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Real Estate Forum on Planning

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Latest Answer: Last week, I was in BRC project and the construction is in progress for E Block and few other, They are quoiting 3200 and after discussions and negotiation they were ready to for 2800, However because of the connectivity and road status, I have not taken next step.
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Q: Given my limited budget, I've earmarked a property for investment purposes, but today the approach road is bad. It is untarred, and just 20 feet wide, for the last 500meters, which passes through a village. Developer showed me CDP as per which to roads would be widened and another district highway would come up very close by. How much can such things be trusted ? Can one hope that in 7-8years (my investment horizon), the roads would indeed get widened ?
Latest Answer: Hello Jayanth, You never now how much will it take for road widening. It may take 10-15 years also and it is also political. I feel it is always better to go for property which have clear documents and does have such kind of problems.
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Q: IVRCL Infra has planned to sell some of its land. What is the reason? Which are the lands they are going to sell?
Latest Answer: The reason why IVRCL Infra is selling out their lands is to reduce the debt and to have better finance option in future. The IVRCL Infra only informed that they are going to sell some to the lands in Bangalore, Chennai, Pune, Visakhapatnam and Hyderabad.
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Q: Where are they planning to invest in India? What is the reason behind it?
Latest Answer: Mainly the NRI's is planning to invest in Mumbai and Delhi as those two cities are the most promising markets as far as return of investment and net profitability. Moreover the rupees has depreciated against the U.S dollars which made Indian homes cheaper in dollar price.
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