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

The draft development plan PMRDA has released proposes to develop city sustainably over 20 years, marrying liveability with economic growth The draft plan provides for 26 town planning schemes, 10 metro rail routes, two ring roads (123 km and 173 km), 59 public housing projects, 152.19-km Pune-Nashik semi high-speed rail, 89.65-km crescent railway, 12 logistics hubs, and nine truck terminals, among other things. The Pune Metropolitan Region (PMR) is getting ready for a major upgrade. If the proposed Rs 73,000-crore draft development plan (DP) for PMR gets approved and implemented, it could make a significant impact on the way its residents live and work. The draft DP the Pune Metropolitan Region Development Authority (PMRDA) has released is intended to guide the development of PMR over the next 20 years, with the goal of making it India’s most liveable habitat and a premium international investment destination. Suhas Diwase, metropolitan commissioner and CEO, PMRDA, says the draft plan

WHY GIFT needed: In INDIA, there are many instances where someone wish to gift his/her owned movable or immovable (property) to close relatives with love & affection so in this situation, one can simply use route of GIFT DEED to save stamp duty and transfer property to his/ her relative. What is the meaning & advantage of Gift Deed? A gift deed is a document by which ownership of the property can be transferred  without any Consideration . A person who transfers the ownership is called a  “Donor (Giver)”  and the person who gets the ownership is called a  “Donee (Receiver)” . Properties That can be Gifted Through a Gift Deed Both immovable and movable properties can be given away as gifts by the donor to the donee. Immovable property means land or any benefits arising out of land or anything attached to the earth but does not include growing crops, standing timber or grass. The properties that are not considered immovable properties are considered as movable properties. However

NRI Populations: Overseas Indians, officially known as Non-Resident Indians (NRIs) or Persons of Indian Origin (PIOs), are people of Indian birth, descent or origin who live outside the Republic of India. According to a Ministry of External Affairs report, there are 32 million NRIs and PIOs residing outside India. The NRI populations will be expected to grow 1% + every year which turns in number around 320,000 every year & this number may quite bigger in reality as india is well connected globally and poised to grow very fast in near future.  PAN CARD is Mandatory: A PAN (Permanent Account Number) Card is mandatory not only for resident Indians but also for NRIs who wish to invest in India or have any Indian income. Let’s understand the uses of a PAN card for NRIs and OCIs. PAN NO.  Permanent Account N​umber (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to ​any "person" who applies for it or to whom the dep

What is an Aadhaar Card? Aadhaar is a centralised system of identification using a 12-digit number that is linked to biometric data. It is designed to replace all previous methods of identification in India such as birth certificates and ration cards that are prone to loss and damage of records. Benefits / Usage of Aadhaar for NRI As an NRI, you will need a valid Government of India issued identity document to make any financial transactions in India. An Aadhaar card or its digital version e-Aadhaar is one such document. This article explains how you can apply for an Aadhaar card and its benefits. Can an NRI get an Aadhaar Card? Initially, the Aadhaar Card was accessible only to Indian residents. NRIs who wished to apply for one had to reside in India for a minimum of 182 days before they could enrol for it. However, in July 2019, the Government released an intimation to ensure quicker processing for NRIs with "Aadhaar on Arrival". The amendment to the bill proposed that the

Maharashtra RERA is having the most number of residential projects registered under it across the country. As per the RERA norms, all registered projects are mandated to submit their project details on the RERA website. Here’s a step-by-step guide to navigate through the website and extract all real estate project details. Of all the States that notified the Real Estate (Regulation and Development) Act, 2016 rules, MahaRERA has been the most active in terms of executing the norms across the State. The State regulator came into force in May 2017, much before other State’s had formed their regulatory authorities. Interestingly, MahaRERA also takes care of the property registrations in Daman and Diu, and Dadra and Nagar Haveli. many homebuyers are still not aware of the process to check various project related details along with its RERA-compliance. Here, Sharing Step-by-step guide to find RERA-related details of a particular project on Maharashtra RERA’s website. Finding project related

Delighted to share that we have assisted Sahyadri Agro which are one of the largest exporter of fruits & vegetables of India to find suitable space to establish their one of the first retail store in Pune. It’s really a great feeling to be part of such brand at this early stage of their retail chain expansion. Looking forward to bring & assist many more brands in near future to our rapidly growing, amazing, immensely potential city of PUNE. 

Buyer is liable to deduct and pay taxes. Section 194IA deals with the requirement of TDS deduction by the buyer at the time of purchase of the property. Requirements of section 194IA From 1 June 2013, when a buyer buys immovable property (i.e. a building or part of a building or any land other than agricultural land) costing more than Rs 50 lakhs, he has to deduct tax at source (TDS) when he pays the seller. This has been laid out in Section 194-IA of the Income Tax Act. The buyer has to deduct TDS at 1% of the total sale consideration. Here, the buyer is required to deduct TDS, not the seller No TDS is required to be deducted if sale consideration is less than Rs 50 lakhs. The buyer of any immovable property need not obtain a TAN (Tax Deduction Account Number) for making payment of the TDS on immovable property. You can make the payment using your PAN. For the purpose of making payment of TDS on immovable property, the buyer has to obtain the PAN of the seller, else TDS is deducted at