Real Estate In Pune Adds Value To Your Investment

Pune city, being one of the leading property markets today, is the hub of real estate development.  The real estate development in the city has reached new heights. 

Why Invest in Pune

• Many people come to Pune city in search of new opportunities due to the steady growth in sectors like education, IT, manufacturing units, etc. Hence, Pune city is chosen as a destination to relocate and settle down. 
• Increase in population is the key reason for the greater demand for real estate properties in and around Pune. 
• Real estate developers and builders have been monitoring constant growth for the need of properties and are also considering the future demand of residential properties in the city. 
• Recognized builders are also considering the nearby areas around Pune for constructing the residential projects. These areas are forecasted to develop in years to come as earlier areas like Ambegaon, Chakan, Hadapsar, Baner, Hinjewadi, Aundh, Wakad, Warje, Pargaon-Khandala, Talegaon, Kondhwa, etc. 
• The residential properties in Pune usually consist of 1, 2, 3BHK apartments or flats, duplex apartments, bungalows and row-houses. The new premium residential projects have come up with a new concept of 2.5, 3.5, 4 BHK and 5 BHK apartments. 
• The best place to consider for residential properties in Pune are the areas with close proximity to amenities like school, colleges, shopping malls, cinema halls, recreation centers like gymnasium and health spa, clubs, restaurants, hotels, etc.
• There is a huge demand for Pune properties including residential and commercial plans. People may buy residential properties considering it as an investment option and with the flourishing sectors of IT and education, commercial properties is ever in demand. 
• There is also a huge demand for residential properties on rent in Pune. People who come to Pune for work or for studies prefer to rent residential property. Hence, the overall growth of Pune Properties is seen mounting. 

B. U. Bhandari Landmarks considers all these factors while choosing the location for their projects. Our current projects include Alacrity in Baner, Unity Park in Knodhwa, Terranova in Pargaon Khandala in Shirwal, Belleza in Talegaon Kanhe and Scalade in Kharadi. 

Visit www.bubhandarilandmarks.com for more details. 

Positive Impact of Budget 2014 on Real Estate

The Union Budget 2014-15 was presented in parliament under economic circumstances requiring tax revenues to keep pace with targets. Mr. Arun Jaitley has given a fresh lease of life to the cash-strapped real estate sector and announced that Real Estate Investment Trusts (REITs) would soon be allowed.

                              

REITs, which are a fairly successful concept internationally, would get a tax pass-through status. Infrastructure Investment Trusts would get tax benefits as well.

Below are 5 key points from this Budget that’ll shape the industry in the years to come –

1): Introduction of Real estate Investment Trusts (REITs)

Ø  REITS Define as an investment instrument in the Indian Market and the finance minister has promised tax pass-through status for the same. REITs can be traded like shares in a share market. 

How will this Impact the real estate Sector?

The Tax through status for REITs will attract more investments into this sector especially since it removes double taxation. This would allow investors to plan their taxes in better way. For example, capital gains on REITs can be written off against capital losses incurred elsewhere. Builders can use REITs to fund and operate commercial offices and this move would enable small investors to invest in commercial real estate, in smaller chunks.

2): FDI in Real estate

What has been accomplished?

Previously, FDI was permitted only in real estate projects which had a lowest proposed developed area of 50,000 sq. mts. and a capitalization of $10 million. This has now been reduced to 20,000 sq. mts. and $million.

How will this Impact the real estate Sector?

This will increase liquidity and make raising capital for projects simpler for B and C category developers, builders, especially in Level 2 and 3 places. Because of this shift, we can anticipate more affordable houses in the market in Future. Developers or Builders who allocate a third of their projects to low cost homes are exempted from these rules.

3): Tax deductions on home loan repayment

What has been accomplished?

The tax relaxation available for home loan interest pay back has been increased to Rs.2 Lakhs from Rs. 1.5 Lakhs and the limit under 80c (which contains home loan principal repayment) has been increased to Rs.1.5 Lakhs from Rs. 1 Lakh.

How will this Impact the real estate Sector?

This helps consumers save more by investing in real estate. The move will enhance the residential real estate  market which has seen a downturn recently.

4):  Affordable housing

What has been accomplished?

Rs. 4000 Cr. has been allocated for affordable housing via the National Housing Board

How will this Impact the real estate Sector?

This is in line with the Governments vision of providing housing for everyone in the country by 2022. This move will help provide housing to lower middle class and economically weaker section of society.

5): Development of Smart Cities

Ø  The Government is aiming at providing global - standard cities and improving the overall infrastructure by constructing roads and other facilities. This will provide a more option for NRI’s to look beyond the cities and invest in locations nearer their home towns or quieter suburbs and satellite towns.

What has been accomplished?

Rs. 7060 Cr. Has been allocated towards development of smart cities.

How will this Impact the real estate Sector?

Development of 100 smart cities was part of the BJP’s manifesto. Urban Development minister Mr.Venkaiah Naidu had a meeting with ministers of various states about the same on 2^nd June, 2014. These will be planned cities across the country with GIS based town planning, integrated drainage systems and advanced transportation facilities. These new satellite cities would help the real estate sector in terms of employment through construction and betterment of infrastructure and providing affordable housing.

Author:

B.U.Bhandari Landmarks leading real estate developers in Pune and their upcoming construction projects in Pune are residential project - Unity Park in Kondwa and Alacrity in Baner, Commercial Project in Kharadi & Belleza  NA bungalow plots.

Projects in Pune Beeline towards Baner

Most Projects in Pune are attracting thousands of people to the city each year. Many people are permanently immigrating to the city or are looking to buy property just for investment. Property rates in Pune are rising constantly because Pune has been developing and expanding at a break-neck pace. This is attracting a lot of people who want to make a career and settle down in the city.

Pune is an ideal city to make a career in. The IT sector has a huge presence here, especially in the Hinjewadi area. Therefore, this area and other areas around are seeing rapid expansion. Many residential complexes are coming up in these areas. Big names in real estate have begun developing many premium residential complexes in the area.

The great thing about this development is that even the roads and other infrastructure in areas like Aundh, Baner and Pashan has developed substantially. Large concrete roads are being built and the residencial projects are being developed in an orderly fashion. Also, many businesses like multiplexes, shopping malls, food malls, restaurants, night clubs, bars, etc. have come up in the area. Therefore, people living in the area will find everything nearby.

Another reason why these areas are getting interest is that all these areas are directly connected to the Western Express Highway. This highway is one of the busiest highways in the country. Each year, millions of people shuttle between Mumbai and Pune. Hence, residential areas nearby have developed rapidly.

The Baner area has also developed quite a lot. Many high profile real estate developers are developing properties and selling flats in Baner. These residences here are beautiful and have wonderful amenities. One such great residential complex is being built by B.U. Bhandari. Alacrity is a swanky new project by them that is offering 2 & 3 BHK apartments. The complex is also stocked with the best amenities. 

Projects in Pune are perfect for people looking for swanky and modern apartments, and Baner area is the ideal location, as it is the most upcoming area in Pune.  

Builders in Pune Building Best Home Buying Options in the City

With drastic real estate developments that have taken place in Pune, buying flats in Pune has become a trend. Everyone wants to own a home in this city, either for living or for investment purpose. Pune city has been a hot home destination for many home buyers. This is because the city has pleasant climate, good education, great employment opportunities, fine infrastructure and easy connectivity to a city like Mumbai. Pune properties have flourished in many new, not so well known areas of the city which has made these localities the residential zones of Pune today. Many unknown suburbs are now coming up well with good projects, be it commercial or residential developments.

Real estate builders in Pune have changed the city to a best living place. It’s because of these real estate developers that new concepts of living have been introduced in Pune, thus changing the lifestyle of many. Once Baner was known as a suburb of Pune and see the locality today! It has turned out to be the most wanted residential area to live in. Easy connectivity to main city, neighboring localities that include happening places like Aundh and Shivajinagar, common amenities and facilities like schools, hospitals, gym, restaurants, retail outlets, etc., all of this is easily available in Baner, making it convenient to live in this hot locality of Pune. 

Premium housing projects like Alacrity is the latest property built by B. U. Bhandari Landmarks which is offering 2 BHK and 3 BHK spacious flats in Baner. These living spaces in Baner are well designed with lifestyle amenities that include a variety of options like landscaped garden, intercom facility, video door phone for each flat, community hall with gym, children’s play area, rain water harvesting and many more.    

Additionally, Baner is close to Rajiv Gandhi InfoTech Park located at Hinjewadi. Hence, the locality offers a perfect home for IT professionals working at this IT Park. Baner also connects to Mumbai Bangalore Highway, making it easy for travelers to commute effortlessly to other cities. Well designed flats, great amenities and a perfect and posh location makes Alacrity the best housing options for home buyers seeking a living space in Pune.