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

Greetings...... Wish to share general important information regarding 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/interest  is 31st may of every year. if you miss to pay for previous years property tax bill then new bill will be the cumulative of all dues.

Industry insiders say that the next ten years are key towards transforming our real estate from just concrete to earthy. A walk through the Garden of Eden, over the lilies of the valley and across the land of milk and honey - that’s what we can have if India ensures that its real estate industry sticks to its guns and builds the next 70 per cent of real estate with mother earth in mind. Currently, India has only five-six per cent of its real estate built, taking into account the adverse effects of cement and concrete on land. The complete lack of awareness about the positives has been cited as one of the major reasons why the developer community has been hesitant to take on the mantle of building green. Anuj Puri, chairman, ANAROCK Property Consultant, says, “The general awareness of such homes is minimal in our country. Thus, there is a dire need on the part of the government to create awareness, and above all, incentivise developers. At the local level, state governments h

A strong macro-economic environment, stable yield, robust demand and India’s emergence as a hub for global in-house centres/captive centres, have led to 2018 being a significant year for the commercial real estate sector The year 2018 has been a remarkable year for the Indian real estate market, especially w.r.t regulatory reforms. Through dedicated initiatives like RERA, REITs, Ease of Doing Business and Housing for All, the industry witnessed the much-needed transparency across the realty value chain, thus enabling a ripple effect on capital inflows and ensuring a strong performance by the commercial real estate sector. “Buoyed by a positive business sentiment and robust growth driven by optimistic prospects indicative of India being the fastest growing economy globally, the commercial sector put in a very strong performance in 2018. In fact, leasing activity registered strong gains at 40-41 mn sft (before the year is over). As per Q3 2018 numbers, Year-To-Date (YTD) leasing

The commercial real estate market has had a good year with demand outstripping supply. As of now, it is expected that the trend will continue into 2019 and prices will remain firm in select markets, says Rajat Gupta, Managing Director — Advisory & Transaction Services, India, CBRE. Gupta, recently in Kolkata to attend a CII seminar, spoke to  BusinessLine  on the outlook for 2019, expected price movement and the impact of GST on commercial real estate. Excepts: How has the year 2018 played out for commercial real estate? This year (2018) has been a good year for commercial real estate. The seven large cities — Delhi, Mumbai, Bengaluru, Hyderabad, Chennai, Pune and NCR — are expected to report around 42 million square feet of absorption; which is expected to be an all-time high. The incremental supply this year will hit a high of 30 million square feet. So demand outstrips supply. This is also a reason why most preferred office micro-markets in the country have seen an i

As per data made available by real estate consultants, total office absorption across the top 7 cities is geared to cross 39 mn  sq  ft  in 2018 The year 2018 saw demand for Grade A office stock grow. While co-working emerged as the new poster boy of commercial real estate, logistics and warehousing saw significant growth. Despite minimal new supply in 2018, the retail real estate sector held its own on the back of conducive FDI norms. Leasing activity:  As per Cushman & Wakefield estimates gross leasing activity is expected close to 50 mn sq ft. This has been supported by robust space take-up by IT-BPM sector with global captive centres clocking impressive numbers as well, and the co-working revolution consolidating its gains with a strong showing during the year. Total investments  Of the total investments in the office space during the year, approximately 77 percent of the investors were of foreign origin, cementing foreign investors’ trust in the Indian commercial space

PUNE: The property registration department has earned over Rs 25,317 crore in revenue between January and November this year — over Rs 3,000 crore more when compared to Rs 21,950 crore income in the same period last year. The department managed to process 19.34 lakh documents between January and November this year as against 20.72 lakh documents registered between January-December last year. “Since 2013, we have been registering an average of 22 lakh documents ever year, barring 2017 and 2016 when the registrations dipped to 21.49 lakh and 20.46 lakh, respectively,” department officials said. Deputy IGR Supriya Karmarkar said the department was hopeful of achieving the Rs 25,000 crore financial year (April to March) target with steady rise in registrations. “When it comes to the financial year, we have already achieved 70% of the revenue target and expect to earn the rest in the remaining months,” she said. State Credai president Shantilal Kataria said the numbers were good, espe

The city of Peshwas, once known for its wada-style housing and traditional bazaars, is now home to luxury hotels, fine dine restaurants and fancy apartments. Luxury real estate was the early entrant into the traditional market and the segment has seen a jump of 10 percent in prices in the past year, states Cushman and Wakefield. Hotels such as Conrad Pune brought global hospitality experiences to Pune. Fine dining restaurants and fashion businesses followed suit. My first reaction when I heard that the country’s first Conrad was opening in Pune, was, “Why Pune?” The India debut of Hilton Worldwide’s luxury flagship was much-awaited by its patrons and those who track the hospitality industry. Conrad had been planning its India foray for quite a while, on the back of its growing GDP and the interest from the local market in fresh hospitality experiences. Pune, then, seemed a rather offbeat choice. Given the way the luxury market in Mumbai’s neighbouring city has evol

A well-regulated real estate market will spur the world’s biggest asset managers to look at India more seriously over the long-term Mumbai:  Real estate may be down in the dumps right now. But even so, compared with most other big businesses,  real estate remains one of the best to put your money into. At its core, real estate is the coolest even in failure. You build an airline on leased planes and if it fails all that the lenders are left with is a brand with which they can have ‘Good Times’ while humming  Oo La La, La, La, Le, Oo . If real estate fails, lenders to the project still have the land and nothing as an asset gets as real as this. Yet, it’s been a business that most respectable entrepreneurs have so far shied away from because it’s a trade vilified—mostly for the right reasons. For one, real estate has been the coolest way to generate and park slush funds for political parties. Much of the surging value of real estate springs from picking obscure land on the cheap an

NEW DELHI: Banking on growing domestic tourism, foreign tourist arrivals, airline passenger numbers as well as muted supply growth, hotel chains and sector experts predict 2018 to result in better room revenues and profit margins than in the year that just ended.  The past year saw the start of an uptrend in the , but was also marked by multiple challenges like curbs on liquor sale and the rollout. With these issues behind them, hotel operators expect business growth to pick up momentum in 2018.  Demonetisation and the ban on liquor sales within 500 meters of highways had affected MICE (meeting, incentive, conference and exhibition) activities and the food and beverages segment, said Pavethra Ponniah, vice president at ratings firm ICRA. “As active supply pipeline — especially the hotels which are nearing completion — is still narrow across most cities, we expect the industry growth to pick up significantly starting financial year 2019. By then, domestic demand would have fully rec

Pune: After launch of Conrad by Hilton, Marriott Suites & Crowne Plaza, in 2016; Ritz Carlton will make its debut next year. That Pune has emerged as the fastest growing IT hub and now a start-up centre as well is known; what is not is that the city is also seeing the entry of premium global hospitality bra nds. In the first six months of 2016, Pune has seen at least four new properties coming up. Earlier this year, Pune marked the debut of Conrad brand from Hilton Worldwide. Crowne Plaza launched its brand, while Marriott Suites began opened a new hotel here this year. Ritz Carlton is expected to make its debut in the city next year. According to a study by ICRA, the city currently has a total luxury room inventory of 4,800, a number that is expected to go up by another 1,100 by the end of this fiscal  year. “The national occupancy rate is around 62-64 per cent, Pune reported occupancy of about 67 per cent in FY2016, following 58% in FY14 and around 61% in FY15.  When the indu

New Delhi: India has leapfrogged 23 places to the 77th rank in the World Bank’s global Ease of Doing Business rankings, a feat which is likely to boost the government’s reform credentials and raise the country’s attractiveness for investors. The report released lists India and China as the two large economies which are among the 10 biggest reformers among 190 countries. New Zealand, Singapore and Denmark were on top of the list. Among the BRICS countries, Russia and China were ranked higher. The sharp jump in India’s ranking is largely driven by feedback from stakeholders who say it is now significantly simpler to get construction permits and ship goods across the country’s borders as well as reforms in other regulatory and process approvals. The latest rankings will bolster the BJP government’s reform record and comes at a time when the government has been battling criticism on the economic front amidst a weak currency, widening current account deficit and choppy financial

Pune: Business and political leaders from both India and China on Saturday pushed for more trade ties and investment by both countries due to global trade wars and unstable commodity prices, with the Indian leaders plugging for investment in Maharashtra. The leaders, including state tourism minister Jaykumar Rawal, members of the diplomatic corps of the Chinese government, and officials from the Maharashtra Industrial Development Corporation (MIDC), besides industry captains from the region, spoke at the Seventh China-India Forum at a star hotel near the airport. Union commerce minister Suresh Prabhu also spoke briefly through a video link, on exports of rice and medicines to bridge the trade deficit, which is skewed heavily in favour of China. The representatives also signed four MoUs at the forum, including a film production and distribution deal, as well as an environmental conference between Indian and Chinese representatives. The Chinese delegates praised the burgeonin