Q:Hi, My society is undergoing redevlopment and the property is currently in the name of my parents which are aged 58 & 51 respectively. I am planning to purchase 200 sq ft extra area costing around 45lacs for which we will have to take a loan of 35 lacs. Can i take a home loan without getting the property transferred in my name and claim the tax deductions. Will the bank sanction loan for my parents at this age. any other process can be followed to buy the extra area. Thanks Piyush
Latest Answer: Thanks Ashsish & Deepankar for replying.
Will i or my parents incur any tax liability(Gift Tax/LTCG) apart from stamping & registration cost for gift deed.
Also instead of transferring the property now in my name can my name be added while making redevelopment agreement with builder (as the builder will make an agreement with us for free area and extra area to be purchased).
Q:am from nashik. I want to invest in land. One of the builder in our locality advised me that it is best to invest in shirdi at this point of time. is there a growth in shirdi? Will i get a better returns? What would be the best rate that I should purchase a 1000 sq ft land in shirdi?
Latest Answer: Hi Sanket, Shirdi is a town which come under the jurisdiction of municipal council popularly known as Shirdi Nagar Panchayat, located in Rahata Taluka in Ahmednagar District in the Indian state of Maharashtra.I think it is one of the great ideas to invest in Shirdi.
Latest Answer: Do you know that Mumbai has its two dumping sites, Asia's biggest and arguably oldest that opened in 1927. It spread over 326 acres in eastern Mumbai and takes half of the city's daily refuse. While a smaller landfill in Mulund occupies about 62 acres while a 353-acre one is further north in Kanjurmarg.
Q:how frequently can a sinking fund be collected? Is there a limit(0.25% of construction cost) per annum? We have a association that tends to collect less maintenance charge but pops up with requests for sinking fund often. This is a result of builder not completing promised tasks and quality of construction is poor. We cannot sue the builder as the association is unable to tackle and doing improvements from the sinking fund.
Latest Answer: tx Harmeet.Is there any upper limit on this amount? How early should they inform the owners? We were given 6 months time. Society was formed about a year back. Formal AGM is yet to happen. It was decided during the monthly meetings and no paper work/voting was done. Only emails circulated. Is it legal AGM?
Q:I registered my apartment in Jun 2012 in Bangalore, off Bannerghatta Road. When I went to pay property tax, BBMP official told that I have to pay from 2008 since property tax has not been paid from 2008 by builder. How could the property be registered without tax paid receipt? With fine it comes to 80K now. builder has handed over flats from 2008 to 2012. Mine was the last in Jun 2012. I have the possession certifcate dated Jun2012. Came to know that BBMP will have difficulty in allotting a PID #. Please advice..
Q:New Modern Buildtech is a premium builder of great repute which has developed a lot in Northern part of the nation. It is a major name in residential development which has an ongoing development in Allahabad by the name Navyug Smart Mini City, a major township by the developer. Now this developer has come up with a niche concept in residential development and plans to place it in Lucknow.
Q:Shree Moraya Park is a lavish project by Shree Buildcon & Associates at Kharjul Nagar, proving it best residential properties in Nashik. Shree Moraya Park offers an elegant, ultra modern residential 1 BHK Flats in Kharjul Nagar, 2 BHK flats in Kharjul Nagar & 2.5 BHK apartments in Kharjul Nagar ranging from 635 to 1040 Square Feet sizes with all the luxurious amenities. Amenities: Children's Play Area Joggers Park Senior Citizen Plaza Very Large Landscape GardensNashik Properties are one of the most in-demand locations for Real Estate Investments in India. Nashik is the one amongst the proud vertices of the Golden Triangle shaped in conjunction with Mumbai and Pune.
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