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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 refuses to vacate your property, it normally translates into a protracted court battle or...

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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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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 last week has revealed fewer project launches across the state in the first quarter of this financial year as against the corresponding...

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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 last week has revealed fewer project launches across the state in the first quarter of this financial year as against the corresponding...

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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. Experts and real estate representative bodies don't yet have a singular view on the impact of the new indirect tax regime....

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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 home in Pune but have not booked anything yet, there is good news for you....

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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 Baner Road is located on the East ofDehu-KatrajvBypass on NH-4 in Pune. Starting from Pune University Chowk, Baner Road stretches...

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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 especially to go around and look for properties will certainly...

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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 connectivity to other parts of the city.  The fact that Hinjewadi is a proposed hub for integrated townships in...

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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 accountability would be a priority. He urged developers to speed up the registration process, which, he said, will bring in transparency in the sector and bring down...

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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   Scenario 2: Post July 1st 2017. 12% GST 6% Stamp Duty Total = 18%   (30K registration charges included for both the scenarios)   If Stamp duty is raised by 1% (under discussion as...

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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 estate sector in the past, and eliminate the trust deficit between the two primary industry...

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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) promote and regulate the real estate sector, (ii) bring efficacy and transparency in the sale of plots/apartments/units etc., (iii) protect the interest of the buyers/consumers in...

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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 estate transactions across the state, the Maharashtra government has issued a notification...

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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-demonetisation, the real estate industry witnessed a lot of speculation but now with the Real Estate Regulatory...

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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 to occupy space matching their flexibility and preference requirements....

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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 builders have registered in Pune division, eight in Konkan and one in Nagpur division. The remaining divisions are...

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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 seen but protected from handling...

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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're worthwhile choices for another reason — these 10 items...

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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 to the function, it cannot address the requirement of various moods in any given space. This is then put...

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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 and Services Tax (GST) for various goods, India is now...

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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). The latest taxation structure has put out tax...

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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 holds growth potential with its vast talent pool and conducive business environment. Thanks to a supportive ecosystem, there is every...

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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: Check if the property has a clear title. If the property is inherited, look for the will, if a partnership, look for...

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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 areas will add to the vehicle population which may cause traffic problems. The development...

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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 residential project are two significant factors that contribute to its value. However, another element that is making...

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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 the highest standards in luxury living across the globe. Obviously, they would be more discerning. When it comes to...

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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 the Pune Metropolitan Regional Development Authority found no mention in the budget, while no specific funds were allotted to the Smart City mission and metro...