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Showing posts from September, 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

SECOND TIME'S A CHARM

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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

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

FREE OR LEASEHOLD - WHAT SAY!

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Sep 02 2017 : The Times of India (Pune) Sanjay Gupta Times property   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 freehol

Shapoorji Pallonji Real Estate to launch six projects in FY18

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Under the agreement, the partnership will invest about USD 250 million, which will be used primarily for buying land and setting up initial infrastructure. PTI    |   August 21, 2017, 08:10 IST  Newsletter A   A   in Share 1   MUMBAI: 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 la

Buying property? Go for RERA-registered projects

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As 20 projects across the state are registered with the RERA, technically speaking, only 20 projects can sell properties. Ankur Sirothia   |   TNN   |   August 20, 2017, 10:05 IST  Newsletter A   A   in Share 7   BHOPAL: Think twice before buying property, if a real estate project is not registered with the  Real Estate Regulatory Authority  ( RERA ). Chances are a deal with a developer can pretty well land you in trouble. The regulatory body formed in the state from May 1 with the stated objective for saving buyers from being taken for a ride had set July 31 as a deadline for the project registration. And any project not registered till that date with the authority will be deemed as illegal. As 20 projects across the state are registered with the RERA, technically speaking, only 20 projects can sell properties. As per the RERA, projects with completion certificate by April 30 or 20 projects in question registered with the RERA can lawfully sale property