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Real Estate Forum in India

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

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Q: All developers doing big projects in the suburbs are stuck because of poor sales and they are looking at alternatives to sustain the business.

Latest Answer: Hi Javed, As apartments sales in the middle and high income segments are showing no signs of improvement, many builders are seriously stopping big project & looking for plots to start budget homes. Budget homes is something which will be suitable for lower income & middle income group people.

Q: Anyone having idea about possession of sikka karmic sec 78 project

Q: I bought a apartment here, but skeptical about future progress. Builder says Japanes township is starting, OMR bypass is coming and many goddies are hapenning in near future... I am not sure..looking for expert openions..

Q: When I booked the apartment, they promised a July, 2014 delivery. When I registered it, they said December, 2014. Now I see that construction in the Annexe block has completely stopped, and the sales team say July, 2015 whenever I ask them!
Latest Answer: Hi , As per my knowledge, Neel Kamal Annexe is one of the popular residential project is OMR road, Chennai. This project is located near to SIPCOT IT Park, which is one of the most famous IT Hub in Chennai. This area is a prime residential location with decent environment. This project project offers 2 BHK & 3 BHK apartment , area ranging from 1060sq-ft to 1374 sq-ft. Builder quoted price is around 4300/sq-ft.

Latest Answer: You can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile.

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.
Latest Answer: Hi Amit, You have done a very good research and thanks for sharing the pros and cons here. This is really going to help the home buyers who are thinking or planning to buy an apartment in this project.

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: The apartments in the Damden Centrum project are all 2 or 3bhk units, just like you want. The 2bhk flats are all in the 1200 - 1260 square feet range, so big enough for a family of 4, in my opinion. Construction is over and the property has been ready to be occupied since this Oct

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