Introduction: Why Sustainability Matters in Pune’s Real Estate Pune, known for its pleasant climate and IT-driven economy, has been experiencing rapid urbanization. However, with this growth comes challenges like increasing pollution, water scarcity, and high energy consumption. To tackle these issues, green buildings are emerging as the future of real estate in...
Pune’s real estate market is on the verge of a major transformation, thanks to the expanding Pune Metro project. With multiple phases in development, the Metro is set to enhance connectivity, reduce travel time, and boost property values across the city. If you're a home buyer or investor, understanding how Pune Metro will impact real estate prices can help you make smart property decisions. In...
Pune has emerged as one of India’s top IT and business hubs, attracting companies, professionals, and investors alike. The rapid growth of IT hubs like Hinjewadi, Kharadi, Baner, Magarpatta, and Yerwada has directly impacted Pune’s commercial real estate market, leading to increased demand for office spaces, retail outlets, and co-working spaces. Let’s explore how Pune’s IT...
Buying a home in Pune is a significant financial decision, and choosing the right financing method can impact your long-term financial stability. Two primary options are available to homebuyers: taking a home loan or self-funding (paying from savings or investments). Both have their pros and cons, and the choice depends on factors like financial stability, future goals, and property...
Case Overview Case Title: D.K. Brothers vs. Income Tax Officer (ITO)Court: Income Tax Appellate Tribunal (ITAT), MumbaiAppeal Number: ITA No. 2183/M/2023Date of Judgement: November 10, 2023Assessment Year: 2011-12 Introduction In a pivotal ruling, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has overturned the order issued by the National Faceless Appeal Centre (NFAC) in the case...
In India, a Power of Attorney (POA) is a legal document that allows a person (the principal) to authorize another person (the agent or attorney-in-fact) to act on their behalf in legal or financial matters. The concept of POA is rooted in common law but has been adopted and codified in Indian law under various statutes. Its legal status and application play a critical role in facilitating business,...
Inheritance tax, also known as estate duty, was once levied in India but was abolished in 1985 due to administrative challenges and the growing complexities of valuation. While India does not currently have an inheritance tax, various financial transactions involving inherited assets are subject to taxation under different categories. Here’s a detailed look at how inherited assets are taxed in India and...
The Maharashtra Real Estate Regulatory Authority (MahaRERA), established under the Real Estate (Regulation and Development) Act, 2016 (RERA), has revolutionized the real estate sector by introducing transparency, accountability, and efficiency. While MahaRERA provides immense benefits to homebuyers, it also places significant responsibilities on promoters (developers). This blog explores MahaRERA from a...
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has revolutionized the real estate sector by prioritizing the rights and interests of homebuyers. As a state-specific implementation of the Real Estate (Regulation and Development) Act, 2016, MahaRERA ensures transparency, accountability, and fairness in property dealings. Here are the key benefits MahaRERA offers to homebuyers: 1. Access to...
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