Nester Raga Multistorey Apartments Area Range 1424-1838 Sq.ft, Located in KR Puram, Bangalore available with 2BHK Apartments and 3BHK Apartments.
Description:
These 2,3 & 4 bedroom apartments can turn into your transition space, many things at once-lively, warm, contented and tranquil. These spaces are instinctive and fluid, allowing you to use it for multi-tasking or to mould it pretty much to serve your individual needs.
The balconies in the duplex apartments are highly privileged spots, where you can entertain your guests; cultivate the greens of your choice or retreat to be yourself.
When you step out of your home, it's nice to know that the splendor of RAGA goes beyond your front door. The project makes a strong visual statement owing to the character it derives from the vast stretch of space we have set aside for the greens, water bodies and amenities. The sprawling grounds are peppered with shade trees, shrubs and flowering plants lining pathways connecting to the swimming pool and recreation areas to create a serenity of your own personal retreat.
The balconies in the duplex apartments are highly privileged spots, where you can entertain your guests; cultivate the greens of your choice or retreat to be yourself.
When you step out of your home, it's nice to know that the splendor of RAGA goes beyond your front door. The project makes a strong visual statement owing to the character it derives from the vast stretch of space we have set aside for the greens, water bodies and amenities. The sprawling grounds are peppered with shade trees, shrubs and flowering plants lining pathways connecting to the swimming pool and recreation areas to create a serenity of your own personal retreat.
Amenities:
Club House with Facilited of Indoor Games
Fully Equipped Fitness Centre and Gym
Children's Play Area
Jogging Track
Multi Purpose Court
Open Badminton Court
Swimming Pool
Business and Commercial Center
Coffee Shop
ATM
Laundry
Creche
Super Market
Fully Equipped Fitness Centre and Gym
Children's Play Area
Jogging Track
Multi Purpose Court
Open Badminton Court
Swimming Pool
Business and Commercial Center
Coffee Shop
ATM
Laundry
Creche
Super Market
Advantages of investments in real estate
During the last few years, the investment scenario in the country has significantly changed as interest rates have fallen very sharply. Fixed deposits that were once the staple and no discussion required, ready-made, one for all type investment has in today’s scenario lost its worth, totally. The post tax real rate of return is just equivalent to inflation. Similar is the story with postal schemes or relief bonds and all of them have seen a downward trend. The gross yield from these once very invertible instruments have almost halved.
In this situation it is now time that the investor should shift his focus on real estate investment. Also, causative to the decision is the rigged up stock market. In the changed scenario it is high time that all investors, and more particularly high net-worth investors, shifted their investment pattern from movable assets to immovable assets in the form of commercial building or residential building.
In this soft interest regime, the best time to own a property is: Now. Interest rates have bottomed out and are even showing signs of firming up. Tax is an important consideration while planning any investment and Real Estate is no different. With so many tax incentives on demand side in both Income Tax and Wealth Tax, it is very important that the investment be meticulously planned on tax front so that maximum benefits are taken. The article is a modest endeavour to bring out general principles for not so expert common man, so that he may broadly ensure that the transaction is best suited to his tax return.
As regards Property for self-occupation or dwelling by self or any member of the family, one of the most important rules for tax planning while buying a house property in India is that one should own only one house or a part thereof in the form of a flat or apartment. Section 23 of the Income Tax act allows exemption for only one self-occupied property. In case two houses were self-occupied by an assesses, one of them would be deemed to be let out and the annual value of the same shall be chargeable to tax. So if you do not own a house, buy it in any name, no discussions required. If a second house for self-occupation were desired, then the best course is to acquire the same in the name and through the funds of any other member of the family like, wife or major son or major daughter or brother or sister or father or mother or the Hindu Undivided Family.
In respect of properties that are self occupied, no deduction regarding the municipal tax paid or any other expenditure like Insurance is allowed under any of the provisions of the act. However the interest paid on any amount borrowed for the purpose of acquisition of such a house is allowed as a deduction upto a maximum of rupees one lackh fifty thousand under the provisions of Section 24(1) (b) of the act. Further the amount paid towards principal is allowed as a deduction subject to the maximum ceiling of rupees one lakh under section 80C of the act. It is almost as if the whole of your income you invest in a house property has been exempted from tax.
The loss generated under the head ‘Income from house property’ due to the deduction of interest is allowed as a set off against any income of the same year under any other head. The loss that could not be so adjusted due to no other income or insufficient income would be allowed to be carried forward for the next eight assessment years to be set off against any income from house property arising in future years.
If an investor is interested in acquiring residential house properties for renting purposes, then it is beneficial to acquire such properties in different names i.e. through funds different members of the family. This is particularly beneficial when different members fall in different tax brackets.
However, in some cases, there may not be any great incidence of income tax, if an investor were to acquire one house property for self-occupation and other house property for letting out. In such a case, one property or flat or apartment used for self-occupation would be completely exempt from income tax whereas the other house would be liable to income tax in respect of net income from it.
In respect of rental income, the municipal tax paid is allowed as a deduction. On the net income, a statutory deduction of 30% is allowed towards all expenditure incurred by the assessee for maintaining the property and collection of rent. If there is any interest payable in respect of funds borrowed by the asses-see for the acquisition of the property or for repairs to the property, then the said interest, whether paid or not, would also be deductible in computing the net income from house property u/s24(1)(b) without any limits as to the maximum amount.
Any loss under the head ‘house property’ from a rented out property is allowed as a deduction on similar lines as that of self occupied property.
The taxman is really interested in making you buy a house. There are deductions in respect of other income on acquiring a House. If the assessee is not the owner of more than one residential house property and has long term capital gains on the sale of any other asset like commercial house property, jewellery, open land etc., then he can get 100 per cent tax exemption u/s 54 in respect of long-term capital gains made on the sale of such capital asset provided he invests the same in a residential house property. This is not all. There are deductions when you sell these properties.
If an assessee is interested in selling residential house properties, whether one or more, he would be eligible to get 100 per cent exemption in respect of long-term capital gains (i.e. where the house property is kept for more than three years since acquisition) if the amount of long term capital gains is invested in the purchase of another residential house property in advance within one year of the date of sale of the first house property or within two years after the date of said sale in another property by way of purchase or within 3 years by way of construction. Great isn’t it? However, 100 per cent exemption from long-term capital gains can be secured only subject to some procedural rules regarding keeping the unspent amount in a bank namely, ‘The Capital Gains Account Scheme’. But that is too easy.
Now as regards the wealth tax, you are not disappointed after studying Income Tax as the assesses can have the following exemptions. One there is an exemption not only for the commercial property used for one’s own business or profession but also for all commercial complexes and commercial buildings from the levy of wealth-tax. Besides, if any individual is the owner of only one house property or a plot of land up to 500 sq.mts, he would be granted complete exemption in respect of the same from wealth-tax under the provisions of section 5 thereof. Besides, all residential properties let out for a minimum of 300 days in a year would be completely exempted from wealth-tax. Likewise, the open land for development purposes would be exempt from tax for a period of ten years.
Thus, in respect of real estate transactions, an investor can save a good deal of income tax and wealth-tax through proper tax planning. The time has come, what are you waiting for?
During the last few years, the investment scenario in the country has significantly changed as interest rates have fallen very sharply. Fixed deposits that were once the staple and no discussion required, ready-made, one for all type investment has in today’s scenario lost its worth, totally. The post tax real rate of return is just equivalent to inflation. Similar is the story with postal schemes or relief bonds and all of them have seen a downward trend. The gross yield from these once very invertible instruments have almost halved.
In this situation it is now time that the investor should shift his focus on real estate investment. Also, causative to the decision is the rigged up stock market. In the changed scenario it is high time that all investors, and more particularly high net-worth investors, shifted their investment pattern from movable assets to immovable assets in the form of commercial building or residential building.
In this soft interest regime, the best time to own a property is: Now. Interest rates have bottomed out and are even showing signs of firming up. Tax is an important consideration while planning any investment and Real Estate is no different. With so many tax incentives on demand side in both Income Tax and Wealth Tax, it is very important that the investment be meticulously planned on tax front so that maximum benefits are taken. The article is a modest endeavour to bring out general principles for not so expert common man, so that he may broadly ensure that the transaction is best suited to his tax return.
As regards Property for self-occupation or dwelling by self or any member of the family, one of the most important rules for tax planning while buying a house property in India is that one should own only one house or a part thereof in the form of a flat or apartment. Section 23 of the Income Tax act allows exemption for only one self-occupied property. In case two houses were self-occupied by an assesses, one of them would be deemed to be let out and the annual value of the same shall be chargeable to tax. So if you do not own a house, buy it in any name, no discussions required. If a second house for self-occupation were desired, then the best course is to acquire the same in the name and through the funds of any other member of the family like, wife or major son or major daughter or brother or sister or father or mother or the Hindu Undivided Family.
In respect of properties that are self occupied, no deduction regarding the municipal tax paid or any other expenditure like Insurance is allowed under any of the provisions of the act. However the interest paid on any amount borrowed for the purpose of acquisition of such a house is allowed as a deduction upto a maximum of rupees one lackh fifty thousand under the provisions of Section 24(1) (b) of the act. Further the amount paid towards principal is allowed as a deduction subject to the maximum ceiling of rupees one lakh under section 80C of the act. It is almost as if the whole of your income you invest in a house property has been exempted from tax.
The loss generated under the head ‘Income from house property’ due to the deduction of interest is allowed as a set off against any income of the same year under any other head. The loss that could not be so adjusted due to no other income or insufficient income would be allowed to be carried forward for the next eight assessment years to be set off against any income from house property arising in future years.
If an investor is interested in acquiring residential house properties for renting purposes, then it is beneficial to acquire such properties in different names i.e. through funds different members of the family. This is particularly beneficial when different members fall in different tax brackets.
However, in some cases, there may not be any great incidence of income tax, if an investor were to acquire one house property for self-occupation and other house property for letting out. In such a case, one property or flat or apartment used for self-occupation would be completely exempt from income tax whereas the other house would be liable to income tax in respect of net income from it.
In respect of rental income, the municipal tax paid is allowed as a deduction. On the net income, a statutory deduction of 30% is allowed towards all expenditure incurred by the assessee for maintaining the property and collection of rent. If there is any interest payable in respect of funds borrowed by the asses-see for the acquisition of the property or for repairs to the property, then the said interest, whether paid or not, would also be deductible in computing the net income from house property u/s24(1)(b) without any limits as to the maximum amount.
Any loss under the head ‘house property’ from a rented out property is allowed as a deduction on similar lines as that of self occupied property.
The taxman is really interested in making you buy a house. There are deductions in respect of other income on acquiring a House. If the assessee is not the owner of more than one residential house property and has long term capital gains on the sale of any other asset like commercial house property, jewellery, open land etc., then he can get 100 per cent tax exemption u/s 54 in respect of long-term capital gains made on the sale of such capital asset provided he invests the same in a residential house property. This is not all. There are deductions when you sell these properties.
If an assessee is interested in selling residential house properties, whether one or more, he would be eligible to get 100 per cent exemption in respect of long-term capital gains (i.e. where the house property is kept for more than three years since acquisition) if the amount of long term capital gains is invested in the purchase of another residential house property in advance within one year of the date of sale of the first house property or within two years after the date of said sale in another property by way of purchase or within 3 years by way of construction. Great isn’t it? However, 100 per cent exemption from long-term capital gains can be secured only subject to some procedural rules regarding keeping the unspent amount in a bank namely, ‘The Capital Gains Account Scheme’. But that is too easy.
Now as regards the wealth tax, you are not disappointed after studying Income Tax as the assesses can have the following exemptions. One there is an exemption not only for the commercial property used for one’s own business or profession but also for all commercial complexes and commercial buildings from the levy of wealth-tax. Besides, if any individual is the owner of only one house property or a plot of land up to 500 sq.mts, he would be granted complete exemption in respect of the same from wealth-tax under the provisions of section 5 thereof. Besides, all residential properties let out for a minimum of 300 days in a year would be completely exempted from wealth-tax. Likewise, the open land for development purposes would be exempt from tax for a period of ten years.
Thus, in respect of real estate transactions, an investor can save a good deal of income tax and wealth-tax through proper tax planning. The time has come, what are you waiting for?
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purchase of plot at electronic city
purchase of villas at surjapur road
3bhk Villas for sale in bangalore
site available at Anekal road
purchase of site at approved layout
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