Real Estate Forum on Buying Property In Indore

Latest Answer: Hey investing in the Empress project for your parents is a good idea, I think. The prices of these apartments are quite reasonable too. A 1300 square feet big 2bhk apartment will cost you around Rs 36 lacs, a 3bhk (1900 square feet) will cost you Rs 52 lacs, and a 4bhk apartment (2275 square feet) will cost you Rs 63 lacs. I think getting the 2bhk will be perfect for your parents, as too big a house means too much maintenance.

Latest Answer: Hey there are 3bhk villas as well, which are priced at Rs. 68 lakhs. Other than these, you could also check out the row houses. These are 3bhks and have a built-up area size of around 1900 square feet, and will cost you Rs 47 lakhs. The project has received approvals from, major banks like HDFC, ICICI, SBI and LIC Housing Finance Ltd. The possession date has been announced as end of next year i.e. December 2015, so you still have some time on hand. If you make the booking early, you might be able to make some negotiations on the price.

Latest Answer: Rangwasa is basically a small village in Indore, which is in the south of Indore. It is around 14 kms from the main heart of Indore city. One of the major landmarks near the village is the IIM Indore campus, which is only 3kms from the area. It is a developing area, but you can't currently live there because you have to go to Indore city to get any amenities. But, the area has many educational institutions and hospitals, so if you are buying a property here, not only will it appreciate in the future, but you can also give it for rent for the many students who study near the area. I think it is a very good investment decision if you are buying a property there.

Latest Answer: Hey I have some information regarding the price details of the apartments, you can check it out and see if its within your budget or not. All the apartments are priced at the constant Rs 4100 per square foot. The 2bhks have a saleable area of 1515 square feet and will cost you Rs. 62.11 lacs, the 3bhks have a saleable area of 2147 square feet and will cost you Rs. 88 lacs, the 3bhks have a saleable area of 2944 square feet and will cost you Rs. 1.2 crores. This project also has some interesting townhouses if you’ll be interested in that.

Latest Answer: Hi there. The Valencia Gardens Phase 1 is currently under construction. The date of possession has been announced to be as December 2015. The prices are still very affordable, compared to the general high rates of property in other residential areas of Indore, like Vijaynagar and Bengali Colony. The 2bhk apartments have two bedrooms with attached bathrooms, a living room, a dining room, a kitchen with an attached washroom, and a 5 feet wide balcony. The 3bhk apartment is pretty much the same, except with three bedrooms with attached bathrooms, and two balconies.

Latest Answer: Hey, I think it’s a good idea to buy a rowhouse for your parents. These rowhouses are almost like villas, only smaller and closer to each other. I think that is a good thing with your parents living all alone. A smaller house will be easier for them to maintain. I think a 2bhk will be better for them, they can have some extra room, for when guests come over. Being located in Mhow, this property has clubhouse facilities as well as a shopping mall, within the property premises. There is a bus stop within the project premises, where you can get buses for the rest of the city.

Latest Answer: I can give you some price details about the type of apartments that you are looking for in the Shalimar Swayam project. Then you can decide by yourself whether they fit into your budget or not. The 2bhk has a built-up are of 985 square feet. At a very reasonable rate of Rs2350 per square foot, their selling price is Rs 23 lacs. The 3bhk has a built-up area of 1265 square feet and will cost you Rs 30 lacs. You can search for more apartments from the Commonfloor website. just follow this link http://www.commonfloor.com/upcoming-projects-in-indore and enter your specifications.

Latest Answer: Hey, you should also check out the apartments in the Supercorridor area. There are some very good properties coming up in those areas, and all of them have affordable rates. The average square feet price of these apartments is Rs 1800. Check out the upcoming Siddhanta Niketan project in Luv Kush Square on the Supercorridor. The 1BHKs are priced at Rs 12.25 Lakhs, the 2BHKs at Rs 20.59 Lakhs, and the 3BHKs at Rs 25.64 Lakhs

Latest Answer: Yeah, the Super Corridor is one of the upcoming areas of Indore. There will soon be an influx of young professionals from different cities thronging to this place because of its growing IT infrastructure, especially around the Super Corridor. TCS and Infosys both have acquired over 100 acres of land in this area. Famous educational institutes like Symbiosis College and the Narsi Monji Institute of Management Studies are going to build their centres here. The price of real estate in this area is going to keep on increasing steadily. If you buy a property here then you will get good returns when and if you decide to sell it off in the future.

Latest Answer: Hey, the stamp duty is 7.5% of the market value of the property. The market value of the property is not the actual value at which it is being sold to you. The market value is calculated by following a set of guidelines, which are available with sub-registrar. You can find out the same by visiting the sub-registrar’s office under whose jurisdiction the property falls. The registration fee is to be paid at the same sub-registrar’s office when you are registering the final documents like sale deed. The amount is 0.8% of the market value of property. You can’t register your property papers without paying the stamp duty first.