NICE Ring Road: An emerging commercial hub in Bangalore

Commonly known Nandi Infrastructure Corridor Enterprises Road or NICE Ring Road is a 4 to 6 lane private expressway that joins two major cities of Karnataka i.e. Bengaluru and Mysuru. The Ring road is also officially called as Bengaluru–Mysuru Infrastructure Corridor (BMIC) and is a combination of the Peripheral road (41 km), an Expressway (12 km) and a Link Road (9.1 km).

Bangalore-Mysore-road

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In the last few years, many infrastructural developments have improved the commercial realty market of this region with many MNCs and IT/ITes companies shifting their base here.

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Importance of Stamp Duty in Relation with Income Tax

A property seller and buyer both have to face the income tax implications if there is a difference between the property selling/buying value and the ready reckoner value of a property as this cost directly reflects on the stamp duty charges. Remember that ready reckoner rate commonly termed as RRR is a term defined for circle rate. In India, a person is required to pay the stamp duty charges to the Government at the time of buying a property. So, in this blog post, we help you know the importance of stamp duty in relevance with income tax.

Stamp Duty

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1. What is Stamp Duty?

Stamp duty is an indirect tax levied by the State Government on the property deal which includes buyer and the seller or even more parties within the state’s jurisdiction. Many Indian states also offer a rebate in the stamp duty charges for women home buyers like the national capital Delhi, its neighboring state Haryana and Rajasthan charge 1% or 2% less stamp duty in comparison to the male home buyers.

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Know 3 key facts before transferring home loan balance

In today’s flexible financial landscape, buying a dream home with the help of Home loan is not a difficult task with many options available with banks. But with increasing interest rates in the past few years, the borrowed amount becomes significantly large with each passing day. At such point of time, transferring the home loan from one bank to another that offers a lower interest rate proves to be fruitful.

Home Loan Transfer

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A Home Loan Balance Transfer helps an individual in reducing the burden of High EMIs by transferring the outstanding loan to other banks with the lower interest rate. A loan borrower can get additional top-up loans, and enjoy features such as Flexi Hybrid Home Loan, pre-payment facility, and nil foreclosure charges which vary from bank to bank.

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YEIDA announces scheme for sale of over 1000 plots near Jewar Airport

The Yamuna Expressway Industrial Development Authority (YEIDA) has announced the launch of a new scheme on October 9 under which they will be selling over 1000 plots near Jewar Airport. The plots will be available in various configuration and buyers will get the allotment after two years.

YEIDA announces scheme for sale of over 1000 plots near Jewar Airport

Img : yamunaexpresswayauthority

As per the authority officials, interested buyers can apply online for the scheme from October 11, while the brochures will be available from October 15. The plots will range between 120 and 500 square meters and they will be located in sectors 18, 19, 20, 22A, 22C and 22D.

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Jewar airport: Land acquisition process expected to start by October-end

After receiving the consent of more than 70% farmers for the land acquisition of Jewar Airport, the Gautam Budh Nagar administration is now working on the proposal for the same of the proposed Jewar international airport project which will be prepared by this week. According to the authority officials, the UP government is expected to start the acquisition process by the end of October.

Jewar Airport

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A senior authority official has revealed that currently they are preparing the proposal for the acquisition and as per the procedure; the process will begin after UP chief minister Yogi Adityanath approves the social impact assessment (SIA) report.

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GNIDA to allot over 1,200 flats; launches new housing scheme in Greater Noida

The Greater Noida Industrial Development Authority (GNIDA) is all set to allot over 1200 ready to move flats in the two sectors of Greater Noida from October 10. The new housing scheme will offer multi-storey apartments, located in Sector 12 and Omicron 1. The announcement has been made keeping in mind the festive season which is going to start from Wednesday.

GNIDA to allot over 1,200 flats

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According to the scheme, the Authority will offer possession of 1, 246 housing units of various configurations i.e. 1-BHK, 2-BHK and 3-BHK flats with modern amenities. All the information about the scheme will be made available on the GNIDA website.

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Real Estate Hotspot: Properties in Virar attracts affordable home buyers of Mumbai

A thriving part of the Mumbai Metropolitan Region (MMR), properties in Virar are on upswing currently due to its tourism and construction of many residential projects. Many Mumbaikars who are looking for affordable homes are eying this region of Mumbai and have migrated to become a proud owner of their own home.

Properties in Virar attracts affordable home buyers of Mumbai

Take a look at various factors that have made Virar a realty hub in Mumbai:

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Investors Clinic backs Fitness League, promotes healthy living

After creating waves in the real estate market of India, leading real estate firm Investors clinic has associated themselves with a one-of-its-kind reality show-India Fitness League, with an aim to promote healthy living among masses.

IFL

The League has already started from the first week of September and is airing on Dsports on Saturdays at primetime slots.

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5-Points to Know Your Loan Availability

Getting home loan sanctioned is a must thing as you the aspiring home buyer requires financial funding to buy a abode. But, before getting the loan sanctioned the applicant is required to submit the loan application form which is assessed by the lender and the lending institution is the one who lets you know the exact loan amount that an aspiring home buyer can avail. So, keep in mind the below-mentioned points and increase the chance to avail the maximum amount of a home loan:

Loan Availability

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Know Why Corporate Housing is a Smart Investment Option for Landlords

Here is a reason to smile for those owning a second home or looking to invest in property. As, the new word spreading in the property market is Corporate Housing. This offers you a chance to earn good returns in terms of rent and also keeps your property in a well-maintained condition. So, scroll down the page and learn about the concept and benefits of Corporate Housing:

Corporate Housing Investment Options

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