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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...

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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 wherein major transactions and activity are bound to take place. As...

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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 materials to design your home; In compact housing, emphasis is on making the home feel spacious. 'Less is more' is the...

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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 on… Real Estate Investment Trust (REIT) has been a long pending...

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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 you some financial stability and will also heighten your status symbol. However,...

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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 wants it to be the place where life thrives and families...

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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 housing options on offer, there's more power to the young woman...

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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, maintenance, parking, etc. However, there are a few things that you may not have...

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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 trends. Among the vibrant colour palettes which are being suggested by...

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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 tips in mind will help you buy...

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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, considering the input credit to developers, should effectively become net zero for the consumer. What does this mean? When a...

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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 homes. By putting on your creative hat and managing the space...

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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 economics. A 2-BHK property in the city would cost no less than double the...

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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 (NAREDCO). The government has taken several key initiatives in the budget such as new...

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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' who purchased a 1BHK apartment in Lavasa Corporation's Brookview project at Lavasa City in Dasave in Pune. Jitendra Tulsiani had filed the...

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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 for in the first place.  Thus, it is important to know...

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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 property of the deceased. We have compiled here a list of...