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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: Dear One

I am purchasing a ready to move flat in Bangalore worth Rs.3500000/-(Near Kempapura, Hebbal) kindly help me in understanding to know at what rate and on what amount the VAT and service taxes are charged.

Also, i learnt that, if the construction is completed, there is no need of paying any VAT and service tax by the buyers. Am i correct, if not please correct me and assist me with providing detailed information about VAT and service Tax on purchasing a flat in bangalore
Latest Answer: When you buy a house, you pay for two components: 1) Value of land 2) Construction offered by the developer (service provider) Service tax is payable only in case of construction services and not on the value of land. In cases where it becomes difficult to ascertain cost of immovable property and service cost separately, government has come up with the provision of abatement scheme where an amount is levied on the total amount.

Q: Hi. Any idea about the completion date of the project?
Not getting any concrete information from the builder.
Latest Answer: Hi, If I am not wrong the project was suppose to get completed by 2014... What is the reason for the delay? I feel all the buyers should form a group and talk with the builder about the completion date

Q: Will Govt. taken next step in Regularizing illegal housing in Goa? Discuss as this is very important to know Govt policy in terms of real estate market?
Latest Answer: Hi all, as we know that Goa is becoming second destination for investment by most of investor, so it is necessary to make good policy and regulatory body in real estate market. I think central government have to strengthen regulatory body in construction and real estate market. In this thought the government will plan out modalities to regularise these dwellings after going through various details, including ownership of the land.

Q: Want to buy plot in Yapral. Can anyone suggest as to why the plot rates in this zone of Hyderabad city so low(12000/-sq yard). Is it a good choice to purchase plot for residential purpose?

Latest Answer: Thanks Abdul for the info. Is there any future development scope as today read about CM KCR plan for building secretariat in the nearby location.

Q: When is the possession of this project? What about the nearby locality of this project?
Latest Answer: Hi Sai Kumar, This project has spread more than 150 acres of land.GNIDA has sanction the project. Tata finance Ltd is giving loan to this project. The project is very much outfitted with all the advanced pleasantries and fundamental offices. Worldwide standard township with coordinated private, brandishing and recreational territories, the whole township is in light of scene idea to issue it a resort sort look. It is one of the few golf centric townships grew on Yamuna Expressway. The project comprises of Signature 9 Hole Golf Course composed by widely acclaimed Architect, Andy Johnson of USA.

Q: Is it advisable to buy a property in Bangalore in next six months?
Latest Answer: I think the real estate is losing its title as the most-preferred asset among Indians. I could hardly see people investing in real estate. What could be the reason?

Q: It looks like housing for all by 2022 will remain a dream. Share your views
Latest Answer: If you are thinking about housing at affordable prices then visit Puravankara. Puravankara, one of the best infrastructure at affordable prices, this guys are making housing at affordable cost, yes they are

Q: How much is the current rate per sqft going on? When is the project expected to get completed?
Latest Answer: This Cauvery water connection is a big headache these days. Want to if this project is going to provide the connection. How many flats will be there in each floor and how much work is finished?

Q: Experts believe that to overcome from current market ease off, the NCR builder & developers ought to see more affordable housing projects and better financing modalities.
Latest Answer: Hi Mr James, As per my insight, the National Capital Region includes Delhi, New Delhi, urban communities encompassing them in Haryana, Uttar Pradesh and Rajasthan. Its compass incorporates the Haryana Sub-Region with Faridabad and Gurgaon, which are the two most unmistakable regions here, with a ton of guarantee. At that point there is the UP sub-district that incorporates Ghaziabad, the Rajasthan sub-area and now UP needs Aligarh, Mathura and Agra to be incorporated in the NCR locale. The National Capital Region is the nation's biggest residential property market.

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