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Neelkanth School and Neelkanth residency is a twin project. In this the Neelkanth School decision manage and operate a CBSE school, while Neelkanth Residency inclination offer sale of plots near the school. This twin project can be of a great benefit to the investor. The following section intention discuss and describes the benefit to the single investors of different types and investing in residential plots with different angle. The single investor may be investing from different point of view. Say he might be investing for the purpose of return, building of future house, sale of existing house and shifting in long run to new house, etc.
A corporate or a social organization or an NRI groups can also be the investor in the Neelkanth Residency project. Such association can encourage their members to invest in the buying of the plots in Neelkanth Residency in following different ways:
Introduction plan is in which the corporate introduces the entire project to all its members in a formal lecture or by providing a point of place where members may come and ask for the details about the project, people of Neelkanth Residency determination actually explain the project in detail to the interested persons. In this option the corporate will get benefit of a corporate membership for the functioning of Neelkanth School. This membership intention be free-of-cost and resolution be initially for the period of 10 years. Further to this the corporate can utilize the lecture hall and other infrastructure facility of the Neelkanth School at a nominal cost. The financial implication for such investment intention be same as that is in the case of single investors and discussed previously. Note that in this plan the corporate resolve not have any additional financial liability.
Corporate Social Responsibility (CSR) is a recent management concept. Under this organization invest in wellbeing or for the welfare of the employee (member) and in return ensures happy and long term employer-employee (association-member) relationship. However, high costs of CSR deter the organizations to venture into this field. Neelkanth Residency and Neelkanth School offer you an economic way of opting for CSR for welfare of your employee. CSR plan is in which the company will actually offer to pay for its members the purchase of plots in Neelkanth Residency and the members passion be asked to pay from their salary the fixed sum as an installment against such payment. The payment power be considered as interest free advance to the employee by the corporate.
IAs shown in above flow diagram. First the organization will accept the CSP plan proposed by Neelkanth Residency (Developer in this case). Once that is done developer and organization discipline search for the interested employee. Once it is done organization will pay on behalf of employee ‘n’ number of monthly contributions to the developers. Employee at the same time employee discipline pay registration charges (from his pocket – non-refundable) and amount of deposit to the developer (from his pocket - refundable). Once that is done the developer inclination allot a plot to the employee and goes in to final agreement by way of registering the agreement (at this point of time developer is getting his full amount). The original registered agreement decision be kept as a mortgage with the organization, until employee successfully pays from his salary ‘n’ monthly installments. Once ‘n’ installments are paid the organization releases the original registered agreement to the employee and also return the deposit employee paid initially.
Let us consider following sets of assumptions for a corporate opting for CSR plan for its members:
The net cost of the purchase of plot will be 10 lacks. Deducting 25% due to saving in the payment of income tax, the net payable amount discipline be 7.5 lacks only. Fully refundable security deposit of 1 lack, if paid towards purchase of plot, the net financial liability for purchase of plot inclination be reduced to 6.5 lacks only. This is the net payable by the corporate towards the purchase of plot for its member. Against this a member will make the payment of Ruppe. 0.20Lacks (or ruppes. 20,000) every month, which makes INR. 2.4 lacks in a year as his contribution, for every year until loan is paid up. This contribution intention be charges as an income for the corporate and the corporate will have to pay income tax on this at a rate of 25% until the loan is paid-up. This passion leave with the corporate an effective contribution of Ruppe. 1.80 lacks for every year until loan is paid. Once the loan is paid the corporate power pay Rs. 1 lack back to the employee (again he saves 25% income tax liability from this) and his net payable resolution be Ruppes. 0.75 lacks only. The present worth of all the contributions and security deposit against the payment of loan resolve be INR. 0.09 lack. This means the present worth for corporate for this loan wish be Ruppe. 9,000 only. Figure shows the detailed calculations.
The additional benefits to the corporate under CSR plan is as under: