Pune is one of the significant metropolitan cities in India, one of the largest cities in Maharashtra, and is even referred to as the state's cultural capital. Well-known for its sweet evergreen weather and well-connected routes, Pune makes it easy to get around the whole city hassle-free. The infrastructure of the city has significantly changed over the years which seemed to be a great opportunity for the Goel Ganga Group to come up with some lucrative real estate projects. Here are some of the top reasons why you should invest in real estate projects in Pune. 1. Ever-evolving infrastructurePune is one of the fastest-growing cities in the country. The same applies when it comes to infrastructure. From the residential to the commercial sector, the city has seen massive changes in the real estate industry. Both the commercial and the residential sector of the city is in compliance with the upcoming futuristic real estate trends including hybrid co-working spaces and superior housing apartments. Atul Goel Ganga Group is up with many residential projects in various major and prominent areas of the city to match the growing demands of the population. 2. Better connectivity The second we hear ‘Pune’, connectivity is the first term that we strike upon. Undoubtedly, every part of the city is strategically planned and well-connected through air, water and road. The primary mode of transportation in the city is its vast road network. One example of the same can be the Mumbai-Pune Highway which is an important part of the city. When you intend to invest in a property, the one thing that you would want to be there is connectivity. And Pune is the first name that may come to your mind, provided its integral ease of accessibility. 3. Innumerable Job OpportunitiesEmployment opportunities are one of the many things that will persuade you to own a piece of land in this busy city. We all know that Pune is a major IT hub for many big companies and small startups too. Isn’t it like a dream to have multiple employment opportunities nearby your property, so that it just takes a five to ten minutes drive to reach your workplace? The Goel Ganga Group Owner has leveraged the lucrative and sustainable lifestyle of the city with their premium real estate projects. 4. Good return on investment Real estate investments have been a great source of higher returns and it has always bear extra bugs to your pockets. In a city like Pune where you can find almost everything that you can wish for. From great connectivity to tourism and employment opportunities, the city bears everything that you would want before investing your money in its land. Considering everything that the city has to offer you and various amazing projects by Atul Goel Ganga, you would never want to miss an opportunity to invest in real estate projects in Pune. 5. A great tourism spotTourism has always been an attractive point when it comes to real estate. When we talk about Pune, then the city is blessed with various sights to behold silently. Undoubtedly, one more reason to invest in the real estate projects of the city. From the Western Ghats to the Lal Mahal, the city is home to many tourist spots. Tourism and real estate go hand in hand when it comes to economic growth. And we can’t forget tourism accommodation. Tourism is hands down the best component to convince anyone to invest in a real estate project in Pune. 6. A great way to claim higher returns on investmen Real estate investment has always been a great investment option that can reward you with higher returns on investment. The degree of returns may vary considering the various other factors of the land that you have bought. Pune is one of the most attractive cities for real estate investments due to its growing economy and infrastructure. Buying land in Pune can be a great way to get higher returns on your investment as it offers many advantages such as low cost of living, good connectivity, and availability of quality education. Investing in real estate in Pune can also help you diversify your portfolio and reduce risk.
Investing in real estate projects is a great deal but you can leverage many other benefits based on the factors associated with the land you own. Investing in the real estate projects of the Goel Ganga Group is a great option if you wish you buy yourself a piece of land, either commercial or residential.
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1/30/2023 0 Comments Are you investing in real estate?Do you find investing in real estate tiresome? We can solve all your queries regarding real estate investment. Though, there are multiple options for investments, real estate investment is less volatile. A good investment will let you achieve more profit as a return. If you plan on investing in real estate, you might need some tips and tricks for maximum profit. Goel Ganga is the famous real estate property in Pune. Atul Goel is Goel Ganga the group owner. He has written a book named “real rich” which tells you how to invest in real estate. The book reflects his life struggles and how he developed the real estate. Atul Goel Pune is a well-known name across real estate developers and investors. The property has more than 40 years of experience by delivering happiness to many people. More than 35000 people are associated with Atul Goel Ganga Pune with immense satisfaction. If you want to know more about which real estate to invest in, this blog might help you. What is a Real Estate? Real estate is a form of property or land which is natural or man-made. Real est ate is the real property which includes land, buildings, lawns, etc. Investing in a real estate is one such lucrative opportunity for initial investors. Investing in real estate will give you a long term profit. Though it may involve some risks, investing with proper knowledge and clarification is a must. Real estate development is the process of converting raw land into a valuable property. The land consists of residential and commercial buildings, trees and plants, and parks. A real estate developer builds the valuable property that other people could use. There are many people who live in the residential areas of the real estate property. Why You Should Invest in Real Estate If you want to invest in real estate, find a suitable one for yourself. Investing in a real estate can give you long term profits. Here are the strong reasons to buy real estate property if you want to invest.
Once you own in a property or land, you have the equity. Once you gain profit, you can invest in other lands and properties to increase the cash flow.
If you want to invest in diverse assets and build a diverse portfolio, then real estate gives you the perfect opportunity. Investing in real estate with a diverse portfolio give you benefits like higher return.
While investing in real estate properties, you have the benefit of several tax deductions and breaks.
By investing in real estate, you can generate a huge cash flow after multiple investments. It also helps you to build equity along with the cash flow.
The real estate has inflation hedging capacity. The increase in GDP rate directly impacts the real estate investment. As GDP grows, the demand for real estate also hikes. Which Real Estate Property Should You Choose There multiple real estate properties in India. You might need to sort out the suitable one to invest in. There are multiple factors that can help you to choose the ideal property. You can even take the help of a broker for the expertise. One of the most famous real estate properties is owned by Atul Goel Ganga Pune. Since the decade, several investors have invested in this land and gained profits. The residential areas are home to 30000+ people happily living in the area. Goel Ganga Propertie Atul Goel Pune is a current managing director of Goel Ganga properties. As a developer, he tends to build a transparent society that could satisfy the human needs and preferences. He is a successful entrepreneur who focuses on mitigating his customers’ problems.
His motive is to build a property that his employees, customers, and other people of society could find it valuable. Goel Ganga has completed numerous projects. The on-going projects are also going smoothly. 6/30/2022 0 Comments Dr. Atul Goel believes that the year 2022 will bring tremendous opportunities for Indian real estate.Dr. Atul Goel Pune, MD of the Goel Ganga Group and President-Elect of NAREDCO Pune
A pandemic is difficult for anyone. But it is only when things become truly difficult that we learn what we are truly made of. If I had to sum up what the COVID crisis revealed about the nature of the real estate industry, I would say it revealed a steel spine and a concrete soul! Real estate has shown remarkable resilience as an industry, and we anticipate a strong real estate performance in the coming year. Let us examine the trends, factors, and key ingredients that will drive the real estate market forward in the coming year. The king is the homebuyer. The coronavirus pandemic struck society as a surprise. While this resulted in an unavoidable and unprecedented slowdown in site visits, it also resulted in the human population as a whole suddenly realising the importance of home. People realised that their home is their first and best defence against the vagaries of the outside world when the entire world went into lockdown mode. People began working from home, and children began studying from home... Everyone realised they had new expectations and requirements from their home. They required more space, better planning, and homes that provided complete lifestyle solutions. The real estate industry responded spectacularly. And new projects were designed and launched with the changing needs of buyers in mind, with the home buyer at the centre of all planning and design. This, along with appealing schemes such as deferred payments, reduced down payments, EMI holidays, free house furnishings, stamp duty payment by the developer, and group discounts, is expected to continue in the new fiscal year. After all, the pandemic is not over, and the home buyer should take advantage of the incredible opportunities to secure a home that is tailored to his specific needs and made affordable due to all of the incentives. Low mortgage interest rates The Coronavirus crisis occurred during a period of historically low home loan interest rates. The Reserve Bank of India maintained its accommodative stance, keeping REPO rates as low as 4.25 percent. It had a direct impact on housing loan disbursements, and interest rates on home loans remained low. Most public and private sector banks' home loan rates remain in the range of 6.50-9.50, making it quite affordable for the middle class, which accounts for the majority of new home buyers in India. With restrictions relaxed and site visits resumed, the home buying trend is expected to pick up, and housing finance rates will remain affordable in the coming fiscal year. However, a word of caution to home buyers: people are buying quickly, so your wait and watch policy may backfire; your dream home will not wait for you for long; there are far too many people who want it as well. Excellent Return on Investment (ROI) One thing is undeniably clear. Housing demand is increasing and growing rapidly. According to the most recent CBRE report, India Market Monitor, continued attractive mortgage terms and government incentives are propelling housing sales tremendously. Housing sales increased 46 percent quarter on quarter to 50,000 units in the third quarter of 2021 (Q3 2021), and 86 percent year on year. As a result, despite the challenges and upheaval caused by the pandemic, the residential sector has demonstrated great resilience and will continue to soar in the coming fiscal year. As residential prices rise in the near future, this trend of robust and recovering demand will ensure a noticeable return on investment. For example, if a person invests Rs 1 crore in the real estate sector of any of India's top eight cities, an overall ROI of 25-30 percent can be comfortably expected. Price increases are unavoidable. The coronavirus's impact on the Indian economy was like a domino effect. In the construction industry, input costs have risen due to rising prices for fuel, steel, bricks, and cement, among other things. Input costs have risen by more than 20% in the last few years. This fact is supported by the RBI's recent Housing Price Index, which revealed that the all-India HPI increased by 2.6 percent year on year in Q2 2021, up from 2 percent in the previous quarter. Furthermore, rising demand has resulted in the clearing and sale of ready stocks by major developers. This will also give the real estate industry an opportunity to raise prices. Experts believe that a 10-15% price increase is unavoidable in India's housing markets. Housing for Everyone The Pradhan Mantri Awas Yojana (PMAY), the Indian government's flagship mission, will be completed in 2022. As a result, the remainder of this fiscal year will be devoted to the implementation of affordable housing schemes and the provision of low-cost housing. Affordable housing developers will benefit from lower interest rates and other incentives. Furthermore, because the government is encouraging new housing technologies, which have significantly reduced the cost of housing units, the lower middle class to economically weaker section (EWS) of society will have more housing options. The ideal time to invest According to real estate analysts, now is the best time in a decade to invest in real estate. With prices at their lowest and a supportive finance mechanism, there should be no more wiggle room in the decision to buy. We must also warn that this rosy period may not last long, as once the market has fully recovered, prices will skyrocket, and homebuyers may have to pay up to 30% more than current prices. If you've been waiting a long time, now is the time to invest. To summarise, the real estate market is booming, and market conditions are making it even more appealing. Waiting and watching was justified during the pandemic, but it is no longer prudent. Take advantage of low interest rates, lucrative schemes, and fantastic new designs to purchase your property. Make 2022 the year when you turn incredible opportunities into fantastic decisions! It is also possible to make money in real estate investments by using smart tools and instruments. As the saying goes, there is no such thing as easy money in this world; you must work for it. Smart tools and instruments can also be used to make money in real estate investments. Purchase Real Estate Investment Trusts (REITs) Although REITs are a newer phenomenon in the Indian subcontinent, they have been around for a long time. As a wise investor, you can invest a small amount in these REITs and profit from the rental income generated by the managing bodies. Each investor receives a return on his or her investment. According to Nakul Mathur, MD of Avanta India, while REITs are a newer phenomenon in the Indian subcontinent, they have been around for a long time. For the uninitiated, a REIT is a large corporation that owns and manages large amounts of income-generating real estate. These real estate properties can include hospitals, warehouses, large office spaces, shopping malls, hotels, and various commercial properties. Furthermore, REITs, like any other equity share of the company, can be traded on the stock market. The REIT has the advantage of being more liquid than traditional properties. Trusts for Infrastructure Investment (INVITs) Retail investors can invest in Infrastructure Investment Trusts (INVITs), which are similar to REITs. According to Virender Kumar, Head - Business Strategy & Marketing, ARETE Group, infrastructure investment trusts are large companies that own and manage operational infrastructure projects and earn income from these assets. In layman's terms, INVITS are pooled investment vehicles similar to mutual funds. They reinvest the proceeds in highway projects, power plants, airports, transmission lines, and large-scale pipeline projects, among other things. Furthermore, INVITs are designed and managed in such a way that 80 percent of the money invested by investors is invested in revenue-generating and completed projects. This reduces the risk associated with projects that are still under construction. Investing in a pool of real estate stocks is one of the most popular ways to capitalise on the real estate market's growth. Although direct stock investment is high risk, a growing market offers the opportunity to earn a handsome return over time. "If you are hesitant to invest directly in stocks, you can choose a thematic mutual fund that focuses on the real estate market." Your money will be exposed to the real estate market through a pool of top real estate companies. The mutual fund investment strategy also reduces risk because the different performance of various players normalises returns," said Atul Goel Ganga, MD, Goel Ganga Group. 6/19/2022 0 Comments With rising property prices and interest rates, new home buyers face a double whammy. Considering the current two-decade low home loan interest rates and subdued housing prices, people planning to buy a new house are in for a rude awakening, as things have changed dramatically in the last few weeks. On the one hand, home prices have begun to rise to some extent as a result of high inflation, while interest rates have risen sharply. While many experts believe that the situation for new home buyers is deteriorating, others believe that all is not lost. Here's how recent events are likely to affect new homebuyers. Most raw materials used in construction, such as steel and cement, have seen significant price increases in recent months, causing home prices to rise. Higher interest rates will exacerbate the situation. "Rising interest rates, along with elevated property construction costs and product price pressures, could have a negative impact on real estate buyer sentiment," says Shishir Baijal, Chairman & Managing Director, Knight Frank India. "This hike in the policy rate comes as a hurdle as home loan rates will increase, putting a dent in homebuyer sentiments," says Ramani Sastri, Chairman & MD, Sterling Developers. Any increase in interest rates will increase the costs of doing business, and thus the move will hurt business sentiment as the economy recovers from the pandemic." The most vulnerable will be first-time home buyers. The affordable housing segment will bear the brunt of the pain, as the rate hike is expected to affect the vast majority of buyers. "The rate hike will push up home loan interest rates, which had already begun creeping upward after the surprise monetary policy announcement last month," says Anuj Puri, Chairman – ANAROCK. Interest rates will remain lower than they were during the global financial crisis of 2008, when they reached 12 percent and higher. Nonetheless, the current increase will be reflected in residential sales volumes in the coming months, particularly in the affordable and mid-segment segments. Read More: Year 2022 will bring great opportunities for Indian real estate: Dr Atul Goel There will be no respite in the near future. There is no relief in sight in the near future, as stubborn inflation numbers are likely to take some time to fall into the RBI's comfort zone. "As long as inflation remains above the RBI's upper tolerance level of 6% until December of this year, it will undoubtedly have an impact on housing demand," says Ram Raheja, Director, S Raheja Realty. There will be no relief for home buyers until there is a clear indication that hyperinflation and the Russia-Ukraine war are over. "Furthermore, monetary policy tightening by central banks around the world, as well as any resolution to the protracted Russia-Ukraine conflict," says Baijal. The silver lining for first-time home buyers Many experts believe that these rate increases are in the best interests of the economy and will ultimately benefit all homebuyers. "While the recent action will raise home loan rates, an unstable economy is not good for the overall health of the real estate industry." "For the industry to function optimally, the economy must continue to grow in a stable, inclusive, and consistent manner," says Atul Goel Pune, MD, Goel Ganga Group. Given that mortgage rates are expected to rise, the policy rate increase is expected to act more as a mood disruptor for home buyers. The impact of the rate hike on home loan EMIs, on the other hand, is unlikely to be significant because these loans have a longer term. Banks and mortgage lenders only partially transmitted the previous policy rate hike. Furthermore, interest rates are expected to remain at decadal lows, so while the opportunity for homebuyers is diminishing, it is critical to understand that affordability remains high and buying momentum is expected to remain largely intact," says Samantak Das, Chief Economist and Head Research and REIS, India, JLL. The current situation has taught borrowers how to deal with a long-term loan, such as a home loan, where the interest rate is bound to fluctuate up and down during the term. "There has been a fundamental shift in buyers' expectations and attitudes toward homeownership, which will largely withstand marginal fluctuations in lending rates," Sastri says. For property investors from all around the world, the Indian real estate industry has remained a viable market. Non-resident Indians (NRIs) have developed a significant interest in the Indian property market, which is unusual. Industry experts discuss why NRI investors should continue to invest in Indian real estate. NRIs can profit from a high return on investment and a cheaper initial capital commitment by investing in Indian real estate. There are several guidelines and regulations regarding NRI investments that you should be aware of in order to avoid any unexpected roadblocks in your investing path.
"NRIs get an indexation advantage for the properties that are kept in India. Immovable properties are for more than 24 months, for example, are long-term capital assets and receive an indexation advantage as well as simplified taxes at 20%. Sections 80C and 80TTA of the Income Tax Act of India also provide for some tax deductions," stated Atul Goel Ganga, MD of the Goel Ganga Group.
Conclusion At Goel Ganga Group developed by Atul Goel Ganga Pune, all the buyers are treated equally. If you are an NRI looking to invest in luxury properties in Pune, please contact Goel Ganga Group team. Additionally, if you are not physically present in India, you may contact through a friend or family member who will act on your behalf using a Power of Attorney (POA). 1/20/2022 0 Comments Atul Goel Ganga Pune: Living in a high-rise building allows you to enjoy both natural beauty and luxuryImagine yourself standing on your balcony, sipping your coffee and gazing out at the city lights. Living in a high-rise apartment has many advantages.
The tall buildings signifies dominance. It also defies gravity by reaching to the clouds. It raises a number of good points in our minds. There are numerous more advantages to living in a high-rise apartment. Here is a selection of a few for you to peruse: Beautiful Views From your highrise balcony, enjoy an unimpeded view of the serene beauty of lush green hills and a gorgeous riverbank. Sit on your balcony with your loved ones and take in the city’s beauty and charm. Enjoy every moment of your life with a view, from waking up to looking at the dawn to sitting with your loved ones under the stars at night. The breathtaking views from the top floors of a high-rise building are one of the most thrilling aspects of staying there. Whether you’re on the fifth or fifteenth level, there’s something magical about being able to stroll out onto your balcony at any time and take in the breathtaking views. Not to mention the pure joy of rising with the sun or staring up at the star-filled sky in the nights, says Atul Goel Ganga Pune. Natural light, ventilation, and fresh air are all important You will never complain about a shortage of fresh air or ventilation in such a large room. There is no obstruction in the way of ventilation, natural light, or fresh air when you live in a high-rise apartment. Security and Confidentiality With its all-around security, a gated community gives you complete peace of mind. Choosing a higher floor can provide you with even more privacy and security in your home. Noise pollution is reduced You’ll never have to worry about noise pollution if you live in a high-rise building in Western Pune. Forget about the honking cars and loud revving that are ruining your lovely night under the stars. You can now experience the peace and beauty of nature from the comfort of your own home. Peaceful view A magnificent morning awaits you as you gaze at the sunrise on the horizon and the sun’s light glistening on the river. Every morning, you wake up to this breathtaking vista from your bedroom. Living in a high-rise property will make your mornings even more enticing and exquisite. Life at the Ganga Asmi in Wakad Ganga Asmi can give you that feeling of being on top of the world. It is the Pune’s tallest tower, says Atul Goel Pune. The Ganga Asmi is one of the tallest structures ever built in Western Pune. The towers towering in the middle of Wakad, surrounded by a gorgeous vista of tranquil nature. The Ganga Asmi, with its modern infrastructure design, offers a magnificent lifestyle with 2&3 BHK apartments with a view of this beautiful metropolis. At “The Ganga Asmi,” you can live your fantasy in your dream home. The Ganga Asmi features luxurious properties with gorgeous furnishings, designer touches, and high elegance throughout. Designer kitchens, luxury flooring, and sophisticated fixtures are just a few of the unique features found in each property. The property’s unique exterior finishes and gorgeous natural setting will make you feel serenity. The towers tall in the heart of Wakad, allowing you convenient connectivity to the active city life, with a class-apart infrastructure and gorgeous views from your property. Conclusion High-rise residences provide much more than an opulent lifestyle. It gives you a sense of security, tranquillity, and comfort. At The Ganga Asmi by Atul Goel Ganga, returning home after a long day at work is something you will look forward to. The most significant distinction between a standard apartment and a luxury one is the inclusions. Parking, a designated laundry space, and central air conditioning are commonly included in standard apartment apartments. Luxury flats in Pune by Goel Ganga Group Owner, Atul Goel, on the other hand, include much more, making it even easier for homeowners to live comfortably.
Aside from the aforementioned features, luxury flats frequently include the following:
Following are the reasons why you should buy an apartment in Goel Ganga Group projects developed by Atul Goel Ganga. Premium Services As previously said, the amenities given set this piece of real estate apart from regular condos. Customers of luxury flats benefit from the community's convenience. A treatment centre, hairdresser, walking route, parks, playgrounds, or even medical clinics are not uncommon to locate on or near the apartment grounds. Services of the highest quality Aside from premium facilities, buying a luxury apartment entails the availability of premium services. Professional snow removal and lawn care services care there to prevent dangers in the winter and improve the unit's beauty in the summer. Premium location Because luxury apartment units place a premium on convenience, they provide services to their residents and guarantee that they are close to retail areas such as malls, grocery stores, and cultural centres. Although this proximity comes at a higher cost. Some who like having these commercial locations close by are unconcerned about the unit's costs because it saves them money on gasoline. Parking is guaranteed Depending on the unit size, luxury condos come with either one or two allocated parking spaces. Even though you must pay for those slots on a yearly basis, it is a far safer alternative to leaving your vehicle(s) outside the community. Increased Security These flats are located in low-crime areas and adhere to stronger safety regulations on the premises. Some of the characteristics that a building of luxury condos may have are deadbolts on the doors, controlled access gates, and a gated parking lot. However, double-check with the administration. Improved Air Conditioning Systems Regular HVAC systems can be noisy, clumsy, and inefficient, causing extra noise during a meeting or distributing too little or too much air. Those who live in luxury flats, on the other hand, are more modern. They're quiet, efficient, and can be controlled with a smart remote for added convenience. Home with a balcony Premium apartments also come with a balcony, allowing you to enjoy a magnificent outside experience from the comfort of your own home. Turnover without a hitch When you own an apartment, you normally have to clean it before you move in permanently. Not in the case of luxury apartments! In preparation for the new owners, the building administration has a professional cleaning service clean every room. Improved Acoustics You won't have to worry about waking up in the middle of the night because of loud neighbours or thumping bass lines. Sound quality measures are advance here in luxury residences to block out unwanted noise. Conclusion The comforts of facilities, retail outlets, increased safety, and other premium features included in luxury apartments more than justify their greater price. These provide you and your family with a stress-free lifestyle that is well worth the investment. You should look for a luxurious apartment at Ganga Asmi in Wakad by Atul Goel Ganga Pune, which goes above and beyond to provide their residences with the premium lifestyle they deserve! When you decide to buy a new home for yourself the first thing that comes in the mind is whether to go for under-construction flat or ready to move in flat. Both the choices are great. But under-construction flats are good because of its investment rate and latest property within low budget.
Before investing in any type of real estate project it is important to make a learned decision. You should not make this decision in a hurry rather take a decision with logical facts and calculation. Buying an under construction property is now the easy method to make your home dream fine true. Atul Goel Ganga Pune, the managing director of Goel Ganga Group suggest to invest in under-construction project as it makes sense if you are planning to buy a home for the first time or still living on rent. It will be more cost effective for you. Spending your earnings should bring profit to you. Ready to move in properties are high priced and doesn’t make sense investing in if you are planning to buy a home for long run. Following are some amazing benefits of buying under-construction apartments this year. 1. Lower cost: One of the most important thing before buying any property is cost. An under-construction is quite less expensive than ready to move in property. Under-construction apartment is always a great decision as prove of under-construction property rises with the stages of completion. 2. Higher returns: Under-construction always offer better higher returns in investments. If you plan to sell the property near the possession time, you stand a good chance of earning a great appreciation on your capital. If we think logically, with the progression of your property the price will rise eventually. There is a difference of 10-30 percent prices in under-construction and ready to move in property says Atul Goel Ganga. For higher returns location, area, infrastructure these factors should be considered. 3. RERA compliance: Most real estate projects were under-construction when government of India enacted RERA act in year 2017. So these projects are fit for occupancy with required facilities like water, electricity and sanitation facilities. Buyers can easily avail information about these projects on their respective state’s RERA website. 4. Payment flexibility: To buy a completed property a buyer has to pay the whole amount at once. But under-construction brings payment flexibility with it. For under-construction property you just have to pay 10-30 percent of the whole amount. Then you can also pay in EMIs according to the construction plan. It is a huge advantage of buying an under construction flat. 5. New construction: Under-construction projects offer new and latest advanced amenities facilities and construction. While moving to a new property there so no worry of repairing or other things. When you are planning buy a new home there so no point in buying a old property. You will get latest and new features in under-construction property says Atul Goel, Goel Ganga Group Owner. According to Ganga Bhagyoday Towers reviews of Goel Ganga Group, it offers great facilities in terms of construction and facilities. If you are planning to buy 2 or 3 bhk flat Goel Ganga will provide you inhouse services all within the society campus. 9/23/2021 0 Comments E-registration of properties will soon be introduced by Maharashtra Government | Atul Goel GANGA Pune.For the purpose of sale, gift, transfer, or lease, properties need to be registered under the registration act, 1908. In most of the states, buyers have to visit registrar’s offices to register their properties. Now, Maharashtra has announced to launch their online portal for the registration of the properties. E-registration process will rule out middlemen and buyer and seller both parties will no longer have to visit registration offices to complete the process. Due to covid-19 challenges, the real estate industry was expecting some relaxation from the state government. One of the so many steps taken by state government is reduction in stamp duty. Also Read: Goel Ganga Group owner Maharashtra revenue minister, Balasaheb Thorat said that E-registration software and the procedure will be officially commenced from October 2, 2021 by Maharashtra government. The registration is for the developers of MahaRERA-approved projects who will be provided with the software after due checks. Now, developers will easily be able to register the documents from their offices. It is also a great move to benefit citizens. He also added that E-registration is not only for developers and builders, it will also benefit citizens. Though the revenue minister earlier announced that e-registration would be mandatory for all the developers but now it’s for all those new housing projects which are listed under the Maharashtra Real Estate Regulatory Authority (MahaRERA). Inspector general of registration and stamps, Shravan Hardikar said that the state registration is all ready to examine the software next week. E-registration in Maharashtra is already been followed by around 60 developers. Also, more than 350 projects and 2700 documents have been registered through online registration. He also said that an orientation will be held for developers and builders at the end of month of September.
According to Atul Goel Ganga, director - Goel Ganga Group, this initiative will bring around a lot of transparency and it will turn out to be breakthrough in the Indian real estate in terms of future-sealing the business from such present unsure occasions. The department of e-registration is also contemplating the application process. To access the software, the developers will have to reach the joint district registrar first. This process will lead to more and more registrations and will also ensure more staff members to speed-up online registrations of the documents. This process would be a game changer for both developers and customers, said Atul Goel Pune. He also said that this process will bring clarity and transparency in the registration process. Atul Goel Ganga Pune also added that, this decision of going online will not only benefit real estate developers but also the government to prevent any kind of revenue shortfalls in future, especially in this time of pandemic. Buyers who are planning to register properties in October will no longer have to charge middle men and there will be no involvement of middlemen which will save time and money of the property owners. Earlier property registration was given the long waiting period time and huge amount of money charged by middle men. Also Read About: Goel Ganga Group reviews |
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