510earth - Real Estate Consultants Kolkata | Top Real Estate Agents in Kolkata

Homes that comes under ₹ 45 lakhs fall under the category of affordable homes. Do you know there is a provision of deduction up to ₹1.5 lakh in interest on home loans taken for the purchase of house/flats under the category of affordable residential property. Under section 80EEA the deduction from taxable income will now be valid up to March 31 of the next year. Only one rider is attached to this : to avail this benefit, one must not own any other residential property as on the date of sanction of the loan. This rebate is above the ₹ 2 lakh deduction against interest paid on a home loan taken to buy a house under Section 24 of I-T Act. The above discussion means a total rebate of ₹3.5 lakh on interest paid on your home loan. If you are looking to buy a house worth ₹45 lakh and also thinking of taking a loan of ₹40 lakh for the purchase of house, the rebate that you'll get will cover the whole interest amount you have to pay in a year.   Moreover, if you fall in t...

  Most Indians are not in a need of much convincing to buy a home. Become a home-owner is the primary desire which is very deep into Indian Psychology. Buying a home is also a very basic idea of financial planning for most of the people. Then the question is not whether to buy a house, instead when to buy. So here are Top 9 REASONS WHY YOU SHOULD BUY A HOUSE NOW!!!!!!   1.       It is very true that end-users should not try to 'time' the real estate market, but it is very much evident that property rates are at their lowest. There have been no changes in pricing on the ones purchased new from developers for over a year. Buying now is as equivalent to buy houses at the lowest possible price.   2.       There are plenty of options available in the market, even the ready-to-move properties. Moreover, prices of Ready to move properties are almost equal to under-construction homes in many areas. This has never happene...