 1995, the company has always strived for benchmark quality, customer centric approach, robust engineering, high degree of business ethics, timeless values and transparency in all spheres of business conduct, which have contributed in making Sobha, a preferred real estate brand in India.

Flying Shark These are the projects which you would definitely get and your money is secured. Seeing the Scenario of the Real Estate market, this is abig Thing that your money is secured and you get your property on time.

The Ferrocement Facade and Porche

                                     The Structure Being Castes and is ready for the Final Finishing.

                              Its a two layer Structure with a thickness of .250 mm.. Its Hollow in between.

                           The Front Elevation as You can see is Designed in a Two Storied Pattern.
                          Work is in progress and Watch this Space for more pictures from this project.

Union Budget 2017 and Real Estate

There has been several positive Measures that would define the  Real Estate prospects in the country.
This would not only bring positive Change in the sector but also define the Future of the Industry

Ferrocement Casting Technique

To Start with the First change we would see that the nominal tax on ready but unsold inventory is to be charged after one year. This means that the person holding the land in a given real estate project will have to pay ‘tax on gains’ once the entire project is completed and not before that. Earlier, the price of the land was evaluated by the owner at the time of entering into a contractual agreement with a builder; and the taxable amount on the notional gains had to be paid on the assessed price at that point only. As the tax payment will be deferred, more land owners will be encouraged to tie up with developers and realtors. This will propel the supply of properties in the positive direction, further benefiting buyers. 
             

Ferrocement Temple Structure

 Finance Minister Arun Jaitley in his Budget 2017-18 speech has given one of the much needed thrust to the Indian real estate sector. The minister announced that the ‘Affordable Housing’ will be given ‘Infrastructure’ status, which is likely to result in increased participation from private players.

Jaitley also announced that National Housing Bank will refinance individual loans worth Rs 20,000 crore in 2017-18. “NHB allocation will give a big push to affordable Housing Finance Companies namely AU housing, Gruh Finance, Repco,” said India Ratings.

On the all-important front of personal income tax, the existing tax rate for incomes between Rs. 2.5 lakh to 5 lakh has been reduced to 5%, and taxpayers in other categories will also save Rs. 12,500.

Jaitley also announced that National Housing Bank will refinance individual loans worth Rs 20,000 crore in 2017-18. “NHB allocation will give a big push to affordable Housing Finance Companies namely AU housing, Gruh Finance, Repco,” said India Ratings.

On the all-important front of personal income tax, the existing tax rate for incomes between Rs. 2.5 lakh to 5 lakh has been reduced to 5%, and taxpayers in other categories will also save Rs. 12,500.

Key highlights for real estate sector in Union Budget 2017:

* Affordable Housing has been given the Infrastructure status
* 1 crore rural houses will be created by 2019
* National Housing Bank to refinance Rs 20,000 crore loans
* Pradhan Mantri Awas Yojana to get Rs 23,000 crore
* Real estate developers to get tax relief on unsold stock as liability to pay capital gains will arise only in the year a project is completed
* Instead of Built up area of 30 and 60 sq meters, the carpet area of 30 and 60 sq meters will be applicable for affordable housing
* Holding period for capital gains tax for immovable property reduced from 3 years to 2 years
* Window for availing 3 year profit-linked incentives for start ups increased to 7 years against 5 years earlier
* Tax break of 1 year post receipt of the completion certificate, for the unsold stock
* New FDI policy under  consideration.
* No cash transaction above Rs 3 lakh will be allowed
* Rs 2.41 lakh crore has been allocated to boosting infrastructure for transportation
* Indra Awaas Yojana will be extended to 600 districts
* Total allocation for the infrastructure sector is Rs 3,96,135 crore
* Allocation for National Highways to be at Rs 64,000 crore
* No cash transactions above 3 lakh
* Indexation for capital gains shifted from 01-04-81 to 01-04-2001

The criteria for low cost / affordable housing has been changed from built-up area of 30 / 60 sq mtrs to carpet area of 30/60 sq mtrs, thus making the low cost – affordable housing segment more lucrative for the builders and also making the segment more attractive for the buyers. With the change in criteria from built-up area to carpet area, the purchasers get more spacious homes and the builder is able to market the property to a larger segment of buyers.

Also the tax break of 1 year post receipt of the completion certificate, for the unsold stock, gives a slight breather to the builders.

Reduction in Income tax rate for basic slab: Will help broaden the tax net and also increase the disposable income in the hands of the tax payers coming within the category. This, coupled with the incentives on low cost housing and the reduction in interest rates by banks, is likely to promote thrust in the affordable housing segment.



Flying Sharks
(Inputs from Economic Times)

The nominal tax on ready but unsold inventory is to be charged after one year. This means that the person holding the land in a given real estate project will have to pay ‘tax on gains’ once the entire project is completed and not before that. Earlier, the price of the land was evaluated by the owner at the time of entering into a contractual agreement with a builder; and the taxable amount on the notional gains had to be paid on the assessed price at that point only. As the tax payment will be  ..

Read more at:
http://economictimes.indiatimes.com/articleshow/56948232.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

The nominal tax on ready but unsold inventory is to be charged after one year. This means that the person holding the land in a given real estate project will have to pay ‘tax on gains’ once the entire project is completed and not before that. Earlier, the price of the land was evaluated by the owner at the time of entering into a contractual agreement with a builder; and the taxable amount on the notional gains had to be paid on the assessed price at that point only. As the tax payment will be  ..

Read more at:
http://economictimes.indiatimes.com/articleshow/56948232.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst