Sobha Indraprastha is located at Sy. No 180-184 ,Minerva Mills Compound Rajajinagar, Gopalpura, Binnipete, Bengaluru, Karnataka 560010. 1/2/3 BHK Apartments At Affordable Prices With All Amenities. Bangalore has needed a place like this for ages, Sobha Indraprastha is brought to you by none other than Sobha Group that have taken care of all your needs when it comes to a home, with Sobha Group Standard amenities this must be your Ideal Selection if you are looking to buy a Home and not just a house in Bangalore.

Sobha Indraprastha also offer these key features Indoor badminton court, Table tennis room, Multi-purpose hall with pantry space, Snooker room, Indoor kid’s play area, Board & card games area, Terrace party area, Open air theatre, Balinese landscaping, Rainwater harvesting pond, Sandpit area for kids, Multi-purpose open area, Party lawn, Open lawn, Swimming pool, Tennis court, Basketball court, Pavilions with seating, Pergola Shaded Seating. Sobha Group has taken care of most or all of your requirements, with the kind of amenities offered by Sobha Indraprastha, it adds a tremendous amount of Market value to your dream home.

Sobha Group ’s properties are hot selling units of Real Estate available in the market now, we often wish for our dream home to be spacious, Open aired bright with Sunlight and also warm and cosy. The Sobha Indraprastha is well equipped to take care of every need, Known or Unknown, Sobha Group has anticipated all your needs and provided a practical Solution. Leave your Details below and We’ll send you an Invite to come and visit the Site along with our Property Expert who will be glad to handle your Concerns. All this at NO EXTRA COST! Hurry up, Stop looking, have us call you. Grab your Dream home at Sobha Indraprastha.

Sobha Indraprastha Summary


  • Rajaji Nagar, Bangalore
    Location
  • 2.8 Crore
    Starts From
  • 3 & 4 BHK
    Unit Type
  • 356
    Total Units
  • 9.5 Acres
    Area
  • 2 Blocks G + 37 Floors
    Blocks / Towers
  • Ready to Move-In
    Possession Date

Sobha Indraprastha Unit Configuration


Unit Types Super Built Up Area Carpet Area Inquire Now
3 BHK 1950 - 2970 On Request
Unit Types Super Built Up Area Carpet Area Inquire Now
4 BHK 3179 - 3994 On Request

Sobha Indraprastha Master Plan & Floor Plans


Sobha Indraprastha Price Sheet


Unit Type Sq/Ft Price (Approximate)
3 BHK 1950 - 2970 2.80 Crore Onwards
4 BHK 3179 - 3994 4.56 Crore Onwards

Sobha Indraprastha Cost Break



Dowload Full Price Sheet

Sobha Indraprastha Features & Specifications


  • RCC Framed Structure Building. Concrete Solid Block Mesonary

  • High End Vetrified Tiles. High End Anti Skid Tiles in Bathroom.

  • Jaguar/Kohler/Queo/Equivalent. WC – Hindware/Parryware/Kohler/Equivalent.

  • Main Door Frame Teak Wood. All Internal Bedroom Door are Wooden Flush Doors Bedroom and Bathroom Engineered Doors. Windows – UPVC/Aluminium Sliding.

  • Modular Switches. Power Supply Upto 5 kw and DG Backup.

  • Acrylic Emulsion Paint For Internal Walls and Ceilings.

Sobha Indraprastha Amenities


    Power Backup
    24 Hrs Running Water
    Gym
    Indoor Games
    Party Hall
    Surface Car Park
    Basketball Court
    Library
    Maintenance Staff
    Swimming Pool & Kids Pool
    Passive Gathering
    Senior Park
    Outdoor Sports Facilities
    Rain Water Harvesting
    Community Garden
    Jogging Track
    Bike Track
    24/7 Security
    CCTV Camera
    Sewage Treatment Plant

Sobha Indraprastha Take A Tour


Sobha Indraprastha

About Sobha


Sobha Ltd. is one of the largest and only backward integrated real estate players in the country. With three decades of experience in creating resplendent interiors of palaces and masterpieces in the Middle-East, Mr. PNC Menon founded Sobha Developers in 1995 with a clear vision to transform the way people perceive quality in the real estate sector in India. 

 Since inception the company has always strived for benchmark quality, customer-centric approach, robust engineering, in-house research, uncompromising business ethics, timeless values and transparency in all spheres of business conduct, which have contributed in making it a preferred real estate brand in India. In 2006 Sobha went public through its initial public offering in 2006, an event that created history when the issue got oversubscribed a record 126 times.

Founded in the year 1995, Sobha Limited is one of the largest real estate development companies in India. It is a Rs. 22 billion company headquartered in Bangalore, having projects spread across 13 states and 24 cities. Sobha Limited is primarily focused on development of residential and contractual projects. The residential projects include villas, row houses, plotted development, presidential apartments, luxury and super luxury apartments equipped with all amenities.

SOBHA epitomizes "passion at work" in totality. For us it is not only a catch phrase which sounds just right, rather we all strive to live it daily. It serves as our compass which guides us towards creating world class quality products and workmanship. It guides us to be transparent in all our dealings and adhere to delivery on time, each time.

We draw heavily from the innate qualities of our founder, Mr. PNC Menon in imbibing and actually living the brand. Simply put, this means that we do not cut corners towards making best - in - class products. Our work revolves around creating 'quality' with immense passion like Mr. Menon himself - the builder extraordinaire, who revolutionized the way people perceive quality in the realty sector.

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Investment Property: How Much Can You Write Off on Your Taxes?

Published On : 18 / Oct / 2019 | By : Nadeem

Learn how to navigate the tricky tax laws around investment properties, including ways to save.

There are certain things you can do as a real estate investor to help manage your tax bill and maximize your after-tax return on investment. To do so, however, you need to understand the primary ways in which investment real estate portfolios get taxed. You must also have a general grasp of some abstract concepts like calculating your tax basis, as well as the depreciation of capital investments.

Warning: This article is not going to make you an expert. But it will acquaint you with the basic terminology so you can be better prepared for a meeting with your tax adviser.

Taxation of rental income

The IRS taxes the real estate portfolios of living investors in two primary ways: income tax and capital gains tax. (A third way, estate tax, applies only to dead investors.)

Rental income is taxable — as ordinary income tax. That means you must declare it as income on your tax return and pay income tax on it. Unlike wages, rental income is not subject to FICA taxes.

Your income is everything you get from rents and royalties on the property, minus any deductible expenses. You can’t deduct everything though. You can only deduct mortgage interest and repairs you make that restore the property to its original minimally functional condition. You can’t deduct capital investments like new buildings, additions or renovations. More on these later.

Capital gains tax

The second tax bill you need to worry about is capital gains tax. The IRS taxes you on any net profits you get out of a property when you sell it. If you’re flipping the property and you’ve owned it for less than a year, you pay short-term capital gains tax, which is the same rate as your marginal income tax rate. If you’re in the 28% tax bracket, you’ll pay a 28% tax on short-term capital gains.

If you hold the property for 12 months, you’ll qualify for more favorable long-term capital gains. Depending on your marginal income tax bracket, these taxes could range from 0% to 15%. In every bracket, however, the IRS takes a smaller cut out of long-term gains than out of ordinary income or short-term gains.

Calculating capital gains

You pay capital gains tax on the difference between your selling price in the property and your adjusted tax basis. Your adjusted tax basis in a property is the original cost you paid for the property, plus any amount invested in renovations and improvements (including labor costs on these projects) that you have not previously deducted for taxes.

If you have deductions associated with the property, you subtract them from your tax basis. If your adjusted tax basis is higher than your sale, you have a capital loss. You can subtract capital losses from a given year from capital gains to reduce your tax bill. If you have more capital losses than capital gains, you can “carry forward” these capital losses into future years to offset future capital gains. If you have no capital gains, you can deduct $3,000 annually until you have recognized all your capital loss carryforward.

How to defer capital gains taxes: an intro to like-kind exchanges

The IRS provides an important exception to capital gains taxation, made-to-order for real estate investors: If you own an investment property, you can sell your property at a profit and roll your money over into another property within 60 days without having to pay capital gains taxes at all. This transaction is known as a Section 1031 exchange, named for the section of the U.S. Revenue Code that allows it. You cannot swap your rental property for a personal residence, or vice versa. For this reason, these exchanges are called like-kind exchanges, in that the property you replace it with needs to be substantially similar to what you sold.

The 1031 exchange makes it possible for real estate investors to defer paying capital gains tax, which is another advantage over investing in mutual funds, stocks, bonds and other securities or collectibles. Outside of a retirement account, you have to pay tax on gains in these items by April 15 of the year after you sold them.

Depreciation and amortization

This is a broad concept, so we can only cover the very basics here. When you buy investment property — be it a building, a computer or a horse — the IRS knows that the item won’t stay young and new forever. Over time, the property will decrease in value. Depreciation is the process of claiming a deduction to compensate you for the property’s decrease in value during the year.

Note: You can’t depreciate your personal residence. You can only depreciate investment property. For more information on the process of depreciation, see IRS Publication 946, How To Depreciate Property.

Land, of course, doesn’t depreciate. But minerals underneath the land do. If you are extracting oil or other minerals, or timber, for that matter, from the land, you will account for the gradual loss in value through a process called depletion.

Likewise, when you make a purchase of investment real estate or capital equipment with a useful life of longer than a year, the IRS knows you will be using that property to generate income for a long time to come.

Except in certain circumstances, the IRS does not allow you to deduct the full cost of your investment in the first year. Instead, you must amortize your investment over a number of years. For real estate, you must spread the deduction out over 27.5 years.

Passive activity rules

Again, these rules are complex. But in a nutshell, if you are a passive investor — meaning you are not working day to day in the business of managing your real estate investments — you are subject to passive activity rules. Basically, you can only deduct passive losses to the extent that you can cancel out gains from passive activities. These rules restrict your ability to use passive activity losses to offset capital gains elsewhere in your portfolio. Congress implemented these rules in 1986 to eliminate tax loopholes and abusive tax shelters.

Most individual investor landlords can deduct up to $25,000 per year in losses on rental properties, if necessary (subject to income limitation). Hopefully you won’t have to make use of this provision much.

Property taxes

Expect to pay property taxes to local and county governments each year. Your local government will assess the market value of your property at its “highest and best use” and charge you a percentage of that value every year. You can deduct property taxes against your rental income, though, provided the property tax is uniformly assessed throughout the jurisdiction and is not a special assessment.

Other tax deductions

Watch for opportunities to take deductions for these common real estate investment expenses:

  • Mortgage interest
  • Legal fees related to your investment properties or business
  • Mileage
  • Business use of your home (the home office deduction)
  • Advertising fees

Employees (but if they are working on capital improvements or renovations, you have to amortize their labor costs as part of your capital investment, rather than as a current year expense.)

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