Pune

Maharashtra housing regulator extends deadline for projects due in April to Oct

In view of the devastating second Covid-19 wave, the Maharashtra Real Estate Regulatory Authority (MahaRera) has evoked the ‘force majeure (unforeseen circumstance)’ clause and extended the completion, revised extension, and extended completion dates of real estate projects that were due on or after April 15 by six months to October 14 In view of the devastating second Covid-19 wave, the Maharashtra...

Pune office spaces register increased uptake in Jan-June

PUNE: A report by real estate consultancy JLL has found that Pune was only one of the three markets nationally, along with Bengaluru and Kolkata, to buck the trend of faltering absorption of office space demand. Observers said IT and ITeS companies were driving the demand in the uptake, especially in Pune. The figures for the first half of 2021 (see box) also reveal a precipitous drop in absorption in...

All about serviced apartments

A serviced apartment is best suited for tourists or those who travel for work. Read on, to know more about the rentals, amenities, etc., in serviced apartments With business travels and ‘staycations’ on the rise, the use of serviced apartments has become common in India’s hospitality segment, mostly because these provide a range of services. New technology is making strides into the serviced...

Vastu tips for keeping bamboo plant at home

Bamboo plants, also known as lucky plants, attract wealth and positive energy to your office and home, according to Vastu Shastra and Feng Shui. We offer some tips on its placement, for maximum benefits Bamboo plants are considered very lucky and auspicious, according to Vastu Shastra, as well as Feng Shui. It is believed that keeping bamboo plants at home and in the office, brings good luck, wealth,...

10 home décor trends that will rule in 2021

Here is what will remain hot in the home décor world in 2021 After spending the majority of 2020 cocooned at home, it is time to freshen up the home with the 10 interior design trends likely to rule in 2021. It is a known fact that colours make us feel more positive. In 2021 one will see cheerful hues dominating the home. It could be a yellow or bright cherry accent wall, or bright floral sofa...

Real estate basics: What is a Leasehold property?

What exactly does ‘leasehold’ mean and what are the implications of buying a property, or building a house, on leasehold land? We explain. Leasehold refers to a property tenure, where one party buys the right to occupy the property for a given length of time (30 to 99 years). In a leasehold land, the authority (usually, a government agency) remains the owner of the land and gives the land to...

Vastu tips for positive energy at home

The energy flow in a house is greatly influenced by its construction and the décor in the house. We look at some simple ways in which homeowners can boost the positive energy in their homes Each one of us desires to live in a home that is comfortable, calming, and rejuvenates us. It is important to understand that the energy within a house, affects the people who occupy it. “One’s environment helps...

Tips to apply for a home loan after 45 years of age

Mentioned in this article are the tips to follow if you are applying for a home loan after the age of 45 years. Owning a home is a dream for every individual. Depending on the financial status, every family decides upon purchasing a house at some stage of their life. Some people happen to purchase a house during the early days of their career, i.e., between 20 and 30 years, while some people may...

How to calculate land value?

There are various methods used to attach a monetary value to a piece of land. Read on about some of the more widely used ones. The value of land in India, especially in urban regions, has grown exponentially over the past two decades, on the back of the terms like ‘land scarcity’ and ‘space crunch’. Such has been the demand for land that its values have continued to show appreciation, in spite...

Good news for home buyers: Pune’s real estate market sees Rs 850/sq ft price drop in last 5 years

Pune’s real estate market has seen a 17 percent price correction in the last five years, according to property consultant Knight Frank’s half-yearly (H1) real estate report published on Thursday. The report revealed that price per square feet (sq ft) in the region has corrected from Rs 4,860 in H1 2016 to the present levels of Rs 4,010 in H1 2021, a price drop of Rs 850 per sq ft This comes as...

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