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Blogs (286)

                        

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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 own? Here is a lowdown... 1. The mantra is to be quirky. Quirk is less...

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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 chroma therapy is an alternative method of healing, through the...

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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 championing the statute. The total number of registrations with MahaRERA has gone beyond 11,000 with over 1,000 of such registrations coming after...

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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 implementation of Goods & Services Tax (GST) and Real Estate (Regulation & Development) Act, 2016 (RERA), homebuyers are increasingly showing preference towards buying ready-to-move...

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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 budget homes? Generally, lower-end real estate needs lower capital, which makes it especially appealing to small-time investors. Luxurious real estate, however, is an asset class reserved for people with a lot of capital to spend...

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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 houses. The action would continue, said a civic official. Shridhar Yeolekar, the executive engineer of the building permission department, said, "We...

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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-minute updates. Till July 28, MahaRERA has received 3,256 applications from developers and 5,842 applications from real estate agents. Builders are rushing to get their...

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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. The state governments were given time till April 30 to set up the...

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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 of Vastu Shastra are followed, it ensures a good health of your house. Attract positive energies Vastu Shastra is about attracting positive...

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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 real estate agents for registering with the MahaRERA website. The last date for RERA registration is July 31. According to MahaRERA, 1,350 applications were received from developers for registration while more than 900 projects were...

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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 Maharashtra, but has not assuaged the challenges of real estate brokers. They are...

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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 have asked consumers to not invest in projects till they are registered with RERA. However, developer's bodies have said they can advertise and...

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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. Worse, official's various decisions courted controversy. In a nutshell, citizens have gained nothing out of it so...

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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 living rooms in the form of smart appliances or furniture and is gradually changing...

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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 far behind. No wonder, green luxury homes are in vogue. The idea behind a green home is having a healthy habitat where one...

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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 (MRERA), but only 350 of them have done so since May 1, when the regulations came into effect, reveal MRERA authorities. The deadline for registration is July 31. If builders don't register their projects, they...

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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 quantify the tax cost of projects because every project has different...

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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 Under GST, the effective tax on under-construction projects has gone up to 12 per cent. MUMBAI: The consumers will have to shell...

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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.   In Maharashtra, GST will be in addition to the 6% stamp duty rate charged by the state. This will mean higher outgo...

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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 he could occupy his newly bought flat since he possessed the completion certificate, Lokhande was more than glad. First thing to...

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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 ongoing or future projects can be advertised without registering them first with the new...

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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 end up paying 12%...

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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 in the sale of apartments in the state, the Maharashtra Real...

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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 much needed regulatory mechanisms. The introduction...

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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 as well as builders to ensure that developers do not raise the tax burden...