Real Estate Surat

Surat is a second largest town in the state of Gujarat. it’s the eighth largest town in India. Surat is  also the third cleanest town of India according to the Ministry of Urban Development  & fourth fastest  growing town in the world.

The city is located  284 kilometres south of the capital Gandhinagar, 265 kilometres south of Ahmedabad, and 289 kilometres north of Mumbai.

Recently Surat is listed in Indias Top  smart cities.

Connectivity.

It will well connected with the National Highways.

NH -6* ( Gujrath – West Bengal )  start at Surat and connects cities Surat, Nagpur,Raipur,  Mahasamund, Kharagpur, Sambalpur & Kolkata.

NH 8*  (Delhi – Mumbai) one of the busiest highway in the country   is passing throughGurgaon, Jaipur, Ajmer,Udaipur, Ahemdabad, Vadodara Surat & Mumbai.

The Domestic airport at Magdalla, connectivity with Delhi, Mumbai, Hyderabad, Jaipur, Goa, Ahmedabad, & Rajkot..

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Real Estate In Jaipur | Properties In Jaipur

Known as “Pink City” Jaipur is the capital of Rajasthan. Jaipur is one of the popular tourist destinations in India. Tourist attractions in Jaipur includes Hawa Mahal, Jal Mahal, City Palace, Amer Fort, Jantar Mantar, Nahargarh Fort, Jaigarh Fort, Galtaji, Govind Dev Ji Temple, Garh Ganesh Temple, Sri Kali Temple, Birla Mandir, Sanganeri Gate and the Jaipur Zoo.

There are nearby tourist places Jodhpur, Jaisalmer, Udaipur, Mount Abu. which are connected through Jaipur.

Recently Jaipur is included in Indias Top 20 smart cities..

Sawai Mansingh Stadium, is the main cricket stadium in the city which has served National and International cricket matches.

Located 260 Km from Delhi (NCR), Jaipur is located on National Highway No.8 connecting Delhi and Mumbai. Which connects major cities like Gurgaon, Jaipur, Ajmer, Udaipur ,Ahmedabad, Vadodara & Surat.

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Real Estate Regulatory Act 2016| RERA

The  Housing Ministry  has  asked to  implement RERA ( Real Estate Regulatory Act)  to all states  from 1st May 2017, Till  date  11 states and  UT’s have so far notified the rules. The states that have notified the rules are Uttar Pradesh, Rajasthan, Uttarakhand, Kerala, Haryana, Gujarat, Odisha, Andhra Pradesh, Maharasthra, Madhya Pradesh and Bihar.

The housing ministry had last year notified the rules for five UTs—Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli, Daman and Diu, and Lakshadweep, while the urban development ministry came out with such rules for the National Capital Region of Delhi .

The bill was passed last year  in both the houses of parliament, Now each of the state will have its own regulator and will have to come out with their own rules.

The major reason to establish RERA act is to ensure Transparency & efficiency in Real Estate Sector, &  protecting the interest of buyers.

Key Highlights Of  RERA.

The Real Estate Projects more than 500 Sq.mt. or  more than 8 apartment has to do registration with the authority before start Selling .

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Smart City Mission India | What is smart City?

On June 2015 PM Narendra Modi launched Smart city Mission to develop 100 cities all over the India.

The purpose of the Smart City Mission is to drive economic growth and improve the quality of life of people by local area development and technology . The objective is also to promote cities that provide core infrastructure and give a decent quality of life to its citizens, a clean and sustainable environment and application of ‘Smart’ Solutions.

The major challenges in this would be to turn slums into better planned ones, & improving living of the whole City. The area based development will be carried out by the way of City Improvement, City renewal, & City extension in which New areas to be developed around cities.

The mission is going to cover 100 cities & its duration will be five years. [2015 to 2020].

There are different stages in a selection of smart cities 1st stage is Intra state competition where state governments to shortlist potential smart cities according to the criteria of MoUD(Ministry of Urban Development) , on the basis of that the list of potential 100 smart cities is announced, on next stage each of potential smart city has to prepare a proposal, for which then evolution is done by panel of experts where selected cities would be declared as Round 1 smart cities, then selected cities to prepare SPV (special purpose vehicle) & start implementation of SCP( smart city proposal).& other cities get chance to improve their proposal for next round of the challenge.

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Real Estate In Talegaon | Properties In Talegaon

Located 120 km from Mumbai and 35 km from Pune. Talegaon (Dabhade) is a city in Mawal Taluka, Pune district. The local authority in the city is Muncipal Council. The city is situated on the Mumbai – Pune old highway and well connected through the Mumbai – Pune expressway. The city is surrounded by famous hillstation Lonavla,& Industrial area of Chakan.

Talegaon is well connected through rails for Pune Railway Station-Talegaon Suburban trains.  Talegaon railway station is well connected to Chhatrapati Shivaji Maharaj Terminus and Pune Railway Station via railways as well.

Known as biggest horticultural hub, flowers like tulips and orchids are export from here to international markets. Talegaon is also known as largest exporter for Poultry in Asia The poultry giant Venky’s is having biggest unit in Talegaon. Chakan MIDC is supported by Talegaon. Auto Giant like General Motors having there largest unit here, apart from this JCB, Audi, Volkswagen having also there set up .

International sports stadiums Sahara cricket club now known as Gahunje stadium ( sahara stadium) is also near from the Talegaon city.

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Get Ready For GST | What Is GST? | Good & Services tax

What is GST.

On Wednesday Loksabha gave approval for GST which is applicable from July 1 2017.(Good & Services tax)
Now what a common person will get from GST.

130 crore of population having 29 states & 7 union territories. Each state having different industries where some are having or some are not having industries.

Administration of India is divided in 3 types 1. Centre 2. State 3. Muncipal.
It is difficult to collect tax from each person so there are Indirect taxes through Industries, Shops, & Businessman. Centre puts a. Excise duty b. custom duty & c. services tax. State puts a. Vat b. Octroi & c. Entertainment . Where municipality puts different local taxes .

According to a survey transportation rate in India is 200 to 300 Km where it is 500 Km in other countries, because of the different tax structure in every state.

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Why To Invest In Land | Investment In Land

Whenever people get a call for buying a Land. There is question marks on their faces.
What to do with the land specially when it is vacant.
People think it is weakest investment because

1.It doesn’t produce income.
2.I don’t know more about the documents & how to  check it.
3. what to do with a Land.

We are giving certain reasons why one should go for a land.

You don’t need to do anything to a property.

Forget about construction/ renovation. You only need to know that whether it is suitable for 1st home in coming years or a weekend home. if you able to conclude of this your half battle is won.

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Real Estate- Union Budget 2017 India.

Finance Minister Mr. Arun Jaitley presented Union Budget on Wednesday,

Key highlights of the Real Estate & Infrastructure Sector.

The key area which got benefit is a affordable housing.

• Under the scheme for profit-linked income tax deduction for promotion of affordable housing, carpet area instead of built up area of 30 and 60 Sq.mtr. will be counted.
• The 30 Sq.mtr. limit will apply only in case of municipal limits of 4 metropolitan cities while for the rest of the country including in the peripheral areas of metros, limit of 60 Sq.mtr. will apply.
• For builders for whom constructed buildings are stock-in-trade, tax on notional rental income will only apply after one year of the end of the year in which completion certificate is received.

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