Unlock the Treasure of Fortune this Navratras

The Navratras, which has already begun from March 31 with great pomp & show, are considered an auspicious period for property transactions and investments as it is said in the Hindu mythology that Maa Durga showers blessings in terms of prosperity and success to her devotees during this passage. Hindus celebrate Navratras twice a year because both the beginning of summer and the onset of winter bring about changes in the climate and solar influence. It’s during these two seasons that Maa Durga is worshipped as it is believed that she provides energy to the earth to move around the sun, causing changes in nature. This divine power should also be thanked for maintaining the correct balance of the universe. Due to changes in nature, the bodies and minds of people undergo a transformation, too, and hence we pray to the divine power to bestow upon us potent powers to maintain our physical and mental well-being.

The number nine

The number nine has a special place in Hindu numerology. Nava - that also means new - denotes the number nine. Hence, we have nava-ratri (nine nights), nava-patrika (nine leaves / herbs /plants), nava-graha (nine planets), and nava-Durga (nine forms of Maa Durga). Hindus worship Maa Durga in all her nine forms for nine days and nine nights. Devotees fast on all nine days and welcome the goddess with dances such as the garba and dandia. Each goddess has a different form and a special significance. All the nine names of the goddess are mentioned in Devi Kavacha of the Chandipatha scripture.

Shailaputri

Shailaputri literally means the daughter (putri) of the mountains (shaila), she is the first among Navadurgas. She is worshipped on the first day of the Navratras - the nine divine nights. The embodiment of the power of Brahma, Vishnu and Shiva, she rides a bull and carries a trident and a lotus in her two hands.

Bharmacharini

Maa Bharmacharini is worshipped on the second day of the Navratras and is the second form of the mother goddess. She enlightens us through the embodiment of Durga with great powers and divine grace. She holds a rosary in her right hand and a water utensil in the left. She is blissful and endows happiness and peace.

Chandraghanta

The third facet of goddess Durga is Chandraghanta, who is worshipped on the third day of Navratras for tranquility and prosperity in life. She has a chandra or half moon on her forehead in the shape of a ghanta or bell. That is why she is called Chandraghanta. She is charming, has a bright golden complexion and rides a lion. She has ten hands, three eyes and holds weapons in her hands.

Kushmanda

Maa Kushmanda is the fourth form of the goddess and is worshipped on the fourth day. The word ku means a little; ushma means warmth; anda refers to the cosmic egg. She is, therefore, considered the creator of the universe. The universe is no more than a void full of darkness, until her light spreads in all directions. Often she is depicted as having eight or ten hands. She holds weapons, glitter, rosary, etc, in her hands, and rides a lion.

Skanda Mata

The fifth aspect of the Durga is known as Skanda Mata or the mother of Skanda or Lord Kartikeya, who was chosen by the gods as their commanderin-chief in the war against the demons. She is worshipped on the fifth day of Navratras and is accompanied by Lord Skanda in his infant form. Skanda Mata has four arms and three eyes and holds the infant Skanda in her right upper arm and a lotus in her right hand.

Katyayani

The sixth form of Mother Durga is known as Katyayani, who is worshipped on the sixth day of the Navratras. The legend is that there was once a great sage called Kata who had a son named Katya. Kata took up penance in order to receive the grace of the mother goddess and wished to have a daughter in the form of a goddess. The goddess granted his request and Katyayani was born to Kata as an avatar of Durga.

Kalratri

Maa Kalratri is the seventh form of Durga and is worshipped on the seventh day of the Navratras. She has a dark complexion, dishevelled hair and is completely without fear. A necklace flashing lights adorns her neck. She has three eyes and her vehicle is a donkey. Her raised right hand grants boons to worshippers. She is dark like the goddess Kali and holds a sparkling sword in her right hand to battle evil.

Gauri

Maha Gauri is worshipped on the eighth day of the Navratras. All sins of past, present and future get washed away on worshipping her and devotees get purified. Maha Gauri is intelligent, peaceful and calm. After her long penance in the deep forests of the Himalayas, Lord Shiva cleaned her with water from the Ganges and she became very beautiful. That is why she came to be known as Maha Gauri. She wears white clothes, has four arms, and rides a bull.

Siddhidatri

Maa Siddhidatri is worshipped on the ninth day of the Navratras. Siddhidatri Maa has supernatural healing powers and bestows her blessings on all those who worship her with faith and love. Hindus consider the Navratras auspicious for starting new ventures and buying property.

These nine days of Navratra are considered lucky for new projects as the blessings of Maa Lakshmi, Saraswati and Durga are generously bestowed on the devotees. 

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General Elections 2014 - A Great Hope for Real Estate

As General Elections are the flavor of the season going in India, everybody has been speculating about Real Estate scenario post elections. This is the only time which will tell us whether real estate market will witness boom or bane or remain intact. Real Estate Professionals are unanimous on one prediction that things will start looking up for the sector only in the second half of 2014 when clarity on the new government will emerge and businesses start investing.

2013 was not a good phase for real estate, when all properties including residential, office and retail barring some cities such as Bangalore saw a steady decline in absorption. In 2014, situation might be changed as the general election of 2014 is anticipated to have positive bearing impact on real estate.

Scenarios after General Election: There can only be following 2 scenarios after general elections.

· Existing Government is re-elected

· New Government is elected

In both the scenarios there ought to be some changes in the existing market, both economic & financial. Of course the change would be more apparent changes in case the government is upturned. It is a known fact that Property market is highly affected by the health of economy & finance in the country.

Financial Impact: With a change in the politics, definitely there will be changes in the foreign investment policies of India and that will impact the way investments are made thereafter. Even if the Government remains intact, this market is in for changes. This is because; currently the policies are being formulated keeping in mind the vote-bank. Once the elections are over, policies will be reformulated and that will affect how investments are made in Real Estate.

Economic Impact: A change in politics will not have any direct or visible impact on the economic markets as it is controlled by an independent body, RBI. But yes, indirectly there will be a lot of effect here as economic policies have to be synchronized with financial markets. Any non-synchronization would lead to halted growth and inappropriate levels of inflation in the country.

Real estate will also get affected in this case also.

For those sitting on the barrier to purchase house or waiting to sell at a decent profit, the outcomes of this year’s general elections is expected to be a game changer. From the end-uses issue of view, it is probably the best time to purchase. One can aim on buying from resale market. As proposed earlier, there is powerful prospect that distress sales will increase and it presents end-users with an opportunity to purchase at lesser rates. However, buying in secondary market means, one has to pay huge money of property value in cash.

Reference URL: http://www.realthorizon.com/2013/11/effects-of-general-elections-2014-on.html

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Residential Real Estate & Income Tax Deductions

It is that time of the year when you are in hurry to review all your investments and insurance to ensure you have availed all possible income-tax deductions. If you have missed any then you still have more than a week to make your financial decisions and avail them. Talking about income-tax deductions, here is a list of deductions/exemptions that an investor can use for her investments in real-estate.

Under Section 80(C): A tax-payer gets to deduct any repayment of housing loan done to the home loan service provider up to Rs.1 Lac for a self-occupied property.

Under Section 24 (a) & 24 (b): A tax payer u/s 24(a) gets a standard deduction of 30% of the net annual value towards repairs, calculated on the basis of rent received and fair market value of the property. A tax payer, u/s 24(b), gets a deduction towards interest paid up to Rs.1.5 Lacs on home-loan taken for a self-occupied property per FY. If you have a second house and if it is a let-out property, you can deduct the full interest (i.e. No Limit) from your rental income. You also get to claim deduction towards municipal taxes paid during the relevant FY. Furthermore, interest payable for the pre-construction period, i.e. prior to the year when possession was taken is deductible in five equal annual instalments commencing from the financial year in which the house was acquired or constructed.

The loss, if any, from the house property after considering the aforesaid deductions can be offset against income in any other head of the current FY. The loss, if any, which cannot be set off against the current FY’s income can be carried forward to subsequent FYs subject to a maximum of eight FYs for set off against the income from house property of subsequent FYs.

Under Section 54: Any long term capital gains arising on the transfer of a residential house (including self-occupied house) to an individual or HUF, is exempt from tax if the assesse has within a period of one year before or two years after the date of such transfer purchased, or within a period of three years constructed, a residential house.

For availing this exemption, the assesse must not transfer the new house within a period of three years from the date of its purchase or construction, as the case may be. Otherwise the exemption allowed under this section shall be reduced from the cost of the new house, in computing the capital gains arising therefrom.

Under Section 54EC: Any long term capital gain arising on the transfer of a residential house is exempt if the entire amount of such capital gain is invested in long-term specified asset i.e. bonds issued by National Highway Authority of India (NHAI) or by the Rural Electrification Corporation Ltd. (REC) within a period of six months from the date of transfer. However the amount of investment in long-term bonds by the assesse, during any financial year, shall not exceed Rs.50 Lacs.

If only a part of the capital gain is invested in the specified bonds the amount of capital gain exempt shall be equal to the amount invested in them. Such bonds shall be redeemable after three years.

Under Section 54F: If you make long term capital gains by selling other capital assets like shares, government bonds, land or gold then such gains are exempt if the entire net consideration is used to buy a residential house within a period of one year before or two years after the date of transfer. If, however, only a part of net consideration is so utilised the amount of exemption is calculated using a formula based on capital gains, net consideration and cost of new residential house.

If a tax-payer transfers the newly acquired residential house within a period of three years of its purchase or construction, then the amount of capital gains arising from the transfer of the original asset that was not charged to tax, shall become taxable as long term capital gains for the year in which the new asset is transferred.

Exemption from Wealth Tax: Any property which is given out on rent for a minimum period of 300 days in the previous year is not considered as an asset as per wealth tax provisions. Such a property i.e. let out for 300 or more days, is excluded from net wealth and not subject to wealth tax as per the prescribed provisions of the wealth tax law. Also any house occupied by the assesse for the purpose of his business or profession is excluded from net wealth and not subject to wealth tax.

Reference URL: http://sites.ndtv.com/property/residential-real-estate-income-tax-deductions/

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Sikka Karnam Greens – 1/2/3/4 Apartments Sector 143B Noida Expressway

Sikka Karnam Greens is a 10 acre FNG facing project located at Sector 143B, Noida Expressway. The project offers 1, 2, 3 and 4BHK apartments. The landscape is beautiful with spacious houses. The project has various modern amenities like swimming pool, play area, and gymnasium etc.

Sikka Karnam Greens Noida would definitely be that place where you can find the ideal stability between family, leisure, health & pleasure. It is simply that place for which you have been dreaming of.

Sikka Karnam Greens Sector 143B is a unique destination in the heart of Noida, Presenting an unrivalled collection of living, health and lifestyle, the best the world and the region has to offer. Whether its health, greenery, or Lifestyle, you will find its most refined expression at this residential project.

Indulge in a unique living experience, the project offering the world’s most original, revered and influential living experience, many of which are exclusive. The whole family may enjoy the lifestyle weaving through the beautifully landscaped gardens on Noida Expressway & FNG.

This high level of social entertainment and interaction is a reflection of the creative choreography that has made Sikka Karnam Greens uniquely original among flats in Noida.

Location Advantage:

§  Stone throw distance away from upcoming Metro Station, facing Wi-Fi FNG Expressway and Taj Expressway

§  5 minutes’ drive from Mahamaya Flyover.

§  7 minutes from Sec- 37 Metro Station, City centre and Kalindikunj Flyover

§  10 minutes’ drive from DND Flyover & Sec-18 Atta Mkt.

§ 20 minutes’ drive from Akshardham temple/CWG village & upcoming proposed International Airport Gr. Noida.

§  Strict zoning of brands as per the floors

Type & Sizes:

Type —————————- Area

1 Bedrooms + 1Toilets 590 sqft

2 Bedrooms + 2 Toilets 840 sqft

2 Bedrooms + 2 Toilets 940 sqft

2 Bedrooms + 3 Toilets 1150 sqft

3 Bedrooms + 2 Toilets 1255 sq-ft

3 Bedrooms + 4 Toilets 1480 sqft

4 Bedrooms + 5 Toilets 1920 sqft

About Sikka

The Sikka was founded by Sh. Gurinder Singh Sikka in the year 1986. The Sikka Team has risen with time and expanded their boundaries with experience engulfing in it a lot of expertise, allocates, masterpiece, partners and sister concern and today our margins are literally endless. Sikka is not only engaged in real estate’s but also in Automobiles, Hospitality, Education, Outdoor Advertising Media Business and Filling Stations.

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The Trend of Townships - Buzzword in Indian Real Estate

There is new era of integrated township started in Indian Real Estate. This new phenomena has been catching the attention of real estate buyers who wish to receive basic needs like education, shopping infrastructure and health care in a single project. Let’s get insight of these self-sustained ventures and their popularity.

Township: No doubt, India has witnessed the tremendous growth in real estate as a result of urbanization and industrialization over the years. Even constant increase in population has been pushing enormous rise in demand for real estate and infrastructure. Of lately, the needs and priorities of people towards properties has been changed. Earlier real estate buyers used to satisfy with standalone properties but now they look for a package wonderful as a whole including luxurious branded residences along with high-end retail spaces and grand corporate suits. The concept of integrated township caters to such needs and brings the new wave of trend where a residential parcel is combined along with a commercial establishment, entertainment zone and corporate space.

The New Wave: The New Wave Townships are the future of residential real estate. Investors willing to park their money in township projects should look for the right combination of factors that will be useful for them. With the entry of private real estate developers, the Indian property sector is witnessing major changes and is prospering. Modern townships and other development projects by private players have revamped the realty sector. The country is witnessing a new phase of development that is not only restricted to metropolitans but is also spreading to tier II and tier III cities, although the real estate property of Bangalore has been witnessing maximum growth over the last few years.

The altering trends, growing needs, changing habits and the desire to rise socially – all these factors play a crucial role in deciding what a buyer opts for. Integrated townships not only offer awe-inspiring infrastructure with amenities galore but there are also provisions like schools, hospitals, gymnasiums, clubhouses, swimming pools and shopping complexes to uplift the residents’ standard of living. Townships also decrease the socio-economic divide among the occupants by presenting similar residential units and providing same facilities to all. People feel highly secure being residents of group housing societies that offer a healthy & progressive environment for occupants. Today many of renowned real estate developers like Sikka are coming up with this one-of –kind townships along with eco-friendly environment and vast open spaces.

Townships lure NRIs: Non Residential Indians have been increasingly giving back to their homeland. They consider it as a safe investment that gives them a sense of security. This trend has massively increased with the downfall of the Indian Rupee. NRIs are making most this opportunity and parking money in the Indian property market. NRIs are also drawn to the larger interest rates on Non-Resident External and Foreign Currency Non-Resident deposits. Foreign investors seeking to buy a unit in a township project must study all parameters in detail and should remember huge land parcels for townships are rarely available in the midst of the city. But that should not compel you to buy a house in a development that is far away and cut off from the main city. Potential investors who wish to become home owners in one of the residential units of a township can seek financial aid from banks. The Indian property sector is expected to expand to US$ 90 billion by the year 2015 and FDI is likely to grow six-fold to US$ 30 billion in the following decade, making Indian townships a haven for investment.  

Reference URL: http://realtybiznews.com/indian-real-estate-welcomes-the-trend-of-townships/98723816/

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Sikka’s Kapital Grand – The Smart Offices in Noida Expressway

Are you freshly out of school and are seated on a great business idea? Have you been formally employed for the past couple of years and want to break out on your own? Do you lack the proper resources or opportunity to do so?

A great number of us today fall into either one of these categories. We either lack the resources or simply are afraid to start out on our own because of the risks involved, or both! 

Take your office to Kapital Grand where the future lies and leap into the world of convenience, distinction and elegance. Sikka’s Kapital Grand is one of the towers in The Downtown Noida that consists of state-of-the-art, modern and smart offices. Situated at Sector 98, Noida Expressway, this commercial tower brings you the smart offices with features galore including ultra-modern convention centre, suiting specific size requirements, recreation facilities, affordable price tag and many more.

This project has great planning and designing concepts. To ensure fool-proof processes, Sikka is meticulously doing the selection process of vendors. To match the advanced technology and environmental protection standards, the organization is working on risk analysis, futuristic safeguards and advance measures. Currently, the organization is in search of resources to form an efficient team in order to meet all quality standards.

Dedicated entrance lobby with 5 star ambiance & reception desk, fully equipped conference halls, ultra-modern convention centre, dedicated parking spaces and medical facilities this project gifts incomparable growth opportunities to the property hunters and real estate investors for life long. Thus, Kapital Grand has been emerging as backbone of Noida commercial market. By offering international level of deluxe amenities and lucrative features these smart offices has become a grand choice for every property lover.

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Sikka Karmic Greens: An Excellent Option in the form of Green Homes

No doubt, performance certification puts a great zeal and new enthusiasm in the working spirit of real estate builders/developers in initiating quality commercial, residential, industrial and retail projects with affordable economy. These projects not only serve the housing and commercial needs of the residents of the prospective cities but also contribute towards vision of building India.

Sikka Karmic Greens has been awarded as Gold Certified Green Building from Indian Green Building Council (IGBC) in terms of offering exceptional green homes along with eco-friendly design and high living standards. The project has been designed and developed by Sikka in compliance with established practices and emerging concepts of Indian Green Building Council. By creating these green homes, Sikka trends to optimize the use of water, energy, natural resources in order to generate less waste and provides healthier spaces for occupants.

Located at unspoiled destination of Sector 78, Plot No. 1(C), Noida, Sikka Karmic Greens comes in close vicinity of proposed metro corridor, golf course and a modern sports stadium which are few kilometres away from Sector 78. In addition, situated adjacent to Sai Mandir, City Center Metro Station, Fortis hospital, DND Flyover, NH24 and Sector 18. 

Presenting an array of comfy and ritzy abodes with 1, 2 and 3 bedrooms in 585 sqft to 1910 sqft floor area the project is launched to match up with extra modern and noble lifestyles in front of elite community. Having awe-inspiring interior and exuberant exteriors Karmic Greens Noida project opens the doors of several golden opportunities for those buyers/investors who want to invest in high profitable property dealings. Due to cost effectiveness and connectivity with most important commercial places these homes are getting amicable success on the world level not only for luxury living but also for spectacular finishes and extraordinary facilities.

Blessed with several attractive amenities and impressive specifications such as exclusive clubhouse with party hall for various social gatherings, all major rooms of the units face green landscaped area, round the clock security and efficient water supply with 100% power back up Sikka Karmic Greens Sector 78 has become top rated project among others in the city.

Read More About: http://www.sikkakarmicgreens.com/

                                                                                                                                                                

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