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

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 yo...

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 ...