Amendments in Real Estate Bill to benefit home buyers

Are you aware of the amendments proposed in the Real Estate Bill?

What is exactly the Real Estate bill?

For your knowledge, the Real Estate Bill is a bill that was proposed to bring in more transparency in the transactions taking place in the real estate industry. The features of the bill speak of having a regulatory authority to take control and monitor the development of projects, the details set out  by the builder and developers, the pricing of the projects, etc.

The Real Estate bill that was applicable to only the residential real estate is now made applicable for both, the residential and the commercial real estate. This will enable complete procurement of information and details about the real estate projects in both, the residential and the commercial real estate.

With the amendments proposed in the real estate bill, the home buyers can look forward to take possession of the new flats/properties on time. With the acceptance by the housing ministry of the parliamentary panel’s recommendation on the real estate bill that bars the developers to extend or rather divert more than 50% of the amount received from the buyers towards other new projects.

Initially, according to the original bill, the state governments were allowed to lower the limit while now, post approval of the amendments, the ministry has agreed to the panel’s recommendation to empower the state government to make strict provisions and raise the 50% threshold but not lower it.

So, if you have already invested or bought a flat in a location like Baner (this region is expected to give the home buyers variety of options of properties to choose from in coming time) and have not yet got the possession of the flat, then this bill will help you get your property on time.

For those of  you who are searching for fabulous residential properties in Baner with a fine-tooth comb, this bill will ensure you get your home keys in hand on time without any delays as been happening over the years. 

Naiknavare Developers Brings You Closer to Nature with Dwarka Project

Naiknavare Developers has been a strong name behind major projects in Pune region. Developing commercial spaces, and building homes, schools and hospitals that can withstand the test of time is a natural trait from this developer. Naiknavare Developers made its debut in the city way back in 1986 with a project in Tulshibagwale Colony. Since then there has been no looking back for the group and it has been delivering some of the most magnificent projects in Pune region.

Looking for a 2 BHK or 1 BHK flats in Chakan? Look no further as the Dwarka project by Naiknavare Group offers some of the best 2 BHK or 1 BHK flats in Chakan. The Dwarka project from the group spreads over 130 acres in Chakan. Unlike other residential projects in Pune the Dwarka project from Naiknavare Group is based on Bharat pattern – a township for people from different strata of the society. The city of Pune has emerged as a strong city for education, business and IT sector in India, and hence investors for projects in Pune can expect good gains in long time.

Speaking more about this Dwarka project in Pune, it has received MoEF clearance for environment friendly development. The internal roads are adorned with plantation and has ample parking space for visitors too. Moreover unlike other projects in Pune, this Dwarka Project by Naiknavare Group has received about 6 acres of central forest garden that also has dedicated play area for kids and senior citizens. The complex also has, 'State of the Art' Sewage Treatment Plant that enables water recycling that can be reused for gardening and washing. The complex shall also have a shopping complex that shall feature convenience stores and eateries. Furthermore, the electrical power substation ensures sufficient power supply in case of an emergency.

The 1 BHK flats in Chakan at Dwarka are also equally mesmerizing as does with its 2 BHK flats. Some of the other projects in Pune do not follow sector wise development like the Dwarka project that facilitates easy management and brings about a good urban environment. The complex also offers specialty sports complex that lets active users spend time within the complex. Stepping back to history, Pune has been a strong political center in the Indian subcontinent since the era of Maratha Empire when the Peshwas ruled the place. Investing in projects in Pune can also prove to be a good deal owing to its proximity to country’s financial capital Mumbai.

A Classy and Delightful Haven with Comfort and Convenience

Luxury Pune properties have been getting a lot of exposure, mainly because it is a much more vibrant segment in this city than in Mumbai. With times, the city has witnessed too many luxury projects comprising of 3 and 4 bhk flats in Pune along with the best of lifestyle features and interior specifications. 

However, the fact is that these luxurious Pune properties gets the best buy by the NRI’s and HNI’s, who aim at purchasing such homes for personal living. This steady demand for high end homes is only due to more and more high-paying jobs created every year. At the same time, more and more NRIs from Pune who have completed their high-paying tenures abroad are returning every year. This is why developers continue to see sense in launching premium and lavish residences along with high end lifestyle amenities. 

Welcome to the Spires: Exquisite 4 BHK Flats in Aundh for the Elite Class

With a higher demand for luxurious 3 or 4 bhk flats in Pune from self-use buyers, The Spires offers the connoisseur’s delight at Aundh. Spread across 18 storey Twin Towers, it offers exquisite 4 and 4.5 bhk residential apartments & penthouses. A unique endeavour by Naiknavare Developers Pvt. Ltd, a renowned real estate brand in Pune, this Pune property host fine living amenities like landscaped garden, double-height air conditioned Sky Lounge with ample parking spaces. 

Aundh ensures easy connectivity to daily needs from shops to hospitals to schools & entertainment hangouts making these 4 bhk flats in Pune a classy and delightful haven with comfort and convenience.

Find a Commercial Property on the Urbanized Belt of Pune

Viman Nagar has got its name from the air force station present in the area. Located near Lohegaon airport, the place offers much-improved road network, good public transport and can be easily reached from the airport as well as the railway station.

With the progressive development going on at Nagar Road, the entire stretch from Viman Nagar to Wagholi has witnessed the substantial growth in residential, commercial and retail sector. Initially, the real estate in Pune at Viman Nagar was looked as a prospective location due to its close proximity to premium neighbourhood Kalyani Nagar and Koregaon Park. However the arrival of IT sector in the vicinity has become the main USP of this area today.

The IT segment and multinational service industries has attracted many investors to this part of town. Development of residential and commercial infrastructure over the years has now made Viman Nagar, one of the most preferred areas for the migrated software professionals. Good connectivity and public transport have played a major role in the drastic development on this belt.

The Nagar road has been widened to six lanes. Also, the area is proposed to be a tangent to the ring road which will be planned to surround the city. Numerous such developments have enhanced the real estate in Pune from Viman Nagar to Wagholi. With more infrastructure projects in the pipeline, the area is set to be one of the most preferred residential and commercial options in the city.

Commercial Property in Viman Nagar Pune – Town Square Shopping Center 

Town Square Shopping Centre offers commercial office space in Pune at Viman Nagar. This commercial project is developed by Naiknavare Developer’s Pvt Ltd - one of the trusted and popular developers in Pune. It is a perfect place for retailers and business professionals, who haven’t so far found the right commercial property to establish their business at this fostered belt of Pune.

The Rising Interest of NRIs in Properties in Pune

NRI’s are always on the lookout for real estate investments that offer assured and stable returns on investment. With around 210 software companies in Pune and rising demand of residential apartments, NRI investment in Pune real estate market is growing. Most NRI’s prefer to invest in residential apartments that can earn them handsome rental returns and will also appreciate in value when put for resale.

NRI’s majorly are inclined to invest in luxury homes as well as high end residences in metro cities. NRI investment in real estate has seen a considerable rise in under construction residential projects nearing completion as there are certain benefits associated with that. Non-resident Indian property investors who are focused on good rental income are always on the look-out for projects in areas with sustainable demand from potential tenants.

With regards to residential property, such investors prefer to invest in the projects developed by reputed builders. Easy home loan availability by financial institutions in India, NRI remittances and repatriation procedures has also provided a boost to NRI investment in the real estate segment. NRIs prefer to invest in real estate than any other form of investment largely due to high return on investments.

To mention about the challenges NRI face for investing in real estate, they are not familiar with the locations that work best in favour of residential property investment and also with some legal procedures.  Hence NRI’s ask their relatives or close associates in Pune to co-ordinate with reputed developers and also enquire about brokerages. It is not lost upon the property investors that expecting substantial short-term gains on their investments is unrealistic. 

Such investors are not looking for instant gratification or handsome benefits on investment in a short span of time. They are serious long term investors. Amongst most of the trusted developers in Pune, Naiknavare Developers Pvt. Ltd offers some very good property options for NRI’s to invest in. With experience spanning almost 3 decades and projects in Pune, Navi Mumbai & Goa, Naiknavare Developers Pvt. Ltd is a reliable choice for NRI investors.

The Need for Property Maintenance Services in Pune Real Estate

A significant advantage of buying a residential property from a reputed builder is that you can be rest assured about the maintenance of your home. For instance, if you have a garden in your compound or have a solar panel, you must either do that task yourself or hire someone’s services. Hiring someone relieves you of a lot of burden from your other daily work. Let us look at certain advantages of property maintenance services.

What do property maintenance services include?

Some property developers offer the following services as a part of their after-sales support:

1. General maintenance, repairs and other civil works
2. Maintenance of safety systems and fire-fighting equipment
3. Maintenance and repairs of electrical wiring and installations
4. Supply of security personnel
5. General house-keeping services
6. Landscape maintenance
7. Waste management and periodical cleaning service

The Benefits

If yours is a busy family with a schedule that leaves you wishing for a 48 hour- day, the best thing would be to rely on property maintenance assistance instead of trying to manage or handle every aspect of property maintenance yourself.

Another important aspect is the quality of property maintenance services. As a group of professionals handle the work, the results would be better than what you can expect if you do the task yourself. This is the best part of delegating maintenance tasks to professionals. Maintenance is an on-going process and so it requires constant monitoring. Most importantly, you can focus on other crucial things if the maintenance of your property is taken care of efficiently.

Naiknavare Developers Pvt. Ltd is a name to rely on in the field of property maintenance mainly because of the brand's commitment and support for the customers. Apart from selling superior quality properties, they have also been providing property maintenance services as a part of their after-sales support. That is what has made the brand a class apart since almost 3 decades now.