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

Pune Proximity to Mumbai and a thriving education, engineering, automobile and IT scene have accelerated real estate activity in this once sleepy city. The Mumbai-Pune Expressway has made Pune a much sought-after location for out-of-town investors, while year-round good weather makes it a preferred destination for homebuyers. "In the last five years, the Pune real estate market has gone from an average performing one to one of the best performing," says Shantanu Mazumder, Director-Pune, Knight Frank India. Pune offers properties catering to end users as well as investors at various price points. Prices start at Rs 15 to Rs 30 lakh in the affordable segment. The premium segment starts at Rs 1.3 crore and luxury projects can cost up to Rs 2.5 crore. Vishrantwadi, Dhanori, Kharadi and Whagoli in east Pune and Wakad, Hinjewadi, Ravet and Tathawade in the west are the upcoming areas to scout in. GROWTH DRIVERS - Metro Rail:  Pune Metro Rail Corridor I, connecti

Mar 01 2016 : The Times of India (Pune) TEAM TOI   If your builder doesn't give you possession of that dream house within the romised three years, sweat ot. For, the 2016-17 Budget roposes tax relief on inter st payment on home loan if he property bought, or under onstruction, is completed within 5 years from the end of he financial year in which he loan was availed instead f the current 3 years.The relief, under Section 4 of I-T Act, could help save ax up to Rs 60,000 per annum.n a further boost to the affor able segment, FM Arun Jaitey also proposed to allow eduction for additional inerest of Rs 50,000 per annum or loans up to Rs 35 lakh anctioned during the next fi ancial year for first-time ome-buyers, provided the alue of the house doesn't exeed Rs 50 lakh. Assuming a loan of Rs 35 akh to be paid over 20 years, he annual deduction comes o around Rs 2.5 lakh, includng the Rs 2 lakh currently vailable. At 9%, the interest utgo in the first

A competent property manager can add significant value to your investment, which is why many seasoned real estate investors will tell you that a good management company is worth their weight in gold.  Here are a few ways that a good property manager earns their keep: Higher Quality Tenants Think of tenant screening as the moat and draw bridge around your castle. It is certainly possible to get a bad tenant out of your home once they are in, but it’s a real hassle and you are so much better off never accepting them in the first place. A thorough screening process results in reliable tenants that: Pay on time Rent longer Put less wear and tear on the unit Generally cause less problems An experienced property management company has seen thousands of applications and knows how to quickly dig for the real facts about candidates and analyze that information for warning signs. By allowing a management company to handle the screening, you will also be shielding yourself from r

Jan 02 2016 : The Times of India (Pune)   India sees strongest office leasing across Asia pacific markets. Delhi is the most active market followed by Mumbai and Bengaluru, says Anuj Puri, chairman and country head, JLL India As per JLL's Global Market Perspective (Q4 2015), India saw the strongest leasing activity in the Asia Pacific region in Q3, contributing over half of Asia's total gross leasing in office markets. In India, Delhi was the most active market with a number of large transactions, and substantial increases were seen in Mumbai as well as Bangalore.Overall, leasing activity continued to improve in Q3, with Asia Pacific gross leasing volumes rising substantially by 27 per cent year-on-year, following a solid Q2. The most active sectors across the region in the quarter were domestic financial institutions and technology firms. However, the improvement was inconsistent. While India's strong performance was matched by China th

Jan 02 2016 : The Times of India (Pune) -Amit Sethi   In 2016, experts are predicting a robust growth momentum in Pune's real estate market Pune's realty market is considered an all-weather per former. Despite several ups and down in the country's property market in 2015, Pune's real estate market performed well and proved its strength by growing steadily. Attractive emerging locations, infrastructure development and support of business and service sector kept the realty market dynamic in 2015. Experts and developers are predicting a robust growth momentum for Pune's realty market in 2016. Listing achievements of Pune's re ealty market in the year gone by, Surajit Chanda, regional head (Pune), Sobha Ltd, says, “Pune's economy has witnessed a significant boost due to various MNCs consolidating their presence in the city, allowing the residential real estate market to grow. With increasing disposable incomes and influx of for

On the new year's beginning, first Wish to many thank you to be with me in just passed year & Also I take this opportunity to wish you & all of your dear ones a very happy new year, every month, every week & every day, have a great health to enjoy every moment of most precious life. With best regards, Deepak Sundrani & family, The Guru Realty, Pune.

Dec 05 2015 : The Times of India (Pune)   The interest rate and tenure are two factors that have a bearing on the EMI you pay towards your home loan Home loan repayments are made by way of equated monthly in stallments (EMIs). EMIs are arrived at by clubbing the principal and interest payable, divided by the number of months of the loan tenure.The EMI stays constant, divided equally across the loan tenure. Usually, the changes in rate increase or decrease are reflected in the form of a reduced or increased tenure as the case maybe, rather than any change in the actual EMI paid every month. When you are paying an EMI, you are paying an interest component and a principal component in it. It is to be noted that in the initial years a major part of the EMI comprises the interest portion and only a small part goes to wards the principal repayment.In the later years of t the loan tenure, the composit tion changes the principal portion is more than the interest portion. T

Here’s some good news for flat owners worried how much Value-added tax (VAT) will they have to pay. *The quantum of Maharashtra VAT on flats and real estate sold in the state between June 20, 2006 and March 31, 2010 may be much less than 5%, depending up on the method of calculation a developer chooses to adopt*. For example, for a flat with an agreement value of Rs 30 lakh, the VAT could be Rs 24,500 at the lowest and Rs 1,15,800 at the highest. Soon after the state government’s communication, there was a general impression that purchasers will have to shell out a high 5% of the value of their deals as VAT. While that is a possibility, the Maharashtra Department of Sales Tax has said that there are three options available with developers to calculate the MVAT. A senior functionary in the Sales Tax office told TOI that under rule 58 of the Act a developer can deduct the price of land as well as expenses on labour and further deduct the VAT he has paid on the materials before arriving

Reform in FDI: Ministry of Commerce and Industry certain significant relaxations in the FDI regulations applicable to the construction-development sector, which have just been released in a Press Note issued by the Government of India. The key changes are summarized below for your easy reference:- 1.     Conditions on minimum area and minimum capitalization within a period of 6 months have been removed; 2.     Each phase of the construction-development project would be considered as a separate project for FDI policy purposes; 3.     Foreign investor would be permitted to exit and repatriate foreign investment before completion of project under the automatic route, provided lock-in-period of three years is completed for each tranche of foreign investment; 4.     Transfer of stake from one non-resident to another non-resident, without repatriation of investment, will neither be subject to any lock-in period nor to any government approval. Nonetheless, exit is permitted at any time if pr

Dear Readers, Found this whats app message very interesting about our beloved city PUNE so sharing with you: 1. POONA/Pune has the impeccable record of highest growth within a span of 20 Years 2. Pune has highest number of pubs in Asia. 4. Pune has the highest number of software companies in India-212, followed by Bangalore - 208,Hyderabad - 97. Hence called the Silicon Valley of Maharashtra 5. Pune has 35 engineering colleges, 🚎which is highest in the world in a given city. Pune University has 57 Engineering colleges affiliated to it, which is highest in the world. 6. Pune has commercial and defense Airport operating from the same strip. 7. Pune has highest number of public sectors and government Organizations in India. 8. Pune university has highest number of students going abroad for higher studies taking the first place from IIT-Kanpur. 9. Pune has only 38% of local population (i.e.Marathi) .Hence a true cosmopolitan with around 20% North Indians,10% Tamilians,14%

Real estate investment provides more stability and can also deliver a continuous income stream, and this is why it attracts more investors. The stock market has always played the role of a barometer to the economic mood of a nation. Real estate is one of the prime elements in the latter context. In fact, an interesting and important relationship exists between real estate investments and the stock index. While both offer a profitable investment opportunity, both also carry risks that complement each other. A common belief has been that the profit margins associated with stock investment has been higher when compared to alternative asset investments. Stocks are liquid and flexible, whereas real estate is not. Also, stocks offer growth rates that real estate investment can rarely match. Lastly, stocks are also easier to acquire and operate than buying a property as investment. Investment property also includes several added elements like insurance, maintenance, taxes, legal fees, broker

The 'Refund Banker Scheme,' which commenced from 24th Jan 2007, is now operational for Non-corporate taxpayers assessed in Delhi, Mumbai, Kolkata, Chennai, Bangalore, Bhubaneswar, Ahmedabad, Hyderabad, Pune, Patna, Cochin, Trivandrum, Chandigarh, Allahabad, and Kanpur. In the 'Refund Banker Scheme' the refunds generated on processing of Income tax Returns by the Assessing officers/ CPC-Bangalore are transmitted to State Bank of India, CMP branch, Mumbai (Refund Banker) on the next day of processing for further distribution to taxpayers. Refunds are being sent in following two modes: RTGS / NECS:  To enable credit of refund directly to the bank account, Taxpayer.s Bank A/c (at least 10 digits), MICR code of bank branch and correct communication address is mandatory. Paper Cheque:  Bank Account No, Correct address is mandatory. Taxpayers can view status of refund 10 days after their refund has been sent by the Assessing Officer to the Refund Banker - by e

Santa: I have heard recently that Mr. Rajan has reduced Repo Rate by 50 basis points and everyone is saying that this is good for the market. Loan EMI may also come down. What is this rate cut means actually? I want to understand this. Banta: To understand this you first need to know, how does a bank function. Santa: Why? Banta: Because all these are inter-related. Tell me – what does a bank do? Santa: Bank takes money from depositors and gives loan to earn interest. That way they keep everyone happy and make a profit also. Banta: Correct, but there are more to it. Let me explain this in a very simplistic way. Bank needs money. Bank can get money from depositors like you and me and also from RBI. But bank also needs to pay certain interest to us and also to RBI. Santa: Ok. Banta: Let us try to understand first – what happens when we deposit, say, Rs. 100 with a bank. Santa: I know that. Bank gives that Rs. 100 to someone who needs a loan. Banta: No, it is not that simple. Remember, th

Users can apply for Index 2 reports online using government site and do not need to visit the sub-registrar's office to obtain the document. The government site can provide details on Index 2 document, transactions search report, and a copy of registered documents. Users will be able to take a print of the Index 2 document but all users might not be able to download the extract 2 document. The manual process to process transaction search report and Index 2 takes around 1 week. However, through this site, users can download these documents easily provided they know the required details. The below site can provide details on properties that were registered between 2002 and present. Procedure to download index 2 document Visit the  link  (https://esearchigr.maharashtra.gov.in/testingesearch/wfsearch.aspx) Select "Document Number" option on the left hand side. Select "District" in which the document was registered. Select "SRO"- office where

Sri Mulyani Indrawati MD & COO, WORLD BANK Sidhartha & Surojit Gupta TNN   World Bank managing director and chief operating officer Sri Mulyani Indrawati is bullish about India's growth prospects and tells TOI in an interview that New Delhi must use the narrow window of opportunity provided by slowing commodity prices to push through more reforms. Excerpts:How do you see the progress in terms of policies in India? This is a very rare and good opportunity for India. It is getting advantage of low commodity prices, especially oil, that will provide space for the budget in terms of subsidies. The government commitment and announcement on fuel subsidy reform is very encouraging. India has the opportunity to use this narrow window to push for further reforms.The more attention on improving the business climate to be able to attract more foreign direct investment for small and medium enterprises is going to be critical because the growth of India

FAYE DSOUZA   When choosing a home the biggest decision obviously is choosing the builder and the project but the decision should also be backed with an assessment of the civic and social infrastructure of the location.The physical infrastructure and social amenities will impact the future price appreciation of the property. So, it is important to run through a checklist of requisites before making up the mind. This list should be helpful. Social Infrastructure: Check the neighbourhood for schools, colleges, hospitals and a local market.One should be able to access all these services within a few minutes travel from one's new home. There should be adequate parking at these locations and easy access from the roads. Look for recreational facilities as well. Malls, shopping centres, movie theatres and parks for children. The closer these facilities are, the better the price appreciation. Physical Infrastructure: Check the location for traffic