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Team iPropUnited

Team iPropUnited
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Key Factors Driving Home Loan Market In India

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Team iPropUnited
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Key Factors Driving Home Loan Market In India

Assuming we examine the past five years, home loans in India enrolled 16% of CAGR (Compounded Annual Growth Rate) which is the highest. The general credit to the industry received a slump by reaching just single digits when there was a negative credit development in India this year. On the other hand, the loans’ share was still favorable at 37.5%.

RBI delivered a few information on sector credit and according to it, on 31st March 2017 bank credit was Rs.26.77 lakh crore to the industry. Apparently, this is less (by 2%) than the bank credit (Rs.27.30 lakh crore) which is outstanding as of 31st March 2016. Also, that is the justification behind the slowest bank credit development in a very long time.

The major factor was home loans in India for bank credit in the financial year of 2016-17 which added up to Rs.8.60 lakh crore. The housing share has been increasing since around 2012 in which was 9.26%. Prior to this, it was 2009 when the bank credit had seen a double-digit in the housing segment. But, the development has decreased to 5% in the financial year 2017 in bank credit. The reasons behind this downfall are the shifting to the debt market and the pressure of bad loans on banks.

The slacking of the loan industry is because of the PSBs which have brought down their vulnerability among the corporates. Simply following the segment of home loans in India is the segment of credit cards which is the second-fastest with 20% CAGR. Even with this, they just comprise 1% of the bank credit. Specialists say this is because of the way that as Indians, we have a habit of getting ‘bill-free’ by the month-end.

If we look at the services sector, the main driving forces for credit growth have been loans for trade, professional services, and non-banking finance companies.

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Benefits Of Home Loan Which Taxpayers Should Never Miss Out

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Team iPropUnited
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Benefits Of Home Loan Which Taxpayers Should Never Miss Out

The Union Budget 2017 has been all the talk of the town since the time it came out. The taxpayers got a few benefits and detriments. On one hand, section 80E was presented gain, and the holding time frame was likewise reduced which made the taxpayers delighted. While on the other hand, individuals who used to claim losses on the let-out property were disheartened.

All those people who have a second home or are planning to buy a new home, should know the rules properly so that they do not miss out on the benefits:

If the property is sold before 5 years, there’s a reversal of principal repayment tax benefit

Although the finance minister has lowered the holding period to just 24 months for the property to come under long-term capital gains, but if the house is sold in 5 years from the date of buying, the reversal of tax benefit takes place.

The amount of deduction which he has claimed will be included back in the taxpayer’s income of that particular year in which he is selling the property.

But, the computation of loan repayment is done in such a way that the lower elements of repayment lie in the early years and the rule of tax benefit getting reversed is applicable to Section 80C.

Tax benefit can be claimed on interest paid even after a skipped EMI

According to the section 24, if an EMI is missed in a year, the tax benefit can still be claimed on it. Till the interest liability is alive, the benefit can be claimed.

The copy of interest certificate should be kept safely, which is issued by the lender, mentioning very clearly the loan amount and interest etc. as it will clarify and explain any questions raised by the tax department.

The deduction of principal repayment under Section 80C will only be applied to genuine repayments.

Interest on Pre-construction period can be claimed for 5 years

While the construction of a house is going on, interest paid on the lending will qualify to get tax relief when the Occupation Certificate is received. Interest paid can be claimed as a tax deduction in the phase of construction in five equated installments initiating from the year of completion of the property.

When the returns are being filed for the Annual Year 2017-18, the limit of the self-occupied property is restricted at Rs.2 lakh, while there is no limit on let out property. The union budget of 2017 has eliminated this rule and the let out property is also restricted at Rs.2 lakh.

Know the tax benefits on ready houses over under-construction houses

Tax break can be qualified only on the condition that the person is a co-owner and co-borrower

Even if you are paying the EMI, it is not mandatory that you will qualify for the tax break. Only if the property is in the joint name (you being one of them) and is financed by both the parties, both can claim the deduction on principal amount and interest payments. You can save tax when selling a house too.

Processing fee is deductible by tax

Many taxpayers have no knowledge about the fact that all the charges which are related to the loan like the prepayment charge and processing fee can be claimed for tax deduction. This is because these charges come under interest and thus are qualified as deduction against income from house property. Only penal charges do not fall under this category.

Introduction of the Section 80EE again

The section 80EE has been introduced again to give some relief to the buyers. The highest deduction has been reduced to Rs.1 lakh now.

But, this provision comes with certain terms and conditions which have to be fulfilled if you want to enjoy the deduction. These terms and conditions are:

  • The value of the loan should not be more than Rs.35 lakh and the value of the property should not be more than Rs.50 lakh.
    The sanctioning of the loan must be done by a financial institution, between 1st April 2016 and 31st March 2017.
  • The homebuyer should be a first time buyer.

Even the loans from friends and relatives also qualify for tax deduction

If you have borrowed the loan from relatives or friends to buy a house, then the deductions can be claimed on repayment of interest under Section 24.

A certificate would have to be obtained from the concerned friend or relative which will have all the necessary details like value of loan, interest payable and the specifications of the property for which the loan is borrowed.

But, this provision is applicable for only interest repayment. Benefits of tax cannot be claimed on the principal amount on the part of loan taken from friends and relatives.

Moreover, an NRI can also claim tax benefits while applying home loan in India.

After raids on a Gujarat group Rs 100 crore black income detected by IT department

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Team iPropUnited
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“…incriminating evidence in the form of documents, diary noting, and digital data showing earning of huge unaccounted income by the group and its investment in assets have been seized,” the CBDT said in a statement.

After raids on a Gujarat group Rs 100 crore black income detected by IT department After raids on a Gujarat group Rs 100 crore black income detected by IT department

The CBT (Central Board of Direct Taxes) said on Monday that after raiding a Gujarat company that was engaged in manufacturing chemicals and real estate found with 100 crores income. The Income Tax Department has detected this income of Rs 100 crore as unaccounted income.

On November 18 at more than 20 premises located in Vapi, Sarigam (Valsad district), Silvassa, and Mumbai the investigations were conducted.

The CBDT said in a statement that “…incriminating evidence in the form of documents, diary noting, and digital data showing earning of huge unaccounted income by the group and its investment in assets have been seized.”

“The evidence indicates evasion of taxable income by adopting various modus-operandi such as suppression of production, use of bogus purchase invoices without actual delivery of the goods to inflate purchases, availing of bogus GST credit, claim of bogus commission expenses, etc,” it said.

The CBDT (Central Board of Direct Taxes), which is responsible for framing policy for the tax department, said that as an aspect of immovable property transactions the group obtained unaccounted money.

The statement said, “All these have resulted in the generation of unaccounted cash.”

It was also disclosed that the taxman has seized documents related to cash transactions and investments in immovable properties and cash loans.

The CBDT said during the operation of raiding 2.5 crore cash and jewellery worth Rs 1 crore was seized while 16 bank accounts were frozen.

“A preliminary analysis of the documents/evidence unearthed during the search has indicated that estimation of unaccounted income is likely to be more than Rs 100 crore,” the statement said.

Tata Value Homes to invest Rs 600 crore in Eureka Park phase-2 project in Noida

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Team iPropUnited
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Tata Value Homes, a 100% subsidiary of Tata Housing, will invest Rs 600 crore to develop second phase of its Eureka Park project in Sector 150, Noida. The towers will comprise approximately 650 units of 3BHK.

Tata Value Homes to invest Rs 600 crore in Eureka Park phase-2 project in Noida

Sanjay Dutt, managing director & CEO, Tata Realty and Infrastructure said, “With Eureka Park Phase 2, we will be adding approximately 650 units of 3BHK to address the demands of the home buyers in the region. We would be investing around Rs. 600 crore for the development of this phase.”

The first phase of the project had over 850 apartments.

Tarun Mehrotra, Business Head, Business Head – North & East India, Tata Realty and Infrastructure said, “We are hopeful that phase 2 of Eureka Park will enhance the home buyers’ overall livability quotient.”

Along with contemporary amenities the project will also feature app-controlled automation to control smart home appliances, Keyless home entry through passcode at an added cost, Gazebos with Wi-Fi access along with RFID assisted parking, among others, the company said in a media release.

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Wadhwa Group is in talks with Japanese institutional investor Marubeni Corp for real estate investment platform

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Team iPropUnited
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Realty developer Wadhwa Group is eyeing redevelopment of old and dilapidated tenanted projects in India’s commercial capital as a growth opportunity for the company.

Wadhwa Group is in talks with Japanese institutional investor Marubeni Corp for real estate investment platform

Japanese institutional investor Marubeni Corp is in talks with realty developer Wadhwa Group to set up a dedicated platform to acquire new projects and redevelopment of residential societies in Mumbai.

For the execution of such redevelopment projects, this will be the first time that a global entity is looking to take financial exposure

Wadhwa Group and Marubeni partnershiped last year and signed an agreement for investing in the realty developer’s a nearly 1-million-sq-ft residential project, Atmosphere, in Mumbai’s Mulund suburb.

Top 5 Builders and their Leading Projects in Pune

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Team iPropUnited
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Every individual wants to secure their future, and the best way to do that is to get residential property in Pune. Pune is a fast-developing city in all of Maharashtra and is a significant IT hub. It offers loads of opportunities to the residents, which living experience much more comfortable and convenient. Pune is currently the most livable city according to the living index in 2018 initiated by the Ministry of Housing and Urban Affairs. It is a city that gives people the utmost satisfaction and grows their long term investments. Although location is considered an essential part of the property purchase, getting the best property from the top builders is equally necessary. Because the last one wants to worry about are repairs and extra costs.

An ideal builder is someone who not only offers the best but also answers all your queries. You must find the best builder whim you can connect well and listen to your dream home visions. Here are the top 10 builders in Pune that you should consider for your future living.

1) Godrej Properties

Godrej Properties from Godrej Group has become one of the leading companies in the real estate sector. It brings the philosophy of innovation, sustainability, and excellence to the real estate industry from Godrej Group. With the trust of 123 years, it aims to provide homes with cutting-edge designs and technology. The company has invested in commercial, residential and township projects that extend to nearly 11.89 million square meters spread across 12 cities.

Office Address: Unit No. 5C, 5th Floor, Godrej One, Pirojshanagar, Vikhroli East, Mumbai-400079.

Contact no: +91 22 6169 8500, +91 22 6169 8888

Leading Projects by Godrej Properties in Pune

  1. Godrej Hillside, Mahalunge, Pune

Godrej Hillside is your gateway to live peacefully with serene views. It is a newly launched apartment project located in Mahalunge, Pune that highlights the best living segment apartments offering space for a backyard garden.  Hillside enables you to live an elevated lifestyle where you get to enjoy privacy while getting to see the whole town from your balcony. With a grand art gallery entry lobby, it will surely lighten your mood. With its own green belt, Godrej Hillside has 400+ trees that will give you clean air free from all the pollution from the city. It has a dedicated vehicle-free zone, coupled with premium safety features which make sure; you don’t feel vulnerable in the community.

Godrej Hillside is a project that completes your ambition of a dream home. It has 2630sqm of the elevated clubhouse, 4 tier security systems, and access to 6 lanes Baner-Mahalunge Road, Hill Park with 5000+ trees, Heritage Riverwalk, and rental assurance of up to 20000.

The project is strategic located in a less populated location free from all city hustle. The surroundings have natural living vibes that cut all the noise from the city, turning your mood into calm and relaxing therapy.

Godrej Hillside location has excellent connectivity; it is located at the centre of Mahalunge, which is just off Maan Hi-Tech City near existing and upcoming communities, and just a few mins away from the massive Hinjewadi Rajiv Gandhi IT Park.

Godrej Hillside is currently under construction on a 4.3acres land. It has a total of 3 towers, and each tower has 23 floors structurally designed layout. With a total of 588 units, this township can hold a population of 3-4k citizens.

Configurations Carpet Area Price
1BHK+1T 396sqft 38.99lac
2BHK+2T 551sqft to 636sqft 59lac to 70lac
3BHK+3T 712sqft to 732sqft 76lac to 78lac

It is a work-friendly project with the inclusion of meeting pods, cafeteria, sleeping pods, high-speed internet, E-library, and vending machines that extends your work from home experience and lets you focus on your work.

Amenities at Godrej Hillside include a fully equipped clubhouse, landscaped gardens, gymnasium, swimming pool, recreation rooms, indoor gaming area, health centers, outdoor sports courts, children’s play area, Learning Areas, party hall, and meticulously planned with utmost importance to state-of-the-art 24/7 securities.

  1. Godrej Greens, Undri, Pune

Godrej Greens perfectly explains the definition of eco-friendly residential living. It is a community that gives you a fresh start every morning and fills you with warmth and inspiration towards a new beginning. Godrej Greens offers the best-situated apartments that seek to restore the balance between humans and nature. Certified under IGBC with Silver Pre-Certification, Godrej Greens enjoys the attention of Undri’s notable residential project. For a real estate investor, Godrej Greens presents an intriguing opportunity that will promise good returns in near future.

Godrej Greens is located in Undri Pune and has access to Katraj-Undri-Hadapsar Bypass road, Solapur-Pune Highway, Mumbai Highway, Bangalore-Pune Highway. Advanced medical centres, banks, social hubs, schools, colleges, are nearby and easy to access through public transport.

Godrej Greens has a total area of 10.55acres and is being constructed on a full scale. It features 7 towers each having 17 floors layout with a total of 1156units available for accommodation.

Configurations Carpet Area Price
2BHK 439sqft to 499sqft 45lac to 51lac
3BHK 617sqft to 772sqft 56.98lac to 74lac

Surrounded by beautiful greens and an unpolluted atmosphere, the residents can start a new hygienic lifestyle the moment they step into Godrej Greens. Each apartment is designed to create an unmatched living experience. The magnificent entrance, well-planted trees and greens will give you a feeling of living in a paradise.

Modern amenities provided by Godrej Greens are another plus for residents who want comfort and convenience. Amenities at Godrej Greens include a clubhouse, landscaped gardens, gymnasium, swimming pool, recreation rooms, indoor gaming area, outdoor sports courts, child play area are available here to keep you entertained and fresh all day long.

The advantage of living in the Godrej Greens is the importance given to safety and security both within their homes and the community. All homes are equipped with video door phones, gas leak detectors, fire alarms, and a public address system receiver.

2) Kolte Patil Developers

Established in 1991, Kolte Patil Developers is a leading real estate developer in Pune. It has been creating landmark projects for nearly 3 decades and has developed over 50 projects, including residential, commercial, and IT Parks with a total saleable area of 20 million square feet in Pune, Mumbai, and Bengaluru. With established trust, the company is famous for creating high-quality homes with uniqueness and transparency. Headed by Rajesh Patil (MD), the company creates spaces that are present-perfect and future-proof, blend well with the surroundings, and exude vitality and aesthetic appeal.

 Office Address: 8th floor, City Bay, Dhole Patil Road, Pune-411001, India.

Contact no: +91-20-6622 6500, +91-20- 6622 66511

Leading Projects by Kolte Patil Developers in Pune

  1. Kolte Patil Life Republic 6th Avenue, Hinjewadi, Pune

The Life Republic project of Kolte-Patil Developer stands out among the competitors specifically when someone mentions townships. As Pune is now a hub for Information Technology, the growth has given an opportunity to developers to invest in large scale projects such as Life Republic.

It is located in Marunji (Hinjewadi) which is a major hub of Information Technology. It provides multiple route options and enables access to the Mumbai-Pune Expressway, which is an added advantage for residents.

Major industrial, IT hubs of Chakan, Talegao, Akurdi and city centre Shivajinagar (all between 18-28kms) are accessible from this magnificent township. Private transport is also feasible as these locations are connected through major roads.

The township vests in a lush green surrounding with Sahayadri hills all around which lets you enjoy the countryside away from the hustle and bustle of the city. A central avenue of a 5 km radius is a focal point for all internal roads of the complex. Schools like Loyola, St.Joseph and Orchid are at a distance with hourly public transport connectivity.

The township has numerous amenities like a swimming pool, multi-functional gym, gazebo covered walkways, party hall, tennis court and clubhouse.

Life Republic is ready to move reducing the hassle of late possession. It features 2 Buildings with a total of 504 apartment units for accommodation.

Configuration Area Price
1BHK 451 – 457 sq ft 44lac

The location of Life Republic being close to the major IT hub with an environmentally sound atmosphere, the township is sure to seek property appreciation. Enhanced connectivity by public transport, increasing amenities and expansion of the city towards this area are added benefits for property appreciation.

Urban forestry, Botanical Garden, High-street, Promenade, Lakefront development, Medical care centre, Organic farming are some of the future upcoming features of Life Republic.

  1. Kolte Patil Centria, Undri, Pune

Owning a home that fulfils your dream and necessities is difficult to find. However, Kolte Patil Centria can be a great option for your ideal residential living. Located in the midst of nature, Centria offers you the unmatched luxury and comfort that no other project can give. Centria is just the right place for you and your loved ones. With the modern apartment layout and world-class amenities, this project offers smart space utilization, ample sunlight, cross ventilation, and an artificial lawn garden that provide a comfortable living experience.

Located in Undri, the most promising location and considered to be the most promising location for real estate projects. This edifice of Kolte Patil builder is neighbourhood to many IT Parks like SP Infocity, Kumar Pebble Park, Ravi Park, Cybercity and Panchsil Quadra. Centria project is also close to Mumbai Highway – NH 4, Pune Highway – NH 9, Pune Junction, the airport and the Mumbai Pune bypass. Undri has excellent connectivity to Hadapsar, IT Park in Phursungi, NIBM Annexe, MG Road, Wanowrie, Lulla Nagar, Bibvewadi, Fatima Nagar, Katraj- Bypass and Road.

Kolte Patil Centria is scattered over 1.48acres and is a part of the famous hills and dalls project. It is a two-tower project which has 13 floors in each building with a capacity of 156 units. Surrounded by lush greenery and sprawling views, it takes residents away from all the hustle and bustle of the city.

Configuration Size Price
3BHK 1045sqft to 1142sqft 99lac to 1.34cr

This residential project is filled with facilities that includes Basketball, Rain Water Harvesting, Video Door Phones, CCTV, Intercom Facility, swimming pool, Gymnasium, Wi-fi facility, Pavilion for meditation, Covered Parking area, Open parking lobby, community hall, landscaped gardens, Library, Tennis Court,  for residents and more.

3) Lodha Group

Lodha Group is one of the multinational real estate developers and is considered a well-known brand in the real estate market. Established in 1980, it has managed to be top in the real estate market by developing cutting edge projects like Trump Tower. The company aims to create projects that meet global standards and last decades. Every of their project is developed to deliver the highest level of modern layout and quality. With years of experience and skills, Lodha Group is famous for delivering its project on time without compromising the quality. It has constructed various projects from residential to retail and office spaces. With this success in the market, Lodha has gained trust and appreciation from the people. Since its establishment, Lodha Group has managed to develop 43million square feet in India.

Office Address: LODHA Excelus Building, Apollo Mills Compound NM Joshi Marg, Mahalaxmi, Mumbai – 400011

Contact no: +91 (22) 2302 4400, +91 (22) 6716 1111

Leading Projects by Lodha Group in Pune

  1. Lodha Belmondo, Pune-Mumbai Highway, Pune

Developed on 100 acres of sprawling green land, Lodha Belmondo is a great choice for a weekend home. Lodha Belmondo redefines the holiday home experience for you and your loved ones. Set in the lap of nature far from the crowd, it delivers the comforts that define the ideal global lifestyle. Located on Pune-Mumbai Highway, it offers the perfect weekend getaway to Mumbai and Pune residents. Being only 2 hours away from Mumbai and 20 minutes to Lonavla, it gives the best connectivity to new home-seekers. Designed by former world champion Greg Norman, it has a nine-hole golf course that has both putting and chipping greens.

The strategic location within 10 min from both Hinjawadi India’s largest IT hotspot and Pimpri, India’s largest automotive belt, and with connectivity to the Mumbai-Pune Expressway makes it highly attractive for investors. It provides the experience of serenity and peace without having to compromise on the benefits of a city life.

Lodha Belmondo is spread across 100acres of land with 90% of open space of the sprawling green landscape. The township features 25 magnificent towers with each having 25 storeys in their layout. It has a total of 2187 units available for accommodation with an immediate possession opportunity.

Configuration Size Price List
1BHK 493sqft to 495sqft 54.55lac
2BHK 810sqft to 1315sqft 72lac
3BHK 1195sqft to 1770sqft 1.32cr
4BHK 1660sqft to 2088sqft 1.48cr
1RK 493sqft 55lac

Lodha Belmondo defines luxury in its way by providing industry-leading amenities to the residents. The major features of this project is its 45acre golf course bordered by a river, 50k sqft clubhouse, 1000m long riverside promenade, cricket ground, Olympic size gym, dedicated organic farm, 30-seater private theatre, and world-class 10k sqft of Spa Facility. Besides these luxurious features, it also has Library, gourmet restaurant, indoor 5 senses kids activity area, multipurpose court, and private concierge service for VIP persons.

  1. Lodha Springwood, Gahunje, Pune

Homes are of great importance to everyone, and getting the right one that suits your needs and is budget-friendly always going to be difficult. However, Lodha Group presents Lodha Springwood that is not only affordable but also offers a load of features for your comfort and convenience. Located in Gahunje, Lodha Springwood provides the best access to nearby landmarks and public transportation services. Springwood is surrounded by a beautifully landscaped garden offering fresh air to the residents. The apartment is spacious, full of lights, and cross-ventilated, giving you a calming experience whenever you enter your apartment.

Due to its strategic location, the community enjoys connectivity to the railway station, metro station, and bus stop, and is also considered to be the most happening place in the city.

Being located in Gahunje, it is the most sought after neighbourhood of Pune that has good facilities like an educational system and equitable hospitals with civic infrastructure. It is a developing hub in Mawal Taluka in Pune and is located hardly at a distance of 95km from Mumbai. The location is within close proximity to Begdewadi Railway Station at a distance of 2.4 KM, Dehu Road Railway Station is approximately 4.4 KM, and Hadapsar Airport is at 33.8 KM. Schools like BK Birla Centre for Education, St Jude School are close to the location.

Spread across 1acres of land, Lodha Springwood has 1 structurally designed tower that has a total of 184units for accommodation. It is ready to move project that combines solace and style to give a modern outlook.

Configuration Size Price
1BHK 684sqft 40lac

 

The layout of the apartments is designed in a way that offers wide space and proper ventilation to every corner of the house. The interiors are designed beautifully with a designer tiled floor, top-notch sanitary fitting in the bathroom and a huge window to get maximum sunlight.

The amenities offered are 24Hrs Water Supply, 24Hrs Backup Electricity, CCTV Cameras, Club House, Covered Car Parking, Fire Safety, Intercom, Jogging Track, Landscaped Garden, Lift, Open Parking, Play Area and Security Personnel. These features ensure a comfortable and calming experience.

4) Pristine Properties

 Established in 1988, Pristine Properties has done some remarkable work in the past 3 decades. Now, it is a company that gives focus to smart projects like gated communities, modern residential spaces, hospitality projects, and warehousing facilities offering state of amenities and innovations to eco-friendly living. Pristine Properties has developed 5 million sq. ft. of land through various projects to ensure the ideal combination of lifestyle and comfort to residents. Being ardent support of the environment, it has equipped houses with facilities such as rainwater harvesting, vermicomposting, and water recycling.

Office Address: 501/502, Fortune House, Prabhat Road, Erandwane, Pune- 411004

Contact no: +91- 20 41003100

 Leading Projects by Pristine Properties in Pune

  1. Pristine City, Bakori Wagholi, Pune

Everyone always dream a living that give them ultimate peace and satisfaction. Pristine city in Wagholi fulfills that dream and turn it into reality by offering homes that not only giving seamless experience but also simple living. These homes are the definition of comfort and luxury, and provide everything that one may need to raise their lifestyle. It Is a township of 1 & 2BHK homes that gives peace, serenity, and unmatched ease of living. Pristine City is one of the top projects of Pristine Properties that isn’t just created to improve quality of life; it is developed to provide best investment opportunity to the home seekers.

No doubt, Pristine City offers more than just regular residences; these homes have advantage of community living. The project is created to provide perfect environment that promotes collective belonging and acceptance. These apartments collect intimate moments with loved ones and help residents cherish them for long time.

Being located in Wagholi, Pristine City enjoys the close proximity to major roads and landmarks providing greater accessibility to the residents. It is only 8km to Pune-Ahmednagar Highway and 35minutes drives to Pune Airport. Schools like Lexicon, Holy Spirit International, Ashram School, and many more are nearby to the township with accessibility to bus services. To keep you and your loved ones healthy, township is also close to health facilities like Matoshree Hospital, Lifeline Hospital, and Vighnaharta Hospital.

Pristine City is a vast ready to move project which is spread over 20acres with a total of 20 towers each having 11 storey structures.

Configuration Size Price
1BHK 365sqf to 422sqft 20-24lac
2BHK 540sqft to 564sqft 25-39lac

Pristine City creates sensible living experience by providing amenities like Child’s play, Lawn, Gazebo, Acupressure Park, Rain Water Harvesting, Swimming Pool, Cycling Track, and Landscaped Garden. The new building infrastructure is a true example of self content complex that is created beautifully and cater all residents needs.

  1. Pristine Greens, Moshi, Pune

The real estate industry is vast, and finding the right home that caters to all your needs is a challenge, especially in a city like Pune. However, Pristine properties bring a promising proposition that can clear all your doubts. The company present its newly launched project Pristine Green in Moshi, a fast-growing property hotspot. The project is perfect for a lifestyle upgrade, and give ultimate comfort to the residents. It has upscaled homes with large rooms containing eye-pleasing designs. Getting a home here gives you smart connectivity to essential destinations and city that is bustling with growth.

Moshi in Pune is a strategically ideal location for residents that not only offers connectivity to nearby places but is also surrounded by lush greenery and clean air. The project is just 7km to Mumbai-Pune old highway and 20km from Mumbai-Pune Expressway. Facilities like grocery and ATM machines are just 300m away and with the nearest hospital just 1km from the property location. Symbiosis Internation School, The Orchid School, and Wisdom World School are some of the top school facilities close to the project. Moshi is no different when it comes to enjoying the benefits of well-laid roads, planned layouts, and regular water and electricity supply.

Pristine Greens has a 6-star CRISIL rating and won the best lifestyle Project 2018 by Times Realty. Spread over 9acres, the project has 9 towers each having 14 floors offering luxurious apartments and studio apartments.

Configuration Floor Size Price
1BHK 263 to 360sqft 30lac to 42lac
1.5BHK 472sqft 43lac
2BHK 487 to 544sqft 45lac to 50lac
2.5BHK 614 to 653sqft 56lac to 60lac
3BHK 749lac 65lac

Pristine Greens has seamless amenities that can make your living here fun as well as calming. The living here will give you access to clubhouse, gymnasium, swimming pool, multipurpose hall, green landscape garden, amphitheatre, and child’s play area, and half basketball practice court. These features will surely add fun to your living, and gives you and your loved ones a calming experience.

5) Tata Realty and Infrastructure Limited

Established in 1984, TATA Housing has always been a top player in the Indian real estate market with its promising projects all over India. TATA gives attention to world living conditions that are affordable for a mid-income segment family. Their approach is to provide the most features at a price that is acceptable to all. Their motto is “leadership with trust” that most often reflect in their projects. The company’s covers various real estate aspects from land identification and acquisition to project planning, designing, marketing, property services and estate management. The TATA housing builds projects that instantly become a landmark in the area. The company has diversified projects of more than 70 million sq.ft. under various stages of construction.

Office Address: E Block, Voltas Compound, T B Kadam Marg, Chinchpokli, Mumbai – 400033

Contact no.: +91 22 6661 4444

Leading Project by TATA Realty and Infrastructure Limited

  1. TATA La Montana, Talegaon, Pune

Talegaon, which is a satellite town of Pune, has seen steady growth in residential real estate activity over the years. Most developers have been focusing on this area due to the increasing number of professionals residing in nearby areas like Talegaon, MIDC Chinchwad, and even Pimpri-Chinchwad. Due to its growing connectivity, Tata housing presents La Montana, a Spanish themed township that adds style, aesthetics, and beauty to modern homes in Talegaon. This beautiful township is IGBC gold pre-certified, making it a legit luxury project in the area.  With its Spanish Mediterranean architecture, La Montana is truly a marvel in Talegaon.

Located near Talegaon in the Pune region, La Montana is in close proximity to Mumbai-Pune-Bangalore highway NH4 and is perfectly between the towns of Talegaon and Vadgaon. In the foothills of Sahyadri Hils, La Montana provides a scenic view with fresh air to breathe. During the monsoon, the beauty of the location comes alive with small waterfalls and surrounding lush greenery. The Talegaon-Chakan road provides connectivity to the nearby industrial centres of MIDC Talegaon and MIDC Chakan, which host big manufacturing firms such as L&T, Posco, General Motors, Tata Motors and Volkswagen. Hinjewadi’s IT hub is accessible via a network of connecting roads from Talegaon. Vadgaon Railway Station is 2.5kms away, Talegaon Railway Station is 4kms away while Pune Airport is 38.5kms away.

La Montana is spread over an area of 20acres that has a total of 18 towers with each having 15 floors structure layout.

Configurations Apartment Size Price
1.5BHK 38.05 – 41.65 sq. m. 45lakh
2BHK 58 sq. m. 61lac

La Montana has a variety of clubhouses that are designed to cater to different lifestyle needs. These include a gym, a sauna, and an indoor games room. There is also a Jacuzzi, a multipurpose hall for community activities as well as a vehicle-free zone between buildings, which offer dedicated kids play areas, and beautifully laid-out landscaped gardens.

Some of the prominent builders in Pune, who have made a huge impact on the city’s real estate market, are listed above. However, there are also a number of other builders who have been contributing to the growth of the city through a unique construction approach, project management, and luxurious amenities.

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Realty Shares Update: At Mix Note; 5% Hop in Indiabulls RE

By
Team iPropUnited
-

realty-shares-update

Today’s scenario is that the realty shares are running on a mix notes. Where Indiabulls has hopped the market with rise in 5.45 per cent, shares of Phoneix mills witnesses the rise of merely 2.96 per cent. On the other hand, trading with small profits are the Brigade Enterprises with 0.84 per cent shares rise and Godrej Properties with 0.55 per cent shares rise.

Falling down in the shares market and trading in red are the following realty leaders –

DLF is facing loss with 1.50 per cent of shares downfall while Mahindra Life space Developers is face 1.44 per cent downfall. Prestige Estates shares are down with 0.74 per cent and that of Sunteck Realty is down with 0.55 per cent.

Trading 0.12 per cent shares up, the Nifty Realty is at 249.45 in the morning.

Down with 2.56 points- Benchmark NSE Nifty50 index was trading at 11,154.50 points while BSE Sensex was trading at 37,104.67 after witnessing the downfall of 10.23 points.

Total number of stocks trading in green and red out of 50 stocks in Nifty Index were 26 and 24, respectively.

Most traded shares on the NSE are – Yes Bank, Vodafone Idea, Tata Motors,, SAIL, Sun Pharma, Jeweller, Motherson, ZEEL, DHFL and Dish TV.

Guide To Real Estate Marketing

    By
    Team iPropUnited
    -

    2017-06-01Marketing is one of the most effective ways one can get a business rolling. When marketing meets Real Estate, the result is more fruitful. Real Estate Marketing can be done in the five best ways.

    • Market through the best marketing tool and that is you
    • Network marketing
    • Market through online portals
    • Direct Mail Marketing
    • Unique Marketing Funnel

    Market through you
    People generally tend to forget and accept that fact that there is nothing as great as marketing through the person in you. Remember, you are a brand for your products and services and buyers need to identify your name with the products and services that you have for the consumers or buyers. When you are marketing yourself, remember not to over promise. This is the biggest mistake real estate marketers do. Represent who you are with a touch of professionalism and knowledge on the domain. People will automatically start trusting you and the brand you have recently created. Being honest is the only way you will climb the ladder of success. If any day, you are caught being fake and misrepresenting, the day will not be far when people will start losing trust and the business you were planning to start shatters.

    Get honest, get real and get presenting what you can offer in the best possible manner rather than representing a false story. Maintain your integrity in any situation and also the professionalism that people crave to see in the Master of Real Estate.

    Rightly quoted by Douglas Thomas, “To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity”.

    Network Marketing
    This aspect of marketing has been touched upon by many of the Real Estate Gurus. If you have a good network, nothing can come your way. When you are networking, you are thinking about it in every interaction you have with people. It is through networking that people get to know each other and form groups of a common interest in various platforms.

    Some of the places where you can network with people are clubs, office dinner parties, club houses, wedding, anniversary and much more. A good marketer is known for the networking skills and that differentiates the person from other marketers. What can work as icing on the cake is leaving a business card or official card with your company details and your personal details on it.

    Trust me! Many people have been proved to have contacted people a few months after the last meeting and that closes in a deal. That’s the impact one can have with a valued networking. It can also be termed as “metworking”.

    Marketing through Online Portals
    Online portals are getting quite popular with the growing demand of social media. Make yourself available on various social media platforms or professional platforms with common interest. Engage in various question answers that can make you and your business be visible to the rest of the world. You can try these options for a better online marketing.

    •Owning a website with every detail that a customer would like to know
    •Social Media presence can be of immense help. Facebook, Twitter, Instagram, LinkedIn, Google Plus and much more
    •Start blogging and attract traffic. With more traffic, you get more business

    Many people have taken to creating ads on social media. It is not complicated. Even you can do this.

    You can choose Facebook ads or Instagram ads with a nominal charge for your purpose and choose your audience for the ad to be displayed.

    You can also opt for Pay per Click ads. With any of the advertisement methods, ensure that you have a title and the first tag line that creates the best impact ever.

    Marketing Funnel
    This is another important method of marketing where you have customized plans for a better running of your business. The respond initially can be disappointing but that’s for the initial phase. Ensure to tweak with every step of the funnel. Keep a close track on the funnel you have designed. This way you will have a better perspective on what needs to be done and what can be avoided.

    Direct Mail Marketing
    The name itself suggests that it is direct marketing. This process gets your product mails delivered to the person or company directly. Many do find it as an aggressive marketing stunt but don’t worry as long as the purpose is heard and felt by the audience, you are doing it right. Your ultimate goal is to get more people reading it and act on it rather than react. Give an attractive title to the email and a subject line that’s catchy. Don’t you read an email that has a subject line that is luring? The same applies here. You can also send letters to the mailbox with a short note. Mailboxes are checked frequently and I am sure if you have a good note sent, people will respond.

    The audience you send your mails to should be checked and listed first. You can’t send it to a non-perspective target. Know your audiences well before you send direct mails.

    10 Critical Steps You Must Consider Before You Invest In Indian Real Estate

      By
      Team iPropUnited
      -

      realestatesmarketIndian Real Estate is a booming industry and everyone is trying his or her hands on investing in it. The growing demand and profitability in the long run that one expects from real estate is lucrative and therefore a majority of the population is diving into the option that is both luring and rewarding if taken the right measures. There are ten steps to be considered before one invests in Indian Real Estate. Each one should be followed religiously.

      10 Critical Steps before investing in Indian Real Estate
      1.Know what you want: Only saying that “I want to invest in Real Estate” isn’t enough for a rewarding future. You need to have a better understanding of what type of investment you are looking for rather than just drooling over. If this is the step you are looking forward to, start saving capital for a bigger investment.

      2.Plan: There is nothing better than planning. Ensure to have a full proof plan that for investment that has no loophole.

      3.Document the Partnership: If it is a partnership venture, documenting every detail of partnership is important and will eradicate the complications that may come your way in the long run.

      4.License: Licensing is an important aspect of getting into real estate investment so that more can be learned and acquired of the business for a better running of the business. With this license, even people with no experience in any form of business can learn about real estate and start investing into it.

      5.Official Announcement: Devising a business plan and getting it known by the people is important. After planning everything, making the firm official with a name registered and trademarked can be fruitful.

      6.Add people: A business can’t flourish without people added to it. More and more people with a common goal can help you reach the goal faster than ever. But this doesn’t mean anyone should be counted. Only those who can be banked upon should be considered to be your team.

      7.A loan that is secured: Getting a loan from a bank that is transparent and willing to lend you money is a great idea. There are other terms and conditions attached. You need to read those carefully and take the right steps. You need to have all the documents ready and a good credibility for better loan options. Try and apply in most of the banks. This way you will have more probability of getting loan sanctioned.

      8.Know the Market: There can’t exist a business without your knowledge that is an expert’s knowledge. An overview is not enough. You need to have an in-depth knowledge of the real estate market and that comes with meeting more people involved in Real Estate and attending meetings and conferences pertaining to property.

      9.Networking: Networking is one of the best ways to attract people towards you and makes you noticed. If you network well, you get better options. More people will approach you and get you projects that you had been waiting for. Every business runs on this mantra of Networking.

      10.Start Selling: Once you have planned out everything perfectly and made a circle that trusts you in the field of Real Estate, you can start your first project and advertise it. This way you will have more people talking about you. All said and done, you are on your way to a grand success that you have written.

      Real Estate is subject to risks and unpredictability. This shouldn’t demotivate you from investing as with more risk comes more confidence. With more confidence comes more investment. As you start investing, you know more about the sector that you had known while you were a spectator.

      A true Real Estate investor should have a proper balance of mind and action. You should be alert in every step you take and keep your ears open to every news you hear about real estate. This way, there is no way anything can stand on the way to real estate investment.

      Indian Real Estate is definitely booming for those who are interested and positive about the returns. Real Estate is one of the most sought after investments that one can try in near future.

      Know Reasons Why Your Bank Rejected Your Home Loan Applications

      By
      Team iPropUnited
      -

      home loan application rejectedWhile the young generation today constantly aspires buying their own homes, the need for funds has also increased. People are seeking to avail home loans to fund almost all their property purchases. But sometimes, there are various reasons which can cause the rejection of your home loans or an approval at a lower amount or excessive delays.

      Not So Good Credit History
      The biggest reason for the rejection of home loans application is a bad credit score. Bad credit history could be a result of pure ignorance because bureaus like CIBIL have recently become popular and earlier people were not at all aware about them. They did not even know the importance of maintaining a good credit history/score. Your credit history may not be very good because of reasons like delay or failure in payments of EMIs or payment of credit card amount.

      Another reason for credit history being adversely affected is if the lender waived off any portion of the money borrowed by you during the settlement process and the account was closed. However, continuous delays in payment of EMIs may negatively affect the credit score but if it happens just once in a while, you don’t need to worry. If your application had to face rejection because your credit score was low, then chances are that you will not be sanctioned a loan. Things can be only be different if the lender shares a personal rapport with you and knows the circumstances which caused the delays in payments.

      Constant Income Flow, Payment Of Income Tax And Character Of Income
      If you are into a business or profession where regular income is fixed, the lender will probably not favour your loan application. Similarly, if your sources of income are like cooking, tuition, catering etc. then also the lender may be reluctant as these sources are not considered very reliable.

      Although, if your savings and incomes are supported by genuine investments, it may help you as the lender will consider all of those.

      Another reason for loan application getting rejected by the lender is the salary which you receive in cash is not supported by proof like TDS and PF deductions. If your filing of income tax returns is within a short time period, then also the lender will get suspicious as he will think that returns were filed just to avail the loan.

      Borrower’s Age and Condition of the Property
      All the lenders always want the assurance of their loans being properly serviced. A constant flow of income ensures that. Therefore, if you have applied for a loan while your retirement is nearing, your application of loan may get rejected.

      It is a misconception among the people that banks do not approve loan applications for properties that are present in old buildings. There is no such criterion like this. But, if the remaining life of the property calculated by the bank is only a few years or even if the present condition of the property is not good, then lender will show reluctance to grant the loan.

      Current Liabilities
      If at present, you have other loans also for which you are already paying EMIs, then your chances of availing a loan may get reduced. The lender will come to know about all the current loans through your bank statements submitted to him or CIBIL Report.

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