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area watch: neharpar (faridabad)
‘Poor’ show
10 storeys, 48 hours decor trends Ground Realty
tax tips
REALTY GUIDE
realty bite
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area watch: neharpar (faridabad)
The Neharpar Area also known as Greater Faridabad was incorporated in 2004-05 under the city’s master plan. The location shares its boundaries with eastern periphery expressway, which connects with Ghaziabad, Noida, Faridabad and Palwal, lending it the status of an industrial corridor. Sector 79 has been designated as commercial district by the Municipal Corporation of Faridabad. It is being developed with an objective of providing residential, commercial and office spaces to an essentially strategic location between Greater Noida and Faridabad. Greater Faridabad will also be very close to the Faridabad bypass road, which will connect the border of Delhi with Ballabhgarh and the adjoining industrial areas.
Infrastructure development In tune with these plans, a number of infrastructure initiatives currently underway will provide vastly improved connectivity:
Further, Metro connectivity from Faridabad border to South, East and Central Delhi and various industrial/commercial centres like Badarpur, Tughlakabad, Mohan Estate, Sarita Vihar, Jasola, Okhla Industrial Area, Kalkaji, Nehru Place, Kailash Colony, Mool Chand, Lajpat Nagar areas, Nehru Stadium, Lodhi Colony, Khan Market and Central Secretariat will make many of the key locations of central and south Delhi easily accessible. A number of malls now supplement the local markets — Crown Plaza Mall, Good Store and Lifestyle being among the major ones. The area now has the benefit of educational institutions such Echelon Institute of Technology, Apeejay School Faridabad, Palm Beach School for Autism, Modern Delhi Public School and the Institute of Aviation Management. Healthcare facilities include Apex Diagnostics and Polyclinic, Kilkari Paediatrics Clinic, Diagno Aide Pathology Lab and Kalra Child Care Centre. Also, the area has parks like Ecological Park, Swarna Jayanti Park and Destination Point. HUDA (Haryana Urban Development Authority) is planning to construct sector roads (sectors 75-89) in the Neharpur area, further augmenting connectivity. An investment of several crore has recently been made towards the improvement of water supply to the region. Effective deployment of all necessary civic amenities and other infrastructure at Neharpar is likely to take another two to three years. Once these facilities are in place, Neharpar will be on a par with other major realty hotspots in the NCR region.
Price points Property rates at Neharpar and Faridabad will stay steady between Rs 3,000-3,500 per sq.ft. for the interim. Projects with imminent possession dates should move up to these levels, while fresh bookings will lag until the infrastructure work is given a push. In other words, only investors with a horizon of at least a couple of years can expect to see a meaningful rate of return on investment. In fact, nearly 90 per cent of investors into Neharpar are looking for long-term gains There is certainly scope for further appreciation in the Neharpur. Demand for property in Faridabad’s Sectors 88 and 89 is high as both are located quite close to two upcoming highways. In these sectors, the going rate for group housing ranges from Rs 1,400-1,600 per sq.ft. in the secondary market. In the primary property market, developers are quoting rates ranging from Rs 1600-2200 per sq.ft. The price of group housing has risen by between Rs. 150-200 per sq. ft. over the past one year, and that of plots by about Rs 2,000 per sq. yd. The major realty players in Neharpar include BPTP, SRS, Omaxe Ltd, Vipul Group, Piyush Group, Puri Constructions and RPS (BPTP has the largest land bank). TDI also has plans for residential and commercial projects in the area.
Investment potential Neharpar is developing into a mega hub for residential and commercial projects. The biggest draw is that property is still available at affordable rates: Land —
Rs 12,000-13,500 sq. yd (primary market), Rs 9,000-10,000/sq.yd. (secondary market) Apartments —
Rs 2,050-3,500/sq.ft per sq. ft. On an average, the region has witnessed price appreciation of approximately 30 per cent over the past 12 months. As such, the Neharpur area is still the most affordable in the NCR region if we take Noida Extension as a benchmark for affordability. Even considering the steep increase in prices over the last year or so, Neharpar remains a more cost-effective option than Noida, Gurgaon and other parts of Faridabad. Given the projected infrastructure development over the next two-three years, Neharpar is definitely a promising mid-to-long term property investment bet. The area saw an unprecedented boom from January 2012, and though the boom has now slowed on account of the sharp and sudden upward movement of property prices, rates are still reasonable and therefore expected to hold. A correction, if any occurs, would be marginal. — The writer is CEO, Operations, Jones Lang LaSalle India
Inventory overhang The latest market conditions indcate that there is an inventory overhang in fresh bookings, which will take 6-12 months to clear. There are a few resale units available which are primarily finding takers among buyers focused on budget homes. Currently, property transactions at Neharpar are slow and the next round of demand will depend on:
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‘Poor’ show
Do some realty firms use sub-standard material in their projects in order to make extra profits? While no developer will admit to this fact, the truth remains that there are companies that resort to such malpractices by either using sub-standard material or by violating the building bylaws. The home buyers have to be very aware and alert about such fine details right from the beginning if they want to enjoy a hassle free life in their apartments later on. A study conducted not long ago by a consumer organisation in Gujarat looked at 18 housing projects, comprising 4,500 units, constructed by private and government agencies. Sadly, the findings spoke of gross violation of building bylaws, use of sub-standard materials, and inadequate/nil technical supervision. Harried residents spoke of damp roofs, peeling plaster, faulty wiring, leaky taps, corroded reinforcement, splintered windows and vibrating parapets. Most of the users had to replace shutters and fixtures of the joinery within a short time of taking possession of their flats. A.R. Santhakumar, emeritus Professor, IIT, Madras says that buildings where sub-standard material is used can face a series of problems within a couple years of the completion of the construction work. “Cracking is probably the distress that occurs most often in masonry walls if quality material is not used. Cracks result from many different sources, but there are typical shapes and patterns of cracks that reveal that the material used had been of poor quality. Although stronger units and mortars increase the compressive strength of the masonry, they do so at the expense of other important properties. Thinner walls are more susceptible to cracks if provision for differential movement is not accounted for properly”, says Santhakumar. Manohar Lal, who has recently shifted to his flat in Indirapuram, was almost in tears while narrating his tale of woe about the abysmal construction quality of his flat. “Within a couple of weeks of my stay there, I found seepage in kitchen and even in my bedroom. When I told my builder about the poor quality of construction, he did not take any action”. As far as customers are concerned, checking the quality of the house is vital. There are two quality checks that you need to conduct in a house. n Quality of the house in terms of structure: Whether you are going in for a new house or for a old one make sure that it is structurally sound. Check whether the foundation is good; the materials used are proper; the specifications posted as information regarding the house are all correct and so on. Make sure that you get what you have paid for. n Check the quality of neighbourhood whether it is suitable for living. You’ll never know this until you ask the neighbours what has been going on there e.g. the homeowner may actually be fleeing the
“There is no denying the fact that in the Indian context priority is generally given to elegance and aesthetics, rather than to safety,” admits Sanjay Khanna, director of Kailash Nath projects Pvt Ltd, adding, “I know for sure that some developers award contracts to builders on the basis of the lowest quotation. The quality of construction takes a backseat. As a result, neither the material nor the workmanship is tested as specified by the Bureau of Indian Standards.” Many known realty firms claim that they see to it that all their buildings are constructed according to the National Building Code. There is no doubt that NBC’s criteria are designed to protect the safety of the building with regard to structural sufficiency, and health aspects, apart from preventing hazards such as fire etc. Realty expert Devinder Gupta of Century 21 DGS feels that the situation will improve only when developers arrange for quality checks, either directly or through independent agencies. All is not lost for customers as in one of its judgments the Supreme Court of India has held that if a builder uses sub-standard material in construction of a building or makes false misleading representations about the condition of the house then it is the denial of a facility or benefit for which a consumer is entitled to claim value. As it is not enough, in cases where the end product delivered to the customer is of poor quality, the customer has the option to file a complaint in the consumer forum against the developer for deficiency in services. In such cases the consumer forums have ordered the builders to remove the defects and also pay compensation to the customers. Customers also have the option to file a civil suit against the builder claiming damages for breach of obligations.
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10 storeys, 48 hours The ‘instant’ 10-storey building scheduled to be completed within 48 hours by December 1 evening at Mohali is said to be based on revolutionary technology. Described as a ‘smart or mock-up’ building, the work on which was on at a feverish pitch in the Synergy Thrislington complex in the Mohali Industrial Area at the time of going to press on November 30, will cost almost the same as any similar building constructed by using the conventional construction methods. Harpal Singh, CMD of Syngery and the brain behind the project, maintains that this is first building of its kind in India and is unique in many ways. The technology involves the manufacture of most of the components in the factory, pre-fitted with floors, water supply, wiring, sanitation, air-conditioning ducts and other facilities. These are then transported to the site for installation. More than 80 per cent of the work is completed in the factory. Concrete is used only in the foundations and three-inch floorings in this nut-and-bolt structure. Materials like bricks, sand or gravel are not used, says Harpal Singh. The façade of the building is double-skinned PUF panel that ensures thermal insulation. The project, named ‘Instacon’, the company’s dream project, also involved the deployment of 200 highly skilled workers, cranes and the use of over 200 tonnes of steel. Steel floors and insulated walls were put together to construct a floor of the building. The ground floor will be furnished within the time fixed for the purpose. Chief Executive Engineer of the company Ashwani Goyal says the 26,000 sq ft building will be totally sealed, and will consume only one-third of the power utilised in conventional buildings of such magnitude. Each floor measures 2,600 sq ft and has 19 pillars, 16 of these external and three internal. The temperature will be maintained at 27 degrees C, and if it happens to rise, motorised curtains will automatically fall. The windows cannot be opened as these are sealed in this ‘smart building’, he says. According to Goyal the foundations of the building were made in August within a period of 25 days. He says the plan is to have the company offices on the ground and first floors, a hotel on the second floor and classrooms for IT students on the ninth floor. One of the floors will have a hospital. The upper floors will be furnished as per the requirement. This construction method has been cleared by the Council of Scientific and Industrial Research (CSIR)-Structural Engineering Research Centre (CSIR-SERC), Chennai. Initial planning of the project took three months and it took about two months to get CSIR approval. The model has also been okayed for the Zone V seismic area. According to Harpal Singh, this technology has a vast potential to revolutionise the much-needed infrastructure technology in the country by speeding up the construction of commercial towers, luxury hotels, high-rise buildings, hospitals, educational institutions, universities and retail outlets. At present, the technology is being used only in the commercial sector.
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Fit for a princess Sapna Aggarwal Planning to deck up your daughter’s room can be a daunting task, more so if she is a tween or a teen. There’s a whole lot that she may want and anything against her wishes may not go down very well. Though individual choices do matter the most, there are certain “magical” elements that have a universal appeal with all little princesses. Here we have some ideas that can help you put together the right elements in her room. Every little girl I know loves pretty colours. So for her room she’ll cherish, select fabrics with flowers, trellises, cute animals, or butterflies. You might stencil flowers, vines, and butterflies on walls as a colourful accent, using paint colours matched to your fabric or wallpaper choices. Don’t forget soft, airy curtains for the windows.
Ocean If water and beach is her favourite theme then create an ocean theme using watery blues for the wall, sand colours on the floor, and clouds in the sky (ceiling). Take colour cues from a beachy border wallpaper, art print, or piece of furniture like a colourful stool. You’ll almost be able to hear the waves!
Starry trends Starlight is a great theme, and you’ll find many fabrics, wallpapers, and bedsheets with star patterns. This theme appeals to both boys and girls, and is available in many colours both bright and pastel. You might get star-shaped rubber stamps (or sponges) and dip into wall paint to create your own star border, decorate furniture, or make random stars all over the walls or ceiling. A star quilt or rug will complete the theme. Create a wonderful, soft look with the light of moon. The ceiling might be midnight blue, with painted moon and stars, or use some of the stick-on glow-in-the-dark stars. Embellish a colourful painted bookshelf with crisp white stars, or liven up a plain white chest with a rainbow of star shapes. Find a moon and star quilt or fabric to use for window treatments. Then add a moon cutout headboard.
Angels, fairies, and elves This universal theme will be adored by girls of any age. Angel themes could use faux painted skies and clouds, fluffy canopy beds, and soft icy pinks, blues, and lavendars. Fairy shapes are appealing with transparent wings, sparkling wands, and silvery magic dust. Try to incorporate some sparkles with glittering accents, silver paint, and magical designs.
Flower power Bright and bold oranges, sun yellows, lime greens, and watermelon pinks are the basis of this retro-60s look. Find colourful borders and fabrics featuring stylised simple flower shapes in hot colours, and match these with some plain fabrics for ruffles, valances, and window seat pillows. These flower shapes would be easy to enlarge on a copy machine and trace onto the walls in random patterns, then paint with wild colors matched to the fabrics.
Merry sunshine Paint a mural of hills, with the sunrise peeking over the top. Use sunny yellow checked bedding and quilts, green rugs for grass, and paint the ceiling a soft sky blue. Waking up will be easy and fun using this summery look which is sure to please many a young child.
Cute cottage style This is a great theme if your child will be using hand-me-down furniture for her room. Think lots of white and paint all the furniture for creating a cottage style room. Then use either light colours (pink, sky blue, pale green) or set the white off against bright clear colours like grass green or marine blue. You can also use fabric patterns such as tea-stained cotton florals, or use brighter florals, ginghams, or stripes.
Mary Engelbreit You’ll find lots of cute ideas for decorating a girl’s room in the “Mary Engelbreit’s Childrens Companion” book. Just find a photo you like and follow this whimsical artist's lead. Colourful walls, painted furniture, and stencil designs will give the room a smile. Then “don’t look back,” as Mary likes to say.
Cats, dogs, and more Cats, dogs, horses, bunnies, or other darling animals may be the perfect choice for an up-to-date girl's room. Certainly your little one has a favorite, or make it a menagerie if she can’t decide. Choose from colour themes in pastels, medium tones, brights, or primary colors, and use these happy designs on furniture, borders, and accessories.
Princesses and castles Your princess can have a room befitting her high status if you use sheer fabrics and fanciful details. Embellish the walls with faux painted castle walls, murals, and blue skies for a truly memorable girl’s room. Contrast the weighty look of faux stone walls with trails of stenciled ivy or flowers and swaths of pretty netting used as a bed canopy.
Tea party Pretty hats can adorn a room with a tea party theme. She can arrange her toy pals in chairs around a tea table and play until supper time. Be sure to include a pretty tea set and other tea themed accessories throughout the room. Cheerio!
Sports Young girls who avidly participate in any sport — whether it’s riding, skating, softball, swimming, or soccer — can readily identify with this decorating theme. Wallies or a wallpaper border is a perfect place to start for a colour scheme and in a search for coordinating curtains and bedding. Look for innovative touches to support the theme and be sure to include display shelves to house awards, game photos, and medals.
Toiles The toile look has made a huge comeback in recent years and can help create a more sophisticated look for an older girl. Find this timeless design in fabrics and wallpapers, in colours that range from blue, red, green, black, and beige patterns on a white background, to newer iterations that incorporate multi-colours such as yellow and blue on white or ivory. —
The writer is Creative Director Ansa Interiors
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Shelf life Jagvir Goyal
Where are these needed The kitchen is the most important part of a house and it can't be complete or workable without shelves. In addition, shelves need to be provided in the toilets in case you are planning to use under counter or over counter wash basins. In case you have a basement in the house and mark a portion of it for storage purpose, running a full width shelf along a wall in this portion to stack trunks, boxes or crates on it is a good idea. Stores also become more useful if there are shelves there.
Additional shelves
in toilets Gas cylinder enclosure: A gas cylinder enclosure is created these days in the front or back portion of the house to store gas cylinders and the gas pipe is run from there to the kitchen. This enclosure is provided by laying a shelf at the top of two walls spaced apart and then by providing iron or wooden shutters in front.
Finishing material RCC should be invariably used in shelves and any finishing material of the user's choice can be laid over them to make them look attractive. In kitchen, one may choose granite slabs to be fixed over the RCC shelves. In the toilets, the shelves can be created first by laying RCC shelves and then providing granite or Italian marble or marble over them. For the basement, store and gas cylinder enclosure, the shelves should be preferably finished with medium quality marble or tiles instead of simply plastering them. Finishing these shelves with marble or tiles will make their cleaning easy as the horizontal plastered surfaces often gather dust that sticks to the surface.
Recess in walls While laying RCC shelves in kitchen, toilets or elsewhere, care should be taken to provide sufficiently deep recess in walls to support these shelves. A 4.5 inch deep recess is sufficient. The mason should carefully mark the level at which the recess is to be created by keeping the finished level of the shelves in view and deducting the margin for finishing material and the mortar below it from it. The plumber has already embedded pipes in the walls to attach faucets for sink and wash basins to them at later stage. While taking out recess, care should be taken to avoid any sort of damage to these pipes.
Shuttering for shelves Once the recesses have been created, well supported shuttering plates of required width should be fixed at their level. As the RCC shelves are normally 1.5 to 2 inch thick, brick tiles can be fixed along the periphery of shuttering plates to define the edges of the shelves to be laid. The plates should be checked to be truly in level.
Mark the sink and wash basins Level Level of the shelves should always be kept in mind. Finished level of the kitchen shelves should be 33 inch from the floor level. The top level of RCC shelves should therefore be about 31 inch, leaving a margin of 2 inch for the mortar and granite slabs. In the toilets, the shelves for under-counter wash basins shall also be at 33 inch finished level. For over counter wash basins, the shelves shall, however, be at lower level, keeping in view the type, depth and size of the over counter wash basin. The level of shelves created below the shower should be 16 inch to allow a person to sit easily.
Width The kitchen shelves should be 24 inch wide in the cooking area. In the sink area, the width should suitably accommodate the sink and allow its easy use. Shelves extended to other walls may have width varying from 18 inch to 27 inch, as per user's choice. In the toilets, the shelves for wash basins will again depend on their width. Normally, it should be 25 to 26 inch. The shelves below the shower can be 12 to 15 inch wide. The shelves in store and basement, for storage purpose can be of up to 24 inch width which should be decided after keeping the movement area in mind. The shelf over gas cylinder enclosure can be just 18-inch wide.
Shelf reinforcement 8 mm or 10 mm diameter steel can be used for shelf reinforcement. The most important point of its laying is that it should have good anchorage in the recesses created in the walls. This can be done by bending the steel bars in L shape and run one leg of the bar along the length of the recess and other leg for full width of the shelf. Suitable cover blocks should be provided below these bars to provide full and all round concrete coverage to them. Masons often miss provision of these cover blocks.
Final finish Once the RCC slabs have been laid and well cured for a few days, the marble and granite group will fix up the finishing material over them at the required level. Thereafter, this gang will seek kitchen sink and wash basins from you to do the required cutting of marble or granite shelves for perfect fitting of sink and wash basins. Once this gang has done its job and cut the openings in marble or granite to required shape and size, the house owner can take away the sink and all other wash basins except the under-counter ones and store them safely for their installation at the time of final finish of the house. Under counter wash basins will have to be fixed permanently. (This column is published fortnightly)
Use RCC RCC should be used to provide shelves in all these areas. Often, the architects advise against the provision of RCC shelves and suggest ways to create shelves without laying a RCC shelf. But nothing can be more serviceable and durable than a RCC shelf.
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Deduction on paying rent to mother S. C. Vasudeva Q. I am a married employee and am living with my parents. The residential accommodation is in my mother’s name and I am paying rent to her. My father and younger brother are earning less than the exempted income tax limit individually. Therefore, they are not filing any income tax return. I am the only member in the family who is earning more than the exempted limit and am not receiving any HRA from my employer. On the basis of above, can I claim deduction under Section 80GG for the amount of rent paid by me to my mother for residential accommodation used by me and my wife (my wife is a housewife)? Is it also necessary to submit form 10BA with the ITR-1 for the A.Y. 2007-08? — vishal A. The deduction under Section 80GG of the Act is allowable in computing the total income of an assessee if he is not in receipt of house rent allowance from an employer. The following two conditions have to be complied with for claiming such deduction:
On the basis of the facts given in the query, the house in which you are residing is not owned by you or by your wife or minor children and you are not receiving any HRA from your employer. You are, therefore, eligible to claim deduction under Section 80GG of the Act. Form 10BA is required to be filed along with the return for claiming deduction under Section 80GG of the Act. However, the present Form ITR - 1 has to be filled without any enclosures. You may kindly fill in the Form 10BA and keep it ready so that the same can be filed as and when required by the assessing officer,
Can capital gain be invested in two houses? Q. Please inform if the long-term capital gain arising from the sale of a residential property can be invested in two residential properties — one under construction and the other a ready built flat. Will I be exempt from paying tax on the long-term capital gain in case I make this investment within 18 months of the receipt of capital gain? — vidhu kapoor It would, therefore, be advisable to avoid litigation and exemption should be claimed in respect of one residential house so as to steer clear of any controversy.
Is tax rebate allowed on loan for plot? Q. I have the following queries:
A. What's the difference between Section 54 and 54F? Q. I own a plot which I intend to sell and buy a residential flat in a group housing society. Will the capital gain earned on the sale of the plot be exempt under Section 54 or Section 54F of the Act? Would you please highlight the major difference between the two sections? — vijay A. The exemption from the taxability of capital gains on the sale of plot and its consequent investments in the purchase of a residential flat will have to be claimed under Section 54F of the Act. The major differences between Section 54 and Section 54F of the Act are as under:
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NRI issues
BK Sanghi Q. I am an NRI and I want to sell some property in Mohali. Can you please tell me whether I wiil require permission from the RBI to sell the property as I am now an NRI? — dk verma A. NRIs are not required to seek permission from the RBI to sell their property in India. The RBI has given general permission guidelines for the sale of properties owned by NRIs in India. However, if the property is bought by a foreign citizen of Indian origin, the funds towards the purchase consideration should be paid out of NRE/FCNR accounts or remitted to India. It must be understood that NRIs are allowed to invest in any real estate property, except farm houses, agricultural land and plantation properties.
Landlord is not accepting rent A. You should not keep silent. Your landlord can ask you to vacate the house on the basis of non-payment of rent. According to me, you have two options: Either you should make a demand draft of rent and send it through registered post with AD (Acknowledgement Due) to the landlord. Or you should pay all your dues as well as this month’s rent through a lawyer.
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realty bite US-based investment firm Clearwater Capital Partners will invest Rs 100 crore in Ramprastha group’s 600-acre township in Gurgaon being developed at a cost of about Rs 4,000 crore. The company has so far launched six group housing projects comprising over 3,000 flats and plans to offer plots in 250 acres next year in its integrated township 'Ramprastha City' located near Dwarka Expressway. “Clearwater Capital has decided to invest about Rs 100 crore in our township in Dwarka” Ramprastha Chief Executive Officer Nikhil Jain told PTI. The investment would be in the form of debt, he added. Clearwater Capital Partners is an investment firm with a 10-year track record of investing in credit and special situations in Asia. Jain said the company had earlier raised about Rs 150 crore from India Property Fund in the two group housing projects — Skyz and Rise — that are part of this township.
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A strong infrastructure base and affordable price tags have given a boost to the realty sector in this area
Sub-standard construction material and lack of safety measures can sour a homebuyer’s dream of having a comfortable abode
Sapna
Aggarwal
Q.
I am a married employee and am living with my parents. The residential accommodation is in my mother’s name and I am paying rent to her. My father and younger brother are earning less than the exempted income tax limit individually. Therefore, they are not filing any income tax return. I am the only member in the family who is earning more than the exempted limit and am not receiving any HRA from my employer. On the basis of above, can I claim deduction under Section 80GG for the amount of rent paid by me to my mother for residential accommodation used by me and my wife (my wife is a housewife)? Is it also necessary to submit form 10BA with the ITR-1 for the A.Y. 2007-08?
Storybook characters
This theme is easy. Just pick the colour that your little one LOVES, and go with it — everywhere. Paint the walls in her favourite colour, then go for it in borders, fabrics, pillows, and accessories. Whether it is pink, purple, blue, or primary crayon colours, your little one is sure to feel right at home in a room done just for her.
Anyone who has purchased gifts for girls in the past few years knows that butterflies are big! If your little one loves this look, there are many ways to incorporate it into a room. A mural of garden and butterflies is a natural, or go with a butterfly fabric for the comforter. Small painted designs can be added to chair backs, picture frames, headboards, and flit around a colourful chest-of-drawers as well. Use butterfly hair clips to perch on a lampshade, bulletin board, or along one edge of a curtain.
Shelves need to be essentially provided in some portions of the house to make it fully workable. These shelves need to be laid carefully and attentively for their long-term trouble free service. Here are some points that should not be ignored while laying shelves in your home:
In small bathrooms a 15-inch wide and 12-inch projection shelf near the shower area at 16 inch height can serve as a convenient place to sit and rub your feet well.
It is important to choose the sink and the wash basins to be provided in the kitchen and the toilets before the shelves are laid. The sink and wash basins are required by the mason to mark their position on the shuttering plates so that laying of RCC in that portion is avoided. Often, there is a delay in finalising the choice of wash basins and sink and this further delays the work of laying of shelves. Once the sink and wash basins are purchased by the house builder and brought to site, the mason should carefully mark their position on the shuttering plates by centering them below the faucet nipples. End supports should be fixed along these markings so that no concrete is laid inside them.
A.
Section 54 of the Income-Tax Act 1961 (The Act), which deals with the exemption from taxability of long-term capital gain arising on the sale of a residential house requires an assessee, being an individual or HUF, to utilise the amount of such gain towards the purchase or construction of a residential house property within the specified period. There is a difference of judicial opinion as to whether the exemption would be allowed in case the assessee purchases or constructs more than one residential house. The Karnataka High Court in the case of CIT vs. D. Anandbasappa (180 Taxman 4) as well as the case of CIT vs. K.G. Rukmani Amma (196 Taxman 87) has held that the words used in Section 54 of the Act “a residential house” should mean “any residential house” and that the intention of legislature was not to convey that an assessee would be allowed exemption only to buy a single residential house. As against this, there are following decisions in which it has been held that the exemption would be allowed only in respect of one house:
Your queries are replied hereunder:
Q.
I am living in a one kanal house in Sector-15, Chandigarh, in a rented accommodation for the past 17 years. I have been paying the rent regularly to the landlord all these years. But for the past six months my landlord is not accepting the rent from me. I have not done anything about this so far. Kindly suggest me what should I do now? —