Real Estate Forum in India

Real Estate Property Discussion Forum and Guide to Real Estate Queries in India

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Q: I visited their other sites and spoke to the marketing people, owners and visited the site to see the construction quality. Pros and cons are as follows:

1. marketing people are nice, I was interacting with a lady by name puja and also talked to one more person by name nihar.

2. despite being a tier-3 builder, they provide wall mounted commodes unlike a lot of other tier-3 builders. but the door and window handles are dirt cheap quality aluminium that you can bend and destroy.

2. the commends from ownerukn in this thread are actually true... I also found that you are forced into agreements that the builder will maintain the property for 10 years. they are mimicking the model followed by some tier 1 builders like total environment but the difference with TE is the money is collected up-front for prop maint (and inflation of 7% is considered). with ukn, the charges are hiked every year by 10% every year and cost of DG fuel, water etc. is over and above it.

3. dec 2014 is the promised date for delivering phase 2 in esperanza, and the progress suggests that will not happen. It seems they charge all the money by promising what is on paper (e.g. flooring) but leave most work necessary to move in and the actual completion happens after an year.

4. during the recent sand crisis, they started using mud and husk mixture materials to make progress on construction in various projects like miraya near shell, the issues with that will come up only after three or four years.

i decided to go for other builder, there are too many risks with these people.

Q: Demand for retail real estate place in India continued steady in the quarter ended September on the back of a strong government.

Latest Answer: Major local retailers used online platforms to test smaller markets before investing in brick-and-mortar stores in such locations.

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Q: Guys I want to buy a home for my family of 4. Im especially interested in properties in Devaraj Mohalla, as that will be close to my work. I came across Damden Centrum, seems like a nice apartment project. What do you think guys? Is the area good enough for a family home? Also, you have any info on the prices, amenities, specifications etc?

Latest Answer: Yes I know the project that you're talking about. Its on Gokulam Main road in Devaraj Mohalla, isnt it? Yes the area is very residential. Good shools are around too, - Mystic School, St. Joseph, etc. If you have kids, then even better for you.

Q: Leading international property consultancy JLL India has closed a landmark joint development deal between Bangalore-based Puravankara Projects Limited, Pune-based Oxford Group and Mumbai-based EKTA World,Mundhwa, East Pune.

Latest Answer: Absolutely right Javed, JLL is India's key and largest professional services company specializing in real estate. With a large scale geographic impression across 11 cities such as Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh and Coimbatore. They have staff strength of over 7000, the firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services including research, analytics, consultancy, transactions, project and development services, integrated facility management, property and asset management, sustainability, industrial, capital markets, residential, hotels, health care, senior living, education and retail advisory. The firm was selected the Best Property Consultancy in India at the International Property Awards Asia Pacific 2014-15.

Q: Anybody here can give me information on the villas available in MMG Temple Bells project?

Latest Answer: Yeah I can. What kinda info are you looking for? These are 2 and 3 bhk villas at quite affordable prices I must add. The properties are aversge sized, not too big not too small. The 2bhk houses are around 950 sq. ft. and the 3bhk ones are 1500 sq ft in size.

Q: I heard that apartments are still available in the Jayashree Residences project in Hebbal? Im interested in buying a 2bhk apartment there. Can you give me some info on the price details, specifications, amenities, approvals, etc?

Latest Answer: Hi, the project that you mentioned - Jayashree residences, they have one type of unit - 2bhk apartments with a built-up area in the range 1100 and 1200 sq. ft.The apartment prices are slightly on the higher side, and thats mainly because this area doesnt have that many apartment projects yet, mostly just residential plots.

Q: Is it true that there will be a new improvised system of tax collection in Coimbatore pretty soon?

Latest Answer: Yes you've heard that right. Since the finance budget has a deficit of almost 21cr rupees, the corporation will be improving the tax collection system, also revising rent prices to make up for this huge deficit gap.

Q: It is expected that huge listing and rising demand from home buyers may result in falls in property prices by nearly 20% in the Mumbai metropolitan region over the next few months.
Latest Answer: You are right Puneet, Property prices had increased by nearly 20-30 % in the last five years. In FY14, nearly 1.29 lakh units were launched, while the inventory was around 246700 units. Locations like Chembur, Ghatkopar, Navi Mumbai and Andheri will be the future growth centres, mainly because of the infrastructure projects coming up in these localities.

Q: Recently, the government relieved FDI rules for the real estate sector which created zeal across the industry.
Latest Answer: You are right Sujan, South Mumbai properties hold high value and experts believe that investment in these areas will fuel supply in the luxury segments, which are too expensive to be afforded by the average person and just desirable for others.

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