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

Pune: Dear Readers, Greetings to all, from last few days, was thinking to write article on topic of bank finance, ultimately got time. It's been many years of estate consultancy experience in Pune, India which has encouraged me to share something very useful opinion about Bank Finance for buying properties as it's not only for enduser but also great for investors point of view. Our country like india has massive real demand from endusers in every city however it's sure that hardly a few percent of people can pay full amount at one go so most of the endusers are unable to think buying properties and hesitant to go for bank finance due to unaware of great advantages or somehow the traditional mentality for not taking loans however bank finance has so many benefits that not only enduser but also investors who wishes to increase their fortune can go for bank finance route to multiply their investment returns many folds...Now, i should first give list of points which can be ...

Jun 27 2017 : The Times of India (Pune) Radheshyam Jadhav Pune:   Completion Papers Not Enough Owning a house is an accomplishment for most people.However, occupying one without the essential documents can land them in trouble.When Vivek Lokhande's builder told him that he could occupy his newly bought flat since he possessed the completion certificate, Lokhande was more than glad. First thing to cross his mind was all the money he will save on rent. Little did he know that by occupying the flat without the occupancy certificate, he was indulging in an illegal activity . As per the Pune Municipal Corporation (PMC), occupying a flat without the occupancy certificate is illegal. “There must be no confusion that completion and occupancy are two different certificates. Occupying a flat without the occupancy certificate is illegal,“ PMC's city engineer Prashant Waghmare told TOI. Flat buyers tend to believe their occupancy becomes legal once th...

Jul 01 2017 : The Times of India (Pune) Neha Nagpal Magicbricks Bureau   Mid-income group can avail credit-linked subsidy scheme for one year from the date of the announcement If you have a salary within Rs 12 lakh-Rs 18 lakh per annum and you plan to buy a house, don't forget the benefits offered by Prime Minister Modi which can bring down your home loan cost, resulting in savings.The Prime Minister's announcement on December 31, 2016, of two new credit subsidy schemes for the middle classes MIG 1 and 2 included the mid income group under the Housing for All mission. The scheme is valid for one year from the date of the announcement. WHAT YOU CAN GET? Now, young professionals with an annual income of Rs six lakh to Rs 12 lakh can avail a housing subsidy of four per cent and those with annual income levels of Rs 12 lakh -Rs 18 lakh can avail subsidy up to three per cent. To understand this better, if someone earns Rs 18 lakh per annum, she ...

Jul 01 2017 : The Times of India (Pune) Amit Sethi   GST is set to have an impact on realty. Here's a low down of its effect on an under construction property vis-a-vis a ready to move in type GST rates have been declared and it's now al most clear that the new tax system will be implemented from July 1 2017. The realty sector would get influenced by the new tax rate system and the extent could be positive or negative anything. GST will impact the price of several input materials and services which are used during the property construction, so the overall impact of new tax system would be big.UNDER-CONSTRUCTION PROPERTY “Under-construction properties are treated as a supply of services under GST and accordingly liable to GST. Resale of constructed properties is outside the purview of GST as they are treated as immovable properties. Resale properties shall attract applicable stamp duty on transfer. The concept of 'first occupation' has...

Jul 01 2017 : The Times of India (Pune) RAKESH MALIK   The Goods and Services Tax (GST) roll out in July provides a unique opportunity for both buyers and developers With Goods and Services Tax (GST), one of the biggest tax reforms of independ ent India, all set to be a reality soon, the real estate sector is expected to get a boost. The good news for both the developers and home buyers is that they will all stand to gain from this historic financial move.Industry experts feel that the move will help the sector in a big way. Jaxay Shah, president, CREDAI, talking about GST and its possible impact on the real estate sector, stresses, “CREDAI welcomes the introduction of GST as a major reform since it integrates all central and state taxes into one comprehensive tax regime for the entire country. Trade and industry are major gainers of GST as it will eliminate multiple taxation at the level of states and the Centre, with the consequent cascading effects...