Nancy Group Nancy Group Akash Residency
Nancy Group Aakash Residency
Nancy Group
Nancy Group Nancy Group Nancy Group


Rain Water Harvesting – First time in a residential complex in Guwahati
Solar Heater
Full proof security for safety living
Telephone with intercom facility with security centre and main gate
In-house Cable network system for excellent picture quality
Advanced Fire alarm system
Water Filtration plant
Exclusive elevators
Lush green park in the middle of the complex
Ornamental trees in the campus
Decorative street lights
Community hall
Generator back up for lobby, lift, stairs and pumps

Water harvesting & ground water recharge.

Solar light for common Area.


Real Estate investment in India is what everyone seeks and the right finance option that suits his/her needs to the tee? To help him/her realise his/her dream of owning a Supreme Residency, VTT helps with Housing Finance Companies and Banks to devise loan schemes for their various projects. VTT's innovatively designed packages will help him/her get flexible and hassle free financial aid at highly competitive rates of interest along with a host of other benefits and help getting luxury lifestyle residential property.


Any question on Home Loans, please contact us on customer support:
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Home loans

The benefits of taking a home loan:

The income tax authorities look with favour upon those servicing a housing loan from specified financial institutions. Moreover, it is up to one to be wise enough to take advantage of this.

Let's start with Section 24 of the Income Tax Act.

Interest paid on capital borrowed for the acquisition, construction, repair, renewal or reconstruction of property is entitled to a deduction. That means the borrower is allowed to deduct an amount equivalent to the total interest payable on the housing loan from his taxable income within the same financial year. This is now a substantial amount. It started with the Income Tax Department offering Rs 15,000 as the maximum amount eligible for deduction in the case of self-occupied property. This later got doubled to Rs 30,000. It did not stop there. After being enhanced to Rs 75,000, it was then taken to a limit of Rs 1 lakh. Presently, the limit stands elevated to Rs 1.5 lakh.

So, incase of show borrowing to acquire, construct, repair, renew or reconstruct property on or after April 1, 2007, The borrower gets a deduction of up to Rs 1.5 lakh. The criteria being: the property has to be acquired or constructed by March 31, 2010 and be self-occupied.

When put in figures, this is quite big amount. Presuming the taxable income of a borrower at Rs 4 lakh, placing the assessee in the highest tax bracket. Assume interest payment during the first financial year is Rs 1.60 lakh Taxable income stands reduced to Rs 2.5 lakh (Rs 4 lakh - Rs 1.5 lakh being the maximum limit) Total tax amounts to Rs 49,980 (tax of Rs 49,000 + surcharge of Rs 980) Tax saved is Rs 45,900 (tax @30% on Rs 1.5 lakh plus 2% surcharge as the investor is in the highest tax bracket)

That brings us to Section 88 of the Income Tax Act.

The borrower get a 20% rebate on repayment of principal during a financial year. Once again, over the years, the principal repayment eligible for rebate has been enhanced from Rs 10,000 to the current limit of Rs 20,000. Stamp duty, registration fee or other such expenses paid for the purpose of transfer of such house property to the assessee is also considered under this amount. Going back to our earlier example: Taxable income of Rs 4 lakh Taxable income stands reduced to Rs 2.5 lakh Tax before rebate and surcharge: Rs 49,000 (no surcharge is computed as surcharge is applicable on tax payable after allowing for rebate under Section 88) Rebate of Rs 4,000 (20% of Rs 20,000 being principal repayment) Tax less rebate of Rs 4,000 + surcharge @ 2%= Rs 45,900 Tax saved = Rs 49,900 (Rs 45,900 as shown above plus rebate of Rs 4,000).


After the borrower have made the decision to purchase a home, he/she will have to decide on which option he/she will want to use to finance it. Customers have three options for making payments towards a home.

  • Installment Scheme ( Customer Financed ) :
    Under this scheme, the customer pays a percentage of the total price of the home initially and then makes progress payments as the building construction progress e.g. a customer puts 20% as down payment when he books the flat and then pays 10% when the first floor is constructed, 10% when the 3rd floor is constructed and so on. The payment made by the customer are linked to the progress of the building and all payments are financed by the customer himself.

  • Installment Scheme ( Bank Financed ):
    Under this scheme, the customer opts for a home loan at the time of making the booking and the bank makes the payments on behalf of the customer. The payments are linked to the progress of the building just like the previous scheme. The customer repays the bank over a longer period of time e.g. 20 years.

  • Advance Disbursement Facility (ADF) Scheme (Bank Financed) :
    Under this scheme, the bank, on instructions from the customer, pays Supreme the entire value of the apartment upfront when the customer makes the booking. In effect, Supreme discounts all the future payments due from the customer at an interest rate that is higher than the rate of interest of the home loan. Therefore, the customer ends up getting a discount on total price of the home. Consider an example of customer booking a flat of 1000 square foot area at the rate of Rs.1800 per square foot. If he is paying entire money upfront while booking, then he gets Rs.100 as ADF Discount and his costing will be Rs. 1700 per sq.ft. So instead of Rs. 18,00,000 which is the cost of the flat, the flat cost in the ADF scheme will be Rs. 1700,000, a saving of Rs. 1,00,000. This facility is made available by banks only to reputed builders.

* NOTE: The informations are indicative of the kind of development that is proposed. Subject to the approval of the authorities or in the interest of continuing improvement, the developers reserve the right to change the layout plans, applications or features with out prior notice or obligation.


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