Saturday, July 19, 2014

TG Lake vista multistory residences Apartment for sale at Begur Road, Bangalore - 2BHK and 3BHK apartments.

TG Lake vista multistory residences Apartment area vary 1208-1640 Sq.ft, set at Begur Road, Bangalore out there with 2BHK apartments and 3BHK apartments.


A residential marvel that redefines luxury,freedom and peace. If you ever dreamt of being a bird, encircled by peace and tranquility, T.G Lakevista is that the good place to create your dream abode.

Luxury living areas designed with eye to detail,quality and fashion.

    No. Of Units : 128
    No. Of Blocks : 3
    Structure : Seperate Block.
    Apartment Type : 2/3 BHK – Premium.
    Amenities : Premium

Project Highlights

    All approval obtained from BBMP.
    No Deviation Project.
    High undivided share of land.
    Superior specifications.


    Swimming Pool.
    Fully Equipped Gym.
    Club House/Multipurpose Hall.
    Mini Theatre – 15 Seater.
    Indoor Games : Table Tennis, Snooker/Billiards, Carrom, Badminton.
    Children’s Play Area.
    Sports Zone : Gully Cricket, Basketball ring.
    Indoor Badminton Court.
    24/7 Security with CCTV.
    Power Back up.
    STP – Sewage treatment Plant.
    Sand Pit Area.
    Jogging Track.
    Meditation/View Room.

Burden on Flat Purchasers

Finance Minister Sri. P. Chidambaram placed the monetary fund proposals before the parliament on 28/02/2005. On reading the fine print and analysis of varied proposals the Euphorbia generated on the day of presentation of budget has step by step disappeared although minister has assured to appear into a number of proposals, that ar seemingly to adversely impact the business he's firm that there'll no major roll back. Sri. P. Chidambaram appears to be following the footsteps late Morarji Desai WHO taxed everything, however disguised them in ornate language.

Blow to Construction of residential Sector:

Unfortunately the union budget has treated the development sector badly. The union budget has enclosed the some extra services within the service tax net; like web site formation, demolition, and like services of survey of land and creating maps, construction of planned residential completes with over twelve home units developed by the builder. The service tax is 100 percent with two education cess. so the effective tax would be ten.20%.

Not a Burden to Builder:

The service tax are going to be collected by the service supplier, that's builder. however he can depart this world the tax part to the buyer of residential units, so it's the top user WHO can ultimately suffers.

Apart from passing the service tax part to the buyer, the builder enjoys bound tax exemptions on full profits attained in developing and building housing comes underneath section 80-IB of tax Act. The exemptions ar allowed subject to bound conditions, such as 

1.    The project ought to have a plot space of minimum one acre.

2.    Residential unit ought to have most engineered up space of a thousand sft in city, urban center and 1500 sft in alternative areas.

3.    The engineered up space for industrial and searching mustn't exceed five-hitter or 2000 sft whichever is a smaller amount.

4.    The project ought to have approved before thirty one March 2007 and will be completed inside four years from the top of the yr during which project was approved.

Further minimum plot space demand of 1 acre is waived just in case of housing comes administered in accordance with the schemes framed by central or state governments for reconstruction of or improvement of existing buildings and notified by the board during this behalf for improvement of such dwellings. The exemption is allowed for 5 years on 100 percent profits. so on compliance of bound conditions builder needn't pay any tax on the profits attained on construction of home units; and passes on the service tax to the purchasers. therefore levy of service tax on flats isn't a burden to the builder WHO nervelessly pockets the profits, that ar exempted from tax.

Purchaser can suffer:

The ultimate man WHO needs to bear all the load is that the enduser, WHO at the most times may need spent all his life time earnings to own a roof over his head. Not solely the service tax, however alternative selections of presidency has exposed the buyer to higher expenditure.

The Cabinet Committee on Economic Affairs has recently set to permit 100 percent foreign direct investment in construction sector; wherever the minimum space to be developed is twenty five acres (10 hectares) just in case of serviceable housing plots. Already attributable to numerous restrictions on approval of layouts, prohibition on betterment charges within the town/town municipal areas the worth of lands have increased  by five hundredth within the last six months round the city. With allowance of 100 percent FDI in construction sector, the worth of the land can more increase around city.

25% Duties:

In bound cases previous structures have to be compelled to be dismantled. The lands have to be compelled to be surveyed and mapped. The builder starts construction of multi-storied housing when approval of arrange. again and again every of the higher than activities ar done by totally different agencies and every activity attracts services tax of 100 percent and education cess of twenty-two. 
The budget has projected to exempt service suppliers whose gross annual turnover doesn't exceed four lakhs, however this exemption may be a payment for construction sector. rarely a builder/promoter prefers to construct but twelve home units. With increase in land value and levy of service tax on construction and connected activities, the price of home units can increase creating it not simply reasonable by finish users. with the exception of actual buyer value of the flat, the buyer needs to bear 100 percent towards taxation and Registration Charges, 4 wheel drive towards excise tax, and 10.20% towards service tax and expenditure towards Katha, assessment etc, so buyer needs to pay nearly twenty fifth of terms towards numerous taxes, duties and levies. could the center category could have to be compelled to ignore owning a flat and accept atiny low homes like sardine packs, with none correct facility.
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