Budget 2019: 3 Main Tax Benefits For Property Owners

Today, taxpayers and property owners are quite upbeat with the updates introduced by the Interim Budget 2019. In the budget speech on February 3, 2019, Mr. Piyush Goyal proposed to exempt levy of income tax on notional rent in case of a second self-occupied property. In addition to this, there’s also a proposal of increasing the threshold of rent payment without TDS. According to the government, such a plan is essentially designed to provide relief to the small tax payers, who need to take pains while paying taxes.

Here’s a look at the three major highlights that are expected to bring benefits to the property owners.

  1. Notional Rent Exemption on Second Self-Occupied Property

So far, the taxpayers occupying more than one house have to pay tax on notional rent. Needless to say, the tax on the notional rent is quite high and it imposes undue monetary pressure on the taxpayers. You might have a second house in your native place where you don’t live but your parents live. Quite obviously, you never got the rent for that instead you continued paying the notional rent on the second property. However, with the new update, tax payers are now entitled to claim two owned houses as self-occupied, without having to pay any tax on such notional rent, provided the same is/are not let-out.

  1. Exemption On Long-Term Capital Gains

Following the new update, you can now claim the tax benefits with respect to long-term capital gains on the sale of residential house. However, a tax rebate is only possible if the indexed long-term capital gains are further invested for buying or constructing another residential house, within a stipulated period of time. The interim budget 2019 also proposes to expand this benefit to constructing or buying two residential properties. According to this, a taxpayer can claim an exemption under Section 54, provided the amount of capital gains does not exceed Rs. 2 crores.

  1. Increase in TDS Limit for Rental Income

The interim budget has also declared an increased limit for rent on which the occupant will deduct tax, before paying the rent to the landlord. However, the present limit of Rs 1.80 lakhs is increased to 2.40 lakhs, beyond which the lessee is entitled to deduct the tax.

The recent interim budget update has put the homeowners on an upbeat mode. However, the real life picture is yet to be envisaged in the following years. If you are now looking to buy any luxury flat near Airport or in any other areas of Kolkata, make sure that you get the benefits of all these updates. The direct advantage for end users today is that they can easily sell their existing homes and look to upgrade to their desired luxury property.

Now Pay Only 20% For Luxury Residences in Rajarhat! Know How!

When it comes to buying a home in a preferred location, home buyers often find it difficult. Several considerations come into play at this time. The problem turns worse even when properties are available in the affordable price range, but the buyers fail to finalize on the location. Moreover, location of a property, being one of the most important aspects, it’s important to consider it from various perspectives at the same time.

However, if you are planning to buy a 2 BHK premium apartment in Rajarhat Newtown,you can now avail that based on the subvention scheme.

So what’s subvention? Precisely, this is a usual mortgage finance structured to provide payment flexibility, so as to alleviate burden on the buyers. The term has been derived from the Latin term ‘subventus’ or “to help”.

What is Pre-EMI? How it is Related with Subvention Scheme?

Before we move into what an interest rate subvention scheme is all about, let’s probe into the concept of Pre-EMI and how it is considered to be a burden on the buyers.

To purchase an under construction property in India, one has to make regular payments on the basis of the construction progress. This payment plan is known as construction linked plan. Following the purchase agreement, the buyer has to make several frequent payments to the developers from his savings or the home loan account that he/she has. In case of the latter, the home buyer has to pay the EMI incurred per month from the loan. Quite obviously, he is paying money for the home he is not even using. This payment is called the Pre-EMI (Equated Monthly Installment).

Needless to say, such kind of pre-EMIs is no less than an unjustified burden on the taxpayers. Since the property is in a construction stage, the buyer can’t even let it out and earn rent. Purchasing a property is one of the biggest decisions in one’s life. But, before becoming the owner they have to pay rent for the house they are staying as well as the EMI accrued from the home loan.

Subvention Scheme at One Rajarhat

To help the home buyers, One Rajarhat has recently announced subvention on their luxury apartment at Rajarhat. According to this, home buyers are required to pay only 20% of the entire property price at the time of booking and avail the rest of the amount from bank as home loan. Right from that time till the project completion, the EMI of the bank will be paid by the developers and the homeowners will start paying the EMI, post possession.

With that said, it’s undeniable that a subvention scheme is basically a win-win for buyers, real estate developer and banks alike. For a buyer, an interest discount is certainly a help, especially when he is going to make such a huge investment. On the other hand, banks as well as the developers are going to get more business in tough markets due to the subsidized interests.

5 Exclusive Ideas to Inspire You For an Exotic Dining Decor

Mealtimes are always special. It’s the time when every member of the family gathers at a place and enjoys together. Hence, your dining space should certainly be a cosy haven where the entire family can rejoice together. A neat, clutter free, decorated arena makes your dining moments even more pleasant. Here’s how you can notch up an inspiring dining arena with exotic decor.

  1. A Stunning Ceiling

A stunning ceiling can jazz up the entire space. Opt for some architectural detailing or paint a unique design (you can try painting different shades across the ceiling for maximum effect) to accomplish the decor goal. If you are looking for an Old World-inspired ceiling, the custom rustic beams and artwork in muted primary hues would be the ideal option.

  1. Illuminated surrounding

An effective lighting can do the wonders. Hence, interior designers always focus on optimum lighting to bring out the best of the decor drama. For a spectacular dining space, you can invest in eye-catching chandeliers and LED strips. Dress up this contemporary space with a glamorous chandelier. You can also perk up the artifacts with strip lights.

  1. Vibrant Curtains

While a big dining table with appropriate lighting becomes the showstopper in most cases, curtains play a significant role in adding that extra pizzazz in your dining space. Opt for floral prints or sheer curtains for a creative flair in the space. Also, incorporate some playful window treatments to breathe life into the space.

  1. Brilliant Hues

Vibrant hues are always a lure when it comes to interior decoration. According to Mrs. Pakhija, the proud owner of a 2 BHK apartment in Rajarhat, you can create a bold statement with eclectic seating arrangement in predominant colours such as pink and green. The bright, patterned draperies, contrasted with enameled walnut credenza celebrate the grace of the dining space while notching up the decor story.

  1. Notch Up the Cosiness

The entire dining space should give you a cosy impression. Dress the space to add elegance and warmth. An ornate area rug can serve you the ideal decor solution. You can also incorporate hand-painted wallpaper, floor-to-ceiling draperies and intricate China cabinet for an extra pizzazz.

When it comes to a dining room decor, elegance should be your prime concern. Make sure that you are taking cues out of these ideas and craft out something really unique and pleasant.

5 Interior Decoration Ideas From The Experts

Some people have a natural eye for design but most of us don’t. In spite of having an affinity for sophisticated interiors, most of the times we fall short to accomplish our ideas. A consultation with the professionals is helpful but the expectation does not always meet the reality. We present some easy yet chic interior decor trends that are easy to work with, without much of professional intervention.

Here’s a look at the five major trends which are being incorporated in one of our client’s premium residential flat near Airport. From flamboyant wallpapers to patterned ceiling decor, she has embraced everything in the right amount, so as to bring out the exuberance of the decor drama.

  1. Establish a Colour Scheme

Selecting the perfect colour scheme plays a major role in any decoration. The first step for a perfect head-to-toe makeover is creating a palette. If you are a novice, you can try out the basic colour scheme in pastel shades for the entire house. Since the pastel shades are soothing to the eyes, any decor items from picture frame to wall decor, light fixtures and artefacts will appear bright and animated. You can also go for textured surface, if you think the walls are looking too ordinary.

  1. Play with Textiles

This is one of the most important segments, which we tend to overlook. Most of the times, the textile and the colour scheme are a complete mismatch. So, always remember that a perfect selection does the trick. For a home covered mostly with neutral colours, you can think of multicoloured textiles to give a different feel in the space. While planning the outdoor textiles, opt for something in jute. Natural materials and bright tones are always chic, but right application is important.

  1. Mirrors are Essential

Mirrors are on high demand these days due to its versatility. It looks elegant and helps in making a space appear bigger. Also, it reflects the light thus making your space look bigger and brighter. Mirrored panels are elegant, but don’t just place them side by side. Large sheets of mirror are ideal for commercial space, so try a sectioned pattern in a traditional French style instead.

  1. Think of the Sofa

One may  have messy kids, but it doesn’t mean that you would avoid investing in a comfortable and a stylish sofa. Put your money in a trendy yet sturdy sofa, so that it looks sophisticated when placed at the center of your living space. Do not forget to complement the seating with a curvy center table. For an extra pizzazz, place colourful throw pillows on the sofa.

  1. Incorporate Curtains

Curtains add a luxe appeal in the most sophisticated manner. For a classic look opt for sheer drapes. You can get it customized depending on the look and feel of your living space. However, a wide variety of ready-made drapes are also available which are classy and chic.

When it comes to interior designing, we like to be ahead of the trends, but to notch up the perfect look, all that is required is your creativity. Check out these easy and achievable ideas from the experts to impart a characteristic sophistication to your living space.

What are the Safety Features to Consider in a High Rise?

Summary: This post highlights the safety features to check while residing in a high-rise building. Some of them are making a fire safety plan, arranging a meeting with management, checking alarms, taking stairs and so on. Read the post to know more.

Living in a high-rise is a dream of many as it’s a different feeling overall. It feels like you are sitting at the top of the world enjoying a bird’s-eye view. True, everyone wants to dream big and live life, kingsize but in order to live that life one needs to be very careful as well. Generally speaking those buildings that can endure the gravity loads and the possible actions of wind, earthquake, without any damage in the major structural mechanism are considered to be the safest ones. Now, when you are buying in a high-rise building, the satisfactory performance needs a very important attention. While building a high-rise structure one needs to inform the occupants about the limit state of durability and serviceability before handing over the apartment.

I can relate a familiar situation while discussing the safety features of high-rise buildings. There was a friend of mine who used to dream about investing in a high-rise building and so he bought a premium flat in Kolkata. However, he was a bit confused about the safety features which I managed to explain him, thereby, making things easy.

Here are some of the Safety Features of a High-rise Building
To be precise, safety refers to different categories like safety against vibration, cracking, deflection, fire resistance, the collapse of the building’s structural components and so on. In general, safety refers to the security against any kind of collapse like breakage or failure of the structural components and so on.

Make a Fire Safety Plan
Like the low-rise apartment building or single-family home, the high-rise dwellers too must have a home fire safety plan. Do meet with the neighbours of your floor and coordinate accordingly regarding how to evacuate during problems. Know the exit areas properly which should be marked, so that there is no problem during an emergency.

Meet With Management
Arrange a meeting with your building manager or the concerned person regarding the safety issues. This meeting would help in informing all about the evacuation procedures and fire safety feature of the building. Check whether the building you are staying has a full fire sprinkler system. Make sure, there is fire drill session arranged on a regular basis.

Check the Alarm
Ensure that the fire alarm works immediately, whenever there is an emergency. There should be dummy sessions in order to understand the real situation if ever it occurs.

Take the Stairs
If there is fire alarm ringing, never use elevators instead use the stairways to exit. You never know when the elevators would start malfunctioning, thus, pushing you in more trouble.

Hope, the above-mentioned discussion was helpful to you and will now prepare you before you opt for a high-rise building to stay.

3 Ways to Decorate your Gourmet Space

For many home makers, kitchen is a place where they spend a substantial amount of time preparing food and creating favorite moments for the entire family. After all the mealtime memories start from the kitchen; and, that’s absolutely a reason, why the gourmet space should be a place with proper ambiance that cuts your stress and at the same time encourages you to polish your culinary skills. Mrs. Sharma, the owner of a 3 BHK residential apartment near Salt lake Sector 5, believes that an appropriate decoration helps you enjoy a happy time in the kitchen. She shares some amazing ideas to spruce up every kitchen in the best way possible. Let’s check it out here.

  1. Designing a Galley Kitchen

A perfect style for a 2 and 3 BHK, galley kitchen is all about making the appropriate space utilisation of the available space. Done within a narrow space, this kind of decoration involves a proper arrangement of the counters and all kitchen appliances on both walls. These are enclosed on all four sides that tend to make it dark and clumsy. But, you can light up and achieve a cheerful vibe by using pendant or track lights on the ceilings and below the storage shelves. You can get an elongated feel of the space by adding skylights. A great way to accentuate the kitchen space is to use light colour on it. Shelving is also a great way to make the space utilisation. It also helps in keeping kitchen accessories in place, by keeping the kitchen counter clutter-free.

  1. Constructing a Kitchen Island

Kitchen islands make an apt choice for luxury apartment. The prime attraction of such design is the shelves that are designed to make the space look clutter-free. Another functional benefit of such kind of kitchen is to cook the meal and immediately serve, using the space as a dining area. While decorating your island kitchen, make use of dark wood or contrast colors of laminates on the table top to accentuate the design. To make more space for seating keep the chairs outside. Make more use of the overhead space to keep minimum appliances or accessories at the counter level. Set up channel drawers and cupboards to keep things clean, dry & organized.

  1. Crafting a U-Shaped Kitchen

In many homes, U shaped kitchens are highly in vogue. However, a U-shaped design works well if you are having the dining area mingled with the kitchen. This can be really helpful as you will not have to carry the steaming dishes all the way from the kitchen to the dining area and then serve them. Make sure that the dining table and the kitchen countertops can be matched to keep sync. However, make sure to opt for light colours to amp up the space a bit. You can also buy hi-gloss units with glazed tiles to ensure a happy note in the kitchen. Stainless steel sink and countertops are also can help to perk up the brightness of the space. Do opt for wood finishes with dark shades of colors as they help in improving the graceful designs in kitchen and the dining area.

The Prime Takeaway
The kitchen or the gourmet space should be designed so perfectly that it aptly reflects the elegance of your kitchen in every possible way. Put on a minimalist approach to make the most of your kitchen design. Keep in mind that every household story starts and ends with your very own “gourmet space”.

Benefits of having a Swimming Pool with Deck

Summary: This post highlights the benefits of having a swimming pool with deck. Apart from providing an ideal space for sunbath, you can also spend your leisure hours with your family and friends. It is said that a well maintained and polished deck can increase the aesthetic look of the entire space. To know more read the post.

Such pools come with the most cost-efficient installation giving plenty of options to get creative with stairs, deck, chairs and so on. If you are looking for an apartment in Kolkata and expecting to enjoy smart living then invest in the residential projects in Rajarhat. Stay assured to enjoy the first-class amenities and facilities in the flats of Rajarhat. Now, enjoying leisure time with family and friends will be fun. Apart from enjoying free time in the swimming pool of your flat in Rajarhat, you can explore the nearby amusement parks and other tourist attractions with your family & friends.

Now, here are the benefits of having a swimming pool with deck:

  • As discussed earlier, pools with the deck are best for taking sunbaths and spending leisure hours with family. In fact, a pool deck with a sitting and reclining area can always make the zone entertaining. It becomes a comfortable area to watch the children enjoy swimming in the pool.
  • If the surrounding of the pool decking is made of concrete by professionals having a proper textured finish will make it easy to maintain too.
  • The best thing about such decking is, with the rise in temperature, space doesn’t get too warm.
  • Pool decking increases the aesthetic look of the entire area, thus, adding to your joy some sun-drenched days spent around the swimming pool.
  • Usually, members using the swimming pool can consider their own space preferences and requirements when choosing a deck surface.
  • Every builder has their own way of designing the pools. Whether it is an in-ground or an above ground pool, simple yet beautiful spaces can be created for lounging. In fact, that space can be treated as an outdoor living area for leisure or any kind of entertainment.

So, by now, you have got a clear idea of the benefits of having a swimming pool with deck.

Advantages of Investing in a 3 BHK Living Space

Buying a house is one of the most important decisions of our life. But, at times, we get so confused about choosing a 2 BHK or 3 BHK that we often end up making a wrong decision. So, we decided to cut your confusion and to settle on the right choice, here we have a detailed guide with useful tips. But, before we go further with this discussion, we would suggest that a right decision needs a proper research and comprehensive knowledge about the real estate.

But, that’s not everything. Even after doing a proper research and arranging the finances, the dilemma between 2BHK or 3 BHK seems to bother you. Let’s discuss here, what actually should be taken into consideration while making a choice.

1. Think about the future
If you are a person, who is highly focused on safeguarding your future, invest in a 3 BHK flat. Since our home is an asset for a lifetime, it’s important to get something that serves even in our future. So, when you are buying a home, remember that your family is going to grow bigger and you need to make sure there is enough space for everyone. According to the experts’ suggestion, always think about your future when it comes to buying an apartment. If you own a 3 BHK apartment near Salt Lake, you can actually have a spacious living space and that too pretty close to your office (if you are an IT/ITeS employee).

2. Space is never an issue
There are certain times, when we have to think of managing space. With a 3 BHK home and if you are a single couple with one or two children, you already have an additional bedroom, where the guests can stay. Or, may be you need a guest room or some extra space for your kid who is growing up now and needs a study room. With a 3 BHK apartment, the problem is sorted.

3. A Competitive Pricing
People often end up making a decision of buying a 2 BHK flat considering it an affordable option. But, in consideration of various other factors you need to keep in mind that in terms of price a 3 BHK flat is not much higher than a 2 BHK home. So, if you can manage the finances and invest in a 3 BHK home it would be a wise decision. Nowadays a lot of real estate developers are coming up with smart 3 BHK apartments at quite a competitive price. Moreover, with the increasing facility in the house loan schemes, investing in a 3 BHK property is more realistic than ever before. Plus, you are getting the perks of better quality life with all the amenities at your doorstep.

A dream to buy an apartment with all the modern amenities is a dream for many. But, when it comes to choose the perfect one, we mostly sneak around the internet, friends or family to find suggestions on choosing the one that meets our needs. From this perspective, investing in a 3 BHK apartment is indeed a great decision.

Coloured Rugs Can Make Your Living Room Graceful

Despite being an IT professional, I have always been passionate about interior designing. This is why, I did not consider hiring a professional designer when we shifted to our new house. I did it all by myself and to go unique I made the best use of coloured rugs to decorate the flooring of my entire house. It’s true that rugs have always been my obsession and I have used it so many times before, but this time, it’s a bit different and way better than my previous designs. After all, it’s my new home and in no way I want to mess up with the decor goals.

Let’s take a look at how I used coloured rugs to decorate my new flat near Airport.

The large, rectangular area rug with bright reddish tinges looks amazing in the midst of my white marble floor. There’s nothing ostentatious, but the brightness of red lends it a characteristic flamboyance in every possible way. No wonder, it has brought energy to an otherwise nondescript room.

Although I have always been gripped with the idea that light colors add serenity, this time I wanted to try out something new. Thanks to the internet, where I come across a blog (I don’t remember its name however) talking about coloured rugs. Right they are! Utilizing colors on the living room floor not only changes its very appearance, but also impacts your lifestyle. Most often than not, we use bright colors for throw pillows, accent pieces and also on walls, but hardly we muster up the nerve to opt for bright coloured rugs for living rooms. But, using it properly can do wonders. If you can’t paint your walls bright, go for a perky floor and you can certainly feel the difference it makes to your living space.

These days, I am also in charge of designing one of my friend’s houses and I think I would like to go for bright emerald or a rich cocoa for her. The aim is to perk up the look for small 1 BHk flat in one of the posh locality of Kolkata. Bright oval or rectangular rugs are just perfect for such spaces. Choosing the right kind of texture as well as size of the rugs matters a lot, when it comes to design a floor. To complement the same, accurate accent decorations are also required.

Personally, I feel that an area rugs make a wonderful base for an entire decoration scheme. In case, you already have a theme in mind, finish it off with a colourful floor rug. In my living room, I have used some decorations around my red rug to add some grace. Red pillows on the dark couch and over-sized red chair on a comfortable corner of my living room accentuate the poise even more.

A red rug is certainly a bold choice, but to perk up a space that is not structurally splendid, all bright colors are most viable options. It makes your living room visually spectacular while lending it a chic flamboyance.

Glass Shutters Can Add Elegance to your Balcony

No matter how they are used, glass shutters are one of the amazing decor items that add a sheer touch of chic glamour to your interiors. With a wide range of options to choose from (transparent, luminous, stained and translucent), glass shutters & accessories bring in oodles of light inside while making any space appear bigger. So, if you are planning to install glass shutter to separate your large veranda from your living room, it’s certainly a wise decision.

Let’s see, how the glass shutters can amp up your interiors. Here’s what Mr. Naidu has done to make his 3 BHK apartment in Rajarhat just look awesome.

 Making a grand statement at the living room entrance

Elaborate and intricate work on the glass and wooden doors at the entrance to the living room make quite an amazing impression. In the apartment of Mr. Naidu, the glass door is placed to separate the balcony from the living room. The stained glass on the wooden door has lent his room a characteristic charm and made it appear quite elegant. Moreover, the arrangement is getting the room a lot of sunlight.

Providing security in an elegant way

Glass shutters are known to provide frill and function. They can be installed to cover up the decorative doorway in your balcony to save it from possible wears & tears. The shutters can be custom built to fit the exact size, shape and contour of the doorway. In Mr. Naidu’s place, the shutters are curved inward in the middle to make it look more chic. It is important to hire an interior designer to get the glass shutters aptly crafted according to your needs. You can also check out some designer shutters that can be just the perfect fit for your home.

 Pointers to keep in mind while doing a full-fledged decoration

While getting your interiors designed with glass shutters there are certain things that you should always keep in your mind.

  • To add some elegance, opt for coloured glass. Choose colours like blue, yellow, green, and neutral colors for balconies & living rooms.
  • Use beautiful chandeliers to add a zing to the area where the glass shutter is placed. The fixture should be selected in such a way that it matches the design and color palette of the room.

Glass Sliding Doors are Space Saving Addition

Since sliding doors operate without a hinge, they simply glide along a track instead of swinging open. As a result, no extra space is required for the door arc because they simply open up by one door sliding over another panel.

Glass shutters add an instant curb appeal to your existing home decor and impart it a classic timeless beauty