ThePowerof Now

Think before you act because it matters alot. World is powerful and you are more powerful.

[powerfulworldnature-blog]

Tax benefits of investing in real estate

Investment is the key source to multiply savings. Every individual is blessed with myriad investment options. Depending on the disposable income, risk-taking appetite, and purpose of investment, the individual can pick an investment avenue.

Luxury real estate has always been a reliable and go-to investment option after bank fixed deposits. But with the rise in footfall in the city, per capita income and standard of living of the people, luxury homes in Mumbai is becoming the new favored investment choice. Other than being an unswerving way of achieving financial goals, investing in real estate comes with a set of tax benefits. These include:

·        Section 24:

Whether you purchase luxury 3 bhk flats from prominent project builders like Bombay Realty or a small den with a basic RERA certified home constructor, availing a house loan to make payments for the same is recommended. This is because under section 24 of the Income Tax Act, an individual can claim deductions on the interest paid on home loans. This amount is reduced with the head ‘deductions from income from house property’ while computation of taxes payable.

·        Section 80C:

Any principal amount that is directed towards the repayment of the house loan is deductible for tax purpose under section 80C of the Income Tax Act. As this section has a plethora of schemes that are deductible, this section is limited to a total deduction of INR 150000.

·        Capital Gains:

Capital gains are long term and short term. Short term capital gains are considered and taxed as any other ordinary income. So if you incur short term capital gain and you fall under the category of 10 percent tax slab rate, your capital gain will be taxed at 10 percent. Long term capital gain tax is based on various factors. If the gain is incurred by selling one of the properties and the money is re-invested in another one, the difference can be re-invested in tax-free bonds to claim a maximum deduction.

·        Depreciation:

Depreciation is of the driving factors that make real estate an excellent investment choice. Depreciation is counted as a tax-deductible expense. But, only an income-producing property based on regular wear and tear is allowed to be written off under the depreciation clause. If you want to enhance your cash flow for the current year, depreciation is the claim to make!

[powerfulworldnature-blog]

Smart city: A hub of comfort and sustainability

A smart city is a popular concept. A city built to be environment-friendly and still provide various comforts to its residents is a smart city.

Features of a smart city

A smart city is a step ahead of an average city. It has a lot of exciting and environmentally friendly features such as waste management plants, 24-hour electricity, and water supply,  cultural activities, digitization, high-speed internet etc.

A smart city is the future of the planet. It is a combination of technology and sustainability to make progress and take care of the environment as well. More and more cities are shifting to the smart city concept.

The initiative

The smart city initiative has spread across the globe to improve the quality of life for everyone and do so without damaging the planet. These cities have a luxurious infrastructure with top-notch tech. These cities also encourage creativity and provide a quality education for all. If you want to change your lifestyle, be more eco-friendly and live in a positive and comfortable environment then moving to a smart city is the way to go. Smart cities are all about creating a community. The aim is to live and work in harmony, enjoy nature and lead a smart and sustainable life.

 Strategies

Cities are becoming smart all around the world with London being the smartest city on the planet. A smart city requires strategic operations and partnerships with a various private company. Most of these partnerships are with IT companies for better energy and data management. It is a collective effort with a lot of participants. Working together with the same aim is how a smart city is built.

India has also taken up the initiative to build more smart cities and improve the quality of life for an average citizen. Lodha Palava city is one of them. Palava city is one of the most beautiful and luxurious smart cities in the whole country. The city is located in the heart of the country near Mumbai. It has above 4500 acres of area with tremendous facilities and open spaces. Lodha group is one of the prominent real estate developers in the country. With vibrant community activities, luxurious infrastructure and some of the best educational institutions, Palava is a great place to live. The city can be a safe and happy home for you and your family.

[powerfulworldnature-blog]

Draw, spray and paint on the walls using light colors can add life to the residence.

Get more information here to make your home walls interesting.

[powerfulworldnature-blog]

Luxurious 1, 2 and 3 BHK homes in Mumbai

Enjoy a luxurious lifestyle in the vast 8.8-acres area which has the largest mall in India, a central green boulevard, entertainment zones, cafes, restaurants, and many more amenities.

Visit here for more information.

[powerfulworldnature-blog]

Walkthrough for future residents

The walkthrough was organized for future residents to see the progress of the property. The residents had multiple things to share about the fast progress of the construction by the real estate developer.

To know more about this, watch the video.

[powerfulworldnature-blog]

How You Can Experience Quality Living

This real estate project has launched economical residential homes that ensure a safe, comfortable, and secure lifestyle where people can experience quality living.

Visit here for more information.

[powerfulworldnature-blog]

Definitely! Investing in Real Estate in Mumbai is a brilliant idea as it will pay you back with good returns in the future.

For more information, visit this link.

[powerfulworldnature-blog]

How adding luxury to our lives is getting more important

Luxury is what we aspire in our lives. We all believe in living in our own home. No matter, how good is our rental accommodation, but it is always temporary and nothing feels better than our own sweet home. Whenever we think of buying a place, we look for the best and the most luxurious place that we can afford. If we observe recent trends, there is a drastic shift in demand for luxurious apartments.

The shift in market demand

With the increasing purchasing power and also awareness to live in a better place, the buyer’s focus is shifting from normal to luxurious and comfortable living. They are more interested in a good number of rooms, better furnishing, and luxurious living. They are ready to pay high prices but do not compromise with their requirements. They are looking up a clean, green and well-maintained neighbourhood, proper societies, and a healthy living environment. With global exposure, people are well aware and want to increase their standard of living. Now, they are not looking for simple flats or apartments they are looking high quality and well-maintained living areas.

The Concept of Luxury

Luxury can be defined differently for different people. For some buyers, it can be proper buildings with well-maintained parks, recreational rooms, playing areas for kids. For some, it can be 4 bhk luxury apartments with balconies and garage. So, defining luxury is difficult. It depends on person to person and their requirements. To fulfill all these luxurious requirements the builders are constantly working hard. Specifically, in big cities like Mumbai, they are trying to include all the modern features in their upcoming luxury residential projects. Say to promote better and world-class living they are trying to better security systems to ensure safe and secure environment for the inhabitants.

How to assess the luxury quotient of a project

There are various parameters on which the buyers can assess the luxury quotient of a project. The first thing is based on the ‘Quality’ of the project. It means that the quality of construction and design of the apartments. The next is ‘Leading View’ of the project. It means whether it is sea view, city view, and hill view. The view determines the placing of society. Next is the amenities provided by the builders. It means if there is a proper gymnasium or a swimming pool or a Jacuzzi is present in society. The above can be converted into ultra-luxury features with changing into a rooftop swimming pool or a rooftop lounge. Such features determine the luxury as well as prices.

[powerfulworldnature-blog]

Each home is open on 3 sides with floor-to-ceiling glass providing you unrestricted and expansive views of the Arabian sea.

For more information, visit here.

[powerfulworldnature-blog]

Here is an opportunity to live in a home of your choice in 1 BHK, 2 BHK, and 3 BHK flats in Thane which defines your lifestyle.

For more information, visit here.

[powerfulworldnature-blog]

Amongst all the metropolitan cities in India, Mumbai is the best city to invest in real estate properties.

To read more, visit here.

[powerfulworldnature-blog]

A buyer thinks Andheri is the best location to buy a luxury apartment, as it has various offices and commercial/infrastructural developments in the area. Visit here to read the key highlights of the emerging luxury abode in Andheri, Mumbai.

[powerfulworldnature-blog]

Zee TV replaces Star Plus as the leader in urban market: BARC Week 44

Zee Anmol ranked first to lead the market by making 809 million impressions and Zee TV on the second position with 790 million impressions, according to Broadcast Audience Research Council (BARC) India Week 44 data.

[powerfulworldnature-blog]

Sitaraman Shankar appointed as Editor of Deccan Herald

Sitaraman Shankar is appointed as Editor of the newspaper and website deccanherald.com.

Shankar has a total 25 years of experience with brands such as Hindustan Times, Economics Times, Reuters, and most recently worked with Network18.

To read more, visit here.

[powerfulworldnature-blog]

What People Imagine When They Imagine a Perfect Life?

We all have our own interpretation of a perfect and more satisfying life. If you’re out on streets and ask people from all sections of society about their perception of a perfect life, the range of answers will be extremely vast. Some people aspire the basics and some want to reach the stars. Some want to be part of the society while others want to run away from it. However, of all the reactions, what you’ll find common is that the desires and that missing factors in everyone’s life is what everyone is seeking. However, there are a few things that almost everyone looks to have in their life and most people find it missing in theirs. Here are those things:

Security

In this mad world that we humans have made, perhaps the most crucial thing that every individual seeks is the security. People want to feel secured about their life. Not just physically, they want to find security emotionally and financially as well. The secured feeling helps individuals get rid of fears and a fearless life makes people feel powerful.

Stability

Mundane life is highly under rated. Most people might crib about a regular life with no ups and downs. They might crib about the monotony that has slipped into their lives. However, deep down they also are thankful for the stability, if it’s available in their life. While getting security in life is a priority, the sustenance of that security and everything beautiful that come with it is what most people aspire for. When the stability arrives in life, an individual gets a chance to think bigger and achieve bigger goals in life. That process of reaching the next level starts with basic stability.

Luxury

When the basics are in place, every human turns towards the desires. As they say, it’s always the human who wants more. People crave for a car like Ferrari, a home in Lodha New Cuffe Parade in Mumbai and even would not a house help or two. Luxury is what makes people feel like they’ve arrived. And fortunately or unfortunately there’s no end to this last piece to people’s imagination of a perfect life. Fortunately or unfortunately, there is no true way to measure luxury. There is no way to say if a particular amount is enough.

There’s always that thought that lingers in everyone’s mind – if someone achieves that perfect life as per their imagination, will they then be happy? Will the life hold any purpose then? Guess it’s the answers we all humans are looking for here on this planet.

[powerfulworldnature-blog]

People who understood the power of real estate investment have been generating good wealth. To know the power of real estate investment in the future visit here

[powerfulworldnature-blog]

5 Reasons Why Your Home Loan Might Get Rejected

It might sound very easy to get a home loan when they say it in the advertisements, but there are a few stages of documentation, approval, financials and much more on the journey to get a home loan sanctioned. If you’re buying a property from trusted names like the Lodha Group among many others, you will get a lot of external help in preparing your loan case and ensuring that you have your documents in place.  

Let’s look at 5 major reasons, why a bank or a financial institution might reject or approve your home loan:

1.  Career Stability

As home loans are a long-term affair, the banks/lenders need to be sure of timely payments, hence if you stick to one company for at least 2-3 years your chances of getting a loan are steep, but if you have a record of switching jobs too frequently it might reflect badly on your profile.

2.  Credit Score

A credit score is maintained by the government on the basis of your financials. A good credit score doubles the chances of your home loan getting sanctioned. However, if you have a poor credit score that means that you might have missed or delayed a few payments/EMIs in the past which spoils your credit score. You got to be responsible with your track record as it’s important that you have an excellent credit score.

3.  Builder Approval

The builder or developer from whom you are planning to buy a project must be listed with the bank or else the loan request may get denied if the builder’s reputation is not good.

4.  Age

You might get a loan rejected if you are about to reach your retirement age. As per bank’s perspective, you won’t have a fixed income in the cases of salaried professionals after retirement. In cases like these, you can take up the loan in the name of your spouse or children.

5.  Documentation

Any mismatch in your KYC information, signatures or any falsification will decrease the chances of your home loan getting approved, so make sure your documents support the facts and are properly prepared.  

You got to keep this checklist of requirements/documents updated and always ready. So when you’re applying for a home loan in the coming time, you will be prepared for a successful loan sanction.