REALESTATE

Town Square is centrally located in New Dubai near Al Barsha, in easy proximity to popular malls as well as the Al Maktoum International Airport, which is less than 20 minutes away. It is picturesquely designed on the lines of trendy lifestyle centres that exude positivity and a vibrant outdoor lifestyle.

The Indian real estate industry is in doldrums. Real estate companies are trying to lure buyers with marketing schemes at just 10 percent down payment and no payouts till possession. In spite of all this there was a significant drop in the number of new launches, especially during the festive season.

The growth of cities is making it increasingly difficult for the poor to acquire property. The fact that slums are a result of poverty is partial truth. Slums are a product of bad governance, failed policies, inappropriate regulations, an unresponsive financial system, dysfunctional property market, corruption and a complete lack of political will.

As anticipated, affordable housing and rental housing got a big boost with the govt. extending the period for extra deduction of INR 1.5 lakh available for loans up to 31st March 2022.

Section 43CA of the IT Act states that developers or any other property sellers can be penalized for selling a property at prices lower than the Ready Reckoner rates, or circle rates or guidance value.

The latest twist to timeshares - a popular concept from the 1960s - fractional ownership gives a cost-effective option with a lot more bang for the buck.

Pune has a lot going for it - it has a strong industrial belt, is a major education hub and an important base for the armed forces, and is the second major IT destination of the country. In recent years, the Centre for American Entrepreneurship called it an ‘emerging global start-up hub.’

Approx. 20,350 units were sold in MMR in Q1 2021, of which 68% (approx. 13,750 units) were sold in Mumbai, 18% (approx. 3,650 units) in Navi Mumbai and 14% (approx. 2,950 units) in Thane.

Infrastructure like transportation, power, telecommunications, electricity, water, sanitation and proper disposal of waste, are all central to urban growth.

Urse is exactly at the midpoint between Pimpri-Chinchwad and Lonavala, with a short drive time of 20 minutes either way. Urse also serves as a connecting junction or bypass for the northeast-southeast corridors connecting the industrial areas of Chakan, Talegaon with Hinjawadi. The proposed Navi Mumbai International airport at Panvel is just 83 kms away from Urse.

Across the world, we are seeing one of the worst side-effects of unfettered urbanization - the deterioration of air quality. In India, cities like Delhi-NCR, Mumbai and Pune are notable examples of this.

Like Singapore's HDB, PMRDA was formed to create a better standard of living for citizens and also promote ease of business. Besides ensuring sustainable growth, another key objective of PMRDA is to build and develop PMR as one of the most preferred and attractive investment destinations.