Thursday, July 30, 2009

Now make your real estate property deal in India easy and convenient; take assistance from propirik

Real estate dealer in India, propirika launches its new website, www.propirika.com to make the tricky task of property deal in India quick, simple and profitable for you....

(Press Release) There are numerous reasons which make the commercial and residential property of India popular all over the world. Some of the most common reasons are: owing a property in a prosperous country gives a sound financial security. And the fact that India is the centre of IT, Telecom etc have also given a rise to the demand of the commercial properties.

Thus for all those people, who are interested in the real estate property transaction in this country India, there is a good news! With the arrival of a hardcore real estate website known as www.propirika.com, buying, selling and renting of commercial and residential properties here have become much simpler, quick and effective.

The main purpose of the website is to assist those people, who either want to settle in India permanently or establish a branch of their business and for that matter need to buy a space. The website also helps those who want to take these on lease or a rental basis.

So if you are interested in buying a real estate property in major cities of the country like Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Gurgaon, Kolkata and many other places as well, then just log on to www.propirika.com, follow the instructions and place your order. For getting other services like guidance during taking a property on rent or lease, just place your queries or demand and immediately you will be provided with the assistance.
To read more, please, visit - bignews.biz

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Homes may get more affordable

The government sops announced on Monday for lower cost housing are expected to have a significant impact on the affordability of such homes, and encourage developers to get into the segment.

Ravi Ramu, CFO of Puravankara Projects, whose subsidiary Provident Housing plans some big affordable housing projects, says the interest subsidy of 1% on loans of up to Rs 10 lakh could mean a reduction in the borrower’s EMI by Rs 650 to Rs 750, depending on the tenure of the loan. “And since the EMIs are likely to be about Rs 11,000, this is a significant reduction,’’ he says.

As per the government’s announcement, the value of the house that’s eligible for such subsidy can go up to Rs 20 lakh, but the subsidy will be applicable only on loans up to Rs 10 lakh.

The move to extend by two years the tax exemption available to builders of smaller homes is also likely to persuade builders to reduce the cost of such homes. Sunil Krishnan, president of Confident Group, estimates that it might be possible to bring down the price offered to the buyer by 5%.

The government has extended the provision of section 80IB(10) of the Income Tax Act to projects approved before March 2008 and to be completed before 2012. Earlier, the provision was limited to projects sanctioned before March 2007 and to be completed before March 2010.

The extension exempts builders from paying tax on income from the sale of houses of 1,000 sqft built-up area within 25km of municipal limits of big cities and 1,500 sqft in other areas.

Impact of Government Soaps:

Some say that very few projects were launched during the extended period, so it’s unlikely it will have a major impact.

But Confident, which did launch projects during that period, thinks they’ll now be able to offer more aggressive prices for them. That could help to drive demand and also enable completion of the projects by 2012.

The really big impact of the two measures is seen to be in “sentiment’’.

“It sends out the message that the government believes homes up to Rs 20 lakh is a separate category, that it is important to concentrate on it to provide housing to the masses,’’ says Ramu.

A number of developers have been considering getting into this segment. The latest measures might push them into it sooner than later.
The Economic Times

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RahulBaba ki Jai Ho! SoniaMa ki Jai Ho! Finance Minister Pranab Mukherjee ki Jai Ho!

Fresh real estate sops to spur revival

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Thursday, July 23, 2009

Spain is now in India. Only at Aldea Espanola.

Puranik Buildcon promotes on IndiaProperty.com:

You are on your way to Spain in India:

I was surprised to see the mailer of Puranik Buildcon's Aldea Espanola, opp Orchid Hotel, off Mumbai Pune Expressway at Baner - Balewadi in Mahalunge Village. Location of the project was not at all mentioned on the mailer!

Starting from Rs. 2,895 per sq.ft.:

The IndiaProperty mailer completely depends upon the concept of so called "Spain" and "Spanish way of fine living"! However, an e-mailer mentions the price, Rs. 2,895 per sq.ft., without saying that it is the current property rate at Aldea Espanola. Hoping that your "curiosity" will be aroused and you will fill up your contact details to know more.

Frankly, my curiosity was not at all aroused. Actually, i found this mailer good example of a stupid web promotion. As a real estate consultant and Pune real estate blogger, obviously, i filled my details and hit the "submit" button. However, now i am very much curious to find out how Puraniks will get in touch with me!

What is your take on "Spanish way of fine living"?

Now, Aldea Espanola has almost became stale. You must have visited the site. Or at least heard about it. My posts on Aldea Espanola are among the most popular posts on my Ravi Karandeekar's Pune Real Estate Market News Blog, so i assume, you may have read about Puraniks' first project in Pune.

Now, don't you think that it's complete nonsense to talk about "Spain in India"? Don't you think that, this type of over exaggeration is harmful for the real estate project and disappointing for the serious property buyer who is looking for a good option near Hinjewadi to Balewadi - Baner or Wakad? Please, share your views in the comments. (Comments Policy)

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Wednesday, July 08, 2009

Kumar Properties' e-mailer - did you respond to it instantly?

Effective and economical tool for follow-up:

From the day i blogged the news of Kumar Properties' 43rd Anniversary Celebration Offer on my Ravi Karndeekar's Pune Real Estate Market News Blog, i was anxiously waiting for their e-mailer.

I was very much sure that Kumar Properties will convert their press ad into an e-mailer and get more mileage out of it at a very nominal cost. Because Kumar Properties has done it in the last month when they released their "right time to buy" ad focusing on the early possession and ready possession properties.

Guess what? Today I received Kumar Properties' e-mailer! As soon as i saw it, thought i knew the offer, i felt like calling Kumar Properties to find out the details. What about you? Did you call Kumar Properties instantly?

Click to view Kumar Properties' celebration offer e-mailer:

Click to view Kumar Properties' right time to buy a property e-mailer:

Related Stories:

1) Kumar Properties' celebration offer - Rs. 430 per sq.ft. discount on property rate and a gold coin!

2) Kumar Properties launches celebration offer!

3) Park Infinia at Fursungi - Kumar Properties reduces the property rate to Rs.2,250 per sq.ft.!

4) Kumar Properties - ready possession 2 bhk and 3 bhk flats in Kharadi, Wadgaon Sheri and Hadapsar

5) What's up at Megapolis Hinjewadi?

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Wednesday, July 01, 2009

US-based Re/Max India, a real estate brokerage company, plans to enter Pune real estate market!


US-based Re/Max India, a real estate brokerage company, on Saturday, announced its plans to enter Maharashtra and launch operations in the city. After the recent foray into Chennai, the Pune venture will be part of the firm’s expansion plans for establishing a strong footprint in the Indian real estate market, said a press release.
To read more, please, visit - Indian Express

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