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

Difference between agreement of sale and sale deed Dear Readers, The above ownership documents are the most basic and essential part of any real estate buying-selling transaction in Maharashtra which is one of the most important states of India including cities like Mumbai (Business Hub), Pune (IT Hub), Nagpur, Nasik, etc. Having GDP of more than 400 Billon dollars makes this State one of the best investment destinations. Please note that “Agreement of Sale” also called “Sale Agreement“ Sale Agreement / Sale Deed : Most people think that both of these property ownership documents are the same however both are quite different significantly in legal meaning. Now, you may find several articles on the above subject with a lot of technical information & jargon, still I thought to write on this topic trying to write in very simple language which will be easily understandable to an ordinary person because recently one of my NRI clients whose property is on sale asked me to explain the dif...

PUNE: PMC announces 40 percent Discount on property tax Self used properties. Pune Property Owners Rejoice As Government Approves 40% Discount In Property Tax. Pune, 19th April 2023: In a major relief for property owners in Pune, the Maharashtra cabinet has approved a 40 percent discount in property tax for those who use their property for their own residence. The news of 40 percent rebate in property tax being reinstated has brought cheer among the self used property holders in Pune city. Also the Pune Municipal Corporation (PMC) has recently made the process of getting a 40% discount in property tax easier for citizens. This move comes after the Maharashtra state government decided to reinstate the discount that was withdrawn in 2019, which had caused public outcry. The PMC has made the PT3 application form available on its website, which citizens can print out and submit to the Property Inspector at the concerned zonal offices or civic facility centers. This waives the earlier requi...

WHAT IS PROPERTY TAX: Property tax is a levy issued by a government on a person's real or personal property. The property is assessed to give it a value, and then that value is taxed. The amount of tax owed is determined by multiplying the fair market value of the property by the current tax rate. it's mostly annualy as per tax bill generated by juridiction of local municipal corporation where property lies. Sharing INFORMATION: Annual Municipal Tax (property tax) on properties under Pune/PCMC/Mumbai/Navi Mumbai Jurisdiction, Maharashtra, India. Wish to share general important information regarding Annual Municipal Tax on properties which comes under Pune/PCMC/Mumbai/Navi Mumbai 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 ...

Greetings Friends,  i am going to start new series of sharing summary of underconstruction/ready possession projects in prime localities of Mumbai, Pune & other major cities which will surely help a lot to prospective buyers & investors to choose best available option. this is my first such post, more will follow after it. POWAI, CENTRAL MUMBAI POWAI is an upscale residential suburb located in central Mumbai, Maharashtra, India. It is situated on the banks of Powai Lake, and is bound by the hills of Vikhroli Parksite to the south-east, Chandivali to the south-west, the L.B.S. Marg (old Mumbai-Agra road) to the north-east and the Sanjay Gandhi National Park to the north beyond the lake. The Jogeshwari-Vikhroli Link Road, one of the city's busiest thoroughfares linking the western and eastern suburbs, passes through Powai,. The place also hosts thousands of devotees every year during the Ganesh Chaturthi festival for the visarjan processions. IIT- BOMBAY, The Indian Institute...