- Smile homes
- Contact us
- Home Loan Guide
Being a pioneer in the compact housing segment in Kerala, the Confident Group offers affordable homes under the 'Smile Homes' initiative. Located across major cities like Trivandrum, Kochi, Thrissur, Kottayam, and Calicut, these budget-friendly apartment projects are aimed to address the housing needs of the common man. Apart from having a low price range starting from 29.75 Lakhs, Smile Homes also features certain unique factors which makes them a perfect investment option in Kerala.
20 reasons why it is worth investing in Smile Homes:
Any new customer who purchases a flat under the affordable housing scheme can avail of the following tax advantages.
Interest paid to the bank on housing loan up to 2 lakhs is allowed as deduction already. A further 1.5 lakhs is allowed in the current budget (for loan up to 45 lakhs). So, the total deduction on housing loan interest would be Rs 3.5 lakhs (2 lakh under section 24 & 1.5 lakh under section 80EEA).
The owner will get a deduction for principal repayment under section 80C for a maximum of Rs 1.5 lakhs. This is an effective tax deduction for paying back your own loan.
Hence a total tax deduction of 2+1.5+1.5 = 5 lakhs can be availed.
If we consider a person paying tax at the highest tax bracket, it gives a total tax reduction of 5* 30.9% = ₹ 154500.
The home loan is taken from approved financial institutions between 1st April 2019 and 31st March 2020
The stamp value of the house is less than Rs 45 Lakhs
The buyer should not have any other house in his name at the time of loan sanction
All projects under the ‘Smile Homes’ initiative comprises of 2 BHK units with attached bath. While ensuring the lowest price and maintenance charges, these homes also feature all necessary lifestyle amenities to provide a wholesome lifestyle for the residents. Confident Group has associated with leading banks to provide attractive interest rates for home loans. So, if you are planning to buy your first home or make a new investment, look no further, book a Smile Home today to enjoy great returns in the future!
To know more about Smile Homes, click on the link or post an inquiry here.
Get the best out of these turbulent times with the right investments. With the revised interest rates and 50,000 rupees discount on Confident homes your investments are bound to prosper.
Thank you for visiting our website. We would like to take this opportunity to keep you up-to-date with the changes currently being deployed in accordance with the rules and regulations stipulated by RERA – Real Estate Regulatory Authority.
This process may take time, and it’s duly advised not to take any information currently mentioned on the website like images, material, stock photography, projections, details, descriptions, etc. to make a final purchase decision. All information should be deemed to be or considered only as advertisements, solicitations, marketing, offer for sale, an invitation to offer, an invitation to acquire, including within the purview of RERA.
You are therefore requested to personally verify all the details and aspects of any booking/acquisition of units/premises, directly with our sales department. To reiterate, please do not rely on the information contained on this website to make a final purchase decision until all the revisions and updated are completed.
Also, please note that we’ll not be accepting any bookings or allotments based on the material, images and descriptions mentioned on the website. We request you to contact our sales department for expert advice and information on the same.
Thank you for your patience.