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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 that the new rate will be 5 percent, down from the current 12 percent, on all housing projects...

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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 distinguishable and truly world-class are immense. While it is a taken that a home should provide...

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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 interior experts are taking inspirations from these frozen desserts to spruce up the places. It won't...

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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, thousands of crores have been earmarked to build 100 such cities — Pune is one amongst the first 20 selected cities.  (image) The smart...

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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 sample flats and the beautiful trimmed...

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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.  Step 1: Deciding to become a homeowner How long do you plan to stay in the home? It’s best...

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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 crucial to factor in all these key concerns before taking the plunge. So,...

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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 estate market of Baner offers you various...

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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 cramped or spacious, well-lit or poorly lit, full of people...

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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 parlance. Therefore, site visits should top the to-do...

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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 home, said American investor...

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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 and rent out their properties without performing legal due diligence. This is not...

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Home Shanti Home

Actor Shreyas Talpade discusses how his home-hunting journey was nothing short of a golmaal experience, completely ridden with apprehensions and bittersweet emotions. Read on… Iqbal (2005) traced the journey of an aurally challenged youth from a remote village who fights against all odds to fulfil his dream of becoming a cricketer....

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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 requirement that most of us realise and work towards. Interior trends...

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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 of people with disabilities are rarely ever considered. (image) According to the 2011 census, Maharashtra is among the states with...

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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 constructing the house by developers or through contractors. Typically,...

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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 and other juristic person can be a legatee. If the minor has been...

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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's City-System (ASICS) for 2017+, making it the best governed city in the country. Pune scored 5.1...

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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; In case the property is rented out, women owners can also deduct the interest rate paid against the mortgage...

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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 witnessed: MRL technology Real estate developers are increasingly preferring gearless & machine-room-less (MRL) elevators...

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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.  This rule applies to your home's interior design as well. So gear up to update yourself on what’s...

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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 collected over 90% of its revenue target for 2017-18 with nearly 18.5 lakh document registered till mid-February. Registration department officials said they were...

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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; The demand was well-supported by net supply of about 34 million sq ft (3.1 million sq...

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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?  Insolvency is not a recovery proceeding, but a process of resolution of debts of the corporate debtor who is unable to discharge his...

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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 estate is been conventionally considered to be a product; whereas it's an Industry in...

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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 prudent borrower will plan it wisely to make his home loan EMIs...

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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. However, a lot of these projects failed to deliver on their promise. Delays in obtaining...

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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 developers sell the property without this document leaving flat and...

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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 two members of the fair gender standing at two different thresholds of their lives on their reasons for owning...

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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 and calm. In practicality however, that's not all that we wish for. Our practical...