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Lost Property Documents? What Next?

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What happens if your property documents are lost or misplaced? How you will prove ownership on the property? Well, recently I got a case of lost property document. My friend wanted to purchase a property. He selected one property at prime location and reasonably priced. He was about to buy the property. However, before finalizing the deal he asked for the original paper from the owner. The owner was unable to produce all property documents. The owner expressed that the old sale deed is misplaced by his banker due to negligence. Now my friend is in confusion about what to do next? He has taken advice from the advocate and decided to proceed further. Misplacement or loss of property documents such as sales deed, property registration documents, and the title deed is a serious matter. You should not take it lightly. If any of your property documents are missing or lost you may face problems at the time of selling a property. Here is complete information about what you should do to

Nirmala Sitharaman extends ITR filing, GST return deadline to June 30

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Amid growing concerns over the coronavirus pandemic, Finance Minister Nirmala Sitharaman on Tuesday announced a slew of financial relief measures to help deal with the pandemic-induced economic crisis in the country.  In a press conference, Sitharaman touched upon the taxpayers' concerns surrounding Income tax returns, compliance, and the deadline related to GST, IBT related matters, bank related compliances etc. This comes after the Finance Minister revealed that the Narendra Modi-led government is working on a financial relief package to help people in the light of the COVID-19 pandemic. In her tweet addressed to her 2.8 million followers on Twitter, FM added that she will be addressing the media on “statutory and regulatory compliance matters” on March 24. Income tax related:  FY 2018-19 the last date for IT returns will be now extended to June 30, 2020.  For delayed payments, interest rate reduced from 12 to 9 percent.  No extension but on delayed deposit of TDS,

Digital land records can ease realty transactions

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Source: Livemint --New index assesses the extent of digitization of land records in various states and UTs --Modernization of land records in digital format will smoothen transactions and reduce land and property disputes Nearly three-fourths of Indian households’ wealth is invested in the real estate sector, yet accessing information related to land records is difficult as only a few states maintain digitized records. When you are buying a property—be it a house from the primary (from the developer) or secondary markets (properties on resale) or a plot of land—it is always advisable to cross-check and verify the documentation. However, in most states and Union territories (UTs), it is difficult to do so, in the absence of proper digitized records, especially related to disputes. A new land record index, NCAER Land Record and Services Index (N-LRSI), will help you figure out how efficient the state in which you are buying a property is in terms of maintaining digital records.

It's time for cloud kitchens now

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Source: ET India’s largest quick-service chain Jubilant FoodWorks is scouting for space to start its  cloud kitchen  business for not only Domino’s Pizza but also for Chinese cuisine, two officials close to the developments said. So far a domain of online aggregators such as Zomato, Swiggy and smaller caterers and restaurants,  the cloud kitchen business is set to heat up in the coming months  with big retailers and restaurants operators planning to enter the segment. India’s largest quick-service chain Jubilant FoodWorks, which operates Domino’s Pizza and Dunkin Donuts in India, is scouting for space to start its cloud kitchen business for not only Domino’s Pizza but also for Chinese cuisine, two officials close to the developments said. “They are experimenting with multiple ways to grow and cloud kitchen is one such potential growth engine,” one of the officials said. An email sent to JFL’s spokesperson remained unanswered till press time. Kishore Biyani’s Future Group  is

LEGALLY SPEAKING: Transfer of Property: Sale Deed or Gift Deed or Will or Relinquishment Deed.

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Source: Online TOI  Sale deed or gift deed – which is better when transferring property? Do you know the difference between a relinquishment deed and will? Let our experts decode different types of property-related legal jargon Transfer of property is an act of conveying property from one person to another, in present or future. According to Section 8 of the Transfer of Property Act 1882, by transferring property, transfer or transfers all rights in a property. The four modes of transferring ownership of the property include – sale deed, gift deed, relinquishment deed and will. HOW TO CHOOSE THE MODE OF TRANSFER: The mode of transfer of an immovable property will depend upon the nature of the transfer. “In case of transfer for monetary consideration, sale deed is the only method, which can be adopted. However, in case a property is to be transferred without any monetary consideration and out of natural love and affection, the transfer should be done through a gift dee

How Pune became a global startup hub riding on these companies

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Source: your story The growth of Pune's startup ecosystem has been led by its wide tech talent pool, Maharashtra’s innovation-friendly policies, and other factors. The Centre for American Entrepreneurship recently identified it as an ‘emerging global startup hub’. Pune , a satellite city about 75 miles from India’s financial capital Mumbai, has picked up a few monikers over the years – ‘Oxford of the East’, ‘ Maharashtra’s cultural capital’, ‘India’s upcoming metro’, and more.  Sometime in 2013, when India was on the brink of a startup revolution, a UK-based journalist travelling to the city found it “fresh and almost Californian in its energy”. “ Pune is to Bangalore what Austin, Texas, is to Silicon Valley, California — a hotbed of innovation with a more affordable standard of living, ” he wrote. And, the city has lived up to the hyperbole.  In a 2018 report titled  Rise of the Global Startup City , the Center for American Entrepreneurship described  Pune as an emerging startup

Office real estate booming & defying the slowdown

A multinational bidding war for ownership of the iconic 10-storey ‘Citi Centre’ building in the heart of Mumbai’s prime business district, the Bandra Kurla Complex (BKC), played out for four months far away from public glare. K Raheja Corp. finally came on top in July, overtaking South Korean Mirae Asset Global Investment which put up a spirited fight till the end. What this deal signalled is that the who’s who of Indian and foreign real estate world is furiously chasing one of the most valued products on offer in the country at the moment — premium office space. At a time when thousands of residential homes find no takers, the race for a select few office buildings may seem curious. In many ways, it has all fallen into place this year for commercial real estate, from blockbuster transactions, a historic high in office space leasing, and most significantly, the launch of the country’s first real estate investment trust (REIT) in March. The fact that it has unfolded in the midst of an

Appreciation received from renowned builders.

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Greetings to all, I am delighted to share our achievements in REAL ESTATE INDUSTRY appreciated by renowned Builders. thanks for all great support, will always keep learning and will put more efforts to improve and provide better services. Further, We are also professional real estate consultant having experience of more than decade & half and can assist in entire process related to PROPERTY IN INDIA and can be a complete one stop solution of above discussed various procedures and even assist in getting following services with our collaboration with very experienced legal advisers to conclude any such transaction smoothly. OUR BROKERING SERVICES: Real Estate Brokering and consulting services (Buy/Sell & Lease High ticket Properties in  Pune, Panchgani, Mahabaleshwer, Lonavala, Mumbai & Goa  cities of India.)  We provide brokering consulting services in both Residential & Commercial properties.   Residential includes Pune Properties - Pune Property,

52 startups in India are potential unicorns

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India is home to the world’s third largest startup ecosystem, having added over 1,300 tech startups in 2019 Number of Indian unicorns could increase to 95-105 by 2025, says Nasscom president Debjani Ghosh Bengaluru:  The first eight months of the year saw the birth of seven unicorns in India’s startup ecosystem, software industry body Nasscom said in a report, even as 52 others which have received over $50 million investments wait to join the list. The number of India’s  potential unicorns —a term to describe startups valued at $1 billion—more than tripled from 15 last year to 52 in 2019, becoming the world’s largest pipeline of unicorns in the making,  Nasscom  said in its report ‘Indian Tech Start-up Ecosystem – Leading Tech in the 20s’. India’s newest unicorns include Delhivery, a logistics startup; Icertis, which provides cloud-based enterprise contract management; Dream11, a gaming startup; Druva, which provides cloud data protection and management; Ola Electric,

Co-living’ – changing the face of rented accommodation in India

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Millennials are putting an end to housing woes by opting for co-living spaces, which offer the ease of living and a vibrant community with like-minded people. Millennials are known for moving around. They job-hop for better opportunities, which is partly due to economic realities outside their control. Most millennials are known to switch jobs once in one to three years, which sometimes require switching cities, leading to changing homes. It is rare to find millennials who have not spent hours looking for that perfect house to live in, at the right price, location, and with the right people. The truth is there are hardly any ideal options in the traditional rental housing system, which is why this new trend of co-living is gaining traction. Most people initially are hesitant about taking new accommodation on their own, given their unfamiliarity with the new place and city. The most convenient option at the time is moving in with relatives. However, that’s an option that most pe