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

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. 

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.

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

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. 

Investing in a prime location or an upcoming locality in Bangalore, which one would you choose?

Investment in the realty sector is considered as a gem in this subcontinent. It has been this way even in the past and holds goods till date. But the most important factor in deciding about the quantum of investment, the location of the project is what you should focus on.

So, what are the locations which you could invest in? Now, it surely makes sense that you invest in the prime localities of this megacity. But this will surely burn a big hole in your pocket, in terms of investment. So how can you invest in a property and get good returns at the same time without it being in the prime locations of this city?

Well, the answer is simple as it may sound but difficult to understand. “Invest in the outskirts of the city”, For instance New Residential Project in Devanahalli Bangalore, are coming up rampantly and this is what a real-estate advisor would suggest you. But there is more to it, what a buyer can do is basically he/she can invest in some of the key locations of this city. These locations are not exactly the outskirts of this megacity but they are in the vicinity of the IT – hub. Since these localities are in the vicinity of the IT-sectors they will definitely give you good returns. So if budget is a constraint, then it is definitely the best option to opt for. Suburban areas have a relatively better outlook where there are a fair number of choices; options in the nature of land you want to purchase and a diverse pool of developers from which to choose.

So which areas are those?

Firstly, Devenahalli, which houses an air-force base in the vicinity is the next hot-shot locality coming up in the northern sector of the city. Currently, the area has over 150 projects, out of which over 100 are ready to move while few more are going to offer possession in the next few months. Currently, the average price in Yelahanka has witnessed an appreciation of 21% in the last 45 months. Embassy Spring plots in Bangalore will range from 2100 – 5400 Sqft. and will be affordably priced. Additionally 60% dedicated open space will be emphasized so as to allow sufficient amount of sunlight and fresh air to revitalize each and every resident in the morning so that one can fight the day head-on.   

Secondly, Sarjapur Road, another fantastic locality is considered an investors go-to place. Several renowned builders are developing world-class residential developments spanning over the entire locality, bringing this micro market to life after the hit because of the government reforms. While infrastructure development is all set to trigger the pace for realty price movement, the central government has given nod for the construction of Peripheral Ring Road connecting Tumkur Road to Hosur Road via KR Puram, Bellary Road and Sarjapur Road.

Bellary Road

The elevated expressway has made this area promising for investors who are hunting for residential real estate property in Bengaluru. While the number of projects offering affordable flats in Bengaluru in this area is comparatively low, builders are offering plots in Bengaluru and land parcels to investors across the price range. This is a great opportunity for investors looking for good deals in pre-launch projects.

The market is recovering at an impressive rate and there could not have been any better time to invest in the real-estate sector. So why wait when the opportunity is presenting itself in front of you. Get in touch for availing the best properties at best prices. 

Read more about the upcoming project in Bangalore prime location: 
The Best Option For Real Estate Investment In Bangalore
Godrej Aqua Residential Project Hosahalli

What's So Trendy About Prestige Park Square That Everyone Went Crazy Over It?

Prestige Park Square Bangalore is a soon to get launched project and is situated in one of the best locality of Bangalore the Bannerghatta road and enjoys superior connectivity to all points of interest situated in and around Bangalore. This Project Prestige Park Square is situated in a region which is very convenient for the IT professionals at Bannerghatta Road. What makes the upcoming project Prestige Park Square one of the most popular ones is its brilliant locality linking it with all the important places in Bangalore.

Prestige Park Square Property in Bangalore is easily reachable to all major locations of the city. Each room of the apartment is outfitted with all the newest amenities which help to stay contented with the family. Prestige Group plans to introduce a number of indoor games for the small age group to elderly lot so they can simply spend their leisure hour with more fun and happiness. They also plan to build the apartment with comfortable parking facilities that can be easy to access the car at any time.

Prestige Park Square is blended with tranquil location and trendsetting facilities. The location of the residence keeps you away from the busy life of the city. Large and well ventilated residential dwelling featured with all futuristic amenities and technologies. Prestige Park Square is one of the carefully planned abode by Prestige Group, which is decorated with all the accelerating features, facilitating its inhabitants to feel the exclusivity as well as character at every end.

Prestige Park Square Price

The Prestige Park Square project is not launched yet and hence the pricing and other details pertaining to the project are not yet revealed. This project will get launched soon though.

About the Locality

Upcoming Prestige Park Square project located near Gottigere on the Bannerghatta road is a part of south Bangalore. The project is surrounded by areas like Doddakamanahalli, Basavanapura, Ramanshree Nagar and Weavers Colony. The area is near to the NICE Road. The neighborhood is a much popular locality among the home buyers for its proximity to Electronics City and Bannerghatta Road.

The Gottigere real estate is a rapidly growing area thanks to the IT establishments. There are a number of reputed developers that are working on properties in Gottigere, including the Mantri Group, Ajmera, Puravankara, Prestige, Nandi Housing, ND, Kristal, Salarpuria and SMR Holdings. 

Blogs Referral : Pre Launch Projects in Bangalore South

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Prestige Jindal City Apartments | Tumkur Road | Bangalore

Prestige Jindal City Apartments | Pre Launch Project by Prestige Group

Prestige Jindal City - A moving toward extravagant hotel wander from Prestige engineers. Prestige Jindal City Located in Bengaluru which is the best township of Bangalore because of its closeness to Peenya and the National Highway. Prestige Jindal City takes after a betray garden of peace in the center of the city. It is planned to make every townhouse a shelter of insurance. A clubhouse that is all around equipped with rich extravagances rounds things off to faultlessness. With this headway Prestige Jindal City has the proper measure of room you require, all the indulgence your lifestyle demands, while up 'til now arranging you near the downtown territory. This endeavor will be a best check lodging headway from the Prestige planners and are to a great degree on edge to make Prestige Jindal City a land stamp change in Bangalore.

Prestige Jindal City is the pet endeavor of the Prestige Group. This new pre dispatch wander springs from the new sources, considerations and inspiration of the pioneers of the Prestige Group. The Prestige Group has endeavored an all the more sharp approach to manage gather the best in class lodging space. The ultra-exhibit day condominiums of Prestige Jindal City are set up to put a colossal emphasis on the individual's adaptability. The Prestige Group has come to reputation as a standard property build for showing lodging pads in the amazing zone of Bangalore, the Garden city of India.

Prestige Jindal City Apartments Located in Tumkur Road Bangalore is one of the deliberately engineered endeavor that is upgraded with all the animating highlights of ultra cutting edge time, drawing in you to recognize the eliteness and furthermore character at each end. In the future, Prestige Jindal City offers you to lead life all the more promisingly in the most satisfying way watching the most general level work environments enabling you to feel balanced from the cheery living.

The headway of Prestige Jindal City is all things considered spread past wide portions of place where there is an area having most energizing greeneries that is totally spread all through till your eyes can reach. Prestige Jindal City range is considered as a prime domain of Tumkur Road, Bangalore and recognizes unfathomable joining to all purposes behind interest organized in and around the city. Standing is orchestrated in a zone which is to an incredible degree beneficial for the IT pros. Prestige Jindal City is one of the extreme new private ventures by Prestige Group at Tumkur Road, Bangalore. Prestige Jindal City floor cost is impeccably spread over significant segments of place that is known for rich green land and offers units of especially ventilated 1, 2, 3 and 4 BHK private houses. The estimations of the cushions are running in various square.

Prestige Jindal City Bangalore discovered ideally in Tumkur Road, which is the quickly creating neighborhood in North West Bangalore.

Prestige Jindal City is built with the best quality materials which are extremely critical as a profession. A portion of the pleasantries that are accessible in this venture are Swimming Pool, giving best Processing inside your chance length, Tennis and Basketball Courts, Chip and Putt Golf Course, Swimming Pool and dash Pool, Golf Course Club, Children's Play range, Sit-out for Senior Citizens, Party Lawn with classy Lights, Spa and Wellness Club.

Prestige Jindal City Price

Prestige Jindal City Pricing details will be available on request.

Unit Type	Size In Sq.Ft	Rate per Sq.Ft	Total Basic Price
1 BHK	N/A	N/A	N/A*
2 BHK	N/A	N/A	N/A*
3 BHK	N/A	N/A	N/A*
4 BHK	N/A	N/A	N/A*

Location Map 

You can have a look at the video of this project below 👇

Prestige Jindal City-About Builder

Prestige Groups Projects Ltd. is a land and the lead organization of Prestige Group in the South India. Prestige Group established by Razack Sattar in 1986 imagined an accomplishment story holding up to come to fruition in the Retail Business. Since its setup in the year 1986, Prestige Estates Projects has undeniable rapidly to end up noticeably one of South India's principal Property Developers, helping shape the horizon over the Residential, Leisure, Retail, Commercial, and Hospitality areas. The Prestige Group has many national and worldwide honors in 11 different classifications. Prestige Group has built up various lodging states and business spaces in Mysore, Bangalore, Chennai, Mangalore, Kochi and Hyderabad; few among them are The Forum, Prestige Golfshire, Prestige Shantiniketan, Prestige Acropolis, The Forum Value, The Forum Vijaya and so forth.

Prestige Jindal Contact : +918123924944

RERA and its Impact in Real Estate Market

RERA. How will RERA benefit you?

RERA (Real Estate Regulation Act) is the new life-saver in town for all buyer who were previously tensed about builders betraying them. Real Estate Regulation Act (RERA) is going to shield buyers from delays, fraudulent claims and false advertisements. Homebuyers may finally be able to forget about inordinate project delays and filthy construction quality.

RERA and its benefits you receive as a home-buyers

Builders can't charge for area outside the walls i.e they can’t charge you on super-buildup-area (SBA)

The buyer will pay only for the carpet area and that it. The builder can't charge for the super built-up area, which is a common practice currently. For instance, where you get 900-1,000 sq. ft. carpet area if you book a 1,300 sq. ft. house (the rest is balconies and common spaces), you pay for the whole 1300 Sqft. in present day scenario.  The new law is expected to stop this practice for good.

Builders responsible for any defect in the house

The builder will have to provide a solution for any structural defect in the building for a total of five years. Basically, RERA also states that any structural defects brought to the notice of a promoter within a period of five years from the date of handing over possession must be rectified by the promoter.

Builders can't use your money to make someone else's house, yes you heard that right. They did siphon off your money for some other project.

The developer will have to transfer 70% money received from home buyers to an escrow account. The builder has to use this amount as per the stages of construction.

Quick redressal of grievances

In accordance to RERA, regulatory bodies and appellate tribunals have to be set up in each and every  state to solve builder-buyer disputes. This has to be done within 120 days.

Consent of 2/3rd allottees about any other addition or alteration.

For any changes to be made by the developer, the developer should have 2/3rd allottees consent. If they fail to get the support, then the design related or any such things can’t be employed by the builder in the particular project.

Now you may think what advantages do buyers have for projects which are already under construction. Firstly, every real estate project (where the total area to be developed exceeds 500 Sq Metres or more than 8 apartments is proposed to be developed in any phase), must be registered with its respective state’s RERA governing council. The existing projects where the occupancy certificate (OC) has not been issued, those are required to comply with the registration requirements under the RERA Act.

Secondly, after the implementation of the Act, home buyers will be able to monitor the progress of the project on the RERA website. This will be possible since promoters will be required to make periodic submissions to the regulator regarding the progress of the project.

A brand-new project is coming up on the Tumkur Road, which will be RERA registered and under all the rules and regulation. Prestige Jindal City Apartments Bangalore is the latest brainchild of Prestige Group, offering 3000+ units in 1, 2, 3 and 4 BHK variants. Get in touch to get a detailed info about the project. It will surely amaze you, best-in-class project in North West Bangalore.