Real Estate Magazine

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Preity Zinta Makes a Lavish Mumbai Real Estate Move: Acquires Pali Hill Apartment for Rs 17 Crore

Mumbai,November 30th 2023 In a significant real estate development, Bollywood star and entrepreneur Preity Zinta has secured a luxurious residential apartment in Mumbai’s upscale Pali Hill area. The transaction, totaling a whopping Rs 17 crore, was finalized on the 11th floor of the ongoing Rustomjee Parishram tower. The per sq ft cost stands at an impressive Rs 1.15 lakh, considering the carpet area of 1,474 sq ft. Zinta’s new property not only includes the exclusive 90 sq ft additional space but also comes with two parking slots, adding to the opulence of the acquisition. The deal, completed on Monday, involved a substantial stamp duty payment exceeding Rs 85 lakh, according to documents sourced from Indextap(dot)com. Notably, the property was directly purchased from the Rustomjee Group’s listed entity, Keystone Realtors. The ongoing Rustomjee Parishram tower project, a redevelopment initiative spanning almost half an acre, boasts 22 stories, with 17 habitable floors. Preity Zinta’s latest real estate move further cements her presence in the high-profile landscape of Mumbai’s elite residential offerings.  

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Bollywood Star Ranveer Singh Scores Big with 15.25 Crore Sale of Mumbai Apartments

*Mumbai, November 30th 2023- Renowned Bollywood actor Ranveer Singh has successfully sold two apartments in the upscale Goregaon area of Mumbai, reaping a significant profit. The properties, originally purchased for 4.64 crore each in 2014, fetched an impressive 15.25 crore in the recent transaction. Located in the luxurious Oberoi Exquisite complex, each 1,324 square feet apartment comes with six parking spots. The deal, finalized on November 6, saw Singh selling one of the flats to a fellow resident within the same high-end housing complex.  

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Punekarnews

Pune and Pimpri-Chinchwad See Surge in Property Sales, Generate Rs 6,500 Crore Revenue in Financial Year 2022-23 Pune: The citizens of Pune and Pimpri-Chinchwad have turned their attention towards buying and selling properties after the Covid-19 pandemic. The government treasury has accumulated nearly Rs 6,500 crores of revenue in the current financial year from these cities alone. This information has come to light in the review conducted by the Registration and Stamp Duty Department for the current financial year. The current month (March) alone has witnessed revenue of Rs 657 crores. The Registration and Stamp Duty Department has recorded an increase in the purchase and sale of properties in Pune and Pimpri-Chinchwad due to various factors such as the planned international airport, metro project, and two circular roads at Purandar, along with ambitious projects in the information and technology sector, industry, and employment guarantee. In the current financial year, from 1st April 2022 till now, more than 2.5 lakh cases have been registered in Pune and Pimpri-Chinchwad, generating a revenue of Rs 6,500 crores. From April to November 2022, 1,70,162 records were registered, and the government earned a revenue of Rs 4271.75 crores from them. In December 2022, 24,234 records were registered, and the revenue generated was Rs 799.68 crores. In January 2023, 23,957 entries were registered, and a revenue of Rs 651.21 crores was received. The state government had set a revenue target of Rs 5,880 crores for Pune and Pimpri-Chinchwad cities in the current financial year, which has been surpassed by the Registration and Stamp Duty Department. However, the state government employees went on strike from 14th March to 21st March, resulting in some of the 27 secondary registrar offices in Pune and Pimpri-Chinchwad cities stopping work and affecting registration. Additionally, new current market rates (ready reckoner) apply from 1st April every year, leading to a rush for registration in March. This year, between 1st and 24th March, 19,289 entries were registered, and a revenue of Rs 657 crore 18 lakh 54 thousand was received.   By Mubarak Ansari Founder & CEO, Punekarnews

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Khushboo Jain

Soul Reading and Healing Alternative Healing Methods are becoming increasingly popular for those feeling stuck in their Personal or Professional Lives. I am a Soul Reader who can help Clients overcome fear, anxiety, insomnia, emotional and mental issues, limiting beliefs, financial crisis, relationship, marriage, family issues and lack of direction. Her services are particularly useful for those in the Real Estate Business struggling with property-related issues. Soul Reading and Healing is a unique form of Alternative Healing that goes beyond Physical or Energetic Healing. It involves Healing at the Soul level, which can have a profound impact on every aspect of our lives, including physical health, mental wellbeing, emotional state and spiritual growth. I am a gifted psychic and intuitive Healer who can tap into the secrets held within a person’s Soul, which can help to heal and transform every aspect of their life, including their business and financial dealings. I can connect with their spirit guides and receive channelled guidance, visions, and messages that can help them navigate the situation with more ease and success. I help people in the Real Estate Business who are struggling with limiting beliefs or negative thought patterns that are holding them back. By connecting with their Soul Energy, I can help them to release these blockages and achieve greater success in their business. In addition, I can provide insight and guidance to those facing financial difficulties, as well as individuals and couples navigating relationship issues, like marriage and family problems. For those feeling lost or directionless, I can help them find their purpose and focus their energy on achieving their goals. To sum it up, I am a skilled and compassionate Healer who can help Clients overcome any obstacles that are holding them back in life. Through Soul Reading and Healing, I can help unlock their true potential and live their best lives. If you are struggling with fear, anxiety, insomnia, limiting beliefs, financial crisis, relationship problems or lack of direction, please feel free to contact Me.   Author Details Ms. Khushboo Jain Owner, Enlightenment www.khushboo.me [email protected]

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Ar. Harish Padia

Maverick Architects: A Sustainable Approach to Architectural Design or Young Professionals Flocking to Pune Spark Growth in Architecture and Design Maverick Architects, Pune is a multi-disciplinary firm rendering architectural services with a sustainable approach. We have designed a wide arena of architectural projects from hospitals and commercial offices to residential bungalows and also completed various interior projects. The firm is headed by Principal Architect Harish Padiya with 18 years of experience in the field of architecture. He completed his Bachelors in Architecture in the year 2004 after which he worked with a reputed architectural firm for three years and gained in-depth knowledge in residential townships, mixed-use buildings, bungalows and various commercial projects. Furthermore, he also worked with a Developer as a Design Consultant before starting his own practice in the year 2009, with the aim of combining architecture, interiors and landscape design to create a strong identity. The city of Pune experienced a great boom in the Real Estate from the year 2003-2004. Pune’s Real Estate market has seen a lot of positive changes, making it one of the top choices for Property Buyers. An increasing number of pensioners in other parts of India want to relocate to Pune. The city and suburbs like Hinjewadi, Baner, Hadapsar and Pashan will therefore have an increased demand for housing. It is fair to say that Pune’s housing market is growing at a healthy pace. There have been a lot of young professionals moving here every year for education and to work in the IT Sector. The development of Real Estate has given Architects and Designers the opportunity to explore further. It is safe to say that investment in the Residential and Commercial Sector in Pune will offer good returns in the long run.   Author Details Ar.Harish Padiya Principal Architect, MAVERICK Architects [email protected]      

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Ar. Anupriya Khadye

Title- Creation with Emotions Design is a captivating voyage, intertwined with emotions, creation, and, undoubtedly, the essence of profound quotations. As I delve into the realm of the designing field, I encounter a significant and enthralling aspect of interiors—the empty spaces that gradually articulate themselves through the language of shapes, colors, and themes. Witnessing the metamorphosis of an unadorned space into a thoughtfully designed one elicits a symphony of compliments, such as “wow,” “amazing,” “beautiful,” and a myriad of other expressions. In the process of design, the key lies in understanding, creating, and delivering with unwavering dedication. It is crucial to comprehend the perspectives of both parties, instilling trust and believing in the unwavering commitment to manifest the envisioned beauty of the upcoming space, which serves as a reflection of the person who will inhabit it. Comfort, utility, and maintenance serve as fundamental considerations while implementing design concepts. The underlying motive for design should be crystal clear and focused, paving the way for the best possible outcome. Emotions seamlessly merge with creation during the design process, as it encapsulates the dreams cherished by the clients and the subsequent realization of those dreams through drafting, coordination, and the ultimate fulfillment by the designer. When both parties adhere to these fundamental principles, the entire process becomes tranquil and devoid of hassle. We deeply value our customers, their thoughts, and, as previously emphasized, the emotions intertwined with their aspirations. Thus, we are able to design the most fitting themes that garner awe-inspiring compliments upon completion. It is important to recognize that interior design is not merely a project but a lifelong relationship, forged with the understanding that creation knows no bounds. Maintaining a healthy and enduring bond necessitates our commitment to providing the best service possible. By delivering designs of unrivaled quality, we fulfill the fundamental requirements of each space. Our focus lies in capturing emotions and personal choices when selecting the design theme, so that the most optimal concepts can be realized. Rest assured, we are here to guide you and ensure that your design journey is nothing short of unforgettable. Stay connected with us to achieve the finest outcome, anchored by the three fundamental pillars of Emotions, Creation, and Quotations. Through the transformative power of creative expression, let us embark on a remarkable design odyssey together.*   AARk VISTA (Vision Next Design) ID.Anupriya Khadye Interior Landscape Designer [email protected] 9823654966

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Amit Joshi

Growth Spurt Of Furniture Design Industry In India – Ek Design Keeping It Simple And Stylish  A: Upcoming Trends in the Furniture Industry – Indian Design, with the addition of artisanal work like Cane weaving, is a trend that’s definitely here and will be around for a while. The overall aesthetic of Furniture Design in India is heading towards its roots with more use of traditional materials and techniques. This is evident in the recent emergence of Bamboo furniture or, as popularised by European designers, Rattan furniture, which is making a comeback to modern households. The user is also more knowledgeable about materials and finishes and is more keenly looking at every detail of the furniture they are looking to buy. This is giving rise to more homegrown, local brands that are providing all these qualities along with original designs B: Buying Tips – An Indian household typically goes through the cycle of furniture in about 10-12 years, so it becomes of utmost importance that furniture not only looks good but also lasts the test of time. Knowing what material was used in making the furniture is the ultimate factor that decides the longevity of the furniture piece. Be more alert when reading descriptions of products online that say “Teak Finish” or “Walnut Finish”. As the term itself states, these are just finishes on top of the material that is used for making the structure. This means the structure could be made out of any material and finished to look like a durable material, which will not last in the long run. Another easy tip is to just turn over the furniture piece and look at the quality of finish on areas that won’t be visible normally. This shows the furniture makers’ intent on things that are not going to be visible or used in their daily use but have still been paid attention to by the maker. If a furniture piece has been well finished from the underside, it’s probably going to be a good one since care and attention has been taken to finish even parts of it that won’t show in its everyday use. Brands in Pune – Ek Design SAR Studio C: Message to new or growing entrepreneurs – The furniture industry is set to grow very well in the coming decades and our likeness toward more Indian Made things is going to give it a major push in the right direction. That being said, there’s enough market or audience for every possible range or line of products as long as the offering is of its absolute best quality. It is important to remember that the customer today is a travelled and well-read individual with much more knowledge than previously known. Another important lesson to learn or know right, in the beginning, is the importance of meeting timelines. A commitment to timely delivery has been one of the biggest requirements. The furniture industry is largely unorganised and being an organised and disciplined company surely helps you stand out from the competition About Ek Design: We are a furniture design studio based in Pune, Maharashtra, with our own manufacturing unit located at Vadgaonsheri. Since our inception in 2016, we have manufactured over 10,000 pieces of furniture consisting of a multitude of materials like Metal, Solid Wood, Cane Work and Upholstery. Our design philosophies revolve around simple forms and minimalism paired with the responsible use of materials. Our strength lies in fine woodworking, which is depicted in our selection of products. All our processes, right from sourcing materials to the final finishing of the product, are in-house, which ensures total quality control at every step. Honesty and transparency are values intrinsically built into our DNA, and we take all measures necessary to ensure the same is reflected in our work. Prajwal Degwekar – Founder Abhimanyu Sarkar – Head of Sales and Business Development

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Vivek Godse

Have you e(i)nsured that your family can stay in the same property?   Most people who buy their first residential property opt for a housing loan. Let’s say Vivek buys a flat for Rs one crore. He pays Rs 40 lakhs from his source. He raises a 60 lakhs housing loan from a financial institution for 15 years. Now, the flat is mortgaged to that Financial Institution. “Plan A” is Vivek completes the loan term successfully and repays the principal and interest in 15 years or earlier. After repayment, the financial institution will cancel the mortgage and transfer the property to Vivek What if Vivek, unfortunately, dies after, say, three years? The outstanding loan is, say, Rs 56 lakhs. There are two situations – 1) Family members have to repay the outstanding loan so the Financial Institution can cancel the mortgage and the flat is then owned by the family members. 2) If family members cannot raise an amount equal to the outstanding loan, the financial institution will sell the property. The balance of total sale proceeds less outstanding loan/interest will be paid to family members. Imagine, family members will have to shift to another house. They may have to adjust to a flat smaller in size or far away from the city. It would be very difficult for the family to cope with, in addition to the loss of a near and dear earning member. If Vivek purchases Life Insurance equal to the loan amount, say 60 lakhs in this example, the policy will be assigned to the financial institution. In case of an unfortunate death, Rs 56 lakhs will be paid to the financial institution and the loan will be fully repaid. The financial institution will then cancel the mortgage and the flat will be fully owned by the family members. What if Vivek meets a serious accident and becomes permanently physically disabled in such a way that he cannot earn? Now his income stops abruptly, and his maintenance expenses will go up significantly. If he is unable to repay the loan EMI, the financial institution will ask the guarantor (if any) to repay EMI / loan, or the flat will have to be sold. Some companies offer an “Accident & permanent disability” rider (add-on) when you apply for new Life Insurance. If the rider is opted for Rs 60 lakhs, in the above scenario – (1) The balance (future) Insurance premium will be waived off (2) Rs 6,00,000 will be paid every year for the next 10 years. This amount can be used to repay EMI and the family can stay in the same house If a flat/loan is in the husband-wife joint name (both earning), generally, EMI could be almost equal to one person’s income. The situation could be more or less the same. Moral # 1: It’s an absolute must to buy Life Insurance, at least equal to the loan amount, with a permanent disability rider, so family members can continue to stay in the same flat. Moral # 2: Remember above 60 lakh Life insurance will only help clear housing loans. The earning person will also need more Life Insurance so his family members can continue the current standard of living in his absence, besides creating a child’s marriage/education fund.   VivekGodse.com Life Insurance Agent  

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Sarabjeet Kukreja

Co-living in India: A Solution to the Challenges of Population Growth and Urbanization The Indian population is expected to surpass that of China, presenting both challenges and opportunities for growth. Co-living (community living) involves communal living, where individuals share spaces such as kitchens, living rooms, balconies, and private bedrooms. Co-living spaces can be shared apartments, houses, or purpose-built buildings. For a considerable time, individuals pursuing education or employment have struggled to find suitable accommodation. Paying Guest (PG) arrangements have been a common choice, with saving money taking precedence over luxury living. The presence of a roof over one’s head has sufficed. Unless there was a relative living in the same city, the only viable option was a PG, which has always been looked upon unfavorably. Dealing with the warden, who controlled the facility, was undesirable, particularly in the case of issues like water scarcity, bad food, seepage/leakage, pest infestations, or security, etc. Consequently, individuals felt pressured to save money for their families, leading to stress and health concerns. However, with the emergence of co-living, the era of PGs or unorganized living has come to an end. Co-living is a unique solution in India due to the magnitude of the population, with overcrowding causing a strain on infrastructure and the overall quality of life. Co-living maximizes space use, reduces urban congestion, promotes sustainable living, and efficient resource utilization. Additionally, co-living provides fully furnished units, an experienced manager, a building superintendent, a concierge, and repair and maintenance services to ensure residents’ living standards are not compromised. Co-living also fosters a sense of community and support networks crucial for mental well-being. India can lead in establishing co-living standards and concepts that cater to different groups’ needs, including students, young professionals, and families. Co-living can create inclusive communities, bringing people from different backgrounds and socioeconomic groups together. Establishing guidelines and standards for co-living spaces is essential to build trust and confidence among potential residents and investors. Embracing co-living and adapting it to its unique needs can help India manage population growth and lead in building sustainable, inclusive, and thriving communities. As the world grapples with urbanization, climate change, and sustainability challenges, India has a unique opportunity to demonstrate co-living as a solution. “The provision of affordable, superior living solutions to urban India’s young professionals is a substantial problem that Zolo seeks to address. We are pleased to support their vision of creating an all-inclusive and convenient housing solution for students and individuals alike, with the aim of building a thriving community that promotes strong social ties.” – said Sarabjeet Kukreja, Founder & CEO of Zeassetz, a subsidiary of Zolo Stays – India’s leading co-living brand.   Author Details Name: Mr. Sarabjeet Kukreja Company: Zeassetz Designation: Founder & CEO  

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Chaitanya Raje

Vishrambaug Wada:- A Historical Marvel Of Pune Vishrambaug Wada is a historical building located in the heart of Pune City. It was constructed during the Peshwa Supremacy and has played a significant role in the history of the city ever since. The Wada has been beautifully conserved over time and serves as an excellent illustration of the architectural style common during the Peshwa Reign. The Wada witnessed the rise and fall of the Peshwa Era, the British Raj, and the Indian Independence Movement. Peshwa Bajirao II ordered the building of Vishrambaug Wada in 1807. During the Peshwas’ travels to Pune, it was meant to be their home. The Marathi words “vishram,” which means “rest,” and “baug,” which means “garden,” are combined to form the name “Vishrambaug.” The Wada served as a tranquil retreat for the Peshwas and was constructed amid a large garden. The architecture of Vishrambaug Wada mixes Mughal and Maratha elements with magnificent carvings and embellishments that are unique to each. The Wada has a variety of courtyards, each serving a specific purpose, such as housing, kitchens, and stables. The Wada also has a substantial ceremonial hall that was used for important events and rituals. There are two primary entrances to the Wada. On the east side of the structure, the first entry has a lovely wooden door with elaborate carvings. On the north side of the structure, the second entry includes a sizable gateway and a sizable wooden door. The interior of Vishrambaug Wada is just as beautiful as the exterior. The Wada has a large number of rooms, each with its unique features. The rooms are decorated with beautiful carvings, paintings, and artifacts. The walls are adorned with intricate frescoes, while the ceilings have elaborate stucco work. One of the main attractions of Vishrambaug Wada is its museum. The museum is located on the first floor of the Wada and showcases a large number of artifacts and antiques. The museum has a vast collection of coins, pottery, textiles, and weapons from the Peshwa period of influence. The Wada has been described as a “living museum” by historians, and it continues to attract tourists from all over the World. In recent years, there have been efforts to preserve and restore Vishrambaug Wada. The Government of Maharashtra has taken various steps to ensure the maintenance and upkeep of the building. The Archaeological Survey of India (ASI) has declared the Wada a protected monument. As the city of Pune has grown over the years, Vishrambaug Wada has become an integral part of the city’s history and growth. As rightly quoted by historian James Fergusson “The Architecture of India is not only the finest of all the eastern types but also one of the noblest and most beautiful in the World”.   Author Details Mr. Chaitanya Rohini Raje Manager, Dreams Per Square Feet    

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