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

The government has announced it will promote common infrastructure facilities in three 'Bulk Drug Parks' with the financial investment in the next five years  that would incentivise production of active pharmaceutical ingredient (API) in the country and reduce import dependence of this key pharma input from China. What is API: API (Active Pharmaceutical Ingredient) means the active ingredient which is contained in medicine. For example, an active ingredient to relieve pain is included in a painkiller. This is called API. A small amount of the active ingredient has an effect, so only a tiny part of the active ingredient is contained in medicine. You will find the name and amount of the active ingredient contained in the medicine on the package of OTC (over-the-counter) drugs. How much India import form China? API also known as bulk drugs. Indian drug-makers import around 70 per cent of their total bulk drug requirements from China.  In the 2018-19 fiscal, the govern...

Dear Friends,  I just wrote few words to thank Home, here sharing: *Home* word itself makes us so emotionally connected with it because not only it provides us shelter in all weather but also it has our best memories with our families & friends, we saw our-self & our children growing up and dreaming for  the future. We all grew & went on with our life but for many generations, home remain intact & stand tall all the time to care us. We used it most, spend maximum time of our life with it, enjoyed it rather I would say that exploit it but home never disappoint us as even after using it a lot, it guarantees supporting financially whenever we need & becomes solid asset. There are no words sufficient to explain the significance of Home. Still wish to thank home with deepest of my heart. Hope we will all be safe at our home & come out together from it for a better tomorrow . Thank you GHAR (Home). Deepak Sundrani, Blogger & Real es...

Dear Friends,  thought to put-forth, Speech part of Pune future and importance shared by renowned & well-known icon in our real estate industry Dr. Niranjan Hiranandani Sir who speak few words on NAREDCO webinar zoom discussion on current covid-19 situation & starting construction activities.  Please watch this small video clip which really motivates all of us to know the significance of PUNE city in building our nation. I also Really appreciate, admire & respect hiranandani sir to always care, support & work for entire real estate industry of India. Many thanks with great regards Deepak Sundrani

DO YOU KNOW: India imports 80-90 Billion US Dollars of Product from China values Indian Rupees 6 Kharab, 8 arab, 11 Crores every year approx. as per current exchange rate.  Dear Readers, current covid 19 (corona virus) crisis originated from china shook the world economies as continued lock-downs to avoid spread of infection has made everything stand still and given lot of time to rethink what and how we have to plan for future and surely the current unexpected situation is to be blamed to china whether it may happens unintentionally but at the same time it may bring good to many countries lives in the shadow of this powerful dragon. As china is undoubtedly a leader in manufacturing and exporting to entire world, the current crisis also affected supply chains of many product badly and many factories has to force close due to unable to get parts from china. due to many reasons, it seems that many big companies wish to diversify their supply chains out of china soon and here...

Many companies see India as an alternate manufacturing hub and have taken up their proposals across various levels of the government, including central government departments, Indian missions abroad and state industry departments KEY HIGHLIGHTS 1,000 foreign firms are planning to shift manufacturing to India; in talks with authorities 300 actively pursuing production plans in mobiles, electronics, medical devices, textiles Proposals are at various levels -- central government departments, Indian missions abroad, state industry departments Government is making all-out attempt to hard-sell India as a manufacturing hub Cost difference between India and South East Asia is 10-12 per cent Amid chances of China possibly losing its tag of preferred manufacturing hub following coronavirus, around 1,000 foreign companies are engaged in discussions at various levels with the Indian authorities. At least 300 of these companies are actively pursuing production plans in sectors such ...

What is Moratorium means? Moratorium simply refers to a legal authorisation to existing borrowers to defer or postpone their loan repayments for a pre-determined period. It is not a loan waiver. You will have to repay the outstanding loan amount after the end of the moratorium period. You will also have to pay an additional interest, as mentioned above, for the period of the moratorium for deferring the EMIs. To pay this additional interest, you may get an option to either increase your loan tenure without increasing your EMI amount or increase your EMI amount without increasing your loan tenure or make a one-time payment of the interest in June month. While some banks and non-banking finance companies (NBFCs) are asking their borrowers if they want to avail the loan repayment 3-month moratorium, others are automatically 'opting-in' their borrowers for taking the loan moratorium.. Here's how to find out whether you bank will automatically opt you in for the mor...

Govt eases norms for PPF and Sukanya Samriddhi account holders due to coronavirus lockdown The government has also eased account extension rules for PPF accounts that matured on March 31, 2020 In view of the lockdown due to the coronavirus outbreak, the government has eased deposit rules for some small savings schemes including Public Provident Fund (PPF) and Sukanya Samriddhi scheme. This is applicable for deposits that could not be made for FY 2019-20 due to lockdown. The subscribers of PPF, Sukanya Samriddhi accounts can however continue to make deposit for FY 2020-21 in the usual manner. The government has also eased account extension rules for PPF accounts that matured on March 31, 2020. Here are 10 things to know about new PPF, Sukanya Samriddhis rules: 1) To keep these accounts active, the subscribers are required to make some specified deposit in a year. Otherwise penalty is charged. According to the new guidelines, PPF, Sukanya Samriddhi and Post Office Recurr...

An Encumbrance Certificate is an important document that secures your legal title on the property. People are not aware of the Encumbrance certificate (EC). If you are one of them, let’s go through article explaining about – What is Encumbrance Certificate? & How to get Encumbrance Certificate Copy? When you are buying a house, flat or land, it is important to verify that property is free from any monetary and legal dues. EC helps you to identify that. What is Encumbrance Certificate of Property? The encumbrance certificate is a document that proves that the title of a property is clear and marketable. It also shows if there are any dues on a property with respect to mortgage and legal. It contains a list of transactions taken place on the property for the said period. Encumbrance is charge, liability, lien created on the property. It is created at the time of putting the property as security against a loan or not clearing debt or dues on time. Most of the bank verify ...

The RERA has mandated that all developers obtain title insurance for their projects. We examine how this will impact under-construction and completed projects and the benefits that title insurance offers, to home owners List of Contents: What is title insurance? Why title insurance is gaining importance Title insurance for completed buildings Title insurance products in India The Latin phrase ‘caveat emptor’, which literally means ‘buyer beware’, is applicable in all the deals of purchases made by you, from small value items to big-ticket items like a house. When you buy a house, you invest your lifetime savings, in the form of past savings, as well as future savings (if you are taking a home loan). Hence, it is very important for the buyer to be extra vigilant. In case any defect is found in the rights of the seller in the property acquired by you, you may have to face the legal consequences of such defect, including reduced marketability of your house and expenses incu...

The Registration process and requirements are governed by Maharashtra State Co-operative Society Act 1960. To Register Co-op. Housing Society, Minimum 10 member are required. Less than 10 members Societies are also Registered as per M.S.Govt. Ordinance No. 1094 and 277/14 Dated 10/03/1995. But such member’s flats should be less than 700 Sq.ft. Carpet Area As per M.S. Govt. Notification dated 24/07/1992 conditions for registrations are liberalized. 60 % of the Promoters are must be ready to form Co-op. Housing Society. If flats are sold as per the Maharashtra Ownership Flats Act,1963 [MOFA] then it is the duty of the Builder / Developer to form society and hand over the Account + Documents to Provisional Working Committee [PWC] In this case the builder become CP and other flat owners become Promoters for Registration purpose. This society registers under Co-operation. When the builder is not registering society due to some reasons or not support to registered society then...

Dear Readers, Just thought to write this very important, most demanding information in real estate which relates to renting property. while renting both owner & tenant, come across the rent document to sign which has two phrases called Lease agreement /  Deed Or  Leave & Licence agreement and you will be surely curious to know what is the difference & usage of both? Although, i am not a lawyer and this matter should be consulted with professional lawyer to address it specifically in real time at the time of renting any property, still here i will try to share best available information which will be a mix of both my many years of real estate consultancy experience in such rental transactions and others online available legal opinion on this matter. would really encourage the readers to write comments for any missing/latest information related to this topic to make this article more purposeful and beneficial. Why required Lease Deed or Leave & Licens...