Beach House Investment: Financials That It Entails

Weekend homes also called as second homes or vacation homes are currently an oasis of market activity in India’s real estate sector. The trend that is really catching on, nowadays, is investing in a property near the beach—your very own beach home that is also a source of regular cash flow. A beach home should be ideally bought after one’s primary home is secured. If the first home is debt free and one has sufficient reserves, then investing in a bungalow on the beach makes perfect sense.

Beach House Investment: Financials That It Entails

Beach House Investment: Financials That It Entails

Buying a beach home can be a good investment providing you with a regular source of income in the form of rent and also a place for spending vacation on the beach free of cost whenever you desire. Many real estate investors find a beach home in an area which is highly visited and with a high rental demand. The investor can make ample money to cover the expenses for the year. It gives an added benefit to the owner who can use it for free during the slack season. [Read more…]

How to ‘Mix & Match’ Old Artworks and Antiques in a Modern Theme Décor

One of the biggest misconceptions about interior design is that a room has to be a particular style, either vintage or modern or contemporary or antique. But in reality rooms filled with a mix of old and new pieces are often the most livable. Get a little innovative and you will be successful in marrying the old and the new, with a wee bit of imagination and experimentation.

How to ‘Mix & Match’ Old Artworks and Antiques in a Modern Theme Décor

How to ‘Mix & Match’ Old Artworks and Antiques in a Modern Theme Décor

Match the old and the new-

Marrying your old furniture with new contemporary pieces looks really attractive if done properly. How about using an assortment of old chairs around your contemporary table or placing a modern lamp on an old antique side table? This contrast of old and new draws attention to the individuality of each piece. And yes, vintage look gives that aged lived-in quality and warmth that new items don’t. [Read more…]

All You Need To Know About Capital Gains Tax

What is capital gain? This is a crucial question which every layman wants answered. A capital gain is the profit that the investor earns when he sells his capital assets at a higher price than the purchase price. The transfer of the capital asset must be made in the previous year and this is taxable under the heading ‘capital gains’. So there must be a capital asset, transfer of the capital asset and profits or gains arising from the transfer. For example, when you transfer your property to someone else in the form of sales and earn a profit, it is known as capital gains.

All You Need To Know About Capital Gains Tax

All You Need To Know About Capital Gains Tax

Capital Gains include any property held by the assesse except the following-

  • Stock in trade

  • Agricultural land and other forms of real estate

  • Gold bonds, National Defence Gold Bonds and Special Bearer Bonds

  • Gold Deposit Bonds under gold deposit scheme

  • Personal effects that is movable except jewelry, sculpted art works.

[Read more…]

PMAY: Govt Announces Interest Subsidy on Home Loan; EMI to be Reduced by Rs 2,000

Post-demonetization benefits are coming to the people in different forms. As per a recent announcement, the government is offering 3-4% interest subsidy onhome loan of Rs 9 lacs to 12 lacs, which will reduce the EMI by Rs 2,000 approximately. You can avail this benefit if you are buying a new property in an area that comes under Pradhan Mantri Awas Yojna (PMAY); your annual household income needs to be in the range of 12-18 lacs.

PMAY: Govt Announces Interest Subsidy on Home Loan; EMI to be Reduced by Rs 2,000

PMAY: Govt Announces Interest Subsidy on Home Loan; EMI to be Reduced by Rs 2,000

This is a step to encourage middle-class people in urban areas to buy their dream home. The benefits can be availed by families comprising of wife, husband and unmarried children as well as by the unmarried and earning young adults who want to buy their first-home in an urban location. [Read more…]

Financial Goals Every Couple Must Set

It is never too late to set new goals. If you want to understand what went wrong in the past and how to rectify your mistakes in the future, this is the right time to set up your financial goals along with your partner. Everybody has dreams and desires, and to fulfill them you need to set goals. You then have a set path along which you can go to realize these dreams and turn them into reality. Your dreams/wishes need an action plan behind them – something that spells how you can convert your dreams into something real.

Financial Goals Every Couple Must Set

Financial Goals Every Couple Must Set

This is especially important when it comes to financial goals. Since they require regular investments of money and lots of effort over a long period of time, you and your partner need a workable plan to bring them into reality. Merging finances as a couple will bear fruitful results in the near future. It is important that you as a couple have to be on the same page where your finances are concerned. One cannot be a miser while the other paints the town red.

Here are some tips which a couple can use to set their goals right so that every move is crystal clear. [Read more…]

Benefits of Investing In Real Estate Private Equity Funds

No business can run without funds. However, funds are obliged to pay the interest on borrowed money which will come from a flourishing business. To circumvent the heavy risks of taking debt, the concept of equity has evolved which permits shareholders as legal proportionate firm holders. Stake holders provide the funds, thus enabling the operations. The property sector typically involves enterprises that are capital intensive.

Benefits of Investing In Real Estate Private Equity Funds

Benefits of Investing In Real Estate Private Equity Funds

Real estate is one of the most popular investment options for majority of Indian households, usually done by investing in residential apartments or residential plots. Like gold real estate has been regarded as a safe investment. Over the past few years, structured and formal routes in real estate have increased which is primarily a structured deal via subscription to Non-Convertible Debentures [NCD]/ Optionally Convertible Debentures [OCDs] by the SPV developing a project. [Read more…]

Courtyards: The Soul of Traditional Indian Architecture

Courtyards are to traditional Indian homes what a soul is to a human body. An inseparable part of our olden homes, a courtyard goes by many names and boasts of many benefits. Although, dryly described as an enclosed space which is open to the sky and surrounded by a structure, when we ponder upon Indian architecture, we find a courtyard is really a world of its own within a home.

Starting out around 6500-6000 BC in the era of the Indus Valley Civilization, Indian courtyards have surely come a long way. Molded in accordance to its locale’s climate and culture, the mythology of a courtyard changes as it travels across India. Below we briefly discuss various aspects of Indian courtyards and their impact on our homes.

Courtyards: The Soul of Traditional Indian Architecture

Courtyards: The Soul of Traditional Indian Architecture

A Cultural Place

To list, Britain, Egypt, China, Iran, Spain, Italy, Russia, Japan and India is to name just a few countries where traditional homes have courtyards. It seems courtyards are in the human civilization’s DNA and they have evolved uniquely the world over by absorbing the defining qualities of their regions. By putting the traditional Indian courtyards in the spotlight, we discover that they have performed many different roles in our residences such as being the home of the sacred Tulsi (Basil) and a place of worship, to being a venue for a family marriage, gathering or a festival, to being a site for a Havan (offering prayers to God in front of fire) and other rituals, to being a setting for a beautiful garden and home-grown fruits and vegetables etc. [Read more…]

Explaining Tax Gains from Different Property Deals

Over the years, real estate has grown as a preferred investment option. Some have inherited the property from their ancestors, while others buy and sell real estate- but when it is sold, the motive in both cases is to earn capital gains. However, irrespective of how you have acquired theproperty, when you earn capital gains, the Income Tax Act has its eyes on you.

Explaining Tax Gains from Different Property Deals

Explaining Tax Gains from Different Property Deals

So, let’s talk about different real estate transactions and the types of tax implications they entail-

Properties Inherited or Gifted

When you sell your ancestral property or one that is gifted to you by someone, you will obviously incur capital gains/loss which will be taxed, even though you might not have spent a penny on acquiring it. In case of gifts, the cost to the previous owner indexed to the year of purchase will be used as the acquisition cost of the property. [Read more…]

This Holi, Give Your Home A Colorful Décor

Holi is a big Indian festival. Transcending the boundaries of culture and religion, every year Holi unites us with our family and friends and enables us to celebrate the joys of life with full fervor. Also, Holi marks the end of winters and the beginning of spring, a reason to rejoice in its own regard for our agrarian society. As it is during all our festivals, we decorate our homes and make them a part of our celebrations too.

This Holi, Give Your Home A Colorful Décor

This Holi, Give Your Home A Colorful Décor

Below are a few tips on decorating your home this time in the colorful festival of Holi:

Embellish your Walls

This Holi, do not wait for that time of the year when you get your home painted and instead go DIY (Do it yourself!) right now by drenching your home’s walls in exuberant colors. Not only that, this time you can also try color-blocking your home’s walls by choosing two colors and painting the wall with them in a pre-decided unique pattern to give the wall an innovative mix. Moreover, the walls can also be decorated with wall-hangings, paintings, floral wall papers, framed pictures and fashioned patterns to elevate their festive factor up by quite a few notches. [Read more…]

Smart Shelving Ideas for Your Living Room

Does your living room need an overhaul? Have you lost that loving feeling for your living room? Chances are it does not have enough storage space. Keep your living room clutter free with storage that is handsome and handy. Some of the ideas below will help you to get that relaxing vibe again and help you remove or organize the unappealing clutter.

Smart Shelving Ideas for Your Living Room

Smart Shelving Ideas for Your Living Room

Fill a wall with shelves

Smart shelves provide a combination of storage space for DVDs and books, as well as surfaces that can be used to display photographs and accessories. Breaking shelves into areas makes sure that they don’t overwhelm the space. Paint the back of a shelving unit in a bright stand-out color so that your wall of books becomes the focal point of your living room. [Read more…]