Little wonder then, both the cities have witnessed major growth consistently, which has also led to vigorous growth in residential projects. Gini Constructions, a highly reputed construction company having notable operations in both cities, has been providing world-class residential complexes in both cities.

For homebuyers aiming to settle in these cities, it becomes crucial to invest in property associated with reputed developers. When it comes to making property investments in the city of Pune, there are a host of choices for the homebuyer to pick and choose from, especially in promising areas like DHhanori and Yewalewadi.

About Gini Constructions

Since 2007, Gini Constructions is known as a force to reckon with in Pune, Mumbai as well as Ahmedabad’s real estate sector. Regarded as a trustworthy name in the real estate sector in Pune and beyond, Gini Constructions is appreciated in the industry for key qualities like:

• Unparalleled construction and design
• World-class amenities
• Timely project completion
• Value for Money Residences
• Optimal space-utilisation
• Customer-centric values
• Steadfast business ethics and principles

Here’s a glimpse into all that Gini Constructions offers, via top-quality projects it has come up with in Dhanori and Yewalewadi:

Gini Belvista in Dhanori

• Located near Vishrantwadi in Dhanori, Gini Belvista offers exquisitely designed 2 and 2.5 BHK configuration flats for sale in Pune. The complex also houses stores where residents can shop when necessary. The locality of the project is connected with 18m DP Road at the North and West and other well-connected routes, which make commuting for its residents a convenient process.Projects Highlights- Gini BelvistaLocationGini Belvista is located in Dhanori, which houses and has proximity to the best of facilities such as:
  • Nearness to Pune Airport and Pune station
  • Excellent connectivity and infrastructure
  • Proximity to important industrial and commercial hubs such as Viman Nagar, Kalyani Nagar, Vishrantwadi, Yerwada, and Lohegaon
  • Easy access to prominent regions like Wakad, Baner, Koregaon, Ravet, Kharadi, and others

  Exceptional Privacy: The apartments at Gini Belvista do not share walls with each other. This unique feature of the home offers the utmost privacy to its residents.

  Sprawling, Luxurious Homes: The apartments at this complex are exceptionally spacious and comfy at no extra cost. It’s the perfect value for money purchase

  Best Facilities and Conveniences: This area boasts of excellent social infrastructure which is essential to enjoy a comfortable lifestyle. It also offers top-grade facilities like premium educational institutes, hospitals, banks, malls, entertainment zones, and more. 

Suggested Read: https://giniconstructions.com/blog/gini-constructions/golden-time-to-invest-in-gini-constructions-property/

Gini Aria in Yewalewadi

Another landmark project from the house of Gini Constructions, Gini Aria attracts homebuyers looking for quality flats for sale in Pune. The apartments in this project are available in 1 and 2 BHK configurations, designed sophisticatedly with utmost attention to detail.

Projects Highlights- Gini Aria

Residing in this complex is experiencing what it is to live away from a concrete jungle and yet avail of all the urbane comforts you desire.  Here is a compilation of advantages that make Gini Aria one of the most coveted residential projects in Pune:

Location: Gini Aria is located in proximity to major industries and IT parks such as International Tech Park Pune IT Park, Software Technology Parks of India, and Amanora Park Town.

A large number of professionals are showing a keen interest in settling in this residential complex, which also houses excellent facilities for the entire family, which adds to the comfort factor. Areas like Undri, Pisoli, Katraj, and others are also located close enough.

Ease of Commuting: The distance between Yewalewadi and Pune International Airport is less than 20km while Pune railway station is located less than 14km away. A well-planned network of roads offering various modes of transportation makes traveling within and outside Yewalewadi even easier and time-saving within and outside Pune.

Immersed in Natural Greenery: Gini Aria is located amid lush greenery that envelops Yewalewadi lavishly. Despite this, you have access to all ultra-luxurious amenities that your contemporary lifestyle demands.

Social infrastructure:  Reputed educational institutes, hospitals, entertainment hubs, and all other conveniences are easily available to residents of Gini Aria. 

Also Read: https://giniconstructions.com/blog/investment/why-dhanori-an-excellent-investment-option/

Conclusion

Homebuyers keen on settling in Pune or investing in property in the city are heading to Dhanori and Yewalewadi, now considered prominent residential and commercial destinations. If you’ve been planning to invest in real estate in Pune, Gini Constructions, in every way, makes for the perfect choice for you.

The post Gini Constructions, Pune & Mumbai’s Top Builders & Developers first appeared on Gini Construction.

During the course of its development, Dhanori effortlessly acquired a slew of advantages that established its image as the ideal place for residing and property investment.

In fact, Dhanori has now become synonymous with the ultimate in comforts and luxurious living as it offers umpteen benefits to homebuyers. It has become a desired address for people spanning diverse backgrounds, professions, and needs.

Residents of Dhanori call it the perfect choice that has lived up to all their expectations. They have adjudged it as a place that effectually caters to the needs that a quintessential modern family, whether big or small, would have.

Awe-inspiring Facts to Know about Dhanori

Dhanori is counted amongst the most coveted residential locations in the city of Pune.

Advantages that make this place truly special and desirable:

Locality

Dhanori is sited in the eastern part of Pune city. It, therefore, boasts of vicinity to Pune’s well-known parts like Koregaon Park, Viman Nagar, Vishrant Wadi, Kalyani Nagar, Camp, and. Lohgaon and others.

Infrastructure

Dhanori boasts of superior quality social infrastructure that accords its residents with the easy, convenient lifestyle they seek. It hosts the finest educational institutes, medical facilities, tech parks shopping complexes, entertainment and recreational centers that make it the perfect choice for people from diverse groups and backgrounds.

Educational Institutes

Top-notch respected names like Army Public School Dighi, Air Force School, Kendriya Vidyalaya, St. Peters School, Pune International School, Indian Institute of Architects, D Y Patil, and several others are located in Dhanori.

Hospitals

Sushrut Multispecialty Hospital, CT Hospital, Orchid Hospital, Dhanwantari Hospital, Sparsh Orthopedic, Shree Hospital, Patil Hospital are some other the best modern medical facilities in Dhanori offering the best medical care.

Suggested Read: 6 Reasons To Invest in a 2BHK Flat in Dhanori

Tech Parks

Many IT parks in and around Dhanori make it a highly desirable location for tech professionals. Eon IT Park, Panchshil Tech Park One, Commerzone IT Park, and many others are within or at a stone’s away from Dhanori, which have been spoiling techies for choice.

Retail and Shopping centers

Shopping malls and centers like Big Bazaar, Inorbit Mall, Phoenix Mall, Shoppers Orbit, Pulse Mall, and Goodwill Square among many others are located in Dhanori. They are just perfect for shopaholics who look for a fine shopping experience and world-class entertainment.

Transportation Facilities

Dhanori is a well-connected place that offers travelers the desired convenience to travel to different locations. Pune Airport is within two minutes’ travel time distance from Dhanori. while Pune railway station is located 8km away.

A well-planned network of roads including VIP Road, Nagar Road, Lohgaon Road, Airport road, and others further make commuting by road in and outside Dhanori quicker and easier.

Key factors Fuelling Growth in Dhanori

An array of advantages has played a dynamic role in the development of real estate in Dhanori. Dhanori is witnessing an exponential transformation and growth in the residential and commercial sectors.

As a neighbor of prime localities like Viman Nagar, Yerwada, Kharadi,  Vishrant Wadi, and others, Dhanori figures are among Pune’s most preferred locations for homebuyers as well as commercial establishments. Several residential projects brimming over with world-class amenities have been built here by top developers like Gini Constructions.

Major corporate houses have also established their commercial projects in this locality, which speaks of the strategic importance it enjoys. Professionals residing in Dhanori find ample job opportunities in their locality as well as neighboring areas.

What’s more, Dhanori is not a heavily populated area and yet offers the best amenities and facilities to residents as well as commercial players. It is counted among the most popular residential destinations in a metropolitan city like Pune, which is testimony to its sheer value as one of the best locations.

Affordable Property Prices

Dhanori offers homebuyers the best residential property choices at unbelievable property rates compared to other localities. Property rates in places like Viman Nagar, Kalyani Nagar, Vishrant Wadi, and others are comparatively higher than in Dhanori, which is less crowded, far more peaceful, and vibrant.

Also Read: Buy a flat in Dhanori & bless yourself with a beautiful living

Conclusion

Dhanori has emerged as the go-to destination for people contemplating where to invest in Pune. Projects like Gini Constructions are counted among Pune’s ideal investment destinations even for mid-segment homebuyers.

The post Dhanori – Pune’s Major Investment Destination in the Offing first appeared on Gini Construction.

Home maintenance ideas & tips during the monsoons.

1. Home Care & Repair Tips

• Pre-monsoon examination: Examine your house drainage system, check for any cracks and seepages before the onset of the monsoon season. Check the roof and terrace, any damaged tiles, and get these fixed.
• Repair-Work: Before the monsoon hits, ensure to get all your flat repair done to avoid leakages. Damaged roofs also lead to water seepage leaving patches on the wall. Leakages can damage your household stuff like electronic items, crockery, etc.
• Check for Termite treatment need: The dampening of walls during rains cause damage to furniture eventually causing termites. Get a termite test done for your apartment. Use termite control sprays even if a single termite is spotted. In case there is wooden flooring, the floor can be waxed (to absorb moisture).
• If your home requires a whitewash, use waterproof paints.
• A thorough check is required for electric connections. Make sure to properly cover the joints and ensure quality wires for the household electrical items.

2. Home Decor

• Rugs and carpets may be stored away. They may get spoilt due to moisture and become smelly. 
• Heavy drapes may be avoided. They are difficult to dry if they get wet.
• During the monsoon season, wood tends to swell up due to moisture accumulation. As a preventive measure, you may varnish the doors/furniture before the onset of the monsoon. It prevents moisture from entering the material. 

3. Wooden furniture care

Furniture and wooden finishes including cub boards and railings can get musty or even damage due to fungus or termite infest. Keep camphor balls, neem leaves, or cloves in the cupboards and closets to protect inside clothes and other valuable items from dampness. Wooden furniture also suffers because of the high moisture in the air, so stow it away. In case you have a leather couch, take special care.

4. Keep interiors moisture-free

With minimal sunlight during monsoon, you must replace heavy summer drapes with light, lacy curtains to let in as much sunlight as you can. Moisture inside the houses creates a bad odor and can spoil your walls, wall hangings, and furniture. You can use bamboo mats instead of carpets. Don’t allow any kind of water to stagnate inside or around the house, as stagnant water is a ready breeding ground for mosquitoes.

5. Exterior Painting

Any exterior painting work must be carried out before the monsoon sets in. Try to get the waterproof coating.

Conclusion

If living in Pune and wanting to buy a house, you must find the best property constructor in Pune. A builder with a good reputation in the market would provide good construction quality which would help you avoid general leakages and seepages inside flats. Gini Constructions is one such builder in Pune offering an array of residential projects within Pune at different locations. There you go with this handy guide, with your space all set for the monsoon. Go grab your tea and enjoy the rain!

The post 5 Points for Making your House Monsoon Ready first appeared on Gini Construction.

Top 5 Reasons to choose Yewalewadi for Investment in Pune

1. The Green advantage

Yewalewadi is located in the south-eastern part of the city of Pune. It is nestled in lush green surroundings and the place offers natural, fresh, and pure air to its residents. The area has greenery protected under governmental regulations. The locality offers a serene, pollution-free atmosphere, a lot of quietude taking you a step closer to nature and its unending bliss. So if you are a natural person then this is just the right housing destination choice for you as you can enjoy the calm and peaceful environment in plenty and even stay connected to the city culture and life not having to make extra efforts to do so.

2. Strategic location

Yewalewadi is situated in the south-eastern part of the city. It is well-connected to other prominent localities of Pune like Wanowrie Camp, NIBM, and Hadapsar. Some other major localities close to Yewalewadi are Pisoli, Vadagaon Budruk, Narhe, Bibvewadi, Undri, Handewadi, Kondhwa, and Nanded. Yewalewadi lies in close proximity to both industrial areas and IT hubs. There are many companies like TCS, IBM, Honeywell, and Accenture. It is a place easily accessible by road transport. The city of Pune lies at a distance of 12.9 km by the Gangadham-Shatrunjay roadway. Yewalewadi is also a part of the upcoming ring road project which includes major roads and expressways like the Mumbai-Hyderabad highway, Kondhwa, and Solapur roads.

The Katraj-Kondhwa-Phursungi-Solapur highway is also in the process of widening up. Then the place is closer to Pune International Airport, Pune Junction Railway station along with major IT parks like Pune IT Park, Amanora Park Town, Software Technology Parks of India, and International Tech Park. The area speaks of well-equipped connectivity too. It is connected to Undri, an important hub of Pune which connects many key localities via interstate highways and expressways.

Also Read: Smart Tips for Real Estate Investment in Pune

3. Social Infrastructure

Yewalewadi boasts of some of the best educational institutes like the City International and Delhi Public Schools. The locality offers proximity to reputed healthcare centers like Sahyadri Specialty Hospital and Sanjeevani Nursing Home. There are many modern, well-developed, and luxurious shopping malls like Amanora, Seasons, and Kumar Pacific which caters to the needs of the residents completely.

4. Good employment opportunities

The serene and natural environment is one of the many reasons that has favored investment in the Yewalewadi area. There are many established and upcoming companies like TCS, IBM, Honeywell, Accenture, etc. that attract employees who have started to choose Yewalewadi as their residential space as they will be getting standard jobs along with living in a beautiful region filled with greens and bliss.

5. Affordable price trends

One needs to check property prices to make an informed and right choice when investing in property. And in order to maximize profit one needs to know the market stats and changing property prices over a period of years.

Conclusion

Pune is a beautiful city of India and Yewalewadi is one of its places which is really perfect for residential purposes. It is close to the beauty and goodness of nature but does not compromise in being up-to-date with city culture and life. People who like serenity will definitely find it to be a place of interest. Many residential projects are upcoming in Pune and Gini Aria is one of them. Gini Aria is a luxurious, residential project offering a blend of harmonious lifestyle with their 1 BHK and 2 BHK comfortable flats and apartments in Yewalewadi. It is being constructed by Gini Constructions, one of the best real estate builders and developers of Pune. It is one area that lies close to the city but steers its residents away from the chaos of it providing a quality-life setup every moment. Gini Aria provides a perfect work and home life balance and offers the best of both worlds.

The post Property Investment in Yewalewadi, Pune – The Right Choice for a Blissful Life!! first appeared on Gini Construction.

Let us explore the FSI concept

FSI-Meaning

Floorspace Index is sometimes called FAR (Floor Area Ratio). FSI simply means the maximum permissible floor area that a builder can build on a particular plot/piece of land. Numerically, Floorspace Index is the ratio of building floor covered area to the raw area available on that plot/land. It is a regulation followed in the development control norms of many cities.

FSI regulates by the Development control regulation department of a particular location and according to the National Building Code of India.

What impacts FSI?

Various factors impact the FSI. The FSI will change depending on city rules & regulations. Different cities or municipalities may have different bylaws and consequently different values.

Generally, FSI/FAR value depends on the following:

• Size of the plot
• Type of building (business building, residential apartments, etc.)
• Location of the project
• Availability of power, water, and sewer lines, etc

So, FSI in the old and established part of the city may be different than permissible FSI in developing areas. Each city can revise the FSI value depending on the city’s development needs and the value of the land. The FSI number defines the potential of the plot and its commercial value.

Irrespective of whether you are building your first home or making a prudent financial investment, buying property is always a milestone. As buying property involves a significant investment of money, and it is a long-term asset, it is crucial to understand these factors and the fine print before committing to a deal. Take an informed decision at each step by educating yourself to ensure that nothing jeopardizes this significant purchase.

How To Calculate FSI For Building

FSI calculations of a potential building are tough; areas such as basements, porches, shafts, lifts, service areas, etc. may or may not be counted in every city as a part of FSI depending on the regulations of that city. For instance, in Mumbai, the basement parking area and stilt parking do not count as a part of FSI. A detailed study of the city’s laws and by-laws is required to assess this accurately.

Floor Space Index = (Total Floor Area of all the floors of the building / Plot Area of the building)

For instance, let us assume that you have a land of 1000 sq. ft and you want to construct a building on that land. Firstly, categorize the building as residential or commercial. Then, from building types find the rule and regulation of FSI regarding your building type in your city.

Let’s assume FSI is 2 for a building.

FSI = Area of all floors / Total Plot Area

Area of all floors = FSI x Total plot Area

Therefore, 1000 x 2 = 2000 Sq.ft  of floor covered area on your land.

It can be either be 2 floors of 1000 Sq.ft or 4 floors of 500 Sq.ft without affecting other municipal rules (Minimum plot extent area, Front, back, side, and rear setback, parking space).

Importance of FSI

The floor space Index allows you to construct the building as per Govt. rules and regulations. If the building plan has been prepared with appropriate FSI norms, the approvals and NOCs will not be questioned.

However, there may be instances when the builders would want to increase their FSI limit. For such cases, they have to pay some funds to the municipal body to get an additional area. This is called Paid Floor Space Index. 

FSI for Pune

For Pune, the authorities permit an FSI between 1.5 and 2.5, depending on various factors, as per the Draft Development Control Regulations for Development Plan Pune, and a high FAR of 5.5 is allowed for slums.

Renowned property developers in Pune like Gini Constructions apply the FSI rules to the T in all their projects   FSI is of critical importance to a home-buyer. You can be assured that the ratio of open space to built-up space in an area is maintained. Having a good FSI value ensures reasonable housing prices & good development of the project. Besides, it ensures a clear skyline to the area. So, ensure to examine the FSI in a project before booking your dream home.

The post Why FSI is critical to Real Estate Industry first appeared on Gini Construction.

It is estimated that over 28 million Indians living overseas. When they repatriate their income back home, it is the world’s largest inward remittance. (approximately $70 billion annually). The bulk of this NRI money goes into the real estate sector. 

Let us run through a few pointers that NRIs must keep in mind before making any investment in Pune. 

5 Factors to Consider Before Investing in Pune

1. Excellent ROI and high rental demand

Pune offers excellent employment opportunities, which keep both commercial and residential real estate in high demand at all times. Properties in Pune are affordable when compared to other major cities.

2. Outstanding infrastructure

As a city, Pune offers its residents a world-class and enriched lifestyle. From excellent restaurants, gourmet cafés, luxury hotels, and spas, to shopping malls, multiplexes, reputed schools, world-class hospitals, high-end commercial hubs. Pune is well connected to India’s commercial capital, Mumbai. This kind of development has given rise to several high-quality and ultra-modern residential and commercial projects in the city.

Suggested Read: Smart Tips for Real Estate Investment in Pune

3. Education & Employment Hub

Pune is home to the largest number of software companies in India, followed by Bengaluru and Hyderabad. The city is also known for its reputed educational facilities. 

4. Attractive Discounts on Properties

Several real estate developers are dishing out flexible payment plans and discounts on the purchase of flats/apartments. Besides, there are deferred payment schemes that have empowered home buyers and investors to reconsider investments in other avenues and veer towards real estate. 

5. Rules & Laws for Investment, Easy Loans

• An NRI or Person of Indian Origin (PIO) can own both residential as well as commercial properties in India.
• There is no restriction on the number of properties you can buy.
• The rules for any such property transaction fall under the Foreign Exchange Management Act (FEMA).
• The financial transaction must be in Indian rupees (INR) and through normal banking channels using an NRI account.
• NRIs can apply for a home loan in India for up to 80% of the property value, depending on individual eligibility. The loan can be repaid in various ways, including inward remittance through regular banking channels, by debit to self NRE/FCNR (B)/NRO account, and rental income earned by the property.
• As an NRI, you can make a profit on the investment regarding rental income, short-term capital gains, and long-term capital gains. All of these incomes are taxable. However, the tax slab rate varies, and exemptions can be claimed under sections 54, 54F, and 54EC.
• An NRI investor can avail of the same tax benefits on property purchases as a resident Indian. As an NRI, you can claim a tax deduction of Rs. 1 Lakh under Section 80C of the Income Tax Act.

Exceptions

NRI investment cannot be done in agricultural land, farmhouse, and plantation property (they cannot purchase) unless they’ve been gifted or inherited. To acquire agricultural land/plantation property/farm house in India, NRIs must get approval from the RBI and the government.

There is no dearth of residential projects in Pune. However, choosing a good developer is critical. Since NRIs are based outside of India, it is important to pick a developer with a proven track record of timely delivery of projects, credibility in the market, and quality construction. In case, you have looking for one such developer, Gini Constructions is a good bet. You may check out Gini Belvista in Dhanori & Gini Aria in Yeolewadi from Gini Constructions. This group is a well-known name in the Pune reality circle and these two projects offer you a range of apartments to choose from. 

Conclusion

NRIs like to have a place back here in India, their homeland. The RBI’s regulations on it are fairly easy as and currency rates are favorable too. So if you’re an NRI looking forward to buying property in Pune, here is your ready reckoner!

The post 5 Factors NRIs need to Consider before Investing in Pune first appeared on Gini Construction.

Let us explore what makes Dhanori a great investment bet.

4 Reasons Why Danori is a Good Location for Property Investment

1. Connectivity

• It has good connectivity to Lohegaon Airport (6 km) and the railway station (9km) and has attracted many real estate developers to come up with residential and commercial projects.
• Dhanori is also well connected by road to the key industrial area like Pimpri-Chinchwad, Talegaon, and Saswad.
• Few major roads run through Dhanori include Sant Dnyaneshwar Marg, Nagar Road, and Deccan College Road.
• There are Dhanori Bus Stand, Viman Nagar Bus Stand and the Shivaji Nagar Bus Stand for bus commuters
• Shivaji Nagar railway station lies close by and Khadki railway station is approximately 10 km away.
• Pune Airport is about 15 minutes drive from Dhanori.
• Key destinations such as Koregaon Park, Vimannagar, Kharadi, Kalyaninagar, and Magarpatta are at 8km, 5km, 10km, 8km, and 12 km respectively. The area is also connected to Mumbai-Pune Expressway.

2. Social Infrastructure

The location boasts of excellent social and civic infrastructure with best-in-class educational institutions, hospitals, bank & ATM branches, and restaurants.

• Entertainment hubs

Soho’s restaurant, Diamond Water Park, Phoenix Market City, Bund Garden, Public Garden, Gunjan Talkies

• Educational Institutions

School: Holy Angels, St Joseph School, Royce International School, Don Bosco High School, Bishop’s School, Lexican Kids,

Colleges: Deccan College, Ness Wadia College, Christ College, Symbiosis Law College, Symbiosis Institute of Media Studies, Dr. Ambedkar College of Arts and Commerce, International Institute of Hotel Management.

• Hospitals

Dhanwantri General Hospital, Chris Rock Edward Paul Hospital, Vedant Clinic, Ujjwal Hospital, Vishwa Shanti Hospital. There are meditation centers and fitness clubs such as Brahma Kumaris Dhanori Yoga Centre, Wellness 24, Fitness Mantras, FirstFitt, etc.

Besides, there are sports facilities such as Badminton Birdies, Joggers Park, Udaan Bio-Diversity Park, Smashers Arena, Maitree Garden.

Suggested Read: Why Dhanori is an excellent investment option?

3. Employment Hubs

Some of the famous employment hubs are easily accessible from Dhanori. (The distances are approximations).

• Comer Zone IT park: 8 km
• Panchsil Tech Park One: 7.5 km
• Business Bay: 8 km
• EON IT Park: 12 km
• World Trade Centre: 12 km
• Magarpatta City: 14.5 km

4. Less Congestion, Great ROI

Pune city is overcrowded and congested. With lower property prices, Pune suburbs are bursting with real estate projects. Investment in property in Dhanori is bound to give you excellent returns on your investment. Offering a range of projects, from premium to affordable, there are homes for everyone. Proximity to the road, rail, air transport, the area promises good returns on investment.

There is a range of homes for sale in Dhanori catering to individuals from all walks of life. If you have been looking at some good real estate property in Pune you must check out Gini Belvista.  It offers you spacious 2BHK flats in Dhanori with ample sunlight and fresh air. Gini Belvista is a project from Gini Constructions, a trusted real estate company in Pune known for its construction quality and timely delivery of projects.

Also Read: Gini Belvista – Apartments loaded with amenities and open spaces

Conclusion

The USP of these houses is the natural and scenic views that you get to see from your apartment. There are vast open and green spaces within the premises. Besides, these homes do not share any common walls. The project offers all luxurious facilities & amenities you may think of; from a swimming pool to the clubhouse, party lawns, senior citizen park area, etc.

Offering excellent social infrastructure: employment hubs, schools & colleges, public transport, entertainment options, and so on, Gini Belvista would meet all your expectations & needs; you can bet your money on a flat in Dhanori!

The post 4 reasons why property investment in Dhanori, Pune is a wise decision first appeared on Gini Construction.

Let us explore a few pointers to be kept in mind while selecting the best residential project.

5 Tips to Decide on the Best Residential Project

1. Affordability

To begin with, you must set a budget for your home. First, assess your affordability capacity; check out your expenses and keep some money aside for any contingencies.  

2. Location & Connectivity

Apart from financial stability, location is also critical when buying a home. Location plays a crucial role wherever you stay; such as distance from the economic activity center, accessibility to social infrastructure, distance to the office, school, hospitals, etc.

You have to ascertain whether the pandemic has made you think to own a house or you simply feel tempted by the many offers and discounts that developers are offering. You must do your due diligence and avoid getting into such a huge financial commitment before taking the plunge.

3. Amenities

Amenities are very crucial when finalizing your dream home. A project with a variety of amenities is costlier while buying. Moreover, the monthly maintenance bills will also be higher, in case of huge amenities. Buyers will continue to make their purchase decisions based on these facilities.

Let us look at a few amenities that you must bear in mind when finalizing your dream home.

• Power back-up is the most sought-after amenity and although most housing societies provide power back-up in the common areas, these days new projects provide 100% power back-up. This of course comes at a high cost. 
• Additional parking facility is another facility that many residents look up to given that there are at least two cars in a house if not more. If you are buying a house in a small housing society, you must clear about the parking spot. Buyers should check the building plan approval, to find out the number of parking spaces available in the complex, as approved by the authorities.
• Children’s play area: Housing complexes are mostly occupied by families and a children’s play area is a must. 
• Open, green spaces: Living in apartments offers limited space within the home. This makes it necessary for the residents to have access to open spaces filled with greenery 

Apart from the above-mentioned amenities, homebuyers must also check for the arrangement the housing society has put in place for cleaning protocols, air purification systems, and water filtration systems.

4. Security system

Every housing society has some sort of security in place. In new apartment complexes, there are hi-end security systems are installed that capture all entry/exit data, digitally. Residents have visual access to the security gate and can make sure no outsider has access to the complex, without prior permission from one of the residents. There is provisioning for wireless security cameras in homes too.

Home security systems and applications used by housing complexes these days help residents to get instant notifications on their mobile phones, whenever a visitor checks in against their flat. They can even pre-approve their guest list, allowing them easy access. Using the app, residents can alert family members, neighbors, and security guards, in case of an emergency. The data thus collected helps the RWAs to make sure all security-related protocols are being followed.

5. Social Infrastructure

While buying a home, check out the social infrastructure in the locality. This includes proximity to health facilities (medical stores and diagnostic centers), Grocery stores within complex, ATMs or Banks, fruits and vegetable shops. Having good public transport, malls or entertainment centers around is an added advantage.

Conclusion

If you are looking to buy a home in Pune, you must check out Gini Belvista, a residential project offering 2 BHK flats in Dhanori, Pune. These ultra-spacious flats offer excellent amenities and a premium lifestyle for you. There are several open green spaces within the project for you to unwind. The project boasts of no two homes sharing common walls. 

With low-interest rates and developers rushing to offer discounts and payment schemes, it is a good time to buy property. Keeping in mind the above-said pointers if Dhanori is your preferred location, then check out Gini Belvista and make it your address!

The post 5 Tips Post Covid-19 to Choose The Best Residential Project in Pune first appeared on Gini Construction.

Smart home systems smartly manage your home-you may have smart home lights that change as per your mood, devices that can help you maintain the temperature in your house, smart home appliances, -basically, with just the click or tap on your smart-phone, your house will perform the work you were supposed to be doing. 

Having made a handsome investment in your luxury home, converting these into smart homes will change the game for you. Let us read through a few tips on a home automation system that would help you make this transformation of your home into a smart apartment.

6 Ways to a Smart Home

1. Smart Home Gadgets

Gadgets make our lives convenient and comfortable. These days many smart home devices are available to simplify your life even more. You may bring home the following gadgets for your smart home.

• Smart Speakers

These are, actually voice assistants that work on your command.

• Smart Plugs

These plugs connect to a smartphone via WiFi or Bluetooth and allow you to control the appliance connected to the plug.

• Smart Hub

This is a hub that lets you control multiple things such as control lights, locks, appliances, electronics, and more.

2. Smart Lighting

The smart lighting solution is energy efficient and helps you control lights with sensor technologies. They also help you to live a sustainable, cost-efficient, and resource-efficient life; you can use smart lighting both indoors and outdoors.

3. Security and Fire Safety

Security of your home is the primary requirement for anyone. There are many smart home devices which can help you with this such as Video door phone, secured door locks, intrusion alarm system, surveillance camera, smoke or fire alarm system, etc.

Smart doorbells are relatively inexpensive and easy to install (provided your home is already hardwired for a doorbell). They let you monitor, and even talk to, whoever is at your door without even being at home yourself. Some of these are WIFI enabled and connected with other smart systems throughout your home, providing an added boost to home security.

You may install smart locks for that added front door security. These locks are generally touchpad enabled and completely keyless. These allow you to lock and unlock your door from your phone. You can even create individual passcodes for different people who may need to access your home. 

4. Indoor and outdoor cameras

Many people use indoor and outdoor cameras at home to keep an eye on pets or otherwise when they’re not around.

5. Smart thermostats

These can be installed in your home; they adjust heating and cooling operations all on their own, limiting energy consumption when you’re not around. Certain compatible apps allow you to personally monitor daily and monthly usage and make small adjustments for savings on energy.

6. Smart Kitchen

You may have your fridge connected to the internet so you can view what’s inside of it when you’re not home. There are smart and slow cookers that allow you to make adjustments to your cooking even while you’re away at the office and smart plates and forks that help you monitor food and calorie intake if you’re watching what you eat.

Besides these, you may install smart smoke and carbon monoxide detectors that have the ability to tell you exactly where smoke is originating from and alerting you on your smartphone if the devices go off and you’re not home. Then there are personal assistants like Amazon’s Alexa or Google Home that can make your day-to-day easier. 

Conclusion

You may slowly include these smart appliances, furniture, and decor into your house. But as you add in more features, you must consider one of the biggest benefits of smart home technology, which is, integration. Many of these systems are designed to work together- your security systems may be talking to each other along with your energy efficiency systems and even your kitchen gadgets. Can you believe your smart refrigerator talking to your dishwasher informing it when to expect a big load of dishes?

Smart home technology will slowly and steadily become a more commonplace feature of new homes. So, when you are setting up your house, explore the options that make the most sense for your home, your budget, and your lifestyle. Be smart!

The post Smart Home: 6 Tips to turn your house into a smart one first appeared on Gini Construction.

What is Property Tax?

Property tax is also known as house tax sometimes. Property tax is the amount that is paid by the landowner to the municipal corporation or the local government for his/her area. These real estate taxes have to be paid annually. In India, property tax is levied on all real estate; thee include improvements made to land, such as buildings or land attached to buildings. However, vacant lands without any adjoining construction are exempted from property tax.

Importance of Property Tax

When you pay property tax to your local municipal body, they get funds. These property tax bills support and facilitate the govt. bodies in providing certain important benefits to the society, like cleanliness in the area, water supply, and maintenance of local roads, drainage, and other civic facilities. 

How to Calculate Property Tax?

Different municipal corporations adopt different systems and make property tax calculations accordingly. There are 3 defined systems they may adopt.

• Annual Rental Value System

Here the amount of tax payable is based on the annual ‘rentability’ of a property as fixed by the municipal body. So, it is not the actual rent collected on the property, but rather gross annual rent that can be expected if the property is let out. This system is being followed by the municipal corporations of Chennai and Hyderabad. 

• Capital Value-based System

This system uses the market value of the property as the basis on which property tax is levied. The govt. determines the market value of different properties which may be revised annually. The Brihan Mumbai Municipal Corporation has switched to this system.

• Unit Area Value System

Here, the system fixes the price per unit value of the built-up area or carpet area of the property on which the expected returns from the property are calculated. This system is applied in New Delhi, Bangalore, Kolkata, Hyderabad, Patna, and Ahmadabad, etc.

Suggested Read: Smart Tips for Real Estate Investment in Pune

Property tax in Pune

The Pune Municipal Corporation (PMC) and PCMC, offer an online property tax calculator, in which you can enter the following details and ascertain the amount of tax you need to pay on your property: Location, Area, Usage, Type, Total plinth area, Construction year and so on.

Payment Process

The property tax or house tax may be paid online on the respective state government or municipal authority websites. Earlier this was a manual process and quite cumbersome. With online payments, all that is required is the ‘property tax number’ or Property ID No. or the ‘Khatha number’ for which the payment is to be done. With your chosen mode of online payment, a tax deduction would be done. Property tax can also be paid offline at the offices of the municipal corporations or designated banks in partnership with the authorities. 

Late Payment/Non-Payment

Late payment of taxes attracts a penalty and interest based on the amount due. For non-payment, the authorities may take legal recourse too. If you do not pay property tax, then, the municipal body may refuse to provide water connection or other services. 

Exemptions on property tax

Certain types of property owners get exemptions & rebates on their overall property tax liability. Across states, properties that belong to religious organizations or governments are not liable to pay any property tax.

An exemption is typically provided to Senior citizens, people with disabilities, former army, navy, or any other personnel employed by defense services, Families of martyrs from the Indian Army, BSF, police service, CRPF and fire brigade, educational institutes, agricultural properties.

Also Read: Document Checklist before buying a new flat in Pune

Conclusion

That was all about property taxation in India. However, an important fact to remember is that the liability of paying the tax rests on the owner of the property and not on the occupier (tenant). The rules for obtaining property tax are different from one state to another and one city to another. So for all your queries on property taxes, you can refer to this handy guide.

The post Property Tax in India- Your Ready-Reckoner first appeared on Gini Construction.