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PUNE'S PULSE - REALTY ON A REBOUND

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Feb 18 2017 : The Times of India (Pune) Amit Sethi   Year 2017 is set to be the one of hope and strength for Pune's real estate sector, aver experts The year bygone would certainly be remembered as a year of reforms and plat form creation for the growth of realty sector.RERA, Benami Act amendment, interest rate cuts and demonetisation were four major takeaways from 2016 that would keep the realty market busy again in 2017. Experts opine that 2017 is set to be the one of hope and strength for Pune's real estate sector.“The year 2016 saw major developments, be it in the area of an interest rate cut by the apex bank for softer home loans, newer policies and introduction of smaller unit sizes to push sales REITs et al in the Indian real estate sector. The passage of RERA was a major step towards bringing in added efficiency and transparency in this sector. From the Benami Act to demonetisation, all policies were aimed at increasing the transpar

COVER STORY - THE REAL BUDGETARY BOOST

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Feb 18 2017 : The Times of India (Pune) Kanchan Gogate   With infrastructure status granted to affordable housing, realty industry has given a solid thumbs up to the recent Union Budget. Experts feel easing capital gains tax norms will give the sector much-needed and deserved fillip Post-the landmark demonetisation decision, the 2017 Union Budget was the most-awaited policy measure for the Indian economy. Like many sectors, realty sector, too, expected a budgetary boost and the Union Finance minister didn't let the industry down. The industry has termed this budget rather historical and has cheered two special mentions, industry status to lowcost housing and the easing of capital gains tax norms.It is pertinent to note that industry status had been one of the long-pending demands. The infrastructure status to affordable housing development has been complemented by raising the allocation to the rural housing programme by about 50 percent. Key

BENEFITS beckoning realty

Feb 18 2017 : The Times of India (Pune)   Small amendments in the Income Tax Act spread across the Budget have ensured benefits to all stakeholders A close reading of the Union Budget 2017 tells us that, housing, especially affordable housing, was the only industry that found mention in the Union finance minister's speech. It was a pleasant surprise to find that small amendments in the Income Tax Act spread across the Budget have given benefits to all stakeholders; home buyers in urban and rural areas, investors, landowners, owners of redevelopment properties, banks, real estate funds and of course, developers.Many experts in the field believe that this is the beginning of more such incentives for this crucial sector, which is India's second highest employer and could stimulate over 140 industries once it starts growing. Following are the various benefits that the Union Budget is set to bring in trail. INDUSTRY: Infrastructure status to aff

TRUE COLORS waterproofing & painting services in PUNE

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Dear Readers, This is our new venture, looking for your good wishes & support: It's great pleasure to introduce us for providing waterproofing & painting solutions in Pune. We are already providing these services from last 5 years to our existing clients through our sister concerns which deals with real estate activities and recently we have thought to provide these services to the masses through our new venture true colors services as we have gained quite a lot of experience & proven record of providing quality services & solutions. Our motto is to work up to the satisfaction to our client & we put efforts accordingly. If given an opportunity, we assure quality work & professional services. Thanks. For more detail and free qoutation for above work, please contact us on Cell #91-9822215695

PUNE: prime location running hotels for sale offers

Greetings to All, Reg.   PUNE: prime location running hotels for sale offers : thought to share my blog readers and potential buyers or investors looking to purchase any running hotel at prime locations of pune,   pls find following offers on different locations of   pune : 1) Location: Bavdhan hotel  with the 48rooms fully furnished with Gym , Banquet Hall and Restaurant  Plot size : 25000Sq.ft  Builtup area : 50000Sq.ft  Outright price : Rs.35cr  2) Location: mundhwa, near koregaon park/ kalyaninagar.   Hotel  with 48 Rooms. Price quote is 25 Cr it is located  3) Location: Heart of the city Deccan, Bhandarkar road,  Pune   Hotel  with 39 Luxurious Rooms 7,000 Sq feet Plot size 20,486 Sq feet Carpet 5th floor Lift with back up Totally Central A/c Attached T.V, Fridge,  Coffee Maker, BathTub, 2 Chairs with Table, Telephone Etc Bar & Restaurant with License Kitchen Coffe House Reception Counter 4 wheeler parking Solar systems Attractive Enteranc

COVER STORY - Taking THE REAL NOTE

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Jan 14 2017 : The Times of India (Pune) Kanchan Gogate   Amid landmark policy decisions, Pune continues to be one of the most bankable realty destinations. Experts opine it is right time to invest, as the city is predominantly a primary market. New Year offers a promising start Pune is considered be one of the most resilient realty markets in India.Withstanding tough times and fluid economy, Pune continued to witness a steady growth. Combating financial challenges, Pune has marched on and has established its identity as the one of the most bankable real estate destinations. While demonetisation has altered the market sentiment, experts believe it would pay rich dividends despite short-term inconveniences. Beating the note ban blues, Pune is expected to rise to the occasion again. Though investors have adopted wait-and-watch approach, experts say it is right time to invest, as no further price correction is likely. Year 2016 clearly rendered Pune a b

PUNE- Metro on faster track than Nagpur's

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Dec 17 2016 : The Times of India (Pune) Pune: TIMES NEWS NETWORK   Team Arrives To Study Actual Site The metro for Pune appears to be gathering steam. A Maharashtra Metro Rail Corporation Limited (MAHA Metro) team is in the city on Friday to study the route.Its officials said the ground work for the Pune metro will be done faster than Nagpur's as multiple tasks will be performed simultaneously. “Land acquisition, route survey and designing will be done at the same time instead of the phased manner like the Nagpur project,“ managing director of Maha Metro Brijesh Dixit said. Though the detailed project report (DPR) for both routes is ready MAHA Metro officials are looking at the actual situation. “A geo-technical survey for the metro work will be done to check soil quality , rock formations and other natural aspects. The shifting of underground service lines will be done before construction begins. Two boring machines have arrived and 30 more will come

RESIDENTIAL PROJECT GODREJ GREENS in PUNE - an opportunity to invest or enduse flats in project from renowned name Godrej with 10 Acres township.

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Dear Sirs, Seasons Greetings to you. Wish to share that there is an opportunity for investment or enduse flats in project from most renowned name  Godrej with 10 Acres township  loaded with each and every amenity at very affordable/attractive price, the project name is  GODREJ GREENS, coming up at Undri near NIBM in pune , the location which is not only very near to pune centre but also surrounded with best schools of pune ie. DPS, Bishops, vibgyor, sunskriti, singhad & trinity college, Correnthan & country clubs, dobajee shopping mall, clover and upcoming inorbit shopping malls are few highlights of this location, having great connectivity through expressway connecting Pune to mumbai from one side & mahabaleshwar, goa & bangalore to another side. major Highlight of Godrej Greens Project: An expanse of 1.5 acres, the Central Greens has been thoughtfully crafted to consist of many shades of green such as the forest greens, tree plaza, rain gardens and man

Corporation's cellphone app to check legal status of properties

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

AREA WATCH - NEW AVENUES FOR INVESTMENT IN PUNE

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

COVER STORY - Pune poised PERFECTLY

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

7th Pay Commission: Home sales likely to improve, say realtors

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

What is Unified Payment Interface?

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

GST for real estate: Boon or Bane?

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

ON ASCENDING CHART

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