Governments’ sweet decision to reduce the charges on stamp duty will bring smile to both home buyers and developers.
Lets’ get this straight:
- Stamp duty on sale agreement reduced from 0.25% to 0.1% limited to a maximum of Rs 20,000
- Stamp duty on joint development agreements and GPA at 1% of market value limited to a maximum of Rs 1.5 lakh
- Stamp duty on agreements relating to shares, debentures and other marketable securities reduced from Rs 200 to Rs 50 and on note or memos given to brokers, depositors and fixed at 0.01% limited to a maximum of Rs 50
- Stamp duty on DTD reduced from 0.25% to 0.1% limited to a maximum of Rs 50,000
- Amendment to Stamps Act to plug evasion of stamp duty in transfer of apartment or a flat
- Provision for adjustment of duty when property is sold to GPA holders Rationalisation of fee for cancellation of deeds
- Stamp duty on amalgamation and demerger of companies reduced from 5% to 3%
- Levy of stamp duty at 1% on TDR agreements
- Rationalisation in stamp duty on lease and licence of properties for duration of less than 1 year: stamp duty of 0.5% and a maximum of Rs 500 for residential buildings levied. From 1 year to 10 years, 1% on average annual rent and advance; from 10 years to 20 years, 2%; above 20 years and up to 30 yrs
Courtesy: Times Of India.
We don’t need to explain a thing about the creative release. The creative says it all, click here. If you’re a boss at a company, do check this out… you’ll love it for sure.
Bangalore city has been expanded, expanding and will expand rapidly. Keeping a check on this amazing growth rate along with the outskirts’ low land prices, Bangalore Development Authority (BDA) has planned an ambitious 116 km Peripheral Ring Road (PRR) project for execution to ease travel to the outskirts.
To have a look at the Comprehensive Development Plan (CDP) 2015 from BDA of Yelahanka, click here.
The Phase I – which includes four lanes on either side with service roads and grade separators, pedestrian and vehicular underpasses on requirement. This phase connects – from Tumkur Road (NH 4) to Hosur Road (NH 7) crossing Hessarghatta Road, Doddaballapur Road (where Edifice Builders‘ prestigious Almond Tree project exists along with our milestone Villa Valley project gearing up for the launch shorting), Bellary Road, Hennur Road, Old Madras Road, Varthur Road, and Sarjapur Road.
The Phase II - connects from Hosur Road to Tumkur Road, crossing Bannerghatta Road, Kanakapura Road, Mysore Road, and Magadi Road.
Real estate investment around PRR will definitely assure good value returns with added reward point of tension free connectivity, don’t forget the package includes all amenities. Know more about Almond Tree and Villa Valley projects, to clear the doubts on investing your hard earned money.
Courtesy: Times Property
Being a builder in India is not easy. In spite of the professionalism that has followed liberalization, a builder still has to work with numerous throwbacks to the days of the Licence Raj – from suppliers who simply cannot deliver on time, to sanction authorities that epitomize the worst aspects of Indian bureaucracy - and delays of up to three years in building projects have now become norms rather than exceptions. Thus, when one hears of a project as large as Edifice Builders’ Grand Edifice being completed on schedule, one first greets the news with a certain degree of cynicism mingled with surprise and admiration.
Starting off on a project as monumental as the Grand Edifice without a proven track record would have been viewed by many as a foolhardy enterprise. And yet, bucking the prevalent trend, Edifice Builders managed to complete the entire project on schedule, and when they delivered they did so with all the amenities – from the gym to the swimming pool to the clubhouse – in place and fully operational.
Perhaps it was the fact that many of their clients were young professionals just like themselves, but, in the process of marketing Grand Edifice, Edifice Builders managed to develop a relationship with many of their customers that went well beyond the traditional supplier-client relationship and developed more into an emotional bond. They understood very well that their customers were about to make one of the most important decisions in their lives and, in the case of some, the biggest investment. They went out of their way to make clients understand their choices and helped them in every step of the decision making process. Further, in order to help serve them better, they went beyond being merely builders and set up ancillary services – help with interiors, rental services, etc; services that were designed not with profitability in mind but with the unique emotional relationship that had flourished between them and the buyers. And by the time of launch they had already managed to sell forty-five units – a remarkable achievement for a fledgling company.
With the Grand Edifice, Edifice Builders have firmly established their reputation as major players in the building industry. In many ways they are representative of the New India – professional, confident, self-assured; and in creating so remarkable a success story, one is assured that they have created a template that will not only be emulated by other players in the industry but by the business community at large.
No, we are neither shifting our base nor on a verge to replicate our prime affordable luxurious projects at the largest country of the Middle East or trying to grab a pearl (project) at Bahrain – for which the Kingdom of Bahrain small island country of the Persian Gulf is known for. Err… then what the #S*!, we are trying to inform you all about..!
All you real estate investors/lovers staying at Saudi Arabia & Bahrian – are you cribbing to know about Bangalore’s property investment industry..? Edifice Builders are coming to reach you through the “5th HDFC Indian Property Expo” – Who, What, When, Where & How are the questions popping up your mind! Check-out the following details to catch us:
Who: Our black belt marketing team.
What:
- Grand Edifice – luxurious penthouses at affordable price tag.
- Almond Tree – Affordable villaments of 90% carpet area.
- Villa Valley – As the name says, Villas that are adorable & affordable too.
Click here for more details on our Expo display.
When & Where:
Visit our stall:
28th & 29th January 2010 – Al Khobar, Carlton Al Moaibed Hotel
1st & 2nd February 2010 – Riyadh, Riyadh Palace Hotel
5th & 6th February 2010 – Bahrain, Bahrain International Exhibition & Convention Centre
How: Contact to reach them,
Vinod Kumar: 00966 – 565808150 (Saudi Arabia), 00973 – 39502532 (Bahrain)
Mallikarjun B: 00966 – 565808140 (Saudi Arabia), 00973 – 39502532 (Bahrain)
We are here, there & everywhere – just because Edifice Builders have left no stone unturned when it comes to putting India on the world realty map.
Edifice Builders has acquired a new site on world wide web (www), called Blog.EdificeBuilders.com – our official blog. What a way to end a fruitful year 2009 and start a promising year 2010..! And, of course, we are happy. We have the same smile on our face and the same feel good factor (who cares about webmaster..!), has we had when Edifice Builders Pvt. Ltd., was started – until a successful finish of Grand Edifice, until we launched Almond Tree – which is nearing completion and until the preparation for our brand new project launch called Villa Valley. The spirit of our team hits higher and higher, no matter what the season offers. How..? Let us unveil as the days goes by. Alongside we will also publish some interesting articles related to real estate industry. We’ll write about this and that and here and there…ok, let’s cut it short – “We Blog”. Basically, increase the web departments’ work load. What an IDEA, Webji..!
