Mantra Of The Millennium.

Redevelopment is the new mantra of the millennium,especially and particularly for the city of pune with its scarcity of space and a bourgeoning population. Considering the paucity of developable land, redevelopment is no longer an option, but a necessity.

This has changed punes cityscape as buildings between 20 years and 50 years of age on land with an unutilized Floor Space Index (FSI) are being demolished and highrises towering tall in their place. In fact, almost all suburban construction projects in recent years have been redevelopment projects. A growing chant heralding an era of overwhelming change, Redevelopment, when planned, executed and implemented properly and correctly, is a win-win situation for all stakeholders.

” The greatest discovery of all time is that a person can change his future by merely changing his attitude.”

What Do We Achieve.

Redevelopment is the new mantra of the millennium,especially and particularly for the city of pune with its scarcity of space and a bourgeoning population. Considering the paucity of developable land, redevelopment is no longer an option, but a necessity.

This has changed punes cityscape as buildings between 20 years and 50 years of age on land with an unutilized Floor Space Index (FSI) are being demolished and highrises towering tall in their place. In fact, almost all suburban construction projects in recent years have been redevelopment projects. A growing chant heralding an era of overwhelming change, Redevelopment, when planned, executed and implemented properly and correctly, is a win-win situation for all stakeholders.

"The greatest discovery of all time is that a person can change his future by merely changing his attitude."

Advantages for Housing Society

Creation of a Corpus Fund by the developer to cover the original members’ share of maintenance costs of the redeveloped premises. These funds can also be utilized for other purposes as per the decision of each individual member

Besides the additional area that each society member would get in the newly constructed building as compensation from the developer, a society member can purchase additional space from the developer at the best available price.

Alternative accommodation expenses including rental charges, broker commission and relocation costs are provided to each and every member of the society till the new premises are constructed.

State-of-the-art technology ensures safety and security through CCTV surveillance systems, intercom systems, smoke detectors, fire fighting alarm system, high speed elevators etc.

Redeveloped complexes and towers provide for ample parking space with basement/stilt podium parking facilities and is a boon for multiple vehicle owners.

Advantage

Architectural Amenities

  1. Earthquake resistant design for buildings
  2. Productive plan for new flats
  3. Natural light and air ventilation
  4. Modern and better elevation
  5. Well planned infrastructure

recreational facilities

  1. Ample car parking
  2. Health club
  3. Landscaped garden
  4. Children’s playground

other facilities

  1. High end security systems
  2. Stand-by generators
  3. Fire fighting systems
  4. Anti termite treatments
  5. U/G tanks with submersible pumps having sensors
  6. Provision for Piped Gas, Cable TV, Telecom, Internet
  7. Concealed Plumbing and Electrical lines

Stages Of Redevelopment Process

Frequently Asked Questions

Before you purchase a flat, you have to have a title and document search conducted by a competent advocate. You cannot do it yourself. You have to use the services of a competent advocate. It is a professional job to be done with professional assistance.

Carpet area is the area of the apartment/building which does not include the area of the walls. Built-up area includes the area of the walls as well. Super built-up area includes the built up area along with the area under common spaces such as the lobby, lifts, stairs, etc. This term is therefore only applicable in the case of multi-dwelling units.

If you want to purchase a property, you have to look at the approved layout plan, approved building plan, ownership documents, research, etc. Contact an advocate before you purchase a property for advice.

The stamps are required to be purchased in the name of any one of the executors to the instrument.

The liability of paying stamp duty is that of the buyer unless there is an agreement to the contrary. Section 30, of Bombay Stamp Act, 1958 states the liability for payment of stamp duty.

Market value means the price at which a property could be bought in the open market on the date of execution of such instrument. The Stamp Duty is payable on the agreement value of the property or the market value, whichever is higher.

The instruments like Agreement to Sell, Conveyance Deed, Exchange of property, Gift Deed, Partition Deed, Power of Attorney, settlement and Deed and Transfer of lease attract Stamp Duty on market value of the property.

The Sub-Registrar of the area, in whose jurisdiction the property is located, is the appropriate authority for knowing the market value of the property.

A freehold property (plot or a flat) is one where there is a whole and sole owner(s), ownership is full and unconditional (within the provisions of the laws of the land) and there is no lessor/ lessee involved.

POA cannot be converted into anything. Leasehold properties of DDA in Delhi can be converted to freehold, as per provisions.

Regarding authenticity of documents, again, you have to consult an advocate to verify.

You can get a Home Loan of up to 85% of the Total Consideration Value.

Legally, the actual area owned by the individual is the basis for calculation of maintenance charge.

Property taxes area due from the date the unit is occupied or the date of completion certificate whichever is earlier

The Maintenance amounts are due from the date the apartment is ready for possession

The instruments like Agreement to Sell, Conveyance Deed, Exchange of property, Gift Deed, Partition Deed, Power of Attorney, settlement and Deed and Transfer of lease attract Stamp Duty on market value of the property.

While the possession cannot be handed over until completion of the formalities, temporary arrangement could be made to have the apartment kept open for a few hours for the purposes of performing the pooja.

A ready reckoner is published on the 1st day of January every year.

D & T Properties, Deshpande Realty was founded in 2014 & has grown into the most trusted and respected company in the industry today.

By developing quality environments, the company creates value for its customers & partners while maximizing returns from investment.

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Address: D & T Properties, 101, 102 First Floor, Dhutpapeshwar, Mrityunjay Co. Op. Housing Society, Mayur Colony, Near Aviraj Hostel, Kothrud, Pune -411038

deshpanderealtysales.pune@gmail.com

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+91 9766477077
+91 7420877077

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