Prestige Jindal City The Perfect Blend Of Simpicity And Luxury

The Prestige Group

The Prestige Group is one of India’s most Prolific builder that is something to watch out for with their recent Prestige Jindal City Project on Tumkur Road, Bangalore. Since 1986, the giant Prestige Estates and Properties has been executing some of the most renowned enclaves, residential apartments and real estate standards. The Prestige group is a very professional and high-end real estate developer in the South. The Group has a strong presence in the retail sector with multiplexes and malls. Prestige has built itself a dependable and trustworthy name in property development field.

The Prestige Jindal City Project

The Prestige Jindal City is the latest development by the Prestige Group situated near Tumkur Road, Bangalore. It offers 1, 2, 2.5, 3, and 4 BHK flats at affordable and competative prices. The project has planning of a total of 3572 apartments in a massive 32-acre project along with a total of 2108 units coming up in Phase 1. Prestige never compromises when it comes to utilizing all the most recent advances with all the cutting edge conveniences because that’s what everyone expects from a developer like Prestige. The Prestige Jindal City is the visible form of faultless creations. The project is spread over a large area decorated with magnificent scenes and greeneries, fully spread out all through till the horizon. Every single unit at The Prestige Jindal City, Tumkur Road offers comfort and views which will for sure make each and every buyer go bonkers.

The Location

The area of Prestige Jindal isin a very serene and tranquil Location in Bangalore. It is in close proximity with a simple drive to the Outer Ring Road, Multi-Speciality Hospitals, and other exciting areas.

This venture is surrounded by beautiful green gardens, that serve as an picnic and  occasion spot of families. It is located at a short drive to the Five Star Hotels. It is located at such a place where MNC Hubs, Numerous International Schools, Shopping Malls, Colleges, Clubs, are likewise found adjacent.  As an office goer, this is probably one of the best options for your future residence. The Project is in a very advanced & upcoming location with a great community in the area.

Amenities

All the required necessities like petrol pumps, schools, eateries, bus stations, ATMs, banks, shopping facilities and so on, are available in the area of Prestige Jindal City. Other exciting amenities include Gymnasiums, Clubhouses, Games Rooms, Jogging Tracks, Swimming Pools, Party Arenas, Gardens, Spas, Food Courts are available in the project for keeping everyone engaged in hobbies and interests. The Landscapes and gardens are designed keeping in mind the appreciation of beauty so you never miss the mornings filled with lush green covers and melodious bird chirpings.

Conclusion

If you dream to own an ultra-luxury, beautiful, and comfortable home in the area of Tumkur Road, you really have to grab this opportunity before it gets late. The Prestige group is a famous brands that has delivered some of the best projects and has unique developmental projects in its arsenal. 

Few terms that you must know before buying a house.

Buying a house is not an easy task. There are many things to look up at before buying a house. If interested to buy or invest then Sumadhura Eden Graden in WhitefieldBangalore is best choice for you.

                           

When you talk to your real estate agent, they talk about some terms about which you are clueless. The terms about which people get confused are carpet area; built-up area and super built-up area. These terms create a big confusion in the minds of the people. These are the three ways to calculate the area of the house. These terms really affect the cost of the house which you are buying. If you are not aware of these terms, your real estate agent can make you a fool and get extra money from you. There are no sciences behind these terms, you just need to read about these and you will be quiet clear about how these terms help in buying a house.

Carpet area

Carpet area is the actual usable area enclosed within the walls of an apartment or any other building excluding the thickness of the inner walls. It is the area in which you can actually lay the carpet. Basically, it is the actual area you get to use in a house or an apartment. Carpet area does not include the common areas such as a lobby, lift, and stairs, play area, etc. So when you look for a house, ask the carpet area because this calculated number will give you an idea that how much space you will get to use in the house. Nowadays, builders or the real estate agent does not mention the term carpet area, they charge you according to the super built-up area.  Depending on your builder, the carpet area can vary from 50-80% of the super built-up area. Therefore, one must always ask the ratio of carpet area to the super built-up area as more the ratio of carpet area to super built-up area, more space you get to use in the house.

Built up area

Built up area is the area which you get after adding the wall area and area of the balcony to the carpet area. It is also known as the total area of the house. Now, wall area is not the surface area but the thickness of the inner walls of a house. The area of the walls is about 20% of the built-up area and the area of the balcony cover 10% of the built-up area. So, in actual, the usable area of the house is 70% of the built-up area. The built-up area does not include the common areas.  

Super built-up area

Super built-up area is the area which you get after adding the built-up area and the common areas that include a lobby, lift lobby, lift, stairs, clubhouse, indoor sports room etc. it is also called the saleable area because, on the basis of super built-up area, a builder charges you. Super built-up area does not include septic tanks, compound walls, open swimming pool, etc.

Do learn these terms before buying a house. This will help you a lot in making a right decision according to your requirements. 

LONG-TERM CAPITAL GAINS TAX AND THE IMPACT ON INVESTING IN MULTIPLE HOUSES

With new and affordable properties coming up in the market like that of Sumadhura Eden Garden Project by Sumadhura builders, prospective purchasers are more than willing to invest in more than a single property, however, can investment be made on multiple houses for Long Term Capital Gains is the question.

As per Indian duty laws, an assessee is qualified for guarantee exclusion on long term capital gains tax, marked down of a property or some other resource, if s/he buys a private house. Be that as it may, there are a couple of hazy areas in this exception.

An inquiry that emerges, is whether the assessee can put resources in excess of one residential house and claim capital gains exemption under Section 54 or 54F.  Tax payers could assert long-term capital gains tax exemption by putting resources into in excess of one house property. Be that as it may, a change was made to the income tax laws, which supplanted 'a residential house' with 'one residential house', with impact from April 1, 2015.

CAN INVESTMENT BE MADE ON MULTIPLE HOUSES FOR LONG TERM CAPITAL GAINS

It can be sensibly induced that even after the change of Section 54 and 54F, accommodating exception from long-term capital gains tax, just if the speculation is made in one residential house property, one can in any case put resources into in excess of one house and claim the tax exclusion, given the  taxpayer can demonstrate that every single such flats are utilized as a solitary private unit by the family.

On the off chance that the assessee has acquired in excess of one private house and the houses are in various areas, at that point, the assessee could claim exemption only in respect of one house.. Be that as it may, the taxpayer would be qualified for exclusion in excess of one unit, if the two neighboring or persistent units are changed over into one residential house, and the two units are expected to be utilized as a solitary house for the family's home.

LIMITATIONS

Long Term Capital Gains from sale of real estate pulls in tax of 20.6%, with indexation. In any case, segment 54 of the Income-Tax Act, 1961, gives that long term capital gains tax can be spared by reinvesting in a private property, and as amended by the Finance Act, 2014—reinvested in one private unit. The new house must be purchased either 1 year before the exchange of the older property or 2 years after the exchange. In the event that you wish to build a house, it ought to occur within 3 years of exchange of the older property. Keep in mind, it is required to keep the sale proceeds  in a different record under the Capital Gain Account Scheme (CGAS) in the event that you intend to purchase a property later—however not following 2 years have terminated. Regardless of whether you are building a house, the cash ought to be kept in CGAS to avail the tax benefit. Withdrawals can be for development, and no other reason.

The new house must be in India and ought to be the main residential property you possess. In addition, on the off chance that you purchase another new house or build one (other than the new one), within a time of 2 years or 3 years, respectively, from selling the older house, you lose the tax cut. The new house can be sold just 3 years after it is purchased or built.

Vastu Tips For Bedroom By Prestige Jindal City.

A bedroom is the ultimate area of solace, at the end of a strenuous day. Hence, our bedrooms deserve better treatment. Vastu for Bedroom is very important as bedroom is the place for privacy and total relaxation. Vastu Shastra for Bedroom has been given a very high priority and significance. Thus, we should not ignore Vastu tips that are essential for bedrooms. This is also a kind of appropriate decoration, if you think it in a different way.

The way you sleep with your head in different direction and your placement of bed is a major decision which must be taken properly with utmost care. Therefore, be careful regarding all these factors. The Vastu actually plays a major role in placement and designing of the master bedroom.

Some of the major Vastu tips to keep in mind 

Check out these points that the project Prestige Jindal City brings for all of you:- 

Bedroom should always be in the South-West corner of the home and head of the family must occupy this bedroom. This is an integral tip of Vastu Shastra. The master bedroom should always be made larger than the other ones. The perfect place for keeping the bed in master bedroom is towards South or West wall, so that, while sleeping the person’s head is towards South or West and legs towards North or East.

Bed alignment to any corners is unsuitable. As per Vastu, the master bedroom should only be used by married couples. This should also be kept in mind. East, North or West walls are considered the best positions for placing the entrance door for the master bedroom. Try to avoid making entrance on the South wall. A safe should never be kept in a bedroom. Wardrobes are the best options and that should also be kept south-west corner of the master bedroom.

If a mirror is there in the bedroom, with or without dressing table, then make sure than none of the body part is visible in the mirror while sleeping on the bed, else the same body part will develop medical problems. This is a health issue as per the Vastu rules, so don’t ignore it. Other stuffs like television, electrical appliances or heater should always occupy the south-east part of the bedroom. According to the rules of bedroom Vastu, unmarried children or guests can use a bedroom in the East. The bed in the guest room can have its head towards the west.

Light rose, gray, blue, chocolate, green etc. as wall colors for bedroom would be the perfect choice because, Vastu Shastra says that these colors bring vibrancy and maintains peace at home. You can also install a bagua outside a bedroom to protect from negativity.

Vastu is actually an Indian cosmic science of architecture which majorly helps in creating a harmonious environment to set up a life for wealth, happiness and harmony. It’s all about creating a rhythm and balance to ensure a better life. In this process, it also becomes easier to decorate the house properly. Bedroom being of utmost important part of a house, you can definitely apply these Vastu tips for the better results.

A GUIDE TO PAYING PROPERTY TAX IN BANGALORE

The initial three months of a date-book year are constantly essential for organizations, property proprietors and salaried people. Come March and terms like Form 16, Income Tax, Section 80C, 80D, speculations, assess finding, property impose and so forth are ordinarily heard.

Toward the finish of a financial year and the beginning of the following – before the finish of March and start of April-everybody is either making a minute ago speculations to spare Income Tax or contemplating how to pay property impose.

On the off chance that you are a property proprietor in Bangalore, prepare for some new principles and systems to be taken after to pay your charges. Additionally there is one more upcoming project is coming in Whitefield Bangalore called Sumadhura Eden Garden, if interested then can invest or buy. Begin with these bits of data while paying property charge in Bangalore.

Sumadhura Eden Garden

      TYPES OF FORMS

There are two distinct structures for property tax now. Form IV in white paper is for documenting tax for properties that have enlisted no adjustment in status in the course of the most recent one year. The progressions could be status of inhabitance from private to rental and the other way around, or the degree of developed territory and so forth. For private units with any such changes, Form V in blue paper will be relevant.

MODE OF PAYMENT

You can pay property tax on the web through online portal, by providing records of the most recent eight years' of assessment documenting are accessible on the web. In the event that you are paying through the online process, there are no additional transaction charges for utilizing a Visa or Credit card. The legislature suggests the portal of Corporation Bank. The state government will not acknowledge cheque payments for property tax payment. You should pay either by demand draft or cash money. In the event that you need to pay your tax at the counter of a bank, you can pay at these banks listed here - Canara Bank, Corporation Bank, HDFC Bank, IDBI Bank, Induslnd Bank, Indian Overseas Bank, Kotak Mahindra Bank, ING Vysya Bank or Yes Bank.

TAX RETURNS

Tax payers, who have submitted declarations for the financial year 2010-11, can pay property tax for the year 2017-18 on the web. The individuals who have not yet paid assessment can likewise pay charge at the workplace of the Assistant Revenue Officer or at BBMP Help Center in the wake of recording returns. Those property proprietors, who don't have any Khata, can likewise pay at the assistance focus. You can likewise pay impose at the middle, if the expense is underneath Rs 1,000. The timings are between 9 am and 12.30 pm and between 3 pm and 7 pm.

UNAUTHORIZED REVENUE LAYOUTS

The individuals who fall in this classification can pay property charge under the self-evaluation plot. These properties can likewise be enrolled at the Office of the Assistant Revenue Officer until the point when they are regularized.

OTHERS

Solid Waste Management cess ought to likewise be paid alongside property charge. These application frames are accessible at the BBMP Help Center.

While filling the tax document on the web, be set up to give meter number of your power association.

FINALLY, BENGALURU BUILDERS ANNOUNCE NEW LAUNCHES

As the year crawls towards conclusion, property developers & realtors in Bengaluru have gradually begun publicizing new dispatches in the wake of lying lethargic all through as demonetization, execution of RERA and ensuing vulnerabilities turned their pipeline very dry. Realtors like Shriram, Sobha and Puravankara among others have made huge declarations over the most recent two months subsequent to having gotten their RERA enrollment numbers for their ventures. While this does not flag an up and coming recuperation, it shows indications of come back to commonality to some degree.

                           

Rampant dispatches had everything except became scarce as developers set aside opportunity to comprehend the ramifications of RERA which was acquainted to bring some level of straightforwardness and responsibility in the realty segment. This likewise influenced real estate agents to backpedal to the planning phase and re-adjust their yet to be propelled activities to conform to the guidelines or risk getting rejected by the specialist. Anuj Puri, Chairman of Anarock Property Consultants said - In 2017, engineers confined new dispatches and concentrated on finishing ventures. This pattern will proceed in 2018 too, as the administrative weight will additionally increment. Likewise, the supply of prepared to-move-in properties may increment in 2018 as a result of designers' managed center around finishing their current ventures.

Initiatives are taken by realtors such as Sumadhura in Whitefield presents Sumadhura Eden Garden.  Extravagance condos in an entrancing condition of workmanship structures having every single possible luxury and accommodations.

                                    

Every one of the occupants of Sumadhura Eden Garden while having proprietorship to perfect extravagance homes additionally have the extraordinary uprightness of absorbing an excellent atmosphere. Sumadhura Eden Garden is a 14 section of land venture with tremendous open spaces and complete luxuries to run with the fine living here. There are 1080 units of 1 BHK, 2 BHK and 3 BHK extravagance lofts in this up and coming task in Bangalore with measurements going from 680 sq.ft to 1379 sq.ft.

There are various well being and wellness pleasantries to help make the inhabitants' lifestyle more peaceful and brisk. A ultra present day swimming pool, offices for horde sports like Cricket, Basketball, Tennis, Skating and such. Children can have a carefree time here as there is a selective play territory for kids with current play offices to run with a sand pit.

SOME OF THE KEY HIGHLIGHTS

•  The standard going into the new year along these lines will be less dispatches yet not as infertile as 2017 had ended up being.
• In the post-RERA period, developers are concentrating on executing under-development extends inside the stipulated courses of events.
• New dispatches or project launches are probably going to be limited, and unsold units will decay encourage in 2018.

At present market scenario the residential market segment is seeing soundness & stability. While it is still too soon to determine whether these new dispatches are characteristic of a restoration in the market, there has been some change in energy and this is relied upon to proceed in the months ahead. Whatever we may state, the general supply won't be of the size and scale that this industry had been utilized to. On the off chance that at all new supply comes, it will come more in the moderate fragment since showcase is as yet having a sensible measure of unsold stock at different stages in every one of the urban areas. So it will require its own particular investment

UNIQUE DIGITAL IDS FOR RESIDENTIAL HOMES IN BANGALORE. WHO WILL BE BENEFITED WITH THIS INITIATIVE?

Innovation is a boon and this holds true when we talk about the Real Estate business in Bangalore. BBMP or the Bruhat Bengaluru Mahanagara Palike, in 2013, had launched GIS or Geographic Information System based PID or Property Identification number project that will store information regarding ward numbers, street numbers and property numbers as well.

Towards this initiative, almost every street in Bangalore has now been given a unique identification number. It is estimated that around 93000 roads has been allotted the unique identification number. 

Another big step towards this is the allocation of Digital Identification Number to all the houses and apartments as well as properties existing in Bangalore. If interested to invest or buy a world class residential property Sumadhura Eden Garden in Whitefield Bangalore is waiting for you. It is estimated that almost 20 Lac properties have been allotted this number, irrespective of the fact, whether it is occupied or vacant. In this regard, BBMP has divided the city into three zones – Micro grids, Sub grids and Main grids. A micro grid ranges square metres of 10x10, a sub grid ranges square metres of 200x200 and the main grid ranges to around 1 square kilometre.

                       

   

Of course, these unique digital ids for residential homes in Bangalore come with certain benefits for the residents as mentioned below:

•  Locating a house will now become far easier with this method in the Google maps.
•  A mobile application has also been developed by BBMP that can help navigate to any house using the Unique Identification Number allotted to that particular house. This number is a combination of alphabets and numbers with a total of nine digits.
• As per the reports, the seven digit Identification number will eventually replace the age-old conventional address format.
• Even if the ownership of the house changes, this identification number will remain the same.
• This will also make app-based services such as online food delivery, courier service, app-based cab services more convenient and faster. Just by inputting the number, one will get latitudinal and longitudinal co-ordinate points.
•  Residents can acquire this identification number also known as DiGi-7 number by calling BBMP’s call centre or by sending an SMS to BBMP.
• Residents can share their property numbers through SMS, WhatsApp or other similar applications.
•  This system will also help in incorporating services required for basic day to day living such as electricity supply, water supply, etc.
• A cloud based system will be set up to store these information's and ensuring a stress free access for collection of information during the survey.

This system will definitely ease out things for the residents of Bangalore in lot many ways. The government also plans to bring tier-2 cities under this project later in the project stage. While this sounds to be a smart move to make Bangalore a smart city in all its essence, a proper planning and monitoring is also what is required the most. The sudden uncontrolled growth of the city makes it difficult to navigate across the streets and locate the exact address. In such a circumstance, if this project is implemented well, it can make wonders.

IS IT BETTER TO BUY A PLOT OR A FLAT AND CONSTRUCT A HOUSE IN BANGALORE?

Bangalore is an upcoming metropolitan city improving with time. It has a good system of connectivity, all top notch amenities and rapidly developing and expanding commercial area! So naturally, many millennial and older generations alike are flocking to this mega city to find their own place to live. However is it better to live on rent or to buy a plot or property in Bangalore?

We will let the following salient points decide it.

The pros for buying a plot or flat and constructing a house in Bangalore:-

• Presence of computerized RTC helps to keep good track of your property and lets you know all the extensive details without any hidden costs.

                   

• Real estate is practically booming in this cyber city. Starting from condos to small apartments to villas, you are literally spoilt for choice. The ever-expanding city has also quite a lot of plot vacant and available just waiting for you to construct your dream house!
• Labour is not a problem in Bangalore and developers and contractors are usually scrupulous enough to finish your projects with little or no delay.
• The Central Business District and the Whitefield's and Bannerghatta area are prime locations  where there is a lot of commercial presence and has good connectivity with all important districts. And there is a tonne of property available here too in which  Sumadhura Eden Garden is one of them affordable apartments.

                                        

•  Bangalore is a relatively safe city and there has been increased police vigilance to help in maintaining the safety of women and other citizens as well as maintaining the sanctity of the houses.
• All kinds of local suppliers and handymen are available in just a stone’s throw away no matter what district you choose to be in. 
• Bangalore is a hot and happening city with a lot of five-star restaurants, clubs, malls, gardens and amusement parks so no need to worry about ever having a dull evening there!
• There is a multitude of property available by all well-known developers and construction group post the recent depression in the real estate market last year! Now it is steadily climbing and people are buying up property cautiously but steadily!
• Garbage segregation and collection is done at a regular interval and efforts are taken to keep the city clean.

Cons of having a flat or house in Bangalore:-

•  Despite good connectivity, congestion is a major problem in Bangalore, Traffic gets invariably clogged at all important hours and takes a lot of time to clear.
• Public transport is expensive in Bangalore.
•  Due to the high demand for flats, the city is starting to become a little overcrowded due to unplanned growth.
• If you do not know the local language, you may have some problems connecting or communicating with the local people. They do not prefer Hindi much, Its either Kannada or English.

 However, despite all drawbacks, settling down in Bangalore does sound like a great lucrative option and has a lot of benefits.  It is a relatively peaceful city with lots of opportunities awaiting and right now there will be a lot of offers available! So what are you waiting for? Go ahead to make the best deal of your lives!

Bitcoin’s future in real estate

The bitcoin technology has filtered into the markets and has spread across the world, and is almost replacing regular currency. The chief aspects of bitcoin are that is cannot be controlled by a central bank, and hence people’s money remain their own. The real estate sector is now worried and is actually speculating if real estate is going to shift from actual money and move to bitcoin in terms of transactions. Despite having a great market launch of bitcoin, most people do not have an idea about the mechanisms of how it works. Here’s the set of know-how’s.

In October 2013, a builder and developer Phillip made an announcement stating that he would accept bitcoins for his $800000 home. This was constantly propagated in the media as a business strategy to attract international buyers. In layman’s language, Bitcoin is a form of digital money or cryptocurrency. There are no currencies of physical existence- only public and private keys that are safeguarded. The public key is the bank account, and the private key is the ATM.

Till date, property can be bought with Bitcoin. But just as credit cards received stigma in the beginning, similarly bitcoin has received a stigma too. It won’t be long before people understand how it works, and the entire world will become cashless. Visa abstract was the first title company to have accepted bitcoin, because of the market demands.But real estate is less risky than bitcoin's.

Is there concern and worry for home buyers?

But all of this is of a distant future, for now, bitcoin investment As long as there are other currencies which are physical in nature, there is no need for worry at all. Bitcoin might be an upcoming wave, and most people may have different opinions about its existence, the good news is that the buying, selling, and other transactions of real estate are safe. But to be called a wizard in investment, one needs to understand all the three aspects: bitcoin, real estate and of course block-chain technology. Not understanding any one of these technologies will of course make the entire process of investment hazy and unclear. As an investor, or a guide, one should completely analyze the risks involved in all of the three.So before investing your money analyze everything and if interested to invest in Real Estate then Peninsula Heights - Luxury apartments in JP Nagar, Bangalore. Contact for more details.

The inter-applications and of course the final implications is not returning very stable returns, making people opt out of investing into this currency. People are still more inclined to investing in real estate properties, and of course with real money and not virtual money. Of course the prospect of uncontrolled money is interesting, but it also means that the rate of crimes will soon shoot up as the money would be untraceable.     

Are home sales up or down? Is it a good time to buy?

Homes are the biggest investment and purchase that people do in their lifetimes, and they usually falter and make mistakes of great magnitude in this step. A lot of back research needs to be done in this sector, and only then calculated moves should be made. The help of a professional real estate agent is always recommended. For now, the home loan rates have come down, the property prices have more or less coagulated, and the Real estate regulation and development activity has promised to look after the frauds.

Different people have different opinions about this scenario, and the real estate developers, property agents, and the housing finance companies have to say that this is the best time to invest in a home. Although, research of market talks completely differently and has a different take on the matter.

Research and scenario: 

The research states that in about all major cities, the prices of home rose exponentially over the last few years. In Kolkata and Delhi, property prices, on the other hand, have come down after 2014. This is but of course a much-generalized statement, and there is no guarantee that the entire real estate market has seen a fall in prices. This is but of course a trend observed in the market.

While the prices have come down in certain places, a lot of places have seen a steep increase in the rates, making the scenario uncomfortable. Since the last few years, there has been a consistent change in the property trends, and GST and RERA have brought about this change. It is mandatory now for all projects to register under the RERA, and not doing so will lead to criminalization of the builder. Now, RERA will protect the consumers from the unscrupulous builders and help in the overall growth of the property. It will be impossible for the temporary builders to stay in the market because of the new policies that have been introduced: making this year a good year to start off with home investments. Peninsula Heights - A Pre - Launch Residential Project in JP Nagar, Bangalore is waiting for you. Invest now and get early bird offers.

Buyers’ market: 

There has been recently a large amount of supply in the real estate business, along with a drop in consumption, making the situation favorable for the buyers. But this state won’t remain for long if the buyers do not act soon and grab their opportunities fast. Now with the real estate authorities in the market, the builders have to make sure that their project is completed on time, and thus new launches of home have come down by at least 75% in all the major cities, making the supply low. The supply of houses will slowly come down and equate with the demand, making the situation tense and out of control for the buyers.

In the present ecosystem, buyers have a good chance of investing into the property and making the most out of it, since this low a price won’t remain in the market for long. This is when the opportunities need to be grabbed.