Consultation India - Pune Real Estate/ Properties Investment, Property Management Services

Welcome to know & Share information about Real Estate Market & Opportunity to invest.

This blog is an effort to bring more comprehensive, precise information about the current happening of Global & specially India's Real estate market and can have also professional advise and assistance to invest in "PUNE" city which is a India's Premiere IT Hub, Education Hub added with fantastic weather all the year & Surrounded with scenic beauty of hills. "Navi Mumbai" is also known emerging investment destination.

There will be frash review and open discussion about the specific topic which may interest to you.

EXPERT/PROFESSIONAL ADVISE TO NRI's (NON RESIDENT INDIANS) TO INVEST IN REAL ESTATE/ PROPERTIES IN PUNE, MAHARASHTRA, INDIA

*we are Real Estate Consulting / Brokering & property management company, based in pune and specializes in pune real estate market & also assist buyers to book or buy/purchase suitable property as per their requirements and budget and can also offer any underconstruction propery from all recognized developers in pune. It\'s like saving time and getting our expertise & knowledge to search property for interested buyer\'s.

Resale/leasing, property managment will involve service / brokering Fees. (We Believe in Quality, not in Quantity)

(reach directly on my cell No. +91-9822052388, E mail: thegururealtypune@gmail.com )

It's always right or good time to invest in properties in rapidly developing INDIA

Dear freinds, it has quite sometime that i am again writing as has been very busy in my core business of consulting property buyers to purchase properties in Pune, India. here, just thought to write topic of right or good time for investing properties in India as from last few years or months, lot of ups & downs are happening in the world economy and indian economy so many people are asking this question continuously. first i strongly believe that investing in Indian real estate will reap great appreciation for next 10 years, if investors can hold their investment till this period or till right time.
Now, here are reasons to back or support my point that indian real estate has great potential to give handsome returns are 1) One Of the fastest Developing Country 2) Real Demand 3) Inflation 4) Income Growth

1) India is one of the fastest growing country in world currently which makes it more attractive as when country is developing, it will never get fall in longer run as everything will be required ie. infrastructure, industries, residences, education etc.

2) Real Demand refers to huge requirement of Residential and commercial spaces in millions required in india's cities as already it's predicted that millions of units will be required for endusing in urban areas which gives great optimism that india's real estate market is based upon real demand and as we can now check and know with our past experiences of international market of dubai, europe and USA that if there is no real enduser demand then real estate growth will not sustain in long term so we can surely say that india with huge population and demand can surely will give great appreciation.

3) Inflation is one of the most talked phrase in india currently as it's affecting every aspect of life in india. i wish to highlight impact of inflation upon real estate investment because if even we say that there is no appreciation for next 3-5 years, still inflation will make it impossible for developers to offer any real estate property on same price what one can purchase it today..It is very valid point as whatever you can buy now for Rs. 1 will get you half in next 3-5 years so forget about appreciation, still whatever purchased today will get double in next few years due to inflation. another example is that money value is getting devalue everyday so keeping money in bank will not be good idea in current scenario.

4) Recently thanks to IT and corporate world where salaries are increased handsomely given lot of ready cash to young working professionals who are highly educated and understand very well that investing in properties will give them maximum returns in future and great financial support in future.

All above points and many more positive aspect of India and indian economy indicates one thing that it's time to invest in indian properties to get great appreciation in coming years.

However it's very important to understand that nowadays, real estate market is not such that buy any property anywhere and expect good returns for it and may end up no return dead investment therefore it requires proper research and after surveying on the ground, one should decide for it as an opportunities always change with the time. for that, an expert needs to be consulted & hired which will not only benefit in finding right opportunity for buying property but also to manage it professionally at the later stage as it will involve many aspect of managing, leasing / renting and selling the property at the later stage to make earning & profit out of it.

About Pune City, Maharashtra State, India.

Pune hardly a distance from mumbai commercial hub of india, also known as the Oxford of east has shown impressive economic growth in the past few decades. Pune boasts of some excellent educational institutes along with key defence institutions. In the last decade a large number of companies have also made their presence felt in the city and several manufacturing and software companies have set up their development centres in this city. The rapid real estate growth in the city is reflected through the several residential as well as commercial properties that are mushrooming within the city. Along with excellent employment and educational opportunities, good weather and cosmopolitan population are some of the factors that have cause this phenomenal growth in the real estate sector. Industry experts indicate that residential space of around 1.76 million square feet is needed with the real estate sector recording compound annual growth of 51 percent. Residential spaces in prime areas like Camp, Koregaon Park, Aundh and Baner continue to be in demand. However lack of space in these areas has prompted many property developers to shift their focus to the fringe areas of the city which include Mundhwa, wagholi, Wanowrie, Nagar Road and Hinjewadi areas. The Maharashtra government has granted approval to private property developers to establish townships in Pune as a part of the Public Private Participation model and this has resulted in development of several integrated townships. The Pune real estate market encompasses low cost properties comprising of one or two bedroom dwellings as well as sophisticated opulent villas and duplex apartments. The properties are designed to reflect the contemporary lifestyles of people with many of them having excellent modern amenities like club house, swimming pool, gym and gardens. There are a large number of projects underway in upcoming areas like Wakad, Balewadi, Hinjewadi, Pimple Nilakh etc. The residential spaces in these projects are also quite affordable. The eastern belt of Pune has developed at a very fast pace and is much in demand because of its close proximity to the airport as well as IT parks. With the development of infrastructure particularly roads, areas like Magarpatta, Kalyani nagar, Viman nagar, Kharadi & wagholi have been well connected with the city and this has resulted in a great deal of demand for properties in these areas. one more location in South pune named NIBM is also a very good investment destination as having best schools name in this area. With the rapid infrastructural development and economic growth buying a property in Pune has become an excellent investment option. The real estate prices in Pune have consistently recorded an appreciation of around 25 to 30 percent each year. There is a greater demand for intelligent living spaces that provide upscale amenities. Over the past two years high rise towers have been permitted to be developed in some areas in Pune and many real estate developers have capitalised on this thereby transforming the Pune skyline. Investing in residential property in Pune can be fruitful. However some of the variables or factors that should be taken before buying the property include the location or area, the facilities offered in the project, infrastructural development in the location and quality of construction among others.

PUNE - A hub of High End, Premium, Exquisite Apartments

Pune: The trend has been changing is pune from a bunglow city to highend premium apartments as there are one of the finest exquisite residential apartments schemes are offered where one can expect everything what is offered anywhere in world like fully automated control system, private lift to the apartment, Italian Marble Floorings, car parkings, pool and many more class specifications. these apartments range starts from Rs. 1.50 Crore to 20 Crores and more. the apartments design will be very exclusive and with privacy as one floor one apartments design. Reach us if any enquiry of these range options as we have quite a good options with us which will surely are the best.

GST is set to have an impact on realty. Here's a low down of its effect on an under construction property vis-a-vis a ready to move in type

GST rates have been declared and it's now al most clear that the new tax system will be implemented from July 1 2017. The realty sector would get influenced by the new tax rate system and the extent could be positive or negative anything. GST will impact the price of several input materials and services which are used during the property construction, so the overall impact of new tax system would be big.UNDER-CONSTRUCTION PROPERTY
“Under-construction properties are treated as a supply of services under GST and accordingly liable to GST. Resale of constructed properties is outside the purview of GST as they are treated as immovable properties. Resale properties shall attract applicable stamp duty on transfer. The concept of 'first occupation' has been introduced under GST which provides that GST would not be applicable in case where entire consideration has been received after issuance of the completion certificate by the competent authority or after its 'first occupation', whichever is earlier,“ says Amit Sarkar, partner and head Indirect Taxes, BDO India.
Experts believe that with respect to units booked under construction, the taxes paid by the builder on procurements will be merely a pass through to the customer and will not result in a tax cost in their hands. Hence, the tax cost to the buyers on under construction property will be the actual GST that gets charged to them.
READY-TO-MOVE-IN PROPERTY
“In case of a ready-to-move-in property, which is sold after completion of the project, there will be no GST payable, as it will be considered as a sale of immovable property, exempt from GST. However, this does not mean that there are no GST costs on such units. GST paid on the procurements and to the contractors by the builder will be built into the price charged by the builder and the burden gets passed on to the buyer. The only difference is that this GST cost will not be visible to the buyer. Having said this, the overall GST cost to the buyer will be lower in this case, as there will be no GST on the margins of the builder,“ explains Prashanth Bhat, partner, Indirect Tax, BMR & As sociates LLP.
POST GST: UNDER CONSTRUCTION VS READY-TO-MOVE PROPERTY
Assuming that the prices are the same, there is likely to be a reduced burden on account of GST on a ready-to-move-in property as compared to the units bought at the construction stage.
Experts believe that buyers, who have already invested in under-construction residential properties, may have to face the builders in coming months demanding extra taxes on account of higher GST rates. The anti profiteering provisions under the GST law, should however ensure that the builders also pass on the increased credits available under GST regime to the buyers, due to free flow of credits resulting in elimination of tax costs on procurements and contractor payments. Give and take, the home buyers who have already booked units under construction can expect a net increase in their tax outflow on the demand notes raised on them by the builders under GST.
“Prima facie, it looks like that there will be the neutral impact from a cost perspective. Although, the work contracts will attract around 12 per cent and since most of the construction material is under 18 and 28 per cent slab, the availability of input tax credit should neutralise the overall impact. A lot will depend on the proper implementation and a proper system of claiming tax credits. With Real estate development and regulation act (RERA) is also under implementation developers may need to focus much more on streamlining their processes. We may expect initial teething issues, but implementation of the Goods and Sales Tax (GST) should further enhance India's attractions as an investment destination by encouraging greater transparency and ease of operation in all property deals.However, it is too early to say whether implementation of the GST will actually cool down the prices in the commercial and residential segments. More clarity will come in coming days as it is still not clear that what would be the abatement available for land cost for calculating service tax on under construction projects“, says Surabhi Arora, senior associate director, Research at Colliers Interna tional India.
GST is a macro-economic step and the real impact on the realty market could be assessed only in the medium to long-term, when the things settle down and the market gets accustomed to the new tax system.

Jul 01 2017. The Times of India (Pune)

The Goods and Services Tax (GST) roll out in July provides a unique opportunity for both buyers and developers

With Goods and Services Tax (GST), one of the biggest tax reforms of independ ent India, all set to be a reality soon, the real estate sector is expected to get a boost. The good news for both the developers and home buyers is that they will all stand to gain from this historic financial move.Industry experts feel that the move will help the sector in a big way. Jaxay Shah, president, CREDAI, talking about GST and its possible impact on the real estate sector, stresses, “CREDAI welcomes the introduction of GST as a major reform since it integrates all central and state taxes into one comprehensive tax regime for the entire country. Trade and industry are major gainers of GST as it will eliminate multiple taxation at the level of states and the Centre, with the consequent cascading effects. However, whereas for all other sectors, GST is their total indirect tax liability, for the real estate sector, the GST rate, fixed at 12 per cent, is only a frac tion of its tax burden. The real estate sector is exceptional because GST regime does not eliminate multiple taxation.
Stamp duty, levied by the states on all immovable property would continue to remain in force even after implementation of GST.
The additional burden on real estate on account of stamp duty averages between 5 to 8 per cent of the value of the immovable property. Besides, the stamp duty is payable on every transaction. Lastly, stamp duty is levied by the state governments on circle rates or guideline values of property which are arbitrarily determined and far in access of the value at which transactions take place.“ Shah further explains, “Unless abatement for land is allowed, cost to the end-consumer would go up. CREDAI would, therefore, urge the government to minimise double taxation on real estate by treating land as zero rated under the GST regime. The positive multiplier effect of real estate on other industries would make up the revenue loss and the nation would be thankful for a tax regime consistent with the objective of Housing for All by 2022.“
Explaining the new reform further, Sachin Menon, partner and head, Indirect Tax, KPMG, India, elaborates, “The government has specified the GST rate of 12 per cent on sale of under-construction property (including the value of land). Sale of land completed property is not subject to GST. The primary inputs such as cement is taxable at 28 per cent, whereas steel will attract a GST of 18 per cent. Although developers can claim full ITC (Input Tax Credit), refund of any excess unutilised ITC is not permissible. Thus, GST is expected to have a mixed impact on the real estate sector. While there is a positive impact due to higher input tax credit, however, the inclusion of value of land for payment of GST at full rate of 12 per cent is not in line with the industry expectation.“
Sharing industry inputs on the same, NAREDCO Chairman, Rajeev Talwar, points out that GST is the biggest reform in the finance sector since 1947 and NAREDCO compliments the Union Government and state governments for painstakingly working out this path-breaking reform, “NAREDCO had submitted a white paper to government with detailed analysis of tax rates at multiple points and their implications. We are happy that the Paper has been studied and considered by the GST Council. The heavily taxed real estate sector welcomes a single, stable 12 per cent GST rate, inclusive of the value of land and with full Input Tax Credits. NAREDCO is of the view that the actual tax incidence under GST would match or be lower than the existing multiple indirect taxes on the sector. The GST rate for work contracts, which will also be offset by input credits, is expected to provide a seamless and simplified tax policy. The 12 per cent GST for construction of projects for sale to buyers will be a much required shot-in-the-arm to speed up the growth of this sector.“
Considered to be a game-changer for the sector, NAREDCO President Parveen Jain, agrees, “There is no doubt that GST will be a game-changer for Indian industry, including the real estate sector, since it will subsume more than 16 major taxes and levies into a single consolidated tax. Additionally, the unified tax regime will stop the unwanted practice of double taxation, which hurt real estate and other sectors, given their cascading effect en their cascading effect with inflated prices for end users. NAREDCO is further hoping that the GST Council will also address issues related with affordable housing segment, which was exempted from service tax in the previous tax regime.“
Clearing the air about GST's effect on home buyers, Menon, avers, “As far as buyers are concerned, continuation of stamp duty on agreement value with enhanced GST rate will increase the cost of buying real estate unless the developers pass on the benefit of GST to consumers. Given that property prices are market-driven, and seldom based on cost of construction, the expectation of any reduction for consumer who has already purchased the property seems to be far-fetched. The government is expected to generate higher revenues from increase in the tax on the sector especially due to restriction on refund of excess input tax credit. Indian real estate is driven by consumer demand and sentiments, unless the prices are brought at the realistic level, an uptick in demand curve may take some more time.“
On a concluding note, Menon explains the trend sighting an example of tax break-up for consumers, “At present, a buyer, say in Mumbai, has to pay Maharashtra VAT at the rate of 1 per cent on the agreement value. Besides VAT, the buyer also pays service tax on entire consideration at the abated rate of 4.5 per cent. Thus, the effective incidence for the buyer is 5.5 per cent (approx.) on the sale price. Going forward, under GST, though he will not pay VAT Service tax, nevertheless, he will be liable to pay GST at the rate of 12 per cent. So, clearly the tax burden for buyer will increase by around 9 per cent unless the same is compensated by way of reduced prices by the developer due to enhanced ITC.“

Tuesday, June 27, 2017

Jun 26 2017. The Times of India (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 on a headline basis. Experts feel the difference in final pricing will not be over 1-3%. TOI explains various scenarios under the GST regime.Existing levy and GST
In Maharashtra, customers now pay 4.5% as service tax and 1% as VAT. They also pay a 6% stamp duty on the cost of the unit. This brings the overall tax rate to 11.5%. Under the proposed GST, there will be a 12% flat tax rate on the cost of a unit, in addition to the stamp duty that remains at 6%. This brings the overall tax rate to 18%.
Will overall unit cost rise?
By the looks of it, the answer is “yes“. But theoretically. no. This is because developers are expected to bring down the cost of a unit, as they get input tax credit on raw material such as steel, cement and sand.
Example: For steel, though the tax rate is fixed at 18%, a builder will have to pay a supplier only a part of this (18%). This will depend on how much the supplier has already paid for procurement. The developer is expected to pass on this low rate and the ensuing benefit of low cost of procurement to the buyer by reducing the unit cost.
Will it work in practice?
Nobody knows. Shrikant Paranjpe, chairman, Paranjpe Schemes, says: “ All depends on how much credit vendors pass on to us. The calculation does not take into account land (outside GST ambit for now), which can have a bearing on the overall expenditure.“ So, if the cost of land is 10% of the overall project cost, there is a probability of the cost not rising too much or even coming down a bit. Where the cost of land is higher, for example 60-70% of the project cost, apartment prices will rise.
For affordable housing
“There was a 4.5% service tax exemption on affordable housing projects under 60 sq m in size. A 12% GST rate does not speak about these exemptions.So, affordable housing costs could go up due to higher tax,“ says Praveen Jain, president of the National Real Estate Development Council. “Even if the unit cost is cut, there is the Ready Reckoner rate. We cannot bring down the rates below it,“ Paranjpe says.
Incomplete projects
If a project is in the initial stage, there is a higher chance that a consumer will get the benefits of the lower-cost pass over. But if a project is 80% complete, any major benefit is unlikely. On completed projects, buyers might not get any benefit of cost reduction but will have to pay 12% GST if the property is not registered before July 1. If a consumer has registered a property. the old tax rates will apply. For those registering after July 1, the 12% GST will be applicable. For benefits of the low rates to be passed on, the consumers might have to wait for at least 3 months.
New projects
Gera Developments managing director said Rohit Gera sa ys, “New projects will see lower input costs and will allow developers to quote lower prices. But a12% GST will be applicable on this quoted price. The impact depends on the ratio of construction costs to selling price.“
Resale projects
There is no impact of GST.
RERA-GST impact
Most developers feel prices should go up by 5-8% if supply remains muted. This is because developers are cautious because of the Real Estate Regulation Act (RERA). “RERA and GST are coming in simultaneously .It will take a few months to see how the market reacts,“ said Gopal Sarda, Group CEO of Kolte Patil Developers.

Tuesday, June 20, 2017

INTRODUCTION

GST may bring a lot of relief to the real estate sector. Supply chain mechanism in real estate sector to be revamped after implementation of GST.

Real estate sector is one of the most pivotal sector of the Indian economy. Real estate sector plays a vital role in employment generation in India. It ranks second just behind agriculture.The importance of Real estate sector can be understood with its average 5-6% GDP contribution and stimulating demand for more than 250 ancillary industries.

The real estate sector had a substantial growth of 22% in its private equity investments from 2015 to 2016. At the time of the third quarter of 2016, there was a 9% increase in investment for residential properties from the previous quarter.

GST Regime For Real Estate Sector

GST would bring a lot of transparency in the real estate sector and minimize unscrupulous transactions. Under the current tax laws, VAT and Service tax charged by different Contractors and excise duty, entry tax, octroi is paid on the procurements. GST law will increase the margin in the hands of contractor/developer by removing all the above-mentioned taxes.Now whether this benefit gets passed on to the end-consumer is unsure as pricing of real estate is driven by market forces than on costing principles.

Real estate sector enjoys a lot of benefits from facilities in SEZ and same are expected to be carried forward in GST.GST will help in filling the overwhelming gaps currently existing under the supply chain management process.

There will be many projects of developers which would require the transition from current tax laws onto GST. GST model law did not specify any provisions for the transition.

GST rate on Real Estate

Currently, the sale of land and buildings have been kept out of the ambit of GST but it is expected to be taxed within a period of a year. Construction of land and building will benefit from the rates declared for cement, bricks, and iron under GST.

Cement will be taxed at the rate of 28% under GST. It is higher the current average rate of tax around 23-24% but a lot of additional taxes charged over the average rate would be subsumed under GST. Iron rods and pillars used in the construction of buildings is charged at the rate of 18% which is similar to the current average rate of 19.5%.

Bricks used in the construction of buildings and houses is taxed under GST at the rate of 28% except for the rate of ceramic building bricks which is kept under 5%. Currently, all bricks except the ceramic bricks are charged an average tax rate of 25-26% inclusive of all state and central level taxes. Logistics cost of transportation of bricks, cement or iron is going to reduce through the subsuming and streamlining of taxes.

In Real estate sector, there is a huge percentage of each project expenditure goes unrecorded on the books currently. GST will cut down this percentage due to cloud storing of invoicing. Real estate sector will also benefit with new tax law having a positive effect on all ancillary industries.

CONCLUSION

The impact of GST on real estate sector is expected to be neutral under GST. Though still, there is going to be a substantial benefit from GST as it will bring a lot of required transparency and accountability. Developers/Contractors would reap the benefit of many taxes which will be subsumed by GST.
“Real estate sector should be happy with GST even if the rate declared is higher than current rate”

Mumbai, Apr 27, 2017

CBRE South Asia Pvt. Ltd. India’s leading real estate consulting firm, today announced the findings of its Asia Pacific Real Estate Market Outlook 2017 - India. As per the report, India continues to hold its position as the world’s fastest growing G-20 economy, on the back of improved investor confidence and better policy reforms. The report is part of a global research series released by CBRE every year, highlighting trends and dynamics across various segments in the real estate sector for the year ahead.

Commenting on the buoyancy of the sector. Anshuman Magazine, Chairman, India and South East Asia, CBRE said, “With 2016 being the year of landmark decisions for the Indian real estate industry, the sector saw concerted efforts by the Government to bring in transparency as well as boost consumer sentiment in the sector, especially in the residential market. The outlook for the year 2017 is positive with an expectancy of steady growth, stability and revival in the market.”

Office Market Outlook: Industry’s Brightest Spot Across All Regions

2016 was a landmark year for the sector, with record absorption levels of over 43 million sq. ft. reflecting a 9% y-o-y growth. Bangalore and NCR dominated leasing activity; however, Hyderabad, in particular, witnessed a steep rise in occupier demand, with absorption more than doubling from 2015 to cross 6 million sq. ft. in 2016.

Office Market Outlook for 2017:

High absorption levels and global investor interest will continue to bring life into India’s office sector.

In 2017, the office sector is likely to maintain its momentum with an anticipated absorption of 40 million sq. ft.

A strong trend of ‘ pre-commitment ’ in under constructed buildings

IT/ ITES to continue to be the key demand driver for space across the country

Most preferred micro markets to witness strong rental escalation

Technology to play a key role, even as the occupiers are expected to keep a strong check on space utilization ratios and innovations in workplace strategies, while implementing their expansion plans

Occupiers are likely to follow this trend of ‘ flight to value ’, while also using space utilization strategies such as workplace optimization and co-working spaces.

Global occupiers to continue to account for sizable share of leasing activity, however we see a rise in activity from domestic corporates

Demand for large sized spaces to receive a boost with the various consolidation/expansion/relocation initiatives of corporates

Supply across the seven cities is expected to marginally rise in 2017. Completion delays likely to abate supply pipeline dominated by the top three cities, followed by smaller cities such as Hyderabad and Pune

Residential Market Outlook: Impact of RERA to Define Macro-Economic Scenario

The impact of demonetization was expected to be catastrophic for the economy, however, the reality on the ground is quite encouraging; indicative of the fact that the economy is already on its way to fully absorb the impact of the policy

The Residential Market Outlook for 2017:

India residential supply has jumped up by 70% q-o-q in Q1 2017. Compared to only 18,000 units launched in Q4 2016, we have seen more than 30,000 units launched in Q1 17. Biggest jump was in Chennai, Hyderabad, Kolkata and Bangalore.

India housing sales have also jumped up by 70% q-o-q in Q1 2017. Compared to only 14,000 units sold in Q4 2016. we have seen more than 23,000 units sold in Q1 17. Biggest jump was again in Chennai, Hyderabad, Bangalore and Pune.

Housing sales are expected to revive in H1 2017 both in primary and secondary markets

Affordable housing, which is witnessing increased interest from private developers, will emerge as a key driver of housing sales.

Retail Market Outlook: Sector To Remain Strong With High Demand

The Indian retail real estate market witnessed continuous foray of international brands, completion of retail developments and robust demand during 2016.

Retail Outlook for 2017:

The year 2017 is likely to be positive for the retail sector which is likely to witness an increased quality supply

7 million sq. ft. of additional Grade A supply is expected to hit the market; to be led by Southern cities. Hyderabad and Bangalore are expected to lead the fresh supply addition in the retail sector for 2017

Demand for organized retail space will continue to exceed the supply.

Consumption patterns are likely to mature due to increasing urbanization with upcoming retail developments to allow entry points for global retailers beyond the traditional epicenters of Delhi NCR and Mumbai.

REITs will enable development of better quality malls and discourage strata-sale of properties. Implementation of Goods and Service Tax (GST) would lead to rationalization of tax at different levels with expected improvement in ease of doing business and movement of retail goods.

Logistics Market: Robust Growth Capitalised On India’s Growing Production Capacity

Demand for quality space in the logistics sector crossed 10 million sq. ft. mark in 2016 with smaller cities such as Hyderabad, Chennai, Kolkata and Pune accounting for almost half of leasing activity.

Logistics Outlook for 2017

Demand for warehousing space is anticipated to remain robust throughout 2017 with consolidation being amongst the biggest drivers.

In line with an increased demand, the supply of modern warehousing and industrial parks is also anticipated to increase over the next few years.

GST to have a large impact on the sector in the long term; demand to increase over the next 12-24 months

Capital Markets & Land Outlook: Active Investments Market, Conducive Environment to Drive Future Growth

2016 witnessed a high level of investment activity in office, residential and retail sectors with active interest in the warehousing and hospitality sectors

The Capital Markets and Land outlook for 2017:

Office and residential expected to be main drivers; alternate sectors such as retail, warehousing and hospitality will gain prominence

A secure & favorable regulatory environment expected to generate more interest from offshore investors

Lower interest rates to reduce the cost of doing business. debt to still be most prevalent form of capital. Banks expected to be equipped with liquidity

While core assets will continue to witness strong interest, there will be enhanced development interest in office. warehousing and retail sectors

Several players expected to launch ‘affordable housing’ platforms

Developers with strong delivery track record would continue to experience stable residential sales activity. Corporate houses to become increasingly prominent

Land transaction activity to continue unabated. Joint Developments and Development Managements are increasingly being adopted

2017 expected to witness a significant increase in investments from family offices and HNIs into real estate

Pune Municipal Corporation Property (PMC) Tax:

Property tax is the second largest source of revenue in Pune. Pune Municipal Corporation is solely responsible for levying and collecting property tax payment in Pune. PMC cover more than 6 lakh properties in its purview. Pune has online as well as offline property tax payment facility. The website can be viewed in the local language as well as in English.

Since 1950, Pune Municipal Corporation has been administering the city and serving the citizens. PMC has taken the initiative for implementing e-Governance. Property tax is levied on a person’s personal property. The property tax are charged on residential house that is either self-occupied or let out, office building, factory building, godowns, flats and shops.

Pimpri Chinchwad Municipal Corporation Property Tax Pune:

Pimpri Chinchwad Municipal Corporation is a Municipal Corporation in the city of Pimpri-Chinchwad which is the Urban Agglomeration of Pune. It provides the following services to its citizens: water supply, public health- a solid waste management, sewage and drainage, road and building maintenance, electricity, licenses, education, renting Municipal property, birth and death registration, vaccination, miscellaneous services, food adulterate control certificates and building permission. It also provides various schemes to its citizens as well.

Property tax bills can be paid at Pimpri Chinchwad Municipal Corporation. The taxpayer can pay the bill through cash at the respective ward office and by cheque or money order or demand draft that is to be drawn in the favour of “Commissioner, Pimpri Chinchwad Municipal Corporation, Pimpri, Pune-18”. You need to specify your property tax number and contact number at the back of the cheque.

Property Tax Calculator Pune:

Pune Municipal Corporation offers an online calculator for you to self-assess your property tax. You will have to enter the following details:

You will also get a step-by-step guide to make payments. The property tax can be paid in any Cosmos and HDFC Bank in Pune by cash or by cheque. Net banking option will enable you to save money and avoid extra charges.

Online payments through credit cards, debit cards and cash cards, the additional charges to the amount due are:

• Visa/ Master credit or debit card: 1 percent of the transaction amount plus service tax


• Maestro Cards: 1.8 percent of transaction amount plus service tax


• American Express Cards: 1 percent of transaction amount plus service tax


• Tax diners: 4 percent of transaction amount plus service tax


• Prepaid cash cards: 4 percent of the transaction amount plus service tax

There is no additional charges to the amount due if the payments are made through internet banking. Do not attempt for a second transaction unless you have checked if the amount has been debited from your account. At times, there is a good chance that the information has not been updated on the PMC website.

If you want to manually calculate the property tax, then you can use the following formula:

Property Tax = Capital Value X Rate of Tax

Where, Capital value = Base value X Built-up area X Use category X type of building X age factor X Floor factor

The property tax can be paid at any of the ward offices or PMC Sampark offices or at all the HDFC and Cosmos Bank branches in PMC limit. The amount can be paid through cheque, demand draft and money order. It is to be drawn in the favour of “The Assessor and Collector of Tax, P.M.C. Shivajinagar Pune - 411005”. Remember to mention the property tax number and contact number at the back of the cheque.

To make online property tax bill payment, got to http://www.punecorporation.org/. Then you need to click on the ‘pay your property tax online (secured transaction)’ on the homepage of the website. Then you need to enter your property tax number to view and pay the bill. Then enter your mobile number and email id. You can make use of your debit card, credit card, cash card and internet banking to make the payment.

PMC offers rebates in property tax for properties owned by women and ex-servicemen. It offers 10 percent discount to taxpayers who clear their property tax dues between April 1 st and May 31 st for tax amount not exceeding Rs.25,000 and a 5 percent discount for those whose tax amount exceeds Rs.25,000. Pune citizens are charged a 2 percent fine per month in case of delay in the payments. This can accumulate to 24 percent in a year. The taxpayer has to pay the property tax bill before 30 th June of every year to avoid penalty.

Paying Pune Property Tax in Online:

Taxpayer can pay the bill online at the Pimpri Chinchwad Municipal Corporation website: https://www.pcmcindia.gov.in

You need to click on the ‘property and water bill tax’ on the home page. Then click on the property bill, enter your zone number, Gat. Number and milkat number to show and pay the bill. Then click on the payment tab and enter your mobile number and email id. You can use debit, credit or cash cards or even opt for internet banking to make the payment.

A Shankar, national director and head of Operations Strategic Consulting, JLL India, dwells on re-imagining India's informal housing challenge via convergence of Housing for All and Smart Cities Mission

The year 2016 turned out to be a year of transi tion, particularly for real estate a sector that has been directly or indirectly affected or altered by most policy reforms introduced by the state or central governments. Some of these policy changes might seem disadvantageous in the short run; however, they will render the entire system more mature, organized and transparent.The recently-announced Union Budget 2017-18 has yet again emphasised the importance of housing, and has accorded infrastructure status to this sector. It is important to attract the attention of all stakeholders to this sector, particularly those who influence supply developers and banks.Given the benefits offered in the budget, the clearer definition of affordable housing in terms of area, relaxation of construction timelines for affordable housing projects, and tax incentives, it is evident that India is moving towards significantly reducing its share of homeless people.
The traditional factors influencing housing demand keep fluctuating due to policy interventions; yet, consumers keep investing in real estate. This is evidenced by the fact that housing sales velocity has not dropped significantly anywhere in India due the various policy reforms. Moreover, today's market primarily consists of buyers (as much as 80 per cent) who depend on loans for financing their housing needs.
Of all the policy initiatives, the Housing for All (Pradhan Mantri Awas Yojana) and the Smart Cities Mission are two major flagship policies that have affected the demand and supply trends of residential real estate, and have a huge impact on addressing the issues of informal housing housing for the urban poor. The recent Real Estate Regulatory Act does not concentrate on incentives to promote informal housing, though it increases transparency in the formal residential market.
Affordable housing shortage continues to be a major concern in the country today, and can be correlated with the rate of urbanisation taking place. According to the Census of India 2011, India's urban population increased to 377 million, reflecting the rise in urbanization from 27.8 per cent to 31.2 per cent between 2001 and 2011. This rate of urbanization has led to many issues such as land shortage, housing shortfall, acute pressure on available infrastructure, transportation deficits and stress on basic amenities like water, sanitation and healthcare.
At present, there is a shortage of 18.8 million homes across ur ban centers of India, of which 15 million are needed in the LIG (Low Income Group) category.
Large-scale budget housing proj ects are definitely the need of the day to address the mam moth shortfall.The Housing for All mission envisions a multitude of strategies such as tax rebates, monetary support, relaxed development regulations, discount ed interest rates, etc. to provide Housing for All by 2022.
The Housing for All and Smart Cities missions, through convergence, use the benefits given to each other and also compensate for shortcomings by leveraging their advantages. While Housing for All concentrates on funding and incentives for developers and buyers, the Smart Cities mission focuses on leveraging land availability, implementation under single entity SPVs (Special Purpose Vehicles), and strengthening basic infrastructure facilities.
As part of the Smart City initiatives, some Indian cities have planned convergence with the Housing for All scheme to address the informal housing sector.Some of these initiatives would include housing for economically weaker sections or affordable housing, slum redevelopment, rental housing, working women's hostels, shelters for the homeless, et al as part of the Smart City plan. All these would be developed through the PPP model with the involvement of private developers. This has been successfully adopted in Bhubaneshwar Smart City, which ranked number 1 in the Smart Cities Challenge competition by the Ministry of Urban Development, Government of India and JLL India, which was the consultant for preparation of the smart city proposal for Bhubaneshwar.
There is a huge opportunity for private developers to get involved in the development of housing for the informal sector. Aspects which would form the basis for the success of the convergence agenda and will address the housing shortage issue of India in a big way through private participation are:
1) Land as a resource:
Land price is the major component of any housing project in urban areas, and currently forms an average of 30-50 per cent of the cost of a project within city limits (depending on the location and applicable FSI). This cost plays a major role in the pricing and affordability of residential units.Smart Cities leverage available Government-owned land parcels within the specified areas for development for housing for the urban poor and the informal sector.Utilising such land parcels at a subsidised rate will drastically reduce the pricing of the resultant housing units.
2) Technology intervention in construction:
Another major component is the cost of construction and escalation of the cost during the construction period. To address this issue and make housing for the informal sector more feasible, it is important to reduce construction costs and construction timelines. However, a majority of developers use conventional construction methods, which are time-consuming.Projects often face time and cost over-runs, and increase in the construction period increases the cost of financing. Technology intervention in construction such as prefab technology will definitely address the gap between time, efficiency and funding for mass housing projects which are part of the Smart Cities initiative.
3) Redevelopment within city limits:
Most of the smart cities in India have adopted the redevelopment model for area-based development (ABD). These areas are either the central business districts (CBDs) or those which are located well within the city limits. This gives an opportunity to address the housing needs of the informal sector by redeveloping the area with quality housing, since most of the existing urban informal housing is in such locations. Redevelopment of various other areas could also have housing as one of the options, or as one among various products, with the cross-subsidization model to provide more housing units and reduce the existing shortage.
4) Improved Infrastructure:
The Smart Cities mission aims to create and maintain high-quality, 100 per cent efficient civic infrastructure. The efficiency of the utilities in our cities has been an elusive factor so far, thanks largely to inadequate monitoring and responsiveness. Electricity, sewerage, storm water drainage and water supply will be strengthened in Smart Cities, relieving the stress that large-scale housing projects invariably create on a city's infrastructure. Service delivery at the level of the Urban Local Bodies is another area where major improvements are sought.
5) Multiple financing options:
Smart Cities not only depend on their own funding (that is contributions from central and state governments) but also act as the base for lot of other financing options apart from FDIs. Availability of funding is ensured through convergence with other government schemes, funds raised from the state governments, municipal debt, Real Estate Investment Trusts (REITs), infrastructure debt funds, and the PPP vehicle. A stable cash flow will ensure successful completion of the project, which is a major concern in most other initiatives where projects are stalled due to lack of funding.This will open up lot of avenues for investment from other countries and various financial sources. This would be an essential component to make housing for urban poor a successful model.
6) Increased involvement of private players:
There is a huge opportunity for private players, since the Smart Cities mission encourages participation of private entities under monitored terms and conditions, thereby increasing the productivity and quality of the projects. This will provide an integrated platform for private players such as housing developers and infrastructure service providers. Since the funding and the revenue system are distributed across projects within Smart City initiatives, the mission proves profitable for all involved service providers.
7) Easy implementation through SPV:
Smart Cities are implemented through Special Purpose Vehicles and if a hous ing component is included, the implementation becomes smoother and encourages private developers to participate since SPV will plan, appraise, approve, release funds, implement, manage, operate, monitor and evaluate all Smart City development projects. SPVs will ensure a substantial revenue stream for all the projects included within the Smart City proposals, also ensuring effective utilization of funds.
As India's urban population continues to grow, there will be an increasing number of urban poor and informal housing settlements addressing their housing needs is going to become critically important in the years to come.India is struggling to implement a 'right project at right time' approach, and getting the basics right at this point in time can help the country cope with the pressures of informal housing and rapid urbanisation.
Convergence of schemes such as the Housing for All and Smart Cities Mission will be most appropriate to achieve optimal results with proper implementation. Isolated policies will yield much lower results. Overall, the goals for urban development in India should be to create sustainable, inclusive and smart urban centers with good housing standards and participation of the private sector.

Mar 04 2017. The Times of India (Pune)

There are some Pune localities that have registered a price growth and Kalyani Nagar is one of them

In the real estate market of Pune, which has been largely stable since a few years, there are a few localities that have actually registered a price growth.Kalyani Nagar, located in East Pune, has witnessed a healthy appreciation of about Rs 400 per sq ft in the past year. This means that an apartment of 1,000 sq ft which was for approximately Rs 90,94,000 in February 2016, will be available for Rs 94,92,000 now.
One main reason behind this price appreciation can be that lot of projects have come up for possession in 2017. Several new proj ects which were under construction since the last few years, are now ready, pushing the prices up.
Gaurav Malhotra of Big Money Properties, a broker based in Kalyani Nagar says, “The locality has had quite a few residential projects reaching the completion and possession stage. Moreover, Kalyani Nagar is a preferred locality since it gives people working in the business hubs of Kharadi, Hadapsar and Mundhwa a chance to live near their workplaces.“
So what makes Kalyani Nagar a preferred choice in Pune?
WHY KALYANI NAGAR?
Kalyani Nagar is a developed area and quite a popular destination as it has several malls, shopping areas and fast food joints. The developed social fabric, quality infrastructure and easy connectivity add to the popularity of the area. Pune railway station is about fivekms from Kalyani Nagar, while, Pune International airport is about 3.5-kms away.
Kalyani Nagar has always been known for offering and facing demand for premium cat egory homes, especially from the upper middle class. “Kalyani Nagar is mainly a residential area and has seen the presence of many known developers due to rapid commercial development,“ says Subhash Mondal of Santosh Enterprise.
WHAT'S AVAILABLE?
There is a wide variety of properties available at Kalyani Nagar, ranging from 1BHK to 3BHK and further spa cious apartments. For a 1BHK flat varying in size from 440 800 sq ft will be available from Rs 31.80 lakhRs 74.20 lakh. For a 2BHK flat in sizes of 650 1600 sq ft, one needs to spend about Rs 57 lakh Rs 1.33 crore. A 3BHK flat ranging in size from 1100 2300 sq ft is available in the price range of Rs 96 lakh Rs 2.24 crore. If you are buying a spacious 4BHK or 5BHK apartment in sizes of 40006500 sq ft, you need to shell out about Rs 6 lakh Rs 17.50 crore.
Kalyani Nagar, which is also home to Trump Towers, has several new apartments in the real estate market that offer unique amenities, such as bars, restaurants, barbeque pits, club house, private terraces, parks, security and more.

Tuesday, March 7, 2017

NIBM Road: Emerging location in Pune

NIBM (National Institute of Banking Management) is become a centre point of lots of big real estate development from last few years with the support of well improved infrastructure, the place has transformed completely however still some people think differently about the location and does not even think about it as their perception about the location is not updated. here i would like to put more light upon why Area near NIBM is and will become one of the best prime location in near future.The major factor which fuels Real estate growth in particular area are:
1) Infrastructure
2) Road Connectivity
3) Schools & Institutes
4) Hospitals
5) Commercial Malls & Multiplexes
6) Upcoming Developments Residential & Commercial.

I would like to summarize above factors in one paragraph as they intermingled each other or better to say that they compliment each other. the Infrastructure of Roads has been improved a lot on all sides of NIBM which makes easy access and transportation, we can see this in reality if someone comes in this area, the second factor which is most important in a long run is connectivity of roads to the location where you stay let's say example of today's most happening place of Kalyani Nagar which is connected with only 2 bridges, now in a long run, there will more traffic which is already heavy but in future situation will gets worse and people who stays in kalyani nagar will have to spand long hour in traffic whereas NIBM location has got this liberty because it is not having any river to connect it to major city locations like MG Road and railway station, NIBM has connected with almost 4-5 full developed roads which goes directly to NIBM. that make difference! Is't it? another advantage NIBM has got that behind of it is Katraj Bypass which connects it to Mumbai Express way to one side and another side hill station of Mahabaleshwar. top of it the another side of road goes to Hadapsar, Sholapur Highway & famous Magarpatta IT Park. what else connectivity we can get from the location, It's Amazing to become prime location. now another factor of Schools & Institutes, the all big school names are just near to NIBM ie. DPS, Bishops, Vibgyor & Eingeering institutes and lot more small names in the area. Regarding Hospitals the names are Noble Hospitals, Shyadri Hospitals and famous Command Hospitals at a very short distance, apart from them there will be lots of clinics are available to serve you anytime. the one more important and necessary factor is commercial malls with added flavour of Multiplexes, yes these all things are going to be reality here very soon, imagine you do't need to go pune central, SGS Mall and multiplexes like Inox & Adlabs, it is true that the big malls & multiplexes will be a realty soon here. just watch out the development. the last factor which really affects the emerging location is the kind of residential & commercial developments taking place in the area, here you will be surprised to here that developments are coming with very high end concept majorly where you talk about apartments than the sizes are 2000 + Sqft. and we talk about beautiful bungalows & villas with all state of art amenities, so all these big developments will be here, all big names of developers will be here. Folks it's better to invest now to live a location which will become one of the milestone in near future.

Year 2017 is set to be the one of hope and strength for Pune's real estate sector, aver experts

The year bygone would certainly be remembered as a year of reforms and plat form creation for the growth of realty sector.RERA, Benami Act amendment, interest rate cuts and demonetisation were four major takeaways from 2016 that would keep the realty market busy again in 2017. Experts opine that 2017 is set to be the one of hope and strength for Pune's real estate sector.“The year 2016 saw major developments, be it in the area of an interest rate cut by the apex bank for softer home loans, newer policies and introduction of smaller unit sizes to push sales REITs et al in the Indian real estate sector. The passage of RERA was a major step towards bringing in added efficiency and transparency in this sector. From the Benami Act to demonetisation, all policies were aimed at increasing the transparency in the industry and changing the focus to execution rather than new project launches.The last year had been a turning point for the industry and promoted developers to focus on their core competencies and deliver projects in a timely manner. This year was seen to be the most ideal time to purchase a home. The coming years see an upward pressure on prices due to squeezed supply and unmatched demand of homes,“ suggests Vidip Jatia, director, Belmac.
Experts point out that notwithstanding the headwinds there has been an increase in total apartments sold in 2016 as compared to 2015.There has however been a reduction in the total number of new apartments brought into the market by a huge 21 per cent.
YEAR OF GROWTH ON THE CARDS
“The real impact of RERA will be visible in 2017. We anticipate sales to continue along with a reduction in the new projects launched because all the challenging condi tions imposed by the act. This will lead to the emergence of strong performing brands receiving a lion's share of the customer demand,“ Rohit Gera, MD, Gera Developments and VP, CREDAI Pune Metro.
There is a wider consensus in the market that all the policies, which have been implemented in 2016 would show their real impact in 2017. Some major developments that realty experts expect in 2017 are as follows.
Increase in transparency will see increased interest in the realty space, thus having an upward pressure on prices There should be increase in pro fessionalism and builders with good corporate governance will thrive Residential demand will pick up, especially with the government's drive to increase the affordable housing segment Again, commercial space is required to drive economic activity.Overall, experts feel that the real estate will soon become like any other industry wherein design, planning and execution hold the key.
“Primary sales predominantly driven by salaried buyers purchasing through home loans have emerged as the strongest segment and will dominate the city's property market in 2017. The trend of buyers ruling the market will continue, and there is every likelihood of a strong further upswing in sentiment on the back of favourable announcements in the upcoming Union Budget,“ opines Kishor Pate, CMD Amit Enterprises Housing Ltd.
Realty experts are anticipating that the sentiments of the market will improve in 2017. Fence-sitters will be able to take a positive call which will in return boost up the sales. For 2017, experts are positive on the Pune market, as the city has been declared in the list of Smart Cities. Pune has been already an established education & IT hub and witnessing the future infrastructure development.
LOCATIONS IN FOCUS
“I envision East Pune to be the location of choice for homebuyers. With so much support infrastructure in the vicinity such as schools, hospitals, IT Parks et al there is an innate demand in this region. Road widening, installation of Gas Pipelines and development of PMC Gardens in this vicinity have truly given home buyers a good reason to consider East Pune as the preferred location. Infrastructure initiatives by the government, such as the new metro, which has been inaugurated by the Chief Minister will truly change the dynamics of this region in the coming years,“ adds Jatia.
Experts also believe that Bhugaon would be another favourite among budget homebuyers from the IT sector because it is close to Kothrud while remaining quite affordable.However, Kothrud has also returned in the popularity map of buyers who have always been interested in this traditional core area of Pune, because of some fresh albeit limited supply on the primary market there.

Feb 18 2017. The Times of India (Pune)

With infrastructure status granted to affordable housing, realty industry has given a solid thumbs up to the recent Union Budget.
Experts feel easing capital gains tax norms will give the sector much-needed and deserved fillip

Post-the landmark demonetisation decision, the 2017 Union Budget was the most-awaited policy measure for the Indian economy. Like many sectors, realty sector, too, expected a budgetary boost and the Union Finance minister didn't let the industry down. The industry has termed this budget rather historical and has cheered two special mentions, industry status to lowcost housing and the easing of capital gains tax norms.It is pertinent to note that industry status had been one of the long-pending demands. The infrastructure status to affordable housing development has been complemented by raising the allocation to the rural housing programme by about 50 percent.
Key measures announced in the budget impacting housing sector include 10 million homes to be built by 2019 for the homeless and those living in kaccha houses, tax breather for notional rent income on unsold unoccupied completed projects, holding period for immovable assets reduced from three years to two years, National Housing Bank (NHB) will refinance individual housing loans of about INR200 billion (USD3 billion) in 2017-18, increase in investment in infrastructure and development projects, abolition of Foreign Investment Promotion Board (FIPB), et al.
Anuj Puri, chairman and country head, JLL India, says, “The Budget was being touted as a make-or-break one for the future of India. The government made some major announcements on the infrastructure front and also on beneficial changes to the affordable housing segment. A new Credit Linked Subsidy Scheme (CLSS) for the middle-income group with a provision of INR 1,000 crore in 2017-18 was announced. Also, extension of tenure of loans under the CLSS of Pradhan Mantri Awas Yojana (PMAY) was in creased to 20 years from the existing 15 years. Allocation to PMAY has been increased from Rs 15,000 crore to Rs 23,000 crore in the rural areas and affordable housing will now finally be given infrastructure status. This is significant, as it will provide the vital budget housing segment with cheaper sources of finance including, but not restricted to, ECBs (external commercial borrowings). Also, re-financing of housing loans by NHBs (National Housing Bank) can give a leg up to the sector.“
Anshuman Magazine, chairman, India and South East Asia, CBRE says, “Overall, the Union budget 2017 augers well for real estate, affordable housing and the infrastructure segment. The affordable housing sector is finally set to get infrastructure status. It was longawaited. While we are yet to read the fine-print, this is indeed an important step to promote access to priority lending thereby spurring supply of low cost housing units across various cities in India. Relaxation in area measurement as well as completion timelines to seek tax exemption are, welcome steps. Further, the government has also increased allocation under the PMAY scheme. This will encourage home buyers and further boost participation from the Private players. The government has also been accommodative of the concerns of the real estate sector. The relaxation on long term capital gains, joint development agreements, tax rebates for builders will help reduce their tax liability.“
Surabhi Arora, senior associate director, research, Colliers International, says, “The Union Budget promises to continue economic reforms, control inflation and prudent fiscal management. It will ensure macroeconomic stability in India against the backdrop of global protectionist policies. Post-demonetisation, surplus liquidity in the banking system has already reduced borrowing costs, which, in turn, will boost economy. The budget, however, provides little impetus in the short term to the real estate sector other than a boost to the affordable housing segment. In our opinion, the infrastructure status for affordable housing and tax relief for real estate developers are positive steps but not enough to boost residential sales in the short term. The government has provided up to INR12, 500 (USD185) income tax benefit to individuals, which is insufficient to provide the demand side push to the sector.“
Shishir Baijal, chairman and managing director, Knight Frank India, says, “This has been one of the path-breaking budgets with far reaching changes, especially, for the real estate sector. It is positive that the sector has come into the central spectrum of the budget. This has come at a time when the beleaguered sector has been looking at measures to boost the sentiments. The real estate sector which was the hardest hit by demonetisation move will be one of the major beneficiaries of this budget. Prudence in fiscal discipline is welcome and will encourage RBI to look at a lower interest rate regime that will provide the much needed fillip to this stressed sector.Increased focus on infrastructure especially construction of new roads, improvement of existing roads and coastal connectivity will go a long way to benefit the real estate sector.The move to reduce the tenure of the Long Term Capital Gain tax from three years to two years is extremely welcome and will help the marketability of real estate as an asset class.“ Anshul Jain, managing director, Cushman & Wakefield, India, says, “The thrust on affordable housing renews government's vision of 'Housing for All by 2022', giving a cheer for the housing segment. After a wait of several years, the government has finally awarded infrastructure status to a hitherto largely-neglected affordable housing. Infrastructure status will ensure easier access to institutional credit and help in reducing developers' cost of borrowing for affordable projects. According infrastructure status will further simplify approval process for affordable projects, create clear guidelines and increase transparency in the segment. Such a market, which will further be made accountable through the Real Estate Regulatory Authority (RERA), could attract debt and pension funds to invest in the affordable housing segment.“
Jain further adds, “Some of the aspects that the Union Budget missed, and those that could have created a better impact on the real estate sector include, lack of provisions for increasing the tax deduction for interest paid on housing loans, which could have been a welcomed relief and a morale booster. Further, as many from the Real estate sector had commented before the budget, some additional benefits for first time home buyers could have been included to provide the additional impetus. The Budget also did not address crucial aspects like SEZ policy or provide any further tax relief for SEZ. This is critical as globally Free Trade and low tax zones have significance in creating the right environment for economic growth.“

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FOR MORE DISCUSSION, YOU CAN CONTACT DIRECTLY TO DEEPAK SUNDRANI, CELL# 91-9822052388, EMAIL:thegururealtypune@gmail.com

Property / Real Estate Investment Opportunity for NRI's (Non Resident Indians)

Pune: from last few months, NRI community will have great chance and more opportunities to invest in india because of sudden appreciation of Dollar against Indian Rupee which is almost 30% therefore if any NRI or PIO from countries of US or any other middle eastern country, have pegged currency with US dollar then they can avail straight 30% discount indirectly because of exchange rate in investing properties in India which is no doubt will give really handsome retruns or profit in near future. Ideal situation NRI's those have spare money to avail this benefit. another suggestion that NRI's can look for investment in PUNE, Maharashtra in India as it's very fast growing city and having immense potential to give maximum profit/returns in coming years.

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Deepak Sundrani Pune, Maharashtra, India Currently Running Real Estate Consultancy Company in Pune, India caters all Segments of Real Estate, Provides consultancy on Investment, Buy, Sell, Rent, Lease Properties includes Residential, Commercial, Land Plots, Property Management with available Specialist Professional in Interior Works. Before Starting my company, i Worked in Dubai, UAE, Middle East for about 6 years with well known developers, having branches globally and successfully marketed variety of residential & commercial projects to UAE Nationals & Expatriate community afterthat Worked with one of the pune's (India) largest developer as business development officer and Markets it's projects to middle east, UK, USA & other overseas destination by traveling Dubai and arranging client's meet there. I was also Involved in preparation of strategy for marketing projects to domestic and oversease clients. Have dealt with real estate requirements of NRI's, Expatriate and Localites also.Can address specific real estate needs of Corporate, investors & Individuals with the support of thorough market analysis, information & Knowledge. View my complete profile

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Amazing Advantages of taking BANK FINANCE in Buying properties.

Pune: Dear Readers, Greetings to all, from last few days, was thinking to write article on topic of bank finance, ultimately got time.It's been many years of estate consultancy experience in Pune, India which has encouraged me to share something very useful opinion about Bank Finance for buying properties as it's not only for enduser but also great for investors point of view.Our country like india has massive real demand from endusers in every city however it's sure that hardly a few percent of people can pay full amount at one go so most of the endusers are unable to think buying properties and hesitant to go for bank finance due to unaware of great advantages or somehow the traditional mentality for not taking loans however bank finance has so many benefits that not only enduser but also investors who wishes to increase their fortune can go for bank finance route to multiply their investment returns many folds.
Now, i should first give list of points which can be discussed in detail as follows in support of benefits of bank finance:
a) Indirect Cost Discount: this will be great advantage to discuss which generally people do't realize as wheather it's enduser or investor, takes bank finance to buy property gets discounts indirectly in a form of an own use or rental income, this point is valid on all properties whether it's underconstruction or ready possession. let me put it one example to understand better, let's assume that the property value is Rs. 30 Lacs so EMI (Equated monthly Instalment) will be approximately 30,000/- Per month and Rental income of the same is Rs. 10,000/- Per month so ultimately Actual EMI is paid 20,000/- Per month which will indirectly reduce cost of property to 20 Lacs, the indirect discount of Rs. 10 Lacs. and a same way if property cost is 1 Crore and Rental income is Rs. 30,000/- Per month then it will reduce cost to 70 Lacs. Is't amazing advantage of Bank Finance?
b) Pay EMI instead of Rent: Enduser mostly are those who are staying on rent so Rent is a expenses which will never going to return back to them and instead they can move to their own residence and compensate with monthly EMI. this same logic is valid for investor as they can rent their property and compensate it with payment of EMI.
c) Inflation & Appreciation: I have put both these phrases together because nowadays, due to inflation only, prices of properties are appreciating so it's dual advantage that property bought today will appreciate for sure because of both these phrases supports each other and will not only compensate the interest factor of bank finance but also generate profit on selling it.
d) Reselling Property: Now, if it's investment or any other reason, if property is sold after few years then again bank financed property has great benefits, for example, let's have the scenario where bank finance property is sold in 3 years after so the EMI paid will be for 3 years + down payment made at the time of booking so let's say total paid amount is 30% percentage of the total purchased cost of the property, and new buyer approaches to buy this property who will generally clear current bank finance amount by taking bank loan himself or have ready money to pay in both the cases, property will be sold and profit will be made upon paying just 30% of the cost of property. notice one more thing that there are no foreclosure charges by any bank now in india. so the profit will be calculated upon the actual investment which is just 30% in this case. Is't again amazing advantage of Bank Finance?
e) Satisfaction & feel of Security: this is moreover enduser reason as after every year, tenant gets worried for rent renewal and rent increase and no surety whether owner will renew it so if property is owned then this will give great satisfaction and feel of security which indirectly gives great energy to work more & enjoy life.
These above points and many more advantages of Bank finance are valid only fortunately in our developing country like india where there is shortage of millions of houses and huge enduser demand will be there for many decades so future is really bright for real estate of india still one should consider point like Regular income source to pay EMI's and choose city and location carefully after checking future prospects of it. For that, we as an professional Estate consultants services can be utilized in one of the leading city PUNE, Maharashtra as it's very important to study and survey fully before buying or investing in any property to have surety of good investment & returns..
Dear Readers, these all above shared info is again my personal views with many years of experience in real estate consultancy, still i would really like all of you to comment your opinion freely on this subject to learn and assist all of us.

Buy Flats inside Hinjewadi to avoid traffic jams

As Traffic situation is getting worse everyday on Hinjewadi flyover which connects wakad to Hinjewadi IT park, many are looking for Residential options to stay inside Hinjewadi so There is good news that some very good opportunities have come to invest or stay just touching to it park first time as till date, all residential developments were in wakad, baner, aundh and balewadi area which are still quite far away due to traffic jams everyday on hinjewadi fly over, mostly IT professionals have got fed up by vasting many hours after working brainy works in there offices. The opportunity has arrived now as some very good residential developments are allowed just near to infosys campus circle in phase 1, with the concept of studio, 1 bhk, 2 bhk, 3 bhk & 4 bhk flats & pentouses with commercial malls & shopping complex & schools just round the corner, ideal for investment also as once these developments will come up, many many people will move to these accomodation from currently booming areas of wakad, baner, aundh, pimple nilakh, saudagar etc. One can expact real value for money for these projects as prices are rightnow lowest and can get maximum real returns also. Rental income can be really a great value for money also here. Also mumbaikars will find this area really a convenient as per distances from mumbai and can think for investing here for future.To know more about these offers, you can contact us.

Viman Nagar and Kharadi, Making of new Koregaon park and Kalyani Nagar

PUNE: Real Estate investment will reap very handsome returns in upcoming areas of Viman Nagar and Kharadi which are surely replicating the successful development of Koregaon Park and Kalyani Nagar. In Viman Nagar, already people know that Viaman Nagar is having one of the best planned mix of commercial and residential place and Kharadi will be the next place to invest in. so friends! do't miss the opportunity to invest in Viman Nagar and Kharadi area to have wonderful retruns.

Nagar Road Impact (Developed Insfrastructure) - Viman Nagar and Kharadi

Nagar Road, Pune is a highway which has been developed very well by the government and mostly the area touching to nagar road are flourishing, Viman Nagar is such an area which has got double advantage to be a middle of Nagar Road on one side and another side touching to the only Airport in pune. this has made this area coming up these Hotels - Hayatt, Four point Sheraton, Ibis and Largest Shopping malls- Inorbit and Phonix and many many more other wellknown names of every best thing one can think and dreamt to live and enjoy. Another location, Kharadi which one can say a cousin of Viman nagar is even developing better as having a ready well planned road infrastructure, touching to Nagar highway one side and another side to Magarpatta - Amanora side makes it one of the best traffic managed planned road. additionally kharadi is having one of the largest IT park, sitting in the heart of it like a ever shining diamond. future is amazing growth for this kharadi area is sure.Investing in Kharadi area will be best investment opportunity.

NIBM Road: Emerging location in Pune

NIBM (National Institute of Banking Management) is become a centre point of lots of big real estate development from last few years with the support of well improved infrastructure, the place has transformed completely however still some people think differently about the location and does not even think about it as their perception about the location is not updated. here i would like to put more light upon why Area near NIBM is and will become one of the best prime location in near future.The major factor which fuels Real estate growth in particular area are:1) Infrastructure 2) Road Connectivity 3) Schools & Institutes 4) Hospitals 5) Commercial Malls & Multiplexes 6) Upcoming Developments Residential & Commercial.I would like to summarize above factors in one paragraph as they intermingled each other or batter to say that they compliment each other. the Infrastructure of Roads has been improved a lot on all sides of NIBM which makes easy access and transportation, we can see this in realty if someone comes in this area, the second factor which is most important in a long run is connectivity of roads to the location where you stay let's say example of today's most happening place of Kalyani Nagar which is connected with only 2 bridges, now in a long run, there will more traffic which is already heavy but in future situation will gets worse and people who stays in kalyani nagar will have to spand long hour in traffic whereas NIBM location has got this liberty because it is not having any river to connect it to major city locations like MG Road and railway station, NIBM has connected with almost 4-5 full developed roads which goes directly to NIBM. that make difference! Is't it? another advantage NIBM has got that behind of it is Katraj Bypass which connects it to Mumbai Express way to one side and another side hill station of Mahabaleshwar. top of it the another side of road goes to Hadapsar, Sholapur Highway & famous Magarpatta IT Park. what else connectivity we can get from the location, It's Amazing to become prime location. now another factor of Schools & Institutes, the all big school names are just near to NIBM ie. DPS, Bishops, Vibgyor & Eingeering institutes and lot more small names in the area. Regarding Hospitals the names are Noble Hospitals, Shyadri Hospitals and famous Command Hospitals at a very short distance, apart from them there will be lots of clinics are available to serve you anytime. the one more important and necessary factor is commercial malls with added flavour of Multiplexes, yes these all things are going to be reality here very soon, imagine you do't need to go pune central, SGS Mall and multiplexes like Inox & Adlabs, it is true that the big malls & multiplexes will be a realty soon here. just watch out the development. the last factor which really affects the emerging location is the kind of residential & commercial developments taking place in the area, here you will be surprised to here that developments are coming with very high end concept majorly where you talk about apartments than the sizes are 2000 + Sqft. and we talk about beautiful bungalows & villas with all state of art amenities, so all these big developments will be here, all big names of developers will be here.Folks it's better to invest now to live a location which will become one of the milestone in near future.

INVESTMENT OPPORTUNITY in Upcoming Township on Expressway nearest to pune city.

Dear Readers,
There is fullswing booking is going on of 1, 2, 2.5 & 3 Bhk flats in a Township of 700 Acres by wellknown developer with proven previous similiar developer having mix of IT Park, Residential & commercial activities at the same place.
The most important point is that this upcoming 700 Acre township is the nearest to pune city having also just half Kilometer away from Expressway to have easy and fast connectivity to Hinjewadi IT park, Mumbai to one side & Goa, Bangalore & Mahabaleshwar to another side.
Top of it, this Township is coming up with one of the largest IT park and corporate offices inside with quality Residential apartment and villas in future having amenities like primary & secondary schools, clinic, banks, ATM's along with one of the largest club house & swimming pool.
The location is having one of the best scenic views as touching to river and dam to one side and another side to reserved government land.
Now, price part, currently selling like hot cake because of prices are rightnow lowest in pune of offered 1, 2, 2.5 & 3 bhk flats.
constructions of these flats is on differenet stages comleting 1, 2 & 3 years time so one can enter at per convenience.
This investment opportunity is for very short period and price and availability is changing everyday. If you feel intrested, can surely discuss this project in detail.
Regards, Deepak

RARE OPPORTUNITY TO INVEST JUST TOUCHING TO HINJEWADI IT PARK, NEAR MUMBAI - PUNE EXPRESSWAY..

There is rare opportunity has come to invest or stay just touching to it park first time as till date, all residential developments were in wakad, baner, aundh and balewadi area which are still quite far away due to traffic jams everyday on hinjewadi fly over, mostly it professional have got fed up by vasting many hours after working brainy works in there offices.
The opportunity has arrived now as some very good residential developments are allowed just near to infosys campus circle in phase i, with the concept of studio, 1 bhk, 2 bhk, 3 bhk & 4 bhk flats & pentouses with commercial malls & shopping complex just round the corner, ideal for investment also as once these developments will come up, many many people will move to these accomodation from currently booming areas of wakad, baner, aundh, pimple nilakh, saudagar etc.
One can expact real value for money for these projects as prices are rightnow lowest and can get maximum real returns also. Rental income can be really a great value for money also here. Also mumbaikars will find this area really a convenient as per distances from mumbai and can think for investing here for future. To know more about these offers, you can contact us.
*we specialize in pune & also assist buyers to book or buy suitable property as per their requirements and budget and we do\'t charge any service charges to the buyer for any underconstruction booking from all recognized developers in pune. It\'s like saving time and getting our expertise & knowledge to search property for interested buyer\'s.

RARE OPPORTUNITY TO INVEST INSIDE MAGARPATTA IT PARK

Rare opportunity to invest inside magarpatta IT park which is only IT park located in the heart of pune city, having the concept of living neartest to it companies & commercial places in a integrated township.
The location is surrounded with one of the best schools, hospitals, clubs & hotels.
There is availability of 1 & 2 bhk apartments in underconstruction booking which will really reap great investment returns in future.
*we specialize in pune & also assist buyers to book or buy suitable property as per their requirements and budget and we do\'t charge any service charges to the buyer for any underconstruction booking from all recognized developers in pune. It\'s like saving time and getting our expertise & knowledge to search property for interested buyer\'s.

AVAILABLE 3 & 4 BHK APARTMENTS, NIBM Road, NIBM - Correnthan Road, Pune.

Available underconstrution large & spacious apartments 3 & 4 bhk\'s on nibm road having one of the best highend residential segment surrounded with one of the best schools ie. Dps, bishops & vibgyor etc. Hotel management, engineering colleges, hospitals, shopping malls and one of the best club of pune hardly a distance from main location like mg road, railway station, camp, magarpatta it park, bibewadi, marketyard, ideal for investment.
Further, we specilize in pune & also assist buyers to book/ buy suitable property as per their requirments and budget and for that we do\'t charge any service charges to the buyer for any underconstruction booking. So it\'s like we search best option suitable to your budget, location and other requirements.

Opportunity to invest in premium Residential project at NIBM Road, Pune, India.

Dear All, The Good news is that real estate market is reviwing in india and showing positive upward trends and promising immense opportunities for investment. Eventhough there is a planty of demand and many home seekers are looking for investing in realestate of india but surely waiting for good buy for money. Now right time has come to take decision as have got premium residential project for offing in pune which is one of the best city of india with all parameters and the project has all ingredients to be called true flavor of pune as having one of the fascinating location of upcoming NIBM Road, surrounded with hills and having all best addresses of schools, clubs and many more with easy proximity to heart of the city, railway station etc. The project is having only spacious apartments of 3 BHK (Area 1540Sqft. - 1670Sqft.) and 4 BHK with Servant Quarter (Area 1955Sqft. - 1990Sqft.) of big size and looking to accommodate living lavishly at the very reasonable price or you can call it the price which is all the time very attractive for these kind of specifications and construction amenities. The New towers are just going to be launched so having best offers and also the time for you to pay in 2 years time from now as per the construction stages. If you find interested to invest in the project, contact me to get best price offer for the bulk buying/Group Booking concept also.

Boom in the 'Orange city' - NAGPUR

Source: The Times of India

The proposed International Cargo hub (MIHAN) has made Nagpur a real estate hotspot, says Shilpa SachdevIt is one of the fastest growing Tier III cities in India and believed to be India's future IT and Aviation city Nagpur is India's second capital and third big city in Maharashtra. It is famous for its oranges and hence is known as the 'Orange city'.Recent developments have fuelled the growth of real estate in Nagpur. One of them is the proposed Multi-modal International Hub Airport that has suddenly spurred the interest of investors in commercial and residential spaces in the city Located in the centre of India, Nagpur is a strategic location for the Multi-modal International Hub Airport. Boeing's maintenance base is another development that has added to the real estate growth in the city. Majority of the new supply is concentrated in the southern zone (Wardha Road) near the upcoming Cargo Hub. Development of MIHAN project consisting of International Airport, SEZ and Cargo Hub are the key reasons for projecting Wardha Road as the growth corridor. Real estate development is likely to pick up along this road in the short and medium term. The response to MIHAN will decide the future prices in the cityOn the commercial side too, Nagpur has shown impressive results. The commercial property market in Nagpur has witnessed steady growth in the last few years. There is a demand for quality commercial space across the city. A Knight Frank report has given second position to Nagpur for infrastructure. The city is free from congestion. It is ready for development. With the International Cargo hub coming up here, it is set to be the logistics hub of the country Nagpur will be the aviation mode of the country and hence will assume great importance. National and international cargo will be accumulated and distributed from here. The amount of business generated will increase and it will become a business centre. There will be a lot of employment generation. It will soon become a metropolitan city Growth has just started to take place. This is the right time to invest in Nagpur; the returns will show after one and a half years. And the investments will give attractive returns to those who invest in Nagpur. We are hoping that it will become India's second commercial city after Mumbai."The time is right for those who are looking beyond Mumbai and Pune. Nagpur has already begun to show up on the list of real estate fraternity The growth story has just begun!

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