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Piyush Group Launches Township Ramneek Vihar Over 25 Acres in Dehradun

Tue, 22 Dec 2009 11:29:36 GMT

Ramneek VIHAR Integrated Township has been implemented over 25 acres in the pristine and mesmerizing Doon Valley at the serene foothills of the Himalayas, is replete with facilities like a fully equipped gymnasium, clubhouse, swimming pool, etc. Consumer stores, supermarkets and daily needs shopping area complete the self-sufficiency of Ramneek Vihar residential complex. Ramneek Vihar residential complex was Launched in 2005, the project Ramneek Vihar residential complex was sold out immediately on launch.

Salient Features of Ramneek Vihar Township

Maximum Green Area of Ramneek Vihar residential complex

Ultra Modern Club with Swimming Pool in Ramneek Vihar residential complex

An up-to-date Gymnasium in Ramneek Vihar residential complex

Beautifully Landscaped garden with Water Bodies in this residential complex

Ultra Modern Shopping & Entertainment Hubs in Close Proximity.

Seismic zone IV specifications for all structures

Ultra Modern fire-fighting system to ensure safety for you and your retreat

An urbane Sewage Disposal System with recycling of waste water in Ramneek Vihar residential complex.

For more info log on to http://www.zameen-zaidad.com/ramneek-Vihar-dehradun.aspx

Octagon builders & Promoters Pvt. Ltd. Launches a Township in Dehradun

Tue, 22 Dec 2009 11:21:35 GMT

Octagon Builders & Promoters (p) Ltd., is dedicated to build a Platform to put all your

Dreams into a beautiful picturesque reality. With a team of committed and broad spectrum minded people into Octagon, is on the path to become one of the most recommended and respected real estate promoters in india in a very short span of time. Our group brings experience, integrity, Knowledge and professionalism to all our customers whether it is for residential, commercial or complete property development needs. and Octagon builders & Promoters Pvt. Ltd. Launches A Township in Dehradun.

Our Spirit: We believe in Integrity, honesty and sincerity. We do not compromise with quality. Our group brings experiences, efficiency, Knowledge and professionalism to all our customers and we guaranteed the customer satisfaction.

Vision: Set to create a landmark in Real Estate World to provided home with matchless quality living.

Extra Amenities

World-class tennis courts is available in Santour City- II Township Dehradun

Fitness centre is also available in this township dehradun

Swimming pool available in this township dehradun

Township dehradun Billiards

Township dehradun Gymnasium

Township dehradun Jogging Track

Township dehradun Walking Tracks

Township dehradun Children play area

Township dehradun Card room

Each of these provides an enriching health experience that would do a township proud.

Highlights

Free Hold Property in township dehradun

Gated Township with 24/7 Security dehradun

24 Hours Water Supply in this township dehradun

24/7 Professional Estate Management Team on call

Children Play Area & Lawns.

Ample Car Parking

Shopping Complex in township dehradun

Walking Track

Lush green landscape in & around

Club township dehradun

Swimming Pool township dehradun

For more info log on to http://www.zameen-zaidad.com/santour-city-dehradun.aspx

TAX DEDUCTION ON HRA � ASHISH GUPTA

Sat, 19 Dec 2009 07:21:48 GMT

Employees generally receive a house rent allowance (HRA) from their employers. This is a part of the salary package. HRA is given to meet the cost of a rented house taken by the employee for his or her stay. The Income Tax Act allows for deduction in respect of the HRA paid to employees. It is to be noted that the entire HRA is not deductible. HRA is an allowance and is subject to income tax. An employee can claim exemption on his HRA under the Income Tax Act if he stays in a rented house. In order to claim the deduction, the rented premises must not be owned by the employee. In case one stays in an own house, the entire amount of HRA received is subject to tax. According to the Income Tax Act, the amount of HRA exempt is the least of:

� The actual amount of allowance received by the assessee in the relevant period during which the rented accommodation is occupied by him

� The amount by which the rent expenditure actually incurred by the assessee exceeds one-tenth of the amount of salary due to the assessee in the relevant period

� 40% of the salary due to the assessee in the period

HOW THE DEDUCTION IS ARRIVED AT

Here is an illustration for the year 2009-10. Assume an assessee gets a salary of Rs 5 lakhs as basic salary and Rs 2.5 lakhs as HRA. He pays an actual rent of Rs 1.5 lakhs. In such a case, the amount of HRA exempt would be calculated as:

� Actual HRA received � Rs 2.5 lakhs

� Excess of rent paid over 10% of salary i.e., Rs 1.5 lakhs less Rs 50,000 (10% of salary) = Rs 1 lakh

� 40% of salary (40% of Rs 5 lakhs) = Rs 2 lakhs

As out of this Rs 1 lakh is the least, it will be allowable as a deduction from salary for the year. The balance HRA of Rs 1.5 lakhs will be subject to tax.

Courtesy:- Times Property dt:- 12-12-2009

PARSVNATH RAISES RS 75 CR

Sat, 19 Dec 2009 07:12:24 GMT

Delhi-based real estate company Parsvnath Developers (PDL) has raised Rs 75 crore by selling 50% stake in a housing project to US-based private equity firm Sun Apollo. Sun will invest Rs 75 crore in the project�s special purpose vehicle (SPV) that will develop Parsvnath�s residential property in Gurgaon. With this deal, Parsvnath has raised Rs 360 crore in the last six months through private placement of shares and stake sale in its various projects. Such fund raising exercise is meant to cut its debt amounting to Rs 1,600 crore by at least half by the end of this fiscal.

Courtesy:- ET dt:- 12/12/2009

GOT A SECOND HOME? KNOW YOUR TAX GAINS TOO

Thu, 17 Dec 2009 07:48:00 GMT

Shelter is one of the basic human needs and buying a house is generally every household�s dream. These days, keeping in view the rise in income levels, households also look at the option of investing in more than one house property. People buy a second home for many reasons, which, inter-alia , include as an investment for capital appreciation; to use it as a holiday home; to get a regular stream of income by way of rentals; or to diversify their investment portfolio.

Whatever be the reason, an important aspect to be considered at the planning stage is the tax implication of owning and maintaining the second home.

SECOND HOUSE � SELF-OCCUPIED

If an individual owns more than one house property for his use, then under the provisions of the Income Tax Act, 1961 (the �Act� ), any one property as per his choice is treated as self-occupied and its annual value is computed to be nil. The other house property is deemed to be letout and a notional rent as per the provisions of the Act is computed as the taxable income under the head �Income from House Property�. In other words, the second house is treated as being rented-out and its estimated rental income is treated as taxable income.

SECOND HOUSE � LET-OUT

If the second house is let-out to a tenant, the actual rent received, subject to certain conditions, is treated as the taxable income under the head �Income from House Property�.

DEDUCTION FOR MUNICIPAL TAXES

The taxes paid to the local authority, generally the municipal taxes, are allowed as deduction in the financial year, in which such taxes are actually paid. This is irrespective of whether these taxes pertain to the current financial year or the earlier year. Therefore, an individual should keep a track of the municipal taxes paid and claim this deduction accordingly.

DEDUCTION FOR REPAIR & MAINTENANCE

Further, a sum equal to 30% of the annual value of the house property is allowed as deduction towards repair and maintenance charges. It is pertinent to note that this deduction of 30% is a fixed percentage, irrespective of the actual amount incurred by the individual i.e., irrespective whether an individual incurs more or less amount, he can only claim a deduction for 30% of the annual value of the house property.

INTEREST DEDUCTION

Interestingly, in both the above scenarios, i.e., whether the second house property is deemed to be let-out or actually let-out , the actual interest paid on the housing loan is allowed as deduction . This is contrary to the case of a self-occupied property, wherein the maximum interest on housing loan is restricted to Rs 150,000 p.a., subject to certain conditions.

Hence, investment in house property even if it is a second house, does have its own tax benefits. If one is lucky enough to own more than one house property then s/he can avail of tax benefits mentioned above, in respect to the second house.

Courtesy ET dt:- 03/12/2009

GREEN ALTERNATIVE

Thu, 17 Dec 2009 07:42:19 GMT

An incredibly durable, versatile, sustainable and price competitive form of hardwood flooring, bamboo has become a popular flooring option for many people. Endowed with an eco-friendly edge, the sustainability of bamboo makes it a unique and appealing flooring option especially in today�s age, where green practices have assumed importance.

Extremely strong, attractive, long lasting, and just plain gorgeous to look at and because of its environmentally friendliness, bamboo floors are increasingly becoming a popular choice with architects, interior designers, home-owners and businesses, for uses in homes, offices, hospitals, restaurants, hotels, malls and showrooms and so on. Manju Singh of Worldkids Foundation supporting the governments National Bamboo Mission says, �Bamboo flooring can be used wonderfully as wall panels too. It is as good as wooden flooring and comes at half the price, making it a strong yet cheaper option. The price for bamboo flooring (Maisangboard) ranges from Rs 200- 210 per sq ft, which is a good deal for a green product. It is an ideal choice if you want to have a nice wooden-cottage feeling.�

Bamboo is considered a rapidly renewable source of wood as it grows very fast. It grows back to a mature height in anywhere from three and a half to seven years as against an oak tree that can take more than 120 years to be strong before it becomes suitable to be harvested for wood!

Bamboo floors impart a stunning look to any room and can be adapted to any decorating style. They also come at a reasonable price making it a wonderful option for redecorating on a budget. Moreover, they come in a wide variety as bamboo itself can be dyed into many colours or kept completely natural, finished or unfinished.

An ideal choice to go organic with your decor!

Courtesy:- Times Property dt:- 12/12/2009

Anant Raj Group Launches Commercial IT Park in Sec � 8, Manesar with assured return for office space in Gurgaon - Manesar

Mon, 14 Dec 2009 11:25:41 GMT

Your preference for a work culture of elegance and class now has a heavenly address � a fully integrated global technology park located in Manesar Gurgaon. Built over a sprawling lush green 10-acre expanse in the breathtaking Sector-8 Technology Park Complex, Anant Raj Technology Park will house state-of-the-art technology towers and also feature a luxurious, fully-furnished housing complex, full-fledged shopping area, and sophisticated leisure and recreational facilities.

Features

The Design Parameters

� Achieve maximum open spaces for spill over, activity, leisure walks, sports events, cultural congregations, meditation and introspection.

� The entire ground floor in the technology related halls to be used for common amenities and recreation, like cafeterias, gymnasiums, conference halls, travel desks, business centers, spas, meditation and yoga centers, libraries, shopping and sports facilities like the stadium and the amphitheater to hold events.

� Create working spaces that enable maximum daylight, view and natural ambience, minimum travel distances and highly efficient vertical cores. The vertical cores and the elevators to be designed for lowest waiting time and maximum handling efficiency.

� Maximizing use of eco-friendly and energy efficient construction materials.

Manesar... The Plus Factors

� The central landscaping to be interspersed with water bodies, misters, fountains & plazas to create a resort like feel.

� Anant Raj Technology Park will have a resort like working environment.

� Dense plantations and lush green ambience will have

o Joy walks & ambling through breezy tropical gardens.

o Pathways to have a cobbled rough granite stone block flooring.

o Car porches & traffic plazas to have in brush finish granite flooring.

o Abundant and dense plantation in front and along boundary wall.

Shopping Area

� Approximately 40000 Sq. Ft area available at Ground Floor.

Services

Energy Conservation Parameters

� To ensure complete conservation, harvesting and recycling of non renewable resources like water, and energy.

� Use of solar panels and to generate alternate energy as much as possible.

� Use of highly efficient double insulated glass to reduce the incident of heat loads and other harmful rays.

� Insulating all terraces and use of non absorptive reflective materials.

Access and Circulation

� To create separate loops for specific visitors accessing the building and allocating proportionate amount of parking space based on the traffic analysis.

� All three basements to have maximum coverage to achieve one car per 400 sqft of usable space.

� Quick access and exit for basements through 10 m wide ramps at a slope of 1:12.

� Providing two way minimum 10m wide roads and separate car drop off loops for all the buildings.

Other Facilities

� 4.2 m floor to floor height to get minimum of 10' to 12' after false ceiling to create esthetical spaces.

� Future provisioning for all power and services requirement.

� Centralized DG sets to cater to full loads and power back up.

� Sensor controlled facade lighting for engineering excellence.

Communications & Networking

� MUX facility on a fiber-optic backbone.

� Vertical shafts connecting at all levels for dish & radio antennas.

� Entire complex on BMS system for Service & Efficient energy consumption.

� Sound system compiled with the PA system.

HVAC System

� Water based chiller system.

� Sensor controls AHU's wired to BMS room for temp. & humidity control.

� Treated fresh air with ozonizers, carbon monoxide filters.

� Parking areas to be ventilated & carbon monoxide filters to be installed.

Facade

� Facade to be an Engineering marvel & finished to world class standards.

� Iconic blending of art & technology that would stand testimony of time.

� Metal canopy on the terrace spanning the towers on all side will create a spectacular display of authority and distinction.

EnsuringTimelines...

To ensure quality and timely deliveries of the project, Anant Raj Group is rapidly expanding its inhouse construction wing and project dedicated management team. A round the clock monitoring of the project and strict adherence to the pert charts is producing state of the art onsite results.

Safety & Security

SAFETY PARAMETERS

� To design the buildings for seismic zone V and take additional factor of safety to compensate for incidental factors.

� To ensure minimum travel distances to all cores, considering factors like interior layouts and furniture and other impediments during an actual emergency.

� To provide helipads and other ingress and exitroutes to the building.

� To make the entire complex handicap friendly.

� Complete security surveillance through CCTV and PA system.

� Complete fire fighting and fire detection system.

For more info: http://www.zameen-zaidad.com/Anant-raj-manesar.aspx

Espire Infrastructure Launches assured return for office space in Gurgaon Manesar

Mon, 14 Dec 2009 11:17:47 GMT

Project Name Spire Edge Gurgaon

Name of Builder Espire Infrastructure

Project Type Office Space

Price As below

Location Gurgaon

The challenges of the new world order of business are very different from those in the past. Forever increasing need for bigger office space. Growing costs of running the office. Rising fuel costs. Water and power shortage. Even the Climate change. All things big and small that are already impacting not only the way people work, but also where they work.

With bitter experiences of the past, Corporate are now increasingly demanding an office that will be relevant in the future. We at Spire World have studied every challenge, variable and opportunity that the future has to offer. The result is Spire Edge - the 1.6 million sq ft eco-office complex theta??S ready for any challenge that future has to offer. Which makes it a perfect investment opportunity in the fastest growing markets of them all - IT Infrastructure. Spire Edge, an investment that will stand tall even when the future turns

Assured returns will be giving to investors as computed on an annual basis, payable monthly after deducting all taxes applicable. Returns shall be applicable and commence only upon receipt of 100% Payment.

Assured return with be given on Part A i.e. Initial Investment Only

Assured returns will be given to investors as computed on annual basis, payable monthly after deducting all taxes applicable. Returns will be applicable and commence only

Any delay in subsequent CLP installments shall result in non eligibility for assured returns on initial 50%

12% assured return for office space in Gurgaon Manesar

13% assured return for office space in Gurgaon Manesar

14% assured return for office space in Gurgaon Manesar

15% assured return for office space in Gurgaon Manesar

For more info http://www.zameen-zaidad.com/spire-edge-gurgaon.aspx

Alliance Nirmaan Limited Launches ResidentialProject CITY ONE in RUDRAPUR

Sat, 21 Nov 2009 10:20:14 GMT

Abode of gods and land of sages � that s what Uttrakhand is most famously revered as. The state is globally renowned for its adventure, valley of flowers, and crisp Himalayan air. Add to it the lure of religious tourism � the state is home to the Chardhams. The state government is taking all possible steps to promote the state as a religious & adventure tourism destination, with an eye on the industrial growth. The industrial belts and SEZs are being developed in and around Dehradun, Rudrapur, Haridwar, etc to encourage rapid and irreversible overall development of the state.

Rudrapur: A Star Industrial Hub

Rudrapur is a small and a beautiful city in the Udham Singh Nagar District in Uttrakhand and is known as �The Gateway to Kumaon Hills�. Rudrapur�s ascendance as a star industrial hub and a modern urban center has been prompted by economic, demographic and geographic factors, and the centre s tax holiday for industries is giving a boast to this development. These factors have combined in making Rudrapur one of the hottest real estate markets today.

Economic Incentives: -The rush in real estate developments is primarily the result of tax and economic incentives announced by the central and state governments to prompt industrial growth. The latest scramble has been triggered by the declaration of Rudrapur as a non-tariff area for central excise, custom and sales tax duties for a period of 10 years. This span may also be extended by the central government. This has prompted industry players to set up big plants here. And, numerous corporate houses have already gained a foothold here. Companies that begin production before a cut off date and are in the notified industrial areas were offered 100% excise exemption for 10 years, 100 % income tax exemption for the first 5 years and 30% for the following 5 years. They have been offered concessional central sales tax of 1% for 5 years and a capital investment subsidy of 15% with a cap of Rs. 30 lakh. The total expected employment generation would be around 44000 in SIDCUL alone.

This Uttrakhand town in the plains is emerging as one of the fastest growing industrial spots in the country with big Indian and Multinational companies of the likes of Nestle, Tata, Britannia, Dabur, Honda, Bajaj, Parle, Jindal, Mahindra & Mahindra and Voltas, to name a few, investing over Rs. 30000 crore. With around 400 companies expected to start operations in the next one-year alone, Rudrapur is poised to be the new industrial hub of India

For more info log on to http://www.zameen-zaidad.com/city-one-rudrapur.aspx

PIYUSH GREENS LAUCHES RESIDENTIAL PROJECT IN RUDRAPUR

Sat, 21 Nov 2009 10:13:25 GMT

Peace tranquility store space in harmony with nature at the Piyush Group Housing Project, Rudrapur not far from the scenic lakes, Nainital.

Our Group Housing project , spread over an area of 6,50,000 sq. ft. on Rudrapur - Falsunga Road comprises over 520 apartments of 2 & 3 Bedroom in 5 Levels.

The project is located 3 kms from the main city in Kicha Road and is opposite to Radha Swami Project.

Salient Features:

Exotic landscaping and open area .

Swimming pool and health club .

Provision for visitors car parking .

Community Hall, Convenience Stores and ATM.

Building design for earth quake resistance .

Club House, Party Lawn, Entry Lake and Fountain.

Earthquake resistent building structure

Low rise apartments

Roll of piyush Group In Real Estate:

Piyush group has ventured into various facets of real Estate and construction. In the Indian real estate scenerio, Piyush Group is involved in development of Integrated Township, Group Housing Projects, Commercial Mall....

For More info log on to http://www.zameen-zaidad.com/piyush-greens-rudrapur.aspx