FACTORS THAT CAUSE PROPERTY PRICE APPRECIATION

Real estate has always been considered as a fruitful asset in one’s investment portfolio, for the short term, as well as long term. Property prices are an important real estate variable as they link demand and supply. It is also an indicator of the overall economic scenario of the real estate market. Price trends serve as an important tool for investment decisions for homebuyers. The time for purchasing property, price escalations, and a slump in the market are some insights which help in making valuable investment decisions. According to reports, the real estate sector is currently on the rise, with growth …

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WHY SHOULD YOU INVEST IN REAL ESTATE DURING PANDEMIC?

The coronavirus is a worldwide pandemic that has overwhelmed the world. Almost everybody across the globe finds a safe heaven within their homes while we also see an economic slowdown with multiple businesses finding it difficult to survive. The real estate industry has felt the heatwave of the pandemic, making buyers and sellers more concerned about the real estate investments during this period.  If you are looking to buy a property in Pune and wondering whether the COVID-19 pandemic has impacted prices or real estate investment in any way, the answer is encouraging. Pune has a perfect mix of IT/ITeS, …

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5 FACTORS THAT MAKE REAL ESTATE INVESTMENT IN PUNE A PROFITABLE DEAL

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 …

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“7 Things Buyer Should Know Before Buying Under-Construction Property”

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 …

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CALCULATIONS OF “CARPET AREA” UNDER MAHARERA ACT

“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 …

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“5 POINTS FOR NRI’S TO KNOW BEFORE MAKING A REAL ESTATE INVESTMENT IN INDIA”

As an NRI property buyer, we understand your concerns of investing in real estate in India. Non-resident Indians have played a significant role in the Indian real estate market. In the last decade, individuals, families and even companies are looking to buy property in Pune due to its proximity to Mumbai. In addition to that, the procedure for NRI to buy property in India has become a hassle-free job. However, a few points NRIs should know before making a real estate investment are as follows- What all documents do NRI require before investing in India? For all those who are planning to …

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WHY SHOULD BUY PROPERTY FROM CHANNEL PARTNERS IN PUNE REAL ESTATE?

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 …

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HOW TO GET THE MOST OUT OF LOW HOME LOAN INTEREST RATES?

Both the attractive home loan interest rate reduction and stable property prices are attracting buyers to invest in properties, especially luxury homes (as investments). So, yes, home loan interest rates are different for everyone. 1] EMI Affordability:  One should be well aware about one’s EMI affordability. While applying for the home loan, one should choose the longest tenure to keep the EMI at its lowest level. It helps the home loan borrower to have a breathing space in the first two-three years of the home loan repayment. But, after three years or may four years, when one’s income increases, one …

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“HOW TO BALANCE HEALTH WHEN WORK FROM HOME”

At first glance, the connection between remote work and the real estate market may not be apparent. But, if you look closely, it’s easy to see just how interrelated the two are. When you work from home day in and day out, your humble abode becomes that much more essential. Do you have space for a home office? Is it a place you’re happy working from 40 or more hours a week? And due to the pandemic, does your partner also have space to work? What about your kids? Do they have a spot in the house where they can log …

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“1% STAMP DUTY WAIVER FOR WOMEN HOME BUYERS”

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

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