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Real Estate Forum in India

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Q: When will Apollo DB City be ready for possession?
Latest Answer: The apartments are in a good location and residents will have access to very good amenities. The materials used in the apartments are of the best quality. Your apartment will have designer doors, modular switches, ceramic and vitrified tiles, and emulsion paint for walls and ceilings. The apartments are also earthquake proof. Apollo DB City is around 8 kilometres from the railway station and 15 kilometres from the airport. Most of the apartments have been sold out, but a few flats are still available. You can buy the 1BHK studio apartment for around 18 lakhs, 2BHK for around 30 lakhs, and the 3BHK is available from 60 to 80lakhs

Q: I’m interested in a property on A. B. Road. But I think the price is slightly high for a 2BHK. Can anyone tell me the standard prices of 2BHKs in and around A. B. Road?
Latest Answer: The average rates of the apartments in A.B. Road lie between Rs 2200 and Rs 2500 per square foot. You can look up the properties listed on A.B. Road from the Commonfloor website. Just follow the link, http://www.commonfloor.com/ab-road-indore/lvp-7paxkk and check out the different properties that are available for sale. A 2BHK in A.B. Road should not cost you more than Rs 27 Lakhs. You can always bargain with your developer or the seller to lower the square foot price for the apartment.

Q: Will a property in Vijay Nagar be a good investment?
Latest Answer: Apart from that, Vijay Nagar falls on MR 10, which will no doubt increase the value of the real estate market in the locality. It is also close to tha AB ROad and the eastern ring road, offering good connectivity and fast access to the other parts of the city.

Q: I am planning to move to Bengali Square in Indore. Is it a safe place for a young family?
Latest Answer: Hey nowadays police from palasia are combing this area at night to ensure the security of the residents in bengali square, so i dont think there will be any issue regarding security now and things will be under control.

Q: I’m planning to move to Indore soon. I’ve heard that the water supply conditions are not so good here. Will the Narmada Phase III project help in improving the water supply in Indore?
Latest Answer: Hey, the water problem is not that severe in Indore now as it was a few years back. The Narmada Phase III project has increased the water supply to some degree, if not all the way, and its only getting better. I don’t think you would face much water crisis problems as the IMC has recently started an extra 90mlds of water in addition to the previous 210mlds. So now the citizens of Indore will receive a total of 300 million litres of water every day from the Narmada projects. Further 25 mlds of water will be provided from the dams at Yeshwent Sagar and Bilawali

Also see discussions for
Q: Can I buy property in the Omaxe City Township?
Latest Answer: You will find plenty of good properties in the Super Corridor to invest in. There is the Nariman City project, which has flats, row houses and plots available for sale. There is also the Utsav Aangan project, which is not exactly located in the Super Corridor but is close by. The Super Corridor in Indore is not only the IT hub of the city but also a commercial hotspot. It is a fast developing area in Indore, and is going to explode on the real estate market in a few years. So if you want to invest in property in this area, I would suggest you do so soon, before the prices rise up further

Q: How is the water supply situation in Bengali Colony?
Latest Answer: Hey, despite construction of all the overhead tanks, there is a severe scarcity of water even in Bengali Colony. These tanks are empty or only half-full most of the times. Despite drastically increasing the monthly water tax from Rs 30 to Rs 220, the IMC has failed to live up to their claims of 24 hours water supply, for all 7 days of the week. Constructions are going on now to improve the water condition in areas like Bengali Colony. I hope that an improvement in the water condition in such areas will be effective soon

Q: How can I pay property tax in Indore?
Latest Answer: I think online payment is the best way to pay for your property tax. The other option is standing in queues in a zonal office, filling forms, and then paying against the challan. I think it is too much hassle. Instead, you can just sit in the comfort of your home or a cyber café and make the payment from the IMC website http://www.imcindore.org/. You can pay your water tax also from this website.

Q: What is the service tax that I have to pay for buying a flat in Indore? Is there VAT charges also?
Latest Answer: Yes, if you’re buying a flat in Indore you don’t have to pay the service tax anymore. The VAT is only applicable for transaction of under-construction property. If the builder has given the construction contract to some other building company, then VAT will come up on the construction costs. The entry of any construction related material into Madhya Pradesh will be chargeable for VAT under the Madhya Pradesh VAT Act.

Q: Any idea about the quality of the building..? Have they completed all the amenities ?
Latest Answer: Hello, you can follow this link for your requirements Akash Ganga, Chennai OR Kindly call on the toll free number (1800) (180) (180) (180) Or You can Post your Requirements to get matching properties details on your Email and Mobile.

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