5 luxury trends in home

Luxury resembles happiness. The luxury home design comes up with the convenient ways for an individual to spend his life well acquainted with all the necessary resources where one has to make minimum efforts to lead a healthy and happy life. While purchasing and a luxury home, the buyer needs to figure out about the cost, the surroundings and environment and the locality. They deal with what is inside your home and around your home, i.e., Location.

Luxury home always stands out from all the ordinary houses due to its architecture, construction and the amenities provided.

Elevators

The elevators are included in the luxury homes to provide comfort and ease of access because people get so irritated to move here and there because of more floor to ceiling height which makes them very fussy and tired. The elevators should be spacy, and they must have a good carrying capacity. They should be constructed with a secure password connection.

Games and Entertainment Zone

This will have an enormous space for game courts so that you can invite many of your friends to your place and have a great competition over a number of sports. It also includes having a home theatre where you can sit on your comfortable couch doing nothing but watching over all your favorite movies and get going along. The sound system keeps you going and maintains your gay mood.

Technology Features

Security is the foremost concern for the house buyers these days. It is totally concerned with making our lives easier. In this current era, with the help of smartphone one can easily access the appliances, security cameras and alarm system in the house. The control over lightings, temperature and sound systems can be accessed far away just with a single touch. People nowadays are concerned to buy homes that contain a safe room or a sort of panic room.

Garden and Pools  

With this, one can totally retreat themselves at any time of the day. Waking up to the cool breeze and the sun rays in the lush green environment will be the best start to the day that can make your entire day productive. A number of trees can be planted to have a quiet and refreshing experience. Having one’s pool will be a great appeal and a special touch into the backyard space and it will keep you carefree and gives you escape from a relaxing state. Pools parties could be arranged, and social gatherings with lots of chit-chats can be organized where all are allowed to have fun and enjoyment to the fullest. Adding aquariums to your house will also add beauty.

High-class interior and outdoor kitchen

The interior and the architecture of the house is the outward thing which captures the heart of a person explicitly. Open floors and spacy living rooms provide a vast area in order to carry out any of the activities. One should always feel like an invited person into the kitchen. The appliances should be at a place where one can easily manage to handle them with minimal efforts and do not create a mess. The furniture in the kitchen should be well acquainted, and the drawers and cabinets must be going hand in hand. The important aspect of an outdoor kitchen is that while cooking the delicious food, you can communicate with all your guests and indulge in a talk.

Things to consider before shifting your home!

When we’re moving into a new house, you’re excited, but a little part of the mind is worried about the things to do, taken care of and consider before shifting. Tasks like packing, moving, dealing with the Internet, cable and other connections, clearing all dues sound nightmare. After some time, these thoughts overpower the excitement of moving in and sometimes might result in delay or more expenses.

The following are some of the tips to be more efficient while shifting your home:

1.    Do the talking in Numbers- Don’t ever try to plan by saying “I’ll shift by next week” or “I’ll pay the dues by evening”, rather fix a time and date like, “On 4th, I’m moving into the new house” and “at 5, I’m going to pay the bills online”. Always try to plan in Number so that you get clarity in your mind.

2.    Use Mobile Apps for “To do List”- This is very important and the best tip one can give. Smartphones are the best aid while you’re shifting as they can remind you about the things to do and show which tasks to be completed first, that is give you a sequential plan. Nowadays, one can set a reminder of calling or texting someone and the application itself does everything. This is helpful unless you start “What’s apping” your friend or watching YouTube videos.

3.    Segregating according to nature- Like the bin bags, one has to start separately from the Books and documents from Clothes and utensils. There should be different boxes or containers for kitchen utensils, books and stationaries, dresses and other items. Also, packing should be started as early as possible because it’s complicated.

4.    Hire Professional Movers- It is very important to hire professional movers as you can’t afford to take this task, while you’ve many ‘big ones’ in mind. And importantly they’re professional in this and do this job perfectly and more efficiently. But before trusting on the company or the firm, extensive research is necessary as you also can’t afford to damage any of your things.

5.    Pay all the dues- Before moving into a new place, you should always clear out the back. When you move in to a new place, you’ve ‘No Idea!’ how many things you’ve to do, so clearing out the old will definitely help.

6.    Keep your documents safely- We often hear, whenever someone moves into a new place, one of his important papers, document or Photo albums are lost or misplaced, and they get them after years and their expiry. So, keeping your documents safe and separately is the very important thing to be done.

The above tips will help but don't solve the tasks because the real job is solved with efficient planning and sometimes luck. It is also essential to clean the place before moving into a new one. Before moving in, check whether the place has all the basic connections like Electricity and Water. Read and listen as many blogs and people before the start and when started never listen to anyone as they might confuse and pressurize you.

Why should you invest in a second home?

If you are looking forward to making fresh investments, you are always in the dilemma what investment to make. Buying a second home could prove to be your best bet. The property investment is considered to the best and safe investment for future. Although it takes a lot of time and energy to decide on where and how to invest; there are a lot of reasons as to why should one consider buying a second home.

Although it’s a good idea to put your money in fixed deposits, equities, mutual funds or gold, if you are planning for a more significant investment then undoubtedly a second home should be your choice. Also, market trends clearly indicate that investing in real estate would assist you in earning better returns than any other asset class. Also, if you are buying a second home, then tax benefits on the interest payment of your home loan which you get can’t be neglected.

A second home is really a good investment option if you choose to gift yourself a retirement home. In case if you are living in a city away from your hometown, then buying a second home in your hometown could be a wise decision in case you plan to settle there after your retirement. A Second Home could also be seen as a fixed source of income for you after your retirement if you put it on rent. Another source of income could be buying the property at a vacation spot or a tourist spot. You can also visit your house anytime and relax with your family and friends anytime you wish being the owner of the property. It will give you an easy switch. Having properties in two different cities, you can consider shifting from one city to another any time you want. A change in the place may help you at times.

The Union Government in the budget of 2017 sent repercussions in all the directions. When it came to buying a second home, individuals witnessed both good and bad news. On the brighter side, affordable housing has got infrastructure status. As a consequence of this, it would provide developers with cheaper sources of finance. The allocation towards Pradhan Mantri Awas Yojana has also been increased. These efforts are being made to transform the notion of “Roof for every family” into reality. As per the current Income Tax rules in India-

•    An assessee is exempt from paying income tax for principal amount repayments up to Rs. 150,000 under section 80c (along with other benefits in this section).

•    Interest paid on housing loans up to Rs. 200,000 is also exempt from tax under section 24b.

Thus, buying multiple houses & renting them also fetches rental income and certain tax rebates are also available to the assessee for such form of rental income subject to certain conditions which need to be fulfilled. These are broadly the reasons why people choose to invest in residential properties as an investment.

6 things to boost your home with positivity!

Our homes are the places that we spend our time relaxing and unwinding after a long and tiring day at work. Hence it is necessary that one should feel comfortable and relaxed as soon as they walk into their house. Your mind should automatically be at ease when you walk into your house. Here are a few tips and tricks to make sure that your homes make you feel happy and positive whenever you walk into them.

Happy Colours

Bright, happy colours take away the monotony of a house that is only painted white. Make sure to use colours that are pleasing to the eye and brighten up your mood. These include yellow, green and blue. Use colours wherever you can, be it colouring a wall, choosing a bright cushion or a bedspread.  Try to stay away from darker colours as they might make your home look dull.

Nature

The best way to make your house seem bright and inviting is by bringing some potted plants into your home. It is going to take some effort to take care of them, but it is definitely going to be worth it. The plants will increase the oxygen concentration in your home. They will also make you feel at peace when you look at them. The beautiful flowers that will grow on them are going to bring some extra colour to your house.

Open Spaces

When you walk into to your home, you are most likely tired and are looking to sit down and relax. Open spaces in your house are automatically going to put your mind at ease. Make sure to arrange the furniture in such a way that it doesn’t look cluttered and messy. Try ensuring that the path to your bedroom is one that is free of any significant distractions as it will bring comfort to your mind.

Personalised Memories

A home is all about the people who are living in it. Hence the best way to ensure positivity within the house is to hang up memories of people who are living inside that very house. This could include family photographs; paintings children have made or even fridge magnets that were collected on a memorable trip. Ensure that once a family member walks into the house, they see the faces and memories of the people they love.

Ventilation

It is critical that your house should not seem stuffy and enclosed. Make sure to utilize windows wherever you can to make sure that you are getting fresh air every day. Apart from ventilation, these windows are also going to make sure that your home gets natural lighting which is very important as well.

Incense

If your house smells nice, you are definitely going to feel positive. However, incense is a very risky thing as your home can end up smelling bad if you chose incorrectly. Make sure that all members of your house are on board with the incense that you have chosen and they all can stand the smell. Sandalwood, jasmine, and frankincense are some of the most popular and soothing fragrances.

Luxury housing a new chapter opens – Jain Heights

At any given point of time, and regardless of any economic conditions, it is a fact that there will always be people who are not content with just any kind of home. This results in the demand for luxury homes in India. This, however, may rise and fall but for sure will never fade away.

It is purely driven by the increase in the standard of living and increasing disposable income between the entrepreneurs, corporate executives, and IT professionals, and not to forget the scions of traditionally wealthy families. They have a desire for more than just four walls and a parking slot.

Indian luxury home buyers have many sound reasons for choosing to live in premium rather than ‘normal’ homes, here is why –

It’s a status aspiration

Buying a luxury home is a matter of prestige, and of course, it is. After all, most luxury home owners have bought their pride and joy with their hard-earned money.

They want to live in bigger space that announces their arrival and offer a higher lifestyle rather than just a postal address.

Comfort matters

The modern luxury homes provide all types of comforts. Even the basic ones come with features like swimming pools, themed buildings, landscaped gardens, gyms zone, meditation centers, modern manicured lawns, complete electronic security, touch-button responsive fixtures, and also the entertainment and shopping space which together makes the living experience more comfortable.

Higher security

One best feature of any luxury homes is that they have top-notch security, both in terms of trained security personnel and electronic security devices installed.

Also, in the case of any accidents and medical emergencies, it can be quickly taken care of with immediate response triggered by technology, and the availability of hospitals and emergency rooms in proximity.

Technological enablement

Technology and IT innovation have gone through a tremendous makeover in the recent times; they have in fact made the living experience in high-end homes extraordinary. Right from solar generators to remote controlled window shutters, everything is perfectly directed at meeting the demands of homebuyers looking for an ultra-modern lifestyle.

Better neighbors

The benefits of moving into in a luxury apartment do not only extend to conveniences, the luxury housing projects are also seen as the perfect environment for one’s family to live in and socialize. After all, such projects basically form a society with a degree of culture, education, and beliefs.

Great investment value

Lately, the increasing demand for properties in India rivals that of gold. However, properties present the advantage of being an asset that rises in terms of value at every instance and it is also a ‘performing asset’. Given the fact that luxury homes are in high demand even in the secondary market, their net worth individuals (HNIs) see them as the perfect investment opportunity that guarantees higher returns in the future.

So now we know why luxury housing is the new emerging trend but it is also important to choose the right provider for such properties. Give us a call or reach us at www.jainheights.com and know how much better are our luxury homes compared to other competitors.

What is namma state budget 2017? – Jain Heights

The Congress government in Karnataka on Wednesday introduced its last full budget before taking a leap into the state the polls in May 2018. However, theSiddaramaiah government seems to have taken great inspiration from populist schemes that belong to other states and other governments like in Tamil Nadu and Delhi.

So here are the highlights of our new budget 2017 –
-    There have been huge grants to OBC, SC and ST communities who belong to the largest chunk of Karnataka's population. About 6,000 crore rupees has been allocated for different programs, subsidies, and incentives to them.
-    The capital gains tax liability has been changed for Joint Development Agreement and has been signed for the development of property.
-    'Namma’ canteen is on the list on the similar lines of Amma canteen in Tamil Nadu that provides breakfast, lunch, and dinner at an affordable price. It has been strategically planned to have one canteen located in every ward of Bruhat Bengaluru Mahanagara Palike (BBMP).
-    Infrastructure status to affordable housing is a boost for an affordable residential sector.
-    Government to provide free laptops to 1.5 lakh students getting into engineering, medical, polytechnic and other first-grade colleges.
-    LPG connections to be provided to over 2 lakh BPL families of SC/ST communities, in addition, LPG connections will be availed to about 5 lakh poor families to those who do not get covered by central schemes.
-    Up to 10,000 liters of free water supply to urban poor for those living in homes built on plots less than 600 square feet land.
-    The government also declares 10 million homes to be built by 2019 for the homeless and those living in kutcha houses.
-    The grants for effective English language teaching from Class I, and IT education in high schools and colleges to be made mandatory.
-    The government will distribute food grains under Anna Bhagya scheme; this scheme will see an upgrade from 5 to 7 kg per person.
-    By 2018, 10 lakes to be developed at cost of Rs 42 crore. Including the infamous Bellandur and Varthur lakes known for their contamination and frothing.
-    There will be a one-time incentive of Rs 2 lakh each to students from minority and OBC community who make it to premier institutes like IIM, IIT, IISc.
-    Government announces tax breather for notional rent income on unsold or unoccupied completed projects by any real estate builder.
-    A strict ban on all two-stroke autos from April will be in action to reduce air and noise pollution. These are to be replaced with 10,000, 4-stroke LPG-enabled auto rickshaws and it’s subsidies to be given to auto owners.
-    The National Housing Bank (NHB) will refinance individual housing loans of about INR 200 billion in 2017-18.
-    The increase in investment in infrastructure and development projects will be seen in action after this budget plan.
-    The state government also allocates Rs 26,000 crore for the second phase of 72 km of Bangalore Metro. The phase 1 of 42.3 km to be completed by April 2017.
-    To regulate ticket fares in multiplexes by making maximum entry fee at Rs 200.
-    Tech-based apps for an early response against crimes towards women and children to be built.

However the above glimpse of the budget plan for 2017 made by the state government looks promises, we would love to see how well the real estate sector can support the government and vice versa. Jain Heights supports this wonderful budgetary plan from our state government and is looking forward to a better tomorrow.

Visit our site to know more insights about current situations in real estate sector, www.jainheights.com

The GST Impact on real estate sector - Jain Heights

GST has been one of the long awaited tax reforms in the country that got unanimous approval of both houses of parliament this monsoon session. The union government of India has planned a deadline of April 2017 for its roll out. Currently, 3 states have already ratified the bill which later will be quickly followed by the others. How this might impact taxes in residential real estate transactions has got many views from the industry experts. Let’s understand it in brief –

Taxation and real estate industry
If we quickly take a look at the real estate industry, we find there has been a major tax change in the last few years. These taxes, however, are not uniform all over the country, different practices and regulations are followed to their respective states in India.

In the case of land, property and other kinds of work contracts, there are different kinds of taxes that are levied by the State Government and the Central Government. These transactions are categorized into three parts –
•    The value of services
•    The value of goods and materials
•    The value of land

VAT is applied by the State Government on the goods portion and the value of services is framed by the Central Government. However, other than stamp duty, there are no clear taxes on the transactions regarding the value of land. This situation leads to confusion and eventually can result in dual taxation.

Here, the real estate industry has justifiably been feeling jittery during such confusing tax calculations. For a real transaction, multiple taxes need to be paid and this also has a negative effect on the industry. The ultimate need for the industry’s demand to bring GST on board is primarily to get a clear and transparent taxation rule for the real estate sector in India which will help the overall economy of the country.

Expected GST effects on the real estate industry in India
The implementation of GST can prove to be a solid step in reforming indirect taxation in India. Though there are chances of double taxation, it would be diminished, as some of the Central and State Government taxes will be amalgamated as one. This will indeed ease the process of taxation at a considerable rate, making its enforcement and administration much simpler.

Talking about the real estate industry in this context, there are a few things that we have to know and understand. In the current scenario, a builder or a real estate developer incurs many kinds of expenses in the construction phase of a project. Here, different kinds of taxes are involved with these expenses, like VAT/CST, customs duties, the service tax, and excise duty. But the majority of these taxes are expenses that derive from within the policies of the system. This is because they are not creditable to the developer or end-customer by any means. They are usually non-creditable expenses that lead to tax inefficiency.

But the one positive impact that might result from GST is by monitoring the credit utilization. This will for sure help in strengthening the credit chain in the whole system. If the property developers and builders properly manage this aspect, they will see some profits in the near future.

There is an expectation that the proposed GST structure will have a progressive and streamlined approach. Also, it is anticipated that the tax compliance rules might not have any serious impact on real estate builders and developers. In the present condition, builders running projects in different states are to comply with State-specific VAT laws, as well as other kinds of service taxes. Introducing GST will therefore not bring any additional burden on real estate builders present in the country.

However, much depends on what rate of GST will finally be confirmed by our government. If it is more than the existing cumulative taxes then it means that the overall cost to consumers of buying an under-construction flat will likely increase along with the additional cost of stamp duty and registration. At the same time, developers have to keep an eye on costing policies, as price competitiveness is very important in the current real estate market scenario.

Get more updates and news about the real estate markets and new implementations from around the country exclusively on www.jainheights.com also visit our site to view our upcoming projects.