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Showing posts with the label advice on apartment association

The Hindu Magazine Article about Nimmadhi

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Nimmadhi - Greetings of the year 2017!

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Dear Client, Greetings for 2017!! As the end of the year approaches, Nimmadhi Properties would like to thank our customers for giving us a wonderful opportunity to serve you. It is our desire to keep you satisfied with our services. Thanks a lot for believing in us. We cannot achieve this success without you as our customers. Your satisfaction is our concern and we promise in the coming year, we would certainly make you feel proud of our services. Thank you for your continued support and for the confidence that you have placed in us. We work as one team with a common purpose to provide best-in-class service to our customers. Our philosophy has always centered on our belief that customers should be treated in a fair and balanced manner. Thus, we endeavor to make everything we do – from the way we conduct our business and interact with customers. As we continue to build a stronger bond together, we fully recognize that your support and the continued trust that you place in us is the fou…

Nimmadhi Discount Offer - Nimmadhi Platinum Plan

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Nimmadhi - Tenant Review

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How to save Tax from Home Loan

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As the financial year draws to a close, a lot of people feel stressed due to the final tax assessment for the year. It needs to be noted on this point that owning a home is not only a dream realization, but home loans are also wonderful tax saving instruments. Individuals having home loans are eligible for tax deductions on both the principal amount as well as on the interest paid for it. Let us take a simplistic look at the various tax deduction options one can avail while servicing a home loan.

Tax benefit on Principal Amount of Home Loan: The principal amount paid on any home loan can be availed as tax benefits with a maximum deduction of Rs 1,00,000 under section 80C of the Income Tax Act. However, it needs to be noted that the deduction is not available for any principal amount paid on home loan for an under construction property. The maximum deduction allowed under Section 80C of the Income Tax Act is Rs 1, 00,000. Tax Benefit on Home Loan Interest: The amount paid as interest to…

Ways to form an apartment owner’s association

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An Apartment Owners Association (AOA) is an authority that protects the rights of the apartment owners, maintains the amenities in the apartment and works for the welfare of the residents of the apartments by conducting events or awareness programs.
Apartment associations in India are formed by a voluntary association of the owners of a particular apartment in India.
In almost every case the goal of the Apartment association is not to make a profit but merely to take the best care of the residents of the apartment and prevent them from suffering from discomfort.
Therefore, you will commonly find Apartment Owners Associations (AOA) performing tasks like ensuring running water supply, providing power back-up facilities, preventing disputes between the apartment residents and having cultural activities and fests to foster good neighborly relations.



Does the Association have to be registered?
It is not necessary for the association to be registered but having the association registered wi…