Prestige Lake Ridge are captivating investors with spectacular features

Eminence Lake Ridge is considered as a real part of one of the main land organizations understood for offering world-class realty administrations at extremely doable charges for the comfort of the customers. Eminence Lake Ridge is situated at Off Kanakapura Road, Bangalore. Extent of administrations offered by us join building advancement organizations and property Services. We are in like manner one of the assumed producers and creators having added to a part of the stunning structures and structures arranged in this region.

Prestige Lake Ridge dependably passes on all that it promises awesome worth, prime zones, astounding progression and viable sponsorship. Renown Lake Ridge is decidedly devoted to giving flawlessness in private improvements. Renown Lake Ridge wants to pick only the best regions for headway. Notoriety Lake Ridge works with simply the best fashioners, contractual workers and endeavor directors to breathe life into the task. 

Glory Prestige Lake Ridge Location 

Glory Lake Ridge furnishes extravagant private condo with 1, 2, 3 and 4 room extravagance lofts situated at Off Kanakpura Road, Bangalore.
Prestige Lake Ridge – Nearby Localities
    Ksrit College
    IT tech Parks
    Major Hospitals
    Restaurants, Banks & ATMs

Prestige Lake Ridge Amenities

    Clubhouses and Party hall
    Mini Theatre
    Tennis Court
    Badminton courts and Squash Courts
    Large and well- maintained swimming pool for your leisure
    Well-equipped Gymnasium for fitness freaks
    Open Car Parking spaces
    24 Hours power backup & Electronic facility

Prestige Lake Ridge Price

    1bhk costs around 4200-4500 with 644 sq.ft
    1.5bhk costs around 4200-4500 with 1046 sq.ft
    2bhk costs around 4200-4500 with 1197-1241 sq.ft
    2.5bhk costs around 4200-4500 with 1358-1366 sq.ft
    3bhk costs around 4200-4500 with 1583 to 1634 sq.ft
    3bhk costs around 4200-4500 with 1902-1933 sq.ft
    4bhk costs around 4200-4500 with 2462 sq.ft
    4bhk costs around 4200-4500 with 2467 sq.ft

To know more information visit us http://www.prestigelakeridge.in/
Call@9620047666

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Sunteck What A City stunning project in Mumbai

This area package is found simply off the hoisted join between SV Road and Western Expressway which is under development and in close vicinity to two noteworthy suburbanite stations on western line. Given its simple access to social civilities including driving instructive foundations, doctor's facilities, vast arrangement shopping centres, extensive base of corporate workplaces in the set up IT Parks and corporate workplaces along Western Expressway and Malad join street, Goregaon is touted as the following favoured destination for private set ups.

Sunteck What A City shapes part of the Bombay Stock Exchange Realty Index and is likewise recorded on the National Stock Exchange with a business sector top of approx. Rs 24 billion.

Sunteck Realty Ltd is a main land designer, with a Mumbai center. It has more than 35 million square feet of solidified city driven improvements crosswise over 26 ventures. Of these improvements, more than 80% are super premium and extravagance private with equalization being business spaces. Almost 80% of Sunteck's financial worth radiates from its Mumbai ventures. The organization is overseen by a solid and experienced proficient administration group drove by Kamal Khetan, and has set up and organized corporate procedures Sunteck What A City Goregaon West

Source:- http://www.apsense.com/article/sunteck-what-a-city-stunning-project-in-mumbai.html

To know more information visit us http://www.sunteckwhatacitygoregaon.in/

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Sunteck What A City Goregaon

Sunteck What A City - Mumbai

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Sunteck What A City Goregaon West Pics with Amenities

Sunteck Realty has provided an exit option to Kotak Realty Fund from its Goregaon west Mumbai  project.

Type: 2BHK,3BHK
Project Location: Goregaon West, Mumbai

Size Ranging: 545-845 Carpet Area
Possession: Jan 2019

Fore more information visit us :  http://www.sunteckwhatacitygoregaon.in/

Call@ 9702494041

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Union Budget 2016 A 25-year-old could lose 18% of retirement income

It's not about paying more in new taxes, which middle-class India has been doing year after year. You just have to count the number of new cesses introduced in the last decade to be sure of this. It's also not about giving up subsidies, which Indians have begun to do rather speedily—the latest example being the surrender of 7.5 million LPG connections in little over a year.

The rage over the new tax on withdrawal from employees' provident fund (EPF) is because the government is seen to be attempting to steal the hard-earned savings of salaried private sector employees. Unlike government employees, private sector workers do not have guaranteed pension or healthcare plan to take care of their sunset years.


Ever since news of the EPF tax broke, people have been worrying about how much of an impact it will have on their nest egg. TOI did the calculations and as the table above shows, if the government goes ahead with the tax on the interest accrued on PF contributions after April 2016, a person starting his career after this could lose 18% of his entire retirement savings at provident fund maturity. Even those in the middle of their career face the prospects of losing between Rs 10 lakh and Rs 20 lakh (12% to 8%) of their retirement corpus.

Image From India News

All this to nudge people towards the National Pension System (NPS) which has failed to get the number of subscribers it expected to because the scheme does not generate as high post-tax returns as the EPF does. By taxing 60% of the interest on EPF withdrawal—if it is not invested in annuity — the government is attempting to make it less attractive for people so that more investment flows into the NPS.

A better way to mend the EPF could have been to fix the dysfunctional employees' pension scheme (EPS), which is a part of EPF. Every EPF member mandatorily contributes towards EPS, but the scheme is designed so badly that the monthly pension cannot exceed Rs 4,000 — an amount that won't equal even 1% of the lastdrawn total monthly salary in many cases.

Times View
The proposal to tax part of the corpus of provident funds on withdrawal needs to be rolled back completely. The salaried middle class has consistently borne the brunt of direct taxation in India and it is unfortunate that instead of making a serious and concerted effort to widen the net, successive governments have opted to squeeze honest taxpayers at every available opportunity.

The latest proposal amounts to double taxation, since the employee's PF contribution is in any case not tax exempt beyond the 80C ceiling of Rs 1.5 lakh per annum.

Thus, those with just decent salaries — often in the last few years of their working lives — would end up having their contribution taxed in the fi rst instance and then 60% of it taxed again at the stage of withdrawal. As for those starting their careers now, quick calculations show they could stand to lose nearly a fi fth of their retirement savings to tax. This is grossly unfair.

The government's argument that the move is aimed at encouraging people to plan for pension for their old age ignores the fact that EPF already has a pension component — in the form of the employees' pension scheme — whose fl awed design has resulted in low payout. Instead of forcing people to move to the national pension system, it should revamp the EPS.

This would ensure competition between EPS and NPS and investors would have the option to choose. If the idea is to promote competition and free market across the economy, why go back to the regulated regime of old? The government shouldn't let ego stand in the way of acknowledging the inherent unfairness of what it's seeking to do.

In any democracy, Budget proposals are not cast in stone and should become law only after debate and discussion. The government should pay heed to the spontaneous sense of outrage this proposal has evoked and let it go. It'll only gain goodwill by doing so.

Source: http://timesofindia.indiatimes.com/budget-2016/you-and-taxes/A-25-yr-old-could-lose-18-of-retirement-income/articleshow/51217019.cms

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What Budget in Realty Sector 2016

Union Budget 2016 was been filed in the lower house of the parliament amidst great expectations from industry leaders and the common man. Finance Minister Arun Jaitley delivered a budget which catered to the farmers and poorer sections of the society. Small taxpayers were also given some relief.

The minister began presenting the budget by stating that there were nine pillars on which his budget stood. From the real estate perspective, the pillars which would have the most direct impact on this sector would be infrastructure and tax reforms. Smart Property in India

Overall Union Budget 2016 seems to be a mixed bag for the realty industry. While some expectations were addressed, some went totally ignored. A demand which has been met is the digitization of land records which will lead to dispute free titles. Under the Digital India Initiative, the National Land Record Modernisation Programme is set to be revamped and this scheme will come into effect from April 1st, 2016. This will bring the much-needed transparency to the realty sector.

Here is a detailed look at what the budget had in store for the realty sector. Infrastructure: Infrastructure was given a major thrust through this budget. Special attention was given to road-related infrastructure. This spells good news for the realty sector as the growth of this industry depends on the presence of quality transport related infrastructure.
Rera Impact On Real Estate Market Article


 Here are some of the key infrastructure-related announcements from Budget 2016: 85% of road projects which were languishing are back on track INR 97,000 crores has been set aside for road sector 10,000 km of National Highways to come up in 2017 50,000 km of State Highways to be converted to National Highways Total outlay of INR 2.18 lakh crores for rail and road Total outlay of INR 2.21 crores for infrastructure 160 airports and airstrips to be revived Tax reforms: One of the biggest disappointments here is that the tax slab has been left untouched. But small taxpayers have been granted an increase in rebate. Some good news for the real estate sector was also on the cards in terms of REITs, affordable housing, and the rental segment.

 Here are some of the important tax reforms from Budget 2016 Those who earn below INR 5 lakhs will see an increase in rebate from INR 2000 to INR 5000 HRA deduction goes up to INR 60,000 from INR 24,000 First time home buyers to enjoy deduction on an additional interest of INR 50,000 on home loans up to INR 35 lakhs if the value of the house does not go beyond INR 50 lakhs 100% deduction for profits to an undertaking from a housing project for flats up to 30 sq. meters in four metro cities and 60 sq. meters in other cities approved during June 2016 to March 2019 Service tax exempted on affordable homes which measure less than 60 sq. m Dividend Distribution Tax on Real Estate Investment Trusts (REITs) has been removed Withdrawal of up to 40% from National Pension System to be tax exempted 100% deduction of profits for 3 out of 5 years for startups set up during April 2016 to March 2019

Source:-http://www.moneycontrol.com/news/real-estate/what-budget-2016-hadstore-forrealty-sector_5702001.html#anchore_top_strip

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