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

Aug 28 2015 : The Times of India (Pune) Pune: TIMES NEWS NETWORK   Pips Big Metros Like Kolkata To Find A Place Among 98 In The Country Chosen For Smart Cities Mission In a big boost that would make a difference to the quality of urban life, Pune was among the 98 cities chosen for development under the Smart Cities Mission.There is much to cheer here as state capitals like Bengaluru and Kolkata did not make the cut. However, the grind begins now, since the city will have to make it to the final round of the mission.Along with the other selected cities, Pune too will have to prepare a city-level Smart City Plan which will be evaluated in the second stage of the competition based on a broad set of criteria. The top scoring 20 cities will be picked by the Centre for funding during this financial year. Funds may be released to the final 20 cities by this year end. They will get central assistance of Rs 200 crore in the first year followed by Rs 100 crore e...

New Delhi: TIMES NEWS NETWORK   India stands to benefit from China's slowdown thanks to its resilient consumer spending and improving macroeconomic fundamentals. The foreign media is taking note of the growth potential of Asia's third-largest economy acknowledging the strengths of India against the backdrop of a slowing China and a sluggish global economy .“India hasn't been rattled as badly as Brazil, Russia or South Africa. Its international reserves are ample, and it isn't highly dependent on foreign capital to fund imports,“ says the Wall Street Journal in a report on how India could benefit from China's slowdown. “It also doesn't rely on exporting resources, which means ebbing Chinese demand for minerals and metals isn't serious. And it doesn't have many companies competing head-tohead in third markets against Chinese exporters that benefit from a weaker yuan,“ the newspaper said. It said the large population which buying...

We hereby bring an  exceptional opportunity    to own  Panchshil  Commercial premises starting from  1500 sq. ft. to 30,000 sq. ft . Ticket size of  Office 1.6 Cr . &  Retail shop from 3.5 Cr . onwards. LOCATION: NEXT TO SEASONS SHOPPING MALL, MAGARPATTA CITY, PUNE. Specification: Building Specifications • Double Glaze Low-e glass façade • Air conditioned Lobby - VRV System • Access Control Turnstile • Elevators: High-speed Mitsubishi* 3 passengers and 1 Service • 100% Power Back-up • Ample space for Car / Two- Wheeler parking • Possession will be 24 months from the date of commencement Floor Specifications • Sub Floor with mosaic tiles • Office Front with Well-designed Glass door • False Ceiling with light fixtures • Floor Pantry available • Each Floor - Washrooms for both Male and Female • Exclusive Executive washrooms on each floor • Air conditioned offices with VRV system ...

Mumbai: TNN & AGENCIES   Taiwan's Foxconn, the world's largest contract electronics manufacturer and a key supplier to Apple Inc, on Saturday signed a pact with Maharashtra to invest $5 billion over five years in a semiconductor manufacturing facility.The investment, touted to be one of the largest in the state, comes within a week of US multinational General Motors' $1billion pledge to manufactures automobiles in Maharashtra. It will also bolster PM Narendra Modi's `Make in India' campaign, which aims to turn Asia's third-largest economy into a manufacturing powerhouse. The MoU to set up the unit was signed in the presence of chief minister Devendra Fadnavis and Foxconn chairman Terry Gou on Saturday at the World Trade Centre here. TOI has in the past -most recently on August 5 -reported how Foxconn, the trade name for $132-billion Hon Hai Precision Industry Co Ltd which also counts Blackberry , Xiaomi and Amazon as clients, had amb...

Vishwas Kothari Pune:   Forum Directs Construction Co To Pay `20k As Damages A builder cannot charge Value Added Tax (VAT) on transaction for sale of flat effected after he has secured completion certificate for the project from the municipal corporation, the Pune district consumer disputes redressal forum has ruled.In an order passed on Thursday , a three-member bench of the forum, headed by its president V P Utpat, held city-based construction firm, Kshitij Promoters and Developers in Erandwane, liable for deficiency in service and unfair trade practice for wrongfully collecting 1% VAT from the purchasers of a flat and not returning the same. The bench, which also comprised members Mohan Patankar and Kshitija Kul karni, directed the firm and its partners, S P Paranjape and Vinayak D Gokhale, to refund the Rs 70,230 VAT that was collected from complainants Janice D'sa and Leena D'sa within six weeks from the date of order. The firm has also be...

  There are many options to insure a property and household goods from theft and breakdowns There are different forms of insurance available for a home. An insurance cover reduces risk. It is therefore advisable to go in for some cover based on the risks involved, and the potential loss. HOME LOAN COVER A home loan availed to buy property can be covered by insurance.This provides a cover for repayment of the home loan in case of the unfortunate demise of the borrower. As the loan amount in case of a property purchase is usually high and the tenure long, there is a greater degree of risk. This policy is more or less like a term insurance, linked with the tenure of the home loan. PROPERTY INSURANCE Insurance for the house itself is available. Here, there is the option of insurance for the household goods.None of these is mutually exclusive.It is possible to opt for one or a combination of more, depending on preferences and risk assessment. Insurance of property cove...

Jul 29 2015 : The Times of India (Pune)   Sales and new project launches in the country's real estate sector are recording a dip but analysts observe that Pune continues to see an increase in sales and prices.The city has emerged as one of the best performers in terms of age of inventory and time taken for inventory to be sold. Although residential markets in all major cities are still experiencing a pressure, Pune has shown promising growth The city has replaced Delhi-NCR to occupy the third slot in absorption or sales figures. Even in the number of new launches Pune has surged ahead of Delhi NCR, standing third after Bengaluru and Mumbai in the first half of 2015. Real estate consult ant Knight Frank released the half-yearly report on Tuesday . The research firm has given their findings for the top eight cities -Mumbai, Delhi-NCR Bengaluru, Pune, Chennai, Ahmedabad, Hyderabad and Kolkata. It stated that these residen tial markets were expected to witness a sl...

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 ...

Jun 01 2015 : The Times of India (Pune)   The Pune Mahanagar Parivahan Mahamandal Ltd (PMPML) and the Pune traffic department plans to start a separate lane for buses coming from Kaspate Vasti, Wakad, to Shivaji Chowk, Hinjewadi to ease the traffic problems of the IT park commuters.“This would ensure smoother and faster movement of buses plying to and from Hinjewadi and they would be able to stick to the timings,“ said Rajendra Madne, general manager, PMPML.“We aim to encourage owners of private vehicles to take the public transport to work,“ he added. “We will do a trial run once the underpass on the KatrajDehu Road bypass opens,“ said deputy commissioner police (Traffic), Pune, Sarang Awad. The underpass is set to open by early June. “We hope there will be a major reduction in wrong side driving as people going to Sus, Baner, Katraj and Kothrud areas coming from the IT park would not need to take the U-turn and can straight away take the underpass,“ said Awad. He a...

The Pune Municipal Corporation (PMC) has developed www.pmcconnect.in , a web-based application, to facilitate over seven lakh property owners in the city to pay their property taxes online. It is a self-service solution which will help citizens to manage the details of their online transactions. Once registered, citizens can view and pay their bills and also raise and track service requests. The system is integrated with the PMC's property tax website and will allow citizens to add their details like email ID and phone numbers in the system. Pune has 7.8 lakh properties, including residential houses (self-occupied or rented out), office buildings, and factory buildings, open plots, flats and shops, on which the levy is charged.

Apr 20 2015 : The Economic Times (Mumbai) ET Exclusive - India will Soon Break into a Run, Feels Walker Nishanth Vasudevan Mumbai:   Revival to gather steam on rebound in corporate earnings Jim Walker, among the first strategists to get bullish on India 18 months ago, predicted that economic revival would gather steam on the back of a turnaround in corporate earnings, followed by a rise in investment.And, for anyone with a 3-10 year investment horizon, “India should be your No. 1 priority,“ said the Asianomics founder and former CLSA chief economist in an interview. in an interview. At the same time, he was caustic about RBI not cutting rates. “Recoveries are profit-led, not investment-led,“ he said. “Investment activity is the natural consequence of companies and entrepreneurs spotting and realising profitable opportunities. Governments and central banks can facilitate improved profit outlooks but they cannot create them artificially .“ Although W...

Dear Reader/ Property Owners in Pune, Greetings to you... Wish to inform you that there will be 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: www.punecorporation.org   and www.propertytax. punecorporation.org  (the site is self explanatory) you just need your Consumer/property Number to track it. which will be in a format of eg. O/1/20/0123456 (this is just an example so pls fill your property no. on it) Again this property bill comes once in a year and last date without fine is 31st may of every year, so this year will be 31st May, 2015. if you miss to pay fo...

Apr 11 2015 : The Times of India (Pune) HDFC rates lower than SBI's Mumbai: TIMES NEWS NETWORK   Cuts Home Loan Rates By 20 Bps To 9.9% For All Borrowers The country's largest housing finance company HDFC has brought down its lending rate by 20 basis points with effect from April 13 (100 basis points = one percentage point). Following the reduction, the corporation will extend loans at 9.9%, which is lower than the rate being charged by the State Bank of India.SBI, the country's largest bank, offers home loans at 9.95% for women and 10% for all other borrowers. The reduction in interest rates by HDFC will bring down the equated monthly instalment (EMI) on a Rs 50-lakh loan (20 years' tenure) by Rs 663, from Rs 48,583 to Rs 47,920. In a statement issued here on Friday , HDFC said the reduction would benefit all customers and the interest cost for existing borrowers will also go down. ICICI Bank has segmented its home loans into vari ...

Apr 08 2015 : The Times of India (Pune) Sarang Dastane Pune:   As many as 65 tehsils in the state are set to adopt the e-mutation programme for quick delivery of the 712 extracts, the property ownership document, to citizens and help talathis, the local revenue department official, to maintain an updated data of land ownership.The government has been working on the e-mutation programme for two years.There are 358 tehsils in the state. According to the office of the state settlement commissioner, the herculean task of uploading the land related data of every tehsil on the state server was completed last week. After the trial runs which are expected to be completed by next month, the tehsils will start adopting the e-mutation programme. Talathis will be able to generate the updated 712 extracts and deliver them to citizens in less than 15 days. “The implementation of emutation is likely to begin across the state next month. Some tehsils have already adop...

TNN | Mar 26, 2015, 12.58 AM IST MUMBAI: Immovable property — land, house or flat — can now be transferred to one's children or blood relatives without paying stamp duty for registration. This will come as a major relief as families won't have to pay a 5% of the ready reckoner rate of the property as stamp duty. Making the announcement, revenue minister Eknath Khadse said an affidavit on a Rs 100 stamp paper would suffice. He later changed it to Rs 500 as the government no longer deals in Rs 100 stamp paper for property matters. In other decisions announced in the House on wednesday , those with 500sq ft or smaller homes do not have to pay the increased property tax and the government will allow twice the transfer of development rights to a landowner in lieu of land surrendered for a public amenity. Replying to a discussion on the budgetary allocation for the urban development department, chief minister Devendra Fadnavis said the government is framing a new poli...

Auditing documents of a housing society is a cumbersome process. However, if one follows guidelines, the process can be made easier Are the tedious procedures in auditing of your co-operative housing society taking a heavy toll on your personal time and energy? It's not only the key `administrators' like the chairman and treasurer involved in managing the society, but each and every member of the society needs to be ready with paperwork, prior to auditing. Protocols to be followed for the seamless functioning of the society, are decided in the annual general meeting. Despite maintaining all the financial statements as decided in the meeting, even if there is the slightest slip-up in the documentation, the whole process goes for a toss and this matters a lot, especially when you are tied up with several other things in your personal and professional life. A systematic auditing process for the members of a housing society gives a feeling of assurance among its members that th...