Medahalli and KR Puram to provide affordable residential structures- Get Investing

In order to transition to a profitable future, it becomes necessary to invest your time and hard-earned money into something fulfilling. Owning a house has its own sentiments attached. It’s always special to own a house that can help you provide a safe and secured future for your dearest ones. The real estate market in Bangalore is going through a smooth transformation after the inclusion of governing bodies like RERA and tax reforms such as GST. This has brought about a sense of purpose and order in the market. The rise in urban population is because the city offers potential employment prospects and enjoys favorable climate. Developers around the country are looking for locations to capitalize on in order to cater to rising residential demands. For instance, Concorde Auriga by Concorde properties is a residential project located to precision at Medahalli in Bangalore. Medahalli, closer to KR Puram and Indiranagar provides seamless connectivity to the rest of the city. This would be the prime reason there is a rise in social and IT infrastructure development around the area. KR Puram, which is close to prominent industrial areas like Malur and Kolar offers high returns on investment. With easy accessibility to Mahadevapura, which houses prestigious IT tech parks, IT professionals can think about investing early to make the most of rental benefits.

Concorde Auriga

The project offers 2 and 3 BHK residential apartments that are spread across 5.5 acres of land parcel. The project is designed in such a way that residents experience elegance, security and comfort at the same time. The leverage of choosing from more than 500 residential units contributes to profitable purchase decisions. There are 3 towers that hold G+25, G+25 and G+29 floors that provide stunning views from pristine vantage points surrounding the project. It matters if customers are given the privilege of experiencing any product before they make the final purchase decision. To complement this, residents are welcomed to the site at Concorde Auriga so they experience the amenities, desired floor plans, design specifications or possibly take an entire tour of the property. Rest assured, investing in Medahalli and KR Puram can help you prioritize key strategies and provide a financially secured future.

Nature of amenities to alter the credibility of residential projects

There are many factors that constitute the overall credibility of a residential project. Like the location of the project, residents should lay importance on the amenities devised. The amenities would eventually determine the safety and comfort within the premises. Concorde Auriga has devised prospective strategies to cater to diverse expectations. These comprise of landscaped greenery, recreational play gardens for children, equipped gymnasium, jogging tracks, clubhouse that spans over a whopping 25,000 sq.ft, 100% electric/power backup and 24/7 round the clock security services along with CCTV coverage. The added benefit of getting to experience these amenities promotes transparency between both investors and developers and is a win-win situation for both the sides.

Floor/Master Plans- How are they affecting prospective investment decisions?

Like the amenities at the project, the floor/master plans contribute to potential purchase decisions. It is safe to come to the site with a design of your own. This would help residents compare their residential expectations with what is practically provided at the site. Concorde Auriga offers 2 and 3 BHK residential apartments that are scattered over 5.5 acres of land. These apartments are curated by the finest architects in order to serve and cater to fruitful investment expectations. The 2 BHK apartments come in two variants that are spread across 900 sq.ft and 1150 sq.ft while the 3 BHK units spans evenly over 1400 sq.ft and 1700 sq.ft respectively. With architects and engineers present at the site, residents can avail expert advise on how to optimally utilize the space available for a pleasant future.

What is Long Term Capital Gains on Property- 5 Things You Must Know

In most cases, real estate property owners become confused about Long Term Capital Gains on Property  and the tax associated with it. These confusion arises during sell of a property. Here are 5 important facts about long term capital gain tax.

1. Calculation of LTCG tax

According to Income Tax Department a property havs to have a minimum 24 months of holding period to become a long term capital asset.

	Particulars	Description
	Sale Consideration	Full value of the consideration received as the result of transfer of one particular capital asset If this is an immovable property then the higher amount between sale consideration and stamp duty value is accepted
Less	Expenses for the whole transfer	Costs like a commission, broker charges, stamp duty, lawyer’s charge etc
less	Indexed Cost  Of Acquisition	Cost of Acquisition(COA) is the amount incurred during acquisition of the capital asset
less	Indexed Cost Of Improvement	Cost of Improvement(COI)= expenses incurred on the property like major changes, modification works etc before acquisition
	LTCG(Gross)
Less	Exemptions	Exemptions under section 54, 54E, 54F, etc. According to law.
	LTCG(net)

This benefit of Indexation is only available for long term capital assets. Indexation is a process of adjustment between the expenses of acquisition and cost of improvement regarding such properties. Concorde Auriga is one of the upcoming residential apartments in Medahalli, Old Madras road where one can make investments in it.

Concorde Auriga

2. Long Term Capital Gains Tax on sale of inherited Property

Ancestral or inherited properties are inherited by a person from a parent or relative. These can be inherited through gift deed or by will. These types of properties are exempted from taxes in case of both the relative and the receiver. But there are certain taxes like long term capital gain tax.

There are no taxes when the property is inherited. But if someone sells an inherited property then the LTGC comes in the scene. If the property is acquired after 2001 then the tax is calculated like in case of any other property. But if that was acquired before April, 2001 the fair value of the property is same as it was of that date.

3. How to save Long Term Capital Gains Tax On Property

According to interim budget 2019, Long Term Capital Gains from the sale of a house can be invested in two residential properties to save the tax, under section 54. This invested sale value must be less than rupees two crores. Anyone can avail this benefit once in lifetime. Earlier it was allowed only for one residential property. Besides that, One can invest the on the bonds described in section 54EC.

4. Can the sale consideration be lower than property value?

Tax authorities may raise objection if the sale proceed is lesser than valuation of property by any state authority. In the finance bill of 2018, it was proposed that  tax authorities must not object if the stamp duty value and sale consideration value has a difference of five percent or less.

5. TDS provisions on sale of a house

A seller needs to be careful on the Tax deduction at sources or TDS provisions. The responsibility lies on the buyer. He/ She has to deduct 1% TDS of the property value ( in case the value exceeds Rs 50 lakhs), before paying the seller. If the seller buys a new property priced more than 50 lakhs he/ she has to deduct 1% TDS and deposit that amount in the Government treasury to claim the exemption.

These were five main points regarding tax on Long Term Capital Gains on Property.  We hope this will help you.

Investing in Bangalore real estate market- What should property investors look out for?

Considered as one of the most profitable and fulfilling forms of investment, investing your hard-earned money into properties, preferably a house can reap formidable returns for a secured future. Bangalore, over the years has transformed into an investment destination hotspot. Be it any zone of the city, infrastructure development is significant and residents are considering to relocate to the IT capital of the nation. Providing favorable conditions like excellent climate and employment prospects, investing in Bangalore would be nothing short of a jackpot. Compared to other metropolitan cities, Bangalore has faired significantly better in terms of launching new residential projects and releasing excess inventory. Property developers like Concorde group have capitalized on emerging areas around the city like Medahalli to launch their premier residential project called Concorde Auriga. The project offers 2 and 3 BHK residential apartments that are spread across 5.5 acres of land. With 3 towers that house G+25, G+25 and G+29 floors, residents can catch stunning marvels of landscaped greenery scattered around the project.

Concorde Auriga

Before arriving at any property investment decision, residents need to analyze aspects that constitute a residential project. With average knowledge of what the market offers, residents tend to rush up into what interests them and that could turn into instant regret. To combat such situations, consulting with professional advisers seems like a safer bet. Property investments are long-term in nature. Residents need to consult with financial professionals in order to devise prospective budgets and allocate surplus funds. This would help them manage their other primary expenses in an effective manner. Concorde Auriga has employed a strategy which is entirely focused on the end user. Residents are welcomed to the site to experience the amenities, floor plans, design structures or even take a tour of the property. This transpires transparency which is a core ingredient to maintaining strong business relationships. Along with a property experience beforehand, alternatives are necessary. The project offers more than 500 residential spaces that is essential to cater to diverse residential expectations. Rest assured, working or investing with Concorde Auriga is nothing short of a jackpot!

Location and Connectivity- Hallmarks to profitable realty investments

Location of the project would effective determine how well are you connected to the rest of the city. Medahalli and KR Puram offers benefits like impeccable connectivity benefits and high land appreciation rates. This location of the city has witnessed rising social and IT infrastructure development that can be capitalized by aspiring IT professionals. The decision to invest early in such cases can be helpful as residents have the time to analyze current market trends and double up on an alternate source of income. Another benefit of selecting the location to perfection is the benefit of everyday commute. Concorde Auriga is located close to the KR Puram railway station and the Byppanahalli metro station that provide easy accessibility to prominent parts around the city.

High land prices contributing to lower property investment prospects

There are factors that residents need to emphasize on before heading to the property site. As stated above, the location is very crucial for a prosperous lifestyle. However, the ultimate choice between emerging Vs. establishes locations would hold the key to prospective investments. Investing in an emerging locality like Medahalli can reap formidable returns as the prices are low in the initial stages. Also investing in newly launch projects like Concorde Auriga offers benefits as residents have the required time to consult, analyze fluctuating property trends and implement purchase decisions. On the contrary, properties that are highly priced at established localities offer less scope of development as the surroundings have reached its maturity. Increase in IT infrastructure growth around the areas provides high returns that can be capitalized to rent out individual residential spaces.

Price specifications at Concorde Auriga

Price is the deciding factor when it comes to making investment decisions. Residents are concerned about the price of the property as it would entail devising budgets that match their financial status. Concorde Auriga offers 2 and 3 BHK residential apartments that are spread over 5.5 acres. The prices devised are in line with what the industry expects and caters to standard of living around Medahalli. The 2 BHK apartments that are spread over 900 sq.ft and 1150 sq.ft are priced at 48 Lacs* and 59 Lacs* while the 3 BHK units spanning across 1400 sq.ft and 1700 sq.ft are priced at 77 Lacs* and 90 Lacs* respectively. With the base rate at Rs. 3800/sq.ft*, residents can start formulating economical budgets for a hassle-free investment experience.

Property Investments around Medahalli & KR Puram- What can investors expect?

Bangalore, renowned for its climate throughout the year and employment prospects in the IT sector offers amazing property investment opportunities. Residents who were saving up on a monthly basis staying as tenants in emerging locations are transforming to become first-time homeowners. Locations like KR Puram and Medahalli are witnessing fascinating IT and social infrastructure development. Property developers are now devising affordable strategies in order to cater to excess residential demands and release excess inventory. For example, Concorde Auriga by Concorde developers is a residential masterpiece located to precision at Medahalli in Bangalore. Located close to KR Puram, the project attracts high returns on investment. The project offers 2 and 3 BHK residential apartments that are spread across 5.5 acres of land parcel. About 85% of are covered by the project is construction-free that enables residents to lead an eco-friendly living experience. With 3 towers that houses G+25. G+25 and G+29 floors, customers can catch stunning views of landscaped greenery scattered around the project. What even more encouraging is the approach by Concorde Auriga.

Concorde Auriga

Potential investors residing around Medahalli are welcomed to the site to experience what the project offers in terms of amenities, floor plans and in fact take a tour of the property. This not only establishes ground-breaking business relationships, but caters to embracing transparency and trust like never before. The proximity to the KR Puram railway station and Byppanahalli metro station assists customers to get to other prominent parts of the city with relative ease and convenience. There are prestigious educational and medical institutions that help in further infrastructure growth around the area. Also, the presence of IT tech parks gives the opportunity for aspiring working professionals to invest early in order to maximize rental benefits. KR Puram is close to renowned industrial areas like Kolar and Malur that can be capitalized on returns on potential investments. Rest assured, in order to save up for a secured future and enjoy seamless connectivity, investing with Concorde Auriga is ideal.

Connectivity and Proximity- What can we expect from Medahalli?

Location is a prominent aspect of any residential project or investment. As far as developers are concerned, it is important that they launch residential spaces at emerging locations in order to attract and fulfill residential demands. The location would also help in determining how well are you connected to the rest of the city. On the contrary, investors should assess the location to precision as it provides favorable returns on the investment made. Concorde Auriga, located to precision at Medahalli offers benefits that are diverse in nature. With further infrastructure development like the availability of commercial and retail spaces, residents can devise potential investment portfolios. With other residential projects close by, investors can consider renting out the property when the time and price is right. Bangalore, renowned as the IT capital of India offers great benefits in terms providing high profiled job prospects in the IT sector. Bagmane and RMZ Infinity are prime IT tech parks in close proximity that house majority of the IT crowd. Working professionals can invest early to capitalize on high property prices for financial stability and security.

Structural designs at Concorde Auriga- Invest now

Like the location of the project, it is important to realize the importance of structural design within the project premises. The exteriors are as important as the interior design as they contribute to safety, sustainable structures and elegance. Concorde Auriga has worked with the finest of architects to come up with fascinating spaces that meets individual requirements. The presence of architects within the project gives customers the guidance and consultation to device specific floor plans to choose optimally among alternatives. The project offers 2 and 3 BHK residential spaces that are spread over 5.5 acres of land. With over 500 residential units up for grabs, residents can effectively utilize the space available. The presence of a clubhouse that spans across 25,000 sq.ft, residents needn’t worry about their weekend dose of entertainment. The 2 BHK apartments spans over 900 sq.ft and 1150 sq.ft while the 3 BHK units are evenly spread out across 1400 sq.ft and 1700 sq.ft respectively. The added benefit of experiencing these floor plans beforehand provides the necessary time to analyze and implement profitable investment decisions.

Concorde properties to capitalize on uplifting the realty market around Medahalli and KR Puram

Property investments are considered to be the most coveted and profitable in nature when compared to other forms of investment. One can double up on a favorable source of income by analyzing and anticipating challenges in realty trends. Bangalore, renowned as the IT capital of India offer high profiled jobs in the IT sector. Residents are now quick in transitioning from staying as tenants to first-time property aspirants. Property developers are capitalizing on key opportunities and are setting up residential structures in order to cater to rising demands. With growth in social and IT infrastructure, Bangalore has become the most preferred choice. Concorde Auriga by Concorde properties is a residential project which is precisely located at Medahalli in Bangalore. The project offers 2 and 3 BHK residential apartments that are spread evenly across 5.5 acres of land parcel. This would eventually mean that residents have the leverage to explore and optimally utilize the space provided within the premises. With over 500 residential units up for sale, customers are spoilt for choice and are provided with a host of alternatives to choose from.

Concorde Auriga

Medahalli, which is close to KR Puram railway station offers seamless connectivity to the rest of the city. Also, with the presence of Byppanahalli metro station, people can go about with their commute with relative ease and convenience. The location, over the past few years has witnessed rising levels of social and civic infrastructure development. With unsold inventory, prominent developers are devising affordable strategies to fasten project delivery in order to avoid hefty penalties. The inclusion of governing bodies like RERA and tax reforms like GST has brought a sense of order in the property market. The recent GST rate cuts for under construction projects from 12% to 5% has proven pivotal for prospective investment decisions. Presence of IT tech parks like Manyata has assisted working professionals to consider investing early to study market conditions and stay close to their workplace. Considering the connectivity from Concorde Auriga to other renowned landmarks and residential infrastructure development all around, investing in Medahalli is certain to help you reap formidable returns.

How do in-house amenities change potential investment perspectives?

There are many aspects that constitute concrete investment decisions. Ignoring certain factor that might not seem viable at the time can adversely affect the credibility of the purchase. Residents, especially first-time property investors look to reside far away from the city to lead a calm and secluded lifestyle. Poor connectivity along with minimal amenities can affect the project reputation. It doesn’t cut it if in-house residents need to get to the city to avail basic conveniences. Concorde Auriga has devised a series of amenities that are unique and promote sustainability and eco-friendliness within the premises. These comprise of equipped gymnasiums, swimming pool for all age groups, landscaped greenery, recreational play parks for children, a massive clubhouse that spans across approximately 25,000 sq.ft, 100% electric/power backup for the elevators and 24/7 round the clock security services along with CCTV coverage. Residents who plan on visiting the site have the added advantage of experiencing these amenities so they could have the time to consult before making the final purchase.

Connectivity at Medahalli- What should investors expect?

Location is considered to be the most important feature of a residential project. The location would eventually determine how well are you connected to the rest of the city and more or less help you analyze property trends for rental benefits. Medahalli, which is close to KR Puram provides diverse residential spaces to choose from. This also improves surrounding infrastructure and contributes to enhanced land appreciation. KR Puram which is close to prominent industrial areas like Kolar and Malur increases the value of land significantly. Investing early in such emerging localities is sure to help you be better connected to the rest of the city and search for prospective tenants for fulfilling returns.