Osum Benefits

Investment benefit on purchase of 1BHK in P B Osum provided the buyer opts for Home Loan.
Home Loan interest rate is 8.8%. On Loan for 15 years EMI is Rs 1000/Per Lakh

Example: 1BHK
Flat Cost: RS 27Lakhs
Self Contribution: RS 5.40Lakhs (20% Total Cost)
Balance Home Loan: RS 21.60Lakhs

 

EXPENSES BENEFITS
INVESTMENTS INTERESTS TOTAL INCOME ADDED INCOME- IT BENEFITS ON HOME LOANS TOTAL
1. Self Contribution (@20% total cost) Rs 5.40 Lakhs 1. Outgoing
Interest for 15years @ 6%* 5.40Lakhs*15years
Rs 4.86 Lakhs TOTAL EXPENSES
Investments: Rs 44.28 Lakhs + Interests: Rs 4.05 Lakhs= Rs 48.33 Lakhs
1. Average Monthly Rent for 15 years i.e. 15years*12*15000 Rs 27 Lakhs Total EMI Paid for one year i.e. For 1year-Rs 21600*12 Months: Rs 2.59 Lakhs For Rs 2.59 Lakhs*15years: Rs 38.85 Lakhs TOTAL BENEFITS -after 15 Years (A+B) =RS 32.67Lakhs+RS 12.12Lakhs i.e.: RS 44.79Lakhs
2. EMI For 15 Years i.e. 15*12*1000/month*21.60 Lakhs Rs 38.88 Lakhs 2. Incoming
On monthly rent of Rs 15,000@6% for 15 years
Rs 0.81 Lakhs 2. Average Appreciation at the end of 15 years i.e. 2*27Lakhs Rs 54 Lakhs
*Total Investments: Rs 5.40 Lakhs+Rs 38.88 Lakhs= Rs 44.28 Lakhs *Total Interest: Rs 4.86 Lakhs-0.81 Lakhs= Rs 4.05 Lakhs Total Income: Rs 27 Lakhs + Rs 54 Lakhs= 81 Lakhs
*Direct saving at the end of 15 years: Rs 81 Lakhs- Rs 48.83 Lakhs= Rs 32.67 Lakhs (A)
IT Benefits
If Considering 30% IT Slab i.e. Rs 2.59 Lakhs*30%+Cess 4%=31.2%
Therefore Rs 2.59 Lakhs*31.2%=Rs 80808*15Years
– Rs 12.12 Lakhs (B)

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