House buyers ! Do not expect much from new Indian government's upcoming budget.

                House buyers, Do not expect much from government budget.  After 10 years NDA government has come in the power after ruling of UPA government of 10 years.

 House buyers are hoping some positive steps  from  one month old NDA government in support of  house buyers.

 

                 First union budget of Narendra Modi’s government will be presented by honorable finance minister Mr. Arun Jaitley of financial year 2014-15 on 10^th July 2014. People have lot of hope from the budget announcement.

                All common people have lot of hope from the upcoming union budget by Indian government.

Every common man dreams to own a house. House buyer will always expect that government should take some positive steps on tax exemption limit on housing loan and also other taxes which has to be paid by house buyers.

                While buying a house a house buyer has to pay many government taxes. If we include all government taxes it comes around 8 to 10% of property price. 8 to 10% amount is a huge amount which is paid by a house buyer while buying house. High property rates and these government tax already made it difficult to own a house for a common man.

               The main agenda of NDA government is to reviving Indian economy. It  shows by some steps taken by the  less than one month old government. For revival of Indian economy government has to take some harsh decision against the common man. One month old government has already increased rail fare by 14.5%.  Government is also planning to increase cooking gas prices and fuel prices. 

              These all decisions will be helpful for revival of Indian economy. It seems that government is more keen on revival of economy rather than issues of common man. 

       But I am not expecting anything positive for house buyers from the upcoming union government budget.

Luxury destination in Pune

Earlier It was assumed Pune’s biggest advantage was the climate,culture  and connectivity from Mumbai city. Now a days pune is changing its identity It has become a destination of investment  in real estate. Pune is growing from all the corner. Now this city has become an education and information technology hub. Presence of the all top notch IT companies in pune  makes it a hot property investment destination.

The concept of luxurious flat is mushrooming across the pune city.

 Koregaon park is the place which firstly built by british. Now it has become with one of the happing area. This place is very close to boat club and race course. It also enjoys connectivity to other major area of city like Dhole Patil Road,Swargate,Camp,M.G. Road, Deccan etc. Railway station and airport are also close to Koregaon park.At Koregaon Park we find finest of cuisine restaurants,pubs,shops,fashion, brand wear etc.

Near by areas like Kalyani Nagar has become one of the most preferred location  for living. This area is very well connected from Viman Nagar, Shastri Nagar, Koregaon park, boat club road, bund garden etc. Kalyani Nagar is well equipped with all the basic amenities. All kind of fast food like McDonald’s, D-mart shopping mall, KFC etc. Some of the prominent schools like Bishop’s school, Nagarwala High School are already there.

Other side of NIBM,  Undri is developing from a small villege to developing residential hub with all kind of world class infrastructure amenities. This area also enjoys good connectivity from the place like NIBM,Wanowarie. There are many premium housing projects  which provide luxury amenities. Infrastructure is being developed . PMC is putting focus on the growing areas in Pune. Undri is also close to Magarpatta and Hadapsar which are emerging IT hub. Also the connectivity is better.

Viman Nagar is also a popular destination in Pune. In Viman Nagar also you will find IT Parks, big hotels, educational institute. This place enjoys the connectivity from Airport and other important area of Pune like Kalyani Nagar, Koregaon Park. Viman Nagar is an idyllic place for residential projects. This area is a mix of residential and commercial place.

Baner is the place which enjoys connectivity from Pune city ,Mumbai Pune High way and also Hinjewadi IT Park. Infrastructure is good, roads are wider, Hotels, restaurant,  IT companies food bazaar,de-mart  etc. attract to peole to invest in real estate in these area. Working people in Hinjewadi  IT Park finds this place suitable for stay because of the connectivity from Pune city and Hinjewadi IT park. Because of the connectivity from Mumbai Pune highway Baner also attracts Mumbai’s real estate investor's

Many factor play role in developing a luxury destination. Pune is a hub of IT techies and they are paid hefty by the IT giants. So ultimately money is coming in the pocket of the people and they need some place to invest or spend. From since last decade real estate is giving better return to investors compare to any other assets.