Budget 2010-11 and Service Tax On Purchase of Under Construction Property The budget 2010-11 brought rude shocking and a lot of confusion to prospective home buyers. But don't get too shocked, you won't pay service tax on the entire amount. The budget has suggested 10 per cent service tax on construction. For the past one month, many city builders have been asking purchasers to start paying up the service tax. Buyers are shock and say they were not informed of the additional levy when they had booked the flats. As per the budget, the service tax will be charged on only those residential projects which are still under construction.

Water is the most important material for living organisms. It is the most abundant compound found in all organisms. The country has gone green and everyone is adopting their best on helping the environment. In cities like Bangalore, Mumbai, Pune, Chennai and Hyderabad, demand for water is increasing day-by-day and it has become challenging to meet rising demand. Following is checklist for apartment complex for water conservation.

Home Loan is a buzz word for property buyers, real estate experts and investors. Before you apply for home loan you need to conduct some market research and choose lending company that offers best deal for buying your dream home or property. If the dream property is out of your budget now, consider a smaller property in the same area or moving into a cheaper locality. Once you have an idea about your eligibility and you selected the property next step is to apply for the home loan. Demystify and Understanding Home Loan Sanctioning and Disbursement Process.

Apartment owners and its residents need to be aware of managing water and techniques to bring down consumption of water. The proper way to manage water and solve water woes in apartment are reducing water consumption, recycling water and reuse recycled water. Greywater system is one of the solutions for water woes of an apartment. Recycled Greywater can be used to clean floors, toilet flushing and watering garden. Procedure for installing greywater system.

Home Loan plays a vital role for buying a property or apartment. Today process of applying for Home Loan is simple and getting a Home Loan is easy compare to decade ago. Today as an investor or a home buyer, you assume that you should take a Home Loan for investing or buying your dream home. But, do you really evaluate your need, income and affordability before applying for it? Here are some factors that you should consider while deciding your need for a home loan.

Managing Committee of an apartment complex maintains common areas, amenities and attends complaints from apartment owners or residents of apartment complex. The Management committee is typically composed of a President, a Vice President, a Secretary, a Treasurer (together known as the Executive Committee) and 8 other members. Management Committee represents apartment owners association before all official and non-official bodies concerning building and other member's rights and interests.

Today property is one of the secured investments where you will get profit or good deal on your investment in short period. Increasing demand for property, cut down in interest rate and easy registration process has attracted more property buyers to invest on their dream home. Checklist for taking possession helps you to ensure that the property or apartment are build according to plan and there are no cracks or major repair works required after taking possession of your new flat.

Eco-friendly homes are a latest trend emerging in real estate business. Builders and developers are concentrating in constructing Eco-friendly homes or building. In India, the demand for houses, apartments, shopping malls, commercial complexes etc. are on the rise. The demand for Eco-friendly homes or apartments is rising in major cities such as Bangalore, Chennai, Delhi-NCR, Mumbai and Hyderabad. Eco-friendly homes or apartments not only reduce carbon footprints but also brings down maintenance cost and utility bills. Thus eco-friendly homes or apartments are not only environment friendly but also saves your money.

Bruhat Bangalore Mahanagara Palike (BBMP) started collecting property tax for the new financial year 2010-11. You can pay your property tax either in full payment or in two equal installments. The property tax amounting less than Rs. 1,000 can be paid in cash while the amount exceeding Rs. 1,000 has to be paid via Cheque or Demand Draft drawn in the favor of the Commissioner, Bruhat Bangalore Mahanagara Palike. You can call BBMP helpline numbers in case of any problems with regard to the payment or receipt generation.

As per the budget proposal for 2010-11, the finance ministry has suggested service tax on construction and sale of property. Service Tax is a tax levied on service providers in India. The objective behind levying service tax is to reduce the degree of intensity of taxation on manufacturing and trade without forcing the government to compromise on the revenue needs. As per the budget proposal, the finance ministry has suggested 10 per cent service tax on construction and sale of property.There is a false impression being created that prices will go up by 10 per cent but the fact is that 10 per cent service tax is levied only on 33 per cent of the value.

Hyderabad is the most populous city of the South Indian state of Andhra Pradesh. The city is regarded as a blend of traditionality with modernity.The city is administered by a nagar nigam called Greater Hyderabad Municipal Corporation (GHMC). The apartment owners in India can voluntarily form an apartment owners association for the maintenance of apartment and its amenities. The association may or may not be registered. The registered association can enjoy all the legal benefits

Sewage treatment plant (STP) plays vital role in the process of removing the contaminants from sewage to produce liquid and solid (sludge) suitable for discharge to the environment or for reuse. We know that 75% of the world's fresh water resources are contaminated, the remaining is fast disappearing. Waste water is produced from toilets, baths, showers, kitchens, sinks, and so forth that are disposed of via sewers. Details and guide for setting up Sewage Treatment Plant in Apartment Complex for Wastewater Treatment. Read More...

The apartment owners association plays vital role in maintaining apartment and its amenities. But before the formation of apartment owners association, it is duty of builder to maintain the apartment and its amenities. Most developers provide a corpus fund for maintenance of apartment and its amenities. The builder collects maintenance fund from each buyer which will not be shown in basic sales price of an apartment. The maintenance fund collected from each apartment owners is deposited as corpus fund. Understanding the process of Handover from builder and Corpus fund for Apartment maintenance after the handover.

While renting your property, you need to ensure that your tenants are qualified for handling or residing in your property. Screening tenants helps you to get qualified tenants and you will get an opportunity to know your tenants better before signing lease or rental agreement. Today renting a property is one of the important sources of income for landlords. Instead of keeping your property or apartment vacant, you can rent out. Before you select your tenant you need to screen tenants and check their background to avoid future disputes.

Home loan is one of the important sources of finance for your dream home or apartment. Every housing finance companies or banks have customized repayment options to suit every individual's requirement and repaying capacity with some tax benefits. You need to choose a repayment option that suits you best. Today financing companies and banks compete each other with special repayment options. The scheme differs depending or considering your monthly income, Job stability, your age, other debts and financial commitments. When choosing a repayment option you need to ensure that your home loan is affordable for you and you are comfortable to repay them. Here are some repayment options for you to repay your home loan.

National Building code is a document containing standardized requirement for the design & construction of most types of building in the country. Although codes may sometimes seem fussy, they are the result of years of experience and testing. Building codes exist to protect the public's health, safety and welfare. National Building Codes (NBC) regulate building construction & building use in order to protect the health, safety & welfare of the occupant. You must always take the correct precautionary measures to assure the safety of your family members.

Almost every country is in a festive mood with Christmas and New Year just round the corner. There are events almost on all days between Christmas and New Year that keep the people enthralled and in the mood. The celebrations continue throughout the week making the entire country glitter in lights and magic. For organizing a New Year party in your apartment, you need permission from concerned officials and department in your state or in neighborhood. Following are some of important permission required for organizing a party.

Service Tax is a tax levied on service providers in India. All service providers in India, except those in the state of Jammu and Kashmir, are required to pay Service Tax. The objective behind levying service tax is to reduce the degree of intensity of taxation on manufacturing and trade without forcing the government to compromise on the revenue needs. On February 24, 2009 in order to give relief to the industry reeling under the impact of economic recession, the rate of Service Tax was reduced from 12 per cent to 10 per cent. Procedure to get refund of service tax on purchase of your apartment

The builder required to have approval or sanctions from concerned authority for the construction of building. The building constructed without sanctions or deviated more than 5 per cent from approved plan levies penalty and authorities has right to demolish the building without any prior notice. Following include the list of approvals or sanctions required for builder for any construction activity.

You need to have clear idea on type of apartment, your budget and location of apartment before you select an apartment for you. When looking for apartment for rent or buying, you need to visit as many apartments as possible. You need not make decision in hurry and it is always recommended to take someone with you who can help you in making good decision. Following are List of things to consider before Buying or Renting an Apartment.