The Rent Control Act regulates home leasing, and each state has its version of the law. Maharashtra Rent Control Act, 1999 replaces the Bombay Rent Control Act and covers the entire state. This act helps to maintain some of the real estate builders in Maharashtra. History: The first rent law in India was passed in 1915 during the Bombay Presidency and then again in 1939. The Bombay Rents, Hotel, and...
In the current real estate news in Pune, Metro rail launched to boost real estate in Pune, Maharashtra. It is good for connectivity and increases the business and value of real estate builders. Metro rail in Pune is a golden opportunity for builders to take advantage of growth. The Metro Rail launch in Pune is projected to increase real estate development in the city. The introduction of metro service is...
MahaRERA registration lapsed 388 projects in 2021 impacts 20,955 units; why and how does MahaRERA registration impact the real estate builders in Pune? Let’s cover all the facts behind it. MahaRERA registration has revealed a list of 407 projects throughout Maharashtra that 'lapsed' in 2021, including 388 residential and 19 commercial projects. According to ANAROCK Research's data analysis, the 388...
Let's pretend that everyone has a unique method to design the most unique houses of expressing themselves. Some are known for their artwork, while others are known for their music, writings, and the creation of unusual living spaces. Architects give it their all when it comes to designing homes that meet real estate property needs. However, specific clients come up with extraordinary home designs that...
Some real estate builders in India invest in many properties but firstly, we discussed the ‘Top 10 costliest houses in India’ in this blog. Some investments are lifetime investments, and these residences, built or purchased by India's most influential individuals, epitomize what it means to make a "lifetime investment." After all, none of these has been under a billion dollars. Next, we will tell you...
The Pune Municipal Corporation (PMC) is planning to come up with online property tax collection software, which will be accessible to the owners of nearly one lakh residential as well as commercial properties across the civic body’s areas soon. Let’s cover the PMC Gunthewari Scheme. One of the big advantages of the PMC’s proposed move is that property owners will now have to shell out the lesser...
The real estate sector is growing rapidly in Pune and the country. With the government pushing for housing for all and the increase in disposable income amongst the middle class. But, the sector is plagued with some real problems. The sector is facing problems because of the influx of new players who do not have the experience and guile of the long-established players. This blog will take a closer look at...
There are a lot of factors to consider when buying a house in Pune, which can make it difficult for you to decide whether you should buy or rent. I will help you identify those vital factors and help you make the decision. Homeownership is one of the most important investments you can make. While renting can be a convenient and easy way to live in a particular area, buying a home has a lot to offer as...
The real estate market has changed in Pune and the surrounding areas due to the Covid-19 pandemic. With most supply chains getting affected by the lockdown and travel restrictions, the price of the building materials has increased significantly. Another factor that resulted in the steep house costs in Pune has been the shortage of labor due to the mass exodus. In such a scenario, the home buyers' sentiment...
