Realty Blogs

It is a well-known fact that real estate is an appreciating asset. Historically, average real estate prices have multiplied and given healthy and robust returns to investors, despite multiple cycles of recession. Franklin D. Roosevelt is famously known to have said, “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” Generations later, what he said then continues to be true — real estate is one of the best assets to own and pass down. An asset that has the ability to fetch returns, buying a property can be seen as an opportunity to invest towards a comfortable retired life for yourself, as extra savings or as an additional source of income. If the investment is done at the right time with the right developer and reasonably maintained, stable rentals will be guaranteed. The sector, however, has changed considerably over the years. While it grew in scale it also witnessed waves of consumers, each with their own set of traits and personalities come and go. Earlier, when projects were delayed consumers were willing to wait. Today, the home buyer is young, educated, informed and active. Pune stands out as both the most affordable and highest-selling metro city in India, making it a unique leader in the country’s real estate landscape. The right time to invest in your home or a piece of land is now, as the buoyant Indian economy and development across all sectors is just about seeing the light of day. In addition to all of this, low bank home loan rates and attractive financing options compared to other forms of loans, with tax benefit on bank interest paid, financially buying a home is also a sound decision to make. Safe from any major dip, the Real Estate (Regulation and Development) Act (RERA) has regulated the sector, further ensuring that it is a safe investment for all. The upswing in India’s real estate market has led to a multifold increase in land prices, resulting in favorable returns for investors. Due to the increase in land prices and input costs of main construction material, the prices are bound to increase in the future. Hence, this is the right time to invest in real estate. A property purchased in a good or upcoming location, with reasonable amenities from a good developer is almost always like a liquid asset and can be sold and monetised in as less as a fortnight. by Kapil Gandhi MD, Sigma One Universal  

Aarambh Foundation celebrated World Sparrow Day with great zeal at One Place, F.C. Road, on Sunday, March 16. Though the global observance falls on March 20, the foundation organized an early event to encourage broader participation and raise awareness about sparrow conservation. For over 13 years, Aarambh Foundation has been actively working to protect sparrows and their natural habitats. This year, they introduced an innovative initiative—a theatrical play titled “Chimaniyanche Gharkul” (Sparrows’ Nest), written and directed by Ashwini Ambike. The play, performed by students from grades 1 to 7, captivated the audience with its AI-enhanced visuals and powerful storytelling, leaving spectators awestruck by the team’s mesmerizing performance. The event saw the presence of prominent dignitaries, including Rotary District Governor Shital Shah, Abhishek Kavitkar (Founder of Tree Public), Kapil Gandhi (Sigma One), Manoj Dandare (AGM – Pune Metro), Mahesh Ghorpade (Revell Creations), Prafull Deshmukh (CEO – The Nature, Mukaiwadi), Acharya Mahesh Joshi (Vasturang), RJ Shonali (Radio City), Architect Mahesh Bangad, and Deepashree & Umesh Pawar of Aarambh Foundation. Innovative Approaches to Conservation Recognizing the creative approach, Shital Shah applauded the initiative, emphasizing the importance of innovative awareness campaigns in protecting the environment. Speaking at the event, Chaitanya Joshi, Director of Aarambh Foundation, provided insights into the historical significance of World Sparrow Day: “We celebrate many international days, most of which originate from Western countries. However, World Sparrow Day is the first global conservation day that began in India in 2010. It is a matter of pride that this initiative has gained worldwide recognition.” Joshi also highlighted the foundation’s “Shelter for Sparrow” initiative, launched in 2013, which focuses on creating safe environments for sparrows. A New Platform for Environmentalists Adding to the momentum, Manish Khadilkar, Chief Editor and Co-Director of “Dreams Per Square Feet” magazine, announced the launch of a digital newsletter, “Nature Alliance.” This platform aims to connect individuals and organizations working towards environmental conservation and sparrow protection, fostering a collaborative effort in ecological preservation. Expressing her gratitude, Ashwini Ambike, writer & director of the play “Chimaniyanche Gharkul”, commended the hard work of the young performers, acknowledging the support of parents and Umesh Pawar in bringing the production to life. The event concluded with a Vote of Thanks by Mubarak Ansari, Co-Founder of Punekar News. Key Resolutions for Sparrow Conservation As part of the initiative, important decisions were taken to strengthen conservation efforts, including:Establishing safe habitats for sparrows and small birds Launching the “Nature Alliance” digital newsletter for environmental activists Encouraging individuals to take small yet impactful steps toward sparrow conservation The Aarambh Foundation urges everyone to play their part in protecting these tiny yet significant birds. With collective efforts, we can ensure that the cheerful chirping of sparrows remains an integral part of our surroundings for generations to come!

Pattaya, the vibrant seaside city of Thailand, has emerged as a global hotspot for property investment, attracting buyers from around the world. Affordable prices, luxurious lifestyle options, and excellent connectivity are drawing diverse investor groups, each with distinct motivations. Chinese nationals have consistently shown significant interest in Pattaya’s real estate. Drawn by competitive prices and luxurious amenities, these buyers view Pattaya as an ideal destination for rental income and long-term capital appreciation. Additionally, Pattaya’s geographical proximity to China makes frequent visits convenient, enhancing the city’s appeal among Chinese investors. Russian nationals form another prominent group of Pattaya property buyers. The city’s warm tropical climate, beautiful beaches, and buzzing nightlife resonate deeply with Russian visitors. Many Russians purchase property in Pattaya not only as vacation homes but also as sources of steady rental income, leveraging Pattaya’s popularity as a year-round holiday destination. South Korea also features prominently among Pattaya’s international investors. Korean nationals are especially attracted by Pattaya’s modern infrastructure, high-quality amenities, and promising business opportunities. Investing in properties here serves multiple purposes for Koreans, ranging from vacation homes and rental revenue to business ventures, reflecting their diverse investment strategies. European nationals too are fine Pattaya attractive, especially the laid-back lifestyle and tropical climate. Of all, its those from the United Kingdom, Germany, and Scandinavia who show interest. For this group, Pattaya offers the perfect blend of leisure, relaxation, and convenience with many in this group seeking properties here as retirement homes, vacation retreats, or for rental income opportunities, enhancing their lifestyle while securing financial benefits. Thai nationals. Interestingly, Pattaya’s appeal isn’t limited to foreigners. Thai nationals, particularly from Bangkok, frequently invest in Pattaya as well. They appreciate the province’s booming economy, rapidly developing infrastructure, and appealing modern amenities. For Thais, Pattaya serves as an attractive choice for a second home, vacation property, or profitable rental investment. Collectively, these diverse groups of buyers are captivated by Pattaya’s unique advantages: reasonable property prices compared to other popular tourist spots, luxurious lifestyle opportunities, excellent accessibility via Bangkok and international airports, a growing economic landscape, stunning natural beauty, and an energetic entertainment scene. As Pattaya continues to grow and evolve, its real estate market becomes increasingly appealing to buyers from around the globe, confirming its position as one of the world’s most attractive investment destinations. Nikhilesh Nagarkar Director, WorldWide Properties WhatsApp +666-1985-7437 nikhileshnagarkar@gmail.com

The state of Maharashtra has always found a sense of equity and security in the concept of cooperative housing societies for creating communities and housing societies. That said, a sizable number of societies and residents therein remain unaware that without legal ownership of land on which the society’s structures are built, they remain vulnerable to legal and financial complications. To mitigate the issue and provide a measure of relief is the “Deemed conveyance”, a crucial provision that transfers ownership rights from developers to societies, ensuring complete legal control. Thus, it is essential and urgent that people understand more about this document, its implications, and ways to obtain it to protect one’s property rights, enable redevelopment, and ensure compliance with legal mandates. Understanding the significance of a Deemed Conveyance Conveyance is the legal process by which ownership of land is transferred from the Developer to the Cooperative Housing Societies (CHS). Under the Maharashtra Ownership Flats Act (MOFA) of 1963, developers must execute the conveyance deed within four months of the society’s formation or within an agreed timeframe. This provision inadvertently tilted things in favour of the developers, with CHS and residents being left out with little legal recourse. Legal luminaries, aware of the likelihood of such a situation, had in the earliest law, the Maharashtra Cooperative Societies Act of 1960, included the provision of a “deemed conveyance” enabling societies to obtain legal ownership through a declaration by the Competent Authority- even in the absence of the builder’s cooperation. Significance of Deemed Conveyance Establishing Legal Ownership Without a valid conveyance deed, as per law, societies do not legally own their land. This situation, quite understandably, causes complications in redevelopment, mortgage loans, and approvals. Deemed conveyance takes away this uncertainty and brings much-needed legal security. Facilitating redevelopment Beyond a point, ageing buildings need urgent redevelopment. Without relevant documents to evidence ownership, societies struggle to negotiate favourable agreements and permissions. Deemed conveyance simplifies all of these processes. Protection Against Builder’s Exploitation In some cases, developers (inadvertently or otherwise) delay the issuance of conveyance deeds to retain control over a property. Deemed conveyance is the panacea that empowers societies, preventing exploitation and unauthorised claims. Ease of Property Transactions CHS members who want to sell their tenements or apply for home loans need legal proof of ownership. In the absence of a conveyance deed, transactions become tedious. The presence of deemed conveyance resolves this issue. Compliance with Legal Mandates Maharashtra Ownership Flats Act (MOFA) mandates timely ownership transfer with delays attracting penalties from developers. Deemed conveyance thus ensures societies too comply with legal requirements and avoid disputes. The Process of Obtaining Deemed Conveyance in the normal course Application Submission Societies apply to the District Deputy Registrar (DDR) of Cooperative Societies with essential documents such as the registration certificate, Index II copies, property tax receipts, and approved building plans. Scrutiny and Hearing The Competent Authority verifies documents and conducts hearings to resolve objections in a time-bound manner. Issuance of Deemed Conveyance Order If valid, the Competent Authority grants a Deemed Conveyance Certificate and executes the conveyance deed in favour of the society. Registration and Mutation The society registers the deed with the Sub-Registrar and updates land records to reflect its legal ownership. Securing a Society’s Future Through Deemed Conveyance Deemed conveyance is thus an essential for cooperative housing societies (CHS) in order to secure their legal rights, facilitate redevelopment, and ensure financial stability. Societies must proactively complete the process to protect their interests, comply with regulations, and eliminate dependency on developers. Obtaining the deemed conveyance document paves the way for future growth and security. Adv. Mukesh B. Zende B. Sc. LL.B. MBA, (Corporate Law) Patent Attorney On Record +919822268068 adv.mukessh@tosslegal.com

A Legacy of Cooperative Excellence Established on August 31, 1995, in Belgaum, Karnataka, Lokmanya Multipurpose Co-operative Society Ltd. has grown into India’s largest multipurpose, multi-state co-operative society, with an expansive network of 213 branches across Maharashtra, Karnataka, Goa, and Delhi. This remarkable growth reflects the society’s firm adherence to its founding values and philosophies of financial inclusion and empowerment. Founded by Dr. Kiran Thakur and his like-minded colleagues, Lokmanya was envisioned as a platform to empower small businesses, support young entrepreneurs, and generate employment opportunities for the youth. Over the years, the society has not only lived up to this vision but has also adapted to meet the evolving financial needs of its members, making it a trusted financial partner. Comprehensive Financial Services Under One Roof Lokmanya Multipurpose Co-op Society Ltd offers a diverse range of financial products and services designed to cater to individuals and businesses alike. These include: Investment Options: The society offers Fixed and Recurring Deposits at highly competitive interest rates, providing members with safe and reliable investment avenues. Insurance Services: Lokmanya provides comprehensive life, health, and general insurance solutions to safeguard the financial interests of both individuals and businesses. Loan Services: A wide range of loan products is available, including personal loans, home loans, business loans, education loans, and gold loans, ensuring financial support for varying needs. Mutual Funds: Tailored to individual goals, Lokmanya offers mutual fund schemes that provide market-linked returns, helping members grow their wealth effectively. Locker Facilities: To ensure the safety of members’ valuables, the society offers secure locker services, providing peace of mind. Unique Selling Proposition: Financial Inclusion with Accessibility One of Lokmanya’s key strengths lies in its commitment to financial inclusion. By offering a broad spectrum of financial products and services under one roof, Lokmanya ensures accessibility to individuals from diverse economic backgrounds. With branches across four states, it reaches urban and rural customers alike, making quality financial services widely accessible. The society’s diversification into mutual funds, micro-lending, and other financial products highlights its adaptability to the changing financial landscape, ensuring it meets the emerging needs of its members. Vision, Mission, and Core Values Lokmanya’s unwavering dedication to financial empowerment is driven by its strong vision, mission, and values: Vision: To empower individuals and businesses by providing accessible and reliable financial solutions, fostering economic growth, and promoting financial inclusion. Mission: To offer a comprehensive range of financial services catering to diverse customer needs while upholding trust, integrity, and excellence in all its endeavors. Core Values: Trust and Integrity: Building long-term, trustworthy relationships with members through transparent operations. Customer-Centricity: Prioritizing the needs of customers by delivering personalized and reliable financial solutions. Inclusivity: Ensuring access to financial services for individuals from various economic backgrounds. Community Development: Actively contributing to the socio-economic upliftment of the community through its cooperative principles. A Testament to Cooperative Excellence Lokmanya Multipurpose Co-operative Society Ltd stands as a shining example of the power of cooperative principles in driving financial empowerment and fostering community development. With its extensive reach, diverse financial solutions, and unwavering commitment to its values, Lokmanya continues to be a cornerstone of India’s cooperative movement. As the society moves forward, it remains dedicated to serving its members with trust, integrity, and innovation, making a meaningful impact on individuals, businesses, and the broader community.

They came about in the year 2018, and are today one of India’s premier training organizations dedicated to providing industry-relevant programs in technology, business, finance, entrepreneurship, soft skills, and lifestyle. With over a pool of over 12000 students, they’ve been bridging the gap between industry needs and the available talent pool. Adding to their array of professions for which they provide job-ready courses now is the field of realty. SIILC, short for SIMACES Learning LLP, it’s a name that always makes heads turn when its about education that gets people the opportunity to create careers and go places! Let’s know what’s so special about them! Comprehensive Training Programs SIILC provides specialized courses in various fields, with a relative focus on education in the field of real-estate, a field thus far considered beyond the pale of education that only experience could teach. This real estate programs covers, among others, property management, investment strategies, legal frameworks, and market analysis with the intent of preparing professionals for success in this growing industry of immense significance. Other key courses include export-import management, hydroponic farming, culinary arts, and franchise development. With over 250 online courses, SIILC ensures accessible and flexible learning for individuals across the globe. Global Reach and Industry Collaborations While the world cowered in fear in the face of Covid-19’s onslaught, SIILC went about expanding the scope of its courses to include international training of students from countries as far away as Sweden, the UK, and beyond. To this end, they have collaborated with top institutions like the Indian Institutes of Management (IIMs) and have worked with MNCs to execute skill development programs under the latter’s Corporate Social Responsibility (CSR) initiatives. These partnerships have been helping bridge the gap between industry needs and workforce capabilities. Empowering Real Estate Entrepreneurs! Recognizing the potential of the real estate sector, SIILC now offers tailored programs for real estate professionals and entrepreneurs who are either part of or intend to be part of this industry that has immense significance. Their courses provide insights into industry best practices, property valuation, and smart investment strategies. The franchise development program also supports entrepreneurs in scaling their businesses efficiently. Future Vision SIILC aims to expand its real estate curriculum with advanced modules in urban planning, smart city development, and sustainable housing. By strengthening industry partnerships and leveraging digital platforms, SIILC continues to shape the next generation of skilled professionals, ensuring a strong impact on careers and businesses worldwide.