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Real Estate Forum on Kochi

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Hello people. I would like to get some updates on the Oceanus Maple residential project in Edapally Kochi







Latest Answer: Oceanus Maple is a huge towering complex in Vattekunnam region of Edapally. It is very new. It opened to the public to move in only this June 2014.
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Q: Does anyone here know about a residential project called Gokuls Gokulam in Kochi? I am trying to get info.







Latest Answer: Hey this is the tall apartment building near Queen Mary's Convent right? Gokulam. It is by this new construction company called Gokulam Builders. It is in souht of Perumbavoor town
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Q: Hi,

I have booked an appartment in Purva Eternity in June 2010. The completion was guaranteed for December 2010 and it kept getting extended. I have been asking for parking allotment and about the late delivery clause since last 2 years.

Has anyone of you got the parking allotment confirmation from Puravankara ?

I made all the payments towards the appartment cost. I have not received any reply from them on the late delivery charges as well.

They are trying to force us to take handover, even though the aminities like Lift , water and electricity is not available.

i have received a statuatory charge estimate of 3.68 L , which includes advance maintenance charge , which is being asked for an appartment, which is not even ready for possesion.

Tottaly dissatisfied with the way Purva Management is handling the problem. Looks like the staff of Purva also seems to be annoyed , by seeing the no of times the CRM Executive is changing within months.

Vivek Nair
Latest Answer: Hello all, am planning to buy 3bhk at purva eternity, could you please advise on quality and share existing issues? Am kind of confused after reading above thread..please advise
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Q: Hi..my family lives in Kochi..want to buy a 3 bhk apartment for them. Is it right time to invest there.
Latest Answer: Hi Mr. Nair..You can click Apartments in Kochi to see all projects.
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Q: How many property tax defaulters have been caught in Kochi and how much property tax has to be paid?
Latest Answer: Nearly 159 tax defaulters were caught in Kochi and around Rs. 5 crores has to be recovered. Many are avoiding property tax payment in the city. So, Revenue Officer of corporation had conducted a meeting to discuss tax evasion details.
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Q: I want to buy a flat but I am under dilemma now. Is buying a flat in a new project where possession is after 1-2 years better than buying an old flat where possession is immediate?
Latest Answer: Buying resale flats or old flats whose possession is immediate are always safe considering miscellaneous expenses, delay in possession, non levy of taxes like service tax, VAT etc. At once a person has to manage a large amount of capital but it gives more returns in long run.
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Q: I am planning to take home loans for buying a property. Am I liable to get any tax benefits on the home loan?
Latest Answer: Hi David..The tax benefits are seperately available for the interest component as well as principal component of the housing loans consumers. It is available for both consumers who have taken a loan to either buy or build a house. According to Income Tax Act, the upper limit of the interest payment deduction is at Rs. 1, 50,000 per annum. The amount should have been borrowed on or after April 1, 1999 to acquire or construct a residential property and it the acquisition or construction should be done within 3 years. The section 80C also allows tax benefits on principal repayments.
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Q: Agricultural land near to Kochi
Latest Answer: No tax implications as such on buying an agricultural land. In buying such a land, please go through the revenue records kept in the office of the concerned Tehsildar/patwari so that there is no legal aspect charged against you.
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Q: Moon reach owners, I am deeply concerned with Puravankara's approch towards the inordinate delays.

Now they have confirmed possession on March 2012. Almost 2 Years of delay.

Appreciate if we all can communicate. Kindly contact me on vjose2003 at gmail.com.

Note:- I have already registerd for joing the Goup, how ever it is not confirmed yet. Wondering why.

Reagrds

Varghese Jose

Latest Answer: Dear Sir
Forwarded your query to concern person.....The concerned person will soon contact you
Thank you
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