EXPLORING PISOLI - THE NEW SIDE OF DEVELOPMENT !!

Pune reality market has expended to fringe areas , which now don a handsome look . Eastern & Western corridors of Pune have a number of prime locales .NIBM-Kondhwa-Pisoli stretch on Pune East is known as one of the fastest growing areas in the city.Offering exquisite urban living from comfort apartments to luxurious bungalows and row houses , the NIBM - Kondhwa - Pisoli belt has emerged as an ideal location for buyers and developers alike .

Swapnaganga
With the state of the art reality projects , PISOLI has emerged as an upmarket locale , thanks to proximity with prominent retail hubs , IT parks , schools and hospitals.

Kondhwa- Pisoli shares proximity to Magarpatta City , which has seen a rapid development .It also has NIBM-PISOLI to its east , which has business localities like Camp , Market-yard  in its vicinity
As NIBM - Mohammadwadi being a hot destination for home buyers , the property rates in these areas are on high  mode now and are not affordable for mid-segment home buyers , so for them "PISOLI" is a very smart choice and also the rates in this area are far less as compared with the rates in NIBM-KONDHWA- MOHAMMADWADI , When we take a brief look at the property rates in KONDHWA - MOHAMMADWADI are about 4300-4700 Rs. per sq.ft. the rates in "PISOLI" which is just next to it are "3400-3800" Rs. per sq.ft. this huge difference in rates makes "PISOLI" a most tempting destination and that too within the budget and in the proximity and all facilities like NIBM-KONDHWA-MOHAMMADWADI ,Some Developers Like Godrej , Pushpganga Ventures who are famous for strategic and futuristic locations  have already started their projects this side and the prices and amenities they are offering make this projects a hot cake and a talk of the town .
Pushpganga Ventures project "Swapnaganga" featuring 2 BHK Comfort apartments , is an unique project within the serenity of Kondhwa hills , very picturesque view , in the city still away from the hassles & dazzles of city and that too with an unbelievable price tag and offer which you will never want to loose !!
 

Luxury homes in India: Growth and trends !!

Rapidly growing high net-worth individuals (HNIs), increased aspirations and changing lifestyle are the factors behind luxury living being redefined in India. Premium homes boast of increasing demand due to rising income level and affluent lifestyle desired by young professionals. As the buyers are increasingly demanding luxury living experiences imbued in the residential units, developers are coming up with more and more premium homes.

Affluent home buyers want their home to reflect the financial and social standing. Accordingly, premium and luxury segment in India has seen unprecedented rise and growth and developers are pouring into cater to the increasing demand. Premium homes today no longer means only expensive units which are centrally located, large and comfortable. Demand for luxury homes in India is growing and the premium segment has grown to a whole new dimension adorned with innovative modern technologies.They have become a lifestyle statement for the desiring affluent class.

Luxury segment offers a range of homes to the target buyer – apartments, penthouses, villas, row houses/bungalows, etc. They are usually laced with green spaces, parks or golf courses.

Branded luxury homes

Innovative techniques are being introduced in luxury segment by developers. Branded residences are an important emerging concept in luxury housing, which are developed by developers in collaboration with international luxury hospitality or lifestyle brands. In some cases, developers may even tie up with celebrities for branded residences.

For the World Towers residential project in Mumbai, Lodha Group has collaborated with Italian designer Giorgio Armani’s interior design studio, Armani Casa. The project is the tallest residential tower in the world and apartments and mansions are priced around Rs 12 crore and Rs 75 crore respectively.

Branded house falls under super luxury segment and although the segment has only about 5% share in real estate sector in India, there is a huge potential of growth for the segment in the near future.

Golf/ Polo courses

High rises with well maintained golf courses in the posh localities of a city has been regarded as symbols of high living. Golf courses stand for affluent lifestyle and social status. Now developers have moved from the stereotyped golf grounds to polo grounds to give the luxury homes a posh status.

M3M India paves the path for other developers to follow as they have come up with the first polo themed project in India. M3M Polo suites offer exclusive concierge services to residents which include hiring/leasing of horses to the interested polo players. M3M India signed an agreement with Equisport, a pioneer polo sport agency, to give a unique polo living experience to the residents. It is also an example of branded residences as the developers have made major Adhiraj Singh, head of the sport agency, the brand ambassador of its upcoming residential project.

Themed villas

Theme based housing is new trend in Indian realty market. Theme based villas are the latest fads to impress potential luxury home buyers. Luxury villas are attached with a distinct snob value in congested big cities. Developers like Pushpganga Ventures , Emaar MGF, DLF have come up with projects based on various architectural themes. Different architectural and cultural elements from different societies like Mexican, Spanish, Arabic, etc are imbued in these residential villas. Pooja Enclave developed by Pushpganga Ventures, is one such project which houses 2 BHK luxurious apartments . Theme based signature residential projects in Goa, Pune and Chennai have attracted NRI buyers from West Asia, Singapore, etc.

Smart homes

Developers are keen to incorporate technological advancement into the realty scenario. Latest technology and gadgets have been used to create intelligent living spaces inside the apartments/villas. Prominent features of luxury housing includes digital locks, electronic surveillance systems, temperature control, wireless communication for Internet, in-house entertainment, etc.

The emphasis is to create intelligent and smart home in a techno savvy era. Systems with sensors are being used for controlling light, ambiance and temperature inside the house. Technology is used to provide a galore of specialized services – from concierge services to medical consultation.

Vertical growth of luxury homes

As land is scarce in central areas of most of the big cities in India, luxury homes are being developed vertically – sometimes an apartment built over an entire floor. The luxury homes come with terraced gardens, indoor swimming pool, private lounges, etc. Bathroom fittings and kitchen interiors are of excellent quality and some of the developers have come up with ultra luxury services like exclusive lift and automatic teller machine.

Developers are even coming up with customized homes like boutique luxury homes which are set to redefine living experiences for residents. Orbit Corporation’s project Orbit Arya is one such exclusively customized projects built in prime locations in Mumbai.

Luxury housing to grow in India

Keeping a track of rising number of affluent individuals, it is assumed by analysts that luxury housing segment in India is on its way to grow faster and further. Apart from residential purposes, they are highly valuable assets to invest in. Luxury homes are regarded to have immense investment value not only by the domestic investors but also NRIs as well as foreign investors.

According to Cushman & Wakefield (C & W), luxury segment is set to grow constantly in India despite the slowing down of Indian economy. 2012 has been a mixed year for luxury segment in India. In Bangalore, Mumbai and Hyderabad, the luxury segment contributed 7%, 5% and 5% respectively of the total housing supply in 2012.

As more and more number of HNIs are looking forward to invest their money on luxury homes, number of luxury and super luxury projects worth between Rs 1 crore to 15 crore are being launched across the metros. As per estimates, annual sales of semi luxury and luxury houses are expected to grow at a compound annual growth rate (CAGR) of over 30 percent in the next few years in India.

Home is an extension of our personality and our taste. Your home may be as big as a castle or you may live in an attic room, it is your personal touch and your unique style that makes this space your home and you feel instantly comfortable and warm.

Home decoration need not be an expensive affair but it does take a lot of planning to achieve the right look that you desire so much to convert a piece of land in your dream home. Windows certainly play a significant role in the Design aesthetics of a Fresh Home Decor. Windows not only add to the aesthetic charm of the room but it enhances overall appeal of your home and make it look more beautiful and Spacious.

If you have ever looked at a wall in your house and wondered "Why isn't there a window there?" then you are not alone. The importance of where your windows are located in your home is often overlooked and sometimes not properly thought out. We always encourage homeowners that a window can be installed anywhere in their house for a few important reasons. Proper window placement encourages good ventilation, which lessens your dependence on air conditioning in the summer. It can also minimize heating costs in the winter by providing adequate solar heat gain. Window placement can also effect your furniture and carpeting because overtime fading can occur from damaging UV rays. When it comes to choosing replacement windows, it is definitely not a one-size-fits-all situation. Each section of your home might actually require a different type of window.

The Importance of Windows in not just limited to the above mentioned facts but there is much more to it such as :

Optimal use of the Sun Light :

The correct Position and Placement of Window in your room enables you to make the maximum use of the day light and gives light in the room, which leads to a brighter room and evolving of positive energy. If the rooms and doors are of the optimized size, you tend to have a perfect blend of the fresh air along with good amount of sunlight entering your rooms, which also contributes in the room looking brighter.

Proper Ventilation:

The Proper Structuring of Windows in a room not only helps you to create good ventilation within the room but also creates a lighter atmosphere in the room. You can male the best use of the weather outside, whether it is rain and pleasant breeze in summers or it is nice sunny afternoon in the winters.

Financial Viability for the House:

A well made and designed house is one which is made up from Proper planning and architecture and it is only possible if you know how to make the Optimum use of the given space and by using the walls adequately to make proper structured windows, which not only helps to give your home an elegant and royal look, but would also lead to good financial viability for your House.

Low Energy Consumption :

If the windows and doors are correctly installed, they tend to deliver you good heating in winters and good cooling in summers. This will provide you savings on energy costs. To get best energy performance, you can select a product which possess features like resistance to flow, good insulation value, freely transmit the sun rays and is resistant to condensation.

Few Days Back I Read This Story And I Thought Everyone Should Read This & Try To Follow This !! 

When I was a kid , my mom liked to cook food and every day till now i remember she used to cook for us .

One night in particular when she had made dinner after a long hard day at work , Mom places a plate of bread jam and extremely burned toast in front of my dad .

I was waiting to see if anyone noticed the burnt toast . But dad just ate his toast and asked me how was my day at school . I don't remember what i told him that night, but i do remember i heard mom apologizing to dad for burning the toast.

And I will never forget what he said : "Honey I love burned toast". Later that i night , I went to kiss Daddy , good night and i asked him if he really liked his toast burned .

He wrapped me in his arms and said "Your Mamma put in a long hard day at work today and she was really tired and besides .... A burn toast never hurts anyone but harsh words do !"

You know , life is full of imperfect things... and imperfect people .. I'm not the best at hardly anything , I forget birthdays , anniversaries just like everyone else .

What I've learned over the years is that learning to accept each others faults and choosing to celebrate relationship.

Please pass this along to someone who has enriched your life..I just did !!

Life is too short to wake up with regrets ... Love the people who treat you right and have 

compassion for the ones who don't .... ENJOY LIFE NOW FRIENDS !! It Has An Expiry Date .....

Budget 2013 can improve Real Estate sentiment ( Posted On 27 Feb. 2013 )

MUMBAI: Indian real estate, a vital sector of the Indian economy that contributes significantly to the Indian GDP, has started to show some signs of recovery and optimism in the sector is slowly returning. Some of the issues faced by this sector include uncertain global headwinds, high inflation rates, subdued retail demand, high interest rates coupled with credit crunch, challenges associated with land acquisitions, stamp duty costs,non-standardized bye-laws and limited institutional exit options. In view of the credit squeeze applied to the sector and limited funding options, real estate developers have had to resort to disposing non-core assets and land sale to service debt etc rather than operational cash flows as projects have been on hold.  It needs to be borne in mind that this sector has extensive backward and forward linkages,both direct and indirect, with nearly 300 other sectors/ industries of the economy and that the housing segment ranks fourth in terms of the multiplier effect on the entire economy, with estimates pointing that for every rupee that is invested in housing and construction, nearly Rs 0.78 gets added to the GDP of India.  In view of recent investor friendly news emanating from North Block, the Union Budget 2013 has immense potential to improve the sector sentiment and at the same time re-stimulate its growth. It is hoped that this time around real estate players would not be left gasping for more.  Keeping the above in perspective , the Government should liberalize the FDI guidelines for inflow of foreign capital to real estate sector and further extend external commercial borrowings (ECBs) facility to all real estate projects along with the lower tax withholding rate announced last year(even for projects other than affordable housing) so as to permit domestic developers to access foreign competitively rated funds and tide over the current economic crisis. Also, the real estate sector hopes to receive industry status (with classification of affordable housing as a priority lending sector ) so that funds can be raised domestically too, with greater ease and at rates lower than those prevailing in the market today.  On the direct tax front, it is hoped that minimum alternate tax (MAT) on special economic zones (SEZs) would be removed. As India continues to be among the top countries in the world with highest housing and work space needs remaining unfulfilled,the requirement of completing housing projects by March 31, 2013 in order to avail 80IB(10) tax holiday benefit would be extended by a couple of years.  Developers also hope that their long-standing demand of granting infrastructure status to development of integrated townships is finally agreed upon by the Government as its development also entails development of various infrastructure facilities such as roads, water supply, sewerage system , sanitation, water treatment,electrification, landscaping, solid waste treatment and other civic services.Granting of infrastructure status would in-turn make these developers to be eligible to various fiscal incentives including tax holiday benefits under section 80 IA.  Further, in order to incentivize real estate developers to undertake more affordable housing projects, deduction for capital expenditure under section 35 AD should also include cost of land and building. The Government must also provide incentives to the public and private players to take up R&D activities for new building materials and technologies so that the industry can deliver low cost,affordable, and sustainable and environment friendly housing and building structures.  On the indirect tax front, rates of service tax, excise and custom duty, which were raised in the last budget, should be lowered for real estate development activities as the burden of such taxes are passed on to the ultimate customers in the form of higher prices. Further, in order to ease property prices in housing segment (including the affordable housing segment),Government should consider taking the housing segment (including affordable housing ) out of the ambit of service tax completely by bringing out a specific exemption notification.  Additionally, swift enactment of Goods and Service Tax ( GST) across India would help in streamlining the indirect tax regime in India and would result in no leakages of input tax credits.  From a home buyer perspective, limit for deduction in respect of interest on home loans should be enhanced from the present Rs 150,000 to at least Rs 300,000. Further, the principal repayments should be treated as a separate tax exemption and excluded from the purview of section 80 C where deduction is capped at Rs 100,000. A further increase in tax exemption limits for individuals would also be a welcome move which would increase the purchasing power of buyers and may act as stimuli and possibly surge up the demand in real estate.  In a bid to prop up housing construction for the middle and lower middle-class, the government should extend the last year's 1% interest subvention scheme on housing loans up to INR 15 lakhs to housing loans up to INR 40 lakhs to benefit home buyers especially in metropolitan cities where property prices have sky-rocketed.  Further, Government in consultation with the State should put in measures to rationalize stamp duty costs across states, standardize various local bye-laws and approval mechanisms and implement an efficient single window clearance mechanism for granting approvals for real estate development. These measures could in-turn lead to efficiencies in terms of competitive pricing, higher quality standards and better project management to meet projected timelines which otherwise are often not achievable due to inefficient policies and regulations.  The Indian real estate sector would be eagerly hoping for positive fiscal and policy reforms in the upcoming Budget which could catalyze and stimulate growth of this sector,improve overall Indian economic and global investor sentiment and benefit this sector and indirectly, other interlinked sectors, in more ways than one.

Courtesy: Economic Times of India, Mumbai (Posted By :Admin)

Pune realty market’s growth 15% in 2012

                                                                                                                                                                                     

 Pune realty market’s growth 15% in 2012, says report

                                                                                                                                                                        PUNE, FEB. 15:  

The Pune residential real estate market has seen an average appreciation of 15 per cent during 2012, according to the 2012 Pune Residential Real Estate Report released by Gera Developments.

The report, based on field research conducted over the past year, indicates that as of December 2012, there were 1,882 residential projects in Pune under construction or with ready-to-sell stock.

The gross supply during the year was 214,115 spread over 1,882 projects, of which 79.33 per cent was sold. The total unsold stock stood at 44,251 units.

Of the unsold stock, 58 per cent was below 1,000 sq ft in size. The 1,000-2,000 sq ft segment has seen a drop in supply.

FORECAST

An interesting insight is that the supply of homes above Rs 1 crore stood at 2,719 units and the segment between Rs 75 lakh and Rs 1 crore had 2,191 apartments.

This means, 10 per cent of total supply is in the high-end segment — an indication of the push towards premium homes.

Aundh has seen the highest price gain of 94.17 per cent in the last two years while Ghorpadi has seen the lowest gain of 13.68 per cent in the same period.

Wagholi had the highest number of new residential units launched (4,183) followed by Undri (2,964) both in east Pune, while Talegaon and its neighbouring areas had 2,219 new units launched, making this the highest in west Pune.

The highest increase in the land rates over the last two years can be seen in Undri (56.10 per cent), Kharadi (37.66) and Baner (36.51).

Residential real estate prices are expected to increase by 13 per cent to 17 per cent in 2013 with a bias towards the higher side due to the expected reduction of home loan interest rates and pro-reform budget stimulus, the report said.

alka.k@thehindu.co.in

http://www.thehindubusinessline.com/news/real-estate/pune-realty-markets-growth-15-in-2012-says-report/article4419418.ecehttp://www.thehindubusinessline.com/news/real-estate/pune-realty-markets-growth-15-in-2012-says-report/article4419418.ece

The living room is one of the most used rooms at a home. Not only is it used by the occupants, but this is where all the visitors are entertained. Placement of the television is a reflection of your home-keeping skills. Guests draw sub-conscious (if not conscious) conclusions about you based on what your home looks like.

Here we cover both the functional and aesthetic aspects of placing a television in your living room.

Functional Positioning

-  The TV should always be placed at eye-level.
-  If it is set at a higher level due to some constraints (say, above a fireplace), then it is a must to get really comfortable recliners for ergonomic purposes. It is extremely uncomfortable and poses health risks to constantly crane your neck to view your television.

Both flat screens and box sets can be placed in such storage units which have space to make the TV the central unit. This is the route taken by many in the post modern era. This kind of a storage structure dominates the living space and the TV has to blend into it. Such units conveniently place the TV at eye-level. For aesthetic purposes, the other storage compartments in the storage structure should hold books or decorative pieces and nothing which resembles a big rectangle or square as that would clash with the rectangular frame of the TV.

Flat screens can be conveniently mounted on a wall.

-  This option calls for simplicity and clean lines to draw attention to the TV.
-  Clutter below or around the TV is unsightly.
-  The wall should be either a bold block color or a subtle simple wallpaper with extremely small detailing.
-  Paintings are a matter of contention. You can choose to place your TV on a wall with paintings, the visual effect of which is astounding when there is a still picture displayed on the TV. However, for all practical purposes, while watching the TV, it can be extremely distracting.