What you need to know about Home Loan IncentivesWhat you need to know about Home Loan Incentives

Anyone who is obtained with a certificate from the lender is eligible for a deduction in the interest of the home loan even if it is taken from a companion, employer, or a private lender.

Also it is less expensive to Book an apartment which is under construction. I.T regulation grants you to guarantee the total interest paid during the pre-conveyance time frame as a deductcion in five equivalent installments beginning from the financial year in which the construction was finished or you obtained your condo (by and large this indicates the date of ownership).

Obviously, the most extreme you can guarantee as an allowance each year keeps on being Rs. 2 lakh, in the event of self-involved property (Although, you could be qualified for the extra interest derivation of Rs.1.5 lakh for your first house).

It appears to be legit to buy the new apartment together – say with your spouse, then, at that point, each of you is qualified for an allowance of Rs.2lakh for interest subsidized by each of you, as clarified previously. On the off chance that you have a working child and the bank will part the advance three different ways, each of the three can profit allowance up to Rs. 2lakh each on self-involved property. Add to it the extra interest (if material for leased or considered to be let out property) and thesavings can be critical.

No notional rent will be added to the taxable income for your second self-occupied house property. Thus, if you don’t find a ready tenant you can keep it self-occupied. Do note, that this leeway is available only for upto two houses. A third house which is not let out will still attract tax on its ‘deemed value’. In other words, tax will be calculated at expected rent.

The total loss from house property which can be adjusted with any other income(salary, other source) has been capped at Rs.2lakh. Further, if you are unable to set-off the interest of Rs.2 lakh against any of the heads of income, the (surplus) interest which could not be set-off can be carried forward only for eight assessment years. Additionally, such set-off is possible only against ‘Income from house property’. It becomes a sunk cost if you haven’t let your house on rent.

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How to Improve Your Credit Score for a Home Loan during PandemicHow to Improve Your Credit Score for a Home Loan during Pandemic

A credit score is everything. It gives the lenders or the banks vital information about your creditworthiness. It is a score rating from 300 to 900. It informs the lenders or the banks as in many cases your ability to repay back the loan taken. There are many things that a lender will look for before approving a loan and a good credit score is one of them. A good credit score ranges between 700 and 900.

A good credit score will affect your loan repayment time. It will provide you with a low interest rate and a high loan amount, and of course the time frame for approving the loan, which will be quicker.

The pandemic has brought much trouble and problems of its own. Job losses, low salaries, companies shutting down, and in a worst-case scenario, no salary at all. No part of the world has been insulated from the pandemic and we see that the issues created by the pandemic are more or less the same everywhere. There is no escaping from the pandemic. So, the question now is how do you improve your credit score in such turbulent times. The question may seem difficult to answer, but there are ways actually you can improve your credit score.

Some banks provide low-interest rates to borrowers, who have a high credit score around 700 and above. To increase your credit score, one should adopt the following measures.

1.Crosscheck your credit report: Sometimes, there can be errors in your credit score report. So, check thoroughly whether your report is updated or not. You can also check whether your report is authentic and if any issues are found, get it corrected.

2.Decrease your loan applications: You should not apply for more loans from multiple lenders or banks as it may hit your credit score badly. It may also signal to the lenders that you are facing a cash crunch or a distress situation.

3.Personal loans: Don’t go for personal loans as they are unsecured loans and may hit your credit score. Banks might think the borrower is risky if you have unsecured loans.

4.Loan repayment: One should not default on existing loan dues, as they will lower your credit score rating. All loans should be repaid back in the time frame agreed upon. The banks or the lenders will also look at your other factors, such as your present salary, financial history, and any outstanding dues.

If your credit score summary is good, there are high chances that your loan will be approved. Any rejection of loans should not be a disappointment in these pandemic times. But it has to be analyzed why the lender rejected the loan application. A thorough understanding of the fundamentals of your credit score has to be undertaken. The points listed above can come to the rescue. A good credit score will mean you are out of debt and have access to funds or loans from lenders or as the case may be from banks or financial institutions.

In India, we look at CIBIL score, which is the standard in credit score.

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Advantages of Buying Flats and Apartments from Reputed BuildersAdvantages of Buying Flats and Apartments from Reputed Builders

Investing in the Real estate has been a prime mover in the economy of any country. From an individual point of view also, it holds true. The Indian middle-class family always dreams of owning their own apartment or a flat. There is nothing that beats the smile on a family’s face once they are handed over the keys of a well-built flat. So, if having a flat is such a big factor today, then selecting a real estate developer or a builder also is also of paramount importance. There are many reputed builders in India and all of them have to abide by the norms of RERA. It stands for Real estate regulation act. It was constituted by the government of India, so that unfair practices by the builders may come to an end.RERA stands for protecting the customer.

Buying a flat is a costly affair. People submit all their lifelong savings or take loans from banks. In such a scenario, it is only natural that buyers would go to reputed builders only, as so much is at stake.

Few points which have to be considered regarding reputed builders are:

  1. Trustworthiness: This is a very important point regarding reputed builders.If many people trust in a brand, it creates an atmosphere of confidence and security.The builder then doesn’t have to do much as the prospective buyer already feels secure in his purchase.
  2. Ease of getting loans: Since the real estate developer or the builder is already famous, it will be very easy for reputed banks to get associated with them.That in turn is a win-win situation for all, and the customer benefits the most.The customer gets the best interest rate for his loan from the bank and a comfortable payback duration.
  3. Quality parameters: For the reputed builder, quality comes first. From the materials used in construction to the well trained employees of the builders, everything will be at premium.So, we see that a reputed builder, will leave no stone unturned for delivering his well built flats.
  4. Delivery on time: We see that according to RERA, timely delivery as promised by the builder has to be honored. With reputed builders, it should not be an issue, as they have a reputation to keep.
  5. Modern facilities and Amenities: With technological advancement and development, there are many new things which are a part of a modern flat, compared with some few years ago.In the case of reputed builders, they make sure that the occupants get the best facilities at par with international standards.As we see,a modern, state of the art apartment boasts of many features which may not be there with less popular builders.

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Perfect Work-Life Integration Comes With SunnyvalePerfect Work-Life Integration Comes With Sunnyvale

A city that promises a quiet and comfortable lifestyle is what one just cannot get enough of.  Kochi is among the most loved metropolitan cities in the world today with all that it has to give to its residents. Being the flourishing IT city that it is, working professionals are settling down in the city and looking for their perfect home. The real estate market in Kochi has grown over the years with a variety of residential and commercial projects currently underway.

A modern, stylish, and trendy residential offering can be found in SFS Sunnyvale Kakkanad. This spectacular Project is located on Expressway Kakkanad, an area that is well-planned with a variety of premium projects. The Smart City  and infopark are within reach, and this is a big benefit, since it ensures that one can be closer to the workplaces. There is also a great rental opportunity for this project. Additional benefits include proximity to Cochin city, Seaport-Airport Road, and connectivity to the proposed Kochi Metro phase 2 and water metro. This provides the much-needed accessibility to the major IT hubs ,Educational institutions  and other places of convenience.

SFS Sunnyvale – A Door To Luxurious Living!

This expansive project is a very promising piece of land. These homes are the symbol of ease and luxurious designs. The interior spaces are appealing and easy to maintain.  You can choose between the spacious 2 ,3 & 4 BHK apartments in Kochi.

SFS Sunnyvale (The project has been registered via RERA registration number  K – RERA/PRJ/158/2020 ) is a unique urban development that is focussed on providing its potential inhabitants with the greatest degree of comfort for a modern lifestyle like no other.  You will find homes that are amazingly spacious and feature high-quality amenities. You will find that the outdoor facilities in this project are heavenly and full of fun, wellness, leisure and quiet. This 2 , 3 & 4  BHK flat in Cochin  also offers 24-hour water supply, back-up electricity, and rainwater harvesting. The outdoor amenities include a gymnasium, a swimming pool, a playarea for your children. You can enjoy a life of zen with so many exquisite gardens in the premises. With so many ways to relax at your new home, one can definitely feel stress leave their lives and enjoy greater successes, both personally and professionally.

Make  SFS Sunnyvale Your New Home

SFS Homes is certainly something to look forward to and there is no question about it. If you want to settle down in Cochin, then do make sure to check out SFS Sunnyvale. You will certainly be happy and content with your decision.

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SFS Tranquil- Where a World of Peace Awaits YouSFS Tranquil- Where a World of Peace Awaits You

Since the inception of mankind, community living provided us a sense of belonging and a feeling of security. In the current fast-paced modern life, these factors can be much beneficial as the busy schedules can lead us to isolation and aloofness. Socialising has been proven very necessary for healthy living as it opens up ways to earn new experiences.

Imagine a community where you have like-minded neighbors, where you feel safe sending your kids out to play, where you don’t worry about leaving your elderly parents alone, where you don’t have to worry about a burst pipe or intermittent water supply, where there is abundant living space and serenity. That is what you call an exceptional experience of community living. That is where you would like to have your home, a place where you can enjoy the best of lifestyle amenities nestled with open green spaces.

SFS Tranquil located at Kodimatha, Kottayam gives it all! Where creating meaningful relationships has become a rare activity, SFS Tranquil is going to change that. These residential homes are designed to give you the privacy of your own homes along with the benefits of community living.

SFS TRANQUIL

These homes come with the best architectural and infrastructural facilities. Life just gets better with living amidst nature in peace and harmony. So, come discover SFS Tranquil, where you get a chance to live the social life you have always dreamed of.

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Kochi Metro’s Kakkanad extension gets Centre’s green signalKochi Metro's Kakkanad extension gets Centre's green signal

Budget 2021 | Kochi Metro’s Kakkanad extension gets Centre’s green signal

The Centre has accorded the green signal for Kochi Metro’s long-overdue 11.20-km-long Kakkanad (Infopark) extension, with ₹1,957 crore being earmarked in Monday’s Union Budget.

The project cost includes the expenses for land acquisition and taxes. The State Government had sanctioned the project in 2019.

The phase-two extension to Kakkanad that will take off from Jawaharlal Nehru International (JLN) Stadium and terminate at Infopark, will thus provide a metro-rail link between the city hub and the expanding IT hub.

It will also establish metro connectivity from the city to the district headquarters, residential and industrial areas, and the SEZ located in Kakkanad. The plan is to complete the project that will seamlessly integrate with the 27-km-long Aluva-Tripunithura phase-one metro corridor, will be commissioned in another four years, Kochi Metro Rail Ltd (KMRL), sources said.

There will be 11 elevated stations in the proposed metro corridor.

Once realised, the corridor will also provide city connectivity to Silverline – the semi-high speed rail corridor proposed from Thiruvananthapuram to Kasargod, which has proposed its Ernakulam Station near Infopark.

Both the mass rapid transport systems will most likely converge at the same premises or have a common station, so that commuters would not have to depend on alternative modes of transport while switching from Silverline to metro-rail and back. The metro extension will also have link to Water Metro’s Kakkanad and Infopark jetties.

Preparatory works

The KMRL has already begun preparatory works to carve out space for a metro viaduct along the 30-metre-wide Seaport-Airport Road, from Collectorate Junction. Land acquisition, for which paper works is getting over, will shortly begin to widen the JLN Stadium-Collectorate Jn. stretch into a 22-m-wide stretch.

The KMRL, which is implementing the metro’s phase one extension from Pettah to Tripunithura would execute the Kakkanad extension too. The Aluva-Pettah corridor was implemented by DMRC.

Kakkanad is a prime location in Cochin where most of the IT operations happen. Infopark, one of the largest IT hubs in the state has opened doors to many businesses in the area. Not just IT companies, Kakkanad and its nearby areas are surrounded with shopping destinations, food joints and more. The area is hence ideal to live for all the activity happening there and ease of living.

SFS CASAFLORA
SFS CASAFLORA – 2, 3 & 4 BHK Premium Apartments at Vazhakkala, Cochin

SFS Homes has various projects in and around Kakkanad. SFS Casaflora and SFS Sunnyvale are two of the prominent apartment towers in Kakkanad which provide a comfortable stay with world class amenities. While Casaflora stands for elegance and comfort, Sunnyvale is the epitome of luxury and flamboyance. These two apartments are very close to Infopark, hence ideal for techies. Other completed projects by SFS Homes in Kakkanad are SFS Gardenia, Branton Park, Silicon Drive, Silicon Park and Silicon Hills & Meadows. All these projects are extremely convenient to reach and provide a comfortable living.

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TCS to invest up to Rs 1,500 cr in Thiruvananthapuram Technocity at PallipuramTCS to invest up to Rs 1,500 cr in Thiruvananthapuram Technocity at Pallipuram

The Kerala government has approved a proposal by Tata Consultancy Services (TCS) to invest up to Rs 1,500 crore in Technocity, an upcoming technology park in the suburbs of Thiruvananthapuram city.

TCS proposed investments in the fields of IoT, Blockchain, Robotics, Data Analytics, Machine Learning and Artificial Intelligence aimed at contributing to the defense, aerospace and hardware manufacturing sectors, Kerala Chief Minister’s office informed.

The state cabinet on Wednesday gave its nod for the proposals that could generate up to 20,000 direct and even more indirect jobs. Already, TCS continues to be the highest job provider in Kerala with around 15,000 persons working in different units.

TCS had initially announced setting up its biggest training centre in 97 acres in Technocity. This fresh proposal is the company’s major investment to come up in Kerala after the Covid scenario, said the CMO.

Technocity is at Pallipuram, about 20 kilometers from Thiruvananthapuram city and nearly five kilometers from Technopark.

SFS Cyber Gateway is a prestigious project from the house of SFS Homes, where three spectacular towers pave way to comfortable living. Named Avon, Eden and Tivoli, the SFS Cyber Gateway project lies very close to Technocity, the new IT hotspot in the state. This project, located in the most sought-after location, attracts techies and others alike, with its infrastructure and amenities.

The apartments are fabulously designed with balconies that give a good view of the city and rooms that are spacious and well planned. The facilities offered by SFS Cyber Gateway are ultra-modern and sophisticated. With flamboyance and neat design, the multi storeyed towers have apartments that are comfortable and luxurious to live in. Every nook and corner of the buildings are carefully planned and safely constructed, making them perfect places to be called ‘home’. This avante garde project is where quality meets sustenance.

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Covid proof apartments at SFS Tranquil Kottayam.Covid proof apartments at SFS Tranquil Kottayam.

‘The sky will never be the same again ,yet dreams will find a new dawn again’.

This beautiful quote is embodied with a lot of meaning and relevance . The COVID 19 Virus changed mindsets, work patterns, policies and social  paradigms across the globe. In the same wave of transformation design philosophies evolved with a new synonym.

Resilience, biophilic and wellness based design features that imbibe these aspects offer the most sturdy solutions in dealing with the Covid Pandemic. Let us carefully explore some of the characteristics that make our homes Covid proof.

Design elements in SFS Tranquil

What could be the picture-perfect model of one such dream home? Clutter free design ensuing ergonomics is an important factor. The concept of Social distancing facilitated by spatial distanced apartments is another important factor in this Covid era. The low density (61 apartments in 91 cents) single tower project SFS Tranquil at Kottayam by SFS Homes, imbibes these factors.

At SFS Tranquil flats, common areas are designed and built with naturally ventilation. Fresh air will dilute the pollution level and flush out the contaminants. The common areas are designed and built harnessing 85% sunlight. Windows are well placed to utilise sun movement across seasons using computerized simulation. Therefore every space receives maximum sunlight. The high performance glass used on all windows ensures screening of harmful UV rays. Ample sunlight will naturally sanitize and increase immunity for occupants.

The visual language used in terms of tall room, wide angle design ensures uninterrupted flow of natural energies. This improves the wellness quotient of the occupants. Windows with  spectacular views enhance the mood. Lush greenery and bespoke experiences by renowned landscape architects add to high biophilic value. The Yoga deck-like sun kissed balconies help in fighting germs and staying healthy.

Green Building

SFS Homes are pioneers in green building concept in Kerala.The first multi dwelling residential gold rated building in Kerala was SFS Grande in Trivandrum. SFS Stanford in Trivandrum is Kerala’s first and only platinum rated green building . This has been certified by Indian Green Building Council (IGBC ) certified gold rated building. SFS Tranquil is an IGBC Pre certified gold rated building. High wellness quotient is an in built feature of SFS Homes.

Technology for minimum manual intervention

SFS Tranquil is technologically equipped  to attain least human intervention. High level automation like mechanised boom barrier, contactless access, automated waste water treatment, piped gas supply , designed with self sufficient water management system ,dash board control for property manager to name a few. Onsite waste burner is available to burn contaminated waste within the premises.

Using construction materials that enhance wellbeing

Antibacterial, antimicrobial and easy to clean surfaces are must haves for the wellbeing of inmates. Flooring materials like Nano polished vitrified tiles and porcelain tiles, Quartz, granite, or laminate and lacquered finished doors, stainless steel door handles and lift walls help to prevent bacterial and microbial survival . It is pertinent to note that  stainless steel is among the most versatile material with minimal bacterial and viral retention. This offers hygienic and easy to clean surfaces in times like Covid 19. Seamless and easy to clean surfaces are part of our design policy. Windows and common area comprising of NO NOOK, NO JOINT, NO GAP designs facilitate easy cleaning. Low VOC paints and materials used to increase health and reduce emission-based allergies.

Concepts employed in bathrooms to avoid bacteria and virus traps

Spa-style bathrooms with his and her wash basins, natural light with large windows with outdoor  views are aesthetics with purpose. Well-designed natural and forced exhaust system help to remove contaminants. The project has installed anti bacterial glazed sanitary ware which kills microbes concealed in toilets. All toilets are equipped with wall mounted EWC closets ,concealed cistern facilitates cleaning. This  helps in reducing nooks  were bacteria and virus traps.

Keyless entry and lifts

Key less entry for each apartment to make it contactless .And provision to remotely operate opening enhances this feature. Multiple high speed lifts (1.6 mts / sec) for facilitate social distancing .It also reduces crowding and call waiting time.

Facilities for support people

Need help at home? Facility to accommodate in-house support staff are available within the premises. Each apartment has maid’s or nurse bedroom and toilet, drivers dormitory facility, property manager room, security room .These attributes add immense value during Covid times.

More carpet area

Conventional functional room type floor plan is versatile. This as an alternative to modern open room design is useful . As we are aware functional square footage is now more important than ever.

Work life Balance

Large master bedroom provides space for flexible work cabinets. As elucidated above the entire ambience stimulates creativity and improves productivity for those who ‘work from home’ .There is minimal glaring for display screens, and better acoustic control fenestration is facilitated. Building is equipped with high bandwidth broadband connection backed  by FTTH optical fiber backbone .The ample switch sockets to facilitate remote and work from home. All bedroom design are flexible spaces. This helps to adapt to changing requirements, namely storage – study – lounge –hobby. 

Covid times come with double whammy -Work from home and work out at home. Spaces follow distinct demarcation between live space- work spaces – work out space – learn spaces. Entryways foyers, shoe store spaces, disinfection and sanitizing spaces provided in every apartment have another utility. It creates screening space before entry to living area. Further, each apartment and building are completely and mandatorily flushed out before handling over.

Self-sufficient ecosystem

SFS Tranquil is self-sufficient in electricity and water. Rainwater harvesting, storage, filtration plant provides hassle free water across all seasons. Due to the efficient water management system and low flow fixtures, water cost per apartment is reduced by 40 percent less compared to a conventional building. The water treatment system is equipped with activated carbon filter, sand filter and disinfection for microbial elimination.This ensures potable water here conforms to International standards to limit the presence of microbes.

The building is designed to reduce energy consumption by 10 percent .Further, captive production of power through bio fuel operated generator and 30 KW solar power plant makes the apartment almost energy neutral. Apartment has electric vehicle charging facility ,thereby reducing dependency on fossil fuel and need to go to the fuel station.

Elder and Kid friendly

All these aspects encompass elderly and kids friendly design and function. Barrier free design for common areas and one toilet in each apartment for easy movement of wheel chair enhances  the uniqueness of SFS Tranquil apartments, especially in Kottayam.

Have a passion for cooking and food?

Every apartment has elaborate first and work area kitchen for elaborate cooking, and storage. Beyond functioning as the hub of the home, kitchens regain importance as people are no longer eating out or ordering in.Therefore cooking increases due to both necessity and enjoyment.

Quality lifestyle at all times

SFS Tranquil Building design provides facility for private containment. The concept of shared pandemic helps handle social resilience. Community meeting -greeting – entertainment spaces helps avoid loneliness. Foot reflexology, yoga pavilion ,sun loungers and garden pathways offer relaxing outdoor amenities . Common home gardening space helps cultivation of organic fruit and vegetable that boosts immunity. Gardening helps boredom and increases agility .

SFS Tranquil is blessed with sustainable solutions as we reinvent lifestyles to Covid 19 pandemic. All these provides an uplifting environment in one’s home with emphasis to  physical ,mental ,social and emotional well-being. Ideally, as the saying goes ‘Home is where the heart is’.

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