Trustees linked to HGMAT say records show that the land and building at CTS No. 646 belong to their trust. According to them, the HGMAT trustee and members had gone there on a Sunday morning when they got to know that their security guards were being removed from their own building. They say they were denied entry by persons linked to Golden Jubilee Education Trust, GJET, whose property is located next to it.

The FIR, however, records the place of occurrence as Golden Jubilee Education, 647, Bhavani Peth, Kasewadi, Pune, and places the incident at about 8 am on May 3, 2026. There is also a further location question because public references and parts of the complaint narrative point to the premises and open area, which is also in the HGMAE Trust. That difference matters. Was the dispute over access to CTS No. 646, which the HGMAT side says belongs to them? Or did it happen on access and entry into Golden Jubilee Education Trust, GJET, at CTS No. 647?

The second question is about time. According to the FIR, the incident happened on May 3 at about 8 am. However, Mr. Shahid Inamdar of GJET himself did a Facebook Live video at around 11.30 am the same morning, in which he described the incident as something that had happened at night. If one version places the incident in the night and the FIR places it early the next morning, investigators will have to establish which timeline is correct.

The third question is about the material. The FIR says items linked to Chhatrapati Shivaji Maharaj Institute, including partition material, laptops, computers, benches, furniture, and other articles, had been kept or moved in the compound area, and that some articles were taken away. The concerns about some material being removed from the premises. If some material was removed, when and where did that go? The FIR says police help was called by dialing 112, and that police came to the spot. It also says that after the police arrived, some people left.

Then comes the most sensitive part: the medical timeline. Newspaper reports and public discussion have linked the later death of Mr. Shahid Inamdar to the stress of the incident. But in emotionally charged family and institutional disputes, especially after a death, responsible reporting requires every claim to be tested against records, timelines, and medical evidence.

None of this reduces the grief of the death. When contacted, a trust member associated with HGMAT said they were saddened by the loss of Mr. Shahid Inamdar of GJET. They said they have chosen not to go to the media with allegations. According to the trust member, this decision was taken because GJET, though on the other side of the dispute, was a senior member in HGMAE Trust. “If they feel aggrieved, we understand their grief,” the HGMAT trust member said. “The matter is now with the police and the courts. We will clear the Trust name through the legal process.

For now, the Bhavani Peth case remains marked by unanswered questions. Was it CTS No. 646 or 647? Who owned the material? What did the police see when they arrived? And how does the medical timeline actually connect, if at all, to the incident?

Until these questions are answered through property records, tenant documents, police statements, and medical papers, the incident would need to be investigated.

The post Unraveling the Bhavani Peth Incident: Key Questions on Property, Material, and Timeline Await Clarity appeared first on NRI News.

Situated in Keshav Nagar, Pune, the project spans 4.5 acres and comprises 2 and 3-BHK residences ranging from 775 sq ft. to 991 sq .ft. Designed to maximise natural light, ventilation, and privacy, Codename Light integrates thoughtful layouts, wide balconies, and high-quality finishes to create a comfortable living environment.

The development includes three 13-storey towers surrounded by 1.1 acres of landscaped greens and offers over 30 lifestyle amenities, such as a swimming pool, gymnasium, yoga and Zumba studios, library, indoor games area, spa and salon, social hub, Miyawaki forest, and amphitheatre. Sustainable features such as rainwater harvesting, solar provisions, STP, and CCTV surveillance are also part of the project’s design, reflecting its emphasis on responsible urban living.

Speaking about the launch, Nitin Gupta, Founder and Managing Director, Maestro Realtek, said, “Codename Light reflects a modern approach to residential development where design, comfort, and sustainability come together. We are glad to associate with esteemed partners who share our commitment to creating well-planned communities that offer long-term value to residents.”

Pranay Oswal, Managing Director, Unitary Property, stated, “Keshav Nagar is one of Pune’s most promising residential locations. Through Codename Light, we aim to offer thoughtfully designed homes that cater to the evolving lifestyle needs of today’s families while maintaining a balance with nature.”

Adesh Agrawal, Managing Director, Esson Landmarks, shared, “Our focus has always been on developing projects that enhance everyday living. Codename Light embodies this vision through its blend of architecture, open spaces, and community-centric amenities.”

Adding to this, Ashish Shah, Managing Director, Suyog Group, remarked, “This collaboration brings together shared expertise and a unified goal — to offer homes that combine convenience, comfort, and quality. Codename Light is designed for those who value both modernity and meaningful living.”

Located close to key commercial hubs such as Kharadi and Magarpatta, the project benefits from upcoming infrastructure developments, including the Proposed Metro Line 3, the Kharadi–Keshav Nagar Bridge, and the Mula-Mutha Riverfront Development, which are expected to further enhance connectivity and the overall appeal of the area.

The post Insights on ‘Codename Light’ in Keshav Nagar appeared first on NRI News.

Technology has profoundly transformed the real estate landscape over the past decade, reshaping how people buy and interact with properties. Unlike other sectors where digital tools have enhanced efficiency, real estate is experiencing a transformative shift through Virtual Reality (VR) and Artificial Intelligence (AI). VR-powered immersive tours, supported by advanced hardware, are changing how buyers explore and evaluate properties remotely. This streamlines the property search process, enabling a more informed buying experience.

Among the major beneficiaries of this transformation are Non-Resident Indians (NRIs) and working professionals. For NRIs, travelling frequently to India for property viewings is often not feasible. Virtual Reality and Augmented Reality offer immersive 3D property tours that allow users to walk through an apartment or bungalow virtually, anywhere in the world. These virtual tools replicate real-time conditions and provide detailed layouts, finishing, and space perspectives. As a result, NRIs can make informed purchase decisions without setting foot on Indian soil.

The impact of these technologies is visible in buyer engagement. This rise in digital interaction highlights a growing consumer preference for interactive and informative property experiences. As property buying becomes increasingly digital-first, developers are now incorporating VR and AR solutions as essential to their sales strategies.

Key Technologies Enhancing Property Buying in 2025

1. AI-Powered Property Recommendations

Artificial Intelligence has changed the property search process by personalising the journey for each buyer. Algorithms analyse user behaviour, preferences, budget ranges, and lifestyle choices to suggest properties that best match their needs.  Instead of scrolling through hundreds of listings, buyers now receive refined selections generated by AI-driven platforms, tailored to their unique profiles. This accelerates decision-making and helps them focus on high-potential options.

2. Virtual and Augmented Reality Tours

Virtual Reality (VR) and Augmented Reality (AR) are redefining the property viewing experience in real estate. Buyers can now explore entire projects virtually—assessing sunlight patterns, visualising interiors, and simulating customised layouts, all from the comfort of their devices. Developers utilise these technologies to create guided walkthroughs and interactive models, enabling seamless navigation from room to room. This eliminates geographical and time constraints for international buyers or busy professionals while also supporting the onboarding of channel partners and their clients. Additionally, it opens up new avenues for marketing through alternative digital channels, making the overall sales process more efficient and engaging.

3. AI-Driven Market Analysis

Advanced AI tools now provide real-time data analysis on property values, infrastructure developments, upcoming civic projects, and demographic trends. This helps buyers understand not just the current market rate but also gives a glance into the future appreciation potential of a property. AI can analyse thousands of data points to identify whether an area will likely see a price rise due to infrastructure upgrades or increasing demand. Platforms like Housivity, powered by AI, help reduce property search time by up to 70%, eliminate fraudulent listings, and offer immersive AR tours, delivering a seamless and stress-free property buying experience.

4. Smart Chatbots and Virtual Assistants

Customer support in real estate is transforming with the rise of smart virtual assistants. These AI-powered chatbots are available 24/7, enabling users to schedule property visits, resolve common queries, and navigate the documentation process more efficiently. Platforms like Square Yards and Magicbricks have adopted AI-driven tools that assist users through digital paperwork and verification, streamlining what was once a manual and time-consuming process. With multilingual capabilities, these assistants cater to India’s diverse user base, making the buyer journey faster, more transparent, and easier to navigate at every stage.

5. Blockchain for Secure Transactions

One of the most revolutionary innovations in real estate is the use of blockchain technology for secure and transparent transactions. All property records, ownership documents, and transaction histories can now be stored in an immutable digital ledger. This eliminates fraud, reduces paperwork, and speeds up the legal processes involved in property purchases. Blockchain also supports smart contracts, which automatically execute actions, such as fund transfers or registrations, once pre-set conditions are met. This enhances trust and safety for both buyers and developers.

Impact of Technology on the Real Estate Market

Technology has brought transparency, personalisation, and efficiency to the Indian real estate sector. Homebuyers no longer have to rely solely on broker narratives or static brochures from channel partners. With AI-powered insights and immersive VR tours, they can independently evaluate properties based on tangible data and interactive experiences. This empowerment has led to higher confidence and quicker decision-making.

Additionally, real estate platforms now function as comprehensive ecosystems. Increased access to reliable data and visualisation tools benefits developers by enabling them to track buyer behaviour, tailor marketing campaigns, and reduce inventory overhang, if any. As technology evolves, features such as AI-driven interior customisation, metaverse-based project launches, and drone-powered site documentation are expected to shape the next phase of real estate innovation

In conclusion, infusing advanced technologies like AI, VR, AR, and blockchain into real estate has revolutionised property buying. It has made the process more efficient, transparent, and user-centric, particularly for non-resident Indians (NRIs) and working professionals. As these technologies become standard, they promise to further elevate the experience, making homeownership smarter and more accessible for the modern buyer.

The post Exploring the Role of Virtual Tours and AI in Property Buying appeared first on NRI News.

Market Cooling, Not Crashing

The report highlights that cities such as Bengaluru and Hyderabad continue to drive growth, with both cities recording 5% quarterly increases in Q1 2025. Bengaluru’s average prices rose to INR 7,881/sqft, while Hyderabad touched INR 7,412/sqft. In contrast, key mature markets such as Delhi NCR, MMR (Mumbai Metropolitan Region), Pune, and Chennai recorded no quarterly change in average prices following an already flat previous quarter, suggesting a plateauing of prices.

Other markets like Ahmedabad and Kolkata also saw moderate increases of 3.8% and 4% respectively in Q1 2025, reinforcing the trend of steady—though decelerating—growth.

“The moderation in price growth observed over the past few quarters indicates a stabilising market dynamic, likely encouraging the return of end-users previously displaced by speculative activity,” said Dhruv Agarwala, Group CEO, Housing.com & PropTiger.com. “This more measured trajectory is critical for sustaining end-user participation while maintaining the value built by investors and developers. In 2025, the market is expected to undergo further consolidation, reinforcing structural fundamentals and enabling steady, sustainable growth.”

Signs of Equilibrium Across Major Markets

The shift toward moderation became particularly evident from Q3 2024 onwards. Between Q4 2024 and Q1 2025, most cities either held steady or posted low single-digit gains. For example:

• Ahmedabad rebounded from a dip in Q4 2024 to register a 4% QoQ growth.
• Kolkata also recovered after a 4% decline last quarter, with a 4% rise.
• Pune remained flat at INR 7,109/sqft, reflecting stability after strong gains in 2023.
• Even in high-growth areas like Delhi NCR, which saw double-digit gains through much of 2023, Q1 2025 showed 0% quarterly growth, indicating a market that is pausing after a sharp upswing.

Macro Drivers Behind Consolidation

The stabilisation phase can be attributed to multiple factors:

• A more discerning buyer base dominated by end-users
• Continued but rationalised investor interest
• A supply pipeline adjusting to real demand rather than speculative pushes

Outlook

The report concludes that this cautious consolidation sets the stage for a more sustainable growth path. With prices plateauing in many cities and rising modestly in others, developers are likely to respond with more calibrated launches. This, in turn, will help maintain momentum while avoiding overheating in the sector.

The post Indian Residential Market Shifts to Cautious Consolidation appeared first on NRI News.

PUNE: Knight Frank India, in its latest report, noted that Pune recorded 13,371 property registrations in November 2024, generating INR 475 crores in revenue for the state exchequer. Compared to November 2023, property registrations fell by 11% YoY, while stamp duty collections saw a modest 2%. This decline in revenue compared to registrations can be attributed to an increase in high-value transactions. The share of properties valued at INR 1 crore and above rose from 12% in November 2023 to 16% in November 2024.

On a month-on-month (MoM) basis, property registrations decreased by 36%, and revenue collections dropped by 37%. This trend can be attributed to the seasonal surge in October, driven by the festive activities of Diwali and Navratri. The more subdued activity in November likely reflects a market adjustment following October’s heightened performance.

However, when compared to the average monthly registrations in FY24 (April-November), excluding the outlier month of Diwali, the average registrations stood at 13,288. By this measure, November remained broadly consistent, with 13,371 property registrations recorded.

Property registration and Stamp duty collection

Property registrations, Value of property, and Stamp duty collection

Property registrations, Value of property, and Stamp duty collection

Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)

In the eleven months of 2024, Pune’s residential sector demonstrated remarkable growth, with property sale registrations nearing 1.75 lakh units—the fastest pace in the last two years. The city recorded 172,677 property registrations, marking a 25% increase compared to the same period in 2023. Stamp duty collections also saw a notable rise, exceeding INR 6,479 crores, reflecting a 35% YoY growth.

This impressive performance was driven by Pune’s ongoing infrastructure development, its relative affordability compared to other major cities, and a strong cultural inclination toward homeownership, all of which fueled robust demand throughout 2024.

Pune’s housing market saw a rise in demand for properties priced at INR 1 cr and above. The luxury segment grew from 12% in November 2023 to 16% in November 2024. Meanwhile, homes in the INR 50 lakh–1 cr range remained the most popular amongst home buyers. 

Share of ticket size for residential property transactions

Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)

Shishir Baijal, Chairman and Managing Director, of Knight Frank India, said, “Pune’s property market continues to exhibit steady registrations, adapting to evolving buyer preferences and market conditions. In November 2024, recorded a dip in both registrations and in revenue collection, but Pune’s year-to-date (YTD) performance remains strong, with property registrations surpassing 1.72 lakh units between January and November 2024—a 25% YoY increase—accompanied by a 35% rise in stamp duty collections. This growth underscores the city’s robust residential demand, supported by rising incomes, stable financing options, and ongoing infrastructure advancements. Notably, Pune’s residential market demonstrates increasing preference for premium homes and long-term investments, reinforcing its position as a leading destination for homebuyers in India”.

The share of apartments larger than 800 sq ft increased from 28% in November 2023 to 32% in November 2024, reflecting the continued demand for bigger homes following the pandemic experience.

Share of area for residential property transactions

Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)

In November 2024, Central Pune—including Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC)—remained the primary hub for residential transactions, contributing 81% of the market. However, this share saw a slight dip compared to last year, as new developments in other parts of the city cater to Pune’s evolving homebuyer preferences. West Pune, encompassing Mawal, Mulshi, and Velhe, held the second-largest share at 12%, while North, South, and East Pune collectively accounted for 6% of transactions during the same period.

Share of micro markets for residential property transactions

Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)

The post Knight Frank India Reports Pune’s Impressive 13,371 Property Registrations and INR 475 Crore Stamp Duty in November 2024 appeared first on NRI News.

The Purva NRI Home Fest presents an opportunity for NRIs to explore over 4,000 homes across 20+ prestigious projects in five major Indian cities—Bengaluru, Chennai, Kochi, Mumbai, and Pune. This event will showcase an array of luxury apartments, world-class villas, and villa plots, providing potential buyers with diverse property options to suit their investment needs.

Purva’s NRI Home Fest will showcase a comprehensive range of property options. Prospective buyers will have the opportunity to explore a diverse portfolio that includes 1-5 BHK apartments, penthouses, villas, and villa plots, with sizes ranging from approximately 600 sq. ft. to 5,000 sq. ft.

Abhishek Kapoor, Group CEO of Puravankara Limited, said, “Post Covid, there is a definite interest among NRIs in purchasing a property back home that they can return to. This is evident in the numbers as money flowing into NRIs’ deposits rose by 84.4 percent from $6.40 billion to $11.8 billion between April 2023 and February 2024. The Purva NRI Home Fest is a chance for them to experience our ‘YOU’ Philosophy, which puts the customer at the heart of everything we do. We will ensure that every NRI home buyer feels confident and supported in their journey towards owning a home in India.”

From premium luxury apartments like Purva Windermere (Chennai), Purva Clermont (Mumbai), and Purva Park Hill (Bengaluru) to the innovative Worldhome Collection projects such as Purva Somerset House (Chennai) and Purva Orient Grand (Bengaluru), there is something to match every taste and preference. For those seeking the ultimate in luxury, the Presidential Villas at the Purva Sound of Water in Bengaluru provide an unmatched living experience. Additionally, villa plots in projects such as Vanam, Raagam, and Soukhyam under the Purva Land brand offer ideal opportunities for buyers looking to build custom homes.

To ensure a smooth transition from purchase to occupancy, Puravankara offers comprehensive post-sales support. This includes assistance with loan facilitation, ensuring buyers can access financing options easily. Through Purva Streaks, buyers can also avail of customized interior design services, allowing them to tailor their new homes to their specifications. Additionally, the company provides CRM support to manage agreements and documentation. This holistic support system reaffirms Puravankara’s commitment to delivering a stress-free experience for NRIs investing in India.

Puravankara has also curated exclusive offers for this event to enhance the purchasing experience. Buyers who book during the event can take advantage of vouchers by Purva Streaks, the interior design arm of the company, ranging between Rs 1 lakh to Rs 10 lakhs.

With over 4,000 homes on display and exclusive benefits, the Purva NRI Home Fest is a must-attend event for NRIs looking to invest in India’s finest real estate offerings.

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Real estate in India is currently experiencing a tremendous growth spurt, fuelled in no small part by Non-Resident Indian (NRI) investments. As per recent industry estimates, NRI purchases comprised 10 percent of the total real estate investments in the country between 2019 and 2020; this figure has consistently increased to reach 15 percent in 2024 and is predicted to grow further to reach 20 percent by 2025. Although heartening for Indian real estate players, the growing interest of NRIs in Indian real estate is not entirely surprising considering the interplay of numerous observable factors that have contributed to this uptick.

Search for stability

Ongoing geopolitical tensions, especially in CIS countries and Europe, and looming concerns about an imminent recession in the US and Canada, have made NRIs increasingly cautious about investing in these regions. By contrast, India’s neutral political position coupled with NRIs’ overall positive sentiment about the economic stability brought forth by the country’s current political leadership has rendered it a far more attractive investment proposition, offering NRIs the stability they seek while making big-ticket investments. Further, NRI buyers are motivated by India’s consistent economic growth, which instills in them confidence about the stability of the real estate market in the country. This also enhances their interest in luxurious, high-end properties, which hold the promise of even more lucrative returns in the long term.

Emotional connect

Another strong driver is the emotional attachment that NRIs feel to India, which encourages them to lay down ‘roots’ by purchasing a home in their motherland. What is interesting, however, is that in addition to the more cosmopolitan metros such as Mumbai and Bengaluru that have traditionally been a top choice for NRIs, there is mounting interest in luxury residential properties in smaller cities. Swaying NRIs’ decision in favor of such tier 2 cities is the rapid pace at which these centers are transforming, with improved connectivity, flourishing professional opportunities, and the coveted of better work-life balance. The Viksit Bharat 2047 vision outlined by Prime Minister Modi and initiatives such as the Smart Cities Mission promises further improvement on all these fronts by attracting more investment, which will make these cities even more appealing to NRI buyers. The relatively lower cost of living and property prices in Tier-2 cities also point to a more improved quality of life.

Focus on Luxury

Larger ticket sizes that are upwards of Rs 5 crore are common among NRI purchases. Up to 60 percent of NRI residential real estate purchases are for self-use, while a sizeable percentage of buyers invest in homes for their family members living in India. This is because for NRI buyers, investing in real estate in India is a way to preserve their existing lifestyle and cultural heritage. Thus, they are more intent on properties that are perceived as stable assets that will potentially appreciate value over time and can be inherited by their descendants. In Tier 2 cities, especially, NRI purchases are focused on homes in gated communities that offer amenities (including hi-tech gymnasiums, spas, wellness centers, and bespoke concierge services) that will elevate their quality of life and also bear a sense of exclusivity and opulence.

Role of technology and transparency

NRI buyers are taking advantage of tech innovations, including trusted real estate websites and portals, that empower them to access information about and invest in property in real-time. Their enthusiasm is further sustained by favorable government policies, such as the RERA (Real Estate Regulation and Development Act) have contributed towards improving trust, increasing transparency, and boosting accountability and accessibility. Put together, these measures offer NRIs the much-needed reassurance to invest freely in Indian residential real estate.

The post The Impact of NRI Capital on the Growth of the Real Estate Sector appeared first on NRI News.

While sharing the details of the expo Ranjit Naiknavare, President CREDAI Pune Metro said, “Pune Property Expo 2024’ is showcasing more than 500+ RERA-registered projects from Pune, PCMC, and PMRDA housing and commercial projects ranging from affordable to luxury segments. The exhibition is spread over an area of 7100 sq. meters with over 124 stalls. More than 60 leading real estate developers are showcasing their projects at the expo. Many renowned financial institutions/banks are also having their presence at the expo for the convenience of potential buyers.”

“This year’s theme of the expo is ‘Puneri Forever’. For the convenience of all the potential buyers, the Expo offers QR code scanning for seamless entry, an online registration facility with centrally located and fully air-conditioned venue with ample parking space. It also offers a plethora of projects to choose from, seek financial information, and get to meet the developer and their sales and marketing teams” informed J P Shroff, Convener of the Expo Committee.  

Financial institutions like Axis Bank, Bank of Maharashtra, LIC, Aditya Birla Homes, Canara Bank, and Bank of India are also a part of the expo for the convenience of potential buyers who wish to seek information about the home loan.

This edition of the expo also has a special program- ‘Satsang Synergy’ in association with FSAI, IGBC, IPA, and ISHRAE on 6th April 2024.  The collaborative program is aimed at showcasing the power of synergies in the sustainable built environment. Starting today up to the 7th, buyers get a chance to win an Electrical Two-Wheeler. A Lucky draw will also be held on the last day of the exhibition.  CREDAI Pune Metro is also distributing 2000 water bottles to the first 2000 visitors. A footfall of 10000+ is estimated for this year’s exhibition.

The exhibition also has people-centric amenities like valet parking, a kids’ zone, a food zone, and a music & entertainment zone with workshops being conducted in specially designed conference/learning lounges.

Speaking during the inauguration Suresh Gosavi said “I would like to Congratulate CREDAI Pune Metro as it is offering its buyers a one-stop solution with multiple industries coming together. The Expo is a great platform as it is not just a sectoral gathering but also promotes human interactions and bonds.”

Suhas Patwardhan also spoke at the inauguration. He said he was happy to see that Pune Real Estate players used world-class technology for construction. He also applauded CREDAI Pune Metro’s relentless work in motivating youngsters to keep a positive approach towards the real estate sector”.

The expo was inaugurated at the hands of Chief Guest Prof. Dr. Suresh Gosavi-Vice Chancellor, Pune University, Suhas Patwardhan- Chairman, Pune District, and Maharashtra State Co-operative Housing Societies Federation, in the presence of Pramod Khairnar Patil- President, CREDAI Maharashtra, Ranjit Naiknavare-President CREDAI Pune Metro, Hemant Naiknavare Ex-President CREDAI Pune Metro, J.P. Shroff Convenor CREDAI Pune Metro Exhibition Committee, Arvind Jain &  Aditya Javadekar- VP CREDAI Pune Metro, Ashwin Trimal – Secretary, Managing committee members IP Inamdar, Kapil Gandhi, Punit Oswal, Kapil Trimal, Dr D K Abhyankar-Director General CREDAI Pune Metro, Col Ramachandran, Director General (newly appointed) CREDAI Pune Metro along with CREDAI Committee members Milind Talathi, Kapil Trimal, Ashwin Trimal, IP Inamdar, Punit Oswal, Rahul Mundada, Kiran Sanghavi and Rajiv Singhavi.

Also present were Aparna Joglekar-Zonal & General Manager of Bank of Maharashtra, Pune, Ajay Davray-National Business Manager, Home Loans Axis Bank, Rajesh Singh-Zonal Manager of Axis Bank

For more information visit www.credaipune.org

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Your real estate investment is likely to be the single biggest purchase of your lifetime. Thus, in readiness for this journey, being well-informed and having a deliberate approach is crucial. With a large portion of one’s life savings used as a foundation in this asset creation, here are some of the best practice guidelines that need to be considered before making a property investment decision.

Property Type

In the realm of real estate, there exists a diverse range of properties such as under-construction, ready-to-move-in, and resale properties. Handpicking the chosen one hinges on your financial goals, predilection, fiscal position and time you are mentally prepared to wait. Each kind bears its distinct pros and cons, which calls for a comprehensive understanding before choosing the best option that fulfills one’s aspirations.

Under-construction properties are those which have just been launched or are being built. The comparatively reduced initial costs are an advantage here. Furthermore, they offer flexible payment schedules allowing you to plan and accommodate all your financial commitments including home loans. However, as these take time to be fully developed, calling for thorough due diligence of the developer’s track record is inevitable to be sure of the timely completion of the project.

In contrast, the ready-to-move-in properties, as the name suggests, are fully constructed and available for immediate occupation. It calls for upfront settlement of the property purchase, thus having an impact on your immediate financial outlay.

Before engaging in a transaction involving resale property, verify the property’s legal status to ensure your investment is a safe and legitimate one.

Location

The location of the property is an important determinant in the process of home-buying. Start the selection process by evaluating the safety and security parameters of the neighborhood. Delve into details about the property’s proximity to public transport networks and arterial routes nearby, as connectivity is a key prerequisite for a sound property investment. If your intent is personal use, assess the convenience factor near your potential abode in terms of educational and medical centers, daily necessities, and recreational facilities. Last but not least, analyze the growth prospects of the locale. The future trajectory of the area can be estimated by the upcoming developments in that area.

Developer

Choosing the right developer needs meticulous thinking. The developer brand name is a testament to the project design, its quality concerning construction standards, and adherence to steadfast compliance with legal aspects including possession timelines. A reputed developer is committed to maintaining high standards and driving excellence through his projects. This bolsters consumer confidence and shields stakeholders’ investments.

Due diligence

Choose only projects that are under the aegis of the Real Estate (Regulation and Development) Act (RERA). Before investing, meticulously assess the project’s permissions, blueprint, any litigation involved, etc. When considering under-construction projects, leverage the RERA portal to check the quarterly progress reports (QPRs) uploaded by developers detailing project status.

In the context of resale projects, scrutinize the seller’s background. Taking help from a legal professional to validate the property documents is highly recommended.

Financial Planning

It is essential to be conscious of a concrete budget before initiating a property search. The allocation should take into account, initial down payment, stamp duty, registration charges, EMI affordability, and the home loan processing fees among other pertinent fees.  Since arriving at the right quantum involves matching aspirations with fiscal feasibility, it may be prudent to consult a professional financial advisor. They can share detailed insights on balancing ambitions with the financial implications of the various facets of your life, helping you make an informed decision.

Redevelopment

Redevelopment can be described as the transformative reconstruction of a property, thereby leading to a change in the area itself. This is encouraged because it enhances the quality and functionality of the project, thereby amplifying the value of the locality. With realty spaces getting saturated and the government backing redevelopment earnestly, vertical redevelopment projects are revitalizing urban spaces.

One of the benefits of investing in a redevelopment area is the potential it showcases for increased property value as compared to newer locales. Redevelopment projects have established or improved infrastructure like the presence of reputed educational institutions, railway stations, metro stations, etc., and facilities that have a positive impact on the real estate landscape.

If you are contemplating a property investment in a redevelopment venture, carefully review the terms and conditions of the new development. Ensure that it complies with all the mandatory permissions as any deviation from that can upend you with legal complications. Historically, redevelopments have encountered various challenges, and the implementation of recent regulatory changes has resulted in them becoming an important segment.

Ultimately, investing in real estate is not only a financial decision but also an emotional one. It is essential to be pragmatic and patient when evaluating the above factors to ensure that your real estate investment proliferates and serves its purpose of growth and security for the long term.

The post Cracking The Code- Know This Before You Make Your Real Estate Decision appeared first on NRI News.

PUNE: Strata, India’s leading tech-enabled commercial real estate (CRE) investment platform, today, announced the launch of its newest commercial asset, a plush, Grade-A office property in Pune for fractional ownership. The new investment opportunity is leased out to India’s largest flex working space for which Strata aims to raise a total of Rs. 78 crore.

This asset is strategically located in the heart of Pune, with an approx. area of 53000 sq. ft and comes with 5 years of lock-in and lease.  The asset is expected to offer a gross entry yield of 9.1% with a total IRR of 13.1%.  In the first 48 hours of the launch, over Rs. 38 crore have already been raised.

Located in the center of the Queen of Deccan at the prominent IT neighborhood Viman Nagar, the property is surrounded by an entire ecosystem of commercial landscapes and an upcoming metro line, making it a great logistical and ecological fit. Due to this all-inclusive prime location, the tenant has confirmed the occupancy of the property for the total pre-leased period making it a much safer bet for investors.

Commenting on the launch, Sudarshan Lodha, Co-founder & CEO, of Strata said, “We are thrilled to come up with our latest asset in one of the most strategically located commercial areas. This asset is a perfect combination of strategic location, high-quality property, and industry-leading tenant making it an optimum investment opportunity for investors looking to invest in this ambitious city.”

“We are delighted that with continuous efforts and the unwavering trust of our investors, we have been able to cross 1300+ crore of AUM. I would like to take this opportunity to thank my team and investors for their constant support,” he added.

In its efforts to encourage retail investment in Grade A, state-of-the-art commercial properties in India, Strata has launched multiple premium assets across Bengaluru, Chennai, Hosur, Jaipur, Hyderabad, Pune, etc.

Strata, since its inception, has been continuously striving towards creating a strong new asset class of fractional ownership in India, thus democratizing the high-end, limited-access CRE investment. Due to these efforts, Strata has successfully proven to win the confidence of over one lakh users and 3000+ active investors. With approximately 25% of the NRI investor base, Strata is helping encourage foreign investment in Indian real estate. Strata is backed by institutional investors like Kotak Investment Advisors, Gruhas Proptech, Sabre Investments Elevation Capital, Mayfield, and PropStack.

The post Strata Launches Office Asset for Fractional Ownership in Pune, Aims to Raise Rs.78 Crore appeared first on NRI News.