Consultation India - Pune, Mumbai Real Estate/ Properties Investment, Property Management Services

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 savi

ASSESS YOUR FINANCIAL HEALTH AMIT SETHI  TIMESPROPERTY 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 individu

THE LOAN THEORY AMIT SETHI TIMESPROPERTY 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,

A CLASS APART KANCHAN.GOGATE (COURTESY: ANAROCK PROPERTY CONSULTANTS) 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, whi

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 AMIT SETHI 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 rat

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 pa

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 obser

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: SHAVETA DUA 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 gramm

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 p

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 muc