Saturday, 11 February 2017

An 'affordable' dream come true!

The Union Budget 2017-18 has shown a ray of hope to millions of home aspirants by increasing the allocated amount to 23,000 Cr. towards the affordable housing needs. This revolutionary move will give the necessary boost to the real estate sector and soon affordable housing will be a reality than just a delusion.
The decision to grant Infrastructure status to affordable housing will encourage real estate developers to plan for more budget homes. This budget brings multi fold benefits to real estate developers where they receive tax benefits, subsidies and gain access to the land specially released for affordable housing. Builders and developers will obtain an advantage of faster clearances and funds for expansion plans regarding various projects.
Hon. Finance Minister's announcement of reducing the holding period for Long Term Capital Gains from 3 years to 2 years is an affirmative step which would reflect in increased interest of investors in the Real Estate sector.
Since affordable housing would be on the high priority for financial institutions, the buyers would certainly benefit from easier funding and lower interest rates resulting into more number of home buyers and eventually increased demand for creation of new construction.
This budget brings a welcoming reform which will extend some relief to the real estate industry by providing an elimination of 25 km limit for construction site from Metro Cities and making an allowance for carpet area of 60 sq meters for the income tax exemption. It also tenders 5% corporate tax rebate for construction companies having revenue below Rs. 50 Cr.
We are sure that real sector will attain the much needed thrust through this intelligent budget. It is a welcoming move and will act as a catalyst to meet the intention of Housing to all by 2022.
Hon Finance Minister also announced that NHB (National Housing Bank) will refinance individual loans worth Rs 20,000 Cr in 2017-18. On the front of personal income tax, the existing tax rate for incomes between Rs. 2.5 lakh to 5 lakh has been reduced to 5%, and taxpayers in other categories will also save Rs. 12,500.

Highlights of the budget 2017-18 include; 1 cr. rural houses will be created by the year 2019, Pradhan Mantri Awas Yojana to get Rs 23,000 cr., Instead of Built up area of 30 and 60 sq meters, the carpet area of 30 and 60 sq meters will be applicable for affordable housing. Further to these advantages there are few more like; Indira Awas Yojana will be extended to 600 districts,
total budgetary allocation for the infrastructure sector is Rs. 3,96,135 cr.,
budget allocation for National Highways would be Rs 64,000 cr. and indexation for capital gains has shifted from 01-04-81 to 01-04-2001.
The Hon. Finance Minister announced change in the time period for calculation of speculative rental on unsold stock held by developers for tax purposes, which will now kick in only 1 year after the completion of the project has brought a major relief to housing developers.

All these moves have been greatly appreciated by the real estate sector. The impetus being given to the road infrastructure, manufacturing and affordable housing the government has incorporated all the required elements to develop new cities around our industrial transport corridors.
Smartly crafted budget will allow the new generation to save more and promote personal investment.
With an announcement of an enormous budget plan for the infrastructure development, it will further expand the possibilities for real estate development sector across the country. In all the Union Budget 2017-18 has given some respite to the realty sector encouraging the developers as well the new home buyers!

Monday, 25 July 2016

PUNE - A beautiful home for everyone

Pune is the second largest city in Maharashtra and the eight largest city in India. It consists of two municipal corporations, Pune and Pimpri Chinchwad. This city has an impeccable record of highest growth within a span of 20 years.

Pune has always played an important role in India’s economic development. Pune has a lot of developing industries, the automotive industry being the most influential. IT and education are the other major sectors here. It is known as the Oxford of the East. Because of the presence of a number of educational institutes and colleges, Pune has a very cosmopolitan, young and urbane crowd. Due to its rapid growth rate, this metropolitan city is attracting various IT companies to set up their base and corporate offices here. As IT industry is growing, the job opportunities are tremendously increasing for the newly graduates and IT professionals.

With a population of over 3 million people, Pune has seen numerous and diverse housing and property developers; Kumar Properties being a renowned and established brand. Founded in 1966, Kumar Properties have come a long way from starting as rental estate developers to becoming pioneers in the field of construction.

We have a diverse enterprise and are involved in the construction of IT parks, malls, commercial buildings, commercial malls, bungalow projects like Palm Springs, apartments and luxurious complexes like Megapolis and Princetown Royal. With over 130 projects and a huge family of about 30000 happy customers from different backgrounds, we do not believe in mere construction but the creation of complete living. We always aim at providing latest amenities and facilities that last for a lifetime with little maintenance. 

Changing your dreams into homes since 50 years, come join us at Kumar World!

Friday, 13 May 2016

Smart homes in Pune

What is a smart home?

Smart homes are basically a residential units which are centrally located and have

easy access to all the resources.

Why do people prefer smart homes?

Development of the IT sector, existing and increasing educational and employment

opportunities has led to exceeding number of professionals as well as students

migrate to Pune.

It’s perfect for less number of people - For the ones who aren’t quite happy sharing

their homes with others, this is the best way out. The space would suffice the main

purpose. It’s comfortable and hassle free.

Less expenditure - The rate as well as the rent of such spaces will mostly be in the

right range. So, no affordability issues either.

Resources - Usually, all the resources you need- school, park, medical care and

many more is at a hand’s reach.

Megapolis, Pune:

A number of ongoing and upcoming residential projects in Pune are implementing

the idea of smart homes. Megapolis smart homes in Hinjawadi are attracting many

investors. These homes come with other amenities such as club house, gymnasium,

swimming pool, etc.

IT professionals in Pune, specially, who are necessarily occupied with their work

commitments, have are seen choosing Megapolis as their home. They are assured

with top notch education and co- curricular activities for their kids. For example,

Pawar Public School here provides education, the Mahesh Bhupati

Tennis Academy offers multiple tennis programs at reasonable rates. Apart from

these, other facilities such as shuttle service, shopping arcade, etc. are also made

available for the residents here.

Smart homes I- Sparklet, Smart homes II- Sunway and Smart homes III- Splendor

are the completed projects at Megapolis. Recently, they have announced the pre-
launch of the new range of smart homes: Smart homes IV in Megapolis.


Thursday, 21 April 2016

Affordable housing in India

With the hike in property prices, investing in a desirable one might just seem a

dream to many. This is a commonly observed trend in all of the metropolitan cities

of India. An increasing number of NRIs are seen coming back and buying priced high

properties here.

Unlike them, most of middle class and upper middle class residents here fail to afford

the properties they wish to buy. The market prices do not match the affordability at

times, whereas, some other times, the spaces do not stand up to the price we are

willing to invest. Seems difficult, right? Here’s how you can make affordability and

your dream property meet each other on a common ground. Well, almost.

Target non-metropolitans –

It is rather obvious for professionals to settle for a property investment in a

metropolitan. It is reasonable as well. But, try and think about the benefits of making

a purchase in a city, and not a metropolitan. It doesn’t need to be Mumbai or

Bangalore. Target the big cities around instead. Pune, Nashik, Bhopal, Vadodara,

Coimbatore among a few others have property spaces that are affordable and


Know your needs -

People often buy a property by simply following the trend. Think about what you

really expect of a property. Is it that not-so-useful club house, or the locality?

Townships are undoubtedly upright. However, don’t be scared to consider a

property that’s on resale. They can be just good enough. And of course, needless to

say, affordable too.

Plan -

You need to plan it right. Be well informed, do your research. Consider all the

finances- EMIs, interest, insurances, taxes and your other finances. Once you plan

and analyze every financial bucket efficiently, you’ll certainly be a few steps closer

to making the investment.

Out of vicinity -

If you think you just can’t buy a housing elsewhere, and if you are someone who

doesn’t mind driving those few extra miles every day, then choosing one on the

outskirts will also help. Again, do your research before you invest in something that’s

not located centrally.

Build your resources -

It is okay to go with your instincts, but it is important to think and rethink your

decision. Get in touch with the right builders. And to be absolutely sure, always go

for that second opinion.

Keep yourself updated all the time. It’s a long, tedious process. But it’s a lifetime

investment. Do it right.

Tuesday, 23 February 2016

Real Estate - Growth, Strategy and Performance

Buying homes, selling plots or even renting- there are lot of parameters that need to be taken into account. Let’s shed some light on the realty scene in Pune.


2014 and 2015 witnessed a number of ups and downs in the real estate market. The demand for investing in properties in 2014 was higher than 2015. More than 200 projects were launched just in 2014. Last year, the demand went comparatively down. However, according to statistics, the property rates have been more or less the same, which is why, the year has nevertheless been rewarding for the developers.
Hinjawadi and Moshi, which happen to be unknown localities are also attracting developers and investors. A lot of investors are also expanding in Lonavala and localities nearby.


Compared to the other metropolitan cities of the country, the buyers strongly believe that the property rates are reasonably affordable for the property size in Pune. Most of the property units are medium-sized, which makes it very convenient and practical for the buyers to invest in these units. Most of the developers are flexible when it comes to housing loans, which is also creating customer satisfaction for the investors.

A lot of underdeveloped localities in Pune are witnessing upcoming projects by reputed builders. Wagholi, Moshi, Pisoli and Hadapsar among few others are recent examples of this development. On the other side, the areas with infrastructural efficiency like Baner, Boat Club Road, and Kothrud among others, have a number of ongoing projects where development of luxurious residential and commercial spaces is witnessed. 

A few US based developers are also keenly taking up luxury home projects in and around Pune.
As of now, investing in properties in Pune seems the right time, majorly because of the affordability. Thanks to the IT parks, even semi-rural and underdeveloped localities of Pune are now major real estate hotspots. 

Sunday, 13 December 2015

Customized office spaces @ Kumar Primus!

Kumar Primus offers modern, customized offices spaces starting from 240 sq.ft. available for lease / purchase.



Located on Pune-Solapur Road, Kumar Primus offers excellent opportunity for a broad 

range of businesses. The multi-storied business centre is surrounded by well-known 

malls, residential complexes and IT parks which would ensure strong footfalls, in 

addition to the customers from immediate and surrounding catchments of the city.

Prime Location

On main Solapur Road, well-connected to the developed infrastructure of Hadapsar-

Magarpatta-Kharadi-Chandannagar and Sopan Baug-Fatimanagar-Wanowrie. 2 kms 

from Magarpatta City, 4 kms from Camp, 6 kms from Pune Railway Station and 8 kms 

from the airport.

In the Proximity


Krome Mall

Big Bazaar

Fame Adlabs

Kumar Properties – Blog 9

Version 1.0.0, Dec 11, 2015 

Hadapsar Industrial Estate

Sopan Baug

Magarpatta City


Kumar Planet IT

SP Infocity

Main Features

 Ground floor opportunity for brand showroom - ideal for vehicle or white goods manufacturers, hyper-market store or multi-cuisine restaurant

 Excellent floor space available second floor onwards for corporate offices

 Separate automated car park tower

 Lifts with power backup

 Firefighting system

 24x7 security


Friday, 4 December 2015

Kumar Properties - Mobile application launch

Introducing our mobile application!

Kumar Properties is proud to announce our mobile application – a one stop shop for all your home needs!

Links to download:


a. Complete Projects details 

Floor Plans


Photo gallery

Virtual tour

Location map

Aerial video

b. Contact features



Live chat

Home loans

Social media

Inquiry forms

Toll free numbers

c. Special features 

Live view

Payment gateway

Payment schedule

Offers and discounts

Refer a friend

GPS enabled location map for all projects

All properties of the company can be accessed through the search functionality

Application benefits

a. New customers

- Just download the app and glance at all projects and JVs by Kumar Properties at Pune, Mumbai, and Bangalore. If it suits your choice, register with us.

- Just download the app to know latest offers. If you like, please register with us.

- Buy from where you are. Live viewing>Virtual Tour>Live chat>Skype Talk> WhatsApp> we bring the site at your palm.

- Show your property to distant friends and family real time on App.

b. Channel partners

- Sell from where you are. Be updated with latest offers and prices with this App.

- Unique code keeps transparency in dealings and commissions. Book through your App or through your Authorization code by the customer.

- The App maintains your A/C for bookings.

c. Existing clients

- Be the Brand Ambassador for Kumar Properties.

- Showcase your property to friends and family.

- Build a friendly Neighborhood

- Get gifts for referrals and become a Loyal Customer