Friday, 18 April 2014

Aakruthi Solitaire Villas for sale Located at Yelahanka, Bangalore available with 3BHK and 4BHK Villas.

Aakruthi Solitaire Villas Area Range 3926 - 5185 sq.ft., Located at  Yelahanka, Bangalore available with 3BHK Villas and 4BHK Villas.
Description:

Aakruthi Solitaire offers as few as 19 independent villas on a 3 acre BIAAPA approved property. Limited edition. Unlimited privacy. There are no compound walls between plots, though. Planned along the lines of the finest gated communities, a row of bushes demarcates plots. The plots range from 3200 to 3800 sft, no less. A far cry from cramped city dwellings. The villas hark back to the sepia hued Bangalore, with a twist in the tale. Reminiscent of lavish erstwhile bungalows but clad in striking contemporary architecture. Going beyond conventional luxury, the villas offer the luxury of choice with size and plan options. Even the elixir of youth:Property maintenance for a 5 year period.

The Solitaire is planned to pamper the senses and indulge your active lifestyle. The luxurious, well-appointed club house is a tribute to pasttimes, proffering a spread of opportunities for fun and fitness.

The fount of youth springs in the invigorating expanse of the pool.For those who court frenetic action, there's tennis. The high-end gym is dedicated to toned bodies.

The environment is treated with as much care. Green technologies like rainwater harvesting and an STP are integral to the development. As is security, replete with electric fencing and a compound wall around the perimeter. Conveniences like 100% power back-up, broadband and 24/7 purified water celebrate the life and lifestyle.

Amenities:

Club house with indoor games   
Swimming Pool
Tennis Court   
Eco-friendly STP
Treated water supply round the clock    
Rain water harvesting
Compound wall and electric fencing around the property periphery with 24/7 watch and ward   
100% DG power backup
 
 

Property Buyers Woes escalates
with 1% TDS rules from June 1,2013

Under the newly added Section 194IA, from 1st June 2013 it has been made mandatory for the Buyers to deduct 1% Income Tax (TDS) from the Sellers for properties other than rural and agricultural land, where Sale Consideration is 50Lacs and above  and remit the same to the Income Tax Department. This section was introduced in the IT Rules, in the Union Budget for 2013-14, with the aim of bringing transparency in property transactions, curb generation of black money and to generate funds to bring down the fiscal deficit.
 
Though the rule looks simple at the outset, it is riddled with complications at the implementation level. Buying a property is itself the most difficult task in a person’s lifetime, involving arranging funds, checking the genuineness of property documents, payment of stamp duty as prescribed, and various taxes like service tax, sales tax on works contract, other corporation tax, amenities charges  etc., to cite some of the difficulties. Introduction of the this new rule of TDS has added to the woes of the property buyers as it lacks clarity and most ambiguous at implementation stage. Moreover, the sellers will try to  pass on this cost to the buyers which will naturally escalates the property cost to the buyers.

The property buyer has to deduct the tax, remit to the IT department and has to issue a certificate to the Seller for the amount so deducted and remitted. In case the Seller does not provide Permanent Account Number (PAN) the buyer has to deduct tax at 20% instead of 1%. This increases the paper work creating hurdles in the already complicated property transactions.

Further, the rule does not specify as to at what stage of the property transaction – i.e., at the time of Sale Agreement, Final Payment, From instalments the tax has to be deducted. Who has to deduct tax in case of loans, lender or buyer ? How get back the remitted amount if the transaction is aborted in the middle?
The Government must remove all ambiguities and make the rules clear and simple, to avoid unnecessary / avoidable trouble to the property buyers

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