Month: January 2019



Home décor is what makes building a home. Here we have studied the 2019 interior design trends since the New Year to make the most of your space for a lifetime and beyond, we thought we’d share our finds with you for inspiration as we are all set for the year.

Read more and find out how you normal apartment or villa can be turned into an extravagant pleasing and a ravishing house in the confines of the space you already have.



Every year we see remarkable progress with uses of materials we use and guess who is making it to the news, it is none other than the renowned designer Patricia Urquiola who creates a collection of tables making use of tempered, feather light glass with irregular veins resounding those found in marble.

She comes up with mesmerizing series of oval-shaped tables laid with asymmetrical legs, which are vibrant and bewitching with the glass top’s vein pattern appearing to be fluid with a shift of perspectives, creating a sensual and lively option that tops our list of 2019 interior design trends and this definitely went beyond the expected.



How can we discuss about the trends of décor in 2019 without talking about the color of the year? Pink, blue, black, white? What could it be? Actually, none of it.

Coined Nightwatch green, this moodier alternative to hunter and bottle green paved its path towards the on-trend matte black and looks great with high-shine glosses and elements. It might not be good enough to turn the whole room to this color, but it would be appreciable to consider small yet impactful ways to bring the color in.



Adaptable abodes are one of the most practical and fascinating 2019 interior design trends to grab our attention, be it modern iterations on Murphy beds or movable walls and multi-purpose built-in’s.

Anyways, who would say no to a home packed with genius, conversation-starting design that has the ability to make the best out of even the least space with the practicality, great design, and ease?



With the environment suffering crisis after crisis every day after day, we have to take new chances on the production and décor that are pleasant to the eyes and at the same time leaving little to no impact on the planet and its resources.

Recycling and reusing can be well done the best in home décor as we can’t even imagine how the things that you thought were crap could transform. From leftover materials like marble being recomposed in smart ways to energy-saving devices and more, whatever you bring home from now on ought to follow suit of taking less and giving back to the planet as much as it can.



As urban cities are witnessing the incoming of more and more people from different places, space management is considered to be the most important aspect when it comes to housing. Hence, it totally makes sense for designers to finally catch on to the need for smart, multi-purpose furnishings that are tiny in scale.

Welcome those furnishings that can adapt to different spaces and can fit with ease into challenging rooms will definitely be a trend worth adapting that is bound to become one of the most popular 2019 interior design trends to make a splash.

If you have made up your mind to get yourself a new home or villa, make sure that you follow these home decor trends.

Everything to Know About the Accommodation Provided By an Employer

While it isn’t unprecedented for employers to give or provide accommodation that is free or at concessional lease, to their representatives, Income Tax laws collect taxes on such offices, contingent upon their valuation.

Because of the lack of available accommodation and so as to draw on the talent pool, numerous employers to give accommodation that is free or at concessional lease, to their workers. This is especially valid, if the companies are located in remote spots, where an individual is generally not willing to shift to, unless the proper accommodation is provided to him. The employer, once in a while gives the facility of a gardener, sweeper, and so on, at the accommodation given to the employees. These amenities given by an employer, are not tax-free in the hands of an employee. The tax laws have provisions for esteeming such facilities, which are named as ‘perquisites’ in income tax parlance. Let us now examine how this is done.

Taxable Facilities

It is fascinating to take note that these facilities, wind up taxable in the hands of the employees, not just when they are given to the workers, yet in addition, when such facilities are given to any of the members of the worker’s family. With the purpose of tax collection of provision of accommodation, the members of the family incorporates the life partner, kids and parents, just as life partners of the kids, workers and wards of the representative. In this way, any free convenience given to the parents of a worker, even at a place other than where the employee is working, will likewise turn into a perquisite and in this manner, wind up taxable. Accommodation for this purpose shall comprise, not only the residential house, but also a farm house, hotel, service apartment and guest houses.

Importantly, such services are taxable when they are provided to the employee not only directly by the employer, but also indirectly to him, due the reason of his employment. So, an accommodation provided to an employee of a company other than his employer, is also taxable in the hands of the employee.

For Central and State Government Employee

The tax laws provide different treatment to these facilities, depending on whether the employee is a government employee or not and also depending on whether he is a central government or state government employee. For government employees, the value of such a perquisite shall be the license fee as is already fixed for such accommodation by the state and central government respectively, if the accommodation is provided free to the employee. However, if any rent is recovered from the employee of the government, the taxable privilege shall be decreased to the extent of the rent recovered. The same shall apply, if the accommodation provided, is owned by the employer or is taken on rent from a third party.

For Non-Government Employees

The evaluation of the perquisite for accommodation that is given to an individual who is not a government employee would rely upon whether the accommodation is owned by the employer or is taken on rent. If the accommodation is taken on rent, the actual cost earned from the employer for such accommodation, subject to a maximum of 15 % of the salary as reduced by the rent, shall be treated as the value of the perquisite. However, if the accommodation is owned by the employer, the valuation of such perquisites will depend on the population of the place of accommodation.

Why should you invest in a guest house?

The more an employer takes care of their employee, the more the employer gain from it. Investing in a guest house id taxable, but paying taxes without actually staying is utter foolishness when you can accommodate your employees in them, you are in double gain. Providing accommodation, guest house, villas or apartments, to the employees helps employee gain the trust and loyalty. Hence, an employer or company should be investing in the guest house as it is definitely a win-win situation for the employer.


Is Status Quo Maintained by GST on Real Estate

Is Status Quo Maintained by GST on Real Estate

The government would announce a Goods and Services Tax (GST) rate cut, home purchasers would brighten up since costs would decrease barely and the market restores. Truly? The greatest paradox in Indian real estate is that numbers propose an enormous weight of unsold housing stock, amidst an endless lack of housing. For whatever length of time that prices do not reduce fundamentally, the housing shortage will just broaden, paying little mind to impose sops.

What we have today, is a country of hopeful home buyers, a large number of whom are resoundingly going back and forth, hanging tight for a huge number of minor policy windfalls, to in total make a home buy possible and alluring. Most urban communities saw a few deal development in 2018 however the market can’t resuscitate on reliably moderate development, it needs a decisive accelerator. Would a GST rate cut have been such an accelerator, or does the market require much more than that?

Surely, GST on under-development properties was an extreme obstacle in 2018 and the likelihood of a GST rate cut in late December, actually solidified property purchasing choices for some. Despite how much or how minimal such a rate slice will really do to restore the market, all stakeholder, from industry players to purchasers, sought after it eagerly. It bears recollecting that the humble development numbers in 2018, were fundamentally driven by offers of ready to-move-in properties, on the grounds that they are absolved from GST as well as on the grounds that perpetual venture delays have instructed purchasers to be careful about under-development ventures.

High GST rates remain a burden to commercial realty

While the real focal point of expectation for a GST rate change was on the residential sector, business real estate can’t be disregarded. Starting at now, GST on business real estate keeps on being demanded at 18 percent on the general rental esteem, without the builder getting any info credit benefits. Without input tax credit (ITC), engineers perpetually pass on the extra development cost to their tenant businesses, by method of expanded rentals, well beyond the charges that the last pays as GST on the rental esteem.

This spikes up the general rental expense for corporate renting spaces the nation over. Given that Indian commercial real estate kept the division’s development numbers ticking amid the drawn out droop, it was to a great extent foreseen that to support its development further, the administration would have given ITC benefits, alongside a conceivable rate cut. Be that as it may, back to private. Give us a chance to analyze the genuine investment funds that a conceivable GST rate cut would have inferred, for the individuals who settled on under-development private properties.

Lower GST effects the budget home buyers adversely

The mainstream suspicion was that a level GST rate cut would have helped the whole private segment. In any case, there was a high plausibility that it could convey a noteworthy misfortune to the reasonable housing sector. Indeed, lower GST rates minus ITC, could increase the prices of budget homes. As of now, affordable homes are taxed at eight percent of the total expense, including the indistinct advantage of ITC.

Demand versus sales

In 2018, there was a noticeable increment in site visits and purchasers effectively exploring for alternatives at the best deals. Negotiations were getting progressively intriguing and careful, as the gatherings bantered out the expenses and limits, to conclude at commonly satisfactory figures. An official conclusion on the GST rate and clearness, or the cancellation of the ITC, could have activated interest, however, would it truly have helped close exchanges? Along these lines, we may need to look past negligible assessment sops and think about whether they really make homes moderate and catalyze deals. Maybe, rather than searching for duty sops every time, we have to scrutinize the exact key of pricing in real estate.

How House Insurance Policy Works During Calamities

With regards to home insurance, there are different approaches accessible in the market. We inspect the contrasts between them, to assist proprietors with gauging the correct arrangement

Harm to properties because of cataclysmic events, is one of the gravest monetary mishaps that one may go over throughout everyday life. The massive floods in Kerala in the year 2018, caused harm worth some thousand crores to property and made countless destitute. While people can’t turn away regular disasters, one can surely ensure their homes against them and limit the misfortune or harm. Insurance is the main cover, on a great many people’s rundown. Be that as it may, not very many individuals take home insurance in India. Despite the fact that it is moderate, short of what one percent of individuals end up getting it.

Getting a thorough home insurance strategy will guarantee that a home purchaser can be shielded against monetary misfortunes, if any disaster, natural or man-made, happens. The strategy can cover a wide range of characteristic and man-made fiascos, including flood, seismic tremor, terrorist attacks and even theft. A thorough home insurance approach gives cover to the structure, just as the substance of a home, against unanticipated conditions, including natural disasters and henceforth, is suggested for home purchasers, to guarantee that they are not looked with a money related crunch.


Types of cover that house insurance policies give:

  • House insurance for the building: This approach gives home purchasers assurance for the structure of a home, which comprises of the structure itself, alongside perpetual installations and inherent things.
  • House insurance for substance: This strategy furnishes home purchasers with cover for the substance of their home, including furniture, adornments, electrical and versatile apparatuses.

Other than the fundamental assurance, a protection approach can likewise offer extra covers, for example, the typical cost for basic items in a leased settlement while your home is being fixed. In the event that the house is leased, the proprietor can seek shelter against the loss of lease, if a natural calamity renders it unfit for occupation. In any case, these spreads are for a restricted time of up to a couple of months after the debacle.

A house insurance covers the money related hazard to a property, caused because of quake, flood, fire, harms because of an inhabitant’s activities, etc. At the point when the proprietor acquires such money related misfortune because of harm to the safeguarded property, the safety net provider pays for the substitution cost, to the degree of harm, in the wake of changing the deductible according to its terms and conditions. For instance, in the event that, because of flame, the kitchen is harmed, the insurance agency will pay for the expense acquired in fixing the kitchen. Be that as it may, before you get the case sum, the insurance agency may request that you pay the deductible aggregate.


Which house insurance policy would it be advisable for you to purchase?

A landowner might be progressively worried about the structure of the property. Thus, he may jump at the chance to purchase house insurance that covers the danger of harm to the structure. Then again, an occupant might be increasingly worried about the possessions thus, may get a kick out of the chance to purchase insurance for the substance. A complete house insurance approach item, may give you the advantage of hazard cover for the substance, just as the structure. Be that as it may, before purchasing an insurance policy, the candidate should look at the rundown of incorporation and rejections, to make sense of what chance risks the insurance covers.


Protection for the under-development properties

While a house insurance gives protection to the developed property, imagine a scenario in which you have purchased an under-development property. For this situation, specialists propose that it is the obligation of the manufacturer, to get any measures followed and insurance policy taken, to cover the risk to an under-development property from natural disasters. In this way, before you purchase an under-development property on a home loan, check whether the developer has taken an undertaking protection cover.

All you have to know about QuickPay Home Loan of Axis Bank

QuickPay Home Loan of Axis Bank

Axis Bank has presented a home loan element called ‘QuickPay’, where the EMIs decrease step by step, as the interest descends. Here, we will have a look at the advantages and disadvantages of this item and whether it bodes well for borrowers to decide on it

A home loan ought to be reimbursed amid its tenure, by the method of equated regularly scheduled payments (EMIs). The measure of the EMI, as the name mentions, remains the same, as it used to, all through the tenure of the credit, except if there are conditions like changes in the interest rates, justifying an adjustment in the measure of EMI. Home loan provides have been attempting to innovate, with their contributions.  Axis Bank have come up with something called ‘QuickPay Home Loan’, where the measure of EMIs go down continuously, as the premium descends.

What is QuickPay Home Loan by Axis Bank?

This is only a turnaround of another well-known product called the ‘telescopic home loan’, which is given by different loan specialists, including HDFC Limited, where the amount of instalment progressively goes up. This product is helpful for the general population who are at the beginning stage of their vocations and consequently, their salary is likewise moderately low. A noteworthy number of youngsters have been purchasing their first homes, toward the start of their careers. The telescopic home loan considers the potential for increment in the salary of the borrower and subsequently, encourages the borrower to get a higher sum as home credit and that as well, for a more drawn out tenure of 30 years.

The QuickPay Home Loan of Axis Bank is only the turnaround of the telescopic home loan product, where the measure of instalment goes down bit by bit. This can just occur with moderately higher instalment at the initial stage, when contrasted with conventional home loan products.


Should property buyers pick Axis Bank QuickPay Home Loan among the others?

The primary selling point for the QuickPay Home Loan, is that the general intrigue cost descends essentially. This is a fantasy, as the borrower pays the interest for the period for which he utilizes the cash.

Along these lines, logically speaking, this item does not lessen your interest cost, with respect to the utilization of the cash by the borrower. Thus, an ordinary home loan might be better, for different reasons.

Right off the bat, a larger part of home loan borrowers go use up the majority of their funds, to make the initial installment for the property. Purchasers may likewise need to get from companions and relatives, to support the edge cash, which must be paid at the same time, while adjusting the home advance. In addition to this, the home purchaser needs to spend for the fundamental tounches in the house. Under these conditions, it may not be plausible for a normal home purchaser, particularly those toward the start of their professions, to benefit the higher measure of home loan installments.

The QuickPay Home Loan is accessible under the gliding home loan rate routine, where the banks and housing finance organizations, can’t charge any prepayment penalty. All in all, when one can prepay his customary home loan, as and when he has surplus cash accessible with him, without causing any extra cost, for what reason would it be advisable for one to focus on higher home loan installments, with the accompanying danger of default in overhauling it?

One can, at any time, get the overall interest cost decreased, by prepaying some portion of the home credit at ordinary interims, contingent upon accessibility of surplus assets. With ordinary home loans, you additionally have the adaptability to design your prepayment, to augment your tax reductions, under Section 80C concerning the essential prepayment, just as interest benefits, under Section 24b of the Income Tax Act. Moreover, the financing cost for the QuickPay product is somewhat higher than that for a normal home loan. Henceforth, pondering over the points explained, it is up to you to choose QuickPay by Axis Bank regardless of whether he is toward the start of his profession or amidst his vocation or buying a villa or an apartment.

What Indian Real Estate Business Expect in 2019

Validation of the GST routine and less demanding fund for the real estate sector, are some of the measures that the clique is seeking after this new year, to make it less demanding for home purchasers to get their dream, own home.

The Indian real estate sector has seen an ocean change, in the course of the most recent few years. In any case, notwithstanding the progressions in development, the utilization of top of the line innovation, the advent of smart homes and adaptable flat configurations being made accessible as indicated by the advancing business sector, the industry is experiencing a respite. Real estate experts keep up that with all the significant approaches having been executed over the most recent five years, 2019 could be the year that the property advertises ricochets back. By the by, they include that few niggling issues additionally should be tended to, with the goal that every one of the partners in the segment can receive the rewards of a brilliant first quarter in 2019.

Real estate and GST

Reexamining the rates of the Goods and Services Tax (GST) on different segments associated with the land business, could encourage both, customers and developers.

The network of developers is optimistic that with the GST Council meeting in progress, if the GST on cement could be brought from 28 percent down to 18 percent or lower, it will be a distinct advantage. GST is additionally a major obstacle for purchasers. As per reports, the main thing hampering the interest for lodging in the market, is the GST of 12.5 percent. This must be generously decreased by the government, as it will help in boosting the interest for lodging and the general GDP of the nation.

GST with stamp duty and registration

Property purchasers ought to pay 12.5 percent GST on under-development ventures, five percent stamp obligation and registration charges.

The managing director of Transcon Developers, Aditya Kedia, explains,”In this way, when we talk about land being unreasonably expensive, in all actuality 20 percent of the expense is spent in assessment parts, stamp duty and enlistment, which is an obstacle. We are trusting that the stamp obligation and enrollment are converged into the GST. This will make properties less expensive for the client and benefit the purchasers”.

Enhancing finance  

The prevailing budgetary turmoil, opposite NBFCs (non-banking financial companies) and HFCs (housing finance companies) is likely to play out in the year 2019. Calling out your attention to the subsequent impact on liquidity accessible to the engineers, will decide the pace of new activities and dispatches. The money related disorder may likewise provoke developers to exchange existing stock forcefully, to dodge coercion. In any case, insofar as home loans are effortlessly accessible and at moderate rates, great opportunities will be accessible for consumers.

Factors that could affect the real estate market in 2019

  • The general election in 2019, could be a major defining moment in how the real estate market will carry on and advance.
  • The real estate industry is relied upon to see a proceeding with procedure of clean-up in 2019, with advancing regulations on subsidizing and the further advancement and execution of the Real Estate Regulation and Development Act (RERA).