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Q: I am buying a newly constructed flat in Naigaon East in Mumbai.
To calculate the cost of the balcony area, the builder has given me a formulae which is as below:
Cost of area = Area x 1.6 x 50% x Per sq.ft rate
Can anyone please help me with this 1.6?
I really can't understand this calculation.
Thanks,
Vinod
Latest Answer: Thanks for the explanations Sir.
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Q: Can somebody tell us the updates about Hemani Neona. Has the project taken off??
Latest Answer: Dear Shantanu, Generally builders extort money and never fulfills the promises and do not give timely deliveries. You are therefore advised to please take a undertaking from them and the get that agreement registered so that appropriate legal action may be initiated against the builder in appropriate forum of law
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Q: I am planning to invest in a Duplex apartment on Kengeri Road just adjacent to the NICE road. The project is due for completion by Mar 2014. As I want to rent this property I wanted to know if we can get a good rental in that area in next 2 years.. also how is the future prospect of that area for development? As we do not see lot of companies or industries coming up in and around the Mysore road or Kengeri, is it advisable to invest in a duplex apartment or Row house which can earn a decent rent, in case I am unable to occupy the same for my own use.
Latest Answer: I have heard that a drain is running just behind this project? Is this true?
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Q: What are upcoming areas for investment in Hyderabad?
Latest Answer: The real estate sector is booming in Hyderabad and the rates are mounting as well. Therefore its difficult to say which area to look for as it depends on which area you are currently residing in. Due to booming IT industry in Madhapur, Hitec City, Kondapur area is advisable for investment. Other areas for better investment would be Jubilee Hills, Banjara Hills, Gachibowli, Kukatpally, Begumpet and Himayath Nagar as these are the posh areas in Hyderabad and real estate business is blosomming in these areas.
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