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Real Estate Forum in India

Real Estate Property Discussion Forum and Guide to Real Estate Queries in India

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Q: Hey Guys, I heard South Delhi Municipal Corporation to strengthen demolition process to knock down unauthorized buildings. Kindly discuss about it.
Latest Answer: Hey Guys, According to me, this a firm initiatives taken by south delhi municipal corporation to demolish the illegal unauthorized buildings. On the other hand, the drive was confined to just 2 zones and there is no indication of any action in west as well as Najafgarh area. it is believed that, this initiative will roll out a few changes in south Delhi real estate market .

Q: Looking for a 3 BHK rent in Sobha Daffodils from Aug. No brokers please, would like to get intouch with owners directly.

Q: As per CRISIL, Loan Against Property are building up risk in the banking system.
Latest Answer: That is the main reason, non-banking financial players have been at the leader of the rush in Land Against Property market, riding on their strengths of innovation, ability to offer products based on customised cash-flow assessment, and faster reversal times.

Q: It is noticeable that Global funds take the lead in backing affordable housing developments, office parks and mixed-use projects in India
Latest Answer: Now, they are being very cautious in deployment because the real estate market is in a continuous change. Developers typically raise capital to either refinance existing obligations or for growth. Currently, most of the deals in the market are for refinancing because of slower sales pace.

Q: When is the project going to launch and the completion period?
Latest Answer: Hi Javed & Sadhana, Yes, the company's strategy is to take up projects in the city and Pune that have been stuck for several reasons. Chhabria plans to launch or re-launch these projects under the Radius brand, market and sell them and enter into a profit-sharing agreement with the existing developer through a joint venture.

Q: I have recent received possession letter with final payment notice. Final payment settlement does not include the "Penalty Fee on Supertech" as the possession of my apartment delayed 2 years. I tried to call customer care several times. I wrote back to them 5 times already. Still No Response.
This is the height of ignorance. Next time if they come to Hong Kong with the property show, I am going to give them some serious feedback for their poor management and extremely poor customer service.

Q: Last week, the government announced 3 flagship project - Smart Cities, Housing for All by 2022 and the Atal Mission for Rejuvenation and Urban Transformation that aim to change the face of urban India.
Latest Answer: Hi Dhiraj & Suresh, But we should not over look the urgent need to provide all citizens with access to basic necessities such as sanitation, water, power and means to earning a livelihood. Reforms in taxation and land acquisition remain central to the success of these schemes.

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