Posts

Showing posts from 2023

Ready Reckoner (Circle Rate) rates to be available online in Maharashtra state cities of mumbai, pune etc.

Image
Just by the click of a button and sitting in the comfort of your homes, you can soon access the ready reckoner rates of any government or private lands in any city or village in Maharashtra.  The Department of  Registration and stamps has developed ‘Jio portal’.  As per information, 22 districts including Pune, 400 municipal corporations have uploaded the data so far.  This facility will start from January 2024. As a result, citizens will get to know the re-calculator of land in different areas of different cities at a ‘click’ from their homes. What is ‘Ready Reckoner’? Also known as the circle rate , the ready reckoner rate is the minimum value at which a property transaction takes place. These charges are announced every year on March 31 by the regulatory authority of the State to ensure property transactions at uniform rates. it's fixed price of a land as per the government. The state government has the power to determine the ‘Ready Reckoner’. It fixes the rates of ‘ready reckon

Delighted Succeeding MAHARERA Exam for Real Estate Agents & sharing importance about RERA ACT

Image
Dear Friends, I am delighted to share that i am one of the candidate got passed the compulsory Maharera examination for Real estate Agents to offer, advertise & market all real estate projects in Maharashtra state, India and glad that able to get 134th rank out of 2812 passing candidates. further, wish to admit that although i am into real estate industry for almost 2 decades still it was really a knowledgeable training sessions where learnt a lot about specifics of RERA Act (Real estate Regulation & Development Act) which has been implemented in many states of India to bring transparency, accountability in Real estate sector for all stakeholders ie. Allotte (Purchaser), Promoter (Builder) & Real Estate Agent.  MAHARERA currently covers all underconstrution projects in all cities of Maharashtra including Mumbai, Pune, Nagpur, Nasik etc....  This examination along with training will regulate & bring professionalism in real estate sector. Would also like to reco

VIMAN NAGAR, PUNE: SUMMERY OF UNDER-CONSTRUCTION RESIDENTIAL PROJECTS as on 27-06-2023

Image
Greetings Friends,  I am going to start new series of sharing summary of underconstruction/ready possession projects in prime localities of Mumbai, Pune & other major cities which will surely help a lot to prospective buyers & investors to choose best available option. this is my one of such post, more will follow after it. PUNE: VIMAN NAGAR Viman means plane(aircraft) in local language itself suggest that this viman nagar location is very near to Pune's only Airport which makes this location very attractive & happening place,  Viman nagar constitutes the eastern necklace of the city along with Koregaon Park and Kalyani Nagar. The vibrant Viman Nagar is strewn with plush residential complexes, bustling corporate offices, fine-dining restaurants, and glitzy shopping malls. The locality enjoys easy accessibility to work, leisure.  Viman nagar is also famous for many other reasons like top education campuses of symbiosis management & law colleges, pune's largest sh

KOREGAON PARK & KALYANI NAGAR, PUNE: SUMMERY OF UNDER-CONSTRUCTION RESIDENTIAL PROJECTS.

Image
Greetings Friends,  I am going to start new series of sharing summary of underconstruction/ready possession projects in prime localities of Mumbai, Pune & other major cities which will surely help a lot to prospective buyers & investors to choose best available option. this is my one of such post, more will follow after it. PUNE: KOREGAON PARK & KALYANI NAGAR it's only a one bridge which separate these two superb premium central locations of pune. Both koregaon park & kalyani nagar are having best of everything likes schools, hospitals, five star hotels, shopping malls, easy transport, pune airport.  still so lush green that many 100 years old trees are still standing tall, glimpse of old charm of pune.  and at the same time, many eateries, cafe's, pubs, muliticuisine restaurants & night clubs to let enjoy life by every ages of people. It is also a destination for art and music enthusiasts in the city with many art galleries in the vicinity. many huge bunglo

MAGARPATTA, PUNE: SUMMERY OF UNDER-CONSTRUCTION RESIDENTIAL PROJECTS as on 27-06-2023

Image
Greetings Friends,  I am going to start new series of sharing summary of underconstruction/ready possession projects in prime localities of Mumbai, Pune & other major cities which will surely help a lot to prospective buyers & investors to choose best available option. this is my first such post, more will follow after it. PUNE: MAGARPATTA CITY & NEAR BY LOCATION Spread over 430 acres, Magarpatta City, privately owned gated community in the Hadapsar area of Pune, India. is a centre of all developments and growth in that location. A city within a city, Magarpatta City is home to a commercial zone, residential neighbourhoods, two schools, a multi speciality hospital, a shopping mall, multiple restaurants, a gymkhana and a large 25 acre serene park called Aditi Garden. All this is complemented by a verdant environment and a pollution free ambience - a supreme setting for life and business.  MAGARPATTA IT PARK: Pune's Magarpatta city and near by areas are one of the best ce

Difference between Agreement of Sale and Sale Deed

Image
Difference between agreement of sale and sale deed Dear Readers, The above ownership documents are the most basic and essential part of any real estate buying-selling transaction in Maharashtra which is one of the most important states of India including cities like Mumbai (Business Hub), Pune (IT Hub), Nagpur, Nasik, etc. Having GDP of more than 400 Billon dollars makes this State one of the best investment destinations. Please note that “Agreement of Sale” also called “Sale Agreement“ Sale Agreement / Sale Deed : Most people think that both of these property ownership documents are the same however both are quite different significantly in legal meaning. Now, you may find several articles on the above subject with a lot of technical information & jargon, still I thought to write on this topic trying to write in very simple language which will be easily understandable to an ordinary person because recently one of my NRI clients whose property is on sale asked me to explain the dif

PUNE: PMC announces 40 percent Discount on property tax Self used properties.

Image
PUNE: PMC announces 40 percent Discount on property tax Self used properties. Pune Property Owners Rejoice As Government Approves 40% Discount In Property Tax. Pune, 19th April 2023: In a major relief for property owners in Pune, the Maharashtra cabinet has approved a 40 percent discount in property tax for those who use their property for their own residence. The news of 40 percent rebate in property tax being reinstated has brought cheer among the self used property holders in Pune city. Also the Pune Municipal Corporation (PMC) has recently made the process of getting a 40% discount in property tax easier for citizens. This move comes after the Maharashtra state government decided to reinstate the discount that was withdrawn in 2019, which had caused public outcry. The PMC has made the PT3 application form available on its website, which citizens can print out and submit to the Property Inspector at the concerned zonal offices or civic facility centers. This waives the earlier requi