Real Estate Magazine

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Is Baner Heading to Be Pune’s Most Prestigious Location?

Baner and Pan Card Club Road: The Epicentre of Pune’s Growth For some time now, and for the foreseeable future, Baner’s Pan Card Club Road corridor—a promising artery in the region—has been swiftly transforming into one of Pune’s most sought-after locations. Known for its cosmopolitan vibe, high-end infrastructure, and strategic connectivity, this part of Baner offers a perfect blend of commercial spaces and urban sophistication. The Pan Card Club Road, originating from the service road on the Mumbai-Bengaluru Highway on one side and extending to Baner Road near Orchid School on the other, is home to premium commercial establishments, co-working spaces, high-rise residential complexes, and elite social infrastructure. Its seamless connectivity to the Mumbai-Bengaluru Highway and proximity to Balewadi High Street, elite schools like Orchid School, hospitals like Jupiter and Manipal, Balewadi Sports Complex, and metro stations make it a location of prime significance. Developers such as Raheja, Panchshil, Lodha, Malpani, Supreme, Kolte-Patil, and Kalpataru have recognized its potential, establishing luxurious commercial and residential spaces that are shaping Baner’s skyline. One-Place Baner: A New Benchmark in Commercial Excellence A remarkable addition to Baner’s glittering skyline is Mittal Brothers’ One-Place Baner, a high-end commercial project redefining investment opportunities in Pune. With 16 stories and three wings, One-Place Baner is designed to offer world-class commercial spaces with sustainable and innovative features. Key Features of One-Place Baner: Commercial Spaces: The ground and mezzanine levels house premium shops measuring 760 sq ft, offering a high-street ambiance perfect for top-tier brands. Studio Apartments (Commercial Lease Model): The 2nd to 5th floors consist of 240 compact studio apartments ranging from 240 to 325 sq ft, fully furnished and leased to Tribe Coliving. These units function as part of a co-living business model, delivering guaranteed returns to investors. Office Spaces: The 6th to 15th floors feature modern office units measuring 490 to 575 sq ft, leased to EFC, a leader in co-working spaces. This ensures steady rental incomes and long-term investment security. Rooftop Amenities: The project boasts an infinity pool, a branded restaurant, and a health club on the rooftop, creating a vibrant space for networking and relaxation. Sustainability Features: Certified as an IGBC Gold-rated project, One-Place integrates solar energy, rainwater harvesting, sewage treatment, and 100% power backup. Why Invest in One-Place Baner? Guaranteed Returns One-Place Baner offers a hassle-free ownership model with units leased to Tribe Coliving and EFC under long-term agreements (up to 15 years) with guaranteed rental escalation every three years. Monthly returns range from ₹15,500 to ₹64,500. Strategic Location Located on Pan Card Club Road, it enjoys exceptional connectivity to the Mumbai-Bengaluru Highway, metro stations, premium schools, and elite shopping destinations. Revenue-Generating Maintenance Model Innovative revenue sources like paid parking, digital facade advertising, and a fixed corpus fund ensure efficient maintenance and added income. Unparalleled Capital Appreciation With property rates in Baner rising exponentially, One-Place Baner offers a lucrative opportunity for capital growth, with rates expected to rise significantly in the next decade. The Future of Baner and One-Place Baner With superior connectivity, premium developments, and a thriving urban lifestyle, Baner is poised to become Pune’s most prestigious location. Mittal Brothers’ One-Place Baner is a testament to this transformation, offering a unique blend of luxury, functionality, and investment potential. It stands as a perfect choice for discerning investors seeking reliable income streams and long-term growth.   Dilip Mittal Director, Mittal Brothers dilip@mittalbrothers.com

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Redevelopment: Crafting the old to the future Gold

Pune is the cultural & educational hub of Maharashtra. The city is witnessing a transformative era in urban development. As the city population grows, there is an increasing need for innovative & sustainable redevelopment projects that not only revitalize the existing infrastructure but also enhance the quality of life for the citizens. All our redevelopment projects are at prime locations so we strive to design iconic but sustainable structures. All our projects are proposed to Green building certification from IGBC for Gold rating. These projects are modern, sustainable & Community centric. These projects also aim to breathe new life into underutilized or dilapidated areas, creating vibrant public spaces & fostering a sense of community among residents. Our USP:  Designing & Liasoning compliances covered thoroughly. Sustainable Design Expertise Personalized Client Experience Collaborative Design approach Time Bound Services The processes involve the  Analysis of the existing building and its surroundings. Needs of the existing members Feasibility reports and commercial viability explanation to the developers. Legal and Local authority compliances. IGBC (Indian Green Building Council) Certification. Final Execution & Handover. Inference:  As Pune Continues to evolve, redevelopment projects will play a vital role in shaping city’s future. At Archmaze, we believe that thoughtful designs can transform underutilized spaces into vibrant hubs of activity, enhancing good quality of life. As Architects, we are committed to contributing to city’s planned & organic growth & development. Ar. Sahil J Khinvasara (Founder & Principal Architect at Archmaze Associates) +91 9021588829 archmaze09@gmail.com

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Things to do on taking possession of your New Home

Congratulations on your new home!  A significant milestone, it symbolizes stability & security. Verify Legal Documentation to ensure they are complete & accurate. They include: Sale Agreement & Title Deed: Confirms authenticity & registration. Occupancy Certificate (OC): Ensures builder has adhered to approved plans. Encumbrance Certificate: Confirms property is free of legal liabilities. Builder’s NOC: Necessary for smooth registration & utility connections. Detailed drawing / plan of concealed wiring & plumbing (from builder)    Inspect the Property and to make sure everything is as mentioned in the agreement: Structural Quality: Look for cracks, dampness, or uneven flooring. Plumbing & Electrical Work: Test faucets, drainage, switches, & sockets. Paint & Finishing: Check walls, ceilings, & fittings for a flawless finish. Doors & Windows: Ensure smooth operation & proper locks, get entry card & electronic lock demo Video door phone & settings   Check Amenities & Common Areas Additionally, in gated communities, inspect shared amenities like parking, lifts, clubhouses, & security systems.    Utility Connections: Ensure they are in your name & functional Electricity & Water Supply Gas Pipeline Connection (if any) or its provision  Internet & Cable Services (Tip: Wired internet is way more stable than wireless) Maintenance Services Mechanism to receive timely updates of service interruptions.   Interiors:  Take precise measurements forFurniture placement Modular kitchen designs Tip: Consider hiring a professional interior designer   Review Financial Protection Owning an apartment is a significant financial investment. Safeguard it by: Getting your Life Insurance Policies up-to-date including a cover that’s adequate to cover unforeseen calamities. Purchasing Home Insurance for damages caused by natural calamities, theft, or accidents. Reviewing Financial Goals to adjust and accommodate new expenses.   Change Your Address and communicate it: On aadhaar card of all family members  To Banks, Insurance & Credit card Companies Employers & educational institutions Post office & courier services. Also, inform your old post office to re-direct mail to your new address. (They are obliged to do it for about 3 months)   Register your new address on Google Maps for people to locate faster.   Know your neighbours  Build a good rapport with your new neighbours besides familiarising yourself with local amenities like grocery shop, hospitals, cooking gas providers, gas stationpetrol pump, 24 hr medicine shop & public transport.    Plan a Housewarming Celebrate your new home with family & friends. Housewarming not only marks your achievement but also helps create lasting memories.   Conclusion Taking possession of a new flat involves more than just signing papers & moving in. By following this checklist, you can ensure a smooth transition & secure your investment for years to come.  Vivek Godse Life Insurance Agent BNI Sr Support Director | Trainer 9422529005 support@vivekgodse.com

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Unlocking Pune’s Residential Market-Trends and Insights from the Last 3 Years

Pune’s residential market has shown resilience and growth over the past few years. This report by CRE Matrix provides an in-depth analysis of the city’s housing trends over the last 6 quarters and up to 3 years. The report presents key insights through graphs illustrating quarterly sales and launches, as well as the total value of units sold over the past three years. A comprehensive table of top launches in Pune city in CY 2024 is also featured. This report offers valuable data and trends for developers, investors, and homebuyers. With its focus on recent market activity, this report serves as a timely resource for understanding Pune’s residential market. By examining the latest trends and developments, readers can gain a deeper understanding of the city’s housing landscape   Pune’s commercial office market has undergone significant transformations over the past 12 years. To provide a comprehensive understanding of this evolution, CRE Matrix has compiled a detailed report on the rental index of A-grade offices in Pune. This report delves into the percentage change in rents from 2012 to 2024, offering valuable insights into the market’s growth trajectory. Additionally, the report compares the rental trends between Pune’s Central Business District (CBD) and Hinjewadi, highlighting the divergent paths taken by these two prominent commercial hubs. The findings presented in this report will serve as a vital resource for investors, developers, and occupiers seeking to navigate Pune’s dynamic commercial office market. With its in-depth analysis and data-driven graphs, this report provides a definitive guide to understanding the complexities of Pune’s A-grade office market.

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Legal Evolutions in Real Estate in the state of Maharashtra

The Indian real estate sector is undergoing a significant transformation, propelled by an ever evolving legal framework and reforms aimed at transparency, accountability, and efficiency. Of all the states constituting India, Maharashtra has emerged a front-runner in implementing these changes, ensuring a robust legal foundation for developers, investors, and homebuyers alike. This article explores key legal developments shaping the sector, and Maharashtra’s pivotal role therein. Regulatory Evolution in Indian Real Estate Implementation of RERA The Real Estate (Regulation and Development) Act, 2016 (RERA), marked a paradigm shift for the real estate industry, aiming to protect homebuyers and ensure project transparency. Its key features include: Escrow Accounts: Preventing fund diversion. Mandatory Registration: Projects and agents must register with state RERA authorities. Standardised Agreements: Ensuring compliance and imposing penalties for violations. Dispute Resolution: Speedy resolution of grievances. Maharashtra’s Impact: MahaRERA, the state’s regulatory authority, has set benchmarks for effective implementation. Its proactive measures have instilled confidence among developers and buyers alike, ensuring absence of disputes or their faster resolution besides streamlined operations. Amendments to Land Acquisition Laws The ‘Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013’ replaced outdated laws, providing fair compensation and rehabilitation to landowners. Maharashtra’s Perspective: Robust policies have facilitated landmark infrastructure projects like the Mumbai Metro, Pune Metro, and Samruddhi Highway, minimising disputes and expediting approvals. GST in Real Estate The introduction of the Goods and Services Tax (GST) created a uniform tax structure, replacing multiple indirect taxes. For under-construction properties, GST is levied at a flat rate, simplifying compliance. Maharashtra’s Contribution: Clarity in tax structures has fostered an organised market, benefiting developers and buyers alike. Legal Reforms Specific to Maharashtra MahaRERA Initiatives MahaRERA has been instrumental in driving regulatory reforms, including: Ease of Access: Online registration and grievance redressal mechanisms. Dispute Resolution: Conciliation forums have resolved numerous disputes, reducing litigation. Transparency: Mandatory disclosure of project details, including financials, on the MahaRERA portal. Unified Development Control and Promotion Regulations (DCPR) Maharashtra’s Unified DCPR aims to optimise land use and boost affordable housing through: Increased floor space index (FSI) to encourage vertical growth. Incentives for slum rehabilitation and redevelopment. Provisions for transit-oriented development. Stamp Duty Reductions To revitalise the real estate market during the pandemic, Maharashtra temporarily reduced stamp duty, leading to a surge in property registrations. This policy underscored the importance of flexible fiscal measures. Redevelopment Policies Maharashtra’s Cluster Redevelopment Policy facilitates the redevelopment of old buildings and slums, ensuring better living conditions and modern infrastructure. Challenges in the Legal Landscape Despite these advancements, the sector faces persistent challenges: Dispute Resolution Delays: While MahaRERA’s forums are efficient, traditional courts remain burdened. Complex Approval Processes: Developers encounter delays navigating multiple approvals. Land Ownership Disputes: Unclear titles and overlapping claims hinder large-scale projects. Compliance Costs: Smaller developers struggle with increased regulatory costs. Proposed Solutions and Future Outlook Digital Transformation Land Records Digitisation: Initiatives like Maharashtra’s e-Mojani aim to ensure clarity and reduce disputes. Online Approvals: Streamlining project approvals through digitisation. Enhanced Coordination Collaboration between state authorities and developers can minimise delays and create a more investor-friendly environment. Policy Revisions Simplifying regulations and incentivising sustainable practices will attract long-term investments. In conclusion, Maharashtra’s proactive legal reforms have not only set a benchmark for other states but also positioned the real estate sector as a pillar of economic growth. By addressing persistent challenges and leveraging technology, the state can continue to lead India’s real estate transformation, benefiting all stakeholders. Adv. Mukessh Bajirao Zende, B. Sc. LL.B. MBA, (Corporate Law) Patent Attorney On Record +919822268068 adv.mukessh@tosslegal.com

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Real Estate is Indian Entrepreneurs’ No.1 Choice of Investment! Why?

As we stare down the barrel of a new year, we have the annual opportunity to look back at the world and try to make sense of the year that has just passed. Today, I want to speak about the world of Indian and global entrepreneurs and their investment habits. As data shows, these habits have everything to do with real estate! HSBC recently released their HSBC Global Entrepreneurial Wealth Report 2024. They focused on multiple aspects of business in this, but most importantly they performed in-depth analyses of how entrepreneurs from all corners of the earth invest their money. This report, which surveyed business owners or entrepreneurs – from across the world, mind you -allocate their wealth to investment, and real estate forms a significant part ofit! That is to say, they use real estate to generate a stream of income – mostly through renting or leasing out their properties. This data shows that throughout our world, entrepreneurs invest in real estate! That same HSBC report goes on to state that Indian entrepreneurs have some of the highest rates of investment in real estate. 61% of Indian businessowners and entrepreneurs, for instance, own real estate for investment purposes. To those of us that are watching the Indian real estate sector, this should not come as a surprise. 2024 has been a year of meteoric growth for Indian real estate; private investment alone grew by 20% this year. Between 2023 and 2024, Indian real estate developers are estimated to have built nearly 5 million homes. In 9 Indian metropolises, over 90 million square feet of office space was leased. In the coming year, that space could increase by at least 15 million square feet. Just like India’s GDP, our businessowners aim to grow and make money. Therefore, I contend that the study of entrepreneurs is vital to understanding our modern economy. So, if we were to listen to Indian entrepreneurs, what are they saying? They are saying that there is a reason that they are optimistic about investing in real estate. India is going to grow – its cities will sprawl out horizontally as they climb ever higher. The question is, will you be a wise investor or will you be left behind? Investing wisely and carefully in real estate is a great way to get Real Rich and, in today’s ‘age of the entrepreneur’, real estate has been proven to be the world’s preferred avenue of investment! Final Thoughts for the Wise Investor The Indian real estate market in 2025 is, barring any unforeseen pitfalls, inevitably going to be a growth market. Investing in this market, whether it is a long-term investment or a quick-flip, is bound to be a wise choice. If you are a wise investor and you are investing safely, 2025 is sure to yield immense returns! Dr. Atul Goel MD, Goel Ganga Group

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