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

  There are many options to insure a property and household goods from theft and breakdowns There are different forms of insurance available for a home. An insurance cover reduces risk. It is therefore advisable to go in for some cover based on the risks involved, and the potential loss. HOME LOAN COVER A home loan availed to buy property can be covered by insurance.This provides a cover for repayment of the home loan in case of the unfortunate demise of the borrower. As the loan amount in case of a property purchase is usually high and the tenure long, there is a greater degree of risk. This policy is more or less like a term insurance, linked with the tenure of the home loan. PROPERTY INSURANCE Insurance for the house itself is available. Here, there is the option of insurance for the household goods.None of these is mutually exclusive.It is possible to opt for one or a combination of more, depending on preferences and risk assessment. Insurance of property cove

Jul 29 2015 : The Times of India (Pune)   Sales and new project launches in the country's real estate sector are recording a dip but analysts observe that Pune continues to see an increase in sales and prices.The city has emerged as one of the best performers in terms of age of inventory and time taken for inventory to be sold. Although residential markets in all major cities are still experiencing a pressure, Pune has shown promising growth The city has replaced Delhi-NCR to occupy the third slot in absorption or sales figures. Even in the number of new launches Pune has surged ahead of Delhi NCR, standing third after Bengaluru and Mumbai in the first half of 2015. Real estate consult ant Knight Frank released the half-yearly report on Tuesday . The research firm has given their findings for the top eight cities -Mumbai, Delhi-NCR Bengaluru, Pune, Chennai, Ahmedabad, Hyderabad and Kolkata. It stated that these residen tial markets were expected to witness a sl

Jul 18 2015 : The Times of India (Pune)   A property buyer needs to deduct tax from the sale amount paid to the seller and deposit the amount deducted with the government While purchasing property, under certain circumstances, a buyer has to deduct tax and remit it to the government. In order to facilitate better reporting of property transactions and payment of capital gains tax, the government introduced a Tax to be Deducted at Source (TDS) at the rate of one per cent on the value of the transfer of the property where the sale amount exceeds Rs 50 lakhs.However, agricultural land is exempt from this tax. Also, no deduction is to be made where the sale amount is less than Rs 50 lakhs. The sum deducted as TDS has to be paid to the central government within a period of seven days from the end of the month in which the deduction was made. It has to be ac companied by a challancum-statement on Form 26QB. The buyer, responsible for deduction of the tax

Jul 18 2015 : The Times of India (Pune)   Santhosh Kumar, CEO operations and international director, JLL India, offers tips for renting out a property India's cities are growing and creating a wide spectrum of opportunities. This means there are a lot of people flocking to cities in search of jobs, higher studies or just for a more cosmopolitan lifestyle.In other words, today's real estate market is flooded with prospective renters.The sky-high property prices in larger cities are keeping 'buy' option out of the reach of the common man, so the rental market is booming.Not surprisingly, countless people have either invested in or are entering the rental real estate segment. Their objective is to purchase homes and rent them. The problem is that many first time landlords are unaware of the potential risks associated with renting out a property particularly a residential one. Renting out a house in India does not always result in smooth sailing; if not app

Jul 14 2015 : The Times of India (Pune) Pune: TIMES NEWS NETWORK   The Pune Municipal Corporation (PMC) has invited citizens to share their ideas on `how to make Pune a smart city'.The campaign aims at increasing public participation in the PMC's effort to garner support for the city's quest for a smart city tag. Mayor Dattatraya Dhankawade said at a press conference on Monday that the competition will involve citizens in the process of making Pune a serious contender for the smart city race. A PMC official said the contest for citizens is available online and offline. People can submit their ideas in maximum 250 words on one or more topics. More information is available on websites: www.punesmartcity.in or www.smartcity.punecorporation.org.  Those who want to write can address their suggestions to additional commissioner (special), PMC, Shivajingar, Pune 5. The last date for entries is July 20. Commissioner Kunal Kumar appealed to citiz

This Article is a guest post from  Pravitha (commonfloor.com) Mumbai has always been at the top of real estate investor’s list. But, is the city slowly losing its charm due to its neighboring city, Pune? Let’s find out. Mumbai, also known as the City Of Dreams, has held the title of being the most expensive city in the country, for a long period of time. The real estate market of the city is booming, but now only millionaires and billionaires can afford to live in the city. The property prices are so high that it is impossible for a mid-income individual to afford a good house. On the other hand, Pune still has affordable housing, and ever since Mumbai-Pune Expressway opened to the public, the travel time between the two cities has reduced considerably. In addition to this, there are many other reasons why Pune has attracted investors. Establishment of IT Parks Due to the development of several IT parks in Pune, a huge number of techies have migrated to this city. If you ar

Jul 04 2015 : The Times of India (Pune) |KANCHAN GOGATE   With the Union government unveiling major schemes for urban and infrastructural development, the realty is set to see a revival, opine experts. Pune needs an extra push to enhance its livability quotient To make the country a better place and making seemingly unreachable housing sector accessible for all, the Union government has launched three ambitious schemes, the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) for 500 cities and towns, the Smart Cities scheme and the Pradhan Mantri Awas Yojana, which aims at building two crore affordable houses.The total investment in these three schemes would be Rs 4,00,000 crore spread over seven to eight years and experts say these programmes have the potential to raise the standard of living in cities and towns and trigger demand in construction and allied sectors.The names of the Smart Cities will be decided based on a competition to be

Jun 01 2015 : The Times of India (Pune)   The Pune Mahanagar Parivahan Mahamandal Ltd (PMPML) and the Pune traffic department plans to start a separate lane for buses coming from Kaspate Vasti, Wakad, to Shivaji Chowk, Hinjewadi to ease the traffic problems of the IT park commuters.“This would ensure smoother and faster movement of buses plying to and from Hinjewadi and they would be able to stick to the timings,“ said Rajendra Madne, general manager, PMPML.“We aim to encourage owners of private vehicles to take the public transport to work,“ he added. “We will do a trial run once the underpass on the KatrajDehu Road bypass opens,“ said deputy commissioner police (Traffic), Pune, Sarang Awad. The underpass is set to open by early June. “We hope there will be a major reduction in wrong side driving as people going to Sus, Baner, Katraj and Kothrud areas coming from the IT park would not need to take the U-turn and can straight away take the underpass,“ said Awad. He a

The Pune Municipal Corporation (PMC) has developed www.pmcconnect.in , a web-based application, to facilitate over seven lakh property owners in the city to pay their property taxes online. It is a self-service solution which will help citizens to manage the details of their online transactions. Once registered, citizens can view and pay their bills and also raise and track service requests. The system is integrated with the PMC's property tax website and will allow citizens to add their details like email ID and phone numbers in the system. Pune has 7.8 lakh properties, including residential houses (self-occupied or rented out), office buildings, and factory buildings, open plots, flats and shops, on which the levy is charged.

Apr 20 2015 : The Economic Times (Mumbai) ET Exclusive - India will Soon Break into a Run, Feels Walker Nishanth Vasudevan Mumbai:   Revival to gather steam on rebound in corporate earnings Jim Walker, among the first strategists to get bullish on India 18 months ago, predicted that economic revival would gather steam on the back of a turnaround in corporate earnings, followed by a rise in investment.And, for anyone with a 3-10 year investment horizon, “India should be your No. 1 priority,“ said the Asianomics founder and former CLSA chief economist in an interview. in an interview. At the same time, he was caustic about RBI not cutting rates. “Recoveries are profit-led, not investment-led,“ he said. “Investment activity is the natural consequence of companies and entrepreneurs spotting and realising profitable opportunities. Governments and central banks can facilitate improved profit outlooks but they cannot create them artificially .“ Although W

Dear Reader/ Property Owners in Pune, Greetings to you... Wish to inform you that there will be Annual Pune Municipal Tax on properties which comes under Pune Jurisdiction to be paid every year and the bill is generated on every March month and delivered in hard paper bill also to your property address letter box however this receiving bill is not reliable as sometimes not delivered or misplaced by the government postal department.  Fortunately, you can find the same bill by visiting pune municipal corporation website: www.punecorporation.org   and www.propertytax. punecorporation.org  (the site is self explanatory) you just need your Consumer/property Number to track it. which will be in a format of eg. O/1/20/0123456 (this is just an example so pls fill your property no. on it) Again this property bill comes once in a year and last date without fine is 31st may of every year, so this year will be 31st May, 2015. if you miss to pay for previous years property tax

Apr 11 2015 : The Times of India (Pune) HDFC rates lower than SBI's Mumbai: TIMES NEWS NETWORK   Cuts Home Loan Rates By 20 Bps To 9.9% For All Borrowers The country's largest housing finance company HDFC has brought down its lending rate by 20 basis points with effect from April 13 (100 basis points = one percentage point). Following the reduction, the corporation will extend loans at 9.9%, which is lower than the rate being charged by the State Bank of India.SBI, the country's largest bank, offers home loans at 9.95% for women and 10% for all other borrowers. The reduction in interest rates by HDFC will bring down the equated monthly instalment (EMI) on a Rs 50-lakh loan (20 years' tenure) by Rs 663, from Rs 48,583 to Rs 47,920. In a statement issued here on Friday , HDFC said the reduction would benefit all customers and the interest cost for existing borrowers will also go down. ICICI Bank has segmented its home loans into vari

Apr 08 2015 : The Times of India (Pune) Sarang Dastane Pune:   As many as 65 tehsils in the state are set to adopt the e-mutation programme for quick delivery of the 712 extracts, the property ownership document, to citizens and help talathis, the local revenue department official, to maintain an updated data of land ownership.The government has been working on the e-mutation programme for two years.There are 358 tehsils in the state. According to the office of the state settlement commissioner, the herculean task of uploading the land related data of every tehsil on the state server was completed last week. After the trial runs which are expected to be completed by next month, the tehsils will start adopting the e-mutation programme. Talathis will be able to generate the updated 712 extracts and deliver them to citizens in less than 15 days. “The implementation of emutation is likely to begin across the state next month. Some tehsils have already adop

TNN | Mar 26, 2015, 12.58 AM IST MUMBAI: Immovable property — land, house or flat — can now be transferred to one's children or blood relatives without paying stamp duty for registration. This will come as a major relief as families won't have to pay a 5% of the ready reckoner rate of the property as stamp duty. Making the announcement, revenue minister Eknath Khadse said an affidavit on a Rs 100 stamp paper would suffice. He later changed it to Rs 500 as the government no longer deals in Rs 100 stamp paper for property matters. In other decisions announced in the House on wednesday , those with 500sq ft or smaller homes do not have to pay the increased property tax and the government will allow twice the transfer of development rights to a landowner in lieu of land surrendered for a public amenity. Replying to a discussion on the budgetary allocation for the urban development department, chief minister Devendra Fadnavis said the government is framing a new poli

Auditing documents of a housing society is a cumbersome process. However, if one follows guidelines, the process can be made easier Are the tedious procedures in auditing of your co-operative housing society taking a heavy toll on your personal time and energy? It's not only the key `administrators' like the chairman and treasurer involved in managing the society, but each and every member of the society needs to be ready with paperwork, prior to auditing. Protocols to be followed for the seamless functioning of the society, are decided in the annual general meeting. Despite maintaining all the financial statements as decided in the meeting, even if there is the slightest slip-up in the documentation, the whole process goes for a toss and this matters a lot, especially when you are tied up with several other things in your personal and professional life. A systematic auditing process for the members of a housing society gives a feeling of assurance among its members that th

PUNE, DHANORI, The area has almost 70 per cent of properties ready for end-users Are you looking for ready to-move-in projects in the North-Eastern parts of Pune? Dhanori is one locality that you may want to consider.Magicbricks research data reveal that out of the total properties present, almost 70 per cent of properties are ready to movein for end-users. PROPERTIES ON OFFER Most of the ready-to-move-in properties in Dhanori offer 1BHK and 2BHK units. The 1BHK units sized 500-700 sq ft fall within the budget range of Rs 27 lakhRs 40 lakh. For a 2BHK unit sized 850-115 sq ft, one may have to spend Rs 30 lakh to Rs 60 lakh. So, does this mean one can negotiate while buying a property in Dhanori? Since, there are plenty of housing options available currently in the area, industry experts say that one can easily negotiate up to 10-15 per cent here. WHY DHANORI? With the advent of IT establishments within the city, the real estate face of Dhanori has transformed. “A huge influx of

Pune: TIMES NEWS NETWORK   State Claims PMC Got Enough Extensions, But Failed To Stick To Deadline The state government on Friday took over the Development Plan (DP) for the old city areas and appointed a three-member committee headed by divisional commissioner S Chokalingam to prepare a plan.The state reasoned that the civic body had failed to complete the procedure within the stipulated period and refused any further extension. Mayor Dattatreya Dhankawde said the PMC would challenge the decision in court. CM Devendra Fadnavis said, “As per the (MR&TP) Act section 30, it is observed that PMC is unable to present the DP to the state government within the extended period of March 19, 2015. Hence, as per the section 162, a committee of three members under the chairmanship of Pune divisional commissioner comprising municipal commissioner of Pune and town planning joint director will complete the remaining work (of the plan) and submit it to the government as p

By:  Express News Service  | Pune |  Updated: March 1, 2015 2:39 am Pune, The long wait for a metro rail in the city seems to be coming to an end. The union government has a plan outlay of Rs 126.58 crore, equity of Rs 70.38 crore and loans of Rs 56.20 crore for the Pune metro rail in the 2015-16 budget. The metro rail service for Ahmedabad, Lucknow, Jaipur, Vijaywada and Vizag too has been included in the expenditure budget of the union government. Nagpur metro is also on government’s agenda as the plan outlay for Nagpur metro rail is estimated at Rs 143.85 crore. The DMRC submitted the detailed proposal for Pune metro rail in 2009 with an estimating project cost of Rs 7,984 crore. It was revised last year to Rs 10,183 crore. Now, the DMRC has estimated the cost to be Rs 10,869 crore for the two routes from Swargate to Pimpri-Chinchwad and Vanaz

Feb 18 2015 : The Times of India (Pune) Relief for techies: Chinchwad to Hinjewadi road to be widened Pune: TIMES NEWS NETWORK   PCMC Chief Puts Proposal In Draft Budget People who commute to work from Chinchwad to Hinjewadi IT Park may finally get some relief from traffic congestion as the Pimpri Chinchwad Municipal Corporation plans to widen the road from Shivaji chowk in Hinjewadi to Bhumkar chowk and further up to Dange chowk in Thergaon. The Shivaji chowk is

Feb 07 2015 : The Times of India (Pune) Amit Sethi Tp Pune   For breaking into the maiden Smart City list, Pune needs its civic administration on-the-ball with up-to-date infrastructure Smart City project comprises residential as well as commer cial units with associated infrastructure like roads, market, schools, entertainment facilities, sewage, water treatment plants et al.These are self-sustained micro cities with open spaces and segregated complexes for residential and commercial use. Pune seems to have lots of potential for smart city development, but is it ready immediately for claiming a seat in the first 100 Smart Cities in India?

Greetings, 12.5 ACRES AGRI LAND (Proposed Residential Zone) AVAILABLE FOR SALE IN LOHEGAON on Wadgoan - Shinde Road, VERY NEAR TO MMIT & DHANORI & PUNE AIRPORT, 400 feet frontage to Road, absolute clear title@ Rs. 1400/- per Sqft. Negotiable., Total Price 70 Crores.  Great Potential, Ideal of Development of Scheme. Location link: http://goo.gl/maps/BRZtV Attachment: 1) screen shot of GPS location indicating plot but not to scale. 2) Actual Road photo. Call#91-9822052388, email: deepaksundrani@gmail.com  (DEEPAK SUNDRANI, THE GURU REALTY)

Jan 17 2015 : The Times of India (Pune) MUNDHWA MAKING WAVES (Source: Magicbricks com Bureau)   The area is witnessing a rising interest from high-end realty players BRANDED REALTY ENTERS MUNDHWA As the Pune Municipal Corporation (PMC) is all set to expand its limit to another set of 32 villages, one of the 'would-be' inclusions, Mundhwa, is already witnessing a rising interest from high-end realty brands. Magicbricks brings you details: “Some of the renowned names of the real estate have recently made land transactions in Mundhwa.

Dear Readers,  wish you & your all family a very very VERY happy new year, wishing for you a perfect health and abundance of happiness & prosperity..enjoy every day, month & years ahead forever With lots of love, from Deepak Sundrani.

Source: Dec 12 2014 : The Times of India (Pune) What The Future Holds Sumant Sinha   Stars align themselves in India's favour as 2014 draws to a close As 2014 winds down, it was really a year in two distinct parts. The first, breathless and leading up to elections, had the economy bumping along at the bottom with 4% growth rates, no visible hope, policies or new investments. For the second part beginning end-May , hopes and expectations rose and there were some policy pronouncements.The new government clearly means business, and in a first for India stated clearly that it is “pro-business“. What does this and other global developments augur in the next year?

Dear Friends, Greetings to you! It gives me great pleasure to  introduce you to a high return land investment opportunity in one of India’s most developed state – “Maharashtra”. The state capital Mumbai is undoubtedly India’s commercial hub. Mumbai is the financial capital of the nation and the headquarters of all major banks, financial institutions and insurance companies in the country. The state prides itself on being home to the largest Industrial & IT corridors. Education hubs like Pune, the scenic beauty of the Sahyadri mountain range and the 720 kilometer long coastline make Maharashtra one of the preferred tourist destinations in India too! The State of Maharashtra is the wealthiest and most developed state in India, contributing approximately 25% of the country's industrial output and 23.2% of its GDP. It has an infrastructure that is rapidly improving and combined with a life-prolonging moderate weather all year round, it makes Western Maharashtra an ideal dest

Source: Nov 24 2014 : The Times of India (Pune)                                                                                                                                                                                                    Pune:   Many Continue To Live In Unsafe, But Affordable Flats For Lack Of Options Any creaking sound or a heavy vehicle hurtling down the road has residents of Narhe-Ambegaon drop what they are doing, and stand firmly on the ground hoping it wouldn’t cave in like the building in their neighbourhood did a few days ago. Images of the building collapse that had claimed a young life are still fresh on their minds. They battle sleep disorders, but continue t

*Inspection Report Likely By End Of November* Pune: The district administration will seek the help of civil engineers from other government departments to survey buildings and structures in fringe areas of the city. The survey will start on November 10 and is likely to end by the end of the month. The issue of illegal buildings in the fringes of Pune city came into focus after a six-storey building collapsed in Narhe killing one person.

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

Dear Friends, Election season Is going on in Maharashtra so thought to share you following link: You can search in Voter List for your name via internet. Just click on the link given below. http://103.23.150.139/marathi/