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A SHIFT IN REAL ESTATE EXPECTED IN 2019 – TOPROPMART

The developers are likely to use the existing inventory rather than launch new projects as they tussle with RERA Act and GST. Due to the NBFC crisis, there will be a liquidity problem to continue. But there are some new trend to be expected in this year. The affordable housing segment is expected to grow both from supply and demand side due to Government incentives for both developers and buyers. The Government has expanded the benefits of a subsidy scheme on home loans under the Pradhan Mantri Awas Yojana till March 2020. A subsidy of upto Rs 2.67 lakhs can be availed on home loans by buyers. This year will turn out be another push towards the development of housing segment.

Co-living is the concept which has been emerging due to people preferring to stay with someone, especially students and professionals. Co-living area includes private rooms with a shared kitchen and a living area. But this option is majorly available in metro cities like Mumbai, Bengaluru, Pune, Delhi. This concept has however expanded to tier II cities like Jaipur and Lucknow. There are many startups operating in this space like Oyo living, Ziffy homes, StayAbode, SimplyGuest, RentMyStay, Zolo and many more. According to some experts, Real Estate Investment Trust will be launched in this year. The Government removed many hurdles after it was first launched in 2008. Government is thinking to bring some modifications for the ease of investors in the REIT policy.

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TAX ADVANTAGE OF COMMERCIAL PROPERTY LOANS

Income from house property is an income from residential and commercial property both. Annual Value is the rent received from the property, but there are certain deductions here. There are two deductions allowed according to the Income Tax Act- standard deductions and deduction of interest. Standard deduction is allowed at the rate of 30% of annual value for any repairs, insurance, water supply etc. Deduction of interest is for purchase, construction, renovation of commercial or residential property available on interest paid on loan. There is no standard limit on deduction of interest for a commercial property loan.

To calculate taxable income from house property, the Gross annual value is deducted from municipal taxes. Then standard deduction and deduction of interest is made. The assessee gross annual income is added to the taxable income from house property and is taxed according to the income tax slab. If the taxable income from house property is negative then the loss is set off against other income. If this cannot be done and the loss is more than Rs 2 Lakh then the left over loss is moved forward to the following years, also it is then set off against other income for the following 8 years.

But there are various conditions to be kept in mind. The money borrowed from relatives or friends is considered for deduction of interest. There is no restriction on the amount of interest on loan for the commercial property which is either let out or used for business. Loan taken for repairs, construction is allowed no deduction for interest before its completed.

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EFFECT OF GST ON REAL ESTATE BUYERS AND INVESTORS

The main implication of GST is that it has brought a simplified tax structure. Previously, the buyers had to pay VAT, Service tax, stamp duty and registration charges when purchasing a property under construction. However, for purchase of completed properties, only stamp duty and registration charges were payable. The registration charges, stamp duty and VAT varied from state to state. Earlier due to various types of taxes, the businesses and purchasers had to pay tax on tax which was very complex. To tackle this problem, Government introduced GST. This has introduced positivity among the buyers and investors because of a less complex tax structure.
Under GST, all properties which are under construction will be charged at 12% of property worth. Stamp duty and registration charges are not included in this. For the properties which are complete, the previous provisions will prevail. No indirect tax will be paid by the buyers on sale of ready to move in properties. Thus the implementation of GST has brought in more transparency in taxation and has boosted the sentiments of buyers and investors.

  • Simplified taxation
  • Transparency and clarity
  • Reduced tax burden
  • Increased profit margin
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Compact Homes: A Growing Trend in Indian Real Estate

The pattern of compact homes is picking up energy in he real estate sector, the main reason being an increase in nuclear families. Particularly in the metro cities where majority of the population is working, these homes play a vital role as they are affordable in range. The space in a compact home comprises of a hall, kitchen, bedroom, study area, washrooms and a balcony. The area ranges from 500 square feet to 800 square feet, which is a sufficient space for a nuclear family. According to a survey by real estate expert, the metro cities like Mumbai, Delhi, Kolkata, Bengaluru and Chennai have little land and the prices are less too because of which the pattern of compact homes have gained immense popularity. It has also been observed that selling expensive and luxury apartments is really troublesome for developers and that’s why they prefer compact homes.
There has been an increase in preference of nuclear families by the millennials, also a growing demand for compact homes as it does not require much investment. Other advantage of these homes is that it is constructed elegantly keeping in mind the space and using it perfectly. The latest technology and latest trends in interiors is also kept in mind. The compact homes are most practical to deal with as it involves low maintenance cost which is of utmost importance to the working generation. Thus, minimum spending on furniture, electricity and other interiors. This gives the opportunity to decorate the home as one likes, customizing it according to their taste as one has dreamt of. Another advantage of these homes is that it has a great resale value. The return on investment for compact homes is far better than big luxurious apartments. Also they are sold off easily as their demand is great in urban cities. So it comes to no surprise why these small spaces are gaining widespread popularity among the millennials.

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RESIDENTIAL APARTMENTS/FLATS IN LUCKNOW – TopPropMart

There are various localities in Lucknow where residential market is growing and has a huge demand. Multi-storey apartments are available in areas like Shaheed path, Faizabad road, Gomti nagar, Mahanagar, Kanpur road, Jopling road, Vibhuti khand, Sushant golf city. MI Rustle Court is one such residential apartments in lucknow with the price of Rs 74.9 lakhs, area being 1452 sq ft and 2 bhk apartments. Residential flats are coming keeping in mind the requirements of investors and providing the best amenities to them. New age technologies along with all comforts are kept in mind to give the best experience to investors for residential flats in Lucknow.
The price ranges between 2 lakhs to 2 crores.In Lucknow, the locations of residential apartments lies in Gomti nagar extension, Faizabad road, Dewa road, Vrindavan Yojana. The number has always increased because of many residential properties coming in Lucknow. The city has developed when it comes to real estate industry, so the people who buy residential properties in Lucknow have got high returns on their investment. The areas of these residential apartments are Faizabad, new jail road, sitapur road, jankipuram, niralanagar. One should have a budget in the range of 22 lakhs to 2 crores. One expects all modern amenities and spacious property along with decent locality for residential apartments. Residential plots are available in areas jail road, Deva road, Gomti nagar extension, Jankipuram, Mohanlalganj, Kursi road, Indira nagar, Ansal API Golf city. The prices range from Rs.3000 per square yard to Rs.60,000 per square yard. An investor can get a good ROI when buying residential property in Lucknow as the industry is seeing ample growth in the city with many new projects coming up. To know the best residential property deals visit TopPropMart

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HOW TO INVEST IN REAL ESTATE WITHOUT BUYING PROPERTIES

The trend in real estate has evolved with time. To fetch high returns on investment people are investing in commercial properties. Earlier people used to invest only in residential spaces but now it has changed. To get assured rental income people are not investing in just one commercial project but in several small budget projects. Virtual space is the talk of town now. Virtual space investment means the space being registered in investor’s name but he does not have its physical ownership. The biggest benefit here is that the investor does not have to think about maintenance of the owned space. After completion of its construction, the owner starts getting its rent. Virtual space is actually an office space which is rented out to different buyers. At any point of time the investor is free to sell the property. It offers varied use of commercial development like restaurants,food courts, offices, rentals, spa. There is a better growth of return in such investment.

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REAL ESTATE COMPANY IN LUCKNOW

Real Estate Company in Lucknow

The real estate in Lucknow has shown an enormous growth in real estate sector. In terms of infrastructure and metro the city is developing. Lucknow real estate market has become attraction for NRIs as well as it offers a sizeable ROI. Lucknow real estate has made a mark in localities like Hazrartganj, Butler colony, Charbagh, Hasanganj.

Lucknow real estate is budding with projects developing in areas like Jankipuram Extension, Gomti nagar extension, Mahanagar, niralanagar. Amausi, Sushant Golf city have maximum properties for sale. The real estate properties in Lucknow have shown a rental yield of 3.98 percent according to a market research done by makaan.com. The villa projects or independent houses comes in a budget range of Rs52-60 lakhs. There are approximate 2800 projects in this category. Market researchers are of the view that key areas could get one a sizeable rate of profitability or ROI on account of the city’s development.

Lucknow is one of the fastest growing cities in India. There are many real estate companies in Lucknow coming up and some are well established in the city. DLF is one amongst many who have placed themselves really well in terms of commercial and residential projects both. Shri Balaji Constructions Company is one such real estate company in Lucknow which was started 10 years back and serves large and medium category of projects. They are best known for commercial office spaces, villas and plots.In Lucknow, Eldeco is also one of the forerunner real estate companies which marks its presence in many other cities of North India. It has successfully delivered around 175 projects spanning across malls, townships, office complexes. It is one of the most trusted real estate companies in Lucknow gaining the trust of many investors.  Rudra Real Estate Pvt Ltd is one of the developing real estate companies which has fused traditional and modern techniques in their business.

Lucknow is blooming with real estate companies and has become a great attraction for investors.

In Lucknow, Real estate consultants have shown a tremendous growth with real estate companies understanding the concept of consulting the investors. GN Real Estate & Infra Housing Pvt Ltd is one such company who understands the requirements of investors and customize according to their requirements. Saurabh Land Square Private Limited is another real estate consultant in Lucknow who thinks of real estate more than just buying or selling a property.

TopPropMart has been growing as investors look for guidance before investing money. The consultants give honest advice to investors before buying a property. Real estate property dealers has picked up a great pace as investors considers it a wise decision to consult them before investing. They help in making a good financial decision towards buying a dream property. Trust is very important when buying a residential properties in lucknow. Real estate consultants have been successful in consulting clients to make a good purchase. For best residential property deals, visit Toppropmart

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PERKS OF INVESTING IN LUCKNOW

PERKS OF INVESTING IN THE CITY OF NAWABS

The city of Nawabs, Lucknow has developed tremendously in all areas especially in real estate sector. There are various reasons why one should one invest in this city. The Town and Country Planning has estimated that approximately 197 villages will be brought under the Master Plan 2021. So it is speculated that many residential properties will be developed in these locations. Faizabad road, Sultanpur, Raebareli road will not be far behind when it comes to commercial properties. An approval has been done by LDA for the construction of 150 metre wide ring road to popularise private projects in the city. There will also be a development of Knowledge park between Mohan road and Jail road having higher education and coaching institutions in its vicinity. The development of metro in the city will be an impetus for the growth of real estate corridor. This will surely prove to be beneficial for the public. Various townships and IT city spread over an area of 100 acres is being developed by ACL technologies. Lucknow comes second in the list of Smart cities given by the Centre. Assistance and funds will be provided by the Centre. Multi speciality hospitals are being set up in the city which makes it a medical tourism spot. These were some of the perks to invest in the city.

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