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The Noida commercial development consists of sectors 1 to 6, 10 to 16, 16A (film city), 18, 51, 51 and 57 to 62. Many new modern avenues are also built in sectors 21, 28, 29 and 37. Since there is a massive growth of Noida commercial sector, large complexes in Express Tower sector 16A, Express Tower in Pipe Line and Logix Park of sector 16 are built.

Noida Commercial Property Market Scenario

Even though there is high demand for commercial property in Noida but the price is comparatively reasonable due to adequate supply. Hence, commercial spaces are offered in affordable prices to investors.

The major backbone of Noida consists of IT & ITES. Most of the IT companies are located in sectors 29, 57, 58, 59, 60 and large area in and around sector 18. The rapid increase of IT spaces has eventually stretched the city limits to about 0.78 Million sq ft against the average demand of 0. 52 Million sq ft. Besides the IT, the BPO also forms a major sector in the city.

Apart from corporate buildings, the Noida commercial property also comprises of retail and industrial sectors. Sector 18 is famous for holding retail shops, markets and malls. On the other hand, there are more than 7000 manufacturing units with an investment of Rs 15,000 crore.

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The issue is not with the price falling..I have difficulty in paying..Can I just not give the keys to the bank..I am not absconding..

if you stop paying installments, the bank will take possession of your property even if you don’t give key. they will take police help to take possession. then they will auction your property for a very low price to cover their outstanding balance of your loan. there is a sword with them now called SARFAESI Act. this act gives banks to directly auction your property without undergoing legal process in DRT. don’t take risk. if you don’t have resources it is ok to lose. but if you can pay installments then be honest. it will pay you in the long run. Joint home loan, India. Husband & wife have claimed 100% of principal & interest. Pls Help.?

Trying to include home loan interest.. but where can i include.. row 2a have only positive No.s. i am individual salaried.

If u want to include Int. on HL, then u should use ITR 2 & NOT ITR 1. In row 2 fill it as NIL. Fill the interest details in sch. HP & CYLA and then take it to Part B -TI. The form itself suggests in brackets as to from where a figure is to be taken. Just follow it. Best bank in INDIA for taking Home Loan?

Due to the rapid expansion of the realty market of Noida, buying and purchasing of properties have become quite challenging. As a purchaser, you would probably get confused while making the best deal as innumerable property options flood the market. On the other hand, you are required to take strategic steps while selling property as you need to compete with thousands of similar realty properties.

So, if you are up to making the best real estate deal, you are recommended to engage one of reputed agents in Noida. The following are some tips while choosing your real estate agent.

As already mentioned, the simplest way to make the best possible deal is to by involving agents in Noida.

• Find an agent who has worked for years as consultant and is well reputed for offering effective advices.
• Short list names of few agents in Noida and have a talk with them. Go for the one who has not only good experience in the field but also the patience to listen to all your requirements. Since you have to be in contact with the individual for quite some time, make sure the agent is friendly and patient.
• You may also take help of your friends, relatives and associates. If you find any of your friends has been able to make considerably a good deal with the aid of a real estate agent, get the agent’s name and contact him.

You can engage real estate agents Noida for buying, selling or renting of residential and commercial properties. To make the process fast, you may jot down your requirements on your own so that the agent can easily perceive what you want. You would then accordingly be provided with the price of the plots and their availability.

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If the house is a joint property, then you can claim tax exemption to the extent of your share in the property. If the proeprty is in your mother’s name and you are only the joint holder in bank loan, then you cannot claim any tax benifit.

You can claim benefit on home loan u/s 24(b) & 80C if:

- You are the joint owner of the home

- You are the joint borrower of the loan

- You are paying interest and principal from your income (to the extent of your contribution)

Should I file tax on 288000 income from tution

I am taking tuitions at home and am making 288000 approx annually. I am paying for my home loan. Should I file tax. Tel me the process if

1. Salary is 288000 from tuitions.

2. Other than salary having income form house rent. 60000

Your tax depends on your home loan interest and principle repayment. The banker will give you a certificate every year after March stating how much you have paid towards interest and how much you have paid towards principle amount. I am giving a simple calculation below with assumed figures. Replace assumed figures with actual amount and re calculate it by your self .

Income from tutions is not considered as ‘Salary’.

It is ‘Income from Business & Profession’. Filing ITR-4 is no joke. You can claim deduction of expenses from income. Also you can claim home loan benefits u/s 80C & 24(b).

You have income under 2 heads:

1. ‘Income from Business & Profession’

2. ‘Income from House Property’.

Yes. Your total gross income comes under the taxable income. You have to work out your tax liability as under:

Income from tuition

Income from Interest, if any

Total

Deductions:

Investments in PPF, LIC, etc under sec. 80 c (Max Rs 1 lakh)

Interest on housing loan less income through rent less allwable

expenses such as maint. property tax etc.

Then see if your net income is more than Rs.1.6 lakhs. If yes, please pay tax and file your return.

Please take the help of tax practitioner in your locality

Can anyone give me a group of investor who want to invest in Properties of Gurgaon?
Please contact if any one want to invest in properties of gurgaon at 9910273906 gaurav(property consultant)
Yes,I want to invest a few $million with you, now that I have seen your avatar on this page, but which side of Mars is Gurgaon on?

Commercial Land, Agriculture Land, Residential Land & Farm House Land in Gurgaon,Delhi,Rajasthan,Bhiwadi India

Here are some interesting real estate project in Gurgaon:
Ild Spire Greens Gurgaon
Tata Raisina Residency Gurgaon
Unitech Fresco Gurgaon
Dlf Town Houses Gurgaon
New projects in Gurgaon

Hi, What is the time duration that we need to invest the amount we get from a property sold. Apartment sold now how much time will i have to buy one without any issues with taxes. Short term capital as i sold it before 36 months. Any ideas…
Read carefully. If you purchased the property, that you are planning to sell (or have sold), at least 3 years before the sale, then there is no short term capital gains tax. However, if the property in question was acquired by you less than 3 yrs ago, then there would be short term capital gains tax. To save that tax you will have to re-invest basic amount and profit (after deducting any interest paid for loan) in a new property. You will have 12 full months for this transaction. Example, if you sold the property on 15th July 2008, you can buy the property latest by 14th July 2009. The dates are taken from the date of registration of the documents with sub-registrar’s office. The other option is to re-invest the money in Capital Gain Bonds, like the ones offerred by Rural Electrification Board ot NABARD. Note that the ROI will be to the tune of 5.5%. But there will be no Short Term CG Tax. ATB

Here are some interesting real estate project in Gurgaon:
Orris Carnation Residency Gurgaon
Ramprastha City Edge Towers Gurgaon
Unitech Nirvana Country 2 Gurgaon
Dlf New Town Heights Gurgaon
Dlf Express Greens Gurgaon

You can always refinance your mortgage through another bank. Just do some searching and see if you can find another bank that is offering a better deal and talk to a loan officer about the possibility of having your mortgage refinanced.

Please specify the bank name in India which is offering lowest interest rate for Housing Loan?

I Bought a flat by Home Loan India.The interest rate offered by the bank is 11.25%in floating system.I feel it is very high.Is there any bank offer lower interest than this rate of interest.Is it possible to convert to one bank to another bank?
In the present day situation there is all possibilities that the Interest rate will still move up further in order to curtail the Inflation so the 11.25 % that you are paying now is apt.

What is the maximum percentage of home loan available in India at present?
I am planning to buy a house and I am a permanent resident of Mangalore city in Karnataka in India. However, I am an NRE since a year as I work in Dubai. I would like to know what is the maximum percentage of loan that is offered by the banks at present to buy a flat?? For e.g: If the amount of the purchase is Rs.15 lakhs, then if the banks give 75%, then I will get an amount of Rs.11.25 lakhs. In this way what is the maximum amount that is available now in the market for home loan??

Price war is on. The interest range between 8 and 8.50% for the first two years of loan term and for the subsequent period there is a slight variation on the higher side. Private banks have some hidden charges, while it is not with SBI.

Is there a website that will give me HDFC home loan rates across all banks in India?

What was your credit score when you received a home loan?
I have a credit score of 618. Is this enough for me to apply for a home loan?

Mine was 680 and I got approved with no problems. You will probably get a loan, though it won’t necessarily be as good of an interest rate if you had had like 800 plus instead.

I’ve been doing a lot of research in terms of qualifying for a home loan and can’t seem to find an answer to this. Many home loans require you to show a bank account statement of at least 3 months of savings. I unfortunately don’t have that but the monthly mortage is not an issue. Will my parents adding my name to their savings account allow me to still use that account as proof of the 3+ months savings to qualify for the loan? Will this help in any way towards getting approved for the loan. Thanks!

No because it may be considered community property. They want to see that you have the savings in case you lose your job, you will still be able to pay your mortgage for a few months. It is called reserves. They usually want to see at least 6 months worth of payments in a savings account. You may want to see if you can borrow the money from your parents and open up your own account. The lender will take savings, 401K, IRA etc. Any kind of money will do.

What kind of home loan interest rate could I get with a bankruptcy on my record?
I have a chapter 7 bankruptcy on my record from 2003, but I have no debt and a credit score of about 700. And I have $20,000 for a down payment. If I got a home loan, would the bankruptcy make a huge difference in the interest rate? How big a difference?

I had a bankruptcy back in 2001. My husband and I bought a house in 2004, and my credit score was about 700 as well. We had no problem getting the low interest rates that were available at the time. You have a fairly large down payment too, so depending on the cost of the house you want to buy, you should have no problems getting the lower rates. I think the standard rate right now is about 5.5-6.5%.