Showing posts with label Affordable house. Show all posts
Showing posts with label Affordable house. Show all posts

Thursday, July 2, 2020

Affordable Interior Decoration Ideas For Your Apartment


Buying your home in a vibrant city is like a dream come true. But as an amateur, turning your empty house into an inviting place can be misleading. You may have a rough idea of ​​what you want in your first apartment, but your wallet may not support your vision. Also, as you get limited space in an apartment, you may not fit into everything you wanted. While decorating your first apartment, you need to focus on meeting your essential needs while maintaining a decent attitude. As you have to stay indoors for the rest of your life, make sure that its decorative accents reflect your taste and personality. In this write-up, we have shared some simple tips for decorating your apartment.

1) Invest in multi-functional furniture units


As apartment spaces are limited, instead of decorating your home with bulky, luxurious furniture units, you should buy multifunctional fixtures. Furniture such as sofas-cum-beds, diwan beds, and coffee table cum bookshelves help you create a clutter-free minimalist interior. The practice of matching pieces of furniture for the living room and bedroom is more; you can also try odd pieces. But whatever furniture you choose should go well with the overall interior plan.

2) Opt for neutral wall colors


Instead of painting your home in dark and bright colors, you should paint the walls in a neutral shade, such as off-white, light pink, sky blue, or light green. The light colors of the wall paint reflect more light in the room and go well with both modern and traditional furniture units. In addition, it produces a more energetic feel.

3) Use vertical space smartly


When it comes to decorating a small apartment, the sky is the limit. But make sure you use the space properly. You should focus on creating a more functional space while maintaining a clutter-free approach. To give your apartment a minimalistic and clutter-free look, you should focus on using more vertical space and less floor area.

4) Use mirrors smartly


Hanging a mirror and using mirrored accessories is a great way to create a feeling of greater spaciousness. In addition, mirrors can be used excellently to diffuse more daylight in the home and create a luxurious aura. They are an excellent accessory for the dining room, living room and bedroom.

5) Option to look green, nature friendly


The main purpose of creating a green interior is to improve indoor air quality. According to Vastu Shastra, the color green is considered to invite balance and harmony in the house. To achieve this, you must use hardwood furniture as they last for years and also feel fresh. Also, avoid plastic and synthetic things at home. Instead of using synthetic carpets, use cotton carpets. Also, try to keep everything from curtains to walls, ceilings, green or blue curtains. Also, instead of placing miniature sculptures for decoration, you should choose indoor plants.

Tuesday, May 19, 2020

Affordable Rental Housing For Migrant, Finance Minister Gives Push to Urban Poor


To relieve the real estate sector of some tension, Finance Minister Nirmala Sitharaman said that the government was extending a one-year extension to the CLSS or Credit Linked Subsidy Scheme which started in 2017 and ended on March 31, 2020. Until March 2021. This will help boost the demand for affordable housing.

The extension of the credit link subsidy scheme for a year will encourage many potential house buyers to buy houses, thereby increasing demand for affordable housing. There is currently a lot of untold inventory in the industry.

The mega-move will also help in maintaining employment as real estate is one of the largest labor intensive industries supporting around 200 allied industries. The proposed affordable rental accommodation under PPP is a welcome step. This will effectively help the issues of majority migrant laborers. Most of these urban poor live in miserable condition

Industry experts believe that the government's move to affordable housing in the last six years has been a great step forward. Its 'Housing for All by 2022' project has resulted in many soaps and incentives. In the last few years there has been a significant increase in buyer activities in the affordable segment.

Allowing new units and players to enter the affordable housing segment to build these rented dwellings, allowing manufacturing units and industries to take concessions and follow the same BOT model as road projects will do.

Thursday, November 14, 2019

Builders can get 10 years tax exemption on rental profit tax on rental housing


According to the Income Tax Act in India, income from property is considered taxable. This tax is levied on income derived from a commercial, residential or industrial property. If income is received from a property, the owner of the property is required to pay tax on the actual income as well as the rental tax received from the property. Deemed rentals are analyzed by estimating the potential income that a property can achieve keeping in mind the parameters and dynamics of the market.


Rental Houses Tax on Property Income

Income from self-occupied property is deemed to be income from rented property and vacant property i.e other than self-occupied house, is taxable under the section "Income from property". The taxpayer is required to pay tax on the "annual taxable value" of the property, which is calculated after adjusting the deduction under section 24 from the Net Annual Value (NAV) of the property.

Tax waiver of 10-years

In lieu of the decline and slowdown in investment in the real estate sector, the Finance Ministry is open to considering a 10-year tax waiver for real estate developers on the gains from rental housing. This can be detrimental to supporting revived investments and subsequently promoting a slowing economy.

Pleading by Real Estate Industry

To address this issue, real estate developers have been directed by the ministry to make suggestions to address the challenges faced by the industry. In addition, developers have been asked to present a rental business model where deductions are reimbursed and exempted from taxes for a period of 10 years. The real estate industry has long been demanding that the government take steps to rectify liquidity shortages due to lack of funds from banks and NBFCs.

Current GST Waivers

Earlier in 2019, the GST Council dropped GST on sluggish housing to 1% on affordable housing and GST on 8% (without input tax credit) on under-construction houses to boost sluggish demand. In real estate. In addition, for ongoing residential projects, builders have the option to choose between the old GST and the new GST to facilitate input tax credit issues.

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