Concorde Auriga- Residential Apartments in Medahalli

YELE MALLAPPA SHETTY LAKE, located in the north-eastern part of Bangalore, was built by a philanthropist. A rich merchant in Bangalore named Yelle Mallappa Shetty, came up with the idea in the year 1890, the year which was followed by water scarcity. The then lifeline for the people is now just a park who doesn’t even know its history. It provided water during the water scarcity. But now, residents are literally cursing for the pollution caused by the lake. Initially it was built across 300 acres which now hit down to 260 acres. The wildlife photographers experienced 38 species of migratory birds.                                                                 ...

Real estate investors look out for a good investment all the time in order to gain capital appreciation. Investors, as well as end-users, show great interest in buying homes, whose prices will escalate in the future. Nowadays, end-users prefer to buy a home rather than renting it, due to the rising inflation in property prices. There is always a possibility of increasing family, which leads to end-users buying/renting a new home. If this happens, one can always sell the first property in its appreciated value to get the return on investment. Factors Causing appreciation in property prices So let us discuss the causes which result in the rise in the price of a property. The capital price appreciation or the increase of a property’s market price over time occurs due to multiple circumstances, including: 1.       Location of the Property: Location is the key factor for the price rise of a property especially if we are talking about social amenit...

Prepayment is kind of early repayment of a loan. It can be paid both in part or in a full way by a borrower. Sometimes, people get into the oscillation stage when they have some additional liquid cash in their hands and they thought for prepaying existing home loans or invest those in other financial instruments. But before getting into a dilemma they should ask themselves if they are paying interest on home loan which is too high or not. They can compare the interest which is applicable to a particular home loan after subtracting tax savings with the expected returns from fixed deposits or equities. Basically fixed deposits are lower than the rate of interest in home loan, while on the other hand, equities can deliver higher returns but these are uncertain in short term. The Home loan Schemes are available for Concorde Mayfair Project, an upcoming residential apartments in Medahalli, Bangalore.   Concorde Mayfair Tax benefits on home loans Several tax benefit...