Welcome to know & Share information about Real Estate Market & Opportunity to invest.
This blog is an effort to bring more comprehensive, precise information about the current happening of Global & specially India's Real estate market and can have also professional advise and assistance to invest in "PUNE" city which is a India's Premiere IT Hub, Education Hub added with fantastic weather all the year & Surrounded with scenic beauty of hills. "Navi Mumbai" is also known emerging investment destination.
There will be frash review and open discussion about the specific topic which may interest to you.
EXPERT/PROFESSIONAL ADVISE TO NRI's (NON RESIDENT INDIANS) TO INVEST IN REAL ESTATE/ PROPERTIES IN PUNE, MAHARASHTRA, INDIA
*we are Real Estate Consulting / Brokering & property management company, based in pune and we work in PUNE, MUMBAI & GOA’s premium high ticket price properties and also assist buyers to book or buy/purchase suitable property as per their requirements and budget and can also offer any underconstruction propery from all recognized developers in pune. It\'s like saving time and getting our expertise & knowledge to search property for interested buyer\'s.
Resale/leasing, property management will involve service / brokering Fees. (We Believe in Quality)
RERA REGISTRATION NO. A52100002438
(reach directly on my cell No. 91-7498829332, +91-9822052388, Email: deepaksundrani@thegururealty.com
PLEASE ALSO VISIT OUR NEW WEBSITE ON SPECIFICALLY DEDICATED FOR PROPERTY MANAGEMENT SERVICES website http://punepropertymanagementservices.com/
It's always good time to invest in properties in rapidly developing INDIA
Now, here are reasons to back or support my point that indian real estate has great potential to give handsome returns are
All above points and many more positive aspect of India and indian economy indicates one thing that it's time to invest in indian properties to get great appreciation in coming years..
However it's very important to understand that nowadays, real estate market is not such that buy any property anywhere and expect good returns for it and may end up no return dead investment therefore it requires proper research and after surveying on the ground, one should decide for it as an opportunities always change with the time. for that, an expert needs to be consulted & hired which will not only benefit in finding right opportunity for buying property but also to manage it professionally at the later stage as it will involve many aspect of managing, leasing / renting and selling the property at the later stage to make earning & profit out of it.
About Pune City, Maharashtra State, India.
Pune: Hub of commercial properties for Lease & Rent and Sale Preleased on ROI basis.
Property / Real Estate Investment Opportunity for NRI's (Non Resident Indians)
Saturday, February 7, 2009
Other Banks Can Follow SBI's Footsteps and Fix Home Loan Rates at 8%
Pune buyers still eye luxury homes
Marvel Realtors, automated super luxury homes maker says that sales have picked up in the last one and half months due to correction in rates and banks easing lending. "Initially, buyers were holding decisions. With some correction in rat,es, they feel they are getting value for money. We have offered discounts of 10% to 15% less, than what we were selling at peak season rates," Vishwa-jeet Jhavar, CEO, Marvel Realtors said.
Marvel has sold around Rs 20 crore worth properties in the past one and half months. "The first phase of Marvel Diva of around 3 lakh square feet is ready for possession by May 2009 and we sold 2.40 lakh square feet. These flats are in the range of Rs 80 lakh to Rs 5 crore," Jhavar said. The super 1uxury housing market in India is 8% of the total market and just 0.1% to 0.2% is- the avail-able supply, leaving huge scope for growth, he said.
INC Developers, a group that claims to have designed estate homes in San Francisco and the Bay Area, is collaborating with Pune-based Amar Builders to build a Rsl50-crore project called Manhattan, which comprises 18 residential units at Baner. Amar Man-jrekar, MD, Amar Builders said his company had sold 50% of the project. These apartments are in the Rs 4 crore range and although there has been a slowdown in enquiries, there is not enough supply for such homes, he pointed out. But he claimed that his company had not resorted to any rate cuts
On the other hand, Vitoria Group, promoted by Nitin Bhosale of Bhosale Housing and Gaurav Gadhiya of Raviraj Grroup that has a 3.5 -acre pro-ject off Aundh Road in Pune called Vitoria Lagoon, brought its rates down. "The response has been good. But we had to cut down rates by 20% to 25% for the customer," Nitin Bhosale said. The company says it has sold 30% of the total of 66 units that are up for sale in the range of Rs 2.40 crore to Rs 3 crore. The 3 BHK and 4 BHK apartments are upwards of 3,500 square feet.
Source:The Financial Express
Tuesday, February 3, 2009
Realtors set free of service tax burden on sale of apartments
The Central Board of Excise and Customs (CBEC) in a circular has said construction service provided by a builder to a person buying the apartment till the execution of sale deed would not attract service tax.
Usually, developers enter into an 'agreement to sell' with the buyer of the property. But the property remains under the ownership of the developer and it is only after the completion of the construction and full payment of the agreed sum that a sale deed is executed and ownership of the property transferred to the buyer.
"Therefore, any service provided by such seller in connection with the construction of residential complex till the execution of such sale deed would be in the nature of 'self-service' and consequently will not attract service tax," the circular said.
Also, if the ultimate owner enters into a contract for construction of a residential complex with a builder who himself provides service of design, planning and construction, and after such con-struction the owner receives such property for his personal use, then such activity would not be subjected to service tax. It is because this case would fall under the exclusion provided in the definition of 'residential complex'.
However, if services of any person like contractor, designer or a similar service provider are received in both the cases, then these would attract service tax.
The circular comes in the backdrop of various builders' organisations approaching the government seeking clarity over applicability of service tax in a case where a developer enters into an agreement to sell a dwelling unit in a residential complex at any stage of construction. A debate on this was split with a segment of service tax officers who operate on the field arguing that after an agreement of sale between a buyer and a developer, the buyer becomes the owner of the residential unit and subsequent activity of a builder for construction of residential unit was a service of 'construction of residential complex' and hence liable to service tax. However, the opinion was countered by another section of officials.
"The CBEC clarification unambiguously puts to rest all conflicting views emerging in case of sale of dwelling unit in a residential complex," Ernst & Young associate director Bipin Sapra said.
Source:The Economic Times