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Home loan tax benefits you need to know

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The central budget of 2017 gives an encouraging note to the home loan borrowers of the country. The government has introduced new tax benefits to the home loan borrowers. The reinstatement of section 80 EE and the lowering of holding period fetched delight for taxpayers.

Eligible for tax deduction on repayment

Both the principal amount and the interest amount of Equated Monthly Instalment (EMI) are qualified for tax deduction under two separate sections of IT Act of 1961.

Even if you failed to pay few EMIs during a financial year, you are eligible to claim the tax deduction for the interest of EMI. Section 24 of IT Act clearly states that payment of interest is qualified for tax reduction.

Section 80 C mentions that the principal repayment can be claimed under deduction.

Tax benefit for joint home loan

Home loan borrowers can claim individual tax benefit, provided they are the co-owners of the property.  Even if you are paying the EMI of the property owned by your parents/ spouse, you are not eligible for the tax deduction.

Claim tax benefit on interest paid during pre-construction period

You are eligible for tax benefit on the interest repayment of home loans once the property has acquired the completion certificate. Any interest paid during the construction period can be claimed in 5 equal installments starting from the financial year in which the construction is completed.

Processing fee and other statuary charges are tax deductible

The processing fees and other statuary charges are considered as the interest and as a result, these charges are applicable for tax deduction. According to section 80 C(2) (xviii)(d), any payment of stamp duty and registration fees are tax deductible.

Reinstatement of  Section 80EE

Section 80 EE is reintroduced with effect from April 1, 2017. The first time homebuyers will get the tax benefit for home loan up to Rs 50,000 per financial year. The value of the property should not exceed Rs 50 lakh and the amount taken for the loan should be less than Rs 35 lakh. The home loan has been sanctioned between April 2016 to March 2017.

Tax deduction for loan amount taken from Friends /relatives/employer

Loan taken from an employer, friends, relatives or private lender to buy a house is eligible to claim tax deduction for the interest under section 24. The borrower needs to obtain a certificate from the lender (relative/friend/employer) which shows the detail about the amount of loan taken and payable interest etc.

Welcome Kochi Metro!!

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Kochi Metro, the much-awaited urban transport service has come into existence on 16th June 2017.  It is a cherishing moment for all Malayalies.  Kochi, the commercial capital of Kerala has an improving urban mobility quotient. This Metro service is inevitable for its development.

Kochi is the eighth city in India with inter-city metro rail service, which spans 25 km across 23 stations. The 13 km long, first Phase of the metro project is completed with 11 stations from Palarivattom to Aluva.

How unique is Kochi Metro from others?

The first phase of Kochi Metro, which is about 13 km, is commissioned in a very short span of 45 days comparing the other metro services across the country.  It is considered as the longest first phase of all the metro rail services of our country.

There will be a vertical garden in every 6th pillar of the 4000 metro pillars which shows the eco-friendliness. Moreover, Kochi Metro becomes the first metro service in India to utilize solar power to meet 1/4th of its electricity needs. Every metro station is having solar panels, which can generate 2.3 MW. Kochi Metro is using Communication Based Train Control technology for a flawless service, which is considered as the first of its kind.

Every station of Kochi Metro is a theme based which depicts the maritime history of Kerala; local history of the city and it offers free Wi-Fi. All the coaches of the Kochi Metro are disabled friendly and reserve seats for women, children and disabled persons.  80% of the total employees are women and it offers employment to the transgenders.

Let’s stand together for Mother Nature

Environment fb-02Since 1972, Wold Environment Day is observed on June 5 every year all over the planet. The day is the biggest annual event for positive environmental action. It is also about raising consciousness about the Mother Nature and its significance of protecting it. Theme for this year’s World environmental Day is ‘Connecting people to nature’, which implores people to get outdoors and into nature, to appreciate its beauty and its importance and to take forward the call to protect the Earth that we share.

Skyline Post Sale Services

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Over the past 28 years, Skyline Builders has strongly established as the leading real estate developer in Kerala. Founded in 1989, the builder has over 6650 clientele from 53 countries and developed an area of 1.4 crore sq.ft.  Apart from that, Skyline Builders is the only Kerala builder with 139 luxury projects that spread across the 10 cities.

At Skyline Builders the relationship does not end by just selling homes, instead we welcome our clients to the large family of Skyliners. Our ethos is highlighted by an endless commitment to client satisfaction. With Skyline Services, our professionals and experts help every Skyliner to have a fret free-living lifestyle.

Skyline Services

Home Care Services

The Home Care Department at Skyline Builders consists of skilled experts who can manage the property in a professional way. We take care of your homes and provide supplementary services to homeowners making their life easy. A nominal fee will be levied for the services.

Our Home Care Services comprise of the following aspects:

Housekeeping

  • House Cleaning
  • Pest Control
  • Plumbing
  • Electrical Maintenance
  • Carpentry and Masonry jobs

Payment of Bills

We help our clients to have timely payments of the following bills:

  • Electricity Bills
  • Telephone Bills
  • Association Dues
  • Other bills like property tax bills, cable/internet bills etc.

Rental

For those who wish to rent-out their homes, we at Skyline Home Care will arrange appropriate tenants and high value rentals. All activities regarding this like preparation of agreements, negotiations, collection and deposit of amounts in bank accounts are managed from our Home Care Department.

Resale

It is a tedious task for those who want to sell their property. You may not get an expescted appreciation. Here, at Skyline Home Care, we have an adequate database of buyers and sellers for ready to occupy apartments.  Our highly skilled sales and marketing professionals will help you in getting the best deal for the property. 

Interior Designing

Now it is the time to change your house to a home. We have an excellent in-house Interior Department, with a team of expert hands in interior designing. They will take care of your ideas and needs, providing you a versatile range of options. They give appropriate suggestions which will help you to have the best interior design which suits your lifestyle.

Our key advantages are:

  • Innovative solutions
  • Proper documentation for work
  • Unmatched quality of materials
  • Customised solutions
  • Transparency in dealing with clients
  • Professionalised work execution
  • Timely delivery
  • Reliability

After Sales Services

After Sales Department at Skyline, professionally manage and maintain every home of Skyline Builders. This wing ensures the maintenance of electrical, plumbing fixtures and other finishing etc. Skyline Builders has a dedicated team of professionals who will periodically monitor lifts, fire fighting equipment, etc. The After Sales Department takes care and maintains all the amenities till the handing over of property to the Resident’s Association.

Skylineage

Skylienage is a privilege given to every Skyliner.  Every Skyliner with his family can make use of the transit home service free of cost, year after year.  We have transit homes located in six major cities across Kerala that include Trivandrum, Kottayam, Cochin, Thrissur, Calicut and Kannur. Enjoy your holidays with Skyline transit homes.

 

Reasons why you should choose Skyline Aristocrat

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1.Location:

Skyline Aristocrat is located in the heart of Cochin City that offers supreme benefits and advantages to its residents. This project is strategically located at P T Usha Road, which is just 100 meters away from M G Road Cochin. An address that is distinctly different, Aristocrat will be a new point of reference.

2. Locality

Aristocrat offers an affluent and iconic neighbourhood consisting of various social infrastructures like Ojas Nursing Home, St.Teresa’s Educational Institutions, Lakshmi hospital, Maharaja Metro Station, Subash Park, various shopping centres etc.  This project is facing two important roads, PT Usha Road on the eastern side and T D Road on the western side.

3. Design

The renowned architect group, the Bangalore based Synergy Consultants, conceived this project. The splendid and opulent 11 floor Aristocrat is a limited edition luxury apartment project. Aristocrat brings lavish 3 BHK apartments with top-notch specifications. There are only 2 apartments per floor facing east and west which ensures abundant cross ventilation without compromising privacy. The apartments are available in two different sq.ft ranges ie, 2248sq.ft and 2398 sq.ft.

4. Premium Project

The 11-storied Aristocrat is truly a one of its kind luxurious lifestyle experiences. The 18 units include 2 super luxury duplexes. This project is fully equipped with world-class recreational amenities that includes a rooftop swimming pool, fitness centre, AC multi-purpose recreation hall, driver’s room etc.

 5. Value for Money

Skyline Aristocrat is just launched and as of date, only few bookings have happened. The locality and location is poised for big growth once the metro is commissioned by June 2017. This will lead to significant value appreciation. In this locality, there are only very few luxurious residential apartments available. Once the project is completed, there will be a significant appreciation is expected because of the uniqueness of the project and the location.

Let’s Celebrate Thrissur Pooram!

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Thrissur Pooram, the festivals of festivals is celebrated with all the majesty and grandeur. It is one of the most famous cultural festivals of our country.  Thrissur Pooram, which is the brainchild of Sakthan Thampuran, is usually held in the Malayalam month of Medam (April- May). Tens of thousands of people around the globe gather to witness the pompous   festival. With majestic caparisoned elephants, the kudamattom, Elanjithara melam along with the fireworks that last all the night long is the major attraction of this famous festival.

Skylineage : It’s a privilege to all Skyliners

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For the first time in Indian realty industry, a home-builder is offering free outstation stay for its clients. Skylineage is a service offered to our customers and their family. It is a unique option for every Skyliners to stay free of cost, at any of the transit homes across Kerala. We have transit homes in 6 major cities that includes Trivandrum, Kottayam, Cochin, Thrissur, Calicut and Kannur. All the transit homes are set aside for the comfortable sojourn of every Skyline homeowners, when they visit these cities.

All transit homes are fully furnished with basic creature comforts. It is a privileged stay for our clients and their family year after year. Skyline Homecare division is in charge of the upkeep and bookings of these transit homes

Skyline Launched its 139th Luxury Apartment Project at P.T Usha Road (Off M.G Road), Cochin.

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Skyline Aristocrat is the 139th luxury apartment project from Skyline Builders. Aristocrat is a limited edition luxury apartments located at PT Usha Road (Off M.G Road) Cochin. This project offers exclusive 3 BHK luxury apartments in 11 floor single tower. Aristocrat has only 2 apartments per floor, which comes two different combination, ie, 2248 sq.ft and 2398 sq.ft. Each home is intellectually designed to provide ample ventilation.

Another distinct feature of Skyline Aristocrat is its proximity to all major civic facilities like educational institutions, mall, shopping centres, parks, bus station, metro station, railway station, hospitals etc.

Skyline Aristocrat offers a unique wealth of comforts and luxury amenities like rooftop swimming pool, fitness centre, games zone, multipurpose recreation hall, children’s play area, biometric access control to main entry lobby, driver’s room, generator back-up and intercom facility.

For more details, call: 9744413300, 7561822266, 9845700111

The early bird benefits of buying an apartment in a new project

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Owning a home is a dream we all chase. However, the decision to buy a new home isn’t an easy one. You’re quickly catapulted into a maze of questions on just about everything connected with the purchase.

Here, we share with you a key secret–once you’ve decided on the choice of the project, buy fast. Seemingly simple, it’s nevertheless wise to follow this rule. Here are the reasons.

       Well, for one–it gives you the best choice. An early buyer can choose an apartment on any floor and that too with the orientation one prefers.

       Secondly, in the early stages of project execution, realtors generally charge a flat rate for all floors. Usually, it’s only later the Height Elevation Charges become applicable.

       At an earlier stage, it’s still possible for a buyer to request to make changes for his apartment. This customization albeit in a marginal manner ensures that your dream home has everything on your wish list.

       When it comes to the price front, the fast decision-maker stands to gain a lot. The lowest price almost always goes to the first buyers. Naturally, taking the buying decision as quickly as possible makes the apartment affordable to you, well within your means.

       The early buyer’s advantages don’t stop there. Another attractive feature is about their property loans, which can enjoy a much longer repayment period.  This means more affordable EMIs and financial ease.

Evidently, the property market too follows the proverb ‘The early bird gets the honey’.

Welcome to the most luxurious ready to move-in villa project at Kottayam.

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Skyline Oasis is a serenely elegant 30 luxurious villa project set amidst a green meadows with lush woodlands. This project is located in the most tranquil living environ of Kottayam, Sankranthi. Tucked away from the hustles and bustles of the city, the project has close proximity to all urban civilization that includes numerous multi-speciality hospitals, educational institutions, shopping centers etc.  Just 2 km off MC Road, this project is well connected to the Kottayam and other areas of the city.

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This villa project accommodates luxuriously crafted 30 villas of 3 &4 BHK in a vast green vista of 2.88 acres. You have a choice of villas from 1812 sq.ft to 2417 sq.ft, of both 3 and 4 BHK.

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Skyline Oasis offers a well appointed clubhouse with all world-class amenities   and the round clock security offers you an international lifestyle.

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Skyline Builders Real Estate group offers you Luxury Apartments, Villas, Homes and Flats all across God's own country – Kerala, India. Skyline Builders™ is the #1 Builders in Kerala. Skyline invites you to join our ever-growing community of satisfied customers... into a world where dreams do come true... where unmatched quality goes hand-in-hand with affordable rates... where aesthetic beauty in a clean green environment is coupled with all the essentials for practical living... an investment that is a celebration of your success. The Skyline Group has been in existence since 1980 and Skyline Builders™ is the flagship unit of the group. We provide luxury villas and apartments across Kerala esp. in Kochi (Ernakulam/ Cochin), Thrissur(Thrichur), Trivandrum(Thiruvananthapuram), Kottayam, Kozhikode (Calicut) and Kannur. With the IT boom in full swing, Skyline Builders is providing housing facilities near Infopark-Kakkanad and Technopark- Kazhakkottam.

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