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

Aug 19 2017 : The Times of India (Pune) AMIT SETHI Tpmfeedback   DOES BUYING AN APARTMENT SCORE OVER RENTING? OUR EXPERTS CERTAINLY THINK SO BUYING VS RENTING? Owning a house gives one a sense of security and always it ensures that you are never rendered homeless in case of any mishap. Also, if you give your house on rent you e can earn rental yields too, thus strengthening your financial bone. Additionally, in tough times, one can mortgage a house for taking an educational loan, marriage loan, etc. Fali Poncha, director residential and land (Mumbai), Knight Frank (India) Pvt Ltd, points out reasons why you should buy a home instead of rent: Owning a house gives a sense of stability and peace of mind, whereas if you occupy a rental flat, you would have to stress over periodically rising rental costs, the possibility of having to vacate on request of the landlord and other issues. “While there are initial costs involved in purchasing a home such as...

Greetings to you, Reg. PUNE - READY To Move in Apartments 1,2 & 3 BHK from renowned developer GODREJ. :  wish to share with you an opportunity of ready possession flats from Godrej 8 Acres of sprawling project with all state of the art amenities, coming up at very good location of pune in UNDRI area, just near Delhi Public School with great sale offer for limited period. 1 Bhk flat: around Rs. 29.70 Lacs onwards all inclusive. 2 Bhk flat: around Rs. 55.02 Lacs onwards all inclusive  3 Bhk type 1 flat: Rs. 66.50 Lacs onwards all inclusive. 3 Bhk type 2 flat: Rs. 77.70 Lacs onwards all inclusive. Additional features: gas pipeline, RO purifier, no floor rise charges, no garden facing charges & top of it done kitchen cabinets & Inverter Backup in every flat. if you are or anyone interested, please inform by email or whatsup or call me on my cell#9822052388 for special offer which is for limited period and inventory & best view flat...

Real Estate Consultancy: One Stop Services: Deals in Properties: Residential, Commercial & Land Plot in and around Pune, Maharashtra, India: ---Invite Exclusive Marketing of all types of Real estate projects Land Plotting like NA plots / farm house plots or Constructed developments. ---BUY under construction Properties from Various Projects. ---Professional Assistance for NRI's & PIO's. ---Assistance for Bank Finance. ---RESALE Under construction or Ready Properties. ---Lease or Rent Properties to corporate or Individuals. ---Property Management. ---Cost Effective Interior Works by Professionals. ---Architect Designing by Experts. ---Buy/Sell already leased properties on ROI basis. ---Buy/Sell Land Plots for Long term Investment. ---Buy/Sell Bungalow Plots in Townships. ---Buy/Sell Land Plots Available for Immediate Development. ---Expertise in Marketing Real Estate Projects to NRI's. ---Invite discussion for sole selling Right to market projects. ---Prop...

Dear Readers, Greetings, Although, have written article earlier on my blog in detail about advantages of bank finance however got intimated to share one of the greatest advantage of bank finance which believe that will help many buyers who are looking desperately to buy property but let it go because of higher total cost of property as per their budget. my intention here is to give them one more perspective to look/think at it. being a brokering company, I am involved daily with real time real estate transactions and apart from many advantages of bank finance route in buying properties, come across one real fact and greatest advantage of bank finance that it will actually reduce total cost of property. Sure, you will ask me how, so here is one example to explain it better, lets assume that property cost is either Rs. 50 Lacs or 1 Crore and maximum bank finance available will be Rs. 40 Lacs and 80 Lacs respectively ...

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...

Jun 26 2017 : The Times of India (Pune) Satyanarayan Iyer Pune   The Centre's proposal of a 12% GST on sale of houses from July 1 has left both real estate players and consumers calculating amounts they have to shell out or pass on. In Maharashtra, GST will be in addition to the 6% stamp duty rate charged by the state. This will mean higher outgo on a headline basis. Experts feel the difference in final pricing will not be over 1-3%. TOI explains various scenarios under the GST regime.Existing levy and GST In Maharashtra, customers now pay 4.5% as service tax and 1% as VAT. They also pay a 6% stamp duty on the cost of the unit. This brings the overall tax rate to 11.5%. Under the proposed GST, there will be a 12% flat tax rate on the cost of a unit, in addition to the stamp duty that remains at 6%. This brings the overall tax rate to 18%. Will overall unit cost rise? By the looks of it, the answer is “yes“. But theoretically , no. This is because...

INTRODUCTION GST may bring a lot of relief to the real estate sector.  Supply chain mechanism in real estate sector to be revamped after implementation of GST. Real estate sector is one of the most pivotal sector of the Indian economy. Real estate sector plays a vital role in employment generation in India. It ranks second just behind agriculture.The importance of Real estate sector can be understood with its average 5-6% GDP contribution and stimulating demand for more than 250 ancillary industries. The real estate sector had a substantial growth of 22% in its private equity investments from 2015 to 2016. At the time of the third quarter of 2016, there was a 9% increase in investment for residential properties from the previous quarter. GST Regime For Real Estate Sector GST would bring a lot of transparency in the real estate sector and minimize unscrupulous transactions. Under the current tax laws, VAT and Service tax charged by different  Contractors and excise ...

NewsVoir Mumbai, Apr 27, 2017 CBRE South Asia Pvt. Ltd. , India’s leading real estate consulting firm, today announced the findings of its Asia Pacific Real Estate Market Outlook 2017 - India. As per the report, India continues to hold its position as the world’s fastest growing G-20 economy, on the back of improved investor confidence and better policy reforms. The report is part of a global research series released by CBRE every year, highlighting trends and dynamics across various segments in the real estate sector for the year ahead. Commenting on the buoyancy of the sector , Anshuman Magazine, Chairman, India and South East Asia, CBRE  said, “ With 2016 being the year of landmark decisions for the Indian real estate industry, the sector saw concerted efforts by the Government to bring in transparency as well as boost consumer sentiment in the sector, especially in the residential market. The outlook for the year 2017 is positive with an expectancy of steady grow...

Pune Municipal Corporation Property (PMC) Tax: Property tax is the second largest source of revenue in Pune. Pune Municipal Corporation is solely responsible for levying and collecting property tax payment in Pune. PMC cover more than 6 lakh properties in its purview. Pune has online as well as offline property tax payment facility. The website can be viewed in the local language as well as in English. Since 1950, Pune Municipal Corporation has been administering the city and serving the citizens. PMC has taken the initiative for implementing e-Governance. Property tax is levied on a person’s personal property. The property tax are charged on residential house that is either self-occupied or let out, office building, factory building, godowns, flats and shops. Pimpri Chinchwad Municipal Corporation Property Tax Pune: Pimpri Chinchwad Municipal Corporation is a Municipal Corporation in the city of Pimpri-Chinchwad which is the Urban Agglomeration of Pune. It provides the follo...

Mar 04 2017 : The Times of India (Pune)   A Shankar, national director and head of Operations Strategic Consulting, JLL India, dwells on re-imagining India's informal housing challenge via convergence of Housing for All and Smart Cities Mission The year 2016 turned out to be a year of transi tion, particularly for real estate a sector that has been directly or indirectly affected or altered by most policy reforms introduced by the state or central governments. Some of these policy changes might seem disadvantageous in the short run; however, they will render the entire system more mature, organized and transparent.The recently-announced Union Budget 2017-18 has yet again emphasised the importance of housing, and has accorded infrastructure status to this sector. It is important to attract the attention of all stakeholders to this sector, particularly those who influence supply developers and banks.Given the benefits offered in the budget, the cl...