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Showing posts from August, 2015

URBAN LIFE ON FAST TRACK - Pune clears round 1, next goal is top 20

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Aug 28 2015 : The Times of India (Pune) Pune: TIMES NEWS NETWORK   Pips Big Metros Like Kolkata To Find A Place Among 98 In The Country Chosen For Smart Cities Mission In a big boost that would make a difference to the quality of urban life, Pune was among the 98 cities chosen for development under the Smart Cities Mission.There is much to cheer here as state capitals like Bengaluru and Kolkata did not make the cut. However, the grind begins now, since the city will have to make it to the final round of the mission.Along with the other selected cities, Pune too will have to prepare a city-level Smart City Plan which will be evaluated in the second stage of the competition based on a broad set of criteria. The top scoring 20 cities will be picked by the Centre for funding during this financial year. Funds may be released to the final 20 cities by this year end. They will get central assistance of Rs 200 crore in the first year followed by Rs 100 crore e

Foreign media sees India gaining from China slump

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New Delhi: TIMES NEWS NETWORK   India stands to benefit from China's slowdown thanks to its resilient consumer spending and improving macroeconomic fundamentals. The foreign media is taking note of the growth potential of Asia's third-largest economy acknowledging the strengths of India against the backdrop of a slowing China and a sluggish global economy .“India hasn't been rattled as badly as Brazil, Russia or South Africa. Its international reserves are ample, and it isn't highly dependent on foreign capital to fund imports,“ says the Wall Street Journal in a report on how India could benefit from China's slowdown. “It also doesn't rely on exporting resources, which means ebbing Chinese demand for minerals and metals isn't serious. And it doesn't have many companies competing head-tohead in third markets against Chinese exporters that benefit from a weaker yuan,“ the newspaper said. It said the large population which buying

RARE INVESTMENT OPPORTUNITY - COMMERCIAL OFFICES & SHOPS at very prime location in PUNE.

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We hereby bring an  exceptional opportunity    to own  Panchshil  Commercial premises starting from  1500 sq. ft. to 30,000 sq. ft . Ticket size of  Office 1.6 Cr . &  Retail shop from 3.5 Cr . onwards. LOCATION: NEXT TO SEASONS SHOPPING MALL, MAGARPATTA CITY, PUNE. Specification: Building Specifications • Double Glaze Low-e glass façade • Air conditioned Lobby - VRV System • Access Control Turnstile • Elevators: High-speed Mitsubishi* 3 passengers and 1 Service • 100% Power Back-up • Ample space for Car / Two- Wheeler parking • Possession will be 24 months from the date of commencement Floor Specifications • Sub Floor with mosaic tiles • Office Front with Well-designed Glass door • False Ceiling with light fixtures • Floor Pantry available • Each Floor - Washrooms for both Male and Female • Exclusive Executive washrooms on each floor • Air conditioned offices with VRV system Benefits for investing in Magarpat

iPhone-maker to invest $5bn to Make in PUNE, Maharashtra.

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Mumbai: TNN & AGENCIES   Taiwan's Foxconn, the world's largest contract electronics manufacturer and a key supplier to Apple Inc, on Saturday signed a pact with Maharashtra to invest $5 billion over five years in a semiconductor manufacturing facility.The investment, touted to be one of the largest in the state, comes within a week of US multinational General Motors' $1billion pledge to manufactures automobiles in Maharashtra. It will also bolster PM Narendra Modi's `Make in India' campaign, which aims to turn Asia's third-largest economy into a manufacturing powerhouse. The MoU to set up the unit was signed in the presence of chief minister Devendra Fadnavis and Foxconn chairman Terry Gou on Saturday at the World Trade Centre here. TOI has in the past -most recently on August 5 -reported how Foxconn, the trade name for $132-billion Hon Hai Precision Industry Co Ltd which also counts Blackberry , Xiaomi and Amazon as clients, had amb

`Builder cannot charge VAT on sale of flat after completion of project'

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Vishwas Kothari Pune:   Forum Directs Construction Co To Pay `20k As Damages A builder cannot charge Value Added Tax (VAT) on transaction for sale of flat effected after he has secured completion certificate for the project from the municipal corporation, the Pune district consumer disputes redressal forum has ruled.In an order passed on Thursday , a three-member bench of the forum, headed by its president V P Utpat, held city-based construction firm, Kshitij Promoters and Developers in Erandwane, liable for deficiency in service and unfair trade practice for wrongfully collecting 1% VAT from the purchasers of a flat and not returning the same. The bench, which also comprised members Mohan Patankar and Kshitija Kul karni, directed the firm and its partners, S P Paranjape and Vinayak D Gokhale, to refund the Rs 70,230 VAT that was collected from complainants Janice D'sa and Leena D'sa within six weeks from the date of order. The firm has also be

Insurance cover for a home

  There are many options to insure a property and household goods from theft and breakdowns There are different forms of insurance available for a home. An insurance cover reduces risk. It is therefore advisable to go in for some cover based on the risks involved, and the potential loss. HOME LOAN COVER A home loan availed to buy property can be covered by insurance.This provides a cover for repayment of the home loan in case of the unfortunate demise of the borrower. As the loan amount in case of a property purchase is usually high and the tenure long, there is a greater degree of risk. This policy is more or less like a term insurance, linked with the tenure of the home loan. PROPERTY INSURANCE Insurance for the house itself is available. Here, there is the option of insurance for the household goods.None of these is mutually exclusive.It is possible to opt for one or a combination of more, depending on preferences and risk assessment. Insurance of property cove

Pune steals a march over Delhi in realty

Jul 29 2015 : The Times of India (Pune)   Sales and new project launches in the country's real estate sector are recording a dip but analysts observe that Pune continues to see an increase in sales and prices.The city has emerged as one of the best performers in terms of age of inventory and time taken for inventory to be sold. Although residential markets in all major cities are still experiencing a pressure, Pune has shown promising growth The city has replaced Delhi-NCR to occupy the third slot in absorption or sales figures. Even in the number of new launches Pune has surged ahead of Delhi NCR, standing third after Bengaluru and Mumbai in the first half of 2015. Real estate consult ant Knight Frank released the half-yearly report on Tuesday . The research firm has given their findings for the top eight cities -Mumbai, Delhi-NCR Bengaluru, Pune, Chennai, Ahmedabad, Hyderabad and Kolkata. It stated that these residen tial markets were expected to witness a sl