Thursday, November 13, 2014

Sumadhura Shikharam Multistorey Apartments Located in Hoodi, Bangalore offered with 2BHK and 3BHK Apartments

Sumadhura Shikharam Multistorey Apartments Area Range 1175-1945 Sq.ft, Located in Hoodi, Bangalore offered with 2BHK Apartments and 3BHK Apartments.

http://bangalore5.com/project_details.php?id=1989

Description:

Sumadhura Shikharam offers affordable and modern 2 and 3 luxury BHK apartments at Whitefield, Bangalore. Developed in pristine surroundings and leveraged with world class amenities, this offering from the Sumadhura group is the opportunity not to be missed. Sumadhura Shikharam is located in Seegehalli which is very close to the ITPl Tech Park and boasts of being in the vicinity of a number of Whitefield landmarks such as Forum Value mall and Hope Farms.

A state-of-the-art club house, a massive swimming pool, spacious childrens play area are just some of the amenities to name. Also, being a stones throw away from several big industrial names as well as the Sathya Sai hospital, Sumadhura Shikharam offers the right balance between work and home. Alongwith world class features, the property also boasts of high end security, a senior citizens lounge as well as a small waterfall.

Sumadhura Shikharam, as the name suggests, offers the pinnacle of tranquility and luxury, all at affordable prices. 

Amenites:

    Club House (Air Conditioned )
    Squash Court
    Equipped Gym
    Shuttle Badminton Court (on open terrace with sides covered)
    Community Hall for Yoga / Aerobics / Meditation
    Steam and changing areas / facilities,
    Billiards
    Table Tennis etc.
    Children's Play Area with play equipment
    Landscaped gardens
    Outdoor Swimming Pool
    Lounge Pool

Frank Talk

Housing is a social cause. The government should endeavor to provide shelter to everyone. In vast country like India, government alone  cannot attend to this and may take many decades to achieve this goal. To hasten the process government should at least facilitate the housing construction, by establishing separate agencies, making available required material at concessional rate, and by tax sops to encourage builders.

The establishment of the National Housing Bank is a landmark in this direction, which was followed by formation of many housing finance companies. Some of the scheduled commercial banks floated subsidiaries exclusively to finance housing. Reserve Bank of India advised the banks to earmark 3% of their incremental deposits to the housing finance. These institutions have played a remarkable role in the property industry. Reserve Bank of India, acted as a catalyst by pursuing the soft interest regime which has further accelerated the housing finance with reduced interest rates. Government of India became pro active by increasing the tax benefits on housing loans. These, coupled with intensive campaign have made everyone aware of the importance of the housing. Increased savings in tax payment have helped many people to divert such savings towards loan repayment.

At present housing finance is buoyant. In fact, when all other sector were plagued by recession, housing sector became saviour of the commercial banks and also economy of the country. 

Many industries depend on housing sector. Major chunk of the labour force, especially from weaker class depend on construction industry to earn their bread.

But there is a threat looming large in the form of Kelkar Committee Report. The committee has proposed to restrict interest exemption up to 50,000 on loan amount of Rs. 5,00,000 and no exemption at all above 5,00,000.

Real need of the day is to remove the ceiling of Rs. 1,50 lakhs of the loan interest exemption on the capital borrowed to acquire a house for self occupation, but not to reduce it. The proposals of Kelkar committee, if accepted would only dampen the enthusiastic borrower and would adversely effect the housing sector.

Property industry is eagerly awaiting the outcome with crossed fingers with a hope that the government of India will not accept the recommendations of Kelkar committee, but will further increase the existing tax benefits to the property industry.

Housing finance companies should also come out with innovative schemes and increase the repayment period to 30 years, so that the people living in rented houses own houses and pay EMI instead of rents.


Real Estate Properties are available in Bangalore City.......
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