IOD and documents

Q: What is IOD. What documnets do you have that can be checked. I am interested in the project. give me more details.

Shweta Jaiswal,

28th June 2013

Investment Advice in Mumbai

real estate in mumbai

iod

properties for sale in mira road

buying properties in mira road

flats for sale in mira road

apartments for sale in mira road

jaycee bhagtani riyo ph-1

jaycee bhagtani riyo ph-2

jaycee homes limited

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Replies (9)

Hi,
How much i have to pay total property tax buying new flat in Mira Road ? Is there any TDS deduction if the property value is less then 50 lakh ? Is there any tax examption for NRI ?

Shreya Agarwal, Mumbai

16th April 2015

Comment

Hi Shreya,
You have to pay 6% Stamp Duty & Registration + Brokerage extra. Remember, no VAT & Service Tax for Ready-To-Move in flat. Secondly, If you property value is less than 50 lakh the no TDS as well. Third and the last no tax exemption for NRI.

Miraniyatin, Mumbai

16th April 2015

Hi,
I have identified a property in Mira Road. 600 sq-ft. 1BHK 38 lakhs. Is it worth it? If not what is the acceptable range/sq-ft for a residential property in Mira road (for apartments only)? Please help. Thank you.

Lalit Verma, Mumbai

27th February 2015

Comment

A 1BHK apartment along the Mira Road is priced between Rs 24 lakh to Rs 60 lakh with area varying from 350 to 700 sq-ft. The average capital values in the locality vary from Rs 6650 to 8000/sq-ft.

Biswanath Mukherjee, Kolkata

28th February 2015

Hi Lalit,
Are you looking for investment in Mira Road? What is your budget and flat sizes? How long you can hold the property for better return?

Sankalp, Mumbai

15th April 2015

Hey, you can also choose any of them as they are ongoing projects by some of the best developers of Mumbai. These are Jaycee Bhagtani Rio Ph-1, PNK Imperial Heights, Vasudev Sky High, Man Opus, Nirmal Sports City, Kalpataru Srishti, Delta Garden Phase-I, Ravi Gaurav Excellency, Ravi Gaurav Eden etc. with best of the amenities.

Ketalpujara, Mumbai

15th April 2015

Currently the project is in under construction and expected to be completed by December'2017.

As far as locality is concerned, Mira Road is a township located in North of Mumbai and is a part of Mumbai Metropolitan Region. It is governed by Mira-Bhayandar Municipal Corporation (MBMC). The locality offers easy connectivity to Mumbai, Thane and Navi Mumbai. In addition to these localities it offers smooth connectivity to business hubs such as Bandra Kurla Complex and Lower Parel via Western Express Highway.

Deepankar Godbole, Mumbai

10th February 2015

Comment

Hi everybody,
Has anybody booked in Bhagtani Riyo-II? Is the property good for investing in the current times? I have heard that in Mira Road the property market has started booming in the past few years. So, is this area better in comparison to that of Navi Mumbai?

Deepankar Godbole, Mumbai

10th February 2015

Comment

Hi Deepankar,
Mira Road is a township located in North of Mumbai and is a part of Mumbai Metropolitan Region. It is regulated by Mira-Bhayandar Municipal Corporation. The locality delivers easy connectivity to Mumbai, Thane and Navi Mumbai. Along with these localities it offers easy connectivity to business locations such as Bandra Kurla Complex and Lower Parel via Western Express Highway. It offers excellent connectivity via highways, sea links and suburban railway.

Arup rajan, Mumbai

17th April 2015

As far as real estate trend of Mira Road is concerned, the average property price in Mira Road is Rs. 7000/sq-ft., maximum property price is Rs. 7500/sq-ft. and minimum property price is Rs 6800/sq-ft. Mira Road is seeing a high demand due to excellent social infrastructure and good connectivity to different parts of Mumbai through highways, sea links and the suburban railway.

Dev Patel, Mumbai

17th April 2015

Hi,
Jaycee Bhagtani Riyo Phase-I by Jaycee Homes Limited located at Mira Road, Mumbai offers 1/2 BHK residential apartments. 1BHK from 600-625 sq-ft. and 2BHK from 875 sq-ft. and it's current price is Rs. 6000/sq-ft. A 1BHK will cost to you Rs. 36 lacs to Rs. 37.50 lacs and Rs. 52.50 lacs. onward.

Sankalp, Mumbai

10th February 2015

Comment

IOD (meaning Intimation of Disapproval) is an essential permission given to the developer by the municipal authorities to re-develop an old building. The developer however cannot demolish the old building just on the basis of IOD alone.

After redevelopment plans are submitted to the Building Proposal Department of MBMC, an IOD is issued, and under the terms and conditions of the IOD, the developer is asked to comply with many requirements and obtain various clearances like clearance from Environment Authorities, Tree Authorities, Fire Officer etc. After these clearances are obtained, the developer is entitled to obtain a Commencement Certificate (CC).

The demolition can commence legally only after obtaining CC.

Noorkhan, Apartment Resident

28th December 2014

Comment

Hello, you can follow this link for your requirements Documents required for a secure real estate transaction by clicking here.

Sankalp, Mumbai

27th August 2013

Comment

Hello, you can follow this link for your linkDocuments you need while purchasing a propertyby clicking here.

Suresh Khanna, Mumbai

27th August 2013

Comment

Before you purchase a flat, you have to have a title and document search conducted by a competent advocate. You cannot do it yourself. You have to use the services of a competent advocate. It is a professional job to be done with professional assistance

Ravindra Singh,

9th July 2013

Comment

If you want to purchase a property, you have to look at the approved layout plan, approved building plan, ownership documents, carryout search, etc. Contact an advocate before you purchase a property so that he can advise you.Before you purchase a flat, you have to have a title and document search conducted by a competent advocate.

Jerome Fernandez, Mumbai

9th July 2013