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

Dear freinds, it has quite sometime that i am again writing as has been very busy in my core business of consulting property buyers to purchase properties in Pune, India. here, just thought to write topic of right or good time for investing properties in India as from last few years or months, lot of ups & downs are happening in the world economy and indian economy so many people are asking this question continuously.. first i strongly believe that investing in Indian real estate will reap great appreciation for next 10 years, if investors can hold their investment till this period or till right time.
Now, here are reasons to back or support my point that indian real estate has great potential to give handsome returns are
1) One Of the fastest Developing Country
2) Real Demand
3) Inflation
4) Income Growth

1) India is one of the fastest growing country in world currently which makes it more attractive as when country is developing, it will never get fall in longer run as everything will be required ie. infrastructure, industries, residences, education etc. it's country of 1.30 billion + population in which 400 millions strong middle class having equivalent to entire europe makes it's one of the largest consumer market in the world. it will attract every corporate company established & emerging to come india and expand their businesses for such vast and great consumer market.

2) Real Demand refers to huge requirement of Residential and commercial spaces in millions required in india's cities as already it's predicted that millions of units will be required for endusing in urban areas which gives great optimism that india's real estate market is based upon real demand and as we can now check and know with our past experiences of international market of dubai, europe and USA that if there is no real enduser demand then real estate growth will not sustain in long term so we can surely say that india with huge population and demand can surely will give great appreciation.

3) Inflation is one of the most talked phrase in india currently as it's affecting every aspect of life in india. i wish to highlight impact of inflation upon real estate investment because if even we say that there is no appreciation for next 3-5 years, still inflation will make it impossible for developers to offer any real estate property on same price what one can purchase it today..It is very valid point as whatever you can buy now for Rs. 1 will get you half in next 3-5 years so forget about appreciation, still whatever purchased today will get double in next few years due to inflation...another example is that money value is getting devalue everyday so keeping money in bank will not be good idea in current scenario.

4) Recently thanks to IT and corporate world where salaries are increased handsomely given lot of ready cash to young working professionals who are highly educated and understand very well that investing in properties will give them maximum returns in future and great financial support in future.

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 hardly a distance from mumbai commercial hub of india, also known as the Oxford of east has shown impressive economic growth in the past few decades. Pune boasts of some excellent educational institutes along with key defence institutions. In the last decade a large number of companies have also made their presence felt in the city and several manufacturing and software companies have set up their development centres in this city. The rapid real estate growth in the city is reflected through the several residential as well as commercial properties that are mushrooming within the city. Along with excellent employment and educational opportunities, good weather and cosmopolitan population are some of the factors that have cause this phenomenal growth in the real estate sector. Industry experts indicate that residential space of around 1.76 million square feet is needed with the real estate sector recording compound annual growth of 51 percent. Residential spaces in prime areas like Camp, Koregaon Park, Aundh and Baner continue to be in demand. However lack of space in these areas has prompted many property developers to shift their focus to the fringe areas of the city which include Mundhwa, wagholi, Wanowrie, Nagar Road and Hinjewadi areas. The Maharashtra government has granted approval to private property developers to establish townships in Pune as a part of the Public Private Participation model and this has resulted in development of several integrated townships. The Pune real estate market encompasses low cost properties comprising of one or two bedroom dwellings as well as sophisticated opulent villas and duplex apartments. The properties are designed to reflect the contemporary lifestyles of people with many of them having excellent modern amenities like club house, swimming pool, gym and gardens. There are a large number of projects underway in upcoming areas like Wakad, Balewadi, Hinjewadi, Pimple Nilakh etc. The residential spaces in these projects are also quite affordable. The eastern belt of Pune has developed at a very fast pace and is much in demand because of its close proximity to the airport as well as IT parks. With the development of infrastructure particularly roads, areas like Magarpatta, Kalyani nagar, Viman nagar, Kharadi & wagholi have been well connected with the city and this has resulted in a great deal of demand for properties in these areas. one more location in South pune named NIBM is also a very good investment destination as having best schools name in this area. With the rapid infrastructural development and economic growth buying a property in Pune has become an excellent investment option. The real estate prices in Pune have consistently recorded an appreciation of around 25 to 30 percent each year. There is a greater demand for intelligent living spaces that provide upscale amenities. Over the past two years high rise towers have been permitted to be developed in some areas in Pune and many real estate developers have capitalised on this thereby transforming the Pune skyline. Investing in residential property in Pune can be fruitful. However some of the variables or factors that should be taken before buying the property include the location or area, the facilities offered in the project, infrastructural development in the location and quality of construction among others.

Pune: Hub of commercial properties for Lease & Rent and Sale Preleased on ROI basis.

Greetings, Pune is rightnow one of the best city of INDIA to attract commercial real estate investment and best suitable to start the business because of presence of many national & international companies having their setup's already.

we are currently having properties, offices for corporates, co-working offices, shops, showrooms, shopping mall spaces, schools, Restaurant, hotels & hospitals for sale and lease/rent in entire pune city starting sale price range of 2 Crores to 200 Crores and preleased properties giving rental returns of more between 5-10% annually.

we are also having office spaces for lease rent near and inside all IT parks of pune full floors, entire building to be offered to reputed brands for long leasing.

for more detail, please contact Deepak Sundrani #9822052388, deepaksundrani@thegururealty.com

Property / Real Estate Investment Opportunity for NRI's (Non Resident Indians)

Pune: from last few months, NRI community will have great chance and more opportunities to invest in india because of sudden appreciation of Dollar against Indian Rupee which is almost 15% therefore if any NRI or PIO from countries of US or any other middle eastern country, have pegged currency with US dollar then they can avail straight 15% discount indirectly because of exchange rate in investing properties in India which is no doubt will give really handsome retruns or profit in near future........Ideal situation NRI's those have spare money to avail this benefit.......another suggestion that NRI's can look for investment in PUNE, Maharashtra in India as it's very fast growing city and having immense potential to give maximum profit/returns in coming years.

Saturday, December 9, 2017

Home Loans READ THE FINE PRINT

What are the key clauses in a loan agreement, which a home-buyer should keep in mind?

Sunday, December 3, 2017

RERA restores NRIs’ confidence in real estate projects back in India

Delays, Lack Of Transparency Were Hurdles

Nisha.Nambiar

Pune: After years of indecisiveness, the implementation of MahaRERA has helped Qatar-based Shibu and Josy Thomas make up their mind to invest in a realty project in Baner.

With Josy’s parents from Pune, the couple have been looking to invest in a project here for the last few years. “We always wanted a home in the city, our birthplace. We will finally have an investment in the realty sector and can do it with confidence,” Josy said.

Another US-based couple, who did not wish to be named, said they have asked their relatives to look for investment in the real estate segment here. “My sister-inlaw, who would hesitate to invest in Pune till the other day, has asked us to be on the look out for RERA-registered projects,” said M Rao, whose brother and sister-in-law are in the US.

Non-resident Indians have been traditionally attracted to investments in the real estate sector because of currency exchange rate and easy laws for investments by NRIs under the Foreign Exchange Management Act. These potential buyers appear to have become all the more confident to invest in the post-RERA days.

Credai-Maharashtra president Shantilal Kataria said they were getting online inquiries NRIs and their exhibition in the coming month is a proof that the buyers were more confident of investing in the sector with RERA in place. “We are not hesitating to reach out to them,” he said.

Earlier, the lack of transparency in the realty sector, delay in execution of projects, no update from builders, misleading marketing strategies and the absence of accountability were some of the fears expressed by NRIs . Kataria said RERA took care of most of these issues.

Puranik Builders MD Shailesh Puranik said, “The NRIs are now inclined towards investing in residential projects — be it in the micro or luxury segment — because the act (RERA) allows the investors monitor all activities. This creates a transparency in transactions and provides better scope of attracting NRIs.”

Anuj Puri, chairman of Anarock Property Consultants, said the Indian real estate sector evokes a lot of interest from NRI investors. “This interest is driven by long-term fundamentals such as emotional connect, safeguarding retirement plans, better returns and yield on investments and depreciation in the rupee’s value. While there are around 30 million NRIs across the globe, investment in the Indian real estate is led by NRIs from the US, UAE and Saudi Arabia.”

Between 2000 and 2014, he said, NRI investments in the Indian real estate reached substantial levels ranging between 10% and 18% a year. But there was a drop because of the slowdown in the market from 2015 and that continued till last year.

“Besides, there was a slew of reforms and policy changes such as demonetization, RERA and GST. The combined effect was a decrease in investments by the NRIs in the sector. The worst hit was residential real estate market. But after RERA, the sector is finally reviving,” Puri said.

Monday, November 27, 2017

Bank loan advantages in buying Proprty by Mr. Avnish Bhatnager

Dear Readers, recently I have posted many articles regarding opting bank finance to purchase properties which is having great advantage & necessities to own property in today’s scnerio.

Here further, got an opportunity to talk my old time client cum friend Mr. Avnish Bhatnager working as a chief manager in Bank of Baroda & he has shared with me really a great advantages to go for bank Finance route to own a property so I requested him to share his views in writing small piece which can help many readers & aspirants looking to buy property & still thinking to go for bank Finance or not.

Here is piece of small text message from Mr. Bhatnager:

It is very simple to understand the advantages of availing loan to acquire property
First it is available at cheapest possible rates at one should avail it from well reputed leading organisations viz Nationalized banks, leading Pvt banks.
The EMI payable every year not only save,/reduce Tax liability
Becomes compulsory savings
Feeling of ownership gives tremendous satisfaction and gives you solid proof of your existence.
Own roof and rented roof have a lot of difference of own identity in neighbourhood, people treat you differently
Besides daily satisfaction the affect of inflation means rise in value of property also have its own reasons of satisfaction of being a early bird and own proud to have own house at such rates which can not be affordable now that is after passing of few years 
After passing of some years value of property increases,loan liabilities reduced, Salary increased and EMI do  not look too heavy now.
The property aquired comes at important place location wise which it maybe not at the time of aquired it.
You may stands as guarantee for your kids if they require loan for Thier education or some other purposes being a worthy person having some solid property in own name

So many hidden psychological advantages can not be written.
Ye tera ghar ye mera ghar
Kisiko dekhna hai agar
To maang le meri nazar teri nazar
Best of luck”

Avnish Bhatnager 
(Chief manager Bank of Baroda)
Email: bhatnagar.avnish@yahoo.co.in

ASSESS YOUR FINANCIAL HEALTH

ASSESS YOUR FINANCIAL HEALTH

Buying a home in a leading metro is no easy feat, especially because it turns out to be an expensive purchase. Therefore, a lot of people opt for a home loan to realise their home-buying dream.
So, if you are looking to opt for a home loan it is extremely important that you bear in mind the ‘consequences of a good credit score’. In fact, if you do not have an ideal credit score, you may also be refused loan from most of the leading banks in the city.
HOW CAN YOU SECURE A HOME LOAN DESPITE A LOW CREDIT SCORE?
If you have a low credit score by a few points, then you can opt for the following steps to get the home loan:
Provide additional security to the lender;
Improve the credit score by disciplined use of existing debts and credit cards;
Apply for a home loan jointly with spouse/relative;
Try to get a loan from NBFC.
In conclusion:
A good credit score is an extremely important tool to assess an individual’s risk profile. The better the credit score, the higher are the chances for the approval of the home loan. Hence, it is imperative that individuals make timely EMI payments and credit card payments to maintain a high credit score.
What is a credit score?
The credit score is your financial health indicator. Normally, banks look for a credit score of 750 points or more to grant a loan. "The score is arrived at from various credit report information available from credit bureaus. Over the past decade, the participating financial institutions and the data sanctity have evolved drastically. Hence, this information forms a very vital tool to ascertain the credit behaviour of the customer,” says R Govind, vice-president - head, consumer lending & retail, Lakshmi Vilas Bank.
The score is used widely across banks and financial institutions while assessing the repayment discipline of potential borrowers.
How does credit score impact your home loan application ?
“The credit score of the individual lists out all the loans that the individual has availed in addition to lines of credit via credit cards or personal loans. The credit score helps determine the individual’s performance on previous or current loans. The credit score advises if the loans are getting paid on time or if there is any short or prolonged delays in repayment. Overall, the lender can make a decision if it must make a lending to the particular borrower on the basis of his credit score,” suggests Nitesh Punjabi, general manager - capital markets & investment services, Colliers International India.
The credit score of the borrower also, effectively represents how likely he or she will repay the loan in time. Poorer the credit score of the borrower, higher is the risk that the lender carries on the borrower. Accordingly, since the borrower is risky, the lender will charge a higher interest rate to mitigate that risk and balance its risk return matrix.
Shubika Bilkha, business head, The Real Estate Management Institute, explains, “Individuals with a better credit score do tend to benefit from preferential interest rates. A credit score of an individual is the credit record held by the borrower over a period of time that also includes his/her income, any overdrafts applied for and the set of repayment records of the borrower.”
Key reasons for a low credit score
The main reasons for a low credit score are irregular payment history, write-offs, settlements, high current balances and a high number of loan enquiries. A lack of financial discipline when using unsecured loan like personal loan, also negatively impacts the credit score. Similarly, non-payment of EMIs on time and loan default can bring down your credit score significantly. 
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THE LOAN THEORY

THE LOAN THEORY

Availing a home loan is not a difficult task anymore. However, ensuring due-diligence and choosing a scheme, which would be beneficial in the long run are not easy. Hence, here our experts guide you through and seek an answer to the quintessential question - which type of home loan would best suit me?
THINGS TO KEEP IN MIND :
Home loan borrowers should also check the down-payment required for the loan. Amitava Mehra, CEO, India Mortgage Guarantee Corporation suggests, “A consumer needs to be clear about the kind of house he is looking to purchase and the budget he wishes to spend on the same. Additionally, it is important that as a home-buyer, you are aware of how much of your savings you wish to spend as your down-payment and the amount you wish to borrow from the bank.” Choosing the best home loan scheme would mean that you would save money in the long run.
PROS AND CONS OF DIFFERENT TYPES OF HOME LOAN :
Navin Chandani, chief business development office, BankBazaar, explains the advantages and disadvantages of different types of home loan -
FLOATING RATE BASED HOME LOAN: Merit: The interest rate keeps fluctuating depending on the market situation. This means that if there is a fall in the interest rate, it gets transferred the next time the rate is reset. It is also less expensive compared to the fixed or semi-fixed loans.
Demerit : When the interest rates are on the rise, the effects of the rise transmit equally fast.
SEMI-FIXED RATE HOME LOAN: Merit: The interest rate remains fixed, regardless of the market conditions. This brings a sense of certainty in the repayment schedule and structure.
Demerit: In case the interest rates fall, you may not be able to avail the drop in rates. Also, if you wish to prepay your loan earlier, there may be some prepayment charges involved.
WHICH HOME LOAN WILL FIT YOU THE BEST?
The home loan interest rate is approximately eight per cent p.a. across major banks and it would bottom out anytime in the near future. “Home loans can be structured and customised to suit the need and requirement of the individual customer. And it has indeed become a bespoke service for the customer as well,” says Rajaram Manian, risk head - Aspire Home Finance Corporation Ltd.
Manian further adds, “There are three types of interest rate schemes that you can choose from, subject to the offering of the financial institution - fixed rate, semi-fixed rate and floating rate. All of them may or may not be offered by all the financial institutions and are regulated by RBI guidelines.”
The choice of interest rate depends on factors such as the age of the borrower, repayment period of the loan and most importantly, the prevailing market condition. Every choice has its own merits and de-merits.
Are you finding it difficult to
choose the right kind of home loan? If yes, we list down the merits and demerits of different types of home loan, in an endeavour to make your decision a lot seamless depending on the market conditions.

Saturday, November 25, 2017

A CLASS APART

A CLASS APART

The union cabinet recently decided to increase the carpet area of houses eligible for interest subsidy under the creditlinked subsidy scheme (CLSS) for the Middle Income Group (MIG) under the Pradhan Mantri Awas Yojana (PMAY). The existing carpet area is 90 square metre for MIG I while it’s 110 for MIG II. The revised area stands at 120 square metre and 150 square metre respectively. The new policy is applicable to the schemes from January 1, 2017 onwards.
While affordable housing has been the core agenda for the present government, the ambitious PMAY has been envisaged to provide houses for MIG and EWS. And the recent move is expected to help them realise their home-buying dream.
EXPERTS SPEAK:
“ Home-buyers stand to gain from this move. The fence-sitters, especially, who were delaying their home purchase will now be given a further push. Builders can also accelerate the sale of housing units, which were earlier missing out on a sizeable portion of MIG. The government remains committed to its headline mission of ‘Housing for All by 2022’, and has given a further impetus for homebuyers, home suppliers and home financiers by easing the ecosystem.
GAGAN BANGA,
VC & MD, INDIABULLS HOUSING FINANCE
“‘Housing for All by 2022’ has taken a huge leap forward with the increase in unit size of MIG houses under Credit Linked Subsidy Scheme (CLSS). The average middle-class in smaller towns and cities would now be able to afford bigger and better quality homes than before. On the supply side, private developers have improved incentives to increase scale and contribute to the emergence of new India.
JAXAY SHAH,
PRESIDENT, CREDAI NATIONAL
“ The move is favourable for buyers under MIG I and II. I am one of the home-buyers who is looking forward towards making the most of this policy. While I am trying my best to understand my eligibility to avail it, I think more and more efforts are required to create awareness among masses about such schemes. I think not many prospective beneficiaries are unaware of such policies.
AJAY MAKHIJA,
HOME-BUYER WHO WANTS TO AVAIL THE CLSS
“ Changes are only in the size of housing units. As loan threshold and interest subsidy amount remain unchanged, the revision would not have any significant impact from the buyers’ point of view. However, from the supply side, many more projects will now become eligible to benefit from this scheme.
SAMANTAK DAS,
CHIEF ECONOMIST & NATIONAL DIRECTOR – RESEARCH, KNIGHT FRANK INDIA
AFFORDABLE HOUSING: A GAME-CHANGER
An analysis by ANAROCK Property Consultants shows that affordable housing, with average ticket sizes below Rs 40 lakh, clearly leads the pack in new launches in the Q 3 of 2017. It constitutes more than half (52 per cent) of the overall new supply. As per their estimates, real estate investments in Tier-II & III cities have risen by around 17 per cent in 2017 (till August) over last year – a certain sign of buyers’ and investors’ movement toward such cities. Jaipur, Chandigarh, Amritsar, Sohna, Lucknow, Nagpur, Surat, Vadodara and Visakhapatnam are some of key cities, which are witnessing more real estate action of late. On realtors foraying into new affordable schemes, Shashank Paranjape, a realtor says, “Budget homes can be delivered without compromising on quality of construction. Smaller units fit the perfect bill here.”
WHAT ARE PMAY AND CLSS?
PMAY is a scheme under the Union Ministry of Housing and Urban Affairs, under Housing for All vision. The mission is being implemented during 2015-2022 and provides central assistance to Urban Local Bodies (ULBs) and other implementing agencies through States/UTs. CLSS can be availed under PMAY. The subsidy is available for acquisition of house and construction of house (including re-purchase). The subsidy will be taken if the beneficiary takes a loan from banks, housing finance companies and other notified institutions.
AFFORDABLE HOUSING LAUNCHES:
GURUGRAM
Areas: South Gurugram
PUNE
Areas: Hinjewadi and surrounding areas
MUMBAI
Areas: Thane region and Airoli, Ulwe and Nerul in Navi Mumbai
BENGALURU
Areas: Hennur Road, Sarjapur Road, Thanisandra Road, Yelahanka and Tumkur Road
CHENNAI
Areas: Sholinganallur and Siruseri
Hyderabad
Areas: Kokapet and Manikonda 
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The centre has given its nod to raise the carpet area for MIG under CLSS. The move will not only rejuvenate the realty sector, but also encourage developers to foray into the affordable housing market
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Saturday, November 18, 2017

HOME LOAN DECODED

When opting for a home loan, you must not simply stop at a suitable rate of interest - there are other aspects that can affect your EMI payment capacity too

Are you planning to opt for a home loan? There are many loan varieties available in the market and you must be aware of your requirement to ensure you select the right product. Lending institutions may keep a low interest rate to attract you but they may simultaneously levy high charges that you may not figure out at the very onset.
“The Home Hunt 1.1 survey by IMGC, revealed that among the top three challenges faced by home-buyers in obtaining a loan are: high interest rates followed by a lack of loan history and difficulty in getting the desired loan amount,” says Amitava Mehra, CEO, India Mortgage Guarantee Corporation.
Importance of interest rates:
Since home loans are long-term loans, even a small variation in the interest rates can have a big impact.
“It is very important to compare the interest rates offered by various banks before finalising on one,” suggests Ajay Jain, executive director - investment banking and head real estate group, Centrum Capital Ltd.
Prepayment terms:
Shetty further adds, “Some of the key terms and conditions that borrowers must clarify before finalising a lender include those related to settlement/foreclosing the outstanding amount, transferring the balance to another lender’s account, prepaying a part or full amount of the home loan, etc.”
Processing charges:
Processing charges may be waived off as a part of a time-bound scheme or there might be other conditions associated with it. “It has been generally observed that unless the interest rate differential on the offer is substantially higher, the homebuyer, especially the end-user, would remain interest-rate-neutral to that extent,” opines Kalpesh Dave, head - corporate planning & strategy, Aspire Home Finance Coporation Ltd (AHFCL).
Apart from tax deductions, taking a home loan means you need to do an exact analysis of what you can afford. One must consider important factors like quantum of loan, flexibility of loan disbursements, prepayment clause, etc, before applying for a home loan. Some banks also provide OD (Over Draft) facility on a home loan product. They also give a loan topup facility after 12 months of regular EMI payments for general purposes.

Friday, November 17, 2017

PMRDA to study feasibility of Pune-Mumbai Hyperloop route

Pune: The Pune Metropolitan Region Development Authority (PMRDA) has signed a memorandum of understanding with Los Angeles-based Virgin Hyperloop One to conduct a feasibility study of developing a Pune-Mumbai route. The report will be readied in six weeks.
Hyperloop is a cutting-edge mode of transport, which carries passengers and freight in pods via electro magnetic propulsion through a low-pressure tube. The medium is a fast, direct-to-destination transport mode that can achieve speeds of up to 1,080 kmph. The Hyperloop is also stated to be cost-effective, efficient, safe and reliable.
In short, a person can travel from Pune to Mumbai in 14 minutes. The 100km route would cost about Rs26,000 crore.
“The per km cost of development (Rs260 crore) is lower than the cost of an underground metro (Rs750 crore),” said Nick Earle, VHO senior vice-president.
On Wednesday, the PMRDA and VHO signed the MoU in the presence of chief minister Devendra Fadnavis.
VHO will work with its partners in the region and the PMRDA will help navigate regulatory requirements and support the report with data gleaned from the departments concerned. The preliminary study is intended to analyse the benefits of hyperloop technology, identify high priority routes and socio-economic benefits, and inform the government of any decision to progress to full project stage.
“If this route is found feasible, it will be the first in the country as others done for Andhra Pradesh and Chennai have not worked out. We are looking at connectivity to the three airports which will make the route viable,” stated PMRDA chief Kiran Gitte.
“Hyperloop will help connect the metropolitan regions of Mumbai and Pune, transforming the two cities into India’s first megapolis,” Fadnavis said.
The technology is in its nascent stage the world over. The world’s first full-scale hyperloop test site was developed in Las Vegas, while projects are underway in the Netherlands, Abu Dhabi to Dubai, and Stockholm to Helsinki.

Saturday, November 11, 2017

Rental Tales:

LET’S TALK BUSINESS

According to a recent research, some of the key office micro-markets in Bengaluru, Chennai, Hyderabad and Pune witnessed highest rental growth in 2017

As the office demand continued to intensify in Q2 2017, an upward pressure on rental values was observed in a few micro-markets across India. A high rental growth was seen mostly in south cities like Bengaluru, Chennai and Hyderabad where y-o-y change ranged between 8-17 per cent at some locations. Hence, according to Colliers Research, the top eight office micro-markets that witnessed the highest rental growth in 2017 are as follows:
Bengaluru - CBD
Bengaluru CBD micro-market has always been the first preference of BFSI and IT occupiers primarily due to its connectivity and prime location. In spite of having limited availability of office spaces and supply, the micromarket has witnessed 17 per cent y-o-y rental appreciation.
Chennai - Off CBD
This micro-market, which is predominantly an IT market has observed 13 per cent y-o-y rental growth. Apart from IT and BFSI, consulting companies have their setup in Guindy, MRC Nagar and Saligramam. In Q2 2017, Chennai Office CBD micro-market accounted for 16 per cent of total absorption.
Pune - Hadapsar/ Fursungi
Hadapsar market is emerging due to some notifying projects such as Magarpatta city and other projects offering large floor spaces. This micro-market is predominantly an IT/ITeS market with residential localities in the nearby catchment area. Hadapsar market has observed 10.2 per cent y-o-y rental growth.
Pune - Kharadi
Kharadi is one of the fastest growing commercial micro-market and is rising as an IT hub. It will also witness significant amount of office spaces in the next three years. Rents in this micro-market have increased 10.1 per cent y-o-y.
Hyderabad - SBD
The SBD market in Hyderabad has prominent locations such as HiTECH City, Madhapur, Gachibowli and financial district. In Q2 2017, 89 per cent of total leasing volume was concentrated in SBD due to superior amenities and reasonable rentals compared to other cities. Rents in SBD grew by 10 per cent y-o-y.
Bengaluru - Electronic City
One of the preferred micro-markets in Bengaluru with comparatively cheaper rents than other markets of the city offering large floor spaces and superior quality office spaces, which grew by an average of 9 per cent y-o-y.
Chennai - OMR Post Toll
Increasing popularity of OMR Post Toll micro-market has shifted occupiers focus to this market and witnessed gross leasing of 33 per cent of total absorption in Q2 2017. This micro-market includes locations like Navalur, Sholinganallur and Pallavaram-Thoraipakkam Road and has observed eight per cent y-o-y rental growth.
Bengaluru - Hosur Road

This micro-market is located in the peripheral area of the city and has the potential to develop large projects due to ample land availability. Hosur Road market has witnessed 8 per cent y-o-y average rental growth.

10 FACTS ABOUT A WILL YOU MUST KNOW

Untimely deaths in a large number of households are often overshadowed by family members squabbling over inheritance. Thus, it is advised to make a valid will in one’s lifetime so as to reduce any scope of family feud over property of the deceased. Magicbricks compiled a list of 10 things that you must know before you decide to write a will:

1 Who can make a will: Any person of sound mind, who is not a minor, can make a will.
2 Who can be a legatee: A legatee is the principal beneficiary or inheritor. A minor, lunatic, a corporation, a Hindu deity and other juristic person can be a legatee. If the minor has been named as legatee by a testator, then a guardian should be appointed by the testator to manage the bequeathed property. One can make some provision for a faithful servant, a nurse or a friend in need of money.
3 Ensure it is errorfree: A valid will should clearly spell out the name of the testator, without any error in initials, spellings or any grammatical mistake, thus, leaving no scope for any interpretation.
4 Right to appoint a legatee: The testator has an absolute right to appoint any person as a legatee or beneficiary of a will.
5 Takes effect after death: A will becomes enforceable only after the death of the testator. It gives absolutely no rights to the legatee (the person who inherits) until the death of the testator.
6 Codicil: If a testator intends to make a few changes to the will, without changing the entire will, he can do so by making a codicil to the will.
7 Declaration of ‘last will’: There is no restriction on how many times a will can be made by a testator. However, only the last will made before his death is enforceable.
8 Full disclosure: To ensure that your will is not challenged in a court because of discrepancies, it is advisable to declare all moveable and immoveable properties in the legal instrument.
9 Attestation: The testator must sign the will in the presence of at least two independent witnesses, who have to certify that the testator signed the will in their presence.
10 Registration: Although it is not mandatory for a testator to register his will, it is advisable to do so.
Magicbricks Bureau

Wednesday, November 1, 2017

Real estate investment in 6 top cities doubles to $2.87 billion

NEW DELHI: 
Real estate investment in India's six major cities doubled to $2.87 billion in the year ended June 2017 as Mumbai attracted maximum capital and was ranked 81st globally, according to Cushman & Wakefield report.
"India received a total real estate investment of $2.87 billion in the six cities - Mumbai, Bengaluru, Pune, Delhi-NCR, Chennai and Hyderabad - which was an increase of 100 per cent," the property consultant said.

These six cities were able to attract capital because of strong economic drivers, acceleration in reforms, high yields and rapidly modernising business base.
"Mumbai recorded real estate investments of $1,749 million, placing it on 81st position in global survey ranking cities by their success at attracting capital," C&W said.
Mumbai was ranked 149th out of about 400 metros globally in the last year ranking.
Out of the total real estate investment received by six cities, the report said the largest share of over 55 per cent came in from North America.
Funds from Europe contributed about 14 per cent, while domestic and regional sources saw a decline in share of capital invested in India.

"Current economic drivers are biased towards developed markets, but Indian cities are performing ahead of expectations and are clearly offering superior medium to long term growth potential in real estate," said Anshul Jain, Country Head & Managing Director, India Cushman & Wakefield.
Jain said that although established markets of Mumbai, Bengaluru and Delhi NCR have seen the larger share of capital investments, cities such as Chennai, Hyderabad and Pune are also key destinations being manufacturing hub for automobiles, engineering goods, white goods, pharmaceutical products, etc.

The country's current economic position and political stability have been instrumental in creating better investment environment, the consultant said, adding that the positive changes in the legislative environment has ensured that the invested capital is safeguarded.
According to the report, Mumbai was placed number one by growth amongst the gateways cities with a 194 per cent rise from the previous year. Only Pune outshines Mumbai in terms of investment growth at 285 per cent.

The report 'Winning in Growth Cities' that surveys over 400 global locations, also places Bengaluru at 161 position with total real estate investment volume of $461 million.
"The global property investment market saw volumes rise 4 per cent year-on-year to $1.5 trillion in a one year period ending June 2017. The rise compared to the previous 12 months reflects improving sentiment in 2017," C&W said.
New York ($51 billion) remained the top city in the survey followed by Los Angeles ($39 billion) and San Francisco ($32 billion).
In Asia, Hong Kong (global rank 8) received the highest volume of investment at $18.4 billion.

India jumps 30 ranks in 1 yr on ease of doing business

Nov 01 2017 : The Times of India (Pune)
New Delhi
TIMES NEWS NETWORK


Now Among 5 Most Improved Countries: WB
India today is a substantially easier place to do business than it was a year ago, the World Bank's Doing Business 2018 report said on Tuesday . The 15th edition of its annual study that rates 190 countries on ease of starting and running businesses placed India at 100, 30 ranks higher than last year.India's business environment improved at the fifth fastest pace in the world in the past 12 months, though it still ranks lower than other large emerging economies like China, Russia and South Africa. Thailand, Malaysia and Indonesia too are ranked higher than India. Among the top improvers, India implemented the maximum reforms after Brunei Darussa lam, the WB study said.
“It has never been easier to do business in India,“ PM Narendra Modi tweeted after the report was out. Pleased with the World Bank study saying that India has become a much easier place to do business, PM Modi tweeted, “India welcomes the world to explore economic opportunities our nation has to offer...Over the last three years, we have seen a spirit of positive competition among states towards making business easier.“
He promised to take steps to further improve the ranking.
Soon after coming into office in 2014, Modi had set an ambitious target of being among the top 50 countries in the Bank's ranking in three years. “That is doable and we will work on that with greater force,“ finance minister Arun Jaitley told a press conference on Tuesday , referring to the PM's target.
The rankings will offer some respite to the Modi government which has been attacked by political rivals, led by the Congress, for making it difficult for small businesses to stay afloat after demonetisation and introduction of GST. The World Bank study showed that India had made significant gains on eight of the 10 parameters that underlie a country's rank. Paying taxes and resolving insolvency were areas where the maximum progress was made.
“The focus is on rolling out the red carpet for entrepreneurs. The ranking shows reforms are contributing to India closing the gap with the world's best on almost all indicators.We are committed to maintaining the momentum to ensure that India makes it to the top 50 in the next two-three years,“ said Niti Aayog CEO Amitabh Kant.

Sunday, October 8, 2017

Singapore model for new airport, metropolitan area, says Fadnavis

Oct 08 2017 : The Times of India (Pune)
Pune:
TIMES NEWS NETWORK


The proposed Pune international airport at Purandar will collaborate with Singapore's Changi Airport while planning for the Pune metropolitan region will receive a boost with help from a Singapore consortium, which helped in the development of Andhra Pradesh's capital Amravati, chief minister Devendra Fadnavis said after inaugurating the new collectorate building in the city on Saturday .Having recently met the Singapore authorities, Fadnavis stated that Changi Airport International Ltd has agreed to speed up assistance for Pune airport with an MoU signed between the two authorities.
“Changi airport is the best in the world and has bagged many awards. Their collaboration will definitely boost the proposed airport,'' stated the chief minister.Singapore based AscendasSingbridge and Semcorp Development, which had formed a consortium for development of Amravati, will help in planning for Pune metropolitan region. “Their assistance will give a big boost to the region. Plans have been made for development of not only the city but also the outskirts,'' he said.
Inaugurating the Rs 66.30crore new collectorate building, the CM said that with the new building, a new work culture emphasizing good go vernance would also set in.
He asked government staff to overcome the crisis of credibility and reach out to people. “The green building with its many features of being fire proof, earthquake resistant and many other features will just be another buil ding if government employees do not reach out to people,'' he said. Asking government servants to follow Pune divisional Commissioner Chandrakant Dalvi's model of clearance of files, he said that it was time that officials follow “Piece“, which means positi vity, initiative, energy, commitment and emotions for good governance.
With more than Rs 13 crore needed for completion of DPDC hall and furniture work ,the CM assured that the state government will disburse funds in time.
GR for zero pendency model
The CM said a GR will be issued to implement the zero pendency model of good governance for the entire state. He said general administration department (GAD) will issue a GR shortly in this regard, which will ensure timely clearance of files from government office.
Revenue minister Chandrakant Patil said following the construction of the new collectorate building, it will be ensured that all offices under the collectorate in rural areas will be constructed on these lines and 1,500 LEDs will be used in all offices to save electricity.
CM calls for collective efforts
The chief minister on Saturday said the state legislature, judiciary and people have to put in a collective effort for environment protection. He was speaking at a regional conference `Environment -2017'. He said, “Environment laws must be implemented strictly. Decisions given by Supreme Court, high court and National Green Tribunal are vital“.
He said sustainable development and environment conservation go together and judiciary can play a major role in guiding the future course of action.

Tuesday, October 3, 2017

Godrej Properties inks pact to develop 59-acre residential project in Pune


The site is strategically located just off the Mumbai - Pune expressway and very close to prime commercial centers such as Wakad, Hinjawadi, and the automobile hub at Pimpri ChinchwadMUMBAI: Realty developer Godrej Properties has entered a partnership to develop a residential project on around 59 acres at Mamurdi in Pune. The project will offer nearly 4.5 million sq ft of saleable area, the company said in a release.“We are happy to add this large new project in Pune which is a critical growth market for us. This fits with our strategy of deepening our presence across the country's leading real estate markets," said Pirojsha Godrej, Executive Chairman, Godrej Properties.The site is strategically located just off the Mumbai - Pune expressway and very close to prime commercial centers such as Wakad, Hinjawadi, and the automobile hub at Pimpri Chinchwad. It is situated behind the MCA stadium and is well connected to the social infrastructure at West Pune.

Sunday, September 24, 2017

Potential Areas for Real Estate Investment in PUNE, Maharashtra

Dear Readers/Prospective buyers/ Investors,
Thought to share my mentioned below correspondence about potential areas for real estate investment in pune which may be useful for you to take best decision to invest in PUNE city.


Dear Mr. ,

Greetings to you and many thanks for your phone calls few days before and just now also about your interest to invest in pune. 

Thanks to Ms.......  who has referred you to us, still wish to introduce our company THE GURU REALTY run by me Deepak Sundrani" as an Estate Consultant operating & working Real Estate Consultancy Company in Pune City, Maharashtra since last 10 years & having partner in Dubai, UAE and already marketed & sold projects of many renowned Developers.

We are core into real estate services and providing assistance to all requirements related to real estate i.e. Buying-selling, leasing – renting & property management professionally to all our clients be it corporates, individual clients or Nri’s investors.

*About our detailed Profile & professional activities: you can visit 
Weblog Site http://punerealestate-deepak.blogspot.com (i write articles related to real estate)

We do lot of market research before offering any property and it would be a great pleasure if we can assist finding you right, suitable property for you. 

Reg. your investment requirement: noted, well your investment requirements & Budget and will surely offer you available opportunity accordingly however still it's important that let us inform you that which area of pune will have great potential to give returns and growing very fast currently as follows:

East Pune: consists kalyani nagar, viman nagar, kharadi, magarpatta &  wagholi: this belt of these areas are having names already existing like Hyatt hotels - 2 nos., four point shereton, novotel, redission, columbia asia hospital, pune's only airport, shopping malls like phonix & inorbit, Eon IT park (Infotech park) and coming up WTC (world trade centre) & Trump Tower (Donald trump US venture), these are few renowned names in the small stretch of 4-7 km which makes these areas very very hot for investment. 

West Pune: consists most happening area of "Hinjewadi" which is surrounded by huge IT parks having worlds best renowned names already operational and till date, there were only commercial developments so there is good potential for investing in residential and great future ahead.

South Pune: Consists of NIBM, Undri, Wanwadi, very near to pune's centre of MG road & cantonment area & railway station, this location is surrounded with pune's finest schools names like DPS (Delhi public school), Bishops, Vibgyor, sunskruti, EURO & colleges engineering & management colleges, having very easy connectivity to Pune - Mumbai-goa-bagalore expressway, equally distant to IT parks Magarpatta & Shaporjee pallonjee IBM campus. there is recent development of coming up INTERNATIONAL AIRPORT which will be nearest to south pune to reach so this area will have great great potential of investment returns.

All above locations are great for investment in pune, the price of all above locations varies but you will surely get different configurations Residential / Commercial on all above areas and as per your choice you can opt for the options, if you are interested, can send you specific project detail which are in early stages of constructions however also suggest that if you can pay visit for few days like 2-3 days then can show you all these areas and accordingly you can book the property or you can also decide online by going through the projects and make online bank payment to the developer account directly. all these options are chosen by our clients regularly as per their convenience...

we again assure you that for us, the most important thing is that we find for you best opportunity available to get maximum returns as mostly our clients are away and they need complete property management done by us which involves many activities like managing, renting and at last selling the property in future and the relation build for life time only.

If you are interested, will send you separate email soon with projects summery to discuss in detail accordingly...

Thanks & Regards,
Deepak Sundrani,
The Guru Realty,
RERA CERTIFICATE NO. A52100002438
Member NAR - INDIA (National Association of Realtors - India)
Member ICREA (International Consortium of Real Estate Associations)
Member of EAAP (The Estate Agents' Association of Pune)
Shop No. D-110, Ground Floor,
Megacentre,
Behind Noble Hospital,
Hadapsar sholapur highway,
Near Magarpatta IT park, 
 Pune - 411028, Maharashtra,
India.
Tel/Fax: +91-20-30401206
Mobile: +91- 9822052388         
Email: deepaksundrani@thegururealty.com
To View my complete profile and Know Latest Real Estate News Visit to Website 
-----------------------------------------------------------

Wednesday, September 13, 2017

SECOND TIME'S A CHARM

Sep 02 2017 : The Times of India (Pune)


Real estate has always been a safe and risk-free investment option. If you have saved enough money, invest in a second home and get handsome returns in the future
Tax breaks: If you invest in a second home, there are multiple tax benefits that you can avail of. One of the major advantages is the interest payment benefits that you are claiming for your first home.However, in the General Budget for 2017-18, the union government decided to cap tax benefits on the purchase of a second home.This may deter people to use real estate as an instrument to save tax.Till now, if one bought a second house by taking a loan, the interest of the loan was treated as an expenditure to acquire the asset.Therefore, the entire interest payment, minus the rental income from the property, could be deducted from the buyer's gross earnings.Safe retreat: Developers are offering retirement homes with guaranteed rental income. The biggest advantage, if they are holiday homes, is that they can be leased out during tourist seasons to earn profits.Additional income source: If you have invested in a second home, it will turn out to be an additional source of income and you will receive steady income every month for the rest of your life.Renting out to corporate offices: You may also rent out your second home to corporate houses, which will assure you a regular income. With corporates looking at houses for accommodating their employees, you can consider leasing out your second home to companies as well.
10 reasons for investing in a second home
1 It is best to make higher down-payments for your second home as these loans are usually taken later in life and might be a hindrance during your years to retirement.
2 This is because in your 50s you might have major financial commitments like your child's higher education and marriage and the EMI could become a burden at that point of time.
3 Another fact is that most banks require home loans to be closed by the time you retire, even if the tenure of the loan is longer.
4 For example, most banks' home loan terms state that the maximum loan term is 20 years or retirement age of the borrower, whichever is earlier.
5 The most important point to look at is your EMI to income ratio. This can affect your desired loan tenure.
6 Banks look at this ratio before granting loans. This ratio reveals the percentage of your monthly income that you spend for meeting your total debt payments. This ratio should not exceed 50 per cent.
7 Some institutions consider 60 per cent as the limit, but for that your monthly income needs to be higher than Rs 1.5 lakh. Banks also look at your bank statements to ascertain that you have enough surplus funds on hand.
8 It is also a preferred investment option for NRIs.
9 If you invest in a commercial property, you will be getting a regular income. Same is the case if you buy a house for investment purposes.
10 Second home also lends a status symbol.

Wednesday, September 6, 2017

HOME BUYING MYTHS BUSTED!

Sep 02 2017 : The Times of India (Pune)
ANURADHA RAMAMIRTHAM Timesproperty

Planning to buy a home but apprehensive about taking the plunge? Fret not, as we bust a few home-buying myths
Buying a home is one of the biggest decisions a person makes in his lifetime.
Hence, we are bound to be extra cautious and many a times, get entangled in unnecessary conjectures, which more often than not can be detrimental and delay the decision-making process. Here are a few home-buying myths that we bust for you, so that you can go ahead and take the plunge.

MYTH: GST has made home-buying complicated
FACT: GST has subsumed all the indirect taxes and hence, made it easier for potential home-buyers. Earlier, due to information asymmetry, consumers were largely unaware of how VAT and service tax were calculated definitely, the entire tax calculation was too complex for lay people to understand. But now, the math is simple under-construction properties will be charged at 12 per cent (excluding stamp duty and registration charges) and no GST is applicable on ready-to-move-in homes.

MYTH: Subsidy on home loan under PMAY is not available for adult-earning members staying with parents (who already have their own home)
FACT: Under CLSS (Credit Linked Subsidy Scheme) for EWSLIGMIG I and II households, an adult earning member of the family, irrespective of the marital status, is considered as a separate household.“The person is eligible for home loan subsidy, provided he/she does not already own a pucca house under his/her name and is eligible as per the norms specified in the scheme guidelines,“ says Kalpesh Dave, head corporate planning and strategy, Aspire Home Finance Corporation Ltd.

MYTH: RERA covers all real estate projects
FACT: RERA covers only those projects that are either 500 square meters or have eight units or more. It is also applicable only to projects for `sale' and it does not cover lease agreements, redevelopment projects and projects, which have received a CC. “The only exceptions are leases that extend over a 90-year period or leases that have the same benefits of sale rights,“ says Sachin Sandhir, global managing director ­ emerging business, RICS. RERA doesn't cover projects that have received a completion certificate before commencement of the Act and projects consisting of renovation repairre-development (that do not consist of new allotment of any apartment plot).

MYTH: Developers shy away from affordable housing
FACT: The slowdown in sales in the premium segment of the market and the government's focus on affordable housing have made developers look at budget homes with a positive intent. Also, since there has been a historic deficit of affordable housing projects, a move like this makes eminent business sense.

MYTH: Renting is better than buying
FACT: “If you are sure of the city that you would be living in, buying your own home is a better option due to the appreciating property prices. It is always better to pay EMIs over monthly rents,“ says Bipin Kumar Singh, a home-owner.

MYTH: Monsoon is not the right time to invest
FACT: “If you are looking at a resale property, then monsoons are an ideal time to visit the property site and invest, as one can gauge the pain-points in the apartments like seepage, water logging, etc, which can help you take an informed call,“ says Ramkumar KM, a home-owner.

MYTH: Metros are still the best places to invest
FACT: “A fundamental real estate investment mantra is that emerging localities are preferable to established and often saturated ones,“ says Anuj Puri, chairman, ANAROCK Property Consultants.

Friday, September 1, 2017

FREE OR LEASEHOLD - WHAT SAY!

Sep 02 2017 : The Times of India (Pune)


When purchasing a property, ensure that you make an informed choice. Ask yourself, is it a leasehold or freehold property?
While buying or investing one's hard-earned money in the real estate sector, it is prudent for the buyer to ascertain whether the property is freehold or leasehold. While both have their pros and cons, the onus lies on the buyer to understand the nuances of the same. Devendra Garg, an advocate, informs, “The main difference between a freehold and leasehold property is the land ownership and control. Normally, people prefer to buy a freehold property (house, flat, land, shop or other types) because the owner has undisputed right in the title of property. As per the law, the owner of a freehold property can transfer or sell the ownership of the property to anyone.Also, through registration of the property by the sale deed, one can either sell it or buy freehold property. On the other hand, leasehold property owners have limitations to the use of property.“Prateek Agarwal, a home-owner, says, “If you buy a freehold property, you're responsible for maintaining your property and the land, so you'll need to budget in for these costs. You don't have to worry about the lease running out, as you own the property outright.“

Shapoorji Pallonji Real Estate to launch six projects in FY18

Under the agreement, the partnership will invest about USD 250 million, which will be used primarily for buying land and setting up initial infrastructure.


Shapoorji Pallonji Real Estate to launch six projects in FY18MUMBAI: Diversified Shapoorji Pallonji group's real estate arm is lining up at least six projects across the country in 2017-18, with two in the affordable housing segment, a senior company official said.

"We plan to launch at least six projects this financial year. Out of these, we would be developing two projects under our 'Joyville' brand to build affordable homes," Shapoorji Pallonji Real Estate Chief Executive Venkatesh Gopalakrishnan told PTI here.

Of the six, 2-3 projects are being planned to come up in the megapolis, two in Pune and one in the National Capital Region (NCR), he said, adding that the company already has 40 million sq ft land bank across the country.

"We will be officially launching our affordable housing project in Virar by September-October. The second project under the Joyville brand at Hinjewadi in Pune will be launched by March 2018," Gopalakrishnan said.

The SP Group entered the affordable housing segment last year by joining hands with Standard Chartered Private EquityInternational Finance Corporation (IFC), an arm of the World Bank, and the Asian Development Bank (ADB).

Under the agreement, the partnership will invest about USD 250 million, which will be used primarily for buying land and setting up initial infrastructure.

The company launched its first project under the brand Joyville at Howrah near Kolkata.

Asked whether the company is looking to raise funds for these projects, he said, "We already have the land, so the funds would be raised on project to project basis. This would be mainly through debt."

About the impact of the new Real Estate Regulatory Act (RERA) and the Goods and Services Tax (GST), he said there will be certain teething issues in the beginning, but then developers will have to adapt to the change.

"As per the RERA, we have registered five ongoing projects, with four in Maharashtra and one in Bengaluru where the rules are out. We have projects in West Bengal and the north, but the rules there are not yet out," Gopalakrishnan added.