Q:
Hai I am Surya! I stay in Patna and I have been noticing the rapid raise in high-rise buildings in the city and the materials used for constructing these are also not good! Will there be any action taken against these illegal constructions?
Latest Answer: The Patna Municipal Corporation commissioner has asked the inquiry committee to look into matter, the team has been asked to submit a report within a month. If the report strengthen the concerns of the inquiry team then they will go ahead to demolish the buildings.
Q:
When is HUDA going to start up with the repair work of the roads of Gurgaon? How much time they required for the repairment?
Latest Answer: HUDA is soon going to start the road repair work. The contractors were given an ultimatum of around one month to carry out the work.
Q:
What is the status of the cable-stayed bridge in Surat? When is the work going to get completed?
Latest Answer: Only 18 percent of the bridge work is completed till now and it is expected that the bridge will be completed by March 2013.
Q:
Recently a school bus driver violated the guidelines provided by the Supreme court and pose a threat to children's life. What is the civic body doing?
Latest Answer: A member of Child Rights Commission suggested that a regular workshop for both the drivers and conductors should be conducted after every three months so that it will keep them updated on new rules and regulations.
Q:
By next month I am shifting to Coimbatore with my family. I am in search of an apartment in a decent area on rent which is also near to some reputed schools. Please advice.
Latest Answer: Hi, I am staying in Coimbatore and I think I can help you out with your problem. You can search rented house in Amman Kulam Road, Pudur as it will be near to Vidya Niketan School.
Q:
Why the authority is demolishing the shops? Is there any particular reason?
Latest Answer: Many commercial buildings has encroached upon the road creating lot of chaos. The authority has served notice to the shop owners but they did not pay any heed, so the authority was left with no other choice but to demolish.
Q:
There has been a leakage in the sewage line which is threat to the health of residents. Why is the civic body is not taking any steps to rectify the situation?
Latest Answer: HUDA has taken initiative and after the initial inspection, the officials have ordered the municipal authorities to clean up the slump in 24 hours and submit the report to them.
Q:
I heard that there is a downfall in the realty sector in Gujarat. Why there is a downfall and what is the reason?
Latest Answer: The realty sector in Gujarat was hit by the rise in the price of construction material and shortage of labor, because of which all the projects are either getting cancelled or getting delayed.
Q:
To transfer the khata for a property acquired by inheritance. Is it necessary to register in the office of the Sub Registrar?
Latest Answer: After the death of the property owner his or her heirs may get the khata transfer by producing the death certificate of the owner with all the details of property held by the person.
Q:
What is wealth tax and who are suppose to pay this tax?
Latest Answer: A wealth tax is a socialistic tax which is paid only by a wealthy person. According to Section 2(q), a wealthy person is bound to pay wealth tax based on his net wealth on 'valuation date' i.e. every year on 31st March.
Q:
The Goverment rather than working for the welfare are working as an agent for the corporate housing. How are the villagers going to survive the threats of government? Is there any one else involved with the government ?
Latest Answer: I reside in Goa and it is really very shamful that the government is threating the villagers to vacant the village. In the name of development the government is taking the land from the owners and selling it at a hih rates and making profits. The government is also taking the help of police to torchure and kill the people and creating such situations that they are bound to leave the village. The villagers are fed up with the act of the government and they have decided to make their own union and fight against them.
Q:
What are the things that can make Faridabad the destination for investments?
Latest Answer: BPTP has invested in Faridabad because recently it has launched 16 new projects. Faridabad has received a grant of Rs 2,500 crores from the government of India under the Jawaharlal Nehru National Urban Renewal Mission. The investments, infrastructure and improvement in amenities is planned to provide impetus to the city's urban development. Moreover the connectivity is too good in Faridabad, the Badarpur flyover has helped the people to save time.
Q:
I recently read about this article called "Zero EMI till possession being offered by builders" in a magazine. What is it all about? Please share your views.
Latest Answer: Yes it is very true and is in demand nowadays. It is also called as subvention. It means once your loan is sanctioned you do not have to pay monthly instalments and instead builder is the one who pays EMI by giving the consumer post-dated cheques for a pre-defined period, which could be anywhere between one year to 30 months, till possession. However builder only pays the interest part and the buyer has to pay the principal part of the EMI. At present Emaar MGF, Ramprastha Developers, Vatika and Ansals Housing are offering this scheme.
Q:
I heard that it has been almost a year that the Haryana State Pollution Central Board is planning to put the equipment to check the air pollution level in Gurgaon. When they are going to execute the plan and which are the possible areas they are going to install the equipments?
Latest Answer: Hi, I am Ramya and I am staying in Gurgaon so many years it is unbelievable that the air pollution and as well as the noice pollution level in Gurgaon has decreased a lot in this Diwali because of some steps taken by the Haryana State Pollution Central Board in the old parts in December 2010. There is a rise in air pollution due to the use of firecrackers during the festival seasons, the equipments are installed in Vidha Sadan in old Gurgaon and other possible areas are like Farrukhnagar, Bilaspur and Udyog Vihar.
Q:
Chennai is over flowing with the unattended garbage all over the city and the residants are suffer for that, Why it is so, why the Chennai Municipal Corporation are no taking any steps to overcome the horrible condition of the city?
Latest Answer: I am staying in Chennai from past 2 yrs and we are facing the problem of unattended grabage near the residential sites, people could not breath properly because of the smell of burning garbage near their house and people are very concerned about their health and the environment created by dumping garbage in front of their homes. Places like Thiruvottiyur and Kathivakkam are overflowing with the garbage. The people residing in Chennai complained not to burn the garbage but it was waste telling the municipal people. Due to less manpower the garbage could not be collected once in two days hence thwe system failed, so the Chennai Munipal Corporation is on high alert to clean the city for the goodness of the health of people of Chennai.
Q:
In Surat I heard that the people are suffering from the water supplied in their area. Sometimes the pressure will be very low and some time water will not be there and there is huge problem with drinking water also. What is the Surat Municipal Corporation doing till now to solve the issue?
Latest Answer: I am residing in Surat and we are facing lot of trouble with water supply and sometimes the water pressure is so low that in certain areas the people wont get drinking water supply also, big chaos has been created due with water supply in the city as water is one of the basic requirement for human. To solve the drinking water problem Surat Municipal Corporation is setting up a new centralised pumping station at Rajshree hall and in addition to this the water committee chairman also demanded to put a toll free number so that the people can direct put complains regarding water.
Q:
I want to take a home loan for buying a new house. Let me know what is the maximum period of tenure that I can avail.
Latest Answer: The maximum repayment time period varies from bank to bank. It also depends upon the scheme you choose. If you are an Indian resident, then you can avail the tenure period of 5-20 years. Non-Resident Indian can avail the loan for a maximum period of 7 years.
Q:
I am looking for Karnataka State Co-operative Apex Bank Ltd. home loan. I want to apply for it immediately. What are the documents required for it?
Latest Answer: You need to submit some essential docs like your ID proof (PAN card/voters ID/ passport/driving license), address proof (Recent telephone bill/electricity bill/property tax receipt/passport/voters ID), and DOB proof (10th class certificate). Financial docs like statements (latest 3 months bank statement / 6 months bank passbook) and latest salary slip or current dated salary certificate with latest Form 16 are also mandatory. If you are self employed, then you need to submit financial docs like bank Statements(latest 6 months bank statement /passbook), latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA, and qualification proof of the highest professional degree.
Q:
Hi, I am wondering if it is better to buy an apartment or an individual house in Kolathur?
Latest Answer: You can choose from IKS Builders, Masago Constructions, Shyam Foundations among other builders.
Q:
What is the cost of apartment space in Padmarao Nagar? Who are the trusted builders in the area?
Latest Answer: DO NOT EVER TRANSACT WITH SUNIL J SACHDEV OF GHARONDA BUILDERS.
Q:
Hi, what would be the best time to sell my flat to avoid the “short term capital gain tax”? The date of registration is Jan 2009, but date of possession is in May 2010. According to law, short-term gain tax is applicable if you sell the property within 3 years. Does it mean 3 years from the date of registration or from the date of possession?
Latest Answer: Well, if you sell the property within 3 years of registration, then definitely it will come under long-term capital gain tax category.
Q:
I want to know about the highlights of IDBI bank home loan along with the interest rate.
Latest Answer: IDBI bank offers home loan up to Rs. 10000000 and the amount funded is up to 85% of the property value. If you take home loan within Rs. 75 Lakhs then the interest rate will be 13.25% (period of 3 years) and 13.50% (period of 5 years). If your loan is more than Rs. 75 Lakhs then the interest rate will be 13.75% (period of 3 years) and 14.00% (period of 5 years). You have to pay 1% as the processing fee and Rs. 300 in case of cheque bounce.
Q:
We are the residents of Bahlopur and we are not getting sufficient water which can meet our daily usage. Yet there is no action taken by the municipality authority to tackle this issue. It really affects our social life, when the concerned authorities will turn on?
Latest Answer: Hi Surya, there is no need to panic anymore. The Noida Jal Board is all set to complete a new underground water reservoir in sector 63, Noida. According to a rough estimation, a person can have around 170 liters of water per day. This project will definitely resolve the insufficient water supply issue across Noida.
Q:
I want to register a property which is already mortgaged. Can I register this mortgaged property?
Latest Answer: Yes, you can register this mortgaged property. For this you need to go for the same process required for registering a non-mortgaged property. You need to get NOC from the Financial Institution addressed to the land department.
Q:
I want to invest 20 lakhs for buying a commercial land in Boiser area. Is there any other good place to invest in?
Latest Answer: I think that you should invest in Gurgaon for commercial land, Gurgaon has best options to offer a good of any king of real estate projects. For your investment I suggest you Vigneshwara Developers because the realty group is the best one in commercial market.
Q:
Hi, I am planning to invest in residential property in Jaipur. Is Rosewood city Jaipur comes under Apna Ghar Yojna and I also would like to know whether this is the right time to invest in property in Jaipur?
Latest Answer: It's a very good place for long time investment. I would suggest you to wait till Diwali as there will be a fall of rate during this period.
Q:
In our apartment at Rajarhat, New town, there is a big security issue. Everyday new security guards are posted for the duty. We cannot verify their identification as their id has no contact number of the company from which they have been hired. Can you please suggest some solution for this issue?
Latest Answer: oooooohgvv
Q:
Agricultural land near to Kochi
Latest Answer: No tax implications as such on buying an agricultural land. In buying such a land, please go through the revenue records kept in the office of the concerned Tehsildar/patwari so that there is no legal aspect charged against you.
Q:
Is there any idea how to choose good builders?
Latest Answer: Yes, for choosing good builders in your city, you need to make a list of builders or developers and choose top three or five builders for the list and check type of property , budget ,builder association and back ground of builders.Following articles will help you to choose a good builder
www.commonfloor.com/articles/10-things-you-must-know-before-choosing-a-builder-5766.html
Q:
Higher property value
Latest Answer: Land or Property Registration refers to the registration to document changes in ownership and transactions involving immovable property. Whenever you buy a piece of land/immovable property, you need to register the same with the authority concerned, so that a legal ownership title is guaranteed to you. Registration charges will correspondingly move up if property value increases. Under the computerized Land and Property Registration system, registration is easy. It facilitates transparency in valuation and eliminates middlemen. Some states require an application to be submitted to the concerned authority, which may be the Sub-Registrar or the SDM of your area.
Q:
How much proportion of my income or savings can I invest on a property? Is there any fixed percent?
Latest Answer: There is no fixed percent as such. It all depends on your wish and wise decision. At a young age with 2-3 yrs of working you can invest more than at older age. As responsibilities increase you need to divide your income to other commitments also.
