Most people aspire to own their own house. It might be challenging for them to choose whether to purchase a home right away or wait until they are a bit older.… Read more
PropertyPistol Insight Team
All Posts
Locality Overview: Neral
Tags: Locality Overview
In Mumbai’s East District’s Raigad District, Neral is a popular tourist attraction. It is roughly 42 kilometers from Panvel and about 80 km from Mumbai, the country’s capital. Due to its close vicinity to Matheran, a well-known hill station in Maharashtra, Neral has grown to be a famous tourist destination. The demand for housing in Neral is mostly being driven by buyers of second homes and holiday properties. It is a city that is rapidly expanding, with several modest housing estates and lots for construction projects. Karjat and Panvel are two more adjacent places. … Read more
Can you submit an HRA claim for rent paid in your hometown?
Tags: Rental Guide
Let’s start by taking a look at the legislation that governs HRA for workers.
According to the Income Tax Act, an employee is permitted to request HRA tax credits from their employer under specific circumstances. As long as the employee is residing in the house and all other qualifications are satisfied, this clause does not specify where an employee may claim an HRA exemption. The law further stipulates that to be eligible for HRA benefits, an employee must have paid the rent in full and the apartment through which the rent was paid must not belong to the employee. So long as you fulfill both requirements, you can apply to HRA.… Read more
Everything About Gomti Nagar Extension, Lucknow
Tags: Locality Overview
The largest planned city and the region closest to Lucknow is the Gomti Nagar extension. The majority of the plots and flats in the Gomti Nagar expansion face the park because it was designed with open spaces in mind. Lucknow has transformed into a real estate market during the last 10 years. You may reserve a property in Gomti Nagar Extension if you’re looking to purchase a home in the “City of Skewers and Tycoons.” A community notable for its residential homes, Gomti Nagar Extension is located along the Gomti River. This is one of the most sought-after regions, where everyone fantasizes about purchasing a home. All the required facilities and services, from education to healthcare, are offered here.… Read more
Top Areas to Buy a Home in Bangalore!
Electronic City
More than 200 IT/ITeS firms, including Tech Mahindra, Wipro, TCS, and Inter Infosys, are based in Electronic City. Approximately 60% of the housing stock in this area is made up of residential development, with more than half of that stock being 2 BHK and 3 BHK apartments. The region is quite livable due to the closeness to IT parks paired with strong public transportation and easy access to taxis. However, because of the proximity to offices, the neighborhood is also “busy,” which causes “truck congestion.”… Read more
In India’s top 6 cities, office vacancy rates substantially decline, signaling a strong rebound for commercial real estate.
Tags: commercial real estate
Based on the report, the Colliers research states that total leasable space has climbed to 50.3 million square feet this year, and occupancy has maintained strong during the subsequent quarters of 2022. However, due to renters’ cautious behavior during the global crisis, market activity was poor in the fourth quarter of 2022. Because of this, gross absorption in Q4 2022 was around 21% lower than it was in Q4 2022, which was lower than the average seen in Q1 and Q3 2022. ” After a two-year pause, it is reassuring to see the office space market recovering this year and declining vacancy rates. It’s interesting to note that BFSI’s business has expanded quickly this year as a result of Indian … Read more
Everything About Neelankarai Real Estate Boom!
Tags: Locality Overview
A real estate boom is taking place in the peaceful Chennai neighborhood of Neelankarai. In the indigenous tongue, Neelankarai is referred to as Neelangarai, which translates to “Blue Coast.” The Bay of Bengal is to the east. The name of the Thiruneeelakandapuram Temple inspired the previous name of the city, Thiruneeelakandapuram. Tollywood celebrities in particularly shown interest in the location after 2007. The real estate boom has several causes as well. The location attracted Neelankarai CultureStars from Tamil Nadu because of the solitude and security it provided. Later, a large portion of the elite’s upper class also developed an interest in land. Real estate tycoons started purchasing property to satisfy the demands of famous clients. It rapidly transformed into a … Read more
All About Narmada Expressway!
Tags: Infrastructure
The Delhi-Mumbai Highway, the Poorvanchal Highway, the Ganga Highway, and other ambitious highway projects are currently being worked on by the government. Another significant project among these is the Narmada Expressway project. An eight-lane motorway called the Narmada Expressway is being planned for Madhya Pradesh. Along the Narmada River, the projected highway will connect the ancient city of Amarkantak in eastern Madhya Pradesh with Dindori, Shahpura, Jabalpur, and Alirajpur in western Madhya Pradesh. The projected 1,300-kilometre motorway will connect Gujarat and Chhattisgarh. Then, a new section of this highway will be built to link Alirajpur and Ahmedabad. All of the Narmada region’s tourist attractions and holy sites are connected to the route, according to Minister of Public Works Bhargava, who … Read more
How may NRIs use powers of attorney to handle real estate in India?
Simply put, it is an authorization (power of attorney) that a principal provides to a representative. The principal and the solicitor have a private relationship, and the principal would be bound by the solicitor’s decisions. For instance, if a person purchases property in India but is unable to see it in person, Any family or friend with a power of attorney registered can get these rights and duties by editing registration.… Read more
Over the next five years, BK Modi Group intends to spend USD 1 billion in India’s real estate and wellness industries.
Tags: IndiaNewsReal Estate
Over the next five years, BK Modi Group wants to spend around $1 billion in India’s real estate and wellness industries since it believes these two industries have enormous development potential. BK Modi, the founding group head, claimed in an interview with PTI that there are vast prospects to incorporate new technology into the real estate and wellness industries. When questioned about the anticipated investment in these new facilities, he responded, “We will invest around $1 billion over the next five years. He stated that the committee will also include international investors in planned projects when speaking of the source of the money. The organization is currently thinking about growing this business after already partnering with a developer to establish … Read more
