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

Chennai, Pune and Delhi NCR have been in the pole positions in 2020, with nearly 3/4th of the total leased manufacturing absorption, according to the report. NEW DELHI: While historically, large & medium scale manufacturers usually opted to buy land and build their factories, the concept of 'leased manufacturing spaces' has been gaining strength in the country over the years. Demand for leased manufacturing spaces has gained strength in 2020 with gross absorption of 6.6 million sq ft in top eight cities, according to a recent report by JLL India. Leased manufacturing spaces mean leases of built spaces (on monthly rentals) used for assembling and light manufacturing activities. "Built manufacturing spaces for leasing offers several advantages to faster entry in high-end/globally comparable specifications, captal expenditure to operating expense conversion, easy approvals for many sectors, etc. Additionally, incentives are available under several buckets for manufacturin

The reduction is likely to result in around 7% reduction in all-in prices in Mumbai. The all-in prices in the rest of the state are likely to decline by about 2.8% and the overall impact on demand is likely to be correspondingly lower. After Maharashtra cabinet recently approved 50% reduction in premium for real estate projects under the new Development Control and Promotion Regulations (DCPR) rule 2034 across the board for on-going and new projects upto December 31, 2021, the biggest question all buyers are asking is how much exactly are they going to save? According to India Ratings and Research (Ind-Ra), the reduction is likely to result in around 7% reduction in all-in prices in Mumbai. The all-in prices in the rest of the state are likely to decline by about 2.8% and the overall impact on demand is likely to be correspondingly lower. Example || Let us say a flat had a cost of construction (including land) of Rs 100. The buyer would have paid Rs 125 for the flat after accounting f

MUMBAI: Radhakishan Damani, billionaire investor and founding father of DMart, is set to acquire an 8-acre land parcel in Thane from Mondelez India, previously Cadbury India, for almost Rs 250 crore, mentioned three individuals with direct data of the event. The plot is positioned at Pokharan Road 1, a key locality of Thane, and will likely be bought by his household workplace, they mentioned. The plot is estimated to have a complete growth potential of almost 1 million sq ft given present growth laws. “The deal is at a fairly advanced stage and is expected to be concluded anytime soon,” mentioned one of many individuals. “The plot is likely to see development of a mixed-use project with some high-street retail given its proximity to an upcoming metro station, while the balance is residential.” Damani’s household workplace is alleged to be at the moment enterprise due diligence. It couldn’t be ascertained if he’s planning to develop the plot on his personal or with a developer. Accordi

Property Tax Property tax is the amount that is paid by the land owner to the municipal corporation or the local government for his/her area. The tax must be paid every year. Property, office buildings, and residential homes that are rented out to third parties are considered as real estate assets. Property tax is charged by the government on all tangible real estate that an individual owns. These real estate assets could include residential homes, office buildings and premises rented out to third parties. What is Property Tax? Taxes are the primary source of income for a government, with the taxes earned dictating the resources available to citizens. Every property is an asset which is taxable, and the property tax is an annual amount paid by a property/land owner to the government. This tax could be paid either to the local state government or Municipal Corporation, depending on government policies. The word “property” in this context refers to all tangible real estate under the owne

Property registrations in Mumbai, India’s biggest real estate market, registered a surge in December as a rush ensued among homebuyers amid all-time low home loan rates, attractive price discounts and reduction Mumbai: Property registrations in Mumbai, India’s biggest real estate market, registered a surge in December as a rush ensued among homebuyers amid all-time low home loan rates, attractive price discounts and reduction in stamp duty charges. Mumbai and Pune markets led the revival in residential property sales as well as new launches in the second half of the year, says Knight Frank India. While all India residential sales saw a quarter-on-quarter (QoQ) rise of 84%, Mumbai (193%) and Pune (143%) recorded higher than average QoQ growth, it said. Registration of residential sales in the country’s financial capital rose 192% from a year ago in December so far to 18,794 deals. Reputed developers witnessed heightened sales in 3QFY21 with housing sales in the country's biggest pro