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

Dear Readers, recently I have posted many articles regarding opting bank finance to purchase properties which is having great advantage & necessities to own property in today’s scnerio. Here further, got an opportunity to talk my old time client cum friend Mr. Avnish Bhatnager working as a chief manager in Bank of Baroda & he has shared with me really a great advantages to go for bank Finance route to own a property so I requested him to share his views in writing small piece which can help many readers & aspirants looking to buy property & still thinking to go for bank Finance or not. Here is piece of small text message from Mr. Bhatnager: “ It is very simple to understand the advantages of availing loan to acquire property First it is available at cheapest possible rates at one should avail it from well reputed leading organisations viz Nationalized banks, leading Pvt banks. The EMI payable every year not only save,/reduce Tax liability Becomes compulsory savi

ASSESS YOUR FINANCIAL HEALTH AMIT SETHI  TIMESPROPERTY Buying a home in a leading metro is no easy feat, especially because it turns out to be an expensive purchase. Therefore, a lot of people opt for a home loan to realise their home-buying dream. So, if you are looking to opt for a home loan it is extremely important that you bear in mind the ‘consequences of a good credit score’. In fact, if you do not have an ideal credit score, you may also be refused loan from most of the leading banks in the city. HOW CAN YOU SECURE A HOME LOAN DESPITE A LOW CREDIT SCORE? If you have a low credit score by a few points, then you can opt for the following steps to get the home loan: Provide additional security to the lender; Improve the credit score by disciplined use of existing debts and credit cards; Apply for a home loan jointly with spouse/relative; Try to get a loan from NBFC. In conclusion: A good credit score is an extremely important tool to assess an individu

THE LOAN THEORY AMIT SETHI TIMESPROPERTY Availing a home loan is not a difficult task anymore. However, ensuring due-diligence and choosing a scheme, which would be beneficial in the long run are not easy. Hence, here our experts guide you through and seek an answer to the quintessential question - which type of home loan would best suit me? THINGS TO KEEP IN MIND   : Home loan borrowers should also check the down-payment required for the loan. Amitava Mehra, CEO, India Mortgage Guarantee Corporation suggests, “A consumer needs to be clear about the kind of house he is looking to purchase and the budget he wishes to spend on the same. Additionally, it is important that as a home-buyer, you are aware of how much of your savings you wish to spend as your down-payment and the amount you wish to borrow from the bank.” Choosing the best home loan scheme would mean that you would save money in the long run. PROS AND CONS OF DIFFERENT TYPES OF HOME LOAN   : Navin Chandani,

A CLASS APART KANCHAN.GOGATE (COURTESY: ANAROCK PROPERTY CONSULTANTS) The union cabinet recently decided to increase the carpet area of houses eligible for interest subsidy under the creditlinked subsidy scheme (CLSS) for the Middle Income Group (MIG) under the Pradhan Mantri Awas Yojana (PMAY). The existing carpet area is 90 square metre for MIG I while it’s 110 for MIG II. The revised area stands at 120 square metre and 150 square metre respectively. The new policy is applicable to the schemes from January 1, 2017 onwards. While affordable housing has been the core agenda for the present government, the ambitious PMAY has been envisaged to provide houses for MIG and EWS. And the recent move is expected to help them realise their home-buying dream. EXPERTS SPEAK: “  Home-buyers stand to gain from this move. The fence-sitters, especially, who were delaying their home purchase will now be given a further push. Builders can also accelerate the sale of housing units, whi

When opting for a home loan, you must not simply stop at a suitable rate of interest - there are other aspects that can affect your EMI payment capacity too AMIT SETHI Are you planning to opt for a home loan? There are many loan varieties available in the market and you must be aware of your requirement to ensure you select the right product. Lending institutions may keep a low interest rate to attract you but they may simultaneously levy high charges that you may not figure out at the very onset. “The Home Hunt 1.1 survey by IMGC, revealed that among the top three challenges faced by home-buyers in obtaining a loan are: high interest rates followed by a  lack of loan history and difficulty in getting the desired loan amount ,” says Amitava Mehra, CEO, India Mortgage Guarantee Corporation. Importance of interest rates: Since home loans are long-term loans, even a small variation in the interest rates can have a big impact. “It is very important to compare the interest rat

Pune:  The Pune Metropolitan Region Development Authority (PMRDA) has signed a memorandum of understanding with Los Angeles-based Virgin Hyperloop One to conduct a feasibility study of developing a Pune-Mumbai route. The report will be readied in six weeks. Hyperloop is a cutting-edge mode of transport, which carries passengers and freight in pods via electro magnetic propulsion through a low-pressure tube. The medium is a fast, direct-to-destination transport mode that can achieve speeds of up to 1,080 kmph. The Hyperloop is also stated to be cost-effective, efficient, safe and reliable. In short, a person can travel from Pune to Mumbai in 14 minutes. The 100km route would cost about Rs26,000 crore. “The per km cost of development (Rs260 crore) is lower than the cost of an underground metro (Rs750 crore),” said Nick Earle, VHO senior vice-president. On Wednesday, the PMRDA and VHO signed the MoU in the presence of chief minister Devendra Fadnavis. VHO will work with its pa

LET’S TALK BUSINESS According to a recent research, some of the key office micro-markets in Bengaluru, Chennai, Hyderabad and Pune witnessed highest rental growth in 2017 As the office demand continued to intensify in Q2 2017, an upward pressure on rental values was observed in a few micro-markets across India. A high rental growth was seen mostly in south cities like Bengaluru, Chennai and Hyderabad where y-o-y change ranged between 8-17 per cent at some locations. Hence, according to Colliers Research, the top eight office micro-markets that witnessed the highest rental growth in 2017 are as follows: Bengaluru - CBD Bengaluru CBD micro-market has always been the first preference of BFSI and IT occupiers primarily due to its connectivity and prime location. In spite of having limited availability of office spaces and supply, the micromarket has witnessed 17 per cent y-o-y rental appreciation. Chennai - Off CBD This micro-market, which is predominantly an IT market has obser

Untimely deaths in a large number of households are often overshadowed by family members squabbling over inheritance. Thus, it is advised to make a valid will in one’s lifetime so as to reduce any scope of family feud over property of the deceased. Magicbricks compiled a list of 10 things that you must know before you decide to write a will: SHAVETA DUA 1 Who can make a will:  Any person of sound mind, who is not a minor, can make a will. 2 Who can be a legatee:  A legatee is the principal beneficiary or inheritor. A minor, lunatic, a corporation, a Hindu deity and other juristic person can be a legatee. If the minor has been named as legatee by a testator, then a guardian should be appointed by the testator to manage the bequeathed property. One can make some provision for a faithful servant, a nurse or a friend in need of money. 3 Ensure it is errorfree:  A valid will should clearly spell out the name of the testator, without any error in initials, spellings or any gramm

NEW DELHI:  Real estate investment in India's six major cities doubled to $2.87 billion in the year ended June 2017 as Mumbai attracted maximum capital and was ranked 81st globally, according to Cushman & Wakefield report. "India received a total real estate investment of $2.87 billion in the six cities - Mumbai, Bengaluru, Pune , Delhi-NCR, Chennai and Hyderabad - which was an increase of 100 per cent," the property consultant said. These six cities were able to attract capital because of strong economic drivers, acceleration in reforms, high yields and rapidly modernising business base. "Mumbai recorded real estate investments of $1,749 million, placing it on 81st position in global survey ranking cities by their success at attracting capital," C&W said. Mumbai was ranked 149th out of about 400 metros globally in the last year ranking. Out of the total real estate investment received by six cities, the report said the largest share of over 55 p

Nov 01 2017 : The Times of India (Pune) New Delhi TIMES NEWS NETWORK   Now Among 5 Most Improved Countries: WB India today is a substantially easier place to do business than it was a year ago, the World Bank's Doing Business 2018 report said on Tuesday . The 15th edition of its annual study that rates 190 countries on ease of starting and running businesses placed India at 100, 30 ranks higher than last year.India's business environment improved at the fifth fastest pace in the world in the past 12 months, though it still ranks lower than other large emerging economies like China, Russia and South Africa. Thailand, Malaysia and Indonesia too are ranked higher than India. Among the top improvers, India implemented the maximum reforms after Brunei Darussa lam, the WB study said. “It has never been easier to do business in India,“ PM Narendra Modi tweeted after the report was out. Pleased with the World Bank study saying that India has become a muc

Oct 08 2017 : The Times of India (Pune) Pune: TIMES NEWS NETWORK   The proposed Pune international airport at Purandar will collaborate with Singapore's Changi Airport while planning for the Pune metropolitan region will receive a boost with help from a Singapore consortium, which helped in the development of Andhra Pradesh's capital Amravati, chief minister Devendra Fadnavis said after inaugurating the new collectorate building in the city on Saturday .Having recently met the Singapore authorities, Fadnavis stated that Changi Airport International Ltd has agreed to speed up assistance for Pune airport with an MoU signed between the two authorities. “Changi airport is the best in the world and has bagged many awards. Their collaboration will definitely boost the proposed airport,'' stated the chief minister.Singapore based AscendasSingbridge and Semcorp Development, which had formed a consortium for development of Amravati, will help in

The site is strategically located just off the Mumbai - Pune expressway and very close to prime commercial centers such as Wakad, Hinjawadi, and the automobile hub at Pimpri Chinchwad MUMBAI: Realty developer Godrej Properties has entered a partnership to develop a residential project on around 59 acres at Mamurdi in Pune. The project will offer nearly 4.5 million sq ft of saleable area, the company said in a release. “We are happy to add this large new project in Pune which is a critical growth market for us. This fits with our strategy of deepening our presence across the country's leading real estate markets," said Pirojsha Godrej, Executive Chairman, Godrej Properties. The site is strategically located just off the Mumbai - Pune expressway and very close to prime commercial centers such as Wakad, Hinjawadi, and the automobile hub at Pimpri Chinchwad. It is situated behind the MCA stadium and is well connected to the social infrastructure at West Pune.

Dear Readers/Prospective buyers/ Investors, Thought to share my mentioned below correspondence about potential areas for real estate investment in pune which may be useful for you to take best decision to invest in PUNE city. Dear Mr. , Greetings to you and many thanks for your phone calls few days before and just now also about your interest to invest in pune.  Thanks to Ms.......  who has referred you to us, still wish to introduce our company THE GURU REALTY run by me Deepak Sundrani" as an Estate Consultant operating & working Real Estate Consultancy Company in Pune City, Maharashtra since last 10 years & having partner in Dubai, UAE and already marketed & sold projects of many renowned Developers. We are core into real estate services and providing assistance to all requirements related to real estate i.e. Buying-selling, leasing – renting & property management professionally to all our clients be it corporates, individual clients or Nri

Sep 02 2017 : The Times of India (Pune)   Real estate has always been a safe and risk-free investment option. If you have saved enough money, invest in a second home and get handsome returns in the future Tax breaks: If you invest in a second home, there are multiple tax benefits that you can avail of. One of the major advantages is the interest payment benefits that you are claiming for your first home.However, in the General Budget for 2017-18, the union government decided to cap tax benefits on the purchase of a second home.This may deter people to use real estate as an instrument to save tax.Till now, if one bought a second house by taking a loan, the interest of the loan was treated as an expenditure to acquire the asset.Therefore, the entire interest payment, minus the rental income from the property, could be deducted from the buyer's gross earnings.Safe retreat: Developers are offering retirement homes with guaranteed rental income. The

Sep 02 2017 : The Times of India (Pune) ANURADHA RAMAMIRTHAM Timesproperty  Planning to buy a home but apprehensive about taking the plunge? Fret not, as we bust a few home-buying myths Buying a home is one of the biggest decisions a person makes in his lifetime. Hence, we are bound to be extra cautious and many a times, get entangled in unnecessary conjectures, which more often than not can be detrimental and delay the decision-making process. Here are a few home-buying myths that we bust for you, so that you can go ahead and take the plunge. MYTH: GST has made home-buying complicated FACT: GST has subsumed all the indirect taxes and hence, made it easier for potential home-buyers. Earlier, due to information asymmetry, consumers were largely unaware of how VAT and service tax were calculated definitely, the entire tax calculation was too complex for lay people to understand. But now, the math is simple under-construction properties will be charged at 12 per cent (excluding

Sep 02 2017 : The Times of India (Pune) Sanjay Gupta Times property   When purchasing a property, ensure that you make an informed choice. Ask yourself, is it a leasehold or freehold property? While buying or investing one's hard-earned money in the real estate sector, it is prudent for the buyer to ascertain whether the property is freehold or leasehold. While both have their pros and cons, the onus lies on the buyer to understand the nuances of the same. Devendra Garg, an advocate, informs, “The main difference between a freehold and leasehold property is the land ownership and control. Normally, people prefer to buy a freehold property (house, flat, land, shop or other types) because the owner has undisputed right in the title of property. As per the law, the owner of a freehold property can transfer or sell the ownership of the property to anyone.Also, through registration of the property by the sale deed, one can either sell it or buy freehol

Under the agreement, the partnership will invest about USD 250 million, which will be used primarily for buying land and setting up initial infrastructure. PTI    |   August 21, 2017, 08:10 IST  Newsletter A   A   in Share 1   MUMBAI: Diversified  Shapoorji Pallonji  group's real estate arm is lining up at least six projects across the country in 2017-18, with two in the affordable housing segment, a senior company official said. "We plan to launch at least six projects this financial year. Out of these, we would be developing two projects under our 'Joyville' brand to build affordable homes," Shapoorji Pallonji Real Estate Chief Executive Venkatesh Gopalakrishnan told PTI here. Of the six, 2-3 projects are being planned to come up in the megapolis, two in  Pune  and one in the National Capital Region (NCR), he said, adding that the company already has 40 million sq ft land bank across the country. "We will be officially la