Factors That Can Increase Your Property Value

The real estate business and its growth are correlated based on various factors. Investing in the right real estate market can offer you good returns if the factors that appreciate the value of the property are in your favor.

Here is a question that may come in your mind easily - What causes property value appreciation? In real estate, appreciation is a concept that defines the increase in the property value because of some factors that influence the rate. Real Estate appreciation happens because of many factors like household finances, economic trends, consumer confidence, the locality & neighborhood, features of the property, social infrastructure in the area and the reputation of the trusted builder etc. which are the major drivers for the appreciation in the property value.

Everybody loves the amenities including interior facilities, exterior ease together with location and architecture. People are seen buying homes in a prime location of Pune as these homes are offering the mentioned advantages.

Let’s have a look at some of the factors that are responsible for property value enhancement:

The locality and neighborhood

We all know how people chant about location while buying a home. But, what does this mean in practical terms when it comes to appreciation of the property value? Many economists define location as hedonic pricing and for many homes, this related to some key factors that impact the lifestyle of the owner:

You need to look for the targeted property is located in a developed, developing or a location which will witness development in the future. Also, you need to see if your property is on a highway or is surrounded by a peaceful location. If your property is close to any main roads, you need to take advantage of it and the market it accordingly. Closeness to offices, medical services, shops and schools should be other factors for young families while buying a home. Property surrounded by local amenities and better transport facilities would definitely enhance the value of the property.

Features of the property

The features of the property also matter when it comes to appreciation of the property. The features here mean floor on which the flat is built, interior amenities like flooring, walls, passages, internal lighting, built quality, size and appeal, etc.

Social infrastructure in the area

Social Infrastructure is about the architecture and its maintenance near our homes. People love to take a walk around the beautiful gardens, footpaths and pavements with greenery surrounding them. Get your home in a location where there is a serene social infrastructure for your own good. Your property surrounded by public facilities like schools, healthcare, and transportation will definitely get a good return in the future.

The reputation of the builder

In the metro cities, the number of builders prevails over the appreciation of the property values. People take good care of buying properties built by real estate developers with a good reputation. Selling your property becomes easy and simple if it's developed by a prominent developer.

If you are looking for a property to invest in recently, these points are surely going to help you to make the right decision. Check for these points and make a better move. If you are looking for a property to buy in Pune, check out premium quality 2BHK flats in Pune by BramhaCorp, one of the leading realtors of Pune.

Benefits of Living in a Home with No Common Walls

Get more privacy per home

Usually, apartments are built with structural features that are shared with the other apartments that are close to them. Keeping this in mind, there is a common picture that the residents are always experiencing some or other kind of disturbance from their neighbors. Just for an instance, if a resident wants to enjoy their high pitch music or watch a football match with cheers and loud noise, there is a chance that the neighbor next door may get annoyed or disturbed easily.

In metropolitan cities like Pune, apartment dwelling has become the most preferred living option. The rise in demand has resulted in space limitations to develop residential options. The real estate picture is getting used to this situation by incorporating minimal designs in flats and apartments which are often harming the concept of living with a peace of mind. For this reason, choosing apartments with no common walls is a smart choice for anyone.

At BramhaCorp, we understand the current trends and requirements of our respected property buyers. After analyzing the exact need of the time, we have come up with Exuberance Elite at NIBM Road, a project that has apartments with no common walls and open on three sides. NIBM Road is a prime and one of the happening areas in Pune and today, many apartments in NIBM road have the same issue of having common walls and privacy.

Here is why Exurbence Elite, a residential project from BramhaCorp, is preferred by Puneits:

• Ultimate Privacy

Without any shared walls, the sound that transmits from one apartment to other, privacy can be enjoyed at its best in these apartments. From the loud TVs to cheering chit-chats to babies crying at night, any noise that can cause disturbance to the residents is instantly eliminated in the independent apartments.

• Natural Daylight

Apartments with no common walls are open on three sides that can allow an ample amount of daylight for natural illumination. And hence, during the day, the apartment will have a good light that will create a warm, homely and welcoming ambiance inside the house. With natural light in ample amount, power consumption is also reduced with the additional eco-friendly lighting features over electric sources is another benefit worth noting.

• Proper Ventilation

The multiple entry points will also assist in making sure that an uninterrupted flow of air inside the apartment. With the fresh air flowing through, the units have also proper ventilation which will prevent the hot air from coming inside and also maintains a comfortable, fresh and cool ambiance by pushing out the stale and old air. The design with no common walls also helps take the advantage of breezy days to its fullest, also becoming more energy efficient and a perfect alternative to air conditioners even in the hot summers.

To get the above three benefits together with more privacy and enjoy the peace of mind every day, choose apartments with no common walls today! To know more, click here.

Bavdhan- An Ideal Location for Living

Have you been looking for a house at a peaceful location, slightly away from the hustle-bustle of Pune but still close to the main parts of the city? If yes, then choose Bavdhan- which is situated among small greenery-clad hills, which can be an ideal location for you. It has been one of the most popular suburbs in Pune since last few years.

Bavdhan differentiated in two areas - Bavdhan Budruk and Bavdhan Khurd. Bavdhan Budruk still comes under the GramPanchayat, so the pace of development is growing at a snail’s pace. Bavdhan Khurd is a rapidly growing area due to buyer’s preference, excellent projects by leading real estate brands, great connectivity and convenience. Let’s see what other things that make Bavdhan the desired destination.

1. Easy connectivity

Accessibility is an important aspect while choosing a place to buy a property. Bavdhan is well connected to Chandni Chowk, Kothrud, Pashan road, Baner, University road and so on. The PMPML bus service of Pune Corporation has competent service in this area. The upcoming metro project till Kothrud also makes commutation easier. The Pune railway station is 12 KM(approx.) away and the Pune international airport is 18 KM (approx.) away and Intercity bus stand is also at a drivable distance from Bavdhan. More importantly, it is easily connected to western bypass highway.

2. World-class Infrastructure

Infrastructure is a pivotal thing in the development of any area. Bavdhan has wide and open roads, clean and soothing surroundings, civic amenities and local transport bus service etc. The infrastructural growth coupled with the natural beauty of this place makes it more preferred destination to settle down.

3. Entertainment

At the end of an exhausting week, we need an escape from the daily routine and Bavdhan does not disappoint you here as well. The area near Chandani Chowk which is known for many famous restaurants that offers you loads of options to enjoy with your loved ones.

4. Educational facility

It is always great to have the educational facilities within reach. Bavdhan offers faster quick access to many reputed CBSE, ICSE and State board schools and colleges, which are well connected by the school or private transport facilities. The Savitribai Phule Pune University (earlier Pune University) is also only at 7 KM (approx.) away from Bavdhan. Also, it possesses easy travel to renowned colleges like, NICMAR, Sinhgad Technical Education Society, Symbiosis Institute of Media & Communication, MITCON etc.

5. Healthcare

Faster access to well-equipped hospitals is necessary today. Bavdhan has many multispecialty hospitals within the radius of maximum 10 Kms. These hospitals offer all the modern medical facilities needed for complex health conditions and emergencies.

6. Proximity to IT Park

It will not be an exaggeration, if we say Bavdhan has become a big, famous and favorite house for numerous of IT workers. The Hinjewadi IT Park is just 14 km (approx.) away from Bavdhan, while areas like Pashan, Aundh, Baner, Wakad houses many small and midsized companies, that can also be reached within the drive of few minutes. The IT Park has complemented Bavdhan too as the infrastructural growth is substantial here. Some of the top list real estate projects like Vantage Plus and Vantage Tower are situated in Bavdhan.

Bavdhan is truly a wonderful place to settle, as it is free from city rush , close to nature with a pleasant environment. Still, it doesn’t keep you away from the happenings of the city and you can easily commute to every corner of Pune. That is why real estate developers have shown a huge interest here. All these attributes of Bavdhan, make it one of the most desired places for people to invest in.

Traits that define a good real estate developer

The leading entities of every industry enjoy the greatest opportunities, success and reputation. Customers look for certain characteristics in the service provider before they choose and associate with them. Though, choosing an ideal provider or company is tricky but it is not impossible. With the real estate industry booming as a trending investment option, consumers look for ambitious investments in this industry with trusted real estate developers. 

The successful real estate developers are not made overnight. Anyone can be real estate developer, but certain qualities and traits are required to attain that zenith of success. Let us see what those traits are.

Nowadays, to help customers with the better transparency of real estate investment, RERA has mandate few guidelines. And every real estate developer has to follow them. RERA is a key point to consider these days. Let’s discuss, apart from RERA, what all other things you need to consider while investing in property.

· Legacy

Legacy is something everyone leaves behind for the successors, a heritage that will stay with them for years to come. In the real estate arena, a great legacy is established on the foundation pillars of values, work ethics, the excellence of work, and success of projects. The company leaders have a huge role to play. Their leadership, decision making and more importantly ability to deliver quality project decide the journey of the company. Having a rich legacy will cement the company’s position in the market will help them grow further.

· Past Projects

The projects of a company reflect the company’s stature in the market. If the past projects have struck the right chord with the customers, then the company’s reputation is strengthened with every happy customer. A series of great projects represents overall success and proves that the company studies the current market situation thoroughly and delivers work according to the changing needs of the buyers. Successful projects attract more investors in future and showcase your project-handling capabilities. In the real estate industry, the experience of creating premium projects like luxury villas, resorts and 20+ story apartments gives the company an edge over the competitors.

· Awards And Accreditation 

Awards and accreditations received by a company not only talk about its achievements but also the recognition it has from the industry authorities. Check if your real estate developer is awarded by some prestigious organizations like MCHI-CREDAI, CRISIL, Realty Plus, Estate Worlds, Pune Real Estate Awards and some international awards like Asia – Pacific Awards and so on. These awards and accreditations are equally important as the testimonials of satisfied customers are.

· Credibility

Before investing in any real estate project, we always think about how reliable or trustworthy the developer is. Credibility establishes a great nexus in the real estate industry and attracts the potential buyers. If a firm is delivering the projects on estimated time with supreme quality and great service, then the company will gain trust from not only the customers but also the potential buyers.

· Transparency

When there is clarity in business relations, it automatically helps in gaining the trust. For real estate developers maintaining the transparency is very important, as it will be a catalyst to get future projects.

These traits are found in the popular and trusted real estate developers like BramhaCorp and every real estate company strives to imbibe these traits, which ensure an efficacious business journey.

Reasons Why You Should Invest In Ready- possession Homes

When it comes to investing in real estate, the question of whether to go for an under construction site or a ready possession home always arises. Ready possession homes do come at a higher price than under construction sites but, as every coin has two sides, they have certain benefits too. Let us have a look at the beneficial side of the coin.

Great Deals:
Ready possession projects have some great deals to offer and thus you can get your home at a much cheaper cost than you had anticipated. You can get great deals in prime locations of the city. Under construction sites don’t have that privilege, as normally the payment for these sites is made in instalments and thus it is costlier.

Buy What You See:
When it comes to buying houses, it is preferred that you buy what you see. In this way you can get a better idea of what interior you can do to decorate your home. You also get an idea of the furniture you need to use, or how can you use your existing furniture and so on. This also gives you a fair idea of how much money you require to invest in interiors.

Immediate Delivery
The delivery time period is one of the major uncertainties when it comes to buying a flat which is under construction. The more the delivery time is delayed more is the EMI which one has to pay. This can be really frustrating. Therefore investing in a ready to move in flat can be of benefit if we look at it in terms of financial planning.

Well Settled Neighbourhood
The best part about buying a possession ready flat is the well-settled neighbourhood which you get along with that. When you move into a newly constructed or an under construction project it takes a lot of time for the things to run smoothly. However, when it comes to ready to use flats, this problem is also solved as you move into a well-settled neighbourhood where all the facilities like clubhouse, swimming pool, gymnasium are all functioning and you can enjoy these amenities immediately as soon as you move in!

Rental Income
Rent is one of the expenses which you can immediately get rid of. You can move in and save your monthly rent expenses as soon as you get the keys to your flat. In case, you already have a house this can also act as your investment where you can get returns through rental incomes. Thus, you move in or not, you can always get rental income when it comes to buying ready possession apartments.

Looking at the advantages of buying ready possession flats, we can see that we will definitely be benefitting from the same. BramhaCorp is offering ready to move in apartments across various prime areas in Pune city. Come and reap the benefits today and get to experience the luxurious lifestyle at BramhaCorp!

How To Decorate A Rented Home

Most of us at the beginning of our career may not have the opportunity or means to buy a home for ourselves and thus spend a major portion of the period in rented homes and apartments. When you have rented a house suitable for you, the decoration of the same according to your convenience is very difficult as this requires very tricky steps. This is because many landlords do not permit permanent changes to be made to their buildings or houses.

There are many difficulties that a tenant may face while thinking about home décor at their rented homes especially when it comes to flats in Pune, Mumbai, Delhi, Bengaluru and other metro cities, and one must be cautious about the same.

Restrictions: The most worrisome thought that comes with a rented house is that you cannot repair or renovate the house as per your choice or preference. Once there is a requirement to repair it, you need first to inform your owner and with his due permission. Sometimes it takes a lot of struggle, to get the scope to resolve your problems in the house.

You cannot choose your pick: When you are living in a rented house, you need to be always cautious about your landlord’s likes and dislikes. In this effort, your choice and preferences are likely to be neglected in most of the instances, and you would have to live with what your owner prefers.

On the other hand, there are also landlords who happily allow tenants to make small changes or repaint their homes with a promise from the tenants to return the home as it was before. There are also ways for interior décor by which you can relive a rented space as per your preferences without disturbing your owner at all. Here are some tips to make your rented house reflect your personality and choices with just a few additions and alterations.

• The most attractive elements in beautiful homes are the walls. Most of the rented homes come with white painted walls, and the landlords do not like any alterations in them. So, without disturbing the owner, you can make it your pick by adding a few patterns and designs of your own to the home décor.

• A smart way to highlight the most important parts of your home is to light up the area with a hanging lamp. This also helps lend a personal touch.

• You may not be happy with the outside space of your rented house. Spruce it up with a plain Jane patio that is sure to give you the feel of extra room. Decor it with your choice of art pieces.

• If you are not happy with the wall colour, you may also use some temporary wallpaper that can be easily pasted and taken off whenever you feel like.

• In case there are curtains already present, but not pleasing to the eye, you can add new ones according to your style preference. If there are no provisions for curtain rods, you can always create DIY curtain rods with the help of super- strong hooks available at any hardware store.

Until the time you move in to your own home, these ideas of budget décor are sure to prove highly beneficial in giving you the feel of your own space though rented.

The Driving Values Behind Brand BramhaCorp

If you are planning to make a lucrative investment in the real estate market in India, then Pune is undoubtedly a premium location that would serve all your present and future requirements. The city is a calm and beautiful place with a soothing climate that offers investors and homebuyers with a range of options to invest in. From leisure, retail, commercial, to other horizons there are endless investment options in this city that can offer you great returns in the future.

But just like any other region, even investing in Pune needs one to be cautious. You need to be watchful and make sure that you invest in a trusted project from reputed builders who can fulfill all their promises as per the decided time line. There are numerous builders in Pune who can offer you premium projects catering to all your needs, but ensure that you associate with one that is trustworthy and possesses complete market knowledge. Out of the various names in the list, one of the best and reliable real estate builders and developers is BramhaCorp.

The brand is an established player in the real estate sector that intends to offer elite solutions to its customers. Its previous projects like Le Meridien, Residency Club and the first advanced and modern, residential gated project - ‘SunCity' have become Pune’s benchmarks.

The corporate culture of the company is based on strong values that are reflected clearly in their actions. These values are as follows:

• Customer Satisfaction – This group has been able to avail lasting success as it always believes in making its customers happy and catering to them in the most optimal way.

• Innovation – BramhaCorp aims to offer services and products that are innovatively thought and designed. Their innovation and creativity reflect in their action, and the company always intends to provide customers with solutions, which they are otherwise not able to achieve from any other source.

• Associate Engagement –This is another important driving value of this leading group. The company is always hunting for intelligent talent that can offer clients with unmatched solutions and services.

BramhaCorp is one of the few brands which has earned a reputation built on lasting customer loyalty and trusted relationship with the customers. The company believes in developing an on-going relationship with the customers and hence intends to offer products and services that can proficiently meet the requirements of modern customers. With its on-going investments and elite solutions, BramhaCorp plans to become a global leader in the real estate segment.

Presently, it is constructing more than 2,000 residential projects and would also be introducing 4 new hotels. In addition to this, the company has also lined up an establishment of integrated townships, apartments of 2 & 3 BHK in Pune, upscale residences, and mixed use establishments. The company’s customers are its best endorsers as the entity has always aimed at offering its clients with excellent solutions and transparent dealings.

Pune provides investors with an option to invest in all types of properties. You can find affordable housing as well as luxury homes in Pune, to make an investment that reaps fruitful returns in the future. When you select a property, just ensure that it holds superior quality and is structured with modern standards. So, if you are planning to invest in Pune, then do check the latest options introduced by reliable brands.

Meander, Premium Homes With a Vibrant Neighbouthood

Meander by BrahmaCorp, which was the upcoming project in Pune is now nearing completion with premium homes, is designed at a desirable location in the neighborhood of Kharadi. It is a prudent area with excellent connectivity. These homes render all the conveniences within a radius of 2 km.

Why Meander?

The homes are built with:

• A safe and stunning roof top swimming pool that ensures privacy
• Three-side open apartments providing good ventilation and light
• Wave architecture for optimum sunlight and cross ventilation
• All apartments have sweeping VISTAS of the city
• Solar hot water connections in bathroom

Types of Apartments: 2 BHK and 3 BHK flats in pune

Specifications:

• Tiles: The living, dining, and bedrooms showcase Vitrified tiles. The terraces and dry balcony have anti skid/Ceramic tiles. The bathrooms have designer dado tiles. The Kitchen bears durable granite top platform and dado tiles above granite platform. 

• Paint: The cement and paint of external walls bears superior quality acrylic paint and internal walls have superior P.O.P wall finish with acrylic emulsion. 

• Door/Windows: The apartment has a decorative main door, three track sliding powder coated aluminium doors with stainless steel mosquito nets, granite door/window frames for toilets and all windows and wooden frames for bedrooms.

Apart from that, piped gas connection, modular kitchen trolleys and water purifier is provided in the kitchen.

Lastly, concealed copper wiring is used with circuit breakers for electrification. T.V, AC, inverter, telephone and internet points are provided with premium quality switches.

Other features:

The residential project is fully earthquake-proof with power backup for lifts and common area. The society offers ample car parking area.

This project from top real estate developers in pune is a worthy investment option beyond doubt that provides a fabulous environment for adults as well as children to socialize.

For project enquiry, please visit: Meander, Survey No. 8/2A 2+3+21, Opp Hotel Radisson, Mundhawa-Kharadi Bypass, Pune – 411014. Or call: 020 - 4142 3322.

Exuberance Elite – Luxury Apartments in Pune

Imagine a life where every morning is fresh and bright with abundant natural light and that place keeps you well connected with the city life. Think of the relaxing evenings with all the amenities available in the society from swimming pool, gym, jacuzzi-steam, garden, tennis court, children play area, indoor games, amphi-theatre and club house all leaving behind a day filled with laughter and memories… That’s a life at Exuberance Elite – premium flats in pune

Exuberance Elite is a premium residential project offering 2 & 3 BHK flats in nibm pune. The area has excellent connectivity to the airport, railway station, schools, hospitals, malls, markets and all the weekend places where you would want to take your friends and family.

Why Exuberance Elite?

The smart homes are built with:

• No common walls and is open from three sides 
• Air Conditioning in every room
• Video Door Phone System for each apartment
• Lights Automation in all rooms
• Earthquake resistant residential project
• Generator backup for lifts and common areas.
• Decorative Entrance Lobby
• Ample car parking
• Fire fighting system
• Letter box for each apartment
• Anti-termite treatment at foundation stage

Specifications:

• Tiles: The living, dining, and bedrooms showcase Vitrified tiles. The terraces and dry balcony have anti skid/Ceramic tiles. The bathrooms have designer dado tiles. 
• Paint: The cement and paint of external walls bears superior quality acrylic paint and internal walls have superior P.O.P wall finish with acrylic emulsion. 
• Door/Windows: The apartment has a decorative main door; powder coated three track aluminium sliding doors for terraces with stainless steel mosquito nets, granite door/window frames for toilets and windows and wooden frames for bedrooms.

Apart from that, piped gas connection, modular kitchen trolleys and granite kitchen platform is provided in the kitchen.

Lastly, concealed copper wiring is used with circuit breakers for electrification. Adequate electrical points including T.V, AC, inverter, telephone and internet points are provided with premium quality switches.

With a perfect combination of urban living and 360 degree of natural ambiance, these apartments in Pune offer an appealing lifestyle that you just can’t miss!

The project from top real estate developers in Pune is a worthy investment option beyond doubt that provides a fabulous environment for everybody to relax and socialize.

For project enquiry, please visit: Exuberance Elite, S. No. 13, Next to Bramha Majestic, Off. NIBM Road, Kondhwa, Pune-48 or call: +91 20 41423300.

5 Things You Should Definitely Know About Luxury Homes

This definitely is an exciting time for home-buyers who are looking for high-end homes. However, the whole process of luxury home buying requires some homework at your end, if you are interested in buying a dream home and not just a big house.

Let’s take a look at top 5 things you should definitely know about luxury homes before committing to anything and making a purchase:

1) Do not dismiss a house just by looking at photos: One can truly appreciate the real value of a home by giving a visit personally. Making a perception based on pictures may not be always true.

2) Be Patient: To get the best value for your money, all you need to do is be patient. Remember, the pool of buyers you are competing against is very small. Less is the competition; the more are the chances to find an incredible home with a great deal.

3) Know your priorities: It's common for luxury homes to include top of the line amenities such as:

• Swimming pool
• Intelligent home appliances
• Top of the line security
• Gym
• Incredible location and views
• Great backyards and entertaining features 

Making a clear list of amenities that are priorities for you will help you find an estate that you will love! It’s impossible to say how a perfect luxury property would look like. It all depends on your needs, taste and lifestyle. So do not let yourself become totally influenced by trends.

4) Know your neighborhood: Location is the most important factor while searching for a home and definitely an important one when you plan to spend a large amount of money on it. What amenities you want in your neighborhood like a golf course, waterfront, heart of city etc. will give you an understanding of area trends and future plans thus giving you a clear view of what location suits best for buying a luxury home.

5) Look for a local Realtor: Hiring a realtor who has experience with high priced real estate and good understanding of the neighborhood you're interested in specifically will help you immensely. They will help you through the entire luxury home buying process and provide you with the most recent trends. They can even help you find problems with the house you may not have discovered otherwise. Since they are seeing homes all the time, they will have a better understanding of what a good deal looks like. Thus, if you’re interested in buying a luxury home, rely on an agent who knows all the hidden treasures in the area that you may be interested in.

Being a pioneer in luxury homes, BramhaCorp continues to bring the best in Pune with its new projects- F-Residences that offers stylish condos, Vantage+ that gives adjacency to Mumbai-Pune Expressway, Meander- having wave architecture, Exuberance Elite with luxurious amenities and WaterBay that has premium riverfront apartments. All these luxury living projects have been designed to give you a state of the art living and high-end lifestyle.

How will the Budget 2017-18 Impact Real Estate?

With the release of Union Budget 2017-18, there were several positive measures undertaken for the real estate sector. Let’s take a look at some of the highlights pertaining to real estate and their impact:

1) Infrastructure status: The Affordable housing sector has been granted the Infrastructure Status. This was a welcome move and will act as a catalyst to Prime Minister’s vision of providing Housing for All by 2020. This initiative will give developers access to cheaper funding and will attract more investors.

2) Loan Refinance: National Housing Bank will refinance individual loans worth Rs 20,000 crore in 2017-18. This will give a major push to affordable housing companies.

3) Tax exemption: The Government has also proposed 1 year tax exemption from notional rental income from unsold but ready inventory. This is a great move in providing tax relief to developers in the residential sector who are holding real estate inventory, where the sales dropped significantly due to demonetization.

4) Reduction in holding period: 

The holding period has been reduced from 3 years to 2 years in case of long term capital gains from Immovable properties, providing respite to investors.

5) Change in base year: 

The base year for calculating the indexation for long term capital gain has been shifted from 1981 to 2001. As a result, resultant gain will reduce and in turn will lower taxation.

6) Capital gains on Joint Development Agreement (JDA): 

Capital gains on JDA to be taxed only after the project completion. This will give a great boost to unlocking land for development and will reduce litigation.

7) Cash Ban: 

A total ban on cash transactions of Rupees 3 lakh and above has been proposed.

8) Pradhan Mantri Awas Yojna (PMAY) gets a boost: 

The Government allocated Rupees 23,000 crore to PMAY for completing one crore houses by 2019 for those living in kachha houses.

9) Rate of Interest on Home loans: 

Rate of interest on housing loans will further come down.

10) Increase in size of affordable housing: 

The Government provided 100% tax exemption on profits for developers building homes with built up area up to 30 sq meters in metros and 60 sq meters in other cities. The new budget stated that instead of built up area; the carpet area will be applicable for affordable housing.

Benefits of RERA for Real Estate

RERA is the Real Estate Regulatory Authority announced by the Real Estate Bill in all states and federal territories. This Authority will be above the real estate regulator to ensure transparent transactions and provide clarity on governing and monitoring of real estate projects.

Previously the real estate sector in India was largely unregulated and unorganized, which left consumers with little or absolutely no clarity on the default promises made by the developers. This bill which will now be state-level RERA Act, benefits the consumers in the form of standardized processes and protect them with transparent functioning, leading for a boost in more deals and overall growth in this sector and eventually boosting Indian economy.

This kind of RERA Act is also present in other countries. In the US, there are multiple regulatory bodies ensuring overall safety and security at various levels of transactions between consumers and real estate developers. For example, the Department of Housing and Urban Development (HUD) was created to protect consumer interests involved in residential property transactions. End user issues are incorporated in the legal contract, not by the federal regulation. There are different real-estate licensing laws in addition to code of ethics for state-level US real estate transactions.

In the UK all investments in real estate development are regulated by the Financial Services Authority (FSA). All issues in property matters in the UK are regulated under the Property Misdescriptions Act 1991.

In India the Minister of Housing and Urban Poverty Alleviation has put light on this act with FAQs on RERA.

“The Real Estate Act” is intended to achieve the following objectives:

● Ensure accountability towards allottees and protect their interest;

● Infuse transparency, ensure fair-play and reduce frauds & delays;

● Introduce professionalism and pan India standardization;

● Establish symmetry of information between the promoter and allottee;

● Imposing certain responsibilities on both promoter and allottees;

● Establish regulatory oversight mechanism to enforce contracts;

● Establish fast- track dispute resolution mechanism;

● Promote good governance in the sector which in turn would create investor confidence.

● The rate of interest is required to be specified by the appropriate Government in the Rules.

● Open parking areas cannot be sold to the allottees.

● ‘Common areas’ and ‘community and commercial facilities’ are an integral part of the project, to be handed over to the Association of allottees.

● One common certificate for ‘occupancy certificate’ & ‘completion certificate’ covers all aspects and suffices the requirements under this Act.

● Occupancy certificate relates to the occupation of the apartment/building, which has provision for civic infrastructure such as water, sanitation and electricity and is habitable.

● Completion certificate relates to the completion of the entire project certifying that the project has been developed according to the sanctioned plan, layout plan and specifications, as approved by the competent authority.

● The determination of the estimated cost of the real estate project is necessary.

● Ongoing or Incomplete projects and future projects are covered under the Act.”


Benefits of RERA for Indian Real Estate Sector

1) Quick and Transparent Processes:
Indian RERA is expected to deal with all the issues and complaints within 60 days. Such a timeline has never existed in the previous acts in real estate regulations.
All project information including but not limited to layout, approval status, contractor details, schedule of project, completion timelines, will be available in the RERA authority. The consumers will be readily provided with all information prior to any queries about the projects.

2) Standard Property Rankings:
The RERA authority will also be involved in grading properties, which will directly help consumers to deal in real estate market with confidence. Now with clear project details, consumers will deal without any fear.

3) Common Rules:
In case of residential properties, RERA registration is mandatory for all projects greater than 500 sq. mt. area or those buildings with more than eight apartments.

4) RERA to Boost Real Estate Sector
RERA is expected to boost real estate sector, like countries which benefited from this kind of a regulatory framework, from more foreign investments in the real estate sector.

5) No Obligation or Influence on Decisions.
Positive changes are expected with transparent and effective functioning of this sector as the RERA authority has full financial and administrative independence to aid in for regulations.

6) Swift Transactions:
Real estate transactions would be as easy as opening a bank account after state RERA becomes effective with necessary processes in place.

7) Online Medium:
RERA will have all the information on the online medium. This will not only help the Real Estate Sector, however all the corresponding segments of markets like Banks, Insurance companies, Law firms will benefit from this.

8) Indian Economy:
The fluency of exchanges in this sector will help build a seamless platform for the Indian Economy as a whole. This will benefit all customers, agents, developers, investors, public and private sector companies involved in real estate transactions.

With several positive measures undertaken, the upcoming projects in Pune will definitely have a positive end for both- realtors as well as consumers.

Demonetization to Benefit Home Buyers

Year 2016 saw bidding adieu to 500 and 1000 rupee currency and a serious churn to Indian economy. Demonetization affected various Indian sectors that deal with the practice of cash transactions including the real estate market.

But each coin has the other side too. Demonetization affected Indian real estate market with many positives too:

1) Affordable homes: Where owning a good house in urban areas remain a dream. With demonetization will surely curb the practice of cash payments in property deals, lowering down the inflation and making homes affordable for the common man.

2) Reduction in Interest rates of home loans: Demonetization saw a large inflow of fresh deposits in banks. The slow economic growth is surely to see lower demand for bank loans in corporate as well as individual sectors. This may result in reduction in home loans over next 6-12. This reduction in home loans will benefit the new home buyers as well the old buyers who have availed the home loan on floating rates.

3) Higher loan eligibility: Higher loan eligibility is expected to increase due to lower interest rates and all cheque transaction. Till now, the cash component involved in property transactions in Indian real estate market is estimated at 25%. These cash transactions are usually higher in lands and high-end properties while it is lower in case of affordable home segments such as apartments and flats. Salaried buyers tend to prefer all cheque transactions while self employed buyers prefer paying more in cash. Home loans are usually not available for funding the cash component of the property. With reduction in cash component and increase in cheque component, the overall loan eligibility will increase benefitting home loan borrowers.

With demonetization, huge amounts of cash will be under the formal banking system. Banks with excess liquidity will sanction more home loans at lower interest rates thus benefitting the customers. All this, surely seems to bring happy news to the house hunters.

30 years of Legacy & Trust

Established in 1982, BramhaCorp has ever since established itself as one of the most trusted and respected brand in the Indian real estate, hospitality and leisure industry.

In the last 30 years, BramhaCorp has strived to build trust and excellence through its product innovation and strategic partnerships. With a core value of customer satisfaction, the brand has worked and developed homes that span from lavish upscale homes at prime locations to quality homes for an economic value that ensure a complete value for money investment options.

As we celebrate over 30 years of excellence in the industry, the group thanks our partners, comrades, associates and well wishers for staying together and making the ride smooth and successful in spite of various ups and downs.

We built the first ever lifestyle club of Pune, the Residency Club in 1991 followed by the first premium 5 star hospitality brand of Pune, The Sheraton Grand, formerly known as Le Meridien, in 1999 . In 2015, we built the first and the only 5- star deluxe forest resort and spa of Mahabaleshwar, Le Meridien. In 2003, Bramha Suncity, the first hi-tech residential community of Pune was built and F-Residences, the world’s first fashion condos marked the new age residential apartments in 2012.

With a vast customer base, the brand cherishes the long lasting relationships it has built over these years of transforming the lifestyles of people in terms of various residential and commercial spaces.

In the journey towards excellence, BramhaCorp was duly appreciated for the work and foresight. We received the following awards, among many other accolades and awards:

• ALREN Luxury Real Estate Developer Award 2016
• Best Residential Project of the Year Award 2016
• Best Hospitality Project of the Year Award 2015
•  Best Designed Project of the Year Award 2014
• International Award (Asia Pacific Property Awards) for Best Commercial High Rise Development and Highly Commended Mixed Use Development.
• Best Project of the Year 2013
• Best Innovative and Marque Developer by Estate World and MCHI -CREDAI 2013

Looking ahead, the brand is ready to take this strong legacy of trust, innovation, delivery and relationship to the next level. There are various upcoming projects in real estate, hospitality and leisure sectors which apart from creating a graceful lifestyle will stay rooted to its core values of customer satisfaction, innovation and associate engagement.

Pune - A Paradise for Real Estate Investors

Under Smart Cities Mission, the Government of India announced 109 cities to be developed in a citizen friendly and sustainable way. One of which is Pune. The key objective of this ‘smart city mission’ is to build clean cities with a proper infrastructure that provides a decent quality of life to its citizens. Projects such as water recycling, waste management, rain water harvesting, solar power, smart metering and digitization will be undertaken under this initiative.

These projects will benefit both the city as well as its residing citizens. As a result of Smart City development, Pune is sure to become an Investor’s paradise as real estate prices are speculated to rise. The real estate developers will launch various residential projects modifying their offerings as per the changing style and demands.

Why Invest in Pune?
Pune – the home to the second largest university of India (University of Pune) is referred to as ‘The Oxford of the East’. It has been a center of learning and education for generations. Apart from being an educational hub, it’s Cultural Heritage, Pleasant Climate, Abundance of Natural Resources and Greenery, Healthcare facilities, Entertainment Arenas, Employment Opportunities etc all these factors combine to make it the best city to invest in real estate.

No doubt, the proposed Smart City plan has given a very positive boom to its Real Estate Market. Being the second largest city in Maharashtra after Mumbai, Pune has turned to be the aspired destination for owning a residential asset and has attracted investors to its real estate.

Following points clearly show why Pune is becoming the Paradise For Real Estate Investors?

• Pune headquarters many renowned IT, Automobile, Engineering, Pharmaceuticals, Floriculture, Manufacturing and service based industries. In addition, it has also bagged many foreign direct investments under ‘Make in India’ mission giving rise to a lot of employment opportunities.

• These employment opportunities have lured mass migration of jobseekers in Pune, giving rise to the demand for contemporary residences either for purchasing or renting out.

• Infrastructural Prominence: Wide roads, easy connectivity, BRTs and proposed infrastructural enhancements like metro rail, international airport and ring roads have also boosted the real estate development.

• A break from fast and stressful lives of Metros: Pune with its soothing weather, convenient and easily connected infrastructure promotes an easy way of life. That is why Pune properties are on high demand as people who migrate in the city for job purpose, end up shifting their base in the city.

• High ROI (Return of Investment): With development in every sector, the city promises massive investment return. Ultra-modern apartments are sprinkled throughout the city and growing demand of suburbs to accommodate the populace is on high priority.

• Fewer fluctuations: Property market in Pune has maintained a constant upward trajectory regardless of any economic influences as compared to any other Indian city. So investors who are averse to risk prefer Pune over any other city.

• Township Culture: With a lot of integrated township projects already executed/in pipeline, Pune is turning into the ‘Township Capital of India’. These townships are self-supporting and self-sufficient in terms of social and civic infrastructure thus providing an ideal solution to up-market property buyers. 

Conclusion:
All the above factors are paving way for Pune’s real estate market to boom, expand and receive a convincing attention and expectation of investors. The city is sure to match its extravagance with top metros of the country pretty soon.

Things to consider while buying a Home!

A home is where your habits have a habitat- rightly said by Fiona Apple. We all desire to nest with comforts and atleast basic amenities for a favourable living. But honestly, getting a desired home in today’s world is no more a cake walk. With so many realtors and real estate agents trying to sell you a home, you need to know a few basic points before finalizing a deal for your dream house.

Closeness to Institutions and Leisure:
A key aspect of buying a home is to know if it gives you adjacency to the institutions you would regularly need; and leisure spots. The locality where you plan to live must comprise of good schools, banks, workplaces, malls, supermarkets, hotels, multiplexes etc.

Vibrant Neighbourhood:We all like to travel within minutes to another locality. So how about a home that connects you to other mainstream areas in no time? That is exactly what we all would prefer when it comes to saving time while travelling.

Safety Aspects:A pre-check about criminal records in a new locality is always advisable. Safety comes first and hence we would recommend you to know the habitat of the locality and it’s facilities to reduce or evacuate jeopardy. Make sure there is a Police Station within a few kilo meters and access to other safety measures.

Infrastructure:
An area that has shown improvement or has already developed in the past years is an ideal location for a new home. Who would want to live in a deserted area? Know if there are enough number of residents, the roads, bridges, flyovers are well constructed; there is sufficient electric and water supply, etc. All these factors play a vital role after you start living in a particular location.

Favourable Vicinity:
Look for a vicinity that encompasses other modes of transport like air, rail and road. A perfect location to nest would be the one that gives you proximities to the airport, railways, and has access to public transport.

Having built over 40 successful projects, with all of the above mentioned pointers, BramhaCorp continues to bring the best in Pune with it’s new projects- F-Residences that offers stylish condos, Vantage+ that gives adjacency to Mumbai-Pune Expressway, Meander- having wave architecture, Exuberance Elite with luxurious amenities and WaterBay that has premium riverfront apartments. All five projects have been designed to give you every convenience you need to render a happy and a favourable living. To know more about our projects simply visit our website  or contact us on:9595900378.

Why You Should Invest in Pune

Buying a property comes along with tedious decisions and things that have to be thought over. Finding your dream house along with amenities and proximities to other areas has never been easy like this before. Most properties in Pune offer you extensive amenities along with great connectivity and other aspects for a comfortable living. Here are some reasons why you should consider Pune to invest in.

• Smart City- Pune:

Pune was once considered to be a place with only historical and cultural importance. Well, that's again history now. Over the years Pune has transformed itself tremendously on all fronts and now contributes to the economy of the country. Being chosen for the smart city project by the Central Government of India, you can be assured to experience smart infrastructure such as rain water harvesting, smart metering, adequate water supply, intelligent traffic management, safety of citizens specially women and children etc.

• A Blend Of IT, Manufacturing and Automation

Its splendid positioning with rich heritage and cultural background has not only contributed to tourism but has also developed itself in every other industrial sector. Emerging as one of the most flourished cities, Pune has placed IT hubs like Infosys, Mphasis etc in Hinjewadi; automobile sector like Mercedes and Volkswagen in Chakan; hospitality sector like Le Meridien and so on.

• Exempted Hassles

With its superb connectivity with all three means of transport- roadways, railways and airways, commuting to other cities from Pune or vice versa, in India, remains untroubled. With numerous bridges and flyovers in the city, you can get connected to other areas within the city in reduced period of time, skipping traffic jams. Not to forget, Pune is less crowded as compared to its counterparts (Mumbai) and this is an essential outlook to invest in a Puneri Property.

• Top-Notch Education

Pune is known as the Oxford of the East. It has a higher number of educational institutions and universities than any other city in India. Apart from many other well known academies this city has also embraced institutions like Lexicon International School, Indus International School and universities Symbiosis and Flame.

• Vibrant Convergence

Prevailing as a cultural capital, Pune endures the traditional legacy as well as contemporary genres of art, music, theater, craft, architecture etc. With its close proximity to hill stations and theme parks; and restaurants, pubs, multiplexes, shopping malls in its vicinity, weekends become much more spirited. Pune also gives great accessibility to Mumbai with Intercity Express and Deccan Queen that connects Mumbai through rails in no time.