Why Smile Homes?

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:

  1. It’s a cost-effective product
  2. The best option for first time home buyers
  3. Compact products
  4. Zero wastage of area
  5. Homes with very good ventilation
  6. Most required amenities only
  7. Branded CP, sanitary and other fixers
  8. For first home buyers the actual interest rate after credit-linked subsidy will be 7.25 %
  9. The price tag of 29.75 lakhs - 37 lakhs excluding registration
  10. High Value for Money
  11. No Hidden Charges
  12. 10% down payment
  13. Affordable Pre-EMI and EMI
  14. Subsidy of 2.67 lakhs for first time home buyers under PMAY Scheme
  15. GST 1% only, which is included in the price
  16. Additional tax benefits of 1.5 lakhs for Smile Homes
  17. Investments with high appreciation
  18. Easy to rent out with good monthly income
  19. Locations with close proximity to all daily necessities
  20. 100 Mbps Hi-Tech Wifi connection - extra benefits for IT Professionals
 

Additional Benefits 

Any new customer who purchases a flat under the affordable housing scheme can avail of the following tax advantages.

 
  1. 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).

  2. 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.

Conditions Applicable

  • 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.

ABOUT THE AUTHOR

As the most trusted real estate brand in the nation, we at Confident Group strive to create a positive, smooth and transparent medium for potential home buyers with anything and everything related to home purchase. We provide informative and engaging articles which cover useful details across many verticals from the real estate sector. Our 2-decade long expertise in building infrastructure projects across Kerala and abroad backed by the trust of over 10,000 customers earned us the reputation of being the best as a real estate brand in Asia. We hope that our blogs will help in translating our experience for the prospective buyers who are looking for their dream home.

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