REALESTATE

Strategically located off the Pune-Mumbai Expressway, Punawale has emerged as a flourishing real estate hotspot in West Pune.

The year 1999 saw the formation of the Confederation of Real Estate Developers' Associations of India (CREDAI). The mission of this association of real estate developers was - and remains - to implement self-regulation among developers, and ensure that all member builders work in a cooperative and well-planned manner.

• Of 24% respondents who have booked property in the last six months, 38% were NRIs. 67% NRIs are looking for ready-to-move-in options. 86% NRIs will buy properties from branded developers

The real estate industry is waiting with bated breath to see how the GST tax rate is applied to the real estate and construction industry

This tie-up will help Housing.com offer property management support to its clients looking for property management services ranging from renting/leasing to tenant background verification to the rental agreement and rent collection/bill payment.

PCMC needs no introduction. PCMC has seen significant real estate growth over the years, both in terms of demand and supply.

So - should you choose a higher or lower floor in a high-rise apartment project? The answer to this question will change according to the city, exact location, nature of the project, and the capabilities of its builder.

Studio apartments have traditionally been favoured by bachelors, students, newly married couples beginning their homeownership journey with a 'starter' home, and business travellers who frequently visit a city for work.

NCR has witnessed country’s highest unsold inventory figures at almost 1,70,000 units. Gurgaon’s contribution to this burden is only around 22,000 unsold units, but this is still uncomfortably high. Another source of worry is that almost 30% of this unsold inventory is under construction, and located in perfectly inhabitable sectors.

Affordable housing is a distant dream for the service class in Dubai having an average household income between 10,000-30,000 UAE. Given the cost of living, in this income, they can barely afford to pay a rent of Dh72,000 per annum and maybe buy a property worth Dh800,000. As a result, more and more people are moving away from the centre of the city and looking for affordable housing in the outskirts.

Pune is always growing and adding to its geographical spread, making it by far the largest and most vibrant real estate market in Maharashtra and beyond. Apart from these, there is a constant flow of investments coming in from other Maharashtrian cities like Nanded, Nasik, Sangli, Kolhapur, Nagpur, Jalgaon and Amravati. As a result, the Pune property market is extremely resistant to stagnation.

Mumbai’s residential real estate market continues to remain lack-lustre, and unsold stock is piling up. Currently, the inventory overhang in the MMR region stands at a staggering 30 months.