FIND YOUR DREAM HOMES WITHIN RS 40 LAKHS IN PUNE.

Are you looking to invest in east Pune within a budget of Rs. 40 lakhs ?

Wagholi, Undri, Hadapsar, Dhanori, are the localities that offer a wide range of options in one and two BHK apartments in this budget.There are several young professionals who prefer to buy a property rather than rent it. With low budgets, they prefer smaller homes of 1 or 2 BHK configurations, which are generally sized between 500 to 1000 sq ft. The developers who have caught the pulse of the market are offering these small homes in the areas close to IT hubs of Magarpatta and Kharadi.

Wagholi has many number of residential projects which would be ready for possession by the end of 2014.As per MagicBricks.com, 20 percent of the total projects in Pune that have either been delivered this year or would be ready for possession this year are located in Wagholi and out of these 8 out of 10 homes are configured as 1 or 2 BHK units.

The property values in Kharadi are much higher than Wagholi and therefore, the buyers are moving towards Wagholi in search of affordable small homes. Currently a 1000 sq-ft apartment in Kharadi is available at Rs 50 to 55 akhs while a same sized property in Wagholi can be bought at Rs 35 to 40 lakhs. A similar scene is seen in Undri,where configurations of 1 and 2-BHK untis are selling like hot cakes.Undri offers maximum properties in the range of Rs 35-40 lakhs. With places like Wanowrie and NIBM coming in higher values, buyers are seriously considering Undri. The presence of a young crowd ensures higher demand for smaller units as these properties fit in their budget.

Even Dhanori is a popular destination among the working population around the eastern belt of Pune. The small housing units are majorly in demand as these are easy to maintain. The property values in Dhanori are comparatively lower than its neighbouring area.

If you have any question or want to know any information please comment below and also request you to give the feedback about this blog.

Real estate's top marketer

Executives in the offices of the Lodha Group, Mumbai's premier real estate developer, describe their managing director, Abhishek Lodha, as a 'workaholic'. He works late till 1 or 2 am and then beats them to the office in the morning. Lately, however, they are missing his constant presence in the office in Mumbai's Mahalaxmi area. Lodha has been travelling to London frequently these days after the group bought properties worth Rs 3,900 crore in the British capital.

The acquisitions in Britain have taken everyone by surprise, but Lodha is confident about the new foray. The group seems to have a serious plan for the London realty market, which sells 200,000 apartments a year and is growing at the rate of 6 per cent annually. The 34-year-old MD has already opened a 1,000-sq ft office at Chester Square in London and hired Tyler Goodwin, former JP Morgan Global Assets Management managing director, as chief executive for the UK business. Insiders believe that either Lodha or his younger brother, Abhinandan, who is deputy managing director of the group, will relocate to London to look after affairs there.

Many questioned the wisdom of expanding in London. Lodha's riposte to naysayers soon after buying the Rs 3,000 crore MacDonald House late last year was confident: "When we bought the DLF plot, everyone wondered how we would manage it. Whatever we have done is there for everyone to see. To read more please visit - business-standard.com

State's new real estate law set to be a game changer.

Presidential nod to the Maharashtra Housing (Regulation and Development) Act 2012 has paved the way for Maharashtra to become the country’s first state to come up with a real estate regulator in the housing sector. The notification is likely to be issued soon, following which rules and regulations would be formulated.
This is the second Act to serve the interests of the flat buyers in 50 years in the state of Maharashtra. Before this, the Maharas-htra Ownership of Flat Act was introduced in the state in 1963 and since then there was a complete vacuum with regard to safeguarding common buyers from builders.
“We are committed to bringing this Act as soon as possible and if everything goes according to the plan, the law would be enacted by May this year,” said Sachin Ahir, minister of state for housing.
According to Mr Ahir, the Act makes it mandatory for every developer to disclose their property title, layout plan and completion plans to buyers at the time of booking. The most important provision is that the project details would be registered with the regulatory authority and the same would be uploaded on its website, so that buyer would be confident about the authenticity about the project and its offers.
As per the provisions made in the Act, developers won’t function like a fly-by night operator and they would be held responsible for repairing major defects in the buildings during the first five years after handing over possession to the society. Even builders may have to refund buyers for delayed projects. The regulator has been given ample scope of power and would work as par with powers of a civil court and can impose fines of up to `1 crore and prison terms up to three years. To read more please visit - asianage.com

Finally Ivy Estate Kolte-Patil Wagholi start giving Possession of Flats

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Kolte-Patil Developers have started giving possession of flats in Apartments in Ivy Botanica & Umang Premiere .

Kolte-Patil Developers have sent possession notification to the flat owners in Ivy Estate Wagholi. The process of possession of flats have started from 1^st week of February 2014.

Total near by 970 flats will be handed over to the buyers. Kolte-Patil will take couple of months to complete the process of handing over of all flats. Possession will be given on first come first serve basis provided that all the payments are done.

Kolte-Patil has got the Completion Certificate. I came to know that it is a partly Completion Certificate . I put this question in front of the developer. Sales Person replied “We have received Completion Certificate for Ivy Apartment phase one  and we are planning to for 2^nd phase of Ivy Apartments after that we can get the Full Completion.”

To avail income tax benefit/exemption under section 24B property buyer can submit official Possession letter along with attached Completion Certificate during the financial year. To obtain the Official Possession letter the customer need to make the complete payments as per the final demand letter and the Official Possession letter can be released within ten working days.

Warren Buffett's investment lessons from his farm and real estate purchases

Investors around the world hang on Warren Buffett's every word, hoping for a scrap of advice from a legendary businessman. Buffett often dishes out a few morsels of that advice in a letter that coincides with the annual report from his firm, Berkshire Hathaway.

On Monday, Buffett offered an unusually long preview of that advice in an excerpt from his letter, posted on Fortune's website. The full text of Buffett's letter and Berkshire Hathaway's annual report will be released Saturday morning. To read more please visit - economictimes.indiatimes.com

Hiranandani real estate heiress fights dad, brother for share of Rs. 3,000 cr fortune

At stake is property worth at least Rs. 3,000 crore (according to some estimates, it could be as high as Rs. 9000 crore). And fighting over it is Niranjan Hiranandani, the real estate tycoon who created the eponymous enclave in Mumbai’s Powai area on the one hand, and his daughter Priya Vandrevala, a self-confessed rebel.The latest salvo was fired by Hiranandani and his son Darshan, who, last month, moved the Bombay High Court to restrain Priya’s company, Hiranandani Living, from using the family name. They even claimed `50 crore as damages for alleged trademark infringement.

But a lawyer, who represents a third party in the dispute, said the case could be a strategy to get Priya, who had earlier filed arbitrations proceedings against her father and brother in London, to the negotiating table. To read more please visit - hindustantimes.com

You can apply for a Mhada home in Mumbai from April 15

People wanting to buy Maharashtra Housing and Area Development Authority (Mhada) homes can fill in applications from April 15. A formal announcement about this year's lottery draw will be made in newspapers on March 1. A total of 2,635 houses will be put up for sale by the state housing authority through this lottery draw.

From Mumbai, there will be just 878 units whereas, there will be 1,708 VIrar tenements that are under construction. Similarly this time the plan is to include 111 homes in Vengurla in Sindhudurg district. To read more please visit - dnaindia.com

Maharashtra to get nation’s first real estate regulator

In 2009, Avadhesh Agarwal, 35, paid Rs. 2.8 lakh as instalment towards a flat in a project coming up near suburban Kalyan. Three years later, the project was grounded because the developer could not get clearances.

“I got the money back, but could not invest elsewhere. By then, real estate prices there had doubled,” Mr. Agarwal, who works for a private firm, says.

In a city where real estate prices are among the highest in the world, many like him are hoping the country’s first real estate regulator will control the powerful builders’ lobby. Maharashtra will be the first State to appoint one as the Maharashtra Housing (Regulation and Development) Act, 2012, received Presidential assent this week.

The Act makes it mandatory for developers to disclose property title and layout and completion plans to buyers. The project details have to be registered with the regulatory authority and will be displayed on its website.

Refund for delay

Developers will be responsible for fixing major defects that crop up in the building during the first five years and may have to refund buyers for delayed projects. The regulator has the powers of a civil court and can impose fines of up to Rs. 1 crore and prison terms up to three years. To read more please visit - The Hindu

Indians most active buyers of Dubai property

Dubai: Indians have topped the list of Dubai's most active real estate buyers as they view the city in the same league as London, according to a survey.

The relative geographic proximity to India and the large non-resident Indian population in the region are two further critical drivers for those looking to park their Rupees in Dubai's real estate market, according to real estate consultancy Cluttons.

"Unsurprisingly, Indian nationals topped the list of the city's most active buyers, with Dubai often viewed in the same league as London by this group," Faisal Durrani, Associate residential and international research at Cluttons, said. To read more please visit - zeenews.com

'Infra investment down from FY11; govt taking steps to boost it'

New Delhi: Government has taken various steps such as formation of CCI and introduction of tax-free bonds to boost investment in infrastructure projects that has declined since 2010-11, Parliament was informed Wednesday.

The investment was at Rs 5.76 lakh crore in 2012-13 (provisional) and Rs 5.60 lakh crore in 2011-12, down from Rs 6.45 lakh crore in 2010-11, Minister of State, Parliamentary Affairs and Planning, Rajeev Shukla said in a written reply to the Lok Sabha.

Shukla said a Cabinet Committee on Investment (CCI) was constituted in early 2013 to fast track key projects worth over Rs 1,000 crore. To read more please visit - zeenews.com

BMC puts onus of structural stability on builders, makes approvals more stringent

In a bid to shift the onus of structural stability of a building on developers, Municipal Commissioner Sitaram Kunte has made building proposal approvals more stringent. Builders will now have to ensure that precautionary measures are in place during designing, construction and maintenance of a proposed building.
“Building proposals will be approved if all underground structural members are designed considering the effect of chlorinated water, sulphur water, seepage water… Due care while constructing the same should be taken and a completion certificate shall be insisted on before granting further certificate of commencement (CC) beyond the plinth from the licensed structural engineers,” says a February 4, 2014, circular issued by the office of municipal commissioner.
Civic officials said the “chances of building collapses often increase as the foundation of a structure is not as per the required structural stability measures. Underground water from drains might corrode the reinforced cement concrete (RCC) beams, which is the foundation of a building”. To read more please visit - indianrealtynews.com

Hi-tech survey of airport lands,soon

CBD: The City and Industrial Development Corporation (Cidco) will spend around Rs 60 crore to conduct a topographic survey for the land under Navi Mumbai Airport Influenced Notified Area (Naina) plan and Khopta notified areas. They will use Laser Imaging Detection and Ranging (Lidar) method to mark areas for developing townships within 25-km radius of the proposed airport.
The survey will be undertaken in 270 villages in Pen, Panvel, Uran, Khalapur and Thane talukas, which have been earmarked for the Naina townships and also in six villages near Karnala that come under the Khopta project. The main objective of the two townships is to rehabilitate the project affected persons (PAPs), whose lands are being acquired for the airport. The survey has already started a month ago in 10 villages in Panvel, which need to be developed at the earliest for the basic infrastructure of the airport. To read more please visit - indiarealtynews.com

101 Reasons to Live at Palava City, Mumbai.

 If you are planning to invest in Palava City then read the below facts about Palava City.

Palava will be a  highly integrated, vbrant, mixed use, friendly and live work community.
Palava will after a superior standard of living and lifestyle through integration of sustainoble ecofriendly living solutions.
Palava will be spread over 3000 acres, equivalent to the size of land ranging from Girgaum chowpatty to Parel.
Palava is situated between the throbbing metropolises of Navi Mumbai & Dombivali.

THE EXPECTED POPULATION AT PALAVA WILL BE OVER 5 LAC.

Palava is a mere 25 minute drive form Thane & Navi Mumbai
A 15, minute drive from corporate hubs in Navi Mumbai like DAKC, Siemens, MIDC and Capgemini will take you to Palava
Palava is just 20 minutes away form the proposed  international airport at Panvel.
The Diva-Panvel railway line through Palava, providing excellent connectivity through rail
A 6-lane highway, Kalyan-Shil Road, connects Palava to Navi Mumbai, and Kalyan  respectively providing excellent road connectivity.
A proposed monorail service will instituted by MMRDA, with a station located within Palava.
Palava is palanned such that it will have abundant water supply throughout the year
There will be 24x 7 power supply at Palava.
Global IT and ITES companies, financial institutions and other corporations closeby ensures the concept of walk to work.
More than 1 lac IT and related jobs within 30 minute driving distance
Environment sensitive planning to reduce the carban footprint at Palava.
The first Phase of Palava –a 250 acre development-has been declared as a Megacity by the Govt. of Maharashtra.
The future of education is taken care of through a world class ICSE school.
State –of-the –art medical facility with polyclinic, diagnostic Centre & pharmacy will enhoance the liveablity fo the city
A fire station to keep you safe form any unruly accidents.
A mega sports arena to revitalize your physical senses.
Sector gardens to spend a quiet evening under the sky
Riverside living walkways and scenic points for long evening walks.

A MALL & MULTIPLEX TO ENSURE QUALITY TIME SPENT  WITH YOUR FAMILY.

82% open space –breathe free
Parks, Woolds, nature trails and reverside walks.
World –class landscaping to gaze at your window
A 9-hole golf course for the elite citizens.
Impressive central square for a grand get-together
Adedicated police station to keep you safe 24 x 7.
Garbage and waste water recycling with 100% sewage treatment technology
Save power   for street lights-eco friendly
Internal bus transport system to take you to your doorstep
A transport hub for those long distance rides.
Effeicient bus service to Dombivali railway station to help you reach office in time.
Water Clusters that provide tranquil living experience
Gymnasium close to your home to build up those muscles
A grand party venue so that you do not have to go out on 31st Dec.
Children's playground to keep them off TV
Picnic area to spend those long weekends without going too far.
A beautiful promenade for a laze stroll.
Large viewing decks jutting into the river to feel the cool river breeze
Open air café to entertain your guests .
Riverside haat to meet your daily grocery requirements.
25000sq. ft. Grand clubhouse-meet your neighbours in style
Sing, dance or enjoy cultural activities at your own amphitheatre
Full-sized swimming pools to cool off on a summer afternoon
Separate pools for kids to enjoy the splashing water on their faces

AMPHITHEATRE FOR ENRICHING THOSE CULTURAL NIGHTS

Mini –theatre that keeps you updated with the latest in world of entertainment
A well-stockes library to appreciate the literary greats in peace and quiet
Ganesha Tample –tranquil places of worship
Cluster clubhouses to know your neighbours better.
A CRICKET GOUND & World Class training Academy to Groom The superstars OF TOMORROW
Yoga pavilion to recharge yourself early in the morning
A secure children's creche for your peace of mind
Enjoy a game of Volleyball, have and inter cluster tournament
Convenience stores located at key junctions to fulfil your homely needs
The best sport on a chilly winter nitht- Badminton at your own court.
Well-equipped business centre for the corporate honchos
Restaurant & lounge at the club for a relaxing evening with friends
Retail plaza with ATM centre so that you are never out of cash.
Jacuzzi & steam room - pamper yourself
tennis courts to prespare yourself for the ATP tournaments
Senior citizen corners to spend the best days of your life
when its raining, paly Indoors- carom, table – tennis, chess, snooker and lots more.
Celebrate birthdays, anniversaries and lots more in the Multi – purpose hall.
Gated communities with controlled access for complete security.
Optimally planned homes to reduce wastage of space
Well ventilated homes with ample natureal light and air
Beautiful  facades to compliment world –class city
Stylish entrance lobby in each building with marble flloring
Premium vitrified flooring in living, dining and bedrooms that  don't wear out with time
For the discerning few, select apartments with marble flooring in the living room and dining area.
Store at the evening sky from your private sundeck attached  to the  living room & moster bedroom
Laminated wooden flooring in the master bedroom
The X factor in your home-designer bathrooms with Spainsh Roca sanitary ware
Stay Cool in Your Air-Conditioned bedrrom & Living Room
Jaquar fitting that add a sparkle to the bathrooms
Motion sensors in select apartments for automated lighting
Premium vitrified tiling in the kitchen to protect  the stains tin case of a spillage
A complete modern kitchen fitted with granite platform and stainless steel sink
Stay secure indoors with multi-tier security with video door phone and controlled  occess.

STAY CONNECTED WITH YOUR NEIGHBOURS THROUGH THE INTERCOM FACILITY

Separate wardrobe area in all bedrooms to conserve space to give you more sleeping room
separate puja area in every apartment for your personal time with God
Keep your washing machine  and other utilities stored away in the separate utility area
Separate store area to keep your kitchen better organized and clean
A futuristic home with provision for telephone and internet connection
High –speed automatice  elevators to take you where you want in a jiffy
Modern technoligies to take care of leakages and heat issues in every building.
If indulgence is space , you will have plenty of it in your lavish Galf villas and  terraced residences.
Magnificent views of the golf course as you have your morning tea.
Entertain guests in you personal home theatre  room  and tuck them away in their private room.
Super sized terraces that can hold an entire guest  list and those party crashers too.
Your personal villa opening into the golf course ,luxury has no limits
A vehicle free podium area with landscaped gardens for that elevated living feel.
A dedicated golf community for the extraordinary league  of gentlemen and  ladies.
A dedicated Facilities Management team on call to service complaints, if any.
A centralized Civic governance body to run all the facilities in the township.

Feel free to give feedback about palava city, Mumbai in below comments.

Palava City Dombivali, a pre launch project by Lodha Group

Palava City is yet another feather the Lodha group can add to their hat. With “The Rise” receiving rave reviewsDombivali has yet another city in the making through the Palava City. Lodha Group’s project has redefinedComfort and Luxury and it does not want to leave any stone unturned for the uprising Palava city. This project gives you the privilege to access to various parts of the city from where it is located. The Kalyan Railway station and The Dombivali Railway station lie at 2 opposite ends, covering a distance of 15 and 25 minutes. The International Airport is 55 minutes away, but with the New International Airport being just 20 minutes from the Palava City this place is certainly going to attract many buyers. Commuters travelling to and fro the Western express Highway stands at a distance, and it takes 40 minutes to reach there. The Eastern Express Highway takes 30 minutes from Palava city. The Palava City offers homes of 1BHK, 2BHK and 3BHK apartments of 729 sq.ft area to 1314 sq.ft area respectively. What’s more interesting is, The Mahape IT hub, and the Airoli Commercial Hub are both at neighbouring distance from this city. To read more please visit - International news magazine

Pune real estate's hottest growth corridor.

The Pune residential real estate boom, initially kick-started by the IT/ITeS industry, has brought about a lot of unregulated development. While property prices in Pune rose unrealistically, the city’s traditional ease of living and pleasant climate, which were previously its USPs, suffered. Hills and trees have been razed to accommodate the rapidly expanding concrete jungle that all but defines central Pune today. The town planning commission found itself impotent in the face of the development mania, which soon transcended all reasonable, sustainable boundaries. To read more please visit - moneycontrol.com

The Pune residential real estate boom, initially kick-started by the IT/ITeS industry, has brought about a lot of unregulated development. While property prices in Pune rose unrealistically, the city’s traditional ease of living and pleasant climate, which were previously its USPs, suffered. Hills and trees have been razed to accommodate the rapidly expanding concrete jungle that all but defines central Pune today. The town planning commission found itself impotent in the face of the development mania, which soon transcended all reasonable, sustainable boundaries.

Read more at: http://www.moneycontrol.com/news/real-estate/pune-real-estates-hottest-growth-corridor_1036478.html?utm_source=ref_article

The Pune residential real estate boom, initially kick-started by the IT/ITeS industry, has brought about a lot of unregulated development. While property prices in Pune rose unrealistically, the city’s traditional ease of living and pleasant climate, which were previously its USPs, suffered. Hills and trees have been razed to accommodate the rapidly expanding concrete jungle that all but defines central Pune today. The town planning commission found itself impotent in the face of the development mania, which soon transcended all reasonable, sustainable boundaries.

Read more at: http://www.moneycontrol.com/news/real-estate/pune-real-estates-hottest-growth-corridor_1036478.html?utm_source=ref_article

The Pune residential real estate boom, initially kick-started by the IT/ITeS industry, has brought about a lot of unregulated development. While property prices in Pune rose unrealistically, the city’s traditional ease of living and pleasant climate, which were previously its USPs, suffered. Hills and trees have been razed to accommodate the rapidly expanding concrete jungle that all but defines central Pune today. The town planning commission found itself impotent in the face of the development mania, which soon transcended all reasonable, sustainable boundaries.

Read more at: http://www.moneycontrol.com/news/real-estate/pune-real-estates-hottest-growth-corridor_1036478.html?utm_source=ref_article

The Pune residential real estate boom, initially kick-started by the IT/ITeS industry, has brought about a lot of unregulated development. While property prices in Pune rose unrealistically, the city’s traditional ease of living and pleasant climate, which were previously its USPs, suffered. Hills and trees have been razed to accommodate the rapidly expanding concrete jungle that all but defines central Pune today. The town planning commission found itself impotent in the face of the development mania, which soon transcended all reasonable, sustainable boundaries.

Read more at: http://www.moneycontrol.com/news/real-estate/pune-real-estates-hottest-growth-corridor_1036478.html?utm_source=ref_article

Supreme Court nixes private forest tag: Mumbai opened up for development, Godrej is big gainer

MUMBAI: The Supreme Court on Thursday removed the “private forest” tag attached to huge swathes of land across the state by the government and upheld by the Bombay high court, freeing lakhs of acres for development.
In Mumbai, the ruling brings relief to at least five lakh residents and builders linked to hundreds of acres in Thane, Mulund, Bhandup, Nahur, Mahul, Borivli, Kandivli, Virar, Badlapur and Ambernath, who will also get back crores paid as fine to the state. The biggest gainer is Godrej, which can now build on 133 acres in Vikhroli.
Striking down the 2008 HC order, the apex court also quashed all notices issued by the state under the Indian Forest Act of 1927 decades ago. It affects owners of almost 6.4 lakh acres in the state.
It criticized the state for “leading citizens up a garden path for several decades” and for its “active consent in permitting construction through the years” and said now, residents alone cannot be asked to bear the brunt. The state cannot be allowed to demolish the “massive constructions made on it (the land) over the last half century”, the court added. To read more please visit - indianrealestatenews.com