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

Received this order letter information online which is in Marathi (similar to Hindi language) sharing herewith. Meaning of above letter in brief is that Maharashtra Government has decided to maintain a status quo in the ready reckoner (RR) rates for 2024-25, RR rates of 2023-24 will continue without any changes for 2024-25. What is ‘Ready Reckoner’? Ready Reckoner are the Government fare rates of immovable property, on the basis of which market value is calculated and whereas stamp duty is charged as per Schedule - I of Maharashtra Stamp Act, on the type of instrument and amount mentioned in it whichever is higher under the article and accordingly the stamp duty is collected on the document by the Collector of Stamps and Registration Department. Ready Reckoner Rate is determined on an annual basis by the State Government differ from locality to locality in a particular state such as Urban Area, Influence Area and Rural Area. ASR rates are determined District, Taluka, and Village wi...

  Greetings Friends,  Thought to share general important information regarding Annual Pune Municipal Tax on properties which comes under Pune 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 the same bill by visiting Pune municipal corporation website:  WEB LINK TO VIEW & PAY PROPERTY TAX BILL https://propertytax.punecorporation.org/onlinepay/prop_dues_details.aspx   or  https://propertytax.punecorporation.org/prop_tax_bill.aspx  *if above website links are not opening by clicking it then just copy these link and paste on any search browser google etc. you will able to open these links.  (these website's are self explanatory) Once you open above Web link, You just need your Consumer/prope...

Dear Readers, Greetings to you, i have written this article earlier on my blog but thought to again update and repost this article as it's may be useful for Many NRI's, OCIs. interested to invest in India's Real estate. Non-Resident Indians (NRIs) and Overseas Citizen of India (OCIs) will no longer need prior approval of the Reserve Bank of India (RBI) to buy or sell immovable property like houses in India, other than agricultural land, farm house and plantation property, the central bank said on Wednesday. The clarification has been issued by RBI after received a large number of queries with regard to acquisition of immovable properties by OCIs in the wake of a Supreme Court judgement relating to Foreign Exchange Regulation Act (FERA). “At present, NRIs/OCIs are governed by provisions of FEMA 1999 and do not require prior approval of RBI for acquisition and transfer of immovable property in India, other than agricultural land/ farm house/ plantation property, as per the te...

One cannot emphasize enough the importance of leak free bathrooms. Leaking bathrooms cause bad odour, causes wall paint to flake off and aids fungus growth. These issues spread to different areas in the house too as water spreads slowly.  Some of the reasons for leaking bathrooms are absence or grouting or poor quality grouting solutions, lack of water-proofing layer and improper fixing of tiles. Prevention Fortunately, all these causes have effective solutions which ensure prevention rather than cure at a later stage which might be a much more expensive affair. What is Grouting? Grouting is an essential process that is often overlooked when it comes to floor maintenance. It is a crucial part of tile installation where the spaces between tiles or stones are filled with a certain type of grout which not only gives your floor a smooth and even appearance but also helps to protect it from external damage.  How Grouting helps? Grouting a tiled surface helps to prevent moisture fro...

  Dear Readers, Greetings to you, i have written this article earlier on my blog but thought to again update and repost this article as it's really very useful to make the order of property ownership documents. Benefits of keeping Property Ownership Documents UPTO DATE it will be  very beneficial to keep all of your property documents upto date  as per the law for various  reasons like if you decide to sell it or transfer it to your family members or relatives or anyone else or any unexpected unfortunate events where your family/relatives will require to know about documents because when you wish to do any property transaction as mentioned earlier by visiting registration authority then these list of documents are necessarily required else you have to first collect & arrange all these documents which will delay the process.  Also It's very important for new buyers looking to purchase in near future to be aware about which ownership documents to che...

  How to get online latest Property ownership documents & Index 2 & registered documents in all major cities of Maharashtra including PUNE & MUMBAI? Dear Readers,  Again i am back to share very important information which will be useful to not only existing property owners but also for those looking to purchase property in MAHARASHTRA state which is having cities of india's iconic business hub MUMBAI and IT hub PUNE along with many other important cities. this all is possible, thanks to centralize digitization of all property transactions in Maharashtra which also helped to stop any cheating / fraud and brought immense transparency.  What are major property ownership documents: 1) Purchase agreement called sale agreement, sale deed in Maharashtra.  it's a document which has been prepared by lawyer mentioning all clauses with terms & conditions agreed between the buyer & seller, it's normally having many pages and also photos of both buyer and...