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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: Please send quote
Latest Answer: Hi everybody, I want to invest in an apartment in Ahmedabad, which area should I choose from the western parts of the city? As Ahmedabad-Gandhinagar Metro rail is going to plan, what will be the effect on city’s real estate market?
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Latest Answer: Hi Ashish, Currently, there is not a single units available for sale in Shyama Heights, Beheramal, Jharsuguda in Orrisa. You can post your requirement here to get best matching property. Kindly call on the toll free number (1800) (180) (180) (180) Or You can Post your Requirements to get matching properties details on your Email and Mobile.
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Q: Hi,
I work in hinjewadi, please suggest me if Ravet is the right destination to book a flat? My only apprehension is safety and security during odd times, especially looking at the recent incidents on the highway or in the nearby areas of theft and loot on the main road itself.
Latest Answer: Ravet has the prospect of developing into a prominent residential area for affordable housing. The demand for affordable residential accommodation in the area has been surging in recent times due to which developers are embarking on many such projects. Considering that the area offers excellent connectivity, traveling to the city as well as to other areas across the city is a breeze. However, the development of infrastructure in the area will give it a much needed face-lift in terms of livability.
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Q: We intend to register our apartment association under THE KARNATAKA APARTMENT OWNERSHIP ACT, 1972.

As far as sharing of common expenses are concerned, the proposal is to have a hybrid model, where day-day maintenance expenses which do not depend on the unit size (eg electricity bills, lift maintenance, landscaping etc) are to be divided on a per flat basis, while expenses which has relavance to the flat size (eg painting, structural repairs etc) are to be on a per sq.ft basis. We have incorporated the basis by a clear table in our by-laws.

However, clause 10 of KAOA 1972, states that The common profits of the property shall be distributed among and the common expenses shall be charged to, the apartment owners according to the percentage of the undivided interest in the common areas and facilities.

Now, my question is : Are our by-laws valid? is it in violation of law?

How will our by-law affect the way we share profits when there is any redevelopment?

regards,
Latest Answer: Hello Ganesh, there is a well researched article written on it, You can read the article by clicking on the given link:The Karnataka Apartment Ownership Act, 1972
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Q: What sort of locality is Kukatpally? Is it clean and safe with minimum number of civic issues? And is the hitech flyover still creating traffic problems?
Latest Answer: I actually wouldn't choose to live in Kukatpally. Only because I prefer a more quiet environment. There are just soo many people there! The streets are always crowded. But that's also a good thing if you're looking at safety. Even at 3 and 4 in the morning you'll find a number of cars on the road all heading to different destinations. The place definitely has some charm about it that attracts so many people to live there. And I've got to admit, infrastructure is also very good. I'm proud that Hyderabad has so many well developed localities like Gachibowli, Hitech city, Miyapur and Kukatpally. But there are other residential localities in Hyd that I think make for a better investment like Shadnagar and Kondapur. But then again, most of these places now all have the same level of development so..that's that.
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Q: as fast as possible
Latest Answer: Hi, As i heard that the project is ready to move, if i buy a 3BHK units then how much i have to pay as a booking amount? Can i get a home loan? Which all banks have approved this project? What is the current price they are quoting?
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Q: I read online that there's been a sudden rise in property prices in Madhapur, Hyderabad. What developmental changes brought this on?
Latest Answer: Hey, Madhapur is definitely not perfect. It still faces civic issues like water shortage and inefficient electricty supply. But the civic authorities are constantly working to fix these problems, they just don't seem to be doing a very good job. Now the place is really doing well and a number of people in the city have relocated here. It is because of this that now there have been problems with infrastructural facilities as demand doesnn't always meet supply. Public transportation is quite well done here with road connectivity to all parts of the city. The APSRTC buses in specific are very good and convenient to use. And I thought that not many people were looking to buy property here because it is more of an IT hub? More bachelors are taking flats and residential homes and gated communities aren't preferred. But in either case, it is still a good location but with lots of room for improvement
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Q: I recently read somewhere that the real estate of Miyapur in Hyderabad is booming and this is the right time to buy property there. Is this true? How well is the area developed?
Latest Answer: I personally really like Miyapur. The place has a much younger population than other developed areas rich in IT companies like Gachibowli and Hi tech city. There's a lot of social infrastructure that this locality can boast of such as good schools, metro rail and a fire station. The place naturally has really high property rates but long term potential looks awesome. i think the only complaint people who were living here had was the traffic congestion caused because of the metro construction. But road connectivity is excellent. There are plans to open Elexir city which is a 200 acre medicial city that will attract medical tourists. The presence of natural lakes in the locality however, attracts all kinds of tourists! Very good place to invest as you will get your money's worth in no time.
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Q: I have been trying to buy a 5 bhk apartment in Indore but it seems that most of the complexes only have upto 4bhks. Only yesterday, i came across an ad of IBD Belmont Park online. They currently have 5 bhk, so just wanted to get a feedback on how the place is, what are the facilities provided, what are the rates and when will it be ready for possession?
Latest Answer: A 5bhk for 80 lacks is a really good deal. Ask anyone. Plus, there are many facilities offered here that you do not find in other complexes like a tennis court and library. The area is good and well-maintained with many hospitals, schools and shopping complexes close by. I would say investing now would be ideal as you will surely get an appreciated value in the future, especially for a 5bhk. From all the 5bhk options (and there aren't many in Indore) this seems the most lucrative.Also, posession is available from August 2014. Hope you find what you are looking for.
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Q: Hey, guys I am currently staying in a rented 3 bhk apartment in Pardeshipura. When, we moved in to the house, everything was going smoothly. But recently, my family has been facing a lot of problems in the apartment complex. When we shifted in, we were promised full power back up, a clubhouse and basically a luxrious and healthy environment. None of this was given, The swimming pool is not maintained at all. The garbage dumping area is unkept. The full power back works only at times. But the main problem, is the termite infestation. As I cant stay here for too long, I am look for a nice and clean place to buy an apartment in the near future. If anyone can help me in finding a residential complex that deals with these issues, it would be really helpful.
Latest Answer: I am looking to purchase an apartment in Ras town. But some of the above comments area tad frightening. However, I met with builders and checked out the locality. You might be having a lot of problems in your complex because of the area you are living in. Ras town is located in ab road and that is one of the best and cleanest places to be in Indore. There are many families that would agree to that. Even the municipality are taking an extra step to ensure the surroundings are kept clean with proper garbage disposal facilities. I would suggest Ras town for the amenities they are providing, but there are many other options in ab road to choose from.
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