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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: Wanted to know if the NOC from CIDCO is required for transfer of housing society membership for re-sale flat. The flat is in a building constructed on plot based on tri-party agreement. The price of flat has been fully paid up to the seller, without any loan, and agreement duly registered.

To give a brief history. after the OC from CIDCO, and after Housing society was formed, just when builder in process of providing conveyance, which he eventually did, one fine day a letter from a lawyer was given at the gate. It mentioned that the set of heir's of original plot owner had put up a court case against Builder, CIDCO and another set of hier's. Former set of heir's were claiming that latter set had shared the compensation with them. We, the members of housing society, consulted a lawyer, who told use this is not unusual in this region, we should not worry, as the case has not been filed against us, unless there is direct notice to us.
But now after few 3-4 years, when resale of flat went ahead, now the present Housing society committee are denying to transfer membership to the new owners, after CIDCO has not provide NOC.

So is NOC CIDCO required for resale of flat not built by CIDCO, and when there is no home loan involved ?. And a housing society deny transfer of membership to the new owner with CIDCO NOC ?

Latest Answer: Hi, Co-operative housing society can not refuse to give NOC. But if it refuses, the applicant has the right to proceed against the Society in a appeal. For such matters, it is better to engage a legal experts rather than doing with a shallow.

Q: What is the BDA site value in Bangalore ? Say somewhere in south Bangalore
Latest Answer: According to the recent news, the sites measuring 20x30 square feet will be priced at 25 % of their present guidance value while 30x40 feet sites will cost 40 % of their guidance value. The prices for sites measuring 40x60 feet and 50x80 feet have been revised to 70% and 90% of their guidance values, respectively. In short, a 23x30 sqft plot will cost you around Rs 2. 96 lakhs where as a 50x80 sqft plot will cost you around Rs 72 lakhs.

Q: Navi Mumbai new business district master plan will be ready in next 6-months.
Latest Answer: Hi folks, Cidco is working towards developing the whole commercial zone in the line with Mumbai's secondary business district Bandra-Kurla Complex. CIDCO will take auction route to allot land parcels for development.

Q: CIDCO will open financial bids for pre-development work of the proposed Navi Mumbai International Airport in the next 15 days.
Latest Answer: Yes, and CIDCO is just waiting for go ahead from the project monitoring and implementation committee an agency formed by the civil aviation minister for faster implementation of projects and the state govt.cabinet.

Q: What types of villas the project is offering? How much will be the price of a villas and also I want to know what is the booking amount?
Latest Answer: This is our first buy :) :) It will be great if you can also share some feedback about the builder.

Q: The premium for public parking lots developed by private developers has been increased from 40% to 60% based on the ready reckoner rate of the locality.
Latest Answer: Hi everybody, Yes, the notification states that for all PPLs for which letter of intent has been issued, builders will pay premium at the rate of 50% of what they would have been required to pay as per the amended provision.

Q: Can anyone share the price details and the current status of the project?
Latest Answer: This is in reference of Flat NO 102 of DPWHO PROJECT NO-25 D being Constructed at Dwarka Sector-23B Pocket-:7 POCHANPUR, NEW DELHI. This was booked on 6th September2014 and was to be handed over within 18 months. But Construction never started for this project and after approaching DPW multiple times DPW dodged and were giving fake promises. Due to frustration finally I cancelled project on 26 Feb 2016 because of Their fake promises and Project never started. I am still waiting for payment along with interest which they were supposed to pay on 10th of this month as promised and mentioned in letter. I want DPW response for the same otherwise I have to go for Legal Action against Them as I have given them enough chances and have been waiting for long.

Q: Godrej Avenues is a project by Godrej Properties. The possession will be in 2019. is it a good investment?
Latest Answer: •Access to Healthcare through Columbia Asia Hospital, Baptist Hospital, Aster CMI Hospital, Nava Chethana Hospital, Apple Hospital, RWF Hospital, Sri Lakshmi Venkateshwara Hospital, Malavya Hospital, Deeksha Hospital amongst many others In case you have any further queries, please visit us at our marketing office in Ramanashree California Resort between 10 am to 6 pm, 7 days a week and we would be happy to assist you in your home buying process. Alternatively, you can write to us at webmaster@godrejproperties.com or call us on our Toll Free Number 18002582588. Thanks, Team Godrej Properties

Q: As we all know that a tax deduction of Rs 2 lakh per year is allowed against payment of interest on home loans, if the house is acquired within 3 yrs of taking the loan.

Latest Answer: Yes, it is just making the buyers ineligible for the tax-deduction. It is a fact they would have known at the time of taking home loan. It is better to buy your own home than rent a property for yourself.

Q: How much do I have to pay to book an apartment here and when will I get the possession?
Latest Answer: Hi i invested in buddha circuit studio phase 2 in 2013 and already give 10 lac , since last 3 years there is no movement , even not started , invester clinic people made me fool , i am sure many others also invetsed there ? what we should do now ? do we have any group to make legal case against jaypee for same or what should i do ? when i make call to them after 3 years , some one told that they can also refund money with in 6 months . does any one has already received money with intererst from them ? please contact meon kukreti.13579@gmail.com or +65-84553124

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