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Buying A Property Without A Home Loan? Mind These

Not all loans are bad loans; some offer us a chance to possess something which we could not have possessed otherwise. Home loan falls in that category. If the concept of home loans did not exist, most of us would not be able to buy a property. Des

7 things to do during a lockdown

The COVID-19 outbreak have forced many of us to sit tight at home – this is a good strategy in order to slow down the spread of the corona virus. Here are seven ideas of how to use your time wisely during a lockdown. We hope

Which way will property prices swing after GST? Wait nears end

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.

How to Survive After the Slowdown Post Covid19 Effect

How to Grow Yourself and Your Organization- Currently most of the people and organisation are fearing - What Next ? What after COVID 19. What we as individual and Organisation do after the global lock-down due to Co

Now or Later

Procrastination- is the action of delaying or postponing something. We have been struggling with the delays, avoiding, procrastinating on various issues and things that matter to us. People are struggling it with since ages. It has delay

Occupancy certificate must for moving into new house

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

COVID Proof Real Estate Safest Bet

"Buy Real Estate, They're Not Making It Anymore", said famous American author Mark Twain. He would be proud to see his famous quote coming true literally, during the ongoing Corona crisis. As if the depressing and balloonin

RBI moratorium: How does the rate cut help you? 8 questions answered

Rate reductions and a three-month EMI moratorium come as big relief for borrowers in the time of coronavirus. #COVID19 #CoronaVirus #RepoRate #ReserveBankofIndia #RBI #PurpleRealtors There is relief for retail borrowers with

Should you Buy a Property During a Pandemic?

We are sure that buyers will keep buying and sellers will keep selling in the weeks ahead, as the economic impact of the coronavirus works its way through. This despite economists being divided on whether the slashed Official Cash Rate t

Bombay HC says new buildings cannot come up in two Pune localities until water issues are solved

Pune city news: You keep on granting occupation certificates and new people come to reside in these areas, but without proper water supply, the court said No new buildings can come up in Pune’s Baner and Balewadi areas until the

GST relief for realty at last, tax lowered on new home sales

The GST Council today announced a cut in the goods and services tax charged on sales of residential properties under construction. The Goods and Services Tax Council, comprising state and federal finance ministers, announced th

Builders urge govt for abatement of land value in GST to avoid rise in home prices

Builders feel while for all other sectors GST comprises of their total indirect tax liability, for real estate GST regime does not eliminate multiple taxation NEW DELHI: Builders body Confederation of Real Estate Developers Association o

Hinjewadi: One stop property destination for every budget

Pune Located in the West, Hinjewadi, one the suburbs of Pune,is an active IT hub and also an attractive residential destination. Being the workplace for many professionals, Hinjewadi offers affordable property values and smooth

The real estate of Baner Road has arrived

The real estate of Pune's Baner Road seems to have arrived. Today,Baner Road boasts of developed social infrastructure, physical infrastructure and ample choice for residential units for consumers. The real estate market

Why is everyone talking about affordable housing?

Urbanisation and housing reveal a nation’s economic growth and social wellbeing. India’s urban population is growing at an average 2.1% every year since 2015. It is likely to reach 60 crore by 2031 (up from 37.7 crore today). But the g

Applying For A Home Loan? Know All About Leasehold And Freehold Properties

If you plan to apply for a home loan, you must understand the difference between freehold and leasehold properties. Freehold and leasehold properties fall into two different categories of legal ownership, and this can have a huge impact on the amo

Your guide to a home loan transfer

Are you planning to transfer your home loan from one bank to another? If yes, we guide you through the process. Read on… Lately, we have noticed that a significantly higher number of people are transferring their home loan from on

Real estate Act provides no cover for home buyer's investments in stuck projects

The Real Estate Regulation Act (RERA) will provide no relief to those who have purchased houses in projects that are stuck due to legal issues or because the builder/developer has already used-up the money, feel experts.

Budget wish-list: Realtors root for revision in GST rate, stamp duty removal

The Budget 2018-19 is some days away and industry participants are ready with their wish-lists that they believe could help pull the sector out of the woods. On the developer's side, what tops the wish-list is a revision in

KEY HIGHLIGHTS FOR REAL ESTATE SECTOR IN UNION BUDGET 2017

Affordable Housing has been given the Infrastructure status * 1 crore rural houses will be created by 2019 * National Housing Bank to refinance Rs 20,000 crore loans * Pradhan Mantri Awas Yojana to get Rs 23,000 crore *

For Investment Why Hinjewadi ?

One of India ‘s biggest IT park 200+ IT and ITes Companies More than 1.5 lacs employees in Hinjewadi Upcoming Hinjewadi Phase-4 of 988 acres leading to an increase in demand of phase-1 Huge presence of Educational Instit

RERA Act will bring transparency in real estate sector, says MahaRera regulator Chatterji

The Maharashtra Real Estate Regulatory Act, 2016 (MahaRera) will bring transparency and discipline in the real estate sector, said Gautam Chatterji, IAS and state regulator, RERA, Maharashtra. "It will make thi

The key to Pune’s success: Strong rental returns

The property market in Pune has performed well, especially due to the rental income properties in the city, have enjoyed In the real estate market, a higher average rental in a location normally indicates high demand and low supp

TDS on Sale of Property

As per Finance Bill of 2013, TDS is applicable on sale of immoveable property wherein the sale consideration of the property exceeds or is equal to Rs 50,00,000 (Rupees Fifty Lakhs). Sec 194 IA of the Income Tax Act, 1961 states that for all trans

Home buyers can’t file complaint against unlisted developers on RERA website

Pune: Consumers wishing to raise their complaints on the REAL ESTATE AND REGULATORY AUTHORITY (RERA) website will have to wait till their developers register on the portal. The RERA rul

RERA Maharashtra

RERA Maharashtra How Maharashtra worked towards RERA implementation The Government of Maharashtra had released a draft version of rules in December, after which state government had sought suggestions and objections from vari

Absolutely Inspirational

Absolutely Inspirational Experts are predicting huge down fall of Economy due to the Corona . I do not know much about these experts. But I know for sure that they do not know anything about the value of human motivat

India's economy Come Back Soon After Covid19 Effect

Coronavirus will impact India's economic growth "severely", as the coronavirus lockdown is causing significant disruption across multiple sectors, including manufacturing, oil, financial, among others, says a report.&n

Pune’s ‘smart residents’ in Aundh, Baner, Balewadi may have to pay user charges under property tax

Residents of Aundh, Baner and Balewadi who will draw the benefits of the Smart City initiatives in their area should be prepared to pay more taxes under ‘user charges’ to be introduced by Pune Smart City Development Corporation Limite

Should You Buy A Home Or Stay On Rent?

A number of financial and non-financial factors influence the decision of buying a dream house. While most people aim to own at least one house in their lifetime, sometimes it can be a smart decision to rent one until the right opportunity comes a

HOUSING FOR ALL 2020 Knowledge Webinars for Real Estate Sector Session Notes - Deepak Parekh

Session 6: Shri. Deepak Parekh on COVID 19: Impact and Way Forward Time: 12:00 pm, 14th April 2020 I. Macro-Economic Outlook Global Economy could shrink by almost 2% in 2020 due to COVID – 19

Wakad, Baner and Kharadi grabbing eyeballs

Pune Just name it and you can get it! Be it the desired unit size, amenity, ready-to-move-in or under construction, Wakad, Baner and Kharadi in Pune matches all your requirements. If you are looking to buy a

Maharashtra's Real Estate Regulatory Act draft rules favour developers, say activists

This is one among several controversial clauses in Maharashtra's draft Real Estate (Regulation & Development) Act 2016 (RERA) rules notified last week. A builder can terminate a flat purchase agreement by giving just a week's

5 emerging trends in Indian residential market amid the COVID crisis

The realty market is not going to be the same in a post-COVID world. The demand dynamics will evolve and change, as new trends will emerge. Here is a list of 5 key parameters that will change how business is done. As Indian economy gre

Should you bank on real estate?

Pune Is real estate an ideal investment asset class when compared to gold, equities, MFs, etc.? We tell you why, despite its erratic performance, it is still a prized asset. Capital appreciation Dilkh

No extension for RERA registration: Chairman Gautam Chatterjee

PUNE: Maharashtra Real Estate Regulatory Authority (RERA) chairman Gautam Chatterjee has reiterated that no extension would be given for registration of ongoing projects beyond July 31and accou

Why Baner is the best bet for Pune investors?

The locality offers ample residential housing options across all budget ranges. If investing in a property in Pune is in your list for the upcoming year whether as an end-user or investor, you can consider Baner for all the right reasons. The real

Lockdown hits real estate market, cycle of buying and selling stalls

Seen a staggering fall in client interest over the last week. "Even a week ago the client footfall was more or less normal, but now the count has gone down to zero giving way to inquiries being made over calls," hopefully, "The mark

What Does Success Mean to You?

Think about your life. What makes you happy? Is it spending time with your family? Working? Travelling? Whatever you love to do, one thing is certain…if you’re chained down to your job you’re

Squeezed For Cash? 5 Quick Ways To Increase Your Cash Flow

Is your property portfolio putting your cash flow in a vice? If you’re squeezed for cash because of your investments – and if you’re investing in property, that’s the worst p

How To Pick Market Winners, Time After Time in Property Investing

As an investor, why did you choose the properties that you now own? What spoke to you, telling you that “this is the one – the one that will help me achieve financial freedom”? Perhaps you’re not an active investo

Real Estate to Boom After Covid19 Mayhem

Real Estate study :- *Real Estate to BOOM after Covid-19 mayhem....* It is quite evident that the global economy has already entered into a great recession. Super power like Italy, America will be worst affected. Almost all

Positively Geared Investment Properties vs Positive Cash Flow Properties

Positive cash flow or positively geared investment properties…what is the difference and is one better than the other? Positively geared investment properties Yes, there is a difference. Posi

10 Money Management Skills You Need to Build and Keep Your Wealth

Wealth studies consistently show that a very large majority of families lose their wealth quickly…by the second and third generations. Why, do you think, that is? A number of reasons. In most cases, children we

Are You Making One of These 5 Common Budget Mistakes?

Budgeting, together with saving is the foundation of every successful wealth creation plan. If you don’t know where your money is going, and if you’re not diligently saving it, you’ll lack the resources

How to Stay Motivated During a Recession

Some people say the recession means the end of business as usual. I disagree. Of course, if your idea of business as usual was like Lou‘s – a steady job, predictable market and rewards for hard work, keeping your head do

Covid19 - Ratan Tata Quote

Tweet from Mr Ratan Tata- This is the worst crisis we have faced and we must fight this with a spirit of solidarity, resolve, empathy and understanding. We must unite to win the battle against COVID-19.

What to buy - flat or plot?

For a homebuyer, it is tough to decide whether to buy a plot or a flat. However, a buyer must gauge all pros and cons regarding cost, price appreciation and other parameters. Whether to buy a flat or a plot is totally an individual's choice, b

Disruption to continue in 2018, homebuyers key beneficiary

The spill-over effect of demonetisation, implementation of the Real Estate (Regulation & Development) Act, 2016 and the Goods & Services Tax - a triple ripple - had a dramatic impact on Indian Real Estate Sector in 2017. These three conseq

How have 'Elevator Technologies' changed with time?

In the last few years, elevator industry has witnessed several technological advancement. Companies are introducing new features in order to make the traffic movement easy. Here we look at some of the major changes that elevator industry has witne

This Pune locality boasts of multistorey apartments

Pune This week's realty hot spot series focuses on Baner in Pune. This locality has micro-market dominated by multistorey apartments and boasts sound road connectivity. Baner in Pune has several IT companies in the vic

Woman and Business in Times of a Lockdown

At first “it was like working from hell and then it was working from heaven,” .For women who work in senior positions in businesses, this coronavirus-induced lockdown has been a time of learning and reflection as the true variety of wo

Ignoring tenant verification can land you in trouble

Renting out a property sounds a lucrative option to many of us. The high demand for rental homes from migrating population in cities makes it an attractive avenue for home owners. Some people ignore the importance of tenant verification

Why homeowners are turning to stay on rent?

Pune Why do a few prefer to stay on rent if they already are home-owners? If you don't own a home, buy one. If you own a home, buy another one. If you own two homes, buy a third. And, lend your relatives the money to buy a

Why making project site visit is absolutely important

A mere 20 minutes spent on the site of the property that is going to be your home eventually, is vital to keep unpleasant surprises at bay. Read on… Seeing is believing - an adage, which holds absolutely true in the real estate pa

Your house, your identity

Pune When decorating a space, we all like to inject our personality to create interest and character, right? We had a chat with a few peeps and here's what they had to say. The characteristics of a space (i.e. whether it is

5 steps to seal the property deal

Pune Whether you are an investor or end-user, pay close attention to these five points before you close the transaction. Buying your dream abode is one of the key decisions you take in your lifetime. Hence, it is extremely cruc

5 Steps to Buying a Home

5 Steps to Buying a Home Buying a Home can be a complicated process. MCMF will show you the steps of the homebuying process, and provide helpful information to make this an uncomplicated process.

Big picture, big life

Buying a home is not limited to just square footage at the best price, but has transitioned towards investing in a safe home as well. Here are five things you should keep in mind. While buying a home, most of us get overawed by the sampl

We need 'Smart Regions', not just cities with facelifts

Pune The 'Smart City' mission — in the simplest terms — aims to build infrastructure that will ensure both quality of life and sustainable environment, using new, smart solutions. Currently, thous

Ice cream hue inspired homes

Pune Consider shades of bubblegum pink, peach, lilac, and mint green and give your home an ice cream-inspired-décor update. The world of ice cream has taken the gamut of interior space by storm! Wondering how? The interi

Bring the best to study

Pune The ultra-luxury home owners, today, prefer to have a study room, where they can unwind, read or just ponder over innovative ideas. With ample space available to experiment, the possibilities to make a luxury home distingu

What happens to the property of a person who dies without a Will?

What happens when the owner of a property dies without allocating shares in his property? Partition of a property is a complex issue. Property cases worth crores are pending in Indian courts awaiting resolution. In the absence

Is your home ready for your old age?

You are not going to stay young forever. As you grow old, your home and most of the fixtures, which you installed to cater to your youthful days will become outdated. How can home-buyers plan the interior décor and perhaps, structural desig

Home buying tips: 10 factors to help you decide which floor to buy a flat on

High-rises are becoming a common sight in many Indian cities. This includes not just metros, but even smaller cities. There are many reasons why people are looking at buying a property in high-rises. So, if you are planning on buyin

My view: Real estate poised to come back with a bang

In India, real estate as an investment has been completely ignored by the young and restless in the last decade or so. There are two reasons to it, first the unscrupulous builders having duped investors and second the stock markets. The real estat

One month's lockdown can erode 8-10% of construction firms' Q4 revenue: Report

A nationwide lockdown to contain the COVID-19 pandemic will adversely impact construction companies and a month's lockdown can erode 8-10 percent of their fourth quarter revenue, a report says. According to ratings agency India

Banks brace for payment defaults, missed targets

Banks are likely to face significant defaults in payment and miss internal targets as more and more states announce lockdowns in the wake of the coronavirus pandemic, senior officials of a number of lenders said on March 24. Bankers are

Credai wants MahaRERA to push deadline

Pune The Confederation of Real Estate Developers Association of India (Credai) has written to the Maharashtra Real Estate Regulatory Authority (MahaRERA) to extend the deadline for completion of projects by a month in the

Delay in bank loan repayment: Companies seeks 'Act of God' relief

Business owners from real estate, hospitality and tourism sectors have approached banks citing the "Act of God" clause in their loan covenants to delay payments and seek restructuring of past loans. An Act of God, or

Real estate body asks for deferment of home loan EMI

Real estate developers body are asking for deferment of housing loan instalments for 12 months, moratorium on project loans for 2 years, release of building plans and other approvals which are being help-up due to payment of fees among other

Pune real estate market

Pune Sales Affordable housing ruled the market. Overall, properties up to 70 lakh did well in the quarter. Areas such as Baner, Wakad and Ravet, received higher demand and traction vis-à-vis other parts of the ci

3 Reasons Why You Should Consider Renting Over Buying

Becoming a home owner is a dream most of us nurture. You want to turn this dream into a reality as early as you can. This is the reason why the number of young buyers in urban India has seen a remarkable increase in the past two decades. But, is i

Primary Versus Resale Homes: What Should You Buy?

With new buildings mushrooming everywhere, there is a huge demand for new flats. And yet, most people opt for a resale home. However, taking a call on whether to invest in a new flat or a resale one may be difficult. Typically, new

PMRDA to bar construction within 50 m of proposed metro route

The Pune Metropolitan Regional Development Authority (PMRDA) will implement "no development" zone proposal after floating the request for quotation (RFQ). PMRDA chief Kiran Gitte told TOI that tender finalisation

Metro gets 10 hectares on Pachgaon Parvati to launch afforestation drive

The Pune metro has been assigned Pachgaon Parvati land for carrying out afforestation in lieu of its project, which will affect greenery along the route. Metro officials have been tasked with the r

35 Inspirational Quotes On Hard Work

Hard work is necessary in order to attain success in all aspects of life. Nothing comes to you without putting in the work, dreams do not materialize but through consistent action. May these quotes inspire you to work hard for your dreams.

Online property tax collection up 40%, next two weeks to bring in more moolah

An increasing number of Puneiites are opting for property tax payment through online portals this year’s collection reveals. In the last 45 days, the Pune Municipal Corporation collected Rs 286 crore of pro

Muskurayega india

Even though the current economic downturn has implications for a multiplicity of elements in terms of employees' motivation, related to job insecurity, promotions and demotions, stagnated careers or thwarted expectations, the impact of the rec

Pune civic body stares at fiscal dependence post GST

Pune Senior civic officials are concerned about the civic body losing its financial independence. "With GST in play, PMC will largely be dependent on state grants, private investment and bonds to comple

Aadhaar linked e-registration for property documents soon in Maharashtra

Pune The state Inspector General Registration and Controller of Stamps (IGR) department is awaiting amendments to Registration Rules, 1961, which will enable individuals to go for Aadhaar linked e-registration of property docum

A few sunny predictions in these gloomy days

A few sunny predictions in these gloomy days 1. By June, India will be the first country to be freed from the clutches of this pandemic. 2. Our Lockdown, hot weather and our higher immunity levels will see us through.&n

Cell to keep tabs on illegal constructions in Pune

Pune The PMRDA is set to have a separate cell and machinery to crack down on illegal constructions. At present, 18,000 illegal constructions are under its scanner. New PMRDA chief Kiran Gitte on May 9 said a sepa

Confusion over compounding fee in Maha RERA rules

Pune There seems to be confusion over the compounding fee under Real Estate Regulatory Authority (RERA) rules, notified by the state government, which has come into effect from May 1. A recent report on Real

Commercial space - Set for a solution

Pune's office property supply crunch will ease by 2019, predicts Gaurav Nahta,Director,Purple Realtors. Pune's low office space vacancy rate of around six per cent is proving to be a serious challenge for companies seeking large

A green touch

Pune Easy-to-maintain plants can add charm to your living and working space. Potted plants always provide the much-needed relief of freshness in the air, particularly in the stagnant indoor environs of homes and offices. Such s

Maha RERA - Leading by example

Pune Maharashtra has become the first state in the country to be 100 percent RERA-ready. The centre has notified May 1 2017 as the date when the Real Estate Regulation & Development Act (RERA), 2016 will come into force. Th

Buyer literacy must for real estate Act's success: Experts

The Real EstateRegulatory Authority (RERA) Act will empower people, but citizen's participation and awareness is key to make it a success, realty experts said on May 6. They were speaking at an event organised by citizen

The Recession is Good for You?

7 Reasons Why The Recession Is Good For You. This year will certainly be remembered by some as one of economic despair, which is why it is necessary to focus on the positive whenever possible. It is not healthy to be surrounded by the a

Is It Good to Buy a House During a Recession, Or Should You Wait?

It’s been more than a decade since the Great Recession of 2008, and the housing market has rebounded nicely. We’ve seen at least one cycle including a seller’s market, when homes sell fast for higher prices — making it

IGR plans tie-up with cops for online rental agreements in Maharashtra

The state Inspector General of Registration and Controller of Stamps department (IGR) has proposed linking of data from the registration department to the police department which will exempt citizens from the mandatory police verification process

Why Recessions Are A Great Time to Start a Business

Recessions are the perfect time to start a business: FedEx, Microsoft, Burger King and even GE were started during the recessions the U.S. has experienced over the last century and a half. If you’ve been thinking about star

Is your property possession delayed? Here’s what you can do

A home buyer, who fails to get the possession of his property on time, can resort to several provisions under India’s civil, criminal and consumer laws, to take action against the developer A property buyer, who invests his hard-

Overcoming Negativity with a Positive Attitude

Maintaining a positive attitude is a key aspect of coping effectively with daily life. It gives you an optimistic outlook that enables you to avoid negative thinking and habits. Adopting positive thinking as your way life will lead to worthwhile c

Hinjewadi saturated, Pune Metropolitan Region Development Authority turns to Gujarat for town planning models

The Pune Metropolitan Region Development Authority (PMRDA) is set to replicate the Surat and Ahmedabad town planning models to come up with corporate and industrial hubs along the outer side of the proposed 129-km ring roa

Things to Invest in When a Recession Hits

When the market is soaring, it’s easy to forget that what goes up can also come down. But economic slowdowns tend to be cyclical, which means that another recession is in the future. Whether it’s fast-approaching or sti

PMC earns Rs 29 crore from regularising illegal flats

The Pune Municipal Corporation (PMC) has collected a fine of Rs 29 crore under the amnesty scheme for regularising constructions in the city. Even as the opposition claimed that builders benefitted from the scheme and

Welcome to the fake recession

The stock market falls. Millions of people file unemployment claims. There's a historic drop in quarterly GDP. Consumer confidence nosedives. Production declines. Housing stalls. Oil collapses. Shipping dries up. Economic indicator after econo

Civic budget moots projects that may remain on paper

Pune Scepticism about the plans for the city floated in the civic budget is on the rise. The standing committee, which presented a Rs 6,000-crore budget for 2017-18 on May 13, proposed a tunnel connecting Pashan and Kothrud to

Affordable housing units out of most target beneficiaries reach

Pune Rahul Wadke's dream of owning a home-sweet-home in the city is not turning out to be an affordable one. With an income of Rs 20,000 a month, the 40-year-old autorickshaw driver has been planning to invest in a Rs 10-15

Take The Leap

People are not always happy with their present situation. The solution is right in front of our eyes – make the fateful change and escape the negative environment be it physical or mental. But making a change is something that can also be fr

Infosys Pune becomes largest campus to receive LEED Platinum certification

Pune Technology services and consulting firm Infosys on April 18 announced that it has been awarded the LEED EBOM (Leadership in Energy and Environmental Design - Existing Building Operation & Maintenance) Platinu

Illegal construction market high in Pune on state's move to amend law

Pune The illegal construction market on the city fringes is celebrating the state assembly’s move to amend the Maharashtra Regional and Town Planning (MRTP) Act that allows to legalise unauthorised buildings by paying a premium or

Educational institutes boost Pune’s residential market

The presence of good educational institutes, has had a positive impact on Pune’s real estate market. We examine the regions that have witnessed healthy demand for residential properties on sale as well as rental Pune is hailed as

How Can Enterprises use lockdown to Restructure Business Strategies: Lets Discover and Recover

The world is curious about what will happen after the lockdown, especially in the business sector. This era might even be divided into two: pre-corona and post-corona. The current situation has taught people the importance of modern

Buyers prefer homes in areas with good employment prospects

One major trend that has emerged is that areas with good employment opportunities are seeing a genuine demand for homes, a fact that many developers are cashing in on As a general trend, employment opportunities in an area have a signi

India goes online in lockdown

India is learning to go online for paying bills, banking, shopping, work and even praying during the covid lockdown and this will be the new normal, according to Gipsi Research. "This will continue to be the new normal", the re

What Lies Ahead for the Pune Property Market

Pune’s real estate market is the stuff of legend, and justifiably so. All the five main verticals of the property sector – residential, commercial office space, retail and hospitality are performing optimally in Pune. This is by all st

It's time to take a call on your property purchase

Pune Real estate experts advise homebuyers to take a plunge without waiting for price correction, which is unlikely to happen. There were two concerns afloat in the residential market one was the buyer expectation of a drop in

10 Quotes to keep you going during the coronavirus lockdown

These past few days have been really tough for everyone around the world. As the coronavirus cases increase, more and more restrictions are being put requiring you to stay in your homes and not interact with the outside world. This can severely af

Pimpri Chinchwad civic body offers 5% tax rebate for cashless property tax payments

Pune The Pimpri Chinchwad Municipal Corporation (PCMC) is giving a concession of 5% on the general tax component of property tax to property holders paying their tax and arrears through cashless transactions

Reasons why now is a good time to buy or build

Right now, is obviously not a good time to buy or build, however, the perfect time may be just round the corner. The opportunity won’t last forever though, which is why it’s important to be ready for it. You may su

Maharashtra budget overlooks key infrastructure projects

Pune The state budget on March 18 gave short shrift to Pune and Pimpri Chinchwad, with no budgetary allocations for several key projects. The proposed Purandar international airport, the ring road, and

Cosy spaces - Choosing luxury dream home

Pune An ultra-luxury home should offer residents a high standard of living and unparalleled convenience. Buyers looking for property in the ultra-luxury space are often people who are well travelled and well-heeled; exposed to

Green grin - In nature's lap

Pune Well-designed green spaces always offer that life-enriching experience. A trend that is fast emerging in societies and townships is creation of green oasis to bring back nature's treasures. The design and location of a

Will Auction Aamby Valley If Money Not Deposited: Supreme Court Tells Sahara

NEW DELHI: The Supreme Court on Thursday said if the Sahara Group fails to deposit Rs.5092.6 crore in SEBI-Sahara refund account by April 17 in pursuance of its order, it will be "compelled" to auction its property valued

Traffic chaos a given in higher FSI areas in Pune

Pune The new Development Control rules that promise more Floor Space Index (FSI) for construction in the core city areas seem like a boon for developers and home buyers, but may worsen traffic. The vertical growth in these

8 things to do before house hunting

Pune Here are some pointers to look for before you set out on a house hunt. Developer record: Study the previous record of the developer and his earlier projects. Title of the property:

Pune's making it

Pune Poised for further progress, Pune holds high growth potential with its competent talent pool and favorable business-environment. This city has everything that a thriving industry demands. Poised for further progress, Pune

Society maintenance bill over Rs 5,000? Pay 18% GST

Are you paying Rs 5,000 or above every month as your society maintenance charge? If yes, your housing society will have to rework their maintenance bill heads to ensure you or your society do not have to pay Goods and Services Tax (GST).

Here’s how GST will impact real estate and homebuyers

With the announcement of the rates for taxation under the Goods and Services Tax (GST) for various goods, India is now one step closer to becoming a unified tax market. With the announcement of the rates for taxation under the Goods an

Chic look - Light it up!

Pune One can bring in an altogether new dimension to a space with a thoughtful application of decorative lights. Any space in a house has a particular function. Although architectural design allocates spaces according

10 Home Products You Should DIY, Not Buy

Most people have a few clear goals in mind when they choose DIY items over store-bought ones: they'd like to save money, be creative and feel satisfied in completing a project. While everything in this list certainly meets those goals, they

Display Case Ideas

Display cases are used to add emphasis, elegance and drama to the items they house. Retailers use them to showcase special products in an enticing way for shoppers. Display cases are often located in the front of a store so the items can be easily

Maha RERA: Just 12 projects, 900 agents register so far

Pune Its been four weeks since the Real Estate Regulatory Authority came into force in Maharashtra, but only 12 projects and 900 agents have so far registered under the new regulatory regime across the state. Three bu

Expert insight - Exploring options

Malls in Pune are set to capitalise on strong office space demand. As occupiers in Pune face a severe shortage of quality office assets across most micro-markets, it has led to a scenario where there are hardly any options left for them

Developers can continue to advertise their existing projects

Pune With 14 states and union territories already having notified RERA and the remaining 14 at an advanced stage, experts assert that developers can continue advertising their ongoing projects till the end of July 2017. Post-de

Home buyers in Maharashtra to now pay VAT on staggered payments

With this, buyers making payments before June-end for underconstruction properties will be charged 1% VAT, while payments made after that will attract 6% state GST under the new tax regime MUMBAI: In a move that would impact all real est

Legal remedies available to homebuyers against builders for unfair practices adopted

The residential real estate sector has been abuzz with news of frauds and project delays. A homebuyer who is the victim of the unfair, negligent or fraudulent practices of the builder has the following remedies available to him. In a sit

Buying a house? RERA likely to make 20:80 schemes unviable

RERA has stipulated various obligations and duties not only on the promoters but also on allottees, real estate agents and the Authority. While RERA aims to: (i) p

4 reasons why residential real estate prices will rise post RERA

RERA has been implemented with the purpose of enhancing transparency, mitigating information asymmetry and applying a uniform ‘code of conduct’ for developers across various states. It seeks to reduce the volatility seen in the real es

GST Impact On Home Buyers Post 1st July 2017.

GST Impact On Home Buyers Post 1st July 2017. Possibility:- Scenario 1: Pre July 1st 2017. 4.5% Service Tax 5% or 6% Stamp Duty (rural/Urban) 1 VAT Total= 11.5% approximately

Want to buy a home in Pune? Know how

Where in Pune can I buy a property, preferably a flat.My budget is within Rs 40 lakh? Please suggest me locations and also how should I go about with the search for property? Considering Jagathis a working professional, taking out time e

Realtors and experts differ on price impact

Pune People deliberating about buying their dream home might have to wait a little longer before the impact of the proposed goods and service tax (GST) regime becomes clear on their prospective purchase value. Ex

RERA slows down new project launches across Maharashtra

Pune Developers have been cautious while launching new projects both in the run-up and after the announcement of the Real Estate Regulatory Authority (RERA) rules. A recent survey released by a research group las

RERA slows down new project launches across Maharashtra

Pune Developers have been cautious while launching new projects both in the run-up and after the announcement of the Real Estate Regulatory Authority (RERA) rules. A recent survey released by a research group las

Consumer forums caution home buyers about discounts on realty projects

Pune Developers are offering customers various discounts on realty projects ahead of registering with the Real Estate Regulatory Authority (RERA) by July 31, complained consumer forums in Mumbai and Pune. The forums h

Why you must rent out your flat on licence not lease

Squatters are every landlord's worst nightmare. As buying their own real estate is out of reach for a large number of people in the country, we often hear stories of tenants illegally occupying prime properties. If the squatter refus

GST: State regulators to ensure no new tax burden on flat buyers

The government has also threatened to invoke the anti-profiteering clause for unjustified increase in prices or for failure to pass on the benefits to consumers NEW DELHI: The revenue department is asking real estate regulators in states

RERA – How it goes on to affect Real Estate Agents

The second largest job provider, Real Estate in India, is expected to boom further, about 30% in the next decade. While the real estate sector isn’t something new that had gained the attention, it is only now that that India seeks to put the

Online realty cos MagicBricks, PropTiger, 99acres, CommonFloor collectively post Rs 762 cr loss in FY16

Moneycontrol News Losses of internet-based real estate companies -- Housing.com, PropTiger, MagicBricks, 99acres and CommonFloor -- jumped nearly 65 percent collectively to Rs 762 crore for the year ended March 31, as pe

Carpet area to exclude balcony, veranda, terrace: Maha RERA

The move, however, is expected to bring to an end the practice of builders selling flats based on measurements like the built up area (sum of carpet area and common facilities like veranda, staircase, lift etc) To bring about uniformity

GST to reduce tax liability for home buyers, bring down home prices: Govt

The government has also asked builders to not ask customers to pay higher tax rate on installments to be received after imposition of GST NEW DELHI: Giving some respite to home buyers who have booked homes and made part payment, the gove

GST may increase price of flats nearing completion

Builders claim that the 7.5% increase (12% - 4.5%) in tax post GST is because they will not be able to claim any credit for taxes paid on inputs bought before July 1 If you are paying for your house in installments to the builder you may

No ads of housing projects without registering with RERA: Govt

The clarification is likely to further dampen the already subdued real estate market that has seen no real appreciation in value of property Clearing the air on real estate developers issuing advertisements, the government has said no on

With no GST breather, ready-to-move-in flats to cost more

HIGHLIGHTS New flats will cost less, giving some breather to the developers of upcoming projects. GST gives an option of getting full input set-off credit, which is not applicable on ready-to-move-in flats U

What GST means for your new house?

With India set to roll out the Goods and Services Tax (GST) on the midnight of June 30, 2017, home buyers are confused about its effect on the real estate sector, especially on property prices. "It's a complex exercise to quanti

Deadline July 31, but only 350 of 9,000 Maharashtra builders sign up with ReRa

MUMBAI: Around 9,000 builders in the state are expected to register their projects under the Maharashtra Real Estate Regulatory Authority (

Green grin - Eco-friendly exploration

Pune Energy efficiency, lower toxicity and sustainable material; green homes makes for a healthy living. In today's age of growing awareness about environment-friendly approaches and means, residential properties aren't

Innovative, smart dwelling is trending in

Safe, sustainable, economical and environment-friendly are the new buzz words in the world of smart homes. Living with the idea of smart technology is no longer restricted to the usage of smart phones. It has moved into our liv

Short of smart work, smart projects in Pune run out of steam

Pune Going by the progress of projects under the Smart Cities Mission a year after its high-voltage launch, the city’s future looks anything but smart. A majority of "smart" projects have failed to take off. Wor

Consumer forums caution home buyers about discounts on realty projects

Pune Developers are offering customers various discounts on realty projects ahead of registering with the Real Estate Regulatory Authority (RERA) by July 31, complained consumer forums in Mumbai and Pune. The forums h

Realty review

Pune With RERA becoming a reality on May 1, 2017, the next task is for the brokers to register with their respective state Real Estate Regulatory Authorities. Now RERA is a reality. RERA registration pro cess has commenced in M

Maharashtra govt rules out extension for RERA registrations, July 31 deadline stays

Pune With just a week left for completion of RERA registration for ongoing construction projects, the state government has made it clear that no extension will be given to developers or r

Easy to follow Vastu tips for your house

Your home is the most comfortable place to be, and it is by itself your most priced possession. Along with paying your utility bills, buying grossary, doing your interiors etc. If a few tips&nbs

A real perspective

Pune Maharashtra has become the first state in the country to be 100 percent RERA-ready. The centre has notified May 1 2017 as the date when the Real Estate Regulation & Development Act (RERA), 2016 will come into force. Th

MahaRERA ready for last-minute rush of project registrations

Pune With only three days to go for registration of ongoing projects, the Maharashtra Real Estate Regulatory Authority (RERA) has kept a technical back-up team ready and extended office timings to take care of last-mi

Pune civic body starts disconnecting water line to 200 dangerous buildings

Pune The Pune Municipal Corporation started snapping water connection to 200 dangerous buildings in the city on July 25. As many as 20 connections were cut to compel the occupants of these buildings to vacate their ho

Budget or Luxury Property: Which Is a Better Investment?

This is a big question in every property investor’s mind – do you stand to profit more from luxury properties or

RERA, GST implementation leads to more preference for ready-possession homes

Ready-possession projects are usually costlier than under-construction projects as it allows a homebuyer avoid several risks related to the project’s execution, financing and most importantly permissions. MUMBAI: Following the impl

Home buyers still in wait-and-watch mode; industry sentiment negative: Report

Pune: The future sentiments are positive but not bullish as stakeholders expect clarity, on policy issues, to come in the next six months. Home buyers are still in the wait-and-watch mode, with sentiments in the real estate sec

Activists find penalty amount levied by MahaRERA 'low'

Pune The quantum of penalty, Rs 50,000, charged for an ongoing project registered after the July 31 deadline with the Maharashtra Real Estate Regulatory Authority (MahaRERA) has not gone down well with activists championin

Colour therapy for your home

Colours have a profound effect on individuals and can affect us on a physical, emotional, mental and spiritual level. We look at how you can choose the right colours for your home, to create a positive and happy environment Colour or c

Interiors tips - space and sensibility

Pune Do you aspire to add a little zing to your home? After all, it's an easy and inexpensive exercise. Our expert suggests tips to indulge in, this weekend... How do you personalise your space and make it your ow

Recycle for a brand new look

Give a touch of newness to your home interiors by recycling or up cycling old pieces of furniture or artefacts. Old is gold. That's the reason we generally hate to part with our old possessions. The fact that we can play around with

The green trend

Green homes ensure that you have access to a sound and healthy living environment. Most buyers shy away from building a green home as the construction cost goes up by 5-8 per cent when compared to a regular home. However, once the house

GST and its impact on maintenance charges

What will be the impact of the Goods and Services Tax on the monthly maintenance charges paid by the residents of cooperative housing societies? We examine when and on what components, will GST be applicable.. When is GST appl

To furnish or not to furnish?

Choosing the right kind of an apartment unfurnished, semi-furnished or fully furnished is not easy. We spell it out for you in order to make your home-buying journey more seamless. While some developers sell their apartments as bar

Get your lavish spacious houses now in Pune

The love for spacious houses is not just a thing of the past. Where density of population has not limited land bank, prospective buyers with deep pockets are opting for space. Quite naturally, apartment culture or match box living has been a neces

In focus - Walls that speak volumes

Let your walls reflect the myriad moods of nature and the spirit of monsoon with the latest designs in wallpapers. When it comes to decorating your house, walls offer the perfect canvas for experimentation, creativity and expression of y

Style guide

From jewel-toned furniture to upholstered headboards, here are a few decor ideas that is in vogue. If you are looking to giving your home a makeover, then these ideas from the industry experts will help you to furnish your home with the

Is Baner the new KP?

Restaurants are buzzing, real estate is booming and the crowd is always on its feet. Baner certainly looks like the Koregaon Park of west P

New home decor trends

Here is a quick guide to getting your interior decor on point, while having comfort and function as your number one priority. As the new season rolls in, the trends in interiors get updated on the go. Fast life calls for calmer homes. Ou

Light up your living spaces

Illuminate your living room to create a pleasant ambience. Lighting is one of the most important aspects of interiors. For a living room where one needs to achieve a spacious look, the lighting system has to be varied. It should accent w

Plants that purify the air freshen up interior spaces

Indoor plants bring in freshness and cleanse the air of toxins. Potted plants always provide the much-needed relief of freshness in the air, particularly in the stagnant indoor environs of homes and offices. Such spaces are prone to allo

High living

Developers in Pune are taking luxury to the next level by offering unique amenities and services. The luxury home market in Pune is growing like never before. Developers in the city are witnessing a rise in the number of enquir

Flower power - Revel in the fresh fragrance of flowers

The aroma of fresh flowers can uplift one's mood and create a cheerful ambience. If ever there was a right time to get flowers back into decor, it's now. But did you know that there is a flower for every type of room in your home? Interior

Pune's real estate looks ready for revival

Pune Treading it cautiously, Pune's real estate is readying for revival as recent reports indicate drop in new launches and prices with focus on small-sized units. Post RERA compliance and GST, realtors are developing a fresh orienta

Water bodies in houses being used as decor features

You can easily adapt elements of nature in living spaces to add a touch of serenity that soothes the senses and compliments the ambience. This can be done in the garden or between the four walls of a home. A stream of gurgling water like a brook c

Dress up your walls

'Another hugely popular wall accessory is the canopy. Canopies can be draped above the bed creating the'` illusion of an airy cocoon that can lull you to sleep. Most of us think of furnishings, fittings and the works, but other t

Fresh interiors with natural lighting

India has a tropical climate. Many places in the country have a moderate temperature throughout the year. With cross-ventilation and lighting systems that suit the climate, architects can take advantage of these moderate conditions to reduce the e

Vow guests with moving walls & screens!

Space, often available at a hefty premium, is a scarce resource and we want it to accommodate everything we own. When we put everything in, the decor and ambience is often a cluttered living space. Solving this is as

Pune Residential Real Estate – A Cautious Revival

2016 was a year of landmark decisions for the Indian real estate industry, with the residential sector in particular witnessing concerted efforts by the Government to bring in transparency and boost consumer conf

Pune - What is Better for Investment - Residential or Commercial ?

Good time to invest in commercial property. Demand will be strong as companies expand due to improving business sentiment. It is a good option for regular cash flow, as it offers higher rental yields than residential property.

Right time for NRIs to invest in property

Pune With renewed transparency and accountability in the real estate market, investing in Pune realty could prove good value for money for NRIs. The market sentiment too is upbeat with lucrative property rates, attractive finance schemes

How to profit from residential property investment

Pune Real estate has historically been acknowledged as a potentially lucrative investment asset class, which is why it continues to draw attention all across the globe. In India, the real estate sector is also the second-largest employer

Realty ( Property ) gifts come with a price tag

Real estate is mostly conceded on to family members or relatives either as a gift or under a will. A gift of immovable property, in legal parlance, is covered under Transfer of Property (TP) Act, 1883, Income Tax Act, Gift Act and Finance Act and

Tenant rights in rented housing property

Legal issues among owners and tenants are not so uncommon. So, it is extremely important as a tenant to know your rights well. Feuds between the landlords and tenants are too common in the country despite the enactment of new laws and pr

Give a new look to your walls with trendy wallpapers

Often, we see the walls of our homes get wet due to the seepage of water, which in turn, leads to dampness and spoils the overall look of the room. To avoid the above from ruining your walls, wallpapers can be a good alternative. "There are m

The right time to invest is NOW!

Pune Post-RERA, under-construction projects have got a new lease of life and therefore potential home-buyers should not shy away from investing in them. Post-RERA being implemented almost in all the key leading states and Karna

Court lifts ban on construction for Pune's Baner and Balewadi

Pune On October 11, high court disposed a petition regarding the water supply crisis in Baner and Balewadi, along with providing relief to the builders by lifting a ban on issuance of commencement and occupancy certificate

Paranjape Schemes plans to develop second IT SEZ in Pune

Pune Realty developer Paranjape Schemes is planning to develop one more Information Technology Special Economic Zone (IT SEZ) in Pune's Hinjewadi. The company will be investing over. 600 crore to develop around 1.5 mil

7 Reasons Why Real Estate Is the Best Investment Strategy

There’s always debate when it comes to pinning down one best investment strategy. Our view is pretty simple, real estate investing is the best invest

Is now a good time to buy?

Pune If you have been planning to buy a new home, this is the ideal time to translate your dream into reality, suggest real estate experts. With RERA in place and GST (Goods and Services Tax) already making an impact with its n

Home is where the art is...

Pune A premier aesthete shares the perfect primer to reinvent your living space. Altering one's home décor has come a long way from being a rarity triggered by occasion. Changing times, exposure to global trends and the desire

Which is a better option â€” Plot or Flat?

Pune D G Gaikwad retired early this year but is facing a big worry. Where to invest his lifetime savings so that it is safe and gives him good return on investment too!, he is in a dilemma over buying a plot or a flat. Investin

Read the fine print

Pune What are the key clauses in a loan agreement, which a home-buyer should keep in mind? Home buying has become easier nowadays. With just a small amount as down payment, the rest of your property cost can be arranged through

5 risks to watch for while buying auctioned homes

Repossessed properties sold by banks can appear to be a steal for bargain hunters, but they come with their own set of risks. Buyers should remember that a bank's claim on a property put up for auction is restricted to the outst

India Residential Property â€“ A 2017 Recap and Peek into 2018

2017 was quite an eventful year for the Indian economy at large, and the real estate sector got more than its usual share of the limelight. A series of reforms and structural changes tore into the very heart of the industry, effecti

Lost your property documents? Here's what to do

Misplacement of property papers is a serious matter, so do not take it lightly. If your banker has negligently misplaced your documents, try to sort the matter and take stringent action as soon as possible. Mr. Raghuram was on the verge

List of Documents to Check before Buying Your Home:

What documents to check to avoid fraud when buying house/property? In today’s trend, real estate is becoming a part of each and every one of us. Sometime or other you will have to decide on

What documents to check to avoid fraud when buying house/property?

List of Documents to Check before Buying Your Home: What documents to check to avoid fraud when buying house/property? In today’s trend, real estate is becoming a part of

Co-working, managed office space will be game-changer in commercial real estate in 2018

Pune With major economic reforms taken up by the government, 2017 proved to be a landmark in the economic history of the country. Despite the initial slowdown observed by multiple industries, the industry outlook eventually too

Wrap your home in colours. Fetch some luck!

Pune A little change goes a long way, and, a little colour goes even further! If 2017 was about vitality, relaxation, and the great outdoors, 2018 will signify felicity, mystique, and charisma. This tenderness will ma

Bringing in positivity

Pune Energies can be positively adjusted to upgrade peace, prosperity and achievements in a house. Although modernistic in our views, at the core we are strongly traditional which explains our unshakeable belief in Vaastu Shast

Itâ€™s time to enter the silence zone

Pune The valuation of property today, is being increasingly dictated by noise and sound levels in one's adjacent area. Read on… Think about this: As soon as you step out of your house, you are exposed to cars honking

No proposal for mandatory Aadhaar linkage for property deals: Govt

Pune There was no proposal to make Aadhaar linkage mandatory for property transactions, the Parliament was informed on December 19. In a written reply in the Lok Sabha, Union Minister of State (Independent Charge) for Housing a

Collecting info from states on builders committing fraud in name of PMAY: Housing Minister

Pune The Centre was collecting information from the states and union territories on private builders allegedly indulging in forgery in the name of the affordable housing scheme, Parliament was informed on December 19. In a writ

Realty prices grew in top 36 cities, declined in 13 markets in April-June: NHB Residex

Pune Real estate prices in top 36 cities of the country have continued to show signs of recovery with highest price growth of 15.7% recorded in Vizag during the quarter ended June, showed the National Housing Bank's housing price ind

Are you an NRI & want to buy property in India? Here's help

One of my friends had migrated to Australia 10 years back, after having disposed off his residential property in Mumbai then. Few days ago I received a call from him and he sounded somewhat hassled. One of my friends had migrated

Benami properties next on Modi's hit list? PM may have a plan next year

Pune After Prime Minister Narendra Modi's shock decision to ban high-denomination currency notes in November 2016, people have come to expect such moves from him. He won several elections for his party, the BJP, while economy had sti

Don't get fooled by builders over maintenance charges

There's a million yards to walk before one settles down in one's own home. This is true especially for those who buy their house from a developer. From the time one books a house to actually getting its possession, there can be p

Second Homebuyers â€“Growing trend in Pune

Pune Whilst first home is a necessity second home is an attractive investment avenue. The trend of buying second home is increasing and this is driven by the large aspirational middle class who are pushing up the demand for the second ho

How to sell a flat, know the basics

Pune Any plans to sell off your property? If you intend to then make sure that you are aware of the current market trends. This will help you quote the ‘right’ rate of your property and save you from a lifetime of regret from

How 2017 kept real estate market on its toes

Throughout 2017, policy changes kept the real estate industry on its toes. The jury is still out whether the industry is out of the woods yet. A lot has changed in this year. While for developers, the way they had been doing business cha

Give your home a winter makeover

Pune Welcome the winter with cosy home decor that will make you feel warm and cheer up your moods. You can impart cheer to spaces with warm colours and soft, fluffy fabrics. While in summer, a cool, airy look is appealing and t

Facelift of Indian Real Estate- Vision 2018

Initiatives by the Indian Government have created the ideal foundation for real estate to look ahead at a positive future, with the promise of potential growth. The new regulatory regime is largely about steps, which include streamlining approval

2018 Outlook for Real Estate Sector

Listed below are the challenges and opportunities for growth in the real estate sector in 2018. Challenges: Lack of industry status to Real Estate Sector: Delay in according an 'indust

What will be your biggest investment in 2018?

2017 saw a paradigm shift in how India invests its money. While still reeling under the impact of demonetization, the year saw an introduction of major policy changes as well as the boom of newer and riskier investment avenues, including Bitcoin a

Happy New Year - Last minute guide to hosting a New Year party

Here’s a last minute guide to hosting a New Year party at your house and getting the decor and vibe right. Read on... The New Year party is the best way to be surrounded by your closest people while you bid adieu to the current yea

Real estate sales see slight dip through most of 2017

Pune The year 2017 did not turn out to be quite the blow-out year for real estate. Comparative data suggests that total real estate transactions in Pune region in 2017 was 7.44% lower than that recorded the year before. Pu

Land Registration Process in India

Land registration process becomes crucial for the buyers. After the execution of rules of RERA and GST in India this year, real estate sector has seen a remarkable metamorphosis for both buyers and realtors. This time, rules of RERA make home buye

Power of Attorney for Property Registration in India

Power of Attorney (PoA) comes to play a major role when Non-Resident Indians (NRI) try to purchase a property/land in India. Registration of property in India is a part of subsection 17 of the Registration Act, 1908. Under this header, every prope

Ways to Get Tax Benefits on Home Loans

Every Individual dreams of owning his or her own property one day. Most of the times this dream is achieved with financial support from financial institutions like banks in form of loans. But after living in the house for few years it would age an

RERA Guidelines in Maharashtra: Know Your Rights Before Buying a Home

The RERA (Real Estate Regulation Authority) guidelines in Maharashtra have come up as a big reprieve for the home buyers and is expected to protect their interests by ensuring on time delivery of the projects. Introduced in 2013, RERA gu

How Home Automation Makes for an Easy Way of Life?

Home automation has made science fiction of the yesteryears the reality of today. What one thought was just an idea on the pages of a book or a movie a few decades have become something that we can’t do without today. A fine example of that

Are you financially-sound to buy a home in 2018?

Pune Our experts put before you a meticulous fiscal plan that could help you sign on the dotted line this New Year. So, what are you waiting for? Go ahead and make the purchase! Buying one’s 'own&

Top 8 office markets of India

Bengaluru continues to outperform with an absorption of 10 million sq ft YTD, followed by Gurgaon, Pune, Hyderabad and Chennai. The year-on-year (YoY) rental growth continued to surge in several micro-markets across India, particularly i

2017 ends with new hopes for coming year 2018

India is one of the fastest growing real estate market and 2017 was not less than a roller coaster ride for real estate world. With the implementation of demonetization, GST, RERA govt gave back to back shock to the country for welfare, growth and

Indian Real Estate Industry in 2017 and predictions for 2018

The Indian real estate sector was perhaps the most affected in 2017 among all the sectors of the economy but the story is far from over. The implementation of demonetization in November 2016 had the entire economy reeling until the first quarter o

6 caveats: Buying a house in RERA Era

Pune If you are planning to buy a house today, six month after the real estate act came into force, do so after some careful market survey. Do not throw precaution to the winds just because RERA is in force. The Real Estate (Re

How GST has taken the suspense out of Budget

The Goods and Services Tax (GST), which was imposed on July 1 last year, radically changed many things in Indian economy. One change that has gone unnoticed is its impact on the Budget. The GST has shorn the Budge its suspense and mystery by takin

100% automatic route FDI for real estate brokerage can push broker training, services

The Cabinet cleared 100% FDI under automatic route for real estate broking services on the grounds that real-estate broking service does not amount to real estate business and is, therefore, eligible for 100% FDI. In a post-RERA (Re

MahaRERA to issue notice for property broker'sâ€™ registration soon

Pune The Maharashtra Real Estate Regulatory Authority (MahaRERA) is planning to issue a notification, asking the 1lakh and odd property brokers across the state to get themselves registered at the earliest. At pr

How have 'Elevator Technologies' changed with time?

In the last few years, elevator industry has witnessed several technological advancement. Companies are introducing new features in order to make the traffic movement easy. Here we look at some of the major changes that elevator industry has witne

Baby proofing your home?

Pune While it is an obvious rule to not leave your baby alone, parents are often paranoid about their child's safety, even at home. Here is a lowdown on what you must keep in mind while baby-proofing your house. Ele

Freshen up your interior

Pune The New Year is the perfect time for new beginnings. Want a brand new look for your home in 2018? Get going with these decor tips… A brand New Year is here, and although, it falls in between the dark, gloomy winter

Sample Flat V/S Actual Flat

Pune Sample flats (or popularly referred to as 'show flats') give one the much-needed clarity, thus facilitating the home-buying process. However, should you believe everything you see? Our experts address your dilemma.

Green is the new black

Pune It becomes imperative to gauge our role in promoting sustainable living for the betterment of not only ourselves, but also for future generations, believe our experts. Sustainable living or green living has become the norm

Budget 2018: What homebuyers expect?

The year 2018 is full of expectations from the upcoming budget as homebuyers are looking forward to buying homes and developers are keen to sell. Tax benefits are likely to help many people buy their first homes, ful

Trend alerts for interior

Pune Current interior design trends 2018 speak of choices which are people, pocket, mood and environment-friendly. With the arrival of the new year, the time is in to discard the old and welcome the new. Th

Everything looks better in 'COLOUR'! basis the Pantone 2018 trends for the season

If 2017 was all about vitality, relaxation, and the great outdoors, 2018 will signify felicity, mystique and charisma. This tenderness shall manifest your home decor and interiors with the use of muted greys through hues like Nile Green as a grey

The role of a treasurer

Pune It is imperative that a treasurer performs the following duties for the effective functioning of the CHS. A managing committee is elected democratically through the election offi cer appointed by the State Co operative Ele

8% GST on houses

The Goods and Services Tax (GST) council in its meeting held on 18th January has recommended concession in the rates GST for homes purchased under the Credit Linked Subsidy Scheme (CLSS). For under-construction homes that form a par

Realty registrations down but revenues soar

Pune While the overall property registration figures across the district and region have fallen in 2017 when compared to 2016, tax collections have soared. A reading of the 2017 date shows that property registrations in Pu

RERA or consumer forum, where does one get relief?

Pune A settled and well-oiled dispute settlement mechanism is the crux for restoring buyer and investor's confidence in the real estate market. Till about mid last year, people had to mostly bank on consumer forums at the d

5 facts about a will you must know

Pune Untimely deaths in a large number of households are often overshadowed by family members squabbling over inheritance. Thus, it is advised to make a valid will in one's lifetime so as to reduce any scope of family feud over prope

Occupancy Certificate is mandatory: A house without an OC is illegal!

Pune Sonia was a happy buyer when she got the possession letter from her builder after a delay of eight years. She was prompt in paying the outstanding amount as she had patiently waited for so many years for the construction to be

Where can NRI buy properties in India

Buyers, especially NRIs, are often in a dilemma when they choose properties. They know their budget but have little idea about the supply in various cities of the country. Sometimes homebuyers end up buying properties that they were not searching

Act not applicable to lease transactions: MahaRERA

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has ruled that the provisions of the Real Estate (Regulation and Development) Act (RERA) are not applicable to lease transactions, dismissing a complaint by a home 'buyer' wh

Decoded Budget 2018 for home buyers

With a focus on affordable housing, infrastructure, connectivity, MSME, rural development and smart cities, the Union Budget 2018 has met some expectations and some are still in the pipeline believe the National Real Estate Development Council (NA

Location holds high value

Pune Physical, social and economic infrastructure of the location is a key determining factor during the home-buying process. The price of properties on the border of any city in India could be a case study in urban housing eco

Out of office, in the house

Pune Looking to get a serious workspace at home but don't have enough room for it? Here's how you can create a professional work zone within a limited space. Owning a home-office is not limited to people who live in big

GST advantage: Home buyers must now get lower rates

Pune Many home buyers are still not getting the benefits of input credit to developers, despite rationalised GST rates for the real estate sector. GST rates have been brought down to 8% for affordable housing, which,

Are you buying smart?

Pune Are you a smart buyer? Investing in a property is a risk worth taking. Just keep these things in mind before closing the deal and you will buy smart. Buying a home is a calculated risk. Are you game for it? Keeping a few t

Let your nest get the best of ultra violet

Pune Infuse confidence and originality into space by styling it correctly with the most trending hue of the year, i.e. ultra violet. We are a month old in 2018. Like any other industry, the home decor is also talking about the

Nothing comes for free? Some things DO!

Pune Did you know you could get a few things for free on purchasing your dream home? Here's how… Buying a home is an expensive affair. You not only have to spend on the home, but also documentation, taxes, maintenanc

Ladies first

Pune Women employees, especially those pursuing their first job, have a key reason to rejoice. With the promise of a higher take-home pay packet, lower interest rates on home loans for women, reduced stamp duty, and a slew of affordable

The realty push

Pune Small and measured steps can help one create a home that is not only energy efficient, but a better place for all to live in. Home is the sanctuary where people relax after the noisy and cluttered lives outside. Everyone w

Second time lucky

Pune Buying a second home will be a profitable proposition, but you must have all information. Buying a second home will definitely give you an edge so far as your disposable income goes. Investment in a second home will give y

Getting it REIT

Pune Our realty experts weigh the pros and cons of REITs and discuss ways through which they could further impact the realty market. The timing couldn’t be more perfect as the country awaits its first REIT listing to go live. Read

Comfortable corners

Pune Who says compact homes ought to be functional and not creative? Here are some quirky ideas to enliven your studio apartment. Use advanced technology, multi-functional and expandable furniture and maintenance-free finishing

FDI drives realty

Pune The year 2017 has been rather significant for the real estate sector of India due to the implementation of various reforms, which includes RERA, GST and Benami Transactions Act. Hence, 2018 is now been perceived by experts as a year

Right place at the right time

Pune Want the best returns from your home? Here’s how you can gauge the appreciation potential of an area. Buying a house is a huge investment and homebuyers often expect their home to provide them with safety, happiness

The importance of owning a house

Pune Exploring the psyche behind owning a house vis-a-vis renting it. 'Owning a home is a keystone of wealth…both, financial affluence and emotional security.' Here's sharing a brief snapshot of the views of

What to do when builder fails to give Occupancy Certificate?

Pune As a homebuyer, you need to be very careful on what you should do at every stage of your purchase. Today, there are many homebuyers who despite knowing the importance of an OC, ignore it and take possession of their flats. Many deve

Home away from home

Pune Until a few years ago, buying a second or holiday home was a fad among people with ample disposable income. Thus, developers saw this as an opportunity to construct houses in faroff places and earn more profit.

How to make your EMI affordable

Home loan is a long-term financial commitment and it is important to ensure your EMIs are within your budget and do not impact your monthly income. It is seen as a financial burden which has to be planned very carefully. A prud

Realty: Best Investment bet for NRIs and 30+ age group

Pune Due to its low-risk factor and potential for high returns in future, real estate has been the safest investment option for NRIs. Q. What should I keep in mind while planning to invest in real estate? A: Real esta

In the interest of buyers

Pune When faced with an insolvency proceeding, here's what you can do to ensure that your rights are safeguarded when the builder fails to complete the project. What is insolvency? Insolvenc

The exponential office market

Pune The commercial real estate market remained robust in 2017 as it recorded pan-India leasing volume of about 42.8 million sq ft (excluding pre-commitments, which is marginally up from 2016 numbers) as per Colliers International Report

Pune's real estate market revives ahead of fiscal-end

Pune The real estate market is finally returning to growth path with the property registration and revenue collection witnessing a steady rise this financial year. The department of registration and stamps has co

Trend alerts for interior

Pune Current interior design trends 2018 speak of choices which are people, pocket, mood and environment-friendly. With the arrival of the new year, the time is in to discard the old and welcome the new. Th

Benefits accorded to women home owners

Pune Lower home loan interest rates; Processing fee discount or complete waiver; Lower stamp duty charges in some states; Eligible for an annual tax deduction of Rs 2 lakh on the interest rate on home loans;

Pune is the best governed city in the country: Survey

Pune Pune, with its uncleared garbage, bad roads, broken footpaths, unmindful traffic, bad air and governance that has to yet reach most citizens, ranks first among 23 cities from 20 states in the Annual Survey of India'

10 facts about a will you must know

Pune 1. Who can make a will: Any person of sound mind, who is not a minor, can make a will. 2. Who can be a legatee: A legatee is the principal beneficiary or inheritor. A minor, a corporation

Due diligence for building your own house

Building a house is a one-time event for most people and an expensive affair. Quality of construction is of extreme importance to the owner as it determines the life of the building. Owning land in a gated community gives the choice of c

Cities must not isolate those with disabilities

Pune One of the primary missions of the Smart City project in Pune is to make the roads safer — for all road users including pedestrians, non-motorized transport, public transport and private vehicles. However, the needs

Summer decor

Pune Summers are here and it is time to revamp homes to deal with the heat. With extremely busy lifestyles of today, homes are gradually becoming biggest retreats. Therefore, creating soothing sanctuary right in the confines of home is a