Capital gains can be loosely termed as the profit generated from the sale of any investment or property. Depending on the duration of holding of these assets, capital gains are classified as long-term & short-term gains. According to the Income Tax Act, 1961, any immovable property with a holding period of more than 2 years is classified as long-term capital assets and any profit arise by selling...

With a growing focus on affordable homes and "Housing for All", real estate stakeholders are increasingly emphasizing on the use of new and innovative construction techniques. One such technology is MIVAN shuttering which is being promoted for its ability to aid mass construction activity. What Is MIVAN Technology? Factually, MIVAN is an aluminium formwork system manufactured by...

The traffic in and around Pune City has been increasing at high rate due to industrial and other socio-economic development in and around Pune City. As a result, roads radiating from the city in all directions were required to be widened to 4 lane/ 6 lanes. The vehicles which are coming from one direction and proceeding to other directions pass through Pune City, thereby, creating traffic problems....

Stamp Duty and Registration Charges in Pune form an integral part of the property transactions across the city. Real Estate being a state subject, so the stamp duty charges in Pune are decided by the Maharashtra state government. Stamp duty payment ensures that the property transaction is duly registered in the government records. Stamp duty charges are generally categorized as additional charges and do...

In real estate, people often use the terms - agreement of sale and sale deed - as synonyms. However, both are very different and executed at separate events. Agreement of Sale validates the seller and buyer entering a deal whereas Sale Deed legally identifies the new buyer as the owner of the property. When buying or selling immovable property, it is imperative to safeguard the activity through a legal...

Any development of layout exceeding an area of 4000 sqm will require a reservation of 20% of the built-up area for EWS (economic weaker section) and LIG (low income group) households. Incentive FSI of 20% will be provided to the developer and tenements will be handed over to MHADA at the ready reckoner rate. There is an amendment by Urban Development Department that the builder now need not have to...

Phoenix Mall of the Millennium @Wakad, Pune  Wakad is located in Pune West Zone. The location has become a real estate hotspot in the last one decade and is bracing for some big projects. The new projects include the Hinjewadi-Shivajinagar Metro Line 3, World Trade Center (WTC), EON IT Park, and Phoenix Mall. The work on the Phoenix Mall is in full swing. Phoenix Mall of the Millennium, Wakad...

In this article, we bring you the list of 5 affordable localities in Pune that offer low-cost residential options to homebuyers. With developing infrastructure and connectivity prospects, these localities are bound to garner huge realty traction in the next 3-5 years. Affordable Housing Real estate being a price-sensitive business, demand for affordable housing is always high. Pune, in...

Over the last few years, Wakad has emerged as one of the most sought-after investment hubs in Pune. Located in the western suburbs of Pune, Wakad is a premier commercial and residential locality equipped with a wide range of civic amenities. One of the major reasons for the steady price appreciation of property in Wakad is its proximity to the industrial zones and IT hubs of Pune. If you are looking to...

The Indian government launched Rental Control Act to control the rent charges and protect the rights of the tenants as well as landlords. In July 2019, the government floated a proposed Model Tenancy Act (MTA) to promote and regulate rental housing in the country. The following rules are implemented in the Model Tenancy Act - The Security Deposit for residential tenancy is capped at two...