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East Pune: Unlocking New Investment Opportunities in a Thriving Hub
Nestled in the Western Ghats, there lies a picturesque hill station in the Mawal Taluka of Pune. Spanning an area of 242.96 hectares, this scenic destination captivates visitors with its natural beauty.
The closest airport to this hill station is Pune airport, conveniently located just 45 kilometres away. Additionally, it is also easily accessible from Mumbai, as it is situated approximately 110 kilometres from the bustling city.
With its breathtaking landscapes and convenient location, this hill station is a must-visit for nature enthusiasts and travelers seeking a tranquil escape.
Why invest in Kamshet?
Talegaon, a thriving destination, offers attractive price relaxation in properties, making it an appealing choice for real estate investment. One of its notable features is the presence of five different defence systems at Larsen & Toubro's strategic systems, showcasing the area's strategic importance. Moreover, Talegaon boasts a good number of affordable properties, catering to diverse budgets. Its proximity to the Mumbai-Pune Highway adds to its allure, ensuring convenient connectivity for residents and commuters alike. As a pollution-free location, it has become a favored spot for weekend homes, providing a serene and refreshing getaway. Additionally, Talegaon offers excellent civic amenities and a well-developed social infrastructure. An ideal place to settle down.
What type of land properties is available in Kamshet?
Residential Plot near Mumbai -Pune Highway
Agro farming plot - Near Umbarwadi, Nane road kamshet
Vila Plots - Near Mumbai-Pune Expressway
Bungalow plots in Lonavala Annexe
Plot rates in Kamshet
Rs 2000sq ft onwards
Is real estate in Kamshet evergreen or volatile?
Kamshet, known for its affordable residential options, presents a promising choice for individuals seeking budget-friendly housing. The region boasts big plants of renowned companies like General Motors, Volkswagen, Mahindra, and Cadbury, further adding to its economic significance. Situated in close proximity to the industrial belt of Chakan, Kamshet benefits from its strategic location, attracting professionals working in the industrial sector. The affordability factor plays a pivotal role in fostering the growth of the real estate market in Kamshet, making it an attractive destination for both investors and homebuyers looking for reasonably priced properties.
What are the advantages of owning a property in Kamshet?
Affordable property rates
Better return on investment
Good prospects for buyers who want huge land parcels
All you need to know about land property investment in Kamshet
Kamshet comes under Mawal taluka of Pune. It is 2200 ft above sea level. From Pune, its distance is 45 km. From Lonavala and Khandala, it is 16 km away, and from Mumbai, it is 110 km away. Surrounded by western ghats, magnanimous hills, temples, monasteries, and gurgling waterfalls, kamshet is known as the paraglider's paradise. One of the favorites of tourists, Kamshet has become the best possible location for real estate developers and MNCs. Moreover, its connectivity to the two booming cities of Maharashtra( Mumbai and Pune ) has made it the best possible place for investment.
Economic infrastructure in Kamshet
Until now, Pune was known as the 'Pensioner's Paradise; the city has recently transformed into an investor's paradise. Youngsters prefer outskirts like kamshet and Talegaon. These localities are approximately 30 minutes away from Hinjewadi. These areas are preferred due to affordability factors and the availability of properties for homebuyers. Moreover, setting up manufacturing plants of MNCs's likely to boost the economy of this area.
Major attractions in and around Kamshet
Adventure: For tourists, paragliding is one of the famous adventure sports done super safely by trained professionals.
Places: Bedsa caves, Karla caves, Bhaja caves, and Kondeshwar temple are some of the major tourist attraction spots in and around Kamshet. Khandala, another popular tourist spot, is 16 km away from Kamshet.
Connectivity
Kamshet offers convenient transportation options with a well-connected bus stop, providing regular bus services that connect Mumbai and Pune. Visitors to Kamshet can explore a range of fascinating places, including the Kondeshwar caves, Karla caves, Bedsa caves, and Bhaja caves, all offering glimpses into ancient history and architecture. Additionally, Kamshet is located just 16 kilometers away from the famous tourist spots of Lonavala and Khandala, known for their picturesque landscapes and serene ambiance. Whether it's exploring historical caves or enjoying the natural beauty of nearby destinations, Kamshet provides an ideal basis for an enriching and memorable journey.
When contemplating the acquisition of land property, choose Genuine plots, as they can greatly assist with the accompanying paperwork. Opting for Genuine plots allows buyers to sidestep potential legal disputes and complications that may arise due to ambiguous titles or erroneous documentation. Genuine plots streamline the purchasing process and contribute to a seamless and gratifying transaction.
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Tips for buying commercial land in IndiaHow to Get an Encumbrance Certificate (EC) in Maharashtra: A Simple Guide
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If you need an Encumbrance Certificate (EC) for a property in Maharashtra, here’s a simple step-by-step guide to help you:
Steps to Get an EC in Maharashtra
- Visit the Sub Registrar's Office:
- Go to your local Sub Registrar's office. This is where you will apply for the EC.
- Get the Application Form:
- Ask for Form 22, which is the application form for the EC. You can get this form at the Sub Registrar office.
- Fill Out the Form:
- Complete the form with all the required details about the property and yourself.
- Submit the Form:
- Submit the filled form along with:
- Non-judicial stamp paper
- Required documents
- The reason for needing the EC
- Pay the Fees:
- Pay the fees for the EC as mentioned at the time of submission. The fee depends on where you apply.
- Receive an Acknowledgement Receipt:
- After submission, you will get an acknowledgment receipt with an ID number. Keep this receipt safe as it is proof of your application.
Documents You Need
To apply for an EC, you will need the following documents:
- Proof of your residence
- Identity cards like Aadhaar, PAN card, and ration card
- Address and details of the property
- Copy of the sales deed (any deed related to the land, whether recent or old)
- Purpose of the EC request
- Period for which you need the EC
- Copy of the power of attorney if someone else is applying on your behalf
Eligibility Criteria
To apply for an EC in Maharashtra, you should meet these conditions:
- You must own the land or property for which you are applying.
- If someone else is applying on your behalf, they must hold a valid power of attorney.
Important Notes
- Processing Time: The EC usually takes between 15 to 30 days to be issued after you apply.
- Language: The EC is issued in the regional language. If you need it in English, there will be an extra fee for translation.
You can obtain your Encumbrance Certificate easily by following these steps
Encumbrance Certificates: Importance, Types, and Benefits for Property Transactions
An Encumbrance Certificate (EC) is an important document that proves a property is free from any legal or financial problems. This certificate is issued by the Department of Registration and Stamping in the state or union territory where the property is located. It is needed when you are registering ownership, selling, or transferring property. The EC is also required by banks when you apply for a home loan or a loan against your property.
What Does the Encumbrance Certificate Show?
The Encumbrance Certificate gives a history of the property, showing who owns it and listing all transactions related to it. This can include sales, purchases, loans, leases, and other changes in ownership, like inheritance. The EC can go back as far as 30 years and also include information about any legal disputes or fraud related to the property.
Why is the Encumbrance Certificate Important?
- Proof of Ownership
- The EC is a key document that proves who owns the property. If you want to buy land or a property, the EC helps ensure that no one else can claim it later. It confirms that the property is legally yours.
- Tax Records
- If property taxes haven’t been paid for more than three years, the EC is used to update the tax records with the local Panchayat or Village administrator. This keeps the property tax information accurate.
- Loan Applications
- When you apply for a loan using your property as collateral, the bank will ask for an EC. The certificate shows that the property has no legal issues, making it easier for the bank to approve the loan.
- Property Mutation
- After buying a property, you need to update the ownership records with the local municipal corporation. This process, called mutation, requires an EC to confirm the transfer of ownership.
Types of Encumbrance Certificates
There are two types of Encumbrance Certificates, which are issued by the sub-registrar office (SRO):
- Form 15:
- This form is issued when the property has had transactions like sales, purchases, loans, leases, gifts, or inheritance. It shows that the property has been involved in these transactions.
- Form 16:
• This is issued when there have been no transactions recorded for the property during the period the certificate covers. It is also known as a “nil-encumbrance certificate,” meaning there are no encumbrances (issues) on the property.
Investing in plots of land is a smart choice in 2024. Here’s why buying land could be a great decision for your future:
Tangible Asset with Lasting Value
Owning a plot of land means you possess something real and valuable. Land generally retains its worth over time. As a finite resource, land often appreciates, providing a stable and reliable investment.
Flexible Use
A plot of land offers incredible flexibility. Whether you want to build your dream home, set up a business, or sell it later for a profit, land provides a blank canvas for various uses.
Potential to Increase in Value
Historically, land values tend to rise over time. As populations grow and available land becomes scarcer, your plot’s value is likely to increase. This potential for appreciation can be a significant financial advantage, making land a lucrative long-term investment.
Low Maintenance
Compared to properties with buildings, land requires minimal upkeep. You don’t have to worry about repairs, renovations, or managing tenants. This low-maintenance nature reduces costs and stress, making land a hassle-free investment.
Protects Against Inflation
Land acts as a hedge against inflation. As living costs rise, land values often increase, helping to preserve your investment’s value. This protection against inflation ensures that your asset maintains its purchasing power over time.
Opportunity for Future Income
While land doesn’t provide immediate income, it can be a source of future revenue. You might sell it at a higher price later or develop it to generate rental income. This potential for future cash flow adds to the attractiveness of land as an investment.
Investing in plots in 2024 offers numerous benefits. With its enduring value, flexibility, appreciation potential, and low maintenance, land is a solid investment choice. It provides protection against inflation and opportunities for future income, making it a wise addition to your investment portfolio. Start exploring land opportunities today to secure a prosperous future.
Land-locked land means a piece of land that doesn’t have direct access to roads or other public places. Valuing this type of land can be a bit tricky, but here’s a simple guide to help you understand it better.
- Understand the Location:
- Check where the land is located. Is it close to important places like markets, schools, or factories? Even though it is land-locked, if it is near valuable places, it may be worth more.
- Check the Land’s Size:
- Measure how big the land is. Bigger land usually costs more, but the value also depends on other factors.
- Look at Similar Land:
- Find other land pieces that are similar and see how much they cost. This will give you an idea of how much your land might be worth.
- Consider Future Use:
- Think about what the land can be used for in the future. If it can be used for something important or profitable, it might increase in value.
- Find Out About Access:
- Even if the land is land-locked, check if there are plans to improve access in the future. Easier access can make the land more valuable.
- Check for Legal Issues:
- Make sure there are no legal problems with the land. Clear legal status adds to the land’s value.
- Consult an Expert:
- If you’re unsure, ask a real estate expert for help. They can provide a more accurate valuation.
In summary, valuing land-locked land involves understanding its location, size, similar land prices, future use, access, legal issues, and sometimes getting professional advice.To learn more and find verified, clean land with expert advice and online booking options, contact Genuine Plots today!
Plot vs. Flat: Weighing the Pros and Cons of Real Estate Investments
When it comes to real estate investment, whether it's land or an apartment, both options offer lucrative opportunities, but each comes with its own set of advantages and drawbacks. Here’s a comprehensive comparison to help you make an informed choice.
Appreciation Potential:
Plots: Land typically appreciates over time more reliably than apartments. The limited availability of land means its value tends to increase, reflecting the growing demand and scarcity. Unlike buildings, land does not deteriorate but instead appreciates as urban areas expand and develop.
Apartments: While apartments can also appreciate in value, this growth can be slower and is often influenced by factors like the property's age, maintenance, and the surrounding area's development. Apartments depreciate over time due to wear and tear, and their value is closely tied to the building’s condition and location amenities.
Customization and Development:
Plots: Purchasing a plot of land offers flexibility which allows you to create a home or commercial space that meets your specific needs without limitations.
Apartments: Apartments come pre-built, with limited scope for customization. While this can be advantageous if you prefer a ready-to-move-in option, it may not meet all personal preferences and needs.
- Symbol of Wealth and Lifestyle:
Plots: Owning land is often seen as a status symbol and can significantly enhance one’s lifestyle. A plot provides the potential to build a spacious home or a large commercial space, reflecting a higher standard of living.
Apartments: While apartments can offer a comfortable and convenient lifestyle, they generally come with size limitations and might not convey the same level of wealth as owning substantial land.
- Ownership and Possession:
Plots: Land can be acquired and possessed relatively quickly. The transaction process is usually more straightforward, allowing buyers to take control of the property sooner.
Apartments: The process of buying an apartment can be lengthy, involving legal procedures and potential delays in development. It can take months or even years before you are granted ownership, during which time the project’s completion might face setbacks.
- Quality and Maintenance Issues:
Plots: As land does not require immediate maintenance, it is free from concerns related to wear and tear. The value of the land remains unaffected by the passage of time.
Apartments:The quality of an apartment can suffer due to construction delays and cost-cutting measures by builders. Over time, apartments require regular maintenance and repairs, which can affect their long-term value and living conditions.
Conclusion:
Choosing between a plot and an apartment depends on your investment goals and personal preferences. If you value long-term appreciation, customization, and a symbol of wealth, investing in land might be the better option. Conversely, if you prefer immediate use and are willing to accept some level of depreciation, an apartment could be a suitable choice.
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