Real Estate Giant in India

Which Works Better in the Present Realty Market | Kolte Patil Centria Your home is your dream palace in which you invest all your time, money and knowledge to finally see the structure of your fantasy taking shape. But you face a great deal of dilemma while buying a home- one such problem is whether to buy a brand new home or a resale home. There are certain advantages and disadvantages of buying a new home or a resale home. You can always customize your brand new home, you can design its interior, the color of the walls, the type of flooring or the kind of doors you want to use. On the other hand, a resale home has all these specifications already done and you have no choice but to accept the deal to buy it. One more reason for buying a resale property is the lack of projects at the location you want to settle, due to this you might have to buy resale houses where they already exist. There are certain financial benefits of a new home if you are taking a home loan,...

Home Financing for NRI Buyers - Kolte Patil Centria The present government and their new administrative acts are extremely NRI investor friendly. The demonetisation move has likewise been instrumental in boosting the assurance of the NRI people group. With the Real Estate Regulatory Act (RERA) and GST, there is upgraded transparency in the framework which is specifically impacting the quantity of NRIs hoping to put resources into property in India and with properties like Kolte Patil Centria located at NIBM – Undri Road, Pune, the interest of NRIs have risen many folds At the point when a non-occupant Indian (NRI) selects to buy a property in India, there are a few things to keep in mind: 1.       Financing The cash for buying a property in India, needs to come through banking channels as it were. Thusly, the installment cannot be offered as explorer's check or foreign currency. An NRI can likewise utilize the cash in his/her credit, in non-resi...

Impact of GST on Real Estate The recently implemented tax GST (Goods & Services Tax) which gained mixed reactions from the people is also applicable in the residential real estate transaction. Residential construction services will invite 12% of tax and is applicable to the developers selling residential units before completion of construction to the home buyers. Cement, sand, steel attract GST and hence the prices along with GST on the property also goes up. The luxury property is entitled up to 12% GST and affordable housing projects are exempted from the GST. If the occupancy certificate for the project has been received, then, no GST will be applicable. GST has also been levied on the renting of residential property. It is advised to the buyers to be aware when the builder asks you to pay just 1% or a very nominal payment and the balance after possession, you will still have to pay the GST on the full amount. Which is a bit more money from your pocket where you need ...