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Abode abroad
A growing number of Indians are investing in homes overseas, says
Peeyush Agnihotri
India
and investment are getting
synonymous. While on one hand, private equity and foreign funds are being
placed in Indian realty, cash-rich Indians, on the other, are panning abroad to
have global addresses.
From Ludhiana to London
Jupinderjit Singh
comes across a clutch of investors who are buying plots in New Addington sitting in Punjab
If
you
think only erstwhile kings or politicians could buy property in foreign
countries, read this. Commoners, mainly farmers, from Jagraon- Raikot belt of
Ludhiana district are making a beeline to buy plots in England.
Second home loans may get costlier
Second home loans may cost more as some large public sector banks are contemplating a higher interest rate but home loans below Rs 20 lakh are likely to get cheaper, providing relief to the lower and middle-classes.
Taking a cue from Union Bank of India, which has reduced its interest
rate on home loans below Rs 20 lakh, a few large public sector banks are
understood to be considering following suit.
 GREEN
HOUSE
Palming with grace
Satish Narula
talks about the plant that is knows for its grandeur
From
indoors
of a multi-storied flat to sprawling lawns of a national monument, there is one
class of plants that fits in all locales. Yes, we are talking about palms. When
it comes to elegance, majestic display, grandeur and grace, nothing can beat
them.
The elegance and the bowing posture of Areca Nut palm fronds makes them suitable for row planting along driveways.
TAX
tips
No rebate on earnest money deposited with application for plot
Q. I have made an application to Punjab Urban Development Authority (PUDA) for the allotment of residential plot. The earnest money of 20 per cent was also paid for the purposes of the allotment. The said amount had been financed by a bank on which I have to pay the interest. Is the above amount of interest deductible under the provisions of the IT Act?
Peer Mushalla on realtors’ radar
Big-time builders and end-users are investing in this once-sleepy small village adjoining Panchkula, says
Pradeep Sharma
 Situated
stone’s throw away from Sector 20,
Panchkula, Peer Mushalla in Zirakpur is fast emerging the new abode for
builders, investors and end-users. In fact, strategic geographical location,
coupled with lower prices than the adjoining areas, are attracting builders to
launch new projects, which till a couple of years was seen as a “no-man’s
land”. Its inclusion in the Zirakpur nagar panchayat in 2005 saw rapid
urbanisation since the inclusion coincided with the realty boom.
Parking slots with Rs 30 lakh tag
Car stand space goes for a premium in Mumbai, says
Shiv Kumar
With
Mumbaiites
purchasing a record number of cars, parking spaces in the city are going for a
premium. Residents of buildings in Tony Malabar Hill, Napean Sea Road and Worli
Seaface are shelling out as much as Rs 30 lakh for stilt parking slot. According
to real estate agents owners of expensive cars like Mercedes, BMW and Land Rover
are shelling out premium rates so that the vehicles do not have to be parked on
the roads outside.
HOME DECOR
At the door
Devendra Malik
explains how these gateways can make a house look regal
Looking
down
the ages, door has taken many forms and has developed incredibly. From stone
doors to modern glass ones, size, specification and attachments have changed
drastically.
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