Thursday, 11 September 2014

Sai Keerthi Heights Apartments Located in Whitefield, Bangalore offered 2BHK Apartments and 3BHK Apartments.

Sai Keerthi Heights Multistorey Apartments Area Range 1190-1710 Sq.ft, Located in Whitefield, Bangalore offered 2BHK Apartments and 3BHK Apartments.

http://bangalore5.com/project_details.php?id=203

Description:

Keerthi Heights is located in Whitefield, Bangalore’s famed IT corridor. Whitefield is a happening corporate hub, with both commercial and residential establishments spread across the area. With the advent of ITPL, apartment complexes, villas and hotels have brought people close to their places of work. Advent all industry majors, like Wipro, TCS, Dell, IBM and Intel operate here, within a stone’s throw away from each other. Reputed international schools and colleges, shopping malls, state-of-the-art health care options and multiplexes have added life here.

At Keerthi Heights, you have an offer, elegantly created 2 and 3 bedroom homes, with premium specifications, in a pollution free environment, which is every family’s dream. Do make that dream a reality for your family, Take the first step to moving into a fine home!

Quick Facts

  Location: Whitefield
  Development type: Apartment
  Size : 50,638 sqft
  Number of units: 115 flats

Amenities:

Swimming Pool
children's play area
Laundry bay
Gym
Club house
Multipurpose hall
Open auditorium
jogging track
lift
Round the clock security
24 hrs water supply


Unfortunately the union budget has treated the development sector badly. The union budget has enclosed the some further services within the service tax net; like website formation, demolition, and like services of survey of land and creating maps, construction of planned residential completes with over twelve housing units developed by the builder. The service tax is 100 pc with a pair of 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 pass away the tax element to the buyer of residential units, so it's the top user UN agency can ultimately suffers.

Apart from passing the service tax element to the buyer, the builder enjoys sure tax exemptions on full profits earned  in developing and building housing comes below section 80-IB of taxation Act. The exemptions ar allowed subject to sure conditions, such as 

1. The project ought to have a plot space of minimum one acre.
2. Residential unit ought to have most designed up space of one thousand sft in Old Delhi, metropolis and 1500 sft in different areas.
3. The designed up space for business and looking shouldn'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 may be completed at intervals four years from the top of the fiscal year within 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 renovation of existing buildings and notified by the board during this behalf for renovation of such dwellings. The exemption is allowed for 5 years on 100 percent profits. so on compliance of sure conditions builder needn't pay any taxation on the profits earned  on construction of housing units; and passes on the service tax to the purchasers. thus levy of service tax on flats isn't a burden to the builder UN agency nonchalantly pockets the profits, that ar exempted from taxation.

Purchaser can suffer:

The ultimate man UN agency should bear all the load is that the enduser, UN agency at the most times might need spent all his life time earnings to possess a roof over his head. Not solely the service tax, however different selections of state has exposed the buyer to higher expenditure.

The Cabinet Committee on Economic Affairs has recently determined 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 due to varied restrictions on approval of layouts, prohibition on betterment charges within the town/town municipal areas the worth of lands have redoubled 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 Bangalore. 

25% Duties:

In sure cases previous structures need to be dismantled. The lands need to be surveyed and mapped. The builder starts construction of multi-storied housing once approval of arrange. over and over 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 planned to exempt service suppliers whose gross annual turnover doesn't exceed four lakhs, however this exemption could be a payment for construction sector. rarely a builder/promoter prefers to construct but twelve housing units. With increase in land worth and levy of service tax on construction and connected activities, the price of housing units can increase creating it not simply reasonable by finish users. excluding actual buyer worth of the flat, the buyer should bear 100 percent towards revenue enhancement and Registration Charges, 4 wheel drive towards excise tax, and 10.20% towards service tax and expenditure towards Katha, assessment etc, so buyer should pay nearly twenty fifth of damage towards varied taxes, duties and levies. might the center category might need to ditch owning a flat and accept atiny low homes like sardine packs, with none correct facility.


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

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