Invested in Commercial Property in Pune? Rent it like this!

Finding tenants for your commercial space can be a daunting task. However, many times, we tend to forget to make a legal document or agreement and later just register the lease document after the tenant is finalized!

Investments in commercial properties in a city like Pune have increased over a period of time. However, renting out these commercial properties/spaces often become a tough task. One needs to have an in-depth understanding of the various aspects of giving the commercial property on lease to a tenant. 

If you have been thinking about renting your commercial property, here are some tips and guidelines that you must know before you rent out your property:

Naiknavare Developers: Commercial Projects

#1 Find your tenant: Well, sounds too simple to do, but, can actually take a lot of time in some cases. Finding a suitable tenant is the first and foremost step in leasing a commercial property. If this is taking time, you can take help from an agent to hire the suitable tenant. 

#2 Negotiating on terms & conditions: We suggest you to have pre-decided terms and conditions before preparing the final lease agreement or the tenant. Also, the terms and conditions such as who will be paying the maintenance charges should be well clarified beforehand.

#3 Signing the agreement: Once the tenant is finalized, decide on the terms and conditions for mentioning in the lease agreement. The tenure or the duration of the lease varies from one state to another.

#4 Registering the Lease: This lease agreement should be registered with the concerned authorities by paying the stamp duty and registration costs. Also, keep in mind that no stamp duty or registration costs are payable on the amenities or services agreement. 

We hope these tips were helpful for you!

Also, if you are in search of your 4 BHK apartments in Pune, you can explore some of our residential projects in Viman Nagar. At Naiknavare Developers, we believe in providing better living and lifestyle experiences in our residential projects.

Why Naiknavare Developers for your New Home?

A home is not merely a little living space, but, has a lot deeper meaning to it. Buying a home is one of the most crucial financial decisions one makes in his/her life. Hence, nobody would want to risk their hard earned money in a property that does not satisfy their basic needs.

This is where we feel our projects do justice to their expectations and basic needs. Naiknavare 

Developers Pvt. Ltd. has always been keen on providing quality lifestyle homes that not only enhance the living space of the people, but also, embellish their lives with a perfect blend of beauty, peace and comfort.

We never lose sight of the fact that the reason we remain in business is because of you, our customers. We aim for superiority in architectural design and pride ourselves in execution integrity. Through our projects we provide you with the right blend of aesthetics, practicality and economy because we know it's not just a house, it's your home and eventually, a better lifestyle.



Creating happier communities requires integrated planning, detailing focused on sustainability and sensitive post – possession hand- holding. Our mission is to create efficient housing complexes leading to 'better living', as well as best value appreciation for our customers.

Having an in-depth understanding of the needs and demands of our customers enables us to make their dreams a reality.

Our commitment to quality and our reputation for reliability and integrity has won us the faith of our customers, both in India and abroad. Browse through our website and do contact us if we can be of any assistance to you.

HRA and Tax Benefits from Home Loans?

In our previous post, we had discussed about how you can avail HRA and tax can be exempted in your property. We shall now understand this with the help of the following example:

Consider an employee who resides in Mumbai. He pays rent of Rs. 20,000 per month and his salary is divided into the following components:

Naiknavare Developers

• Basic pay: Rs. 50,000 per month
• Dearness Allowance or DA is Nil.
• HRA is Rs. 20,000 per month which is 40% of the Basic Pay

The exempted amount of HRA from the above mentioned details will be the least from these figures where HRA is Rs. 20,000, Rent above 10% of Basic= Rs. 15,000 (20000-5000) and 50% of the Basic Pay= Rs. 25, 000.

Out of these the least is that of the Rent above 10% of Basic i.e. Rs. 15,000. And hence, in this example, the person can avail HRA tax exemption of Rs. 15,000 per month out of the total HRA that is Rs. 20,000 per month.

Therefore, the net taxable portion of the HRA would only be Rs. 60,000 per year.

Net taxable portion of the HRA = Total HRA received per year – HRA tax exempted per year

It is important to note that the house rent allowance can be claimed if the following conditions are fulfilled:

• The person is an employee and is salaried
• He/she receives HRA as a part of his salary
• He/she is not a resident of the same city where he/she has his property
• He/she pays the rent of the house that he is staying in as a tenant and has a valid agreement of the same

The HRA tax exemption is done based on monthly or yearly basis depending upon whether the above mentioned clauses remain same throughout the year or vary during the year.

Read More:
1) Confused how home loans can get you Tax benefits?
2) Understanding EMI calculations
3) EMI: Evaluate, Manage and Impliment?

The Slum Rehabilitation Brings Life to People, Naiknavare becoming Leader in Real Estate Industry

The developing city of Pune may have gone a long way. From the humble city, Pune becomes a favorite among entrepreneurs as they saw the potential of the city in terms of business. There are more people who have been into investing resources and already found success in Pune. The increasing number of people residing in the city also means an increase in the demand for temporary shelter and permanent residence.

Prathama - Ramindia Group

Naiknavare is a real estate developer that values their projects. They are focused in making the lives of the people better. It is not just about providing home, it is all about the services and the design they create to enhance the living condition of the residents of Pune. They consider each customer important because without them, they will not reach success and remain in the business for years. Their commitment of quality service and better lifestyle is among the pride of the company.

Prathama

Naiknavare also extends help their brothers in need. Their slum rehabilitation project change the lives of the thousands who have been living in the slums. The rehabilitation project uplifts the live of the people and giving them access to decent homes and better lifestyle.

The Ramtekdi slums are the pilot project of the company. Almost 15 acres of land was dedicated for this project along. The 11 story buildings will provide decent home for the thousands of dwellers in the slums. Access to various civic and social amenities will be provided to the residents. There will also be some extra housing units for migrants who wish to share common area with them. The income that will be generated from the migrants will then be used for the upkeep of the buildings.

Prathama - Naiknavare Developers

Because of the success of their slum rehabilitation projects, many other projects follow and more people will now have access to decent homes. More migrants will be given permanent spaces and can live comfortably in different parts of India. With their continuous service to their customers, they are now ready to take advantage of this rare opportunity to have a decent home that is affordable to everyone. The uplifting of the lives of those in the slums are now visible and their future is brighter.

The company is known for its projects in India. It has shaped the country and leads to the development of the nation. With their commitment to serve and preserve the people and its environment, Naiknavare remains the leader in Real Estate.

Pune international Film Festival – Season of creativity at its best

Pune has been popular across the globe for its IT sector and youthful crowd. Apart from this, Pune is also known to host 'Pune International Film Festival' that provides a great platform for creative minds from the country as well as international film makers. The city is indeed a a celluloid lover’s paradise as it is also home to Film and Television Institute of India (FTII) the premier film school of the country, as well as the National Film Archive of India (NFAI). Both the places located closer to each other has gifted the country's film fraternity with a list of talented filmmakers, actors and technicians and the other skilled professionals, without which the industry would not be in a strong position as we see it today.

Naiknavare Egles Nest - Siteout Area

The Pune international Film Festival also known as PIFF was born in 2002 with an aim to attract the best of celluloid lovers to the city to further refine their skill-sets. The last 12 years have been pretty much historical to the organization. The event held every year is marked as an important date in the calendar of film buffs, filmmakers and all from the film fraternity across the globe as it entertains, inspires and awes them to newer heights. The upcoming 13th Pune International Film Festival is scheduled to be held from 8th to 15th January, 2015 and promises to more inspiring than its previous events. Speaking more on the upcoming event, Dr. Jabbar Patel, Chairman and Director of PIFF said, “With the backdrop of 12 eventful editions, the 13th version of PIFF promises more variety, more movies and greater insight and entertainment into the international cinematic world.”

Naiknavare developers has been one of key real estate developers in the region and has been delivering projects for over a decade with a philosophy of doing a service to the industry that helps in designing and delivering a better life to investors who lay their trust and belief in the group. Over time the group has worked on projects like schools, hospitals, residential apartments and commercial spaces that have indeed withstood the test of time.

Types of buyers and residential project offering in Pune

The Spires - Aundh

Owing to steady growth in the IT sector, the city of Pune has also stood as a witness to rapid growth of construction in the region. Owing to good opportunities in the IT sector, migrants from all over the country land-up in search of better job prospects and opportunities. A resent statistic has revealed that  Pune has only about 20% of homes that are occupied by original owners, whereas a majority of about 55% are investors who intend on leasing out their apartment.  A third category of people has also been identified in the Long Term Appreciation investors who would not lease out their property but would wait for the right time for sale when the prices would go up.

Be it an investor or an individual buyer who has been planning to relocate, its important to have some vital bit of information while going for a residential projects in Pune or looking out for luxury apartments in Pune  Going for a property like a Villa or Bungalow in Pune shall give you a complete right over the property, and right from its maintainence to taxation, you would be liable to look after. While looking for housing society residential projects in Pune you need to understand its three types - Tenant Ownership Housing Societies, Tenant Co-Partnership Housing Societies, and Other Housing Societies

• Tenant Ownership Housing Societies – This type primarily refers to housing societies where land may be held either on leasehold, or on freehold basis by societies and houses that are owned or shall be owned by members. The decision making right lies with the owner of the land who has been legally mentioned on leasehold, freehold, ownership of building document. The decision shall be vested in the interest of individual members.
• Tenant Co-Partnership Housing Societies - These are societies are based on land that is bound by ownership or is on lease and has constructed flats thereon for the benefit of members who occupy them. Its members hold a right to building and property based on right to occupancy which right is transferable by transfer of shares to other members in accordance with the provisions of the Act.
• Other Housing Societies – These type of society are also known as house mortgage societies, or house construction societies. House mortgage comes with an objective of advancing loans to the members and to its society members for development of security on land and houses.

Town Square by Naiknavare Offers One of Best Commercial Spaces in Viman Nagar, Pune

The city of Pune, the second largest city of Maharashtra is well known for world class educational institutes, local culture, automobile plants and booming IT sector. The Naiknavare Developers is the name that you may come across while looking for trustworthy projects from renowned developers in Pune. The projects undertaken by the group are said to be based on strong fundamentals and vision that ensures that it withstands the test of time, be it construction of schools, hotels, homes, commercial spaces or business establishments.

While searching for commercial properties in Pune you may have come across the Town square project from Naiknavare Developers located at Viman Nagar area in Pune. Viman Nagar being strategically located at just about 6 kms distance from Pune’s railway station and half a kilometre from the military’s air strip brings functionally lucrative offers to customers looking to invest in commercial properties in Pune. Moreover, Pune‘s only international and domestic air strips has been a center of attraction for developers looking for commercial properties in Pune. It is said that prior to Independence the area had been known as Dunkirk Lines.


The Town Square project by Naiknavare Developers located in Viman Nagar shall emerge as one of the strongest commercial properties in Pune. Naiknavare developers in Pune oppose the idea for a glitzy 'Mall Model' and rather choose to use world renowned Australian and European models. Professionals and investors who have been looking for investment in commercial projects in Pune have now one lesser reason to complain about. The Town Square has been smartly deigned to give you more space and deliver an ideal mix of brands that gives users more option to choose from.

The Town Square project by Naiknavare developers boasts of modern amenities like 4 Automatic lifts, ample visitor parking space, Central CCTV system for security, 100% DG power supply backup for Offices and common area, Wi-Fi internet for visitors, and Fire Hydrant & Fire Fighting Systems with Sprinkler & Smoke detector System. Naiknavare group has further added up the style quotient of Town Square with a well decorated main entrance lobby. Post the mania for apartments in Pune, developers in Pune are now venturing into development of commercial properties in Pune region. The Naiknavare developers has been a well known brand here who has been known for their contribution in 1, 2 and 3 BHK apartment, but this time around the brand shall also be a known name among commercial properties in Pune.

Why Should you Invest in Commercial Projects in Pune

The scene for commercial property in Pune is getting hotter by day. If you have any plans on cards to buy property in commercial projects in Pune, then here is something which might help! We present to you, why should you get closer to investing in commercial properties!

1 . Great for income & Returns

There is a nothing like a commercial property for substantial financial benefits – long term leases, business profit and capital gains. However, the property has to be invested in wisely, with an expert’s advice. Having done that, there is an incredible income potential and long term security with high returns on leases. 

2. Less Competitive

Inspite of the unlimited opportunities in commercial real estate, commercial projects in Pune are often overlooked. That is why this segment is comparatively less tapped than residential properties, which hog the limelight when it comes to owners and investors.

Commercial Property in Viman Nagar Pune – Town Square Shopping Center from Naiknavare Developers Pvt. Ltd.

3. Better Opportunities, Better Investments

The best part about commercial projects in Pune is that the place where you invest does not matter much like in a residential property. That is because leases on commercial properties tend to be longer than on residential properties.

4.  Different Process of Value Appreciation

Rates for commercial property sales are determined based on how revenue is generated at that particular location, and then compared to that of similar commercial properties in the area. This process is unlike that of residential properties. 

Among commercial projects in Pune, Townsquare by Naiknavare Developers Pvt. Ltd is a very popular one. Located in Viman Nagar, it is a perfect place for businessmen to grow their business. At the same time, because it is not one of those typical commercial projects in Pune, consumers too get a pleasant and memorable shopping experience here. As it is based on the successful Australian & European models, it provides a perfect setting for consumers as well retailers to thrive!