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

Oct 29 2016 : The Times of India (Pune) Pune: TIMES NEWS NETWORK   With popular apps like `Vahan' offering data on vehicle ownership, the Pune Municipal Corporation (PMC) has come up with a mobile application, using which citizens can find out details of property ownership.The app, named Pune Urban, will help potential buyers assure the legality of a property. “The mobile application is equipped with various features. It will ease the works related to the building permission department.Users can get information on topics ranging from the official in their areas to development plans since 1966,“ said Prashant Waghmare, city engineer with the civic body . He added that applications, available across all mobile platforms, can be used by common citizens as well as professionals working in the real estate sector. PMC officials said that citizens will be able to use the app as a guide while constructing a house. It is based on the Global Positioning Syst

Oct 22 2016 : The Times of India (Pune) --Magicbricks Bureau   Pune city is still under the web of infrastructural development. North, West and South East Pune are witnessing different phases of construction activities. These developmental corridors will bring in the anticipated growth and expand the limits of Pune. Certain corridors fall under the jurisdiction of specific government authorities and, therefore, already have their growth chalked out under their development plans. Localities alongside these corridors are experiencing advancement and pose as a potential investment destination to buyers.Wakad and Hinjewadi have the potential to experience a slight increase in property prices in the coming years. The residential inventory of these localities mostly consists of premium residences.The dominant budget segment in the Wakad-Hinjewadi corridor is `60-80 lakh and contributes to 41 per cent share of the housing supply. The `40-60 lakh budget segme

Oct 01 2016 : The Times of India (Pune)   Are you a first-time home buyer? Infrastructure, connectivity and presence of civic facilities are the important aspects across segments The first home is an important step towards stability in one's life. Pune offers opportunities for all types of home buyers whether it is an affordable segment or the luxury. While buying the first home in Pune, the buyer needs to take care of certain things such as quality of infrastructure, connectivity and presence of civic facilities in the area.There is good scope for the first home buyers in Pune. “The real estate segment of Pune is experiencing a facelift driven by an improvement in infrastructure and strengthening ITITeS business in the city. With its close proximity to Mumbai, Goa, Satara, Kolhapur and Belgaum, quality infrastructure and year-round good weather, Pune have grown into a better -performing real estate market in the last five years. Moreover, Pune offe

PTI | Jun 29, 2016, 09.04 PM IST JLL India Chairman and Country Head Anuj Puri said the retail sector accounts for about 15 per cent of the country's GDP and this is expected to increase further with round-the- clock operations. NEW DELHI: Real estate industry bodies today said housing sales are expected to improve following implementation of 7th Pay Commissionrecommendations as prices have fallen in last few years because of slowdown in the propertymarket. Realtors' two apex associations -- CREDAI andNAREDCO -- said the sector would also benefit from approval to a model law that allows shops, malls and cinema halls, among other establishments, to run 24x7 throughout the year. "It's a very good decision. Hopefully it will lead to wise investment by the government staff for buying homes," NAREDCO Chairman Rajeev Talwar said, commenting on approval for 7th Pay Commission recommendations. CREDAI President Getamber Anand said: "Real estate

National Payments Corporation of India (NPCI) announced on Thursday that bank applications for the Unified Payment Interface have officially become operational, which means that UPI apps of banks can now be downloaded and used for transactions: What is UPI and what can a user do with the app? UPI is a payment system that allows money transfer between any two bank accounts by using a smartphone. UPI allows a customer to pay directly from a bank account to different merchants, both online and offline, without the hassle of typing credit card details, IFSC code, or net banking/wallet passwords. How can one download the UPI app? The UPI app of 19 banks -- Andhra Bank, Axis Bank, Bank of Maharashtra, Bhartiya Mahila Bank, Canara Bank, Catholic Syrian Bank, DCB Bank, Federal Bank, ICICI Bank, TJSB Sahakari Bank, Oriental Bank of Commerce, Karnataka Bank, UCO Bank, Union Bank of India, United Bank of India, Punjab National Bank, South Indian Bank, Vijaya Bank and YES Bank -- will

The real estate sector is one of the fastest growing sector all over the world as well as in India. It is growing rapidly and we can access its growth by initiatives of government for modern cities such as ‘Smart Cities’. However, the real estate sector has always been perplexed with multiplicity of taxes like VAT, service tax, stamp duty, etc. coupled with myriad disputes owing to ambiguity in the legal provisions. With the proposed introduction of GST in 2017, hopefully these multiple taxes would be reduced to only two ie GST and stamp duty. In the following paras, we have analysed the impact of GST on the real estate sector: Sale of constructed (immovable) property: GST is levied on supply of goods and services. The term ‘goods’ as defined under the Model GST law includes every kind of movable property. Hence, sale of property after construction (i.e., immovable property) should be outside the ambit of GST. However, stamp duty on the sale of immovable property would con

Jun 25 2016 : The Times of India (Pune) ON ASCENDING CHART Kanchan Gogate   Steady confidence of homebuyers vouchsafes Pune as a sought-after realty destination. Inclusion in the Smart City list is sure to propel city's growth further Braving tough economic times, Pune has shown a remarkable poise as a realty destination. Isn't it surprising that at a time when the property markets across the country are either stagnant or marginally correcting prices, Pune real estate is showing a healthy appreciation quarter on quarter? As a matter of fact, as per the National Housing Bank (NHB) Residex, Pune has been witness to highest appreciation on a pan-India basis.It clearly shows that in Pune there is no stress in the residential market.The analysts maintain that keeping in view the nature of the business anything less than five quarter of inventory (15 months) is a comfortable situation. And hence, there is scope for new launches of the reside

By:  Express Web Desk  | New Delhi |  Updated: June 25, 2016 7:01 pm Prime Minister Narendra Modi today launched the Smart Cities Mission project in Pune. Marking the first anniversary of the announcement of the government’s flagship programme, Prime Minister  Narendra Modi  on Saturday launched the ‘Smart City Mission’ projects from Pune’s 5,000-capacity Shiv Chatrapati Sports Complex. Apart from the Pune’s projects, as many as 69 such works will be launched on the same day in the other ‘smart cities’ entailing a total investment of about Rs 1,770 crore. These projects are related to solid waste management under Swachh Bharat Mission, water supply projects, sewage treatment plants and development of open and green spaces under Atal Mission for Rejuvenation and Urban Transformation (AMRUT). It would also include housing projects for urban poor under Pradhan Mantri Awas Yojana and area development and technology based pan-city solutions under Smart Cities Mission, the release s

May 07 2016 : The Times of India (Pune) Sneha Sharon Mammen (Magicbricks Bureau)   East Pune's realty has grown, thanks to the IT hubs and the numerous employees working there Housing demand is a product of job opportunities cou pled with well-to-do social infrastructure. The growth of East Pune's realty is undoubtedly because of the IT hubs and the numerous employees that they have. Popular areas in the East include Hadapsar, Kharadi, Viman Nagar and Kalyani Nagar.Here's a sneak peek. HADAPSAR This area exemplifies the walk-towork culture with the Magarpatta IT hub no farther than five kms. Topping it all is the social fabric that has emerged in recent years. Ravi Das, city-based realtor at Welworth Properties, says, “Be it affordability as compared to established areas like Fatimanagar, Camp or Magarpatta or for reasons kike good water supply and connectivity via NH9, Hadapsar gains in homebuyers' preference.“ Apart from those w

May 07 2016 : The Times of India (Pune) Sneha Sharon Mammen (Magicbricks Bureau)   Sound infrastructure provides a firm foundation for the realty sector to grow and Pune is moving towards it Jobs and infrastructure can easily be the two factors that pull people into a city. Every year, new migrant workforce enters the city premises, therefore, developed and growing infrastructure comes as good news to all.The state budget proposed this year looks into many developmental spheres from up-gradation of new roads and connectivity to accelerating the 'Smart Village' scheme. It Village' scheme. It also laid out provisions for entrepreneurship and employment. A total outlay of Rs 180 crore was allotted for Nagpur and Pune metro projects.Ladies special 'Tejaswini' buses, too, are in the pipeline. All this and more, if executed and implemented in time, would help homebuyers across the city.Despite all this, the new international airport mis

Pune Real Estate Market Insights 2016 Pune has dependably been considered as a standout amongst the most dynamic urban areas of Maharashtra. Numerous IT/ITES organizations, instructive foundations, BPO commercial enterprises have built up their workplaces in Pune. It is broadly known for its first class instructive offices that draws in understudies from over the nations like Eastern Europe, Southeast Asia, Iran and Middle East. Understudies and experts are currently moving to Pune for their profession, thus the city is seeing swelling in populace. To oblige the new inhabitants of Pune, it has got to be important for the land designers in Pune to present new private ventures. As indicated by the business sector reports, business property in Pune gets around 20-25% degrees of profitability. This makes Pune a most loved and a favored destination of financial specialists. The land speculators are additionally getting pulled in towards Pune private properties as the Investment in pri

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