The real estate sector in India witnessed major reforms this year. Acts like RERA and GST brought in a more regularised and transparent system, both for the builders and consumers. With a systematic approach in the construction market, the prospects for business are higher. In a market like Pune, where growth and development are on the rise, real estate investment in Pune can be very profitable. Pune has witnessed a spurt in real estate demand over the last few years, with buyers and investor showing kind interest. This is probably because he city has properties that offer value for money unlike Mumbai …

Few important things buyer should know before buying under-construction property in Maharashtra. (1) Check whether property is registered under maharera or not ? The biggest risk in buying an under-construction property is a delay in possession. A home buyer should always opt for projects registered with the Real Estate Regulatory Authority (Rera), which was aimed at bringing transparency in real estate deals. It is worth noting that the model Act and the apex court judgment giving home buyers equal right with the other creditors have made the under-construction house attractive. Here under maharera buyer has right to claim for possession …

“Carpet Area” means the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment. Explanation: – For the purpose of this clause, the expression “exclusive balcony or veranda area” means the area of the balcony or veranda, which is appurtenant to the net usable floor area of an apartment, meant for the exclusive use of the allottee and “exclusive open terrace area” means the area of open terrace …

Who is Channel Partner? Channel Partner is an individual person or company who is registered itself as “Real Estate Agent” under Maharashtra Real Estate Regulatory Authority. “Real Estate Agent” means any person, who negotiates or acts on behalf of one person in a transaction of transfer of his plot, apartment or building, as the case may be, in a real estate project, by way of sale, with another person or transfer of plot, apartment or building, as the case may be, of any other person to him and receives remuneration or fees or any other charges for his services whether …

STAMP DUTY CONCESSION EFFECTIVE FROM APRIL 1 1% concession only for residential unit,not for plots and land Concession not applicable if there is a male co-owner Agreement to sell any type of residential unit between woman/women purchases and any seller Any women purchaser availing of stamp duty remission will not sell such residential unit to any subsequent male purchaser within 15 years from the date of purchase On failure to abide,she will be liable to pay 1% stamp duty,interest on it and penalty

The Maharashtra government on March 31ST decided not to extend the stamp duty waiver on property registrations and kept the Ready Reckoner Rates unchanged for the financial year 2021-22,Regular stamp duty rates will be applicable from April 1 onwards. The 1% stamp duty waiver for women homebuyers announced on March 8 will be applicable from April 1, revenue minister Balasaheb Thorat tweeted.The deadline for the 2% stamp duty waiver was to expire on March 31.Stamp Duty waiver decision of Maharashtra Government has been given big booster to real estate market in Pune & Mumbai city. Due to this reduction in …