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

Pune, The residential market has altered Pune's landscape and changed the city's dynamics. The IT boom and the skilled workforce that this boom has attracted have resulted in the city being one of the most sought-after real estate destinations in the country.

Dear Readers, As Traffic situation is getting worse everyday on Hinjewadi flyover which connects wakad to Hinjewadi IT park, just upon Mumbai - pune expressway. many are looking for Residential options to stay inside Hinjewadi so There is good news that some very good opportunities have come to invest or stay just touching to it park first time as till date,

Wagholi, I recently visited and found that the location rapidly transforming with various developments makes it not only great investment destination but also for end users who are looking for affordable houses with all modern amenities.

  Luxury homes starting from 3100 sq.ft. to 5500 sq.ft.  Price Range start from 4.50 Cr. to 7 Cr. To book an appointment or for an callback (9822052388)  email at (deepaksundrani@gmail.com)

Question: Hello Deepak,  I got your mail contact from your blog, I am not sure about how your engagements with clients work. I am looking for buying a house in Pune for Investment purposes. I will currently living in Amsterdam- Netherlands and  need the possesion sometime in 2016 or maybe a year later, so looking for something which is in pre-launch  phase or just starting up  Please let me know if you have any ideas of what properties I can look into based on my criteria Thanking in Advance Regards, Answer:

Dear all, We have with us the below given commercial properties for sale / lease.

Local government in  Maharashtra  State follows the general structure of  Local Governance in India  and is broadly classified into two categories: Urban Local Governance and Rural Local Governance.

Greetings to you.. Reg. Investment offers in Pune's most happening location of Viman Nagar & Kharadi: herewith sharing brief of some wonderful investment offers available as follows:

What is TDS on property? The Finance Bill 2013 has proposed that purchaser of an immovable property (other than rural agricultural land) worth Rs 50 lakh or more is required to pay withholding tax at the rate of 1% from the consideration payable to a resident transferor

yoopune by Philippe Starck, India’s first internationally branded residences, is design genius Philippe Starck’s entry in India.

Pune: Dear Readers, Greetings to all, from last few days, was thinking to write article on topic of bank finance, ultimately got time.It's been many years of estate consultancy experience in Pune, India which has encouraged me to share something very useful opinion about Bank Finance for buying properties as it's not only for enduser but also great for investors point of view.

Dear Readers, Wishing you and all of your family & freinds a very happy & wonderful new year 2014. enjoy every moment of life as it's precious and invaluable, from Deepak sundrani & family, Pune.

SUMMARY Qatar Investment Authority is in talks to invest $200 million in residential property in India.

MUMBAI: Realty developer Lodha Group is looking at buying more properties in central London after picking up MacDonald House from the Canadian Government in the city for over 300 million pounds or Rs 3,000 crore.

GENERAL What is TDS on property? The Finance Bill 2013 has proposed that purchaser of an immovable property (other than rural agricultural land) worth Rs 50 lakh or more is required to pay withholding tax at the rate of 1% from the consideration payable to a resident transferor

Hi, Good day to readers, Again thought something interesting about sharing information regarding very useful tv programmes based upon Indian Property and real estate market on indian television channels currently going on....these programmes are very informative and provide solution from real estate experts and related issues of tax provisions which are really very important to understand and hope it will be great help to all, here is list of TV Channels, Programmes and telecast timing IST (indian standard time) as follows:

NEW DELHI: Government today came up with draft rules to implement the Land Acquisition Act with a focus on consent and social impact assessment to ensure that the rights of the farmers are protected when the land is acquired.

Available 4, 5 & 6 BHK Spacious APARTMENTS and podium level villas in grand project of Panchshil towers. 

Project types: Residential, Commercial, SRA, Redevelopment, etc. projects in any part of the world

Hi,  Would like to inform that have got sale proposal of full one building  of 1BHK Apartments at very prime location of Viman Nagar, Pune.

As a concept, panic or safe rooms date back to ancient  Egypt. Inside your house, a room like this can be used to protect you and your family from harm. While some think of them as money pits to placate the fears of rich and the paranoid, modern-day panic rooms are becoming increasingly popular among those desiring security in a dangerous world. If constructed properly, they are the unparalleled in providing safety.

Available Clear Title sale deed done of 500 Acre land in the backwater of bhatgar dam, 60 km away from pune, Maharashtra, india. scenic land having water views all the year. can be ideal for Bunglow Plotting, farm house plots or township development, AICT Approved Education Institute or for the investment.

Dear Readers, Greetings..... Wish to inform that there is 4 BHK Villa for sale at most prime/prestigious location of Pune "BOAT CLUB ROAD" having frontage of 85 feet touching to the road, Plot area is Approximately 6870 Sqft. with additional 40% TDR available to load so usable area will become 9618 Sqft approximately,

NEW DELHI: The realty sector can more than double its contribution to GDP to 13 per cent by 2025 on rising housing demand, if the government removes bottlenecks in infrastructure, lowers borrowing cost and makes process of approvals shorter, global property consultant CBRE said.

NEW DELHI: The government is all set to introduce a buyer-friendly  real estate legislation which aims to protect consumers and bring transparency in the sector in the Monsoon Session of Parliament.

  Pune: from last few months, suddenly 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 30% 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 30% discount indirectly so

Dear Readers, As Traffic situation is getting worse everyday on Hinjewadi flyover which connects wakad to Hinjewadi IT park, many are looking for Residential options to stay inside Hinjewadi

The Project Concept is Highend Villas & exclusive apartments price start range from Rs. 2 Cr. to 4.5 Cr. for more detail reach me on my cell# 0091-9822052388 or email id: deepaksundrani@gmail.com

Tax Deduction at Source (TDS) on transfer of immovable properties other than agricultural land for consideration exceeding Rs.50 Lakh Finance Act, 2013 brought a new section 194-IA under TDS provisions to levy tax at the rate of 1% on the transfer of an immovable property other than Agricultural Land by any Indian Resident where the sale consideration exceeds Rs.50 lakhs. 

Dear Readers,  Greetings,  I just thought to share list of some very useful Property / Realestate related Government websites in Maharashtra & Pune, the list is as follows: 1)  www.igrmaharashtra.gov.in  

Nagar Road, Pune is a highway which has been developed very well by the government and mostly the area touching to nagar road are flourishing, Viman Nagar is such an area

CIBIL  (Credit Information Bureau India Limited) is a credit bureau that keeps a track of the credit and financial health of an individual based on the past pattern of credit usage and repayment behavior and offers this information to lenders (banks and financial institutions) for an understanding of the individuals financial stability.

Pune, India: This exclusive residential project marks the entry of one of the world’s finest luxury brands, Trump , to India. again chosen city is "PUNE". Luxury lies in the finer details. Trump Towers Pune represents

If you are still waiting to buy your first house, the budget has some good news for you. The finance minister has extended an additional benefit of Rs 1 lakh on home loans up to Rs 25 lakh for first time property buyers.

Dear Readers,  Greetings to you... Pune: Commercial spaces in kharadi where WTC is coming up: this news is sufficient to show great potential of investment opportunity and  this project is unique and only commercial project which is going to have very good rental returns because of WTC support, the expectation is around 10% return on rental income and 70-80% appreciation at the time of possession as currently sale price is low and this project is part of huge SEZ and builder name is also one of the best in india even....so all points are positives about it......... Looking forward to Capitalize and leverage the opportunity that this project provides. For more detail, reach me on my cell # +91-9822052388, Email: deepaksundrani@gmail.com

Pune: There is again an opportunity has come to invest in 1 Bhk flats at very prime location of  Hinjewadi IT park ,

Pune, Have recently visited the hadapsar area of pune which is currently developing from all side as location of hadapsar has become center to many landmark names like Magarpatta IT park,

Dear Readers, Wishing all of you very happy new year 2013. May God make every day of your wonderful & live fullest...

Pune:  Dear Readers, Greetings to all, from last few days, was thinking to write article on topic of bank finance, ultimately got time. It's been many years of estate consultancy experience in Pune, India which has encouraged me to share something very useful opinion about Bank Finance for buying properties as it's not only for end-user but also great for investors point of view Our country like India has massive real demand from end-users in every city however it's sure that hardly a few percent of people can pay full amount at one go so most of the end-users are unable to think buying properties and hesitant to go for bank finance due to unaware of great advantages or somehow the traditional mentality for not taking loans however bank finance has so many benefits that not only end-user but also investors who wishes to increase their fortune can go for bank finance route to multiply their investment returns many folds... Now, i should first give list of points

The real estate sector will continue to remain an attractive investment destination, a wellknown real estate consultancy firm's survey revealed. There is a possibility of prices in residential areas appreciating by 91 to 145 per cent in selected cities over the next five years, the study by the real estate advisory firm highlighted. The key drive for investors interest in the sector is high possible return on investments ranging between 18.6 percent and 29 percent per annum over the next five years. The report highlights that despite the slump in the real estate market, mumbai, Delhi-NCR, Chennai, Pune and Bengaluru will continue to be the most promising investment destination. 

Questions: I have sold our ancestral agricultural land in Punjab recently. We have been told that it is within 8 Kms of municipal limits and hence categorised as urban land, which is taxable for the purpose of CG (rural land is tax free).

Pune, there is rare opportunity has come for Redevelopment in very prime location named Dholepatil road

Pune: Undri has always been a logical residential property destination in Pune, but for many years it lacked the required infrastructure.

Pune/Mumbai: India’s most premium real estate developer, launches project – where luxury knows no bounds and life no limits. Just off the Mumbai-Pune expressway,

Even as builders have once again issued notices to flat owners asking them to pay the Value Added Tax (VAT) before October 31 for their houses bought between 2006 and 2010 , consumer groups are advising them against doing so, arguing that the October 31 deadline is for the builders to pay VAT to the government and not for the buyers.

In order to meet the huge demand for housing from the indigenous population and overseas investors, according to a report from real estate consultants Cushman & Wakefield. Much of the demand is focused on the major cities - Mumbai, Delhi, Bangalore, Chennai, Pune ,

The preferred asset for Indian investors is real estate sector, followed by gold and silver, a survey Friday said.

Wellknown / Reputed builder is offering pre launch residential project located in kalyani nagar, Pune. This residential Project is comprising spacious apartments. The project offer 2bhk and 3bhk affordable apartments in a prime locality of pune

Reputed builders pre launch very premium residential project located in kharadi, Pune. The residential project is comprising spacious apartments. The project offer 2 & 3bhk very large premium apartments and 3 bhk duplex apartments in a prime locality of pune east.The projet offers you various amenities for fine living like a 7,000 sq.Ft. State-Of-The-Art club house

Nagar Road, Pune is a highway which has been developed very well by the government and mostly the area touching to nagar road are flourishing, Viman Nagar is such a area which has got double advantage to be a middle of Nagar Road on one side and another side touching to the only Airport in pune. this has made this area coming up these Hotels - Hayatt, Four point Sheraton, Ibis and Largest Shopping malls- Inorbit and Phonix and many many more other wellknown names of every best thing one can think and dreamt to live and enjoy.

Pune: The trend has been changing is pune from a bunglow city to highend premium apartments as there are one of the finest exquisite residential apartments schemes are offered

Hi, Good day to readers, Again thought something interesting about sharing information regarding very useful programmes based upon Indian Propety and real estate market on indian television channels

As Traffic situation is getting worse everyday on Hinjewadi flyover which connects wakad to Hinjewadi IT park, many are looking for Residential options to stay inside Hinjewadi so There is good news that some very good opportunities have come to invest

Pune 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

Pune: First would like to wish everyone very Happy New Year 2012 and again it has been quite a long gap that able to write something important on my blog as was thinking from last few months that NRI community

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.

Dear All, Very good day to you.... Here wish to share excellant investment opportunity in residential project very near to hot & most happening area of correnthan club as all wellknown name like Marvel, california, kolte patil & nyati's are having their projects going on and having best schools available like DPS, vibgyor & bishops schools and may management & engineering colleges and will be added up with upcoming proposed huge facilities of hospitals and shopping malls.. Government has suddenly taken fast track on development of infrastructure of this area and many new roads are coming up and making it better to live there very conveniently and comfortably in near future... Although people alaredy know the growth potential of this area and developer like marvel and others have already kept pricing as per very convenient living in this area.... Still there opportunity has come by wellknown developer with early bird offer for it's 2 bhk flat scheme very near to

------------------My Heartly wishes to all---------------- Wishing very happy new year 2011 to everyone...........more happiness, properity & good health is waiting for everyone in new year and many many coming years.............Keep enjoying.......................Deepak Sundrani & Family.

Hi readers, Very good day to all of you... The time is again looking good for property or real estate investment in pune as also liquidity is more this time because of stock market & Metal market... It would be right time to divest your funds from stocks & bullian and divert them in real estate of emerging promising locations of pune... do't miss this opportunity as great deal can be taken rightnow which will give you real fruitful returns in future...

Summery of Residential Project coming up inside Hinjewadi IT park, Mumbai - Pune Expressway: 1) Project Name: MEGAPOLIS Location: HINJEWADI IT PARK PHASE III, NEAR MAHINDRA TECH CAMPUS. Concept: 1, 2,3& 4 BHK Apartment, Penthouses. Status: Underconstruction. Total Cost for 1BHK: 17Lacs + Car park charges To 20 Lacs + Car Park. 2) Project Name: BLUE RIDGE Location: HINJEWADI IT PARK PHASE I, NEAR INFOSYS CAMPUS CIRCLE. Concept: 1, 2,3& 4 BHK Apartment, Penthouses. Status: Underconstruction. Total Cost for 1BHK: 27Lacs + Car park charges To 30 Lacs + Car Park. Total Cost for 2 BHK : 40 Lacs + Car park charges To 50 Lacs + Car park *we specialize in pune & also assist buyers to book or buy suitable property as per their requirements and budget and we do\'t charge any service charges to the buyer for any underconstruction booking from all recognized developers in pune....It\'s like saving time and getting our expertise & knowledge to search property for interested

Available underconstrution large & spacious apartments 3 & 4 bhk\'s on nibm road having one of the best highend residential segment surrounded with one of the best schools ie. Dps, bishops & vibgyor etc. Hotel management, engineering colleges, hospitals, shopping malls and one of the best club of pune hardly a distance from main location like mg road, railway station, camp, magarpatta it park, bibewadi, marketyard, ideal for investment. Further, we specilize in pune & also assist buyers to book/ buy suitable property as per their requirments and budget and for that we do\'t charge any service charges to the buyer for any underconstruction booking....So it\'s like we search best option suitable to your budget, location and other requirements...

Dear Readers, Affordable Housing projects: This information may have your interest to know about, Pls find Summery of New Residential projects in Kondhwa/NIBM Area, Pune as follows: 1) Project Name: Euphoria Location: Kondhwa Concept: 1,1.5,2 & 2.5BHK Apartment. Status: Underconstruction. Total Cost for 1BHK: 19.67 Lacs + Car park charges. Total Cost for 1.5BHK: Between 23.50 Lacs + Car park charges. to 33.72 Lacs + Car park charges. Total Cost for 2.5 BHK: 37.20 Lacs + Car park charges. 2) Project Name: H&M Location: Kondhwa Concept: 1, 2 & 3 BHK Apartment. Status: Underconstruction. Total Cost for 1BHK: Between 21.5 Lacs + Car park charges to 24 Lacs + Car park charges. Total Cost for 2 BHK: Between 33 Lacs + Car park charges. to 36 Lacs + Car park charges. Total Cost for 3 BHK: 58 Lacs + Car park charges. 3) Project Name: SUYOG LEHER Location: Kondhwa Concept: 1, 2 & 3 BHK Apartment. Status: Underconstruction. Total Cost for 1BHK: Between 19.25 Lacs + Car park char

Rare opportunity to invest inside magarpatta it park which is only it park located in the heart of pune city, having the concept of living neartest to it companies & commercial places in a integrated township. The location is surrounded with one of the best schools, hospitals, clubs & hotels. There is availability of 1 & 2 bhk apartments in underconstruction booking which will really reap great investment returns in future. *we specialize in pune & also assist buyers to book or buy suitable property as per their requirements and budget and we do\'t charge any service charges to the buyer for any underconstruction booking from all recognized developers in pune....It\'s like saving time and getting our expertise & knowledge to search property for interested buyer\'s..

There is rare opportunity has come to invest or stay just touching to it park first time as till date, all residential developments were in wakad, baner, aundh and balewadi area which are still quite far away due to traffic jams everyday on hinjewadi fly over, mostly it professional have got fed up by vasting many hours after working brainy works in there offices. The opportunity has arrived now as some very good residential developments are allowed just near to infosys campus circle in phase i, with the concept of studio, 1 bhk, 2 bhk, 3 bhk & 4 bhk flats & pentouses with commercial malls & shopping complex just round the corner, ideal for investment also as once these developments will come up, many many people will move to these accomodation from currently booming areas of wakad, baner, aundh, pimple nilakh, saudagar etc. One can expact real value for money for these projects as prices are rightnow lowest and can get maximum real returns also. Rental income can be really

Dear Readers, Wish you very happy Akshya tritiya celebrated on Sunday, 16th May, 2010. This year looks quite promising for Real estate segment of Pune and pune builders & developers are looking very positive and proof of that is almost more than 25 new launches are just happend with last two days. the new launches are ideal for investment for all interested parties including NRI's, IT professional and investors who wish to wait to have longer payment terms and get the best suitable units at early stage and also rates will surely go up once projects will be ready to move in... for the convenience and information for my blog readers, herewith providing you all launched project with last two days in differant locations all over pune as follows: 1) ALANKAPURAM - coming up at ALANDI - PCMC - with concept of 1,2,2.5 & 3 BHK flats ande 2 & 3 Bhk Rowhouses & Shops & Offices - Developed by RK Lunkad Housing. 2) a. DREAMS AAKRUTI - coming up at HADAPSAR - with concept of

There is rare opportunity has come to invest or stay just touching to IT park first time as till date, all residential developments were in wakad, baner, aundh and balewadi area which are still quite far away due to traffic jams everyday on hinjewadi fly over, mostly IT Professional have got fed up by vasting many hours after working brainy works in there offices. The opportunity has arrived now as some very good residential developments are allowed just near to Infosys campus circle in Phase I, with the concept of Studio, 1 BHK, 2 BHK flats with commercial malls & shopping complex just round the corner, Ideal for investment also as once these developments will come up, many many people will move to these accomodation from currently booming areas of Wakad, Baner, Aundh, Pimple nilakh, saudagar etc. one can expact real value for money for these projects as prices are rightnow lowest and can get maximum real returns also. rental income can be really a great value for money also here.

PUNE: Real estate Investment will reap very good returns in upcoming areas of Viman Nagar and Kharadi which are surely replicating the successful development of Koregaon Park and Kalyani Nagar. IN Viman Nagar, already people know that it will be a one of the best living place and Kharadi will be the next place to invest in. so guys, do't miss the opportunity to invest in Viman Nagar and Kharadi area...................

It seems that realty sector is on the path of recovery, with developers reporting an improvement in apartment sales in the three months ended June compared with previous quarters, although there's no boom yet. Parsvnath Developers Ltd sold 400 apartments (600,000-700,000 sq. ft) across segments compared with sales of just 70-80 apartments during the preceding quarter. Sales figures in the residential market have picked up in Mumbai and the National Capital Region centred on New Delhi in recent months, with demand increasing for affordable housing. As per a 13 July report by Motilal Oswal Securities Ltd, developers such as DLF, Unitech Ltd, Indiabulls Real Estate Ltd, Housing Development and Infrastructure Ltd and Puravankara Projects Ltd launched a total of 35 million sq. ft during the first quarter out of which they sold 15.8 million sq. ft, almost half of what was launched. Source: livemint

Eyeing fresh signs of a revival in the economy, which should nudge growth back to 9% level by end-2010, finance minister Pranab Mukherjee announced fresh tax giveaways for housing and renewed the government’s commitment to more economic reforms and introduction of a single goods and services tax (GST) by 1 April. The move, expected to further boost housing demand in the economy especially in tier II cities, also seeks to quell growing criticism that the Congress-led United Progressive Alliance (UPA) is averse to second-generation reforms. Replying to the debate on the Finance Bill, which was approved by a voice vote by the Lok Sabha, Mukherjee renewed his efforts to strike political consensus on key areas of tax reform, including the introduction of a direct tax code. The reply also calibrated a few of his 6 July Budget tax proposals, which are not expected to result in big revenue giveaways, thereby precluding the possibility of a marked increase in the Rs4 trillion fiscal deficit for

The minister for housing and urban poverty alleviation, Kumari Selja has announced a model bill for regulating the real estate sector by August-September timeframe. Talking about the 100 day agenda for her ministry, Selja said that the Model Bill would propose a regulator and aim to address the concerns of consumers as well as the real estate industry. The finer details of the Model Bill could not be ascertained. She said, “We have initiated a dialogue with all key stakeholders including private sector, NGOs, and various States to prepare the model Bill for regulating the real estate sector.” Bangalore -based realtor Ozonegroup has announced the launch of its maiden township project — ‘The Metrozone’ — in Chennai . The project will be a joint venture between Ozonegroup, HDFC India Real Estate Fund and Urban Infrastructure Opportunities Fund and would involve an overall investment of Rs 2,500 crore and is likely to be completed in about 52 months. Spread over an area of 42.5 acres, the

The government is considering a proposal to hike income-tax exemption available for interest payment on home loans to Rs 2.5 lakh a year, to boost demand and rebuild the slowdown-hit housing industry. The ministry of housing and urban development has urged finance minister Pranab Mukherjee to make an announcement to this effect as part of his Budget presentation in early July, a government official said on condition of anonymity. At present, taxpayers taking housing loans are eligible for income-tax exemption on interest payment of up to Rs 1.5 lakh every year. Besides this, the repayment of principal amount is part of investments eligible for benefit under Section 80(C) of the Income-Tax Act, which has a ceiling of Rs 1 lakh. The government has already identified housing as one of its focus areas, a fact highlighted by President Pratibha Patil in her address to both the houses of Parliament. The existing tax exemption limit is considered inadequate at a time when a two-bedroom house i

PUNE: Suggesting the functional structure for the proposed Pune Metro Rail Corporation (PMRC), the Delhi Metro Rail Corporation's (DMRC) final draft report envisages that the Pune metro project can be completed by 2014-2015 at a cost of Rs 8,401 (corridor -I) and Rs 9,534 (corridor II). The report says that the Pune metro, like the DMRC, can ask for concession on value-added tax as well as concession in electricity and other municipal taxes. "The PMC needs 64,435 hectares of land for the metro. Beside this, there is a need for another 4 hectares of land which could come from the Agriculture college land. This 1,04,435 hectares could be commercially exploited and developed by allowing 4 FSI. Around Rs 600 crore could come in this way," says the report. In practical terms, however, this might not be so easy. The agriculture college has already announced that it will not give its land for the project. "The area, along with the metro corridor, could be commercially expl

Dear All, The Good news is that real estate market is reviwing in india and showing positive upward trends and promising immense opportunities for investment. Eventhough there is a planty of demand and many home seekers are looking for investing in realestate of india but surely waiting for good buy for money. Now right time has come to take decision as have got premium residential project named "Hills & Dales" for offing in pune which is one of the best city of india with all parameters and the project "Hills & Dales" has all ingredients to be called true flavor of pune as having one of the fascinating location of upcoming NIBM Road, surrounded with hills and having all best addresses of schools, clubs and many more with easy proximity to heart of the city, railway station etc. The Hills & Dales project is having only spacious apartments of 3 BHK (Area 1675 Sqft.) and Penthouses (area 2030 Sqft.) of big size and looking to accommodate living lavishly at

Real estate firm Naiknavare Developers said ori Friday the company has launched, jointly with its hospitality arm Seasons, two-bed room to six-bed room luxury apartments for long stay customers under the brand name Seasons Luxury Homes. The intended users of the properties will be corporate managerial personnel who will be in Pune for long durations of even up to a couple of years. Hemant Naiknavare; director of the company, said the property will offer features and services such as fully furnished apartments, relocation service, house-keeping, residential assistant and meals on call. The customers - being long stay ones - will have the freedom to hire unfurnished apartments and use their own furniture and other interiors, Naiknavare said. The rentals for the apartments will range from Rs 35,000 per month for a two bed room house to Rs 140,000 for a six bed room one, he said. --> Source:The Times of India

As developers cut debt, offload assets and push sales, investors start trickling back Investors and analysts have begun re-rating the realty sector on optimism that the worst may be over, as the efforts of recent months and a stable global environment will help developers attract funds and boost earnings. Developers in the past year have restructured debt, sold non-core assets and tweaked product mix, helping to push up sales. This has encouraged investors to buy stocks of real estate companies and motivate analysts to revise price targets and upgrade the outlook on the sector. "The stabilisation in the international market improved financials arising out of restructuring of loans and enhanced liquidity from banks have resulted in revision in the outlook for the sector," said Dipesh Sohani, an analyst with MF Global, an equity brokerage. "The real estate players are better placed now than what they were two-three quarters before." Reflecting the positive sentiment,

WITH an upswing in the Indian equity market, the tide seems to be turning particularly for real estate developers. Realty stocks have recovered 50-60% from their 52-week lows. Recently, realty majors Unitech, Indiabulls and DLF came out with their qualified institutional placement (QIP) issue and it received a very good response. The three companies cumulatively raised a little over Rs 8,000 crore. The success of this fund-raising activity brings hope for this cash strapped sector when demand offtake is very low. Indiabulls Real Estate issued 14.36 crore equity shares at Rs 185 per share to raise Rs 2,656.5 crore through QIP. It is believed that Indiabulls will use the funding for its projects in Mumbai. Unitech too raised $325 million through QIP. Part of the funds would be used to repay debt. The promoter's stake afterthe QIP has come down in both the cases. DLF's promoters sold 9.9% stake in DLF for Rs 3,850 crore to its existing institutional investors. This money is raised

PUNE, The bait is getting more and more attractive in these Lok Sabha elections. Rice at Rs 3 per kg and film star Chiranjee-vi's LPG at Rs 100 are passe. Now the Congress candidate in Pune, Suresh Kalmadi is promising cheap one BHK flats for the middle income group if he is voted to power ,apart from 350 square feet pucca houses for slum dwellers in the city. "My manifesto will be declared soon and I will be giving out details in these. But there are many ceiling lands that could be used for such projects," he told reporters at his first press conference after being given the party ticket to contest the Pune Lok Sabha seat. What he plans to do is release lands in reserved zones that have been blocked for long because of the ULC and use these for such projects. The slum dwellers and the middle income group have always voted for me and I should not forget them, he said. Meanwhile, his rival, builder-turned-politician DS Kulkarni, who has thrown his hat into the ring and is

Dear Friends, It's been a quite a busy time in both personal and business front eventhough in currnet market situation as we get more enquiries and there is real end user demand and again becoming investors parasise where good deals are concluded and show is going on..... Further, i wish to thank first to my EAAP(Estate Agents' Association of Pune) to organize such a great, remarkable show of NAR (National Associations of Realtors) Convention held on 6 & 7th March,2009 at Correnthan Club, NIBM, Pune and brought us together to share vast knowledge of NAR-US real estate representatives and learnt quite an interesting aspects of improving business traits and improve quality/transparancy in our dealings and provide professionalism. Specially i wish to thanks Ms. Gail Lyons (Chief Course Instructor) who is also realtor in US to share her vast experience with us and given great useful inputs to implement for betterment of real estate service profession. I really personaly feel th

Following in State Bank of India's (SBI's) footsteps, other state-run banks may also come out with scheme offering home loan at a fixed rate of 8%. The Indian Banks' Association (IBA) would review the response of borrowers towards the SBI scheme after three weeks and if it finds that there has been a good response, other banks will follow suit, according to a top IBA official. "We would review the consumer's response (towards the scheme) and then take a decision accordingly," IBA chairman T S Narayanasamy told ET on the sidelines of a meeting here on Monday. Mr Narayanasamy is also the chairman of Bank of India (BoI). He said the review would be conducted after the completion of three weeks of the launch of the scheme.Last week, SBI had announced that it would offer home loans at a flat rate of 8% to all borrowers and would freeze this rate for one year. The chairman of one of the major banks, who asked not to be named, said SBI can afford to lend at such chea

There are still buyers for the super luxury home segment in Pune. Developers claim that despite depressed market conditions, this niche segment continues to attract investors. However, some of them have had to bring down rates to lure customers. Marvel Realtors, automated super luxury homes maker says that sales have picked up in the last one and half months due to correction in rates and banks easing lending. "Initially, buyers were holding decisions. With some correction in rat,es, they feel they are getting value for money. We have offered discounts of 10% to 15% less, than what we were selling at peak season rates," Vishwa-jeet Jhavar, CEO, Marvel Realtors said. Marvel has sold around Rs 20 crore worth properties in the past one and half months. "The first phase of Marvel Diva of around 3 lakh square feet is ready for possession by May 2009 and we sold 2.40 lakh square feet. These flats are in the range of Rs 80 lakh to Rs 5 crore," Jhavar said. The super 1uxury

PROPERTY developers building residential complexes will not have to pay service tax on sale of apartments now, as the tax department has cleared the ambiguity on taxability of these companies. The Central Board of Excise and Customs (CBEC) in a circular has said construction service provided by a builder to a person buying the apartment till the execution of sale deed would not attract service tax. Usually, developers enter into an 'agreement to sell' with the buyer of the property. But the property remains under the ownership of the developer and it is only after the completion of the construction and full payment of the agreed sum that a sale deed is executed and ownership of the property transferred to the buyer. "Therefore, any service provided by such seller in connection with the construction of residential complex till the execution of such sale deed would be in the nature of 'self-service' and consequently will not attract service tax," the circular sa