Profest 2013 - Biggest Property Exhibition by CREDAI-PUNE METRO in Pune

CREDAI-PUNE METRO presents biggest property exhibition in Pune - PROFEST 2013

PROFEST 2013 Dates:

The Mega Property exhibition will be held for 3 days starting from the 1st of February to the 3rd of February 2013.
PROFEST 2013

Venue:

The venue for this year’s CREDAI property exhibition is as follows -
SSPMS Ground,
Near Le Meridien,
Next to RTO
Pune

How to register for PROFEST 2013?

To register yourself for PROFEST 2013 please visit http://www.credaipune.org/exhibition/2013/Form.pdf


Stall Pricing and Layout for PROFEST 2013:

Get more details about Profest 2013 and pricing information
http://www.credaipune.org/exhibition/2013/layout.pdf

The stall allotment will be done on the Thursday,17th of January 2013 in the CREDAI Pune Metro office at 4.00 pm

Visit http://www.credaipune.org/

India's Most Expensive Real Estate Deals in 2012

India's Most Expensive Real Estate Deals in 2012

National Textile mills land

Price: 2,725 crore (Rs 27.25 billion)
Buyer: Lodha Group
City: Mumbai
India rank: 1




 

Thane plot 

Price: 1,250 crore (Rs 12.50 billion)
Buyer: Agile Real Estate
City: Thane
India rank: 2

Commercial space


Price: 1,000 crore (Rs 10 billion)
Buyer: Blackstone
City: Bangalore
India rank: 3

Maheshwari bungalow

Price: 200 crore (Rs 2 billion)
Buyer: Sajjan Jindal
City: Mumbai
India rank: 4

Chanakyapuri plot

Price: 111 crore (Rs 1.11 billion)
Buyer: Sudhir and Samir Mehta
City: New Delhi
India rank: 5

Commercial Real Estate in India witnesses increase in demand

Commercial real estate industry in India

that includes office spaces and retail have started experiencing increase demand after big economic slowdown in past few days.In major cities of india  near about 9.2 million sq. ft of commercial space was sold at the end of June 2012. Ravi Ahuja, executive director for development services at consultants Cushman and Wakefield India said that the sale of commercial property was 5.8 million sq. ft in April-June 2009.

It is accepted that Some 16.4 million sq. ft of retail space is expected to be available in 2010.Saleing and leasing of commercial office spaces Mumbai and Delhi-NCR rose 69% and 18%, respectively. The past report says that about 70% of transactions in Delhi-NCR have been recorded in Gurgaon, Noida and Delhi’s south business district. In Noida large multinational corporation firms from banking and IT sector are attracted to set up offices. In Mumbai, most commercial real estate projects are coming up in secondary areas.

Multinational corporation firms are looking for central locations in big metro cities this may be reason for rise in rental cost in these areas. The improved economic climate within the country making attractive market over globe.

Investment in Ready Possession flats in Pune

Ready Possession Flats

Real estate industry in Pune is towards upward trends. The prices of residential and commercial properties in Pune are increasing every year. Now a days investment in real estate properties is consider to be most secure and profitable resource. It is completely individuals decision, whether to buy property in Pune as an investment or to reside. While investing in residential property usually two decisions are made either to book a flat in an upcoming residential project or go for a ready possession flat. Again the ready possession flats are usually of two types- New available flat in a completed residential project and second flat for sale.

In case of completed residential project the transaction is usually between the builder and the property buyer. The property rates may vary as per the locations, facilities and amenities in the project. For second sale flats the rates may vary as per year of construction and locations. The deal of second sale flat is between the owner of the flat and the property buyer.

When going for a ready possession of flats it is advisable for buyer to make a checklist to ensure about legal issues, documentation, major repair work and right before taking possession of the flat. Many new residential projects have been launched by reputed builders across the city. There are numerous such ready possession projects. It is advisable to buy a ready possession flat in Pune instead of investing in an under construction project.

Get Best Property Deal in Diwali

It’s time to celebrate festival season. Generally Diwali is the time when lots of real estate projects get launched. Builders and developers launch their new projects on Diwali because it is considered as auspicious and peoples are keener to more real estate investment during this festival. During festive season developer offers discount or attractive gift to attract property investors. Now a days peoples are more enthusiast to invest in buying properties during Diwali.There are several advantage and disadvantages in investing in properties during Diwali.

 

Property investors should be aware about discount offers and gifts offer by builder and developer because sometimes builders may take advantage of ignorant and unaware home buyers. Even tiny offers can cost heavy price. Gift offers like free foreign trip on buying residential flats are nothing but getting tricked. In such types of gifts you are paying more during the time of property booking. A discount offers is a discount only when there is a cut in the price per sq ft.

Following are some suggestion that may help you to get best property deals in Diwali –

•    Purchasing property in lifetime investment so proper planning of property and budget is must.  A well planned budget will help you in determining further factors.

•    After deciding your budget approach minimum 2-3 banks for home loans so that you can choose best option.

•    Make a list of a few builders and their projects. You may contact customers and their clients to know more about services offered by particular builder.

•    Find out information about the exact property rates.

•    Find out the details about the area of the property that you are willing to buy facilities such schools, hospitals and efficient transportation.

•    Check out property documents in case of resale properties.

•    Do not fall for attractive discount and gift offers because this may cause problem.

Be more careful while buying right property during this season of Diwali.Celebrate safe and Happy Diwali !!!

Register your property at ease

Mumbai:

 It is good news for property owners to register their property. A facility has been introduced that allows virtual registration of document.Before this the time frame for registration of properties was 10 am to 5 pm. But from now it is possible for property owners to register their property between 7 am to 9 pm.Two news offices will be soon inaugurated in Worli which will have provisions to record properties between 7am-9pm.

Before introducing this rule the time constraint was acting as a barrier for the daily office-goers. Because office-goers had to skip work to register their property. But now it will be possible for them to register their properties without leaving their work.

It is expected to get 3 more offices in Mumbai to make effortless the burden on the existing registration avenues. Almost 2 lakh property registration is expected to be done annually in these offices.