i-ville at Jagatpura: An epitome of luxurious living.

Posted on March 1, 2016 by Anukampa

i-ville @ Jagatpura: An epitome of luxurious living.

Jaipur, renowned over the world for its architecture and town planning is basically a traditional town with small population and flourishing business was until few years back was cramped into constrictions of ramparts of old city. With the passage of time and its proximity to National Capital initiated a surge in population of city and resultantly the walled city got over-crowded and people had to look for other options to set up their habitats.

The southern stretch of any city is considered to be more posh then the stretches in other direction and Jagatpura is one such location. Situated on the South-Eastern tip of Jaipur, Jagatpura with its own railway station where some passing trains halt and more are in the offing for a halt is in proximity to Sanganer International Airport. Jagatpura has many reputed Universities and Colleges to its credit. It is also site for two Medic Cities promoted by Reliance group and Bombay Hospital. Apart from being an educational and medical hub, Jagatpura with sound and developed infrastructure has attracted many housing projects of repute. Jagatpura is a location having high class urban facilities with rustic surroundings. It is one of the green lungs of Jaipur

It is here that Anukampa Group, one of the pioneer Real-estate groups of Jaipur has launched its new high end residential project, i-ville with loads of features which makes it a inevitable buy for people looking for a serene environment coupled with world class features. It is located opposite to NRI Colony. A housing agglomeration of 175 units in G+9 structure , i-ville, has Studio, 1 BHK, and 2 BHK flats sized at 427.64 sq. Ft., 699.71 sq. Ft. and 1048 sq. Ft. respectively.

The pre Launch Price will be Rs. 3300 per sq ft. with Rs. 25000 as LPG charges. There will be one time Maintenance deposit of Rs. 250 per sq. ft. along with Electric Substation charge of Rs.60 per sq. ft. PLC charges will be 10% on pool facing and garden facing flats to be charged on BSP. If opting for fully furnished flat, an additional Rs. 350 per sq. ft. will provide with 1 AC in Bedroom or Living room, Bed, Sofa, Dining Table, Geyser, LED, Microwave and Wardrobe. Fan, Tube lights, Exhaust fan and Modular Kitchen is provided in every flat. An additional Car Parking charge of Rs. 1 lakh for open parking, Rs. 1.5 lakh for basement parking and Rs. 2 lakh for stilt parking is payable.

This price offer is valid till 31^st. March 2016 or for first 50 flats whichever is earlier. So avail this attractive offer for a niche world class living in the healthy and green environs of Jagatpura created by ever dependable Anukampa Group.

Tax benefits on home loan

Posted on February 22, 2016 by Anukampa

Few years back, people with moderate income, either inherited a home which was built by their predecessors or if they planned to build a house it was only when they got their annuity amount or got substantial money as an inheritance. The tax incidence on construction of a house was too high and there were not enough tax benefits attached to the same. Middle class people only day-dreamt about owning a proper house, it was the prerogative of rich or well off people to get a house constructed for themselves and their family.

The scenario changed with the liberalisation of Indian economy and housing was shortlisted as one of the thrust sector for revival of economy and accordingly required measures were taken to push up the things for housing sector. Apart from easing of home-loan process and interest rates, one of the push-ups to the housing sector given by Government was benefits in regard to Income-Tax. Here we shall give a short synopsis of few deductions to be claimed in regard to home loan:

Paid Interest will be treated as loss: The interest component of the EMI’s paid for the home loan will be treated as loss to the assessed and accordingly will be deducted from his income. This deduction will be effected from the year in which the construction of the home is complete. A maximum deduction of Rs. 2 Lakh can be claimed in regard to home loan for the home used as own residence and if the property is rented then entire interest amount for the year shall be deducted.

Is deduction available on principal repayment? : The repayment of principal amount of home loan also falls under the purview of deduction factor. The part of EMI which is repaid as Principal amount is eligible for deduction u/s. 80C of Income tax. However, a maximum amount of Rs. 1.5 Lakh will be eligible for deduction.

Even Stamp duty paid and registration charges will be eligible for deduction: Section 80C also allows the amount paid towards Stamp duty and registration charges as deduction for the year the payments were made.

Pre-construction interest is also eligible for deduction: Along with, the deduction of Interest paid with EMI’s starts with the financial year the construction is over, the deduction for pre-construction interest can be claimed from the same year. However, it shall not be more than Rs. 2 lakhs for the house used as residence, divided in five equal instalments.

Why switch Home loans with another lender?

Posted on February 12, 2016 by Anukampa

‘Home Sweet Home’ is what every one wishes to own one during life span. Owning a house can be a tedious and a life time achievement for some but it may be a regular buy for others.

Presently, it has become easier for aspirants to own a house, thanks to easy loan facility availability and easy repayment options coupled with rock-bottom interest rates. Interest rate has become the bone of contention amongst housing loan companies and banks. With stiff competitions in the offing, the beneficiary is the loan seeker who is being wooed by financial institutions with cropped interest rates, zero or very nominal processing fees or longer tenure for repayment with attractive EMIs. To expand their customer base, these institutions have resorted to customer snatching practices with offering lower interest rates and a plethora of other services. There can be many pros and cons of switching Home loans with another lender; here we shall give a level platform for both aspects:

Does loyalty pay:

Yes, it pays because the shifting client saves time and money on credit checks, authentications, revaluations, paper work and lot of other formalities besides initiating everything afresh. No, because one might miss a very attractive offer which is in the offing. It will be better to first have a tough negotiation with existing loan-giver before shifting to another one if the deal happens to be that attractive.

Time factor:

Tenure of loan is an important factor while deciding loan shift. If the existing loan is to expire in a short period, then it will not be feasible to shift as like interest time also plays an important role in cost effectiveness. Yes, it will be favourable for an aspirant who has recently started paying EMIs as switching loans to a better package will be very cost effective.

Switching costs:

Home loans when switched might become costly in comparison to the present depending on offered package. The factors of Stamp duty, processing fees, legal costs and expenses of fresh documentations should be in for consideration. Another factor up for consideration is pre-payment penalty charged by present lender. If these factors are favourable then it will be a wise decision to shift loans to another lender subject to other conditions being favourable too.

Keep an eye on CIBIL ratings:

A person who has presently taken a loan from some banking or financial institution should always keep a sharp eye on his CIBIL ratings. Generally, the worth for CIBIL ratings gains importance only when a fresh loan or loan switch is contemplated. Don’t be under an impression that CIBIL ratings will not alter once approval to loan is given and further when payment is smooth. There may be many other factors which might alter ratings. The potential lender will certainly consider CIBIL ratings while considering a switch over borrower.

Decision is yours:

A borrower of home loans is a wise person in his own esteem. He knows the benefits and inadequacies of whether to continue with present loan or switch loan to a new lender. Continuing with present lender has the benefit of acquaintance which might be of help even if there is a negative twist to CIBIL scores because, here, personal touch gets a priority over data facts. On the other hand one may rue over loss of a jackpot opportunity if the shift of loan is not affected.

Be your kid’s room designer.

Posted on February 4, 2016 by Anukampa

How do I decorate a kid’s bedroom?

When contemplating over both girls’ room and boys room ideas, consider their personality and interests – whether your child is 4 or 14, kids’ room decor should always reflect their personality. In terms of color, incorporate a favorite hue on the walls or bring in bright accents, but stick with neutral furniture that doesn’t need to be swapped out as interests change. Make sure that the furniture is appropriate for your child’s age; it also should be something that can grow with him or her.

How do I decorate a playroom?

A playroom should be very lively and inspirational, so get creative with your color and furnishings. A wall painting is a great way to incorporate playful design. Using fun furnishings, like beanbag chairs or floor cushions, and brightly colored textiles to encourage happy moods. Put up their artwork and design a space that encourages their interests. If they are big readers, consider a reading nook.

Because it is a multifunctional room, use space smartly. Install built-in cabinets and shelves for much-needed toy storage, and include a desk or worktable for homework and coloring. Divide the space into zones so that quieter kids can draw or read while more active kids can watch TV or play a musical instrument.

What kind of storage should I have for a kid’s area?

With so many toys and clothes, keeping a kid’s room clutter-free can be difficult. That’s why effective storage is key. Add built-ins if you can, but fixing shelves is great option. Use the closet’s full storage capacity – install hanging organizers, add another rod for clothing and put in accessible drawers. Kids’ rooms are inherently a creative and somewhat messy space, so don’t expect pristine conditions all the time – strategically place baskets and toy chests around the space, and encourage your child to throw items in these containers after use to quickly clear space.

How can I create a kids bedroom for multiple siblings?

If you have two kids at different ages, with varying styles, tastes and preferences sharing one space, creating a co-habitable bedroom can be difficult. The key is to give each child its own area. Split the room so that each kid has their bed and dresser on “their” side of the room. If that isn’t possible, find an arrangement that feels fair and doesn’t cloister them too close together. A bunk bed can be a great space-saver.

For both your kids
If you have a boy and girl sharing a space, don’t panic – this IS a feasible undertaking! Make sure interests of both kids are reflected equally in the kids’ room decor. Ditch the outdated idea of blue for a boy and pink for a girl, and go with what colors they actually like. You can unify a space by using the same types of furniture and pieces, but customize them through different patterns, paintings, bedding, etc. Make sure to always get the input of the kids; this should be a collaborative and fun design process!

Plan your Party!

Posted on February 4, 2016 by Anukampa

Planning a little get-together at home? We can help you to make that perfect ambience this winters that will keep you and your guests warm yet comfortable.

To begin with:

Make your table

Details like flowers on the table, lights in the trees and smartly placed trays for drinks and appetizers elevate a simple gathering to a party your guests won’t forget. Billowing drapes hung out the back door as guests enter the backyard create an impressive entrance.

Use the right crockery

An outdoor party doesn’t equal paper plates. Bring favorite plates and bowls outside to the give the space a sense of elegance. Afraid of breaking your favorite dishes? Invest in a set of white melamine dishes; they won’t break, but will still give you the chic setting you desire.

Fire up your outdoor space

Winter makes it the perfect season to light up a born fire. Make sure you have everything needed to get the fire pit going: wood, matches and of course, marshmallows, chocolate and graham crackers for smokes. String up lights and lanterns around your outdoor space to give an enchanting twinkle to any garden party. The soft glow will invite everyone to linger outside in the nighttime summer air. Line lanterns and smaller string lights around your seating area, and hang a few off tree branches for a touch of ambiance. Tip: Lighting helps define the intimate entertaining space where everyone will hang out, so use various forms of string lights and lanterns to create your party zone.

Boost the Comfort Level

Add colorful pillows on everything: benches, chairs and even grab some oversized ones for the floor. Low-lying seating could also be a good arrangement for an outdoor space. It gives the place a casual and warm feel.

Create Conversational Areas

Pull all your chairs into smaller groupings perfect for intimate conversations. Be sure to include a few tables for setting done drinks and food. If you have a terrace flat it, your job is half done. Creating a cozy place in your terrace will not be of a problem at all.

Grihapravesh…towards new beginnings.

Posted on January 25, 2016 by Anukampa

For some, this New Year has brought a lot of new beginnings in their life. January being a season of marriage has witnessed a lot of couples settling down and start a new life.

In our country, Griha Pravesh of a new home is considered to be one of the most auspicious rituals before entering into a newly built house. Once the house is ready, the family moves in on an auspicious day that is determined by the astrological charts. We congratulate everyone who has moved into their new homes.

Like marriage, for many people, owning a home is the fulfillment of their dream. As marriage showcases stability, prosperity and fertility in one’s life so does owning a house. As one moves ahead in the journey of life, having a stable home is an obvious need.

On this note it is very important for a newly wed couple to own a house that is built with the pillars of love and affection. Another benefit of owning a home is that it gives you complete control and freedom. You get the complete freedom of choosing which things to be placed where. Which wall to be hammered. And of course, it saves you from the hassle of shifting from one apartment to another. Considering the future aspect, your children will have a more secure surrounding to grow and cherish fond memories in their own home.

When starting a new family, the feeling of owning a home is a feeling of pride. It helps you in bringing steadiness in terms of giving security, luxury and comfort to you and your family desired for.

Therefore, in this phase of life when starting afresh, owning a home can play a vital role in bringing you and your family on a concrete ground.

How to apply for a Home Loan

Posted on January 14, 2016 by Anukampa

Buying a home is one of the biggest decisions you’ll take in your life. It is usually a good idea to take a home loan for a section of the payment. In the beginning, the process may look bothersome, as it involves many criteria and stages, but it is a safe and easy way to own a home.

To begin with, you’ll need to give a formal application for the home loan to your bank. The application form will requires certain basic information about you such as your income, employment, educational details, details about the property, estimated costs and current means of financing the property. Though the requirements may vary slightly from bank to bank, all banks will require supporting documents to validate your information.

The following is a list of documents you should keep handy while applying for a loan:

Income proof
Age proof
Identity proof
Address proof
Employment details
Proof of educational qualifications
Details about the property if finalised
Bank statements

In addition to this, you will need to pay a ‘processing fee’ to the bank for the home loan application. The fee varies from bank to bank and is non-refundable. It is charged as a small percentage of the total loan amount. The fees is used by the bank to start and maintain the home loan process including completing various formalities during the entire period.

Once you have submitted the required documents and paid up the processing fee, the banks will begin evaluating and processing your application for the loan, based on your requirements.

Create your own Terrace Garden

Posted on January 14, 2016 by Anukampa

Gardens always have a special place in our lifestyles. But with cities growing upwards and spaces squeezing around, it’s difficult to have a garden of your own.

But if you have a terrace or an extended balcony in your house, a private terrace garden is easy to make! Terrace gardens not only add a touch of green to your home but also give you an opportunity to conserve the environment while showcasing your creativity! Growing plants also has a therapeutic value, which helps you relax.

Where the roof is strong enough to support the weight of top soil, it’s a great idea to add a lawn. The sight of a lawn outside the living room / bedroom in a modern apartment can be very striking and at the same time, relaxing.

Alternatively, you can use other hard landscaping materials like tiles and bricks to create a landscaped area and then plant your favourite plants in pots along the landscaping.

Add some colour by planting seasonal flowering plants. You can also match the flower plantation with the interiors of the room that leads to the terrace. This garden will offer you ample opportunity to showcase your creativity.

One thing to keep in mind is the drainage system. It should be such that when you water the plants, the floor or surrounding area does not become messy.

Having a garden in an apartment also calls for some responsibility. Like, while trimming your plants, watering them or performing other beautification and maintenance works, you should not disturb neighbouring houses or spill the shreds over to another balcony or down below in the common area.

Balcony gardens with a variety of potted and submerged greenery are a quiet oasis, showing how well nature can be adapted above ground. And if you are an organic freak, you may also want to pant some vegetables and fruits in it.

So, if you have a terrace or a reasonably sized balcony, don’t let this opportunity pass, to imbibe nature into your lifestyle!

Real Estate Terminology 5

Posted on January 3, 2016 by Anukampa

We have been talking about Property Terms, giving you insight on the terminology that sometimes get difficult to comprehend. Read on further to know more such terms.

Facilities management

The co-ordination of many specialist disciplines to create the optimum working environment for staff.

Fail rent

The rent determined by a rent officer (or, on appeal, by a rent assessment committee) under a regulated tenancy and registered.

FERA

An act to regulate certain payments dealing in foreign exchange, securities, the import & export of currency and acquisition of immovable property by foreigners. Under Section 31 (1) of the Foreign Exchange Regulation Act (FERA) of 1973, it is mandatory for foreign corporations, which are not incorporated in India to obtain permission from the Reserve Bank Of India (RBI) to acquire, hold, transfer or dispose off in any manner (expect by way of lease for a period not exceeding five years) any immovable property in India.

Fire certificate

A certificate covering matters of safety required under the legislation for hotels, boarding houses, factories, offices shops and railway premises, excluding those buildings containing less than a minimum number of employees.

Fitouts

Relate to the interior permanent furnishings required in a property including HVAC ducting, fire protection system implementation, establishment of workstations and telephone/computer cabling among others, in order to make the property fit for usage.

Flatted factory

An industrial building of more than one storey, usually with two or more goods lifts, and constructed or converted for multiple occupation. The building is subdivided into small, separately occupied units which are used for manufacturing, assembly and associated storage.

Freehold

Freehold property can be defined as any estate which is “free from hold” of any entity besides the owner.

Frontage(line)

The full length of a plot of land or a building measured alongside the road on to which the plot or building fronts. In the case of contiguous buildings, individual frontages are usually measured to the middle of any parting wall.

Come back to continue reading about more Real Estate terms

Decorate your Bedroom!

Posted on December 26, 2015 by Anukampa

Whether you’ve just moved or are looking for a quick, little home pick-me-up, or perhaps something more significant, there are some well-known decor tricks that designers employ that you too can easily do with minimal effort and cost. Sometimes the smallest things make the greatest impact. Maybe you want to soften the walls, brighten your room, or add some warmth to your room. Take a look at these clever decor tips and see how they can inspire you!

1. Focus on the view-

A bedroom always feels nicer when the first thing you experience is a pleasant view out the window — as opposed to a view looking straight at the bed. If you’re designing a new bedroom or reworking an old one, try to come up with a layout that focuses on the vista — whether it’s something as stunning as a lake or as simple as your backyard.

2. Connect with the outdoors-

While this might not be feasible in all climates, connecting a room with the outdoors is a great way to make the space feel larger and admit more natural light. If your bedroom is on the ground floor, adding a set of French doors can instantly increase visual space.

3. Storage-savvy space-

In a small room, getting creative with storage solutions is key. This bed’s backrest slides up to reveal storage. On the headboard, you push in on a hinged panel to access a similar space.

4. Choose a Focal Point-

A beautiful piece of furniture becomes the focal point when angled into the room. This approach may be more efficient in your space, too.

5. Make Rest a Priority-

Your bedroom should be your retreat, a sanctuary for peaceful reading, writing, studying, as much as a resting place.