Author name: dreamspersqftmagazine

Transparency and accountability issues plague the real estate sector, resulting in numerous consumer complaints. MahaRERA, the Maharashtra Real Estate Regulatory Authority, aims to address these concerns by ensuring swift and fair resolution of grievances. Unlike traditional consumer forums, MahaRERA provides a balanced platform where both consumers and developers can file complaints, thereby promoting fairness and accountability for all parties involved. Here’s how MahaRERA enhances the grievance redressal process.   Understanding MahaRERA’s Grievance Redressal Mechanism MahaRERA provides a structured platform for consumers and developers to file complaints against each other and other stakeholders in the real estate sector, ensuring prompt and fair grievance resolution.   Steps for Developers to Handle a Complaint Registration: Developers can view complaints filed against them on the MahaRERA portal. It is crucial to respond promptly and accurately, providing all necessary documents and evidence. Hearing and Resolution: MahaRERA schedules hearings where both the consumer and the developer can present their cases. Developers should prepare thoroughly, presenting clear and detailed evidence to support their position. Timely Updates: Developers receive regular updates on the status of complaints. Staying informed helps developers manage and address issues proactively.   Key Features Enhancing Effectiveness for Developers Transparency and Accountability: MahaRERA’s online portal allows developers to track the progress of complaints in real-time, ensuring transparency and accountability. Conciliation Forums: Provides a medium for speedy dispute resolution, reduces litigation costs, and bridges legal battles, saving time and resources. Robust Legal Framework: Operating under a robust legal framework, MahaRERA ensures compliance with regulations, thereby protecting developers from frivolous complaints.   Developer’s Right to File Complaints Unlike consumer forums, MahaRERA also empowers developers to file complaints against purchasers in case of breaches of the Agreement for Sale or provisions of RERA. This includes situations where purchasers: Do not pay as per the agreed payment schedule. Fail to cooperate with the development of the project. Create unnecessary hurdles and interruptions.   Benefits for Developers Quick Resolution: MahaRERA aims to expedite complaint resolution, minimizing the time and effort developers must allocate to legal matters, enabling them to focus on project completion and enhancing customer satisfaction. Building Trust and Credibility: By effectively addressing grievances, developers can cultivate trust and credibility with buyers, thereby bolstering their reputation.   How RERA Easy Can Help Simplified Complaint Management: RERA Easy assists developers in managing complaints, ensuring accurate and timely submission of all necessary documents and responses. Regular Compliance Updates: RERA Easy offers regular updates on the status of complaints and compliance requirements, ensuring developers stay informed and proactive. Easy Registration & Compliance: We’ve helped over 3,000 projects get registered and submitted 10,000+ Quarterly Project Reports (QPR). We make sure your project complies with RERA regulations hassle-free. Simplified, Comprehensive RERA Oversight: Leave your RERA responsibilities in our capable hands and redirect your focus to your business’s growth. Our team pledges a smooth, worry-free approach to RERA management, covering every minute detail from strategy to implementation, ensuring effortless compliance at every turn. By partnering with RERA Easy, developers can streamline the grievance redressal process, benefiting from expert guidance and support while focusing on project development and customer satisfaction.

Since the outbreak of COVID-19, there’s been a noticeable shift towards plotted layouts and low-density housing (think Rowhouses, Villas, Bungalows, and the like). This shift isn’t just a whisper in the wind; it’s booming, with a staggering rise of 400% in plotting project launches in 2023 over 2019. WHAT’S DRIVING THIS SURGE? A FEW FACTORS STAND OUT: Work from Home (WFH): The pandemic ushered us into the remote work era. Many now crave living closer to nature, away from the hustle and bustle, in cozy independent houses. Plus, living on the outskirts offers a sweeter deal with its substantially lower cost of living compared to the city’s heart. Health and Wellness: Our collective health and wellness radar has gone off the charts! Spacious homes with easy access to the great outdoors, gardens, and parks are now more than just a luxury; they’re a necessity. The entry of big names like K Raheja, Godrej Properties, Supreme Universal, Lodha, and others into this realm signals that this trend isn’t just a passing phase but a solid move towards a more serene and holistic living environment. What do you think about this shift? Is it a temporary adjustment, or are we looking at the future of residential living? The author is a partner at Vasupujya Corporation, a Real Estate development firm based in Pune. He is a civil engineer from IIT Bombay and is also engaged in the Real Estate Data Analytics wing at CREDAI Pune Metro. RAHUL AJMERA PARTNER, VASUPUJYA CORPORATION [email protected]  

In the bustling heart of Pune lies a hidden gem, a majestic testament to the city’s rich history and architectural prowess – Nana Wada. Standing proudly beside the iconic Shaniwar Wada, this 18th-century mansion whispers tales of a bygone era, where the Maratha Empire reigned supreme, and Nana Phadnavis, its esteemed statesman, shaped the destiny of the land. Constructed in the year 1780, Nana Wada stands as a behemoth, spanning an impressive 20,000 square feet, a testament to the grandeur of its time. Crafted meticulously from sagwan wood, also known as teak, the mansion boasts an unparalleled display of craftsmanship, reflecting the glory of the Peshwe era. Every corner of Nana Wada exudes opulence, from its intricately designed railings to its timber ceiling adorned with carved motifs. Graceful arches and pillars, shaped like cypress trees, stand tall, bearing witness to the architectural marvels of yesteryears. Central to Nana Wada’s narrative is the towering figure of Nana Phadnavis, a luminary whose legacy continues to illuminate the annals of history. Through the reign of four successive Maratha rulers, Nana Phadnavis emerged as a beacon of leadership, steering the empire towards unprecedented prosperity and power. As centuries passed, Nana Wada evolved, mirroring the changing landscape of Pune. In 1907, the Deccan Education Society breathed new life into a portion of the mansion, establishing the New English School within its hallowed halls. This infusion of educational zeal not only expanded opportunities but also introduced a fusion of architectural styles, blending traditional Peshwa aesthetics with the British Gothic Revival influence. A new building added to accommodate the school further enriched Nana Wada’s visual appeal, creating a captivating juxtaposition of two distinct architectural eras. Despite the march of time, the original features of Nana Wada remain remarkably intact, serving as poignant reminders of its illustrious past. Today, the mansion continues to play a pivotal role in Pune’s cultural landscape, housing a municipal school and serving as the municipal office for old records. Its storied halls resonate with the echoes of history, offering a glimpse into the splendor of the Maratha era.

In India, many people consider land as one of the safest investment options. Although the initial capital size is high, it gives high returns in the long run. Over the past few decades there haven’t been any volatile changes in the land price. Raw Land – In India, many consider land as one of the safest investment options. Although the initial capital size is high, it gives higher returns in the long run. Over the past few decades, there haven’t been any volatile changes in the land price. House flipping – House flipping is the process of purchasing an income-generating asset, increasing its value and reselling for a higher price. It is a short-term strategy that is used in property investing to gain quick profits. People with good knowledge of landscaping and design can get into the business of flipping houses. Vacation homes – Vacation homes can be fantastic investments as homeowners could earn income by renting out a house or even just a room on a short-term basis, especially if the property is in an area that’s a well-known tourist destination. Vacation homes are highly in demand in India. Co-living spaces & student housing – Co-living is a concept where users, usually not from a single family, share a living space. The residents of a co-living space generally have similar interests, intentions & values. In recent years, there has been an increase in companies offering organized co-living spaces in metropolitan cities. Commercial Properties – For commercial property investment, the investor can look at office spaces, retail buildings or warehouses. Commercial Real Estate succeeds as an investment by producing rental income from a tenant or multiple tenants. This rental income becomes cash flow or revenue for the equity owner of the property. Rental income – The majority of residential property financial gains come in the form of basic rent. You could purchase a property & rent out any room or apartment to tenants. The tenants pay a fixed amount per month, going up with inflation & acting as rental income. A property rented in the CBD or near educational institutions always fetches a good rental income. Fractional Ownership – Fractional ownership is a new concept booming in the Indian market. Several small investors pool in money to buy a valued commercial or residential property. The rents generated from the property are split among the investors based on the shares of investment in the property. Dr.Adv.Harshul Savla (MRICS) is a principal Partner of M Realty (Suvidha Lifespaces) which has successfully completed more than 1.2 million sq.ft. in the last 30 years across Mumbai city under the able leadership of Mr.Pramesh Rambhiya.

Mrs.Sulaksshana.L.Kshirsaagar, a former banker turned astrologer, has carved her niche in the mystical world of astrology with her adept understanding of Jyotish- Vidya. Despite a modest upbringing and academic achievements in finance, her fascination with the stars led her to pursue astrology in 2000 under the guidance of Dr. D.G. Sawant. After honing her skills as an apprentice, Mrs.Kshirsaagar ventured into solo practice in 2003, offering free consultations initially. As her clientele grew, she began charging for her services, attracting serious seekers who valued her insightful predictions and remedies. Today, Mrs.Kshirsaagar is renowned for her expertise in Patrika readings, Vastu consultations, and gemstone recommendations. With over 1,20,000 Janmakundalis and 600+ Vastu projects PAN India under her belt, her clientele spans across India and beyond, with gemstones reaching as far as Dubai, Australia, the US, and the UK. Mrs.Kshirsaagar believes in providing holistic solutions to life’s challenges, blending predictions, prescriptions, and gemstone therapy. Her daily predictions and gemstone expertise are lauded by clients seeking harmony and growth in their lives. A pillar of support in her journey is her husband, an engineer, and her children who acknowledge the positive impact of her work. Despite challenges Mrs.Kshirsaagar remains dedicated to helping others find peace and success through her astrological guidance. Pro-tips from the expert :  1. Opt for a square or rectangular house shape without cuts for better energy flow. 2. Position the main door facing West, North-East, North, North-South, or North-West for positive energy. 3. Avoid placing washrooms facing northeast or east to prevent vastu-dosh. 4. North-facing doors can enhance financial situations, while east-facing doors elevate social reputation. 5. Avoid placing a door in the Southwest direction to prevent potential heart and household problems. 6. It is possible to address vastu-doshas without demolishing walls through strategic adjustment. In her own words, Mrs.Kshirsaagar advises everyone, including business leaders, to work hard, stay positive, and consider consulting the occult when faced with life’s enigmatic challenges. Her tagline in Marathi, ‘प्रत्येक घरासाठी घरातील प्रत्येकासाठी’ translates to ‘for each home and each one in the home’ inEnglish, encapsulating her mission to bring celestial wisdom to all. In essence, Mrs. Sulaksshana .L.kshirsaagar’s journey exemplifies the transformative power of belief, dedication, and the cosmic wisdom of astrology in shaping destinies

DLRC, the DriveChange Learning and Resource Centre, stands as a beacon of progressive education nestled in the serene surroundings of Sus Gaon, Pune. Situated amidst the verdant embrace of a mango farm, its reclaimed wooden structures harmonize seamlessly with nature’s bounty. Here, lush student-created gardens coexist with a tree grove boasting majestic Anjeer, Neem, and Passion Fruit trees. Reused bottle plant pots, vibrant murals, and a bustling design lab add to the tapestry of this unique learning ecosystem, framed by rolling Western Ghat hills. My journey with DLRC began as a student, where for two transformative years, I explored and grew within its nurturing embrace. As an alumnus, facilitator, and integral member of the community, DLRC has been my home—a place where visionary founders, Ajay Dalmia, Mona Dalmia, and Pavan Iyengar, have sowed the seeds of a radical educational paradigm. From its humble beginnings in 2015, DLRC has burgeoned into a vibrant space, eschewing traditional hierarchies for a collaborative model. Here, facilitators—guides on the journey of co-learning—nurture a culture of curiosity and resilience. Mistakes are not frowned upon but embraced as opportunities for growth, supported by a network of parents, students, and co-founders united in their passion for holistic education. Ajay, Mona, and Pavan infuse DLRC’s ethos with their distinct visions. Ajay champions self-sustainability and reverence for labor, integrating these values into the curriculum. Mona advocates for ecological literacy, fostering a deep connection with our environment. Pavan, believing in the proverbial village, fosters outreach and a spirit of scientific inquiry. In just a year, DLRC outgrew its initial confines, blossoming into a hub of learning for a diverse cohort of students. The transition to a mango farm in 2017 marked a pivotal moment, symbolizing the community’s commitment to growth and sustainability. Today, with over 300 students and a 1:12 facilitator to student ratio, DLRC remains inclusive, welcoming learners from varied backgrounds and abilities. Central to DLRC’s mission is the concept of “Campus as a Learning Activity” (CALA), leveraging every facet of its environment to facilitate learning. From “Farm to Table” initiatives to composting toilets and aquaponics systems, sustainability is woven into the fabric of daily life. Kishore Ji and his team, artisans from Jodhpur, embody this spirit, infusing their craftsmanship into every structure. At DLRC, learning transcends the classroom, permeating everyday life. Integrated learning approaches, environmental literacy programs, and a celebration of cultural diversity underscore the commitment to holistic education. Here, students, parents, and facilitators form a dynamic learning triangle, fostering an environment of equity and democracy. DLRC is more than a school; it is a testament to the transformative power of education rooted in equity, justice, and diversity. As we carry the lessons learned beyond its gates, we become not just learners but active citizens shaping a brighter future for all.

Tiger Shroff’s Pune Property Deal As reported by IndexTap.com, Bollywood star Tiger Shroff acquired a property in Pune’s Panchshil Yoopune project for ₹7.5 crore On March 5, 2024. Immediately, he leased the 4248 sq ft space to Cherise India Pvt Ltd for ₹3.5 lakh per month. The agreement spans five years with a deposit of ₹14 lakh. Stamp duty of ₹52.5 lakh was paid to ASN Properties Private Limited. The lease includes a 5% annual rent escalation clause. This strategic move showcases Shroff’s shrewd investment acumen, securing a steady income stream while capitalizing on the burgeoning real estate market in Pune.   Shakti Mohan’s Bandra Move Renowned choreographer Shakti Mohan finalized a significant real estate deal, transitioning from the western suburbs to the vibrant locality of Bandra. The transaction, registered on October 6, saw Shakti acquiring a lavish flat on the 5th floor of Celestial Towers. With a total consideration of Rs 5.3 crore, Shakti deducted 1% TDS before paying the remainder, aided by a Rs 2 crore bank loan. Stamp duty amounting to Rs 31.8 lakh was also settled. This spacious apartment, boasting a usable carpet area of 1019 sq ft, includes the added convenience of two car parks within the building premises.   Anubhav Sinha Acquires Luxury Apartments in Andheri West Renowned filmmaker Anubhav Sinha has expanded his property portfolio by acquiring two apartments in the affluent locality of Andheri West, Mumbai. Each apartment boasts a spacious carpet area of 847 sq. ft., with a substantial agreement value of Rs. 5,37,50,000 per unit. Sinha finalized the purchase on 6th March 2023, further solidifying his investment in the bustling real estate market of the city. This move underscores Sinha’s keen interest in real estate ventures, positioning him as a discerning investor in the ever-evolving landscape of Mumbai’s property sector.