Real Estate Maximum Magazine Issue 1


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Real Estate Maximum is a unique magazine that brings you offers from builders, news of the real estate market from experts, tips on generating income from prudent investments, apart from the regular updates of the Ahmedabad real estate market. The valuable information is sure to benefit anyone who is buying, selling or investing anytime in the immediate future.

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Real Estate Maximum Magazine Issue 1

  1. 1. Issue 01 – October 2013 REAL ESTATE MAXIMUM Real Estate Regulatory bill will bring Oligopoly in the Sector
  2. 2. RE/MAX Contents Advertorial 05 Hot Properties For Sale and Rent 11 Real Estate regulator bill will bring oligopoly in real estate sector 15 Ahmedabad Real Estate Market 17 Technology Article 18 Taxation and Vaastu Tips 19 HonoraryEditor : Manan Choksi Published by : Madhuvan Space Management Pvt. Ltd. Circulation : Tanmay Mehta +9171727100 Volume : 1 Issue : 1 Regd. Office : G5, Block A, Safal Profitaire, Corporate Road, Prahladnagar, Ahmedabad -15 Disclaimer: This magazine is for private circulation only. The data published in this magazine is based on the inputs provided by various sources. The publisher, printer and the Editor do not guarantee the authenticity of correctness of the data published herein. Printed and Published by MSMPLat Ahmedabad. 4 Editor’s Message W e are happy to publish this first magazine at the time when India celebrated its 67th Independence Day and Real Estate Regulatory Bill is just round the corner to help Real Estate Industry The Real Estate Regulatory Bill, when enacted into law, will ensure that home or property buyers get timely possession, and as per the specifications promised by developers, say realty firms and consultants. Besides, it will improve the image of the realty sector by bringing in transparency. The bill will pave the way for providing the much needed transparency by seeking to regulate the hitherto largely unregulated housing sector in India. However, industry experts highlighted that the bill does not provide relief to builders in getting faster approvals for. The ambit of the proposed law is quite large and seeks to cover all major private residential developments across the country as the bill applies to all projects over 4,000 square meters. Real estate agents will also be asked to register with the regulator, a move that is expected to help in curbing money laundering. The bill that seeks to provide a uniform regulatory environment to the sector was earlier opposed by private developers but the government stuck to it on the argument that it will infuse transparency. It has provisions under which all relevant clearances for real estate projects would have to be submitted to regulator and also displayed on a website before starting construction. The bill has tough provisions to deter builders from putting out misleading advertisements related to the projects carrying photographs of the actual site. Failure to do so for the first time would attract a penalty which may be up to 10 per cent of the project cost and a repeat offence could land the developer in jail.
  3. 3. REAL ESTATE MAXIMUM Wishes from RE/MAX MGM on a launch of Real Estate Maximum I t’s a matter of great pride that a magazine is being its franchisees are active and working with Real Estate launched for the people of Gujarat, especially de- buyers and sellers with most pr fessional manner than dicated to Real Estate trends, news, listings and any other brokers. projects. The name of the magazine, Real Estate MAXIMUM denotes that it will be covering maximum coverage of Real Estate happenings. This magazine would be focusing on giving all its readers monthly updates on various aspects of Real Estate in India and what is happening globally which affects our Real Estate trends. To my mind Real Estate regulatory bills is a first step towards empowering Real Estate Consumers and their rights will be protected and now only professional and ethical builders will be trusted. RE/MAX MGM hopes to capture more market Manan Choksi, share in Ahmedabad Mumbai and Pune market where R Regional Owner, RE/MAX MGM eal Estate Maximum – A Real Estate Maga- Indicates which property sectors offer the best oppor- zineis a monthly series of trends and fore- tunities and which ones to avoid. cast publication that reflect the views of leading real estate executives. Real Estate Explains how the economy and concerns about credit issues are affecting real estate. Maximumprovides an outlook on real estate invest- Discusses which metropolitan areas offer the most ment and development trends, real estate finance and and least potential. Describes the impact of social and capital markets, property sectors, metropolitan areas, political trends on real estate. and other real estate issues. Each issue of Real My best wishes to Real Estate MAXIMUM Estate MAXIMUM: Tells you what to where the best opporElaborates capital markets, ding sources and flows of equity and debt capital. on expect and tunities are. trends in the incluAashil Patel, Regional Owner, RE/MAX MGM 5
  4. 4. RE/MAX Welcome to New Franchise Owner RE/MAX Mumbai Gujarat Maharashtra proudly welcomes Mr. Munish Gupta as a Broker Owner of RE/MAX DREAMZ. RE/ MAX MGM wishes him all the best. Mr. Munish Gupta has been a most successful broker Associate in India and now he has started a new journey as a Broker Owner. The Broker Owners of RE/MAX Gujarat are meeting twice in a month at Regional office over a breakfast early in the morning to discuss various issues and suggestions to grow the RE/MAX network. They discussed marketing and recruitment related queries among each other. The inputs and suggestions by franchise owners help everyone conducting their business more effectively and spread services of RE/MAX to more and more people. RE/MAX MGM has started a new initiative of marketing in form of NO PARKING boards in Prahladnagar, Vastrapur and Bodakdev areas. These boards have got tremendous visibility and spreading brand awareness of RE/MAX ONLINE TRAININGS: In August 2013 RE/ MAX MGM regional office gave online training for How to Break Bread with Customers, The Attitude of Peak Producer, Professionally Serve Every Listing and Managing Your Time and Productivity. All the trainings given by RE/MAX MGM are available on and YouTube video channel. Anyone can take advantage of the same and learn many real estate topics for self-development which ultimately helps service clients better than any other real estate brokers. In ONLINE TRAINING IN JULY 2013 four topics were covered namely CREATING REFERRALS, WORKING WITH BUYERS – THE REFERRAL WAY, WORKING WITH SELLERS, and SETTING SMART GOALS. 6
  5. 5. REAL ESTATE MAXIMUM Master Franchise Show Participation by RE/MAX MGM in Mumbai A tips shared by Mr. Anand Choksi, Broker Owner of RE/ MAX ADVANTAGE Ahmedabad gave tips on suceesful real estate investing in a houseful Seminar at Rajpath Club Ahme- RE/MAX MGM participated in The Master Franchise Show dabad with all ears eager to listen to magical orator . Many which is the premier event in master franchising, attracting clients and investors attended the seminar by spending their the most successful multiunit / Brand operators, Global valuable time and make this Seminar very successful! RE/MAX MGM Congratulates Mr. Anand Choksi for such a great initiative. RE/MAX MGM Congratulates Mr. Vivek Parikh of RE/MAX Metro on successful completion of 3 years in RE/MAX Real Estate Business brands, and service providers in the industry. The exhibition had variety of International franchises outlining their concepts and business operations. Master Franchising allows people or corporations to purchase the rights to sub-franchise within a certain territory. Mr. Manan Choksi, Mr. Aashil Patel, Mr. Sahil Shah from RE/MAX MGM and Mr. Puneet Verma from RE/MAX India represented RE/MAX in this master franchise show. Seminar on Successful Real Estate Investing by Mr. Anand Choksi RE/MAX MGM heartily congratulates Mr. Vivek Parikh, Franchise Owner of RE/MAX METRO for a successful journey of 3 years as a realtor with vibrant team of 14 broker associates. RE/MAX METRO grandly celebrated the occasion and invited everyone associated with them in last 3 years. Moreover, Mr. Vivek Parikh gave RE/MAX METRO Branded chocolates to its clients and well-wishers which was a very unique idea liked by all. We wish them more successful years ahead. 7
  6. 6. RE/MAX Role of Technology in Real Estate Open House by RE/MAX Advantage RE/MAX Advantage’s Broker Associate Mr. Ajay Sharma organized an open House of Aishwarya Flat, a beautiful 4 BHK at Ambawadi on Sept 8, 2013 and got a good response. All the broker associates of RE/MAX must go for open house for their rightly priced properties for faster selling of the same. This Education Program was arranged by Thane Estate agents associates of Thane for the real estate brokers and Sahil Shah from RE/MAX MGM conducted the seminar and gave presentation on the use of technology in real estate to make effective use of their time and serve clients more efficiently. RE/MAX Files Registration Statement for Proposed Initial Public Offering RE/MAX, one of the world’s leading franchisors of real estate brokerage services, today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The RE/MAX brand name has held the number one market share in the U.S. and Canada since 1999. The timing, number of shares to be offered and the price range for the offering have not yet been determined. RE/MAX intends to apply to list its common stock on the New York Stock Exchange. Morgan Stanley, BofA Merrill Lynch and J.P. Morgan will act as joint book-running managers for the offering. Perella Weinberg Partners is acting as advisor to RE/MAX. More details can be accessed from about/newsroom 8
  7. 7. REAL ESTATE MAXIMUM India is all set to take on Pakistan in their opening match at the ICC Cricket World Cup 2015 which is being jointly hosted by Australia & New Zealand. With the RE/MAX Balloon soaring high above the Melbourne cricket ground, we all from RE/MAX in India would like to wish the cricket team all the very best!! Mr. Samir Chopra, Chairman Convention Committee, NAR India giving opening speech at 5th Annual convention & Exhibi- Sam Chopra on NDTV Profit discussing real estate trends with other panelists in Property India program. tion of NAR-INDIA. 1000 + top Brokers from across the country attended the 5th Annual Convention of NAR India which included Speaker sessions, networking, entertainment, educational courses, referral exchange program and much more. It was a great networking event. 9
  8. 8. RE/MAX RE/MAX franchising At RE/MAX, it all starts with you. It’s about your energy, ambition and leadership, backed up by an immense RE/MAX support system and extensive tools and resources. As you do your research, consider how RE/MAX compares to other real estate networks in philosophy, services, brand awareness and productivity. And think about the possibilities when you combine your strengths with the power of RE/MAX. When you join an established franchise brand like RE/ MAX, you hit the ground running with 40 years of operational expertise and global recognition behind you. What’s more, you’re armed with endless educational resources – both for helping you recruit top agents and for bettering your agents once they’re on your team. Top 10 reasons to invest in a RE/MAX Franchise 1. The power of the RE/MAX name 2. Recruiting and franchise support 3. Worldwide real estate leader 4. National advertising 5. Entrepreneurial approach 6. On-demand education 7. Technological edge 8. Powerful lead generation 9. Business specialties 10. Everybody wins 10
  9. 9. REAL ESTATE MAXIMUM RESIDENTIAL Properties for Buy / Sale / Rent Ahmedabad 4 BHK Fully Furnished, Luxurious Apartment for SALE, Near Marriott, Satellite, Ahmedabad. Gujarat. Contact :Aja J Shah RE/MAX Metro Total : 310 Sq. Yds Apartment Fully Furnished Apartment A designer hi-end apartment Two allotted Car Parking A KingsizeVillla - with 1500 sqyds of a beautiful Villa. It already comprises of a huge portico, a large Living area, Drawing hall, a Study, floor to floor elevator, full size kitchen & store, 4 Bedrooms all with attached WCs/Baths etc. The lux bathrooms are provided with lifestyles of Jacuzzi, Steam & Sauna. Call +91-9687274881 Contact:ParveshGirgla RE/MAX Aad Realty Luxurious Bungalow on sale in Sec.19 – Gandhinagar 1 Hall, 4 Bed Room all are with attach toilet, 1 Children Room, 1 Kitchen, 1 Pooja Room, Basement Home Theater, Servant RoomGarden, Privet Parking, V.VIP Area Call +91-8238002325 Contact:SirazPadhiar RE/MAX First Choice 5 BHK Bungalows for Sale at Shrushti, Thaltej Area: Built Up: 3690 Sq.Ft. Plot: 2169 Sq.Ft. Home theater room 2 Car Parking, Garden Security, Park, Water Storage Private Terrace Only 9 Bungalow Scheme Call +91-8140007771 Contact : Sameer Sood RE/MAX Realty Solutions Call +91-85111 14115 11
  10. 10. Commercial Properties for Buy / Sale / Rent Ahmedabad Fully furnished corporate house basement+3 floor is available for sale, S G highway, bodakdev. Total Plot area of property is 6152 Sq.Ft and building comprising of Basement, Ground Floor, First Floor, Second Floor having total built up area 12304 Sq.Ft Contact :Narendra Barot RE/MAX Advantage For sale 3 bhk commercial apartment of 1305 sq.feet. Call +91-9909935396 Contact :NishantChavda RE/MAX ADVANTAGE Plus Main BRTS road touch. Presently used as commercial office. Main Road Touch property available on RENT Call +91-9099916504 Contact: Munish Gupta RE/MAX DREAMZ Good for spa, boutique etc. ON C G Road, Ahmedabad Ground floor showroom on rent, Call +91-9825800169 Contact : Prashant Nair RE/MAX PLUS Prime Location of IIM-Atira road New Commercial Building 12 Call +919879559466
  11. 11. REAL ESTATE MAXIMUM Commercial Properties for Buy / Sale / Rent Ahmedabad Road Side Office Space for SALE in New Bodakdev. Very useful Space Suitable for restaurant / Doctor Office / Multipurpose use. corporate office, call center, it space, saloon, high end educational/training institution, diagnostic center Contact: ParveshGirgla RE/MAX Aad Realty 3300 Sq.Ft. Fully Furnished Office On fourth floor, for sale at Maninagar - Fully Furnished Office with AC.- Located at a high end area of Maninagar - Near to public transportation - Ideal for Institutes Call +91-8238002325 Contact: AtitFozdar RE/MAX RE/MAX METRO 1380 Sq. FeetOffice for Sale in Shapath-V, SG Highway, Call +91-9825036406 Contact :Mukesh Patel RE/MAX ADVANTAGE Strategically located on SG Highway, Very Closed to Corporate Houses, Malls, Multiplexes, Hospitals Total area 935 Sq. ft. Carpet Area 720 Sq. ft, approx. Call +91-9909998635 Contact: PunitChavda RE/MAX REALTY SOLUTIONS One allotted car park, Unfurnished office for sale. Ideal for office. Call +91 - 9601915605 13
  12. 12. Residential Properties for Buy / Sale / Rent Ahmedabad Excellent 3BHK Semi-furnished Flat for sale in Bodakdev Contact: Rajan Talati RE/MAX REVOLUTION -2450 Sq. Ft. -Very well maintained society, -With servant room -A/c fixed in all rooms, -Very spacious rooms -Allotted parking Luxurious 4BHK bungalows in satellite High-Class Independent 4 Bhk Bungalow on Sale in nice and peaceful residential area with Luxurious Furniture and A/Cs. All common amenities like hospital, schools, markets, malls, famous theaters are nearby this society. Contact: Devansh Kothari RE/MAX SYNERGIES 3BHK Apartment for sale in posh locality of DharnidarDerasar and Lavanya society. 2 units on each floor. It is located in one the prime area of Ahmedabad city. Hospital, Schools, Colleges, Auda Garden, Restaurants and Food Courts, Religious places. Call +91-8866008590 Call +91-9879167987 Contact:Ashok Bhalani RE/MAX VINTRON GOLD 4BHK flat on sale at Corporate Road Prahladnagar Call +91 9099948600 Contact: Munish Gupta RE/MAX DREAMZ 4500 sq.ft flat on sale at Corporate road, Prahladnagar.Luxurious new Built scheme. 14 Call +91-9825800169
  13. 13. REAL ESTATE MAXIMUM Real Estate Regulator Will Bring Oligopoly in the Sector - Manan Choksi With the Union Cabinet approving the Real Estate (Regulation and Development) Bill, the popular view is that it will help property buyers benefit and make the system more transparent. The real purpose of the bill is to give a reliability of the delivery of the project once it is launched. While the bill has its good intentions, precedents show us how such regulations usually eliminate the small builders completely. Highlights of the bill: 1. All residential projects having units that are more than 4000 sqmts will size of 4,000 square meters to follow a areas of the city. Usually the local builder fall in the ambit of this regulation. few rules. Now such a regulation would association has about 2,000 small and 2. All projects to be launched only actually harm the big projects and buil- medium builders which are now dor- after all the permissions have been ders would try to divide projects and do mant – due to slow market conditions. received for the construction of the smaller projects only. However, a few The SME segment has already got the project. factors like cost of construction, cost burden of lack of reliable brand, inability About 70% of all the money collec- of marketing and the cost of providing of having fixed salaried staff and inabi- ted for the project has to be used common facilities push builders to do lity to invest in modern techniques of only for this project. larger projects only. The customer even- construction. When such a builder wants tually thinks that he should invest his to scale up to large sized projects, he hard earned money in a project which is will need to comply with the regulator’s regulated rather than an ‘unscrupulous’ provisions which will deter him further. 3. 4. Projects to be sold on carpet area only. 5. Each state will have a tribunal for redressal of complaints. We have seen in stock market that the back of small builders, who survive In the past India has seen regula- builders’ unviable project. This breaks eventually all the small and medium on a single scheme at a time. sized IPO and brokers are eliminated tors like IRDA, SEBI, TRAI, CCI, RBI, DGCA, These days in a metro city there from the market. It is said that SEBI regu- ICAI. What each of the regulator has is already a lot of consolidation with a lations have closed more brokers than undoubtedly brought in is the required few names like Lodha, DLF, Hiranandani, the slow market. So we have a handful of “buyer benefit”. However, a side effect etc. dominating the real estate sales stock broking houses like MotilalOswal, of such a regulator’s impact on the market. Lodha claims sale of Rs. 10,000 Angel Broking, Share Khan, etc. who market is consolidation. For example, crores in the last fiscal which is more own practically the lion’s share of the the proposed real estate regulator in than DLF’s sale of Rs. 9,000 crores in the market. It is said that unless a broking the new bill makes it compulsory for all same period. In a Tier 2 city there are lot house has 10,000 customers there is no new projects which are more than the of local builders operating in selected viability to run the operation. Oligopoly 15
  14. 14. is the future of real estate sector, be it a builder or a broker. The proposed bill has a concept called “registered brokers”. Hence brokers are also going to fall in to the ambit of regulation, which until now has been totally out of regulation. Such regulations in other countries have streamlined the entire industry and have brought a lot of transparency. Brokers slowly adapt to the regulated world and start building their own brand. This indirectly regulates the secondary market also. Even the CREDAI (Confederation of Real Estate Developers Associations of velopers and end users. Implementation in both the houses in the monsoon India) has ‘strong reservations’ according of this Bill as it is will cause substantial session. The bill most probably will get to the Credai president C Shekhar Reddy. increase in cost to buyers. In the long passed uneventfully as officially only He has expressed his concerns about the run the bill has the potential to actually the state of Chhattisgarh has opposed License Raj re-entering the real estate shatter the government’s initiative of it. So the regulator will actually cause world and unnecessary victimisation of ‘housing for all’ at affordable rates. ‘irregulations’ as it is not conducive to members. It is important that the Bill Right now the cabinet has passed the small time brokers and is quite lop- maintains equilibrium between the de- the bill and it is scheduled to be tabled sided in approach. Oligopoly seems to 16
  15. 15. REAL ESTATE MAXIMUM Ahmedabad Real Estate Market: A Major Realty Destination Ahmedabad, business capital ket of Ahmedabad, by 3.5% in the past Ahmedabad is attracting invest- of Gujarat, is the fifth largest city and six months. Genuine housing projects ments not only from India but from seventh largest metropolitan area in with equipped amenities have facilita- foreign countries as well. The capital India. It is located on the banks of Sa- ted the Real Estate sector of this city. value for the real estate in Ahmedabad barmati River. The city of Ahmedabad With multifold infrastructural develop- in terms of the residential properties has a flourishing textile industry, and is ments in every sector, the Real Estate is easily affordable unlike other tier II sometimes called the Manchester of the Sector of Ahmedabad is booming. cities in the country. The presence of East. The Times of India chose Ahmeda- Some of the best localities to invest the superior infrastructural facilities and bad as the best city to live in India, in the in Ahmedabad include Ashram Road, strategic location of residential proper- year 2012. The city is beautifully planned CG Road, Navrangapura, Chandkhede, ties drive investors towards Real Estate and has a lot of free land. With constant Motera, Ghodasar, Isanpur, Hansol ,Na- Market in Ahmedabad. growth in trade & commerce and the roda, Bodakdev, Makarba, etc. The wes- Numerous upcoming integrated establishment of various industries, col- tern part of the city is posh; it includes township projects across the city as well leges and firms in the city, Ahmedabad areas like Ambli, Bopal, Solagam, Thal- as the suburban areas ensure the conti- Properties are generating huge demand tej, Shilaj Road, Vastrapur, Ambawadi, nuity in the boom of the Real Estate Mar- in the country’s Real Estate Market. Prahaladnagar, Bodakdev and Jodhpur. ket in Ahmedabad. Healthy economic The National Housing Bank Index Those in pursuit of lavish, spacious growth and infrastructural urbanization of the Reserve Bank of India, commonly homes must scan these areas out, and have contributed to position the city of known as, the NHB Residex demons- this should be done quickly for prices Ahmedabad as one of the major realty trates a price hike in the Real Estate Mar- may escalate sharply very soon. destinations. 17
  16. 16. Vastu Tips for your Office entry: information associated with all of data items. 2. The best way to manage so many emails that you receive every day is to segregate them in to two folders, “Pro- 1. Best entry for office is North entry going to South. A cessed” and “To Process”. 80% of the emails you receive Zero degree north entrance is the most coveted entry are just for information and you are in CC. So after you by Vaastu Standards. read that email, you have to file it in “Processed” folder. 2. Second best entry is east going to west. 3. The office with west entry should be in the name of female. put in “To Process” folder. 3. 4. South Entry is not recommended. is You can write down all your to do things in Tasks. It is very good way to remember a list of things to do and you can tick them off once its done. The done 5. South west entry office Any email which requires action to be taken, have to be not at all good. items are automatically hidden so it doesn’t clutter your viewing area. 4. Contacts are not just email address or Such an office phone numbers. You can put address, birth should change date, all kinds of numbers, picture of the its entry or contact and also write notes about the contact. change the office. 6. The North or East 5. Calendar is very important tool to manage your day. If you have appointment with someone, you can invite him to the meeting sending him an entry should have a email automatically from this interface. The best part Ganesh tile at the top of the is that if he accepts the meeting, his calendar is auto- door. matically blocked for that time. 7. The South or West entry should have Hanuman tile at the top of the door. 6. Use a good image for your email signature. Each Technology Tips of the emails will become a marketing of your brand. This will help you get free advertising of your brand. 7. There is a Social Connector which puts the senders photo from a social media website like Facebook along with their email. So easier for you to recollect who has sent the email. 8. You can configure multiple email accounts and get all Outlook Tips to increase your productivity the emails access from one place. You can also send email from all such accounts and you can associate a 1. Microsoft Outlook is not just an email client, but it is also a PIM (Personal Information Manager) which records your meetings, tasks, notes, contacts and a lot of other 18 different signature with that email address. 9. Last but not the least archive and backup your folders regularly
  17. 17. REAL ESTATE MAXIMUM 5 Important facts about home loans Though most of us avail home 2017, in the next 5 years. Total limit for reversed. loans, there are a few facts about them this exemption will still be Rs. 1.5 lakh Loan taken from family and friends which are worth knowing. Let’s take a per year. look at two simple questions: Under Section 24, you can claim The above example explains the up to Rs. 1.5 lakh per year of interest real scenario. Therefore, you cannot on your loan. You will be able to claim claim the interest but deductions can be this even if you want to take it from claimed later on in 5 equal installments your friends, parents or any other indi- for next 5 years starting from the year in vidual. However, in order to be eligible which property is acquired or construc- for claiming the principal amount under ted. This tax deduction is available only Section 80C, you need to avail the finan- if the construction is completed within 1. What are the available tax de- cial lending from some bank or financial 3 years from the end of the financial year in which capital is borrowed. ductions for your under-constructed house? Extension or renovation of your house 2. Do you still get tax benefit from If you are taking a loan for exten- your home loan, if you have taken it ding or renovating your existing house, from a friend and not from a bank? you can only claim the interest amount Many of you might not be having under Section 24 and not the principal answers to these questions. To realize under Section 80C. However, the limit that one is ignorant is a great step to in this case is only up to Rs. 30,000 for Additional tax Deduction of Inte- knowledge. So let’s try and explore owner-occupied properties. If it is a rest on loan taken for residential House these new dimensions of home loans: rented or leased property, or a second property (New Section 80 EE) institution. home which is not a self-occupied pro- Tax deductions for underconstructed houses Do you know that you should have In addition to deductions mentio- perty, no maximum limit has been pres- ned above, deduction in respect of inte- cribed in this case and the tax payer can rest on loan taken for residential house take tax deduction of the whole interest property is allowed up to Rs. 100000/- a certificate of ownership and posses- amount under section 24. for the loan that has been sanctioned sion of the house to claim tax under Selling a house serving home loan by the financial institution during the Section 80C? Without complete and If you sell your house within 5 period beginning on 01st April, 2013 proper analysis, investors presume that years from the date of buying, all the and ending on 31st march, 2014 sub- they can claim for tax deductions of tax benefits which you have claimed ject to certain conditions mentioned in their houses which are under construc- under Section 80C will be added in your the section. tion and go ahead with the loans. salary in the year of sale and termed as Conclusion Let’s take an example. Say Mr Knowledge is power. Knowing income. Gupta bought a house on loan on 25th For example, if you bought a flat in these less-known facts about home November, 2009. He paid a total sum July 2011 and in next 3 years you have loans will help you take better deci- of Rs. 5 lakh as interest in the next 3 claimed Rs. 2 lakh under Section 80C, sions. Informed decisions lead us to years and obtained possession on 19th this amount will become your income in better results. And better results lead November, 2012. He could claim this Rs. the financial year in which you sell the to progress, productivity and prospe- 5 lakh of interest in equal installments, property and will be taxed accordingly. rity. which is 1,00,000 per year from 2013 to However, the interest component is not 19