NEWS WINGS


Tax Tips : Tax Savings for Home Loan Interest Under Section 24 B

The principal amount in the repayment of a home loan can be added to the 80C limit of Rs1 lakh for tax savings. The interest component of home loans is allowed as deduction under Section 24 B for up to Rs1.5 lakh in case of a self-occupied house. In case the house is in the joint name of your spouse and you (joint loan), each...

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Why to Buy a green home

When Ankit Sharma, a senior manager in an MNC, recently set out to buy a house, he had a long checklist with him. Apart from the usual check points of the developer’s track record, building approvals, possession dates, etc, it included a few extras like a water recycling plant, rainwater harvesting, solar heaters, waste disposal systems, etc. After many weekends of scouting around the city...

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Modi govt ambitious on infrastructure: President Speech

From 100 new cities with world class amenities, integrated infrastructure with focus on cleanliness and sanitation to Diamond Quadrilateral Project of high-speed trains, President Pranab Mukherjee in his address to the Parliament on Monday outlined the projects to show the ambition of the Narendra Modi government about infrastructure development. “Lack of robust infrastructure is one of India’s major impediments,” the president said during the course of...

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4 hotspots to invest Rs 20-40 lakh near Mumbai

To buy a property in Mumbai may require you to make a minimum investment of Rs 1 crore, but for those who could only invest Rs 20-40 lakh, should not get dismayed. Here are the few emerging hotspots that Mumbai residents with a limited budget are looking forward to: Asangaon A part of Thane district, Asangaon is a locality that lies on Mumbai-Nashik Expressway. The area...

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WIN-WIN SITUATION FOR INVESTORS IN THE WESTERN SUBURBS, MUMBAI

The areas of Andheri, Kandivali and Borivali, have recorded impressive growth numbers in the last couple of years and are popular residential destinations in Mumbai   With increasing housing demand in the western suburbs, people who have already invested in the area, tend to quote higher values in the resale market. Confirming the trend, MagicBricks.com data states that localities such as Andheri West, Kandivali West...

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Namo-land: With Narendra Modi becoming PM, stock of Gujarat business on an upswing..

NEW DELHI: Behram Mehta, head of an Ahmedabad-based company that bottles Aava brand of water, has been camping at Taj Man Singh hotel in Delhi these days. Mehta has been meeting business partners to give shape to an all-India expansion plan, and everyone seems to be keen to play ball, as he hails from Modiland. Mehta, known to host top businessmen, including Tata Group chairman...

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Home Loan Rates Will Be Reduced: Venkaiah Naidu

The government will reduce interest rates on home loans, Urban Development Minister Venkaiah Naidu said on Wednesday.Soon after taking charge of the ministry, Mr Naidu said that interest rate reduction is necessary if housing for all has to be achieved.“Housing is our top priority area and I will be taking up this matter with my colleague (Arun Jaitley) who is the finance minister,” he told...

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Modi’s mantra of Hope for Indian realty

For the common man of India, the dream to own a house will soon turn into reality with the Narendra Modi-led NDA government taking charge. Issues such as affordability of real estate, delayed construction projects, delays due to litigations surrounding real estate projects, etc. impacted developers as well as consumers. The new government promises to aggressively promote affordable housing. Property is once again going to...

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RE-FUTURE : NEWS WINGS

57% of Indians Think Next 30 days Good Time to Buy Real Estate: Survey Nearly 60 per cent of Indians think that next one month would be a good time to buy real estate with improvement in consumer sentiments following formation of a stable government, according to a survey by global research firm Ipsos. “Almost six in ten (57 per cent) Indians think the next...

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Building’s terrace belongs to residents, Mumbai consumer forum says MUMBAI : A consumer forum has observed that the open terrace of a building is the joint property of residents. Not adhering to this is a violation of the provisions of the Maharashtra Ownership of Flats Act (MOFA). The forum made the observation last Thursday and directed industrialist Yash Birla’s Birla Infrastructure Ltd along with Lakshmi Properties...

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