EMINENCE- A realm of Pure Opulence

Opulence has its own magic that has ruled the minds and hearts of millions of people all this while. However, when it comes to opulence in lifestyle and living in the current scenario, the quality of life is all that it speaks of!

EMINENCE by Naiknavare Developers is one such host of opulence in Pune located in Viman Nagar.

By the name itself, these residences at Eminence define the status of being high ground!

Wondering what is new in there?

Here is what you can experience at EMINENCE by Naiknavare Developers:

• Eminence is all about the extraordinary! (Yes, you need to be unlike the commons to be residing here at Eminence! Of course, residing here itself will make you extraordinary!)
• The feeling of residing in a realm of exclusive designs and innovative creations (because innovation and creativity is not something you get in every home!)
• Exploring the expansive spaces beside the exceptional opulence (it’s all about having room for all your belongings and activities)
• Eminence, as the name suggests, are prestigious residential spaces in Viman Nagar (prestige has its own taste of luxury)
• The views that capture the richness of Pune’s peripheral mountainous heritage.
• Enjoy the unmatched experience of the natural outdoors to 47 absolute and exclusive dwellings (yes! They are only 47 in number!)
• Every inch of designed architecture gives you an unchartered experience to relish an ambitious design statement of the space (designs can be many but only few grab your attention!)
• The distinguished packing of the hexagonal apartment with back and forth sliding floors
• Maximum light, space, views and utility at the same time.
• Well! If that sounds a little different, here is what unique sounds like! - The grand sky-walk entries into every dwelling being one among the many unique elements of EMINENCE

So, when are you becoming the Extraordinary? 

How to claim tax exemption on Loan Principal and Interest?

We all plan to purchase properties when we are financially sound to pay the home loan EMI. However, not many of us are aware of the tax benefits that we can claim out of the home loan that we apply for while we buy a property. In our previous posts we have discussed about how you can claim HRA and tax benefits if you have a home loan for the property you have just purchased.

Naiknavare Developers

Today we are going to understand how you can claim tax exemption on loan principal and interest.

When it comes to tax breaks on the applied home loan, you are eligible to claim tax benefits only for the principal of the loan amount before the completion of your house. On the completion of your house, you are then eligible to claim tax benefits on the total interest paid till the date of completion of the house. In case where the house is let out, the entire interest paid on home loan can be deducted.

Tax Exemption on Loan Principal and Interest

The interest that is paid on a home loan is not deducted directly from the salary income for home loan. The calculation of income from house property is done for each house that the individual owns. A self employed person is eligible to avail tax benefit for the rent that he pays for his residence and can claim the deduction under section 80GG of Income Tax Act. Here, no HRA exemption is available in case of a self employed individual.

A tax payer can avail the following tax benefits on home loans:

1. If you have applied for a home loan and you want to repay the principal amount on home loan, then the principal amount will be deducted from gross total income. In case the house is let out, the deduction for the entire interest paid on home loan is available.
2. Tax benefit on interest payment. 
3. Additionally, interest paid on home loan during the pre-construction period, i.e., period prior to the financial year in which house is purchased or constructed can also be claimed as deduction. 

We shall discuss about how you can claim both, the HRA and the home loan tax benefits together in our upcoming post. Till then stay tuned!

Read More:

1. HRA and Tax Benefits from Home Loans?
2. Confused how home loans can get you Tax benefits?
3. Homes that are well connected!

Weather in Pune

The eight largest Indian metropolis, is also indeed a major city located in Maharashtra that is well known for to true Marathi culture. The city is surrounded by hills on most sides, thereby making it a lucrative trekking destination for youths from not just Pune, but also from nearby cities like Mumbai and Nashik. The climate here mostly experiences a tropical wet and dry climate. On an average, you can expect temperature in the range of 20 to 28 degree Celsius. Like most parts of the country, the city witnesses three major seasons namely – summer, winter and Monsoon.

Naiknavare Developers - Silent Orchards

Pune being regarded as the cultural capital of Maharashtra, you can expect the best of Maharashtrian dishes that is indeed a treat for your taste buds. Apart from food, the city is also known to hold an expertise in fine arts and has educational institutions that cover globally recognized courses. Students from India, Middle East, Africa and many more places visit to Pune for further education. The summer season is experienced mostly during the months between March to May, with April being the hottest month. During summers, the temperatures vary in the range of 30 to 38 degree Celsius. Monsoon in Pune sets in the months between June to October, with July being the month witnessing the heaviest rainfall. During monsoon, the temperature drops down e

ven to 10 degree Celsius with the highest reaching to 28 degree Celsius. Winter here begins from November and continues until January/February. During monsoon, the temperature varies in the range of 5 degree Celsius to 10 degree Celsius.

Naiknavare has been a well known property developer in the region that has delivered a variety of property options ranging from 1 BHK and 2-3 BHK apartment in some of best places in Pune. The group caters to people across different strata of society and has something for everyone. Moreover, most of the projects undertaken by Naiknavare Group give you an opportunity to experience nature at its best while still being well connected to other major cities and places of interest. 

Mystique Moods – 2 and 3 BHK Apartments at Viman Nagar, Pune

Naiknavare Developers have been renowned real estate pioneers for properties in Pune. The company considers itself as a service industry, wherein their service is to design and deliver better living. As far as properties in Pune is concerned, Naiknavare Developers comes with a vision for creation of hotels, homes, schools, commercial spaces and business centres that are capable of withstanding the test of time with its impeccable quality. The company has been in business since way back in 1986 when it first undertook project in Tulshibagwale Colony, located in Pune’s Parvati area.

Looking for apartments in Viman nagar? Look no futher, Naiknavare Developer's Mystique Moods project in Viman Nagar offers a chance to live life the grand way and reflect a better lifestyle with a style quotient. Most often people searching for properties in Pune or looking for apartments in Viman Nagar often stumble across this trendy Mystique Moods project. Beginning with the architecture, Mystique Moods has received cleanly designed, is functional and the driveway has been made wide enough to ensure smooth traffic movement. Unlike other apartments in Viman nagar, Mystique Moods from Naiknavare Developers has made better use of space owing to exclusive use of Alu-form technology that avoids protruding columns and beams, and ensures clean straight lines. Moreover, unlike other properties in Pune investors have an option to opt between two spacious bedroom apartments or go for large 3 bedroom condominiums.

Pune as a vital city of Maharashtra, is known for its contribution in automobile, education and IT sector, this has indeed attracted youths and professionals from across the globe. Moreover, due to its close proximity of Mumbai City, properties in Pune are also most sought after. Call it Pune, Poona or Punyanagari, the city has lot to offer and explore, thereby making investment in properties in pune furthermore viable and logical in the long run. The city of Pune geographically situated in western part of Maharashtra is also considered as a cultural capital of Mahashtra. Moreover, the Pune city is considered to be seventh largest metropolis in India and the second largest city in the state of Maharashtra. 

Speaking more on the amenities in Mystique Moods in comparison to other apartments in Viman nagar, the project gets a fun filled club house, Swimming pool, 2 automatic lifts per building, Sewage treatment plant, rain water harvesting, water softening plant, Reticulated Gas System, Children's play area with play equipments, and ample residential and visitors parking. Looking for apartments in Viman nagar or properties in Pune, look no further as Naiknavare Developers project, Mystique Moods has been designed to cater to every need.

A Classy and Delightful Haven with Comfort and Convenience

Luxury Pune properties have been getting a lot of exposure, mainly because it is a much more vibrant segment in this city than in Mumbai. With times, the city has witnessed too many luxury projects comprising of 3 and 4 bhk flats in Pune along with the best of lifestyle features and interior specifications. 

However, the fact is that these luxurious Pune properties gets the best buy by the NRI’s and HNI’s, who aim at purchasing such homes for personal living. This steady demand for high end homes is only due to more and more high-paying jobs created every year. At the same time, more and more NRIs from Pune who have completed their high-paying tenures abroad are returning every year. This is why developers continue to see sense in launching premium and lavish residences along with high end lifestyle amenities. 

Welcome to the Spires: Exquisite 4 BHK Flats in Aundh for the Elite Class

With a higher demand for luxurious 3 or 4 bhk flats in Pune from self-use buyers, The Spires offers the connoisseur’s delight at Aundh. Spread across 18 storey Twin Towers, it offers exquisite 4 and 4.5 bhk residential apartments & penthouses. A unique endeavour by Naiknavare Developers Pvt. Ltd, a renowned real estate brand in Pune, this Pune property host fine living amenities like landscaped garden, double-height air conditioned Sky Lounge with ample parking spaces. 

Aundh ensures easy connectivity to daily needs from shops to hospitals to schools & entertainment hangouts making these 4 bhk flats in Pune a classy and delightful haven with comfort and convenience.

The Rising Interest of NRIs in Properties in Pune

NRI’s are always on the lookout for real estate investments that offer assured and stable returns on investment. With around 210 software companies in Pune and rising demand of residential apartments, NRI investment in Pune real estate market is growing. Most NRI’s prefer to invest in residential apartments that can earn them handsome rental returns and will also appreciate in value when put for resale.

NRI’s majorly are inclined to invest in luxury homes as well as high end residences in metro cities. NRI investment in real estate has seen a considerable rise in under construction residential projects nearing completion as there are certain benefits associated with that. Non-resident Indian property investors who are focused on good rental income are always on the look-out for projects in areas with sustainable demand from potential tenants.

With regards to residential property, such investors prefer to invest in the projects developed by reputed builders. Easy home loan availability by financial institutions in India, NRI remittances and repatriation procedures has also provided a boost to NRI investment in the real estate segment. NRIs prefer to invest in real estate than any other form of investment largely due to high return on investments.

To mention about the challenges NRI face for investing in real estate, they are not familiar with the locations that work best in favour of residential property investment and also with some legal procedures.  Hence NRI’s ask their relatives or close associates in Pune to co-ordinate with reputed developers and also enquire about brokerages. It is not lost upon the property investors that expecting substantial short-term gains on their investments is unrealistic. 

Such investors are not looking for instant gratification or handsome benefits on investment in a short span of time. They are serious long term investors. Amongst most of the trusted developers in Pune, Naiknavare Developers Pvt. Ltd offers some very good property options for NRI’s to invest in. With experience spanning almost 3 decades and projects in Pune, Navi Mumbai & Goa, Naiknavare Developers Pvt. Ltd is a reliable choice for NRI investors.