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K. A. Mohamed Saleem one of the founding visionaries behind formation of ASSET HOMES and has been serving as Managing Director since its inception in the end of 2006. He has a management track record spanning 26 years and looks after the important portfolios of the company such as Sales, Marketing, Customer service and Finance.
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- Our Office
Corporate Office
G-129,28/34 A,
Panampilly Nagar,
Kochi-36
Tel: 0484 6456474
Golf Links Road,
Kowdiar, Trivandrum-695003
Call:
M:+91- 98464 99999
M:+91- 97452 00250
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- Sister concerns
Relationships, life revolves around them. Be it between human and human, human and environment, human and technology or between anything for that matter. Its relationships which make the world go around. A perfect balance is critical in every relationship, where each party treats the other with respect is transparent and is committed to nurture the relationship to form an everlasting bond. It is perhaps the biggest asset one can have. And it is not measurable. Asset Homes is built on this very essence of meaningful relationships between us and our customers, trade partners and employees. And with everything we deal with.
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- Asset Care
- Asset Care
Being the most customer centric organization, we have formed a new organization – ASSET CARE. Asset Care will function to take care of all your needs from interior designing, property management, maintenance to renting out of the apartments at the request of the customers.
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- Buyers Guide
Home Buying Process Home Buying Tips NRI Guide RI Guide • General Guidelines • Home Loans • Investments • Tax Benefit • Home Loans - |
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EMI Calculator Area Convertor - |
- Glossary
Equal Monthly Installment (EMI):
Loan repayments are usually in Equal Monthly Installments over the tenure of the loan. Some banks also offer a Variable Installment Scheme were in repayments are higher in the beginning of the loan period. This is beneficial for those individuals who are trying to maximise their tax breaks in the initial years and expect future tax breaks to fall (we believe that the opposite is more likely!) - |
- Faq
Do non–resident Indian nationals require permission of the Reserve Bank to acquire residential/Commercial property in India?
No permission is required by non-resident Indian nationals to acquire immovable property in India.
Relationships, life revolves around them. Be it between human and human, human and environment, human and technology or between anything for that matter. Its relationships which make the world go around. A perfect balance is critical in every relationship, where each party treats the other with respect is transparent and is committed to nurture the relationship to form an everlasting bond. It is perhaps the biggest asset one can have. And it is not measurable. Asset Homes is built on this very essence of meaningful relationships between us and our customers, trade partners and employees. And with everything we deal with.
- Asset Care
- News Update
- Print Media
The Hindu, 2010 October 8
Asset Signature-First Completed CRISIL 7 STAR RATED Project
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- News Letter
India’s first international container trans-shipment terminal (ICTT) in the Special Economic Zone at nearby Vallarpadam Island,Kochi designed to handle the largest container ships,will be opened by Prime Minister Manmohan Singh on Friday with a token inaugural call by a vessel that’s small by industry standards. The country's first global hub terminal, the ICTT is in strategic proximity to international sea routes.
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News about Asset Homes is divided into periods between the years 2006- '11
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THEVARA , KOCHI
TRIPUNITHURA
TRIPUNITHURA
ALUVA
KAZHAKOOTAM , TRIVANDRUM
KADAVANTHRA , KOCHI
KANJIKUZHY, KOTTAYAM
ALUVA
CHERANELLOOR, KOCHI
PAYYAMBALAM, KANNUR
PAYYAMBALAM, KANNUR
KAKKANAD , KOCHI
PANAMPILLY NAGAR , KOCHI
KAKKANAD , KOCHI
NEAR MAHARAJAS COLLEGE, KOCHI
KAZHAKOOTAM , TRIVANDRUM
EDAPPALLY , KOCHI
PALARIVATTOM , KOCHI
MARADU , KOCHI
EDAPPALLY , KOCHI
KALOOR , KOCHI
EROOR , KOCHI
KURAVANKONAM , TRIVANDRUM
TRIPUNITHURA
EDAPPALLY , KOCHI
MARADU , KOCHI
IRIMPANAM , KOCHI
KAKKANAD , KOCHI
KAKKANAD , KOCHI
KAKKANAD , KOCHI
ALUVA
KAKKANAD , KOCHI
TRIPUNITHURA
EDAPPALLY , KOCHI
KALAMASSERY , KOCHI
KAKKANAD , KOCHI
Tax Incentives on Buying Homes
Yes, such a thing exists when you buy a home. The tax laws allow incentive to encourage people to buy homes. So make full use of them.
Incentive 1: Interest on housing loans are exempted upto a ceiling of Rs. 1,50,000 (sec 24)
Incentive 2: A Deduction of Rs. 1 Lakh from taxable income is available for home loan principle re-payment.
Incentive 3: Exemption from Capital Gains (sec 54f): Capital gains resulting from the transfer of any capital assest not being a residential house, will be exempt of the net consideration is used to purchase a residential house within a period of 1 year before or 2 years after the date of transfer or construct a residential house within 3 years after the date of transfer.
Tax Incentives – Make your Home Loan cheaper than you think
How can working professionals plan thir home loan to maximise their interest and tax savings?
From the point of view of economics, the ideal loan investor should avail of is Rs.20 lakh. The rate of interest on this amount would be just about 4.28% per annum only.
Let us presume that a senior executive receiving a salary of Rs.5 lakh per annum is interested in a loan of Rs.20 lakh. The rate of interest charged on this loan is 7.5% per annum. Thus the total interest payable for one year on Rs.20lakh comes to only Rs.1, 50,000. The maximum amount of interest that will be allowed as a deduction while computing the income of the individual from all sources taken together is restricted to a maximum sum of Rs.1,50,000/- per annum.
Thus, the entire interest payment of say Rs.1, 50,000/- would be allowed as a deduction to this executive from his salary income of Rs. 5 lakh. This implies that the executive would be saving income tax on Rs.1, 50,000/- being the interest payment. The tax saving would be at the rate of 33% being the maximum marginal rate of income tax applicable to him
Thus, the saving on account of deduction of interest from the total income for salaried executive comes to 49,500. Hence, we find that from the total interest payment of Rs.1, 50,000/- payable by the executive on loan of Rs. 20 lakh @ 7.5 % interest has actually been paid by the income tax department by granting him full deduction in respect of such interest payment on loan. There by the net outgo of interest on the loan comes to Rs.1, 00,500/- (Rs.1, 50,000 – Rs.49, 500). Thus the net impact of interest on the executive’s loan of Rs.20 lakh comes to Rs.1, 00,500/-. This in fact, is just 5.02% rate of interest per annum. If we go a step further and take into consideration the impact of tax saving as a result of the deduction from taxable income on account of home loan principal repayment. We find that the said executive is able to save income tax to the tune of Rs. 30,000/-. Hence from the above amount of Rs 1,00,500/- if we deduct Rs.30,000/- the net impact comes to a mere Rs 70,500 - Rs.1,50,000 interest Rs.49,500/- tax saving on interest payment Rs.30,000/- cash flow saving as a result of principal repayment.
Thus, on a total loan of Rs.20 lakh, the net impact of out flow after tax comes to Rs.70, 500/- which means effective interest rate of merely 3.525% in respect of a Rs. 20 lakh loan.
