A safe zone for Senior Citizens: TalegaonDabhade

Source:Inhouse / Date: 28th September 2020

The coronavirus pandemic has influenced citizens’ way of living life. The CVOID-19 pandemic has changed the citizens’ behavior and perspective, in deciding the location for buying home.

Normally, people consider big cities where the distance from the workplace, entertainment, and fun attributes lies ahead compared to all other health factors.

Whereas now after CVOID-19, buyers consider many other factors thoughtfully, aspects which are mainly into buyers’ consideration are space availability to maintain social distancing and availability of fast medical services.

Senior citizens are more likely to move away from the metro cities post-pandemic because of the congestion, hectic traffic, air pollution, and noisy life. Senior citizens are searching for a place that is pollution-free, less crowded and has a good environment for their health like Talegaon, Pune.

Why seniors should prefer homes in Talegaon Dabhade?

 

PROXIMITY

Talegaon Dabhade is situated in the midst of Mumbai, Pune, and Nashik, and has the best connectivity to express highway, it takes a very short trip to reach nearby megacities.

MEDICAL CARE:

Senior Citizens mostly require regular check-ups depending on their health conditions. Talegaon Dabhade comprises a reputed government general hospital and various big private hospitals. Therefore senior citizens don’t have to worry about any emergency or medical conditions because they will get appropriate medical care locally.

ECO-FRIENDLY ENVIRONMENT:

Talegaon residential projects are very spacious and are away from the annoying noise of the world. Talegaon Dabhade is well-known for its exquisite and fascinating nature surrounding, which makes your living peaceful and pollution-free.

But in metro cities, it is very rare to feel the fresh air and a pollution-free environment. Thus Talegaon is the best place for senior citizen, to live in a pollution-free environment.

ECONOMICALLY SOUND:

The housing projects in Talegaon Dabhade are very affordable, the price of projects in Talegaon are very low compared to the similar projects in Mumbai and Pune.

LAND AVAILABILITY:

Talegaon Dabhade has sufficient land as compared to the limited lands of Mumbai and Pune. So the senior citizens have enough space to walk around and spend a peaceful time.

COVID-19 SECURITY MEASURES:

COVID-19 is a virus that will keep on spreading until the proper vaccination is developed. The doctor advised that even after the pandemic senior citizens will have to keep precautions for another year or more than a year to stay safe from the COVID-19 virus.

Social distancing has been a major precaution to stay away from the COVID-19 and being in metro cities is the biggest threat for oneself. Shifting or moving away from cities make it safer for senior citizens to stay away from heavy contagious disease. The infrastructure and less crowd of Talegaon Dabhade provide a safe environment to keep social distancing and follow safety measures.

Often, senior citizens worry about planning for their second innings of life mostly during or after retirement. While planning for retirement it is important to plan for the expenses wisely and it is obvious that living in metro cities costs a mountain just to live a very basic life. Instead, if you choose living in a suburb like Talegaon Dabhade it makes living very affordable and offers a magnificent lifestyle without any financial and medical stress.


Here are some of the on-going projects: 

Vastu Shilp

Ayush Park III

Silver Treasure

Mount Vista

Indraprasth Residency 

Maharashtra Government Increases Ready Reckoner rates by 1.74 percent

Source:moneycontrol.com / Date: 12th September 2020

A few weeks ago, Due to current pandemic, the Maharashtra government decided to reduce stamp duty on housing property from 5 percent to 2 percent until December 31, 2020.

The government has now decided to increase the ready reckoner (RR) rates in the state by around 1.74 percent.

The ready reckoner rates have been increased by 1.74 percent and the new rates will be applicable from September 12. 2020

WHAT IS READY RECKONER RATE?

Ready reckoner rates, also known as circle rates or guidance values, are the minimum values set by a state government below which a property cannot be registered. Each area within a city has its own RR rate on which stamp duty is calculated.

Circle rates have been increased in the state after over two years.

After reducing the stamp duty in most areas the increased RR rates will have an adverse impact on the real estate market. This decision by the Government of Maharashtra will lead to an increase in approval costs.

Also, property sales in primary as well as secondary markets in the areas where RR rates are higher than market rates will slow down due to income tax levied on both buyers and sellers u/s 43CA. This move is bound to have an adverse impact on the number of new project launches and puts the viability of ongoing projects under question," said Deepak Goradia, president, CREDAI-MCHI.

“It is surprising, that in a scenario where the suggestion, ‘reduce the price of residential real estate’ has been covered by media – be it Deepak Parekh, Nitin Gadkari or  Piyush Goel – the state government has instead opted to enhance the RR value.

Income tax provisions mean a developer cannot sell at a price point lower than the RR rate, as it translates into a taxation burden for both, buyer and seller. The expectation was that the state government would reduce the value; instead, it has chosen to increase the same. New projects will be impacted too, as the RR value will govern all levies, duties, and taxes payable by a developer. One hopes the authorities will consider this and take necessary steps, said Niranjan Hiranandani, President (national) NAREDCO and Assocham.

“Bringing down the RR rate considerably at this juncture was something that everybody was looking forward to as it would have given some room to developers to bring down the prices. Today in most of the micro-markets, the RR rate is almost equal to the ongoing sales price, and buyers as well as sellers have to pay tax if sales happen below the RR rate. This has been the limitation cited by developers to bring down prices, and an increase of RR rates further limits the room for them to bring down the price while too marginal a reduction makes no difference at all,” said Anuj Puri, Chairman, and ANA ROCK Property Consultants.

To bring the dynamics real estate market, the Maharashtra Government had on August 26 decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31, 2020. Stamp duty from Jan 1, 2021, until March 31, 2021, will be 3 percent according to Maharashtra Government.

The Maharashtra government on March 6 had announced that it is reducing stamp duty on properties by 1% for Mumbai, MMRDA Region, and Pune for a period of two years

Best Opportunity for home buyers Maharashtra Government decides to reduce stamp duty by 3 percent

Source:moneycontrol.com / Date: 26th August 2020

Maharashtra Government on August 26 declared that the stamp duty on house properties will be reduced temporarily from 5 percent to 2 percent until the end of the year 2020. This decision was taken to make the real estate industry dynamic which was nearly stopped due to the COVID-19 pandemic.

Key points of News:

Earlier the stamp duty was 5%.

Now,

From 1st Sep 2020 to 31st Dec 2020 Stamp Duty is declared 2%

From 1st Jan 2021 to March 2021 Stamp Duty is declared 3%

For rural areas, from 1st Sep 2020 to 31st Dec 2020 Stamp Duty is declared 1%


At the state cabinet meeting on August 26, the government decided to reduce the stamp duty by 2 percent from January 1, 2021, to March 31, 2021.

In rural areas, it will be reduced from 4 percent to 1 percent till December 31, and 2 percent from January till March 31, 2021


To support home buyers for buying a home during a pandemic, real estate developers had been asking for a reduction in stamp duty.


"This decision by the government will benefit the customers, allied industries, and eventually will boost employment in the industry. Take it from the past; whenever there was a reduction in stamp duty it has boosted the revenue in Government Treasure".
- Jaxay Shah, Chairman, CREDAI National


"This was a motivational decision by the Maharashtra government which was most required during this situation. It will help buyers financially to buy homes and support in making the decision of home buying".
-Satish Magar, National President of the Confederation of Real Estate Developers' Associations of India


"Maharashtra Government's decision to reduce the stamp duty from 5% to 2% till December 31 augurs well for the revival of MMR realty and is a much-needed boost to the ailing sector amid the pandemic. The reduced cost of the stamp duty is bound to encourage first-time homebuyers, fence-sitters as well as resale flat buyers to invest in real estate,"
- Nayan Shah, president, Credai-MCHI.


As Indian festivals are lined-up in few next months the reduction in stamp duty will make buyers more proactive for buying homes. The developers who have been suffering from low demand for buying a home this decision will increase the demand of consumers and cash flow for construction.


"This will certainly stimulate the housing demand and help in converting inquiries into the sales closures. The fiscal advantage should nudge fence-sitters to convert into the actual home buyers with rippling effect on economic growth." adding that With many other favorable market conditions, this announcement shall rekindle ailing real-estate sector and see volumes in transactions. "If the central government can slash GST rates in an upcoming council meeting would act as a shot in the arm".
-Niranjan Hiranandani, National President, Naredco


The stamp duty charges in Maharashtra are 5 percent in main cities like Mumbai, Pune, Nagpur and Nashik and 6 percent in others. The reduction of 2-3 percent in the rates will help buyers in their savings.


Due to pandemic, developers and real estate dealers have already implemented giving discounts on their housing properties, and the decision was taken by Maharashtra Government on the reduction of stamp duty till December 2020 is probably the best opportunity for buying homes.

 


 

Check out Properties in Pune:

Talegaon Dabhade 

Wakad

Dhayari

Ravet

NIBM

 

 

250 Acres of Self-sufficient Electronic Park to start in Talegaon Dabhade: Industry Minister

Source:mpcnews.in / Date: 1st August 2020

In and after 2020, Talegaon will be the most desired location for all the realty developers and investors. GrowEmpire have always been sharing and writing you about the potential in Talegaon Dabhade lands since many years, recently we shared about top MNCs shifting towards Talegaon Dabhade MIDC and now the exclusive discussion related to MIDC by Industry Minister Mr. Desai on recent occasion turned out to be good news for Talegaon's future MIDC development which enrich all the collateral industries.

 

Subhash Desai Industry Minister on the 58th anniversary of Maharashtra Industrial Development Corporation (MIDC) discussed various important issues of Industry. One of them was incorporating an electronic park of 250 acres in Talegaon Dabhade MIDC.

 

MIDC is a recognized as proud organization globally. Therefore several efforts are initiated to make MIDC a top-notch organization. Also, the graduation limit for the MIDC officers and employees will be increased from Rs 10 lakh to Rs 14 lakh for their welfare. In the near future, corporations will do a lot of progression in the electronic field. A self-sufficient electronic park of 250 acres will be assembling at Talegaon Dabhade in Pune District. On the 58th anniversary, investment from India and foreign countries will come to the Maharashtra Treasure. Exclusively at Mangaon In Raigad district, an ideal pharma park will begin said Industry minister.

 

During Pandemic MIDC did an extraordinary job from distributing the food grains to the needy people to start Kovid Hospital in Aurangabad and also launched the first virology lab in Marathwada. Industry Minister Desai heartily praises the efforts of MiDC and said “all the credits for this go to the corporation”. While the whole world was facing crisis only the industry department stood up and was working continuously said proudly MIDC Chief Executive Officer Dr. P. Anbalgan. The corporation in every Taluka of the state tried to bring small businesses into the mainstream. Total 160 Cr. of fund for Mahaparwana, Mahajobs, as CM Relief.

 

Minister of State for Industry Aditi Tatkare, Secretary, Department of Industries V. Venugopal Reddy, CEO of MIDC P. Anbalagan, Abhishek Krishna, Hemant Sankhe of MIDC Employees Union, Vilas Sankhe, Sudhakar Wagh, D. B. Mali. Many from across the state, including Malikner, were present.

 

Thus moving of 250 acres of electronic park in Talegaon will revolutionize the industrial department in State and thus it creates the opportunity for the realtors and investors to focus the open suburbs.

 


 

Best Ongoing Residential Projects in Talegaon Dabhade

Indraprastha Residency, R R Builder & Developer - 2BHK

Aayush Park 3, Earnest Group - 1BHK & 2BHK

Vastu Shilp ,Daksha Promoter & Developers - 1 RK and 1 BHK

More 3 Month Extension of loan Emi, And Rate of Interest cut by RBI

Source:moneycontrol.com / Date: 22nd May 2020

On May 22, the Reserve Bank of India's choice is welcomed by the real estate sector to cut 40 premise benchmark loaning rates which focuses to relieve the effect of COVID-19 emergency and by a quarter of a year an augmentation of term loan moratorium. However, said the long-standing interest for a one - time rebuilding of loan been thought of the rest would have been greater had.

"To build private utilization with exertion and all the divisions hit by the COVID-19 pandemic get liquidity access byRBI's declarations is been continued efforts. Because of lockdown, these measures will help restore request injured," said the president - Assocham and NAREDCO Niranjan Hiranandani -.

By 40 basis point to 4 percent diminishing the repo rate will enable the banks with access to all the sectors with extra liquidity. "Till August 31the business welcomes the expansion of term loan moratorium. By March 31, 2021 the loaning establishments are being allowed for working funding to reestablish the edges to the root level. This is a positive development," he said.

Liquidity for Developers RBI's move is relied upon to ease and banks empower to loan considerably more. To bring down-home advance financing costs the repo rate slice will help add to banks, and onto the market which may get a few more fence-sitters.

Till August 31 the loan moratorium will be stretched out, saidShaktikanta Das RBI Governor. A six-month moratorium this makes. By March 31, 2020 the loaning foundations are being allowed working money to the source level to reestablish the edges.

Of Monetary Policy Committee (MPC) In an off-cycle meeting, to help develop the choice was taken consistently to slice repo. Following the decrease, the opposite repo rate has been sliced to 3.35 percent,  the repo rate has boiled down to 4 percent and.

By RBI Governor Shaktikanta Das, The MPC headed, on March 27  has last decreased the repo rate (the rate at which national bank loans to banks) by an amazing 75 premise focuses on 4.14 percent.

For developers this is another large advance that will ease liquidity -however, it will empower banks to loan considerably more the rate cut won't just convey positive signals. Hence, up to August 31, 2020, forecasts well for the land division in the occasions to come, the rate cuts joined with the further extension of the loan moratoriums by 3 months.

For home purchasers significantly further, inspire the estimations of the repo rate cuts. Throughout the most recent year, Home credit loan fees have just gone down considerably, and are now averaging between 7.15 percent to 7.8 percent an all time

Many realtors are been baffled because of not meeting with the project's loans from which are existing and it should be rescheduled yet not met.

The 40 basis points to 4 percent the declaration, is an economy move coordinated towards the recovery. The banks should see the advantages of the equivalent are passed down to the end-shoppers, this should be ensured by RBI.

 


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