Friday, 7 December 2018

Where to invest in South Bangalore for property?

Bangalore with in-numerous migrants is also one of the direct reasons for the development and transitions happening in this Silicon Valley of India. Umpteen numbers of firms and startups in the city assured with the high end salaries and the best settlement option and finally the moderate temperature throughout the year. Prestige felt a safe stay is missing in the above phrase. To add it, Prestige is up with Prestige Elysian towards the Southern Bangalore.


About the builder


Prestige developers with the trending innovative thoughts and technology and always giving the best it can for the customers. The satisfactory experience of the customers made Prestige to earn goodwill and thus is still standing in the top position. It started in the year 1986 and is now very familiar mostly towards the southern region of the country. Till date, Prestige has completed over 210 projects which layered around 80 million sq. ft and is ongoing with 53 projects in hand which layers around 54 million sq, ft and have got dealings for further 35 projects and 48 million sq. ft. The quality system they maintain is the planning, development, marketing and management of residential, commercial and Institutional layouts.
Prestige Elysian Apartments
Prestige Elysian



Real Estate trends towards the South Bangalore


With a constant price rise of the real estate in Bannerghatta itself shows the demand of real estate in this locality which is directly a reason for the development of the firms and residential projects. The price trend is never constant and is unpredictable for the same reason. Few other attractions like lakes and parks in this area attract the inhabitants. Amongst all the existing projects in this locality, Prestige Elysian is the perfect project coming up with the best e resort like amenities and the features of the property. The prospectus of this project also states the amenities and the specifications


Location and Amenities


Location and amenities are always on the top list when looking for a residential property. Location wise, this property is pinned at an ideal position. Bannerghatta itself evidences many companies and is also a residential place which is very near to the other employment boards like Silk Board, Electronic City and Mahadevapura. This location enjoys easy movement to travel and comfortable in residing which is in reach to the employment boards. Along with location, another added advantage is the amenities it is installing within the property. It has all the modern and necessary essentials are in the closer proximity. The amenities go with the well hand in hand with the property and the resident’s living style. With a great maintenance, the demand for the property in Bannerghatta road is rising high.

With the stunning specifications and the installed interior designing along with its own slots for the electronic home appliances, this property is going to be your dream house. Hurry up and grab it.

Monday, 20 August 2018

Prestige Elysian - An upcoming residential project

Prestige Group brings the ultimate lifestyle Prestige Elysian at Bannerghatta, in Bangalore. Prestige Elysian is a beautiful project coming on the Bannerghatta main road very close to Meenakshi Mall. This pre-launch project is going to bring lots of happiness to all its buyers. The apartments of 1 BHK, 2 BHK and 3 BHK are beautifully designed homes with ingredients of the high-end specifications, facilities, and world-class Club facilities. This project on the Bannerghatta road is going to be a great combination of Luxury, location and landscape. This Bangalore project a home is something that is going to stay close to your heart while it’s going to be an added advantage if it’s closer to nature as well.
This project in Bangalore will provide a plush and serene atmosphere wherever you’ll be able to feel and breathe the purest air on earth.

Prestige Elysian
Prestige Elysian

Why should you invest in the Bannerghatta road?


Bannerghatta road is one of the best localities in Bangalore and is also the State Highway 87. This 50kms arterial Bannerghatta Road runs from the Hosur road on one side to Anekal town on the other side. This area was earlier considered as a far-off locality but the development of the area started soon after it came under the Bruhat Bengaluru Mahanagara Palike (BBMP) and with the coming up of many IT companies, educational institutions, healthcare centers and entertainment spots around on this road. The real estate market value also got picked up tremendously soon after that in the area.
was once upon a time considered far off locality started gaining prominence soon after it came under the Bruhat Bengaluru Mahanagara Palike (BBMP). Today, it is a bustling micro-market, which houses IT companies, best of educational institutions, healthcare and entertainment facilities.

Over the years the Bannerghatta road has become one of the most happening areas in Bangalore. This area is no doubt the best locality to invest in. A reason that can make you confident about the decision of buying villas and apartments on the Bannerghatta road is that if you are a person working close by this locality then you can work more but at the same time relax more too as you are going to save a lot of time on travelling to your workplace.

With the Bannerghatta road becoming an IT hub of the city because of the various companies that it houses like Oracle, Honeywell, IBM, Accenture, Convergys etc.

With so many work options around it will definitely not be a bad idea to invest on this road. The return on your investment is also going to be tremendous in the future.

So what wait for…? Call us to get more details on the Prestige Elysian, Bannerghatta road property. 

Tuesday, 30 January 2018

Will property taxes for rental property be deductible in 2018?

The property taxes for rental property can be deductible in 2018. Your typical rental expenses are basically electricity, heating, water, advertising, repairs and maintenance of the rental premises, interest portion of the mortgage, property taxes and legal fees if you have spent money to recover your rent from the current tenant or from the previous tenant. If you look at the pre launch projects in Bannerghatta road, you can be assured of proper demarcation of taxes and they are paid on time. All the expenses and maintenance amount are handled by the apartment or project authorities. Bangalore is coming up with just real estate projects that are quite transparent with their work

A little more into the discussed topic 

The taxpayers will be able to deduct their 2018 rental property taxes on their 2017 returns if they pay those tax bills before the end of the year—and only if the taxes were assessed before 2018, the Internal Revenue Service said in a news release.

 Bangalore has come up with a grand project – the Prestige Park Square which is an epitome of enviable amenities and apartments and it can be taken for rent as well if needed. Those who have already gone for rented ones can deduct the property tax for the rent. Prestige Park Square ensures some spacious and lavish units for all those who wish to live a luxurious life. Bannerghatta Main Road aids all the connectivity to various parts of Bangalore. Prestige Park Square, Bangalore has many schools, hospitals, IT Tech Park, commercial complexes and many other social infrastructures in the near proximity. So investing in projects of this sort can be profitable. 

 Property taxes for rental property are likely to be treated as a business expense against rental income. Thus, there would be an expense on a “schedule C” business, rather than a deduction against personal income. Real estate market would be affected to a certain extent. Income earned from leasing land, buildings, and that of furniture is subject to a non-final 15% withholding tax, levied on the gross rent. This tax is credited against the taxpayer’s total income tax liability.

Taxable income is computed on the basis of the actual rental value of the property or the government determined rental value, whichever poses to be higher. A standard deduction of 30% is granted for repairs and collection charges. Interest payments relating to loans used for the construction, acquisition, and repairs of the property are also entirely deductible.

 Property taxation is actually a very interesting sector. There is no comprehensive system of property taxation. Not only does it differ among the states, but it also varies between the municipalities within the states. For leased properties, property tax is levied on the annual rental value of the property. Hence, rental property taxes can be mostly deductible this year and this is applicable for most of the states. Bangalore is one of those cities who have been assuring this fact. The propping up of innumerable luxury projects are about to change the entire scenario.

Monday, 29 January 2018

The Peninsula Heights Amenities – A Class Apart!

A real estate project is always judged on the basis of some indispensible factors and amenities are certainly one of those. Peninsula Heights by the reputed builder Peninsula Land Ltd. has all of the enviable and world-class amenities. The peninsula heights apartments are of 3 BHK, 4 BHK and 5 BHK facilities. The project comes with 2-level car parking and separate space for guest cars. There are amenities galore such as swimming pools for kids and adults, senior citizen corner etc. Peninsula Heights is a stone's throw from important hubs of the city, schools, hospitals, shopping malls and movie theatres. Public transport connects JP Nagar with all parts of the city. Peninsula heights jp nagar is ready to set a benchmark with all its amenities and specifications. The Project has got 2 towers namely Crown Tower and Ascent Tower.
Peninsula Heights
Peninsula Heights


Amenities and specifications –

·         This is the hub of contemporary lifestyle amenities and breathtaking landscape views where a newer generation family will experience thrill and indulgence.
·         The Ascent tower of this project comprises 16 floors with 3 and 4 bedroom apartments with private lift lobby area while the Crown Tower consists of 20 floors and has got all the 3 types of  homes including 5 BHK Duplex and Penthouse.
·         Rain water harvesting, Solar lighting, Children play area, Barbeque area, Senior citizen corner, Children’s pool, State of the art gymnasium, Table Tennis, Squash court, Board games, Billiards room, Aerobics and yoga room, Mini theatre, Indoor golf simulator, Multipurpose hall, Business centre, Library and reading room, long stretch of jogging track etc. are managed to be equipped within the same premise and all of them are indeed enviable.
·         Club House, Community Hall and Departmental Store are also been placed within the premise.
·         Imported marble flooring and skirting has been provided in living, dining, master bedroom, Puja room and passage. Premium wooden laminated flooring and skirting have been used in family room and one bedroom.
·         Vitrified tiles flooring and skirting in other bedrooms are the main attractions of bedrooms.
·         Coloured video phone with intercom and camera are adjusted outside the main door.
·         Acrylic emulsion paint has been used throughout. Exterior grade emulsion for utility and deck and balcony areas ensures quality materials.
·         Cornice for the entire apartment has been provided. Clear 10 feet floor to ceiling height in apartments and Partial power back-up within the apartments have also been equipped.
·         The project is well equipped with all modern amenities and 24 x 7 security service to facilitate the needs of the residents which actually ensure the safety of the inhabitants.

More than just having the best of amenities and specifications, Peninsula Heights can certainly boast of a very innovative and brilliant appearance of the project. The property is spread across 3.64 acres of land with large portion of land allocated for greenery and landscaping. The area of the 3 bedroom apartments ranges between 3240 sq. ft. to 3860 sq. ft. There are landscape and fountain adjusted in the lawn that helps in the embellishment of this magnanimous project.