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Property Cost Inflation Index – Meaning and Index from 1981-82 till 2014-15
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What is Cost Inflation Index (CII)? It is a measure of inflation that finds application in tax law, when computing long-term capital gains on sale of assets. Section 48 of the Income-Tax Act defines the index as what is notified by the Central Government every year, having regard to 75 per cent of average rise in the consumer price index (CPI) for urban non-manual employees for the immediately preceding previous year. Therefore, if we consider that price of a capital asset has risen in tandem with base price rise, then if one want to sell an asset and replace it, the cost allowed even after indexation will be lesser than the price payable for new asset. However, in case of many capital asset the price rise is lesser than market price and in many cases it is higher. How does CII help in capital gains computation? Capital gain, as you know, arises when the net sale consideration of a capital asset is more than the cost. Since “cost of acquisition” is historical, the concept of inde
How to check that Your Name is added to Voter List in PUNE & MAHARASHTRA
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THIS SMALL IS BIG
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PUNE: Flourishing micro markets catering to various socio-economic groups make Pune an attractive investment destination If various pockets of af fluence are indicators of the success of a real estate market, Pune can well be defined as a city that has in its DNA all the attributes of a global city. The economy of the city in general and its real estate in particular stands uniquely positioned with many micro markets catering to various socio-eco nomic groups within the Pune market and collec tively this makes Pune an attractive investment des tination. In terms of investment and property landscape, Pune till very recently, was referred through its central business district (CBD) of MG Road, Koregaon Park, Bund Garden, Kalyani Nagar, Dhole Patil, Fergusson College Road and Jangli Majaraj Road. Today, there are many markets that can easily be touted as thriving economic destinations, if not CBD in the traditional sense of the term.
Instantly check ownership record online of any property registered in PUNE & other cities of Maharashtra.
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Greetings to All, Reg. registered docs to check online : After your flat registration gets over, you can see it online also so sharing you the procedure for your viewing online as follows: 1) www.igrmaharashtra.gov.in ( this website has latest updated all properties ownership records of all major cities of maharshtra including PUNE which is very useful for knowing current status of ownership or if someone buying a property and need authentic information about its ownership.) To check Registered document online, pls keep ready your original document received by you after registration where the detail will be available in first page upon "PAVATI" then follow Step:
Looking for Equity Partners who can dream of developing an Integrated Township on a Land available up to 100 Acres !!
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Hi, just thought to share one developer requirements of equity partner in his 100 acres plus development near Kolkata....here is message: Looking for Equity Partners who can dream of developing an Integrated Township on a Land available up to 100 Acres !! Dear Sir/ Madam, Established developer of Kolkata,
Online system to speed up land deals, update records
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PUNE, The state government has introduced an e-mutation system, a computer-based online mechanism that will maintain updated land records with greater accuracy . The system will ensure that citizens do not have to wait for a long duration to complete their land-related transactions at the talathi's office. Besides, it will also help the revenue department to process applications in less time. Initially, only 35 talukas
Budget 2014: Tax incentives on home loans to ensure housing for all.
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NEW DELHI: Union Budget 2014-15 sprang a pleasant surprise on home loan borrowers by hiking deduction on home loan interest under Section 24 from Rs 1.5 lakh to Rs 2 lakh. Enhancement of Section 80C limit is also a positive for those paying large EMIs but not getting full tax benefits on repayment. According to Gaurav Karnik, tax partner, real estate practice, EY, "Increase in these two deduction limits by Rs 50,000 each will act as an incentive for home buyers." According to calculations available from EY, total tax saving home loan borrowers stand to make due to these two changes, if their gross total income ranges from Rs 9-15 lakh, will be Rs 20,600-30,900.
Enthused by the regime change at the Centre, real estate sector turns bullish.
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With the regime change at the Centre and the expectation of business-friendly policies, real estate developers and lenders appear to be have turned highly optimistic about the sector's prospects. According to the FICCI-Knight Frank Real Estate Sentiment Index, all stakeholders now expect more new launches & a pickup in sales.
Benefits of buying property in Underconstruction.
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Dear Readers, Greetings to all... As involved often with buyers and investors to purchase properties in emerging great destination of PUNE City, Maharashtra and thought to share interesting information about many benefits of buying property in Under construction stage which will surely help again many to take decision to purchase property soon, the list of benefits are as follows: 1) New Property: if you buy property in under construction then you will get absolutely new unused property which is always desirable by every one and gives great good feelings.
BUDGET 2014 - 2015: Take a home loan, take home more.
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FM Raises Deduction On Interest Payments; Why rent when you can buy and beat tax? The Budget made purchase of homes more attractive, at least for the middle class, by raising deduction against interest payment on home loan from the taxable income to Rs 2,00,000 from Rs 1,50,000. This will enable a home buyer to save an additional amount of
KHARADI Great real estate investment opportunity in Pune, Maharashtra, india
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Buy Flats inside Hinjewadi to avoid traffic jams and great opportunity to invest.
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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 Emerging investment destination with great potential in PUNE.
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Phoenix Fountainhead - Luxury Living at Pune's most Premium Location
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Q & A with NRI / PIO client for investing in PUNE's properties.
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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:
Available Properties for Sale / Lease for School, Hospital, Restaurant, Hetels & commercial purposes In pune..
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Investment offers in most happening areas of Viman Nagar & Kharadi, Pune (Plots & Service Apartments)
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TDS payment on property procedure by visiting bank branch
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Amazing Advantages of taking BANK FINANCE in Buying properties.
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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.
Qatar fund, Kotak in talks to invest $200 mn in real estate
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Lodha Group looking to buy more properties in London
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Useful Property / Real Estate related tv programme's on Indian Television Channels
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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:
Govt lists draft rules to implement Land Acquisition Act
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Exclusive PRE-LAUNCH Of Premium Project Panchshil Towers -- Kharadi Annexe, Pune
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Are you looking for Structured Finance in “Real Estate Sector/Infrastructure Sector” as per RBI Regulations?
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Investment Opportunity - One Full Building of 16 flats of 1 Bhk for sale in Viman Nagar, Pune @ 5.75 Crores.
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The anatomy of a safe room inside your home?
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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.
Clear Title Agricultural Land For Sale upto 500 Acres in Bhor, Maharashtra, India.
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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.
Premium Exclusive 4 Bhk Villa for sale at most Prestigious location of BOAT CLUB ROAD, PUNE
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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,
Realty sector can double its share in GDP to 13% by 2025
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Consumer-friendly real estate Bill to come up in Parliament
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Huge Exchange rate advantage for NRI's (Non Resident Indians) & PIO (Person of Indian Origin) in buying properties in India.
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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
Buy Flats inside Hinjewadi to avoid traffic jams and opportunity to invest in 1, 2 & 3 BHK Flats.
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Prelaunch - Project of Exlclusive Premium Villas & twin Bunglows & 3000Sqft Apartments at Bavdhan, Hardly a distance from Kothrud & Chandni chowk, Pune. very near to Mumbai - Pune Expressway (West Pune)
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ePayment Mandatory for TDS on Immovable Property over Rs 50 lakh
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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.
Very Useful Government Websites related to Properties / Realestate in Maharashtra & Pune.
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Nagar Road Impact (Developed Insfrastructure) - Viman Nagar and Kharadi in Pune.
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CIBIL a helpful tool to get better finance offers for Home Loan, Car Loan, Credit Card & other offers in India.
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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.
Trump arrives in India - Exclusive Luxurious Aparments in PUNE
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Budget 2013: Will Property Become More Affordable Now?
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Commercial Spaces, Kharadi, Pune - great investment opportunity...WTC (world trade centre) is coming up
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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
Rare Investment Opportunity - 1 BHK Flat at HINJEWADI IT Park, just Touching to Mumbai Expressway, Pune.
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Hadapsar - Best location for affordable housing investment in pune.
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Amazing Advantages of taking BANK FINANCE in Buying properties.
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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
Real estate investments can give up to 145% returns, Survey highlights
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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.
Q&A: Capital Gain Exemption on Sale of Agricultural land.
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Available Property for Redevelopment on Dholepatil Road, Pune.
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Pre Launch - Premium Residential Project on Mumbai - Pune Expressway, Opposite IPL Stadium, Near Hinjewadi IT Park.
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Builders, consumer groups in row over VAT
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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.
Real Estate Preferred Choice For Investments In India: Survey
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Wellknown builder is offering pre launch residential project located in kalyani nagar, Pune
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Reputed builders pre launch very premium residential project located in kharadi, Pune.
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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 Impact (Developed Insfrastructure) - Viman Nagar and Kharadi
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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 - A hub of High End, Premium, Exquisite Apartments
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Property / Real Estate programme's on Indian Television Channels
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Buy Flats inside Hinjewadi to avoid traffic jams
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Property / Real Estate Investment Opportunity for NRI's (Non Residence Indian)
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It's always right or good time to invest in properties in rapidly developing INDIA
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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.
Excellant Opportunity to invest at most happening area near Correnthan Club on NIBM Road, pune.
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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
Right time to buy properties in Pune...
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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:
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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 3 & 4 BHK APARTMENTS, NIBM Road, NIBM - Correnthan Road, Pune.
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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...
Affordable Housing Projects: Summery of New Residential projects in Kondhwa/NIBM Area, Pune.
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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
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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..
RARE OPPORTUNITY TO INVEST JUST TOUCHING TO HINJEWADI IT PARK, NEAR MUMBAI - PUNE EXPRESSWAY..
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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
Latest Information of New launch & New Phases of projects on Akshya tritiya dated 16th May, 2010
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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
Rare Opportunity to Invest or Stay Touching to Hinjewadi IT park, Pune
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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.
France's Carrefour Negotiating with Indian Cos for its Indian Retail Venture
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Property Registration To Be At Flat 1% In Maharashtra
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State Bank of India (SBI), India’s No.1 home loan provider, has decided to extend the availability of ‘My Home Campaign’ till 31st March 2009.
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Bankers expect interest rates to remain stable till March 2010
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Viman Nagar and Kharadi, Making of new Koregaon park and Kalyani Nagar
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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...................
Pune still holds its own charm in attracting investments and offering lucrative return on investments
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Home Buyers Back In The Market - A Respite For Realtors
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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
Govt Sops can Revive Real Estate Sector
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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
Govt Announces Bill to Regulate Real Estate Sector by Aug-Sept
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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
Hike expected in Income Tax Exemption on Home Loans
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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 metro train could be a reality by 2014
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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
Opportunity to invest in premium Residential project "Hills & Dales" at NIBM Road, Pune
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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
Seasons offers 'long stay' homes:
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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