Q:
Is Jaipur rental market boosted by the current metro development?
Latest Answer: Hi Rahul, I think civil line is the most sought after luxury residential destination in Jaipur owing to its gentry and central location. The area mainly has Plot project development along with small scale apartment projects by developers. The monthly rental value of a 2BHK apartment in the area ranges from Rs 12000 to 25000 followed by Rs 15,000 to 45,000 for a 3BHK apartment.
Q:
Give description about your Question.
Latest Answer: Hi ,
As per different sources, in July-September, the Delhi NCR saw the launch of only 4,500 units which is less than half of what was seen in same period in 2013. A lot has happened in the Indian economy in past few months. Developers have been facing delay in approval and clearances, which could be a possible reason behind this slowdown.
Q:
The Supreme Court has directed the Centre to make sure that all real estate projects launched in the country elegantly set out the earthquake-resistant category in which they fall.
Latest Answer: The NDMA, was claiming that these guidelines were prepared in 2010 and were still under discussion with the Reserve Bank of India. Even as per the existing consumer protection laws, this information needs to be spread to the population at large. It is not being done at the moment and neither is it being impose by the government.
Q:
in the new budget a Budget of Rs 3470 Crore has been alloted for the metro- discuss?
Latest Answer: Well the big chunk of the funding is being done by the Japanese and the center and Delhi government has just a 10 % share..so the works will be completed on time and will not have any effect on the deadlines,
Q:
We believe that there will be lot of improvements going to happen in the Infrastructure sector. Also Increase in stock market and rupee appreciation is expected. So what can be the possible impacts of the new government on the Indian real estate market in the time frame of 6 to 12 months.
What do you think of modi-fied real estate ideas ?
Latest Answer: I feel a good infrastructure such as good roads, express corridors, SEZs, electricity, water supply and mass transportation facilities such as BRTS, metro and monorails will boost up soon. Many developers are hoping that the new Prime Minister will be able to improve the infrastructure across the country, the same way he did it in Gujarat.
Q:
Hi..what are the revised Stamp and registration charges in Rajasthan ?
Latest Answer: I have purchased a flat in Bhwadi(Rajasthan) directly from Omaxe for Rs 14.58 lakh. May I request u to please give amount to be paid, GST and any other charges to be paid. It is in joint name of myself and my wife.
Sanjay Bhatia
Q:
Hi, most projects are not affordable by the majority of Indians, still high priced projects are being build by builders. discuss!!
Latest Answer: Hi,The Ministry of Housing and Urban Poverty Alleviation (MHUPA) in 2012 said that there less supply of around 18.78 million housing units in urban India and 95% of this non availability affects the EWS and Low Income Group.
Q:
Hello, what is the price of this project?? what is availability of apartments???
Latest Answer: The project has availability of 2 and 3 bhk of 1140 and 1400 per sq ft and is price at Rs 2300 per sqft and a 3bhk will cost approx RS 33L..
Q:
Hello, I reside in delhi and am looking to invest in Panipat which is where my grandparents hometown and i wish to settle down. How is the area now and has there been any developments happening there?
Latest Answer: what is the transportation situation, local buses, travelling inside the city as well as commuting to delhi??
Q:
Many Infrastructural projects are coming along the developing zones of Yamuna Expressway, realty projects here are looking good for long-term assured returns. Kindly discuss on this news.
Latest Answer: Hi
I have booked a flat at Yamuna expressway with Gaursons, for investment purpose the place seems good and expected a good return as now there are number of builders developing some good projects that attracting investors. gaursons can be a good option as their project are running on time.
Q:
Hi guys I have gone through many projects of Era but I liked this one personally kindly share with me the details of the project.
Latest Answer: Can any one note down the connectivity of the project?? I need to know about the roads and metros! I have to travel to delhi every day thats y!
Q:
Hi Guys I have heard that the New land acquisition law has came in effect? Kindly share the news.
Latest Answer: What are the major development about the new land acquisition law?? Like what are the main things we should keep in mind!
Q:
How is the location of the project ? Is there near by schools or colleges ?
Latest Answer: As far as I know you can get good returns as it is an ideal location for families to settle down and it offers great connectivity to all parts of Chennai. Residential apartments are quiet famous here, It is offers good for both long term investments as well as enduse purpose. Within 5 years you can expect good appreciation.
Q:
How can I convert my regular home into a green home?
Latest Answer: Also using soil blocks instead of bricks increases the duration of your building. It also helps you avoid plastering externally and therefore cost while adding to the aesthetic of the building.
Q:
Hi, every one just heard some news about NRI housing interest have faced some changes
Kindly update me with proper facts.
Latest Answer: I heard that this kind of condition i.e the market conditions are expected to remain for the next few months, NRIs could benefit from some attractive options available in the market.
Q:
What is the news about DDA and National Green Tribunal coming up with new process of cleaning the floodplains.
Latest Answer: DDA has failed to uphold the doctrine of public trust by letting DTC continue with the illegal occupation of the riverbed. It's one example where it has knowingly undermined its own authority and law and thus set a dangerous precedence
Q:
Hi, i am confused between this two projects..can you tell me tell me details about the Mahaluxmi Homes.
Latest Answer: Recently company has advertised rate of Rs4545/- per sq ft (all inclusive) including car parking, back up, IFMS, EDC/IDC etc. Is it fact or there are other hidden charges. What are payment terms.
Q:
Hi, i want to investment in Ghaziabad, but confused which are to choose. kindly tell me which is a better area to investment..
Latest Answer: Among Indirapuram and Vaishali, Vaishali become much popular than other areas.Initially Vaishali was not a perfect platform for residential investment but the locality is emerging as a popular destination for the middle-class buyer now. There are innumerable residential projects that have mushroomed here in the last few years.
Q:
How is the project, can i get a proper review of the project!!
Latest Answer: Hi, Guys i am wondering if any one can give me some information about connectivity of the project!!
Q:
Hi , guys i am new to Delhi and looking for investment in Noida extension. Mt frnd referred to a project..that is White orchid, may i know how is the project??
Latest Answer: Hi Guys , I am trying to find out if any project delievered by Town Park Buildcon Pvt Ltd ( Builder of White Orchid ) in previous times. if anyboday have information pls share . I had tried a lot on net but no information available. but builder is claiming that he is a known name in real estate
Q:
Which are projects that are coming up in Sector 16 C
Latest Answer: Guys you missed Gaur City 1 and 2. Gaur City is coming up with more than 20 projects.. which are divide into two townships... this is a very good option in this sector
Q:
Any update on the Yamuna Bridge?
Latest Answer: The bridge is to be constructed between between the existing Nizamuddin Road Bridge and the DND Flyway to Noida that is between Mayur Vihar and Nizamuddin and they say that 85% of the construction work has been complete.
Q:
What will be the impact of Ozone on Noida real estate ?
Latest Answer: Hi all, I would like to know what is the impact of green cover on real estate sector?
Q:
Please discuss
Latest Answer: Noida has one underground parking facility under the sector 27 park located behind Kailash Hospital. Built at a cost of almost Rs 2.5 crore, this space can take about 150 cars. Above ground, the green area sprawling across 3000 sq m is used by residents for recreation. Recommends Devesh Goel, a former town planner of the Army and resident of sector 28, "Sector-wise parking space requirement needs to be worked out taking into consideration vehicle population as well as area available, and then the requisite infrastructure should be provided in an organized manner.
Q:
Hi, frnds, i want to know how is the project and when is the possession?? Is it worthwhile to invest
Latest Answer: Sure, project has various modern amenities like Garden, Swimming Pool, Play
Area, 24Hr Backup, Maintenance Staff, Security, Intercom, Club House,
Rain Water Harvesting, Library, Gymnasium, Community Hall etc.
Q:
Please give your opinion about buying property in Gurgaon-Faridabad Road. Also suggest me some good deals.
Latest Answer: Which are the projects in Faridabad??
Q:
I have been coming across many prelaunch offers in main cities these days.. any particular reason?
Q:
Tar roads are better or cement ones?
Latest Answer: In virtually all modern mixes there will also be various admixtures added to increase workability, reduce the required amount of water, mitigate harmful chemical reactions and for other beneficial purposes. In many cases there will also be Portland cement substitutes added, such as fly ash. This can reduce the cost of the concrete and improve its physical properties. so i think its cement then.
Q:
Need to know about the developer of this particular project
Latest Answer: Whch are the banks who have invested in this project
Q:
Since 4 years, property rates in Bangalore is hiking, is there any chance that will come down
Latest Answer: So in India, apart from NCR region Bangalore is also rising up in terms real estate investment
Q:
I am from Bangalore. looking for projects in Dwarka sec 6
Latest Answer: Great thats a good budget, amrapalli, supertech and many projects are there in Dwarka expressway region.
Q:
What are the problems of Delhi Real Estate?
Latest Answer: Which place is more growing? Delhi , Mumbai or Bangalore. I want to invest in any three of cities which one should i invest?
Q:
Need to know about some projects in Ghaziabad, with this dimensions.
Latest Answer: Spring View Heights this is good project and according to your needs also . They are offering 926 - 1423 Sq.Ft. with a price range of Rs.28.47 Lacs Onwards
Q:
Any new residential plot project in Pari Chowk? Who is the developer?
Latest Answer: the most interesting fact about this project is that the plots are are located just near to the first internationally designed Motor Race Track in the country and an ICC standard Cricket Stadium accommodating capacity of over a lakh spectator.
Q:
Hey i m looking to invest in noida expressway, what are the future potential of investing in noida expressway? . please suggest me some pre launch projects in noida expressway.
Q:
Residents of Triveni Apartments in Sheikh Sarai-I in South Delhi are worried due to the area’s deteriorated infrastructure is the goverment taking any steps?
Latest Answer: For years, the corporation cited fund shortage as the reason. Multiplicity of agencies involved in road-cutting for various projects and Delhi Jal Board’s leaking pipelines and poor drainage system as prime reasons for the bad roads.Now, three civic bodies and Delhi government’s PWD section has started working on 60-foot wider roads, but still they are blaming each other for the condition.
Q:
a new fly over is coming or a new road will be constructed in Noida ?
Latest Answer: I am more concern about the construction part because due to construction the road will be totally jammed and this will have problem for regular commuters. They should make sure that the regular traffic should not be hampered .
Q:
There is a big issue thats going on about the builders and resdisents . What is the latest update
Latest Answer: Hi, Sufia, if the old booking are cancled, what about the deposite money? are they getting back? what are the consequences?
Q:
Heard a new developer is coming in this area! Pareena Infrastructures (Pvt.) Ltd.. Need brief about the builder and what kind of project?
Latest Answer: Dear guys , i think this is one of the lucrative project for investment in this area, the builders are also pretty good,. Experts kindly give your comments.
Q:
Hi, I m looking to buy a property in sonepat.Kindly suggest me good upcoming projects? How about Omax Sonepat, Parsvnath and Green Escape?
Latest Answer: There are four Industrial Areas- Sonipat, Kundli, Rai, Barhi. Due to high employment opportunities in the area, the demand for housing projects is also high. Parker Residency 2, TDI City, Express City, Gaur City, Ansal Green Escape, Tulip Grand, Omaxe Heigt, TDI Kingsbury, are some of the projects in Sonipat. I feel Kundli is good for inevsting.. Hope this info was helpful to you..
Q:
Hi, what is mutation certificate for registration? and how can i get NOC from the corporation? I need to know the details to transfer a property from one name to another
Latest Answer: How to transfer plots form one name to another? i have a residential plot which i need to transfer in my duaghter name. how do i do?
Q:
Is there are any schemes from Noida/Greater Noida/Yamuna Expressway authorities are running or going to start in next few months ?
Latest Answer: I would like to suggets that go for built up house and plots only
Q:
What about NRI investment in Delhi NCR region?Are there any new housing projects coming up in delhi ncr for NRI s? which are the developers who are planning housing for NRIs?
Latest Answer: Hi Neha , as per studies conducted in the year 2012, about 40 percent of the Delhi-NCR properties were from NRI investors. NRIs are not just looking forward to invest in residential properties but also commercial properties for guaranteed returns. NRI s are too much attracted towards NCR region more than any other region in India, it is help full us Indian real estate to grow also.
Q:
What are the present property rates on Noida greater Noida expressway? How much appreciation is speculated for the residential projects in Noida expressway in the coming few years?
Latest Answer: Hi Neha, property rates in noida are quite reasonable. To know the exact rates, visit the websites of any real estate project, and contact them to get the details.
Q:
I booked a studio apartment in one of the on going project in Noida. The developer qouted some amount for the first payment and said that after the possession he will take the second payment.Now he is duplicating his words and asking for the total money in one go. Can any one help regards to this issue.
Latest Answer: Hi Anandmahal, I booked the apartment three month ago, i paid 30% of the amount. The second installment is scheduled in April, 2013,now I have got a notice from the builder for full payment and he is telling the possession by the end of this year,since this project is on going so at the time of purchase my document was not having the option of payment dates or payment schedule. Kindly advice !
Q:
Looking for resale transaction of 3 bhk @ Rs. 9412 Per Sq. Ft in Pritam pura.
Latest Answer: Hi Neha, you have good options in this area and the connectivitry with this area with rest of the city is very easy as metro is very much close. You can check for your options in
Apartment for Sale in Pitampura, Delhi
Q:
I want to know if i invest in areas near Khan Market then what will be my future returns? and what is the recent status of Khan market real estate in this year
Latest Answer: Neha Khan Market itself is a very posh area for real esate. You have the best of resturants and show rooms in Khan Market. If you want to invest in Khan market for commercial purpose , it's the right place to invest. The rent rates varies form Rs 5lac to 10 cr. It totally depends on which area you are getting and what is the rates per sq ft.
Q:
I am looking for a villa type apartment with joggers park and play school. My area of concentration : The new projects thats coming up in Yamuna Expressway.
Need to know the rates and who are the developers who are coming up with luxurious projects
Latest Answer: Akshay thanks a lot for the information , can i have some other project details also so that i can have a better idea?
Q:
What is the use of launching real estate venture capital fund? How will it help the people?
Latest Answer: LIC will raise the fund through its subsidiary, LICHF. It is planning to launch affordable projects for the serior citizens of all the state capital. It is said that they have already started the project in Bhubaneshwar and by next year they will start with the construction in Bangalore and Jaipur. The price range of the house will be in between 6-8 lakhs.
Q:
The Government has passed a new law which says that the rent should be fixed between the landlord and the tenant mutually for a specific period of time. Why the government have made such law?
Latest Answer: Quite surprisingly, why these tenancy laws are skewed towards benefit of the landlord. Why there is no provision at all to safeguard interests and integrity of tenants? For example, to suit our need a landlord can bind the minimum stay period (just to save brokerage). If a tenant has genuine cause to leave, the refund is refused. Why these points are not addressed?
Q:
The resident of Gurgaon are fed up of the illegal construction in their colonies. What is the civic body going to do about this situation?
Latest Answer: The Gurgaon district administration order the authority to take serious action against the encroachers. The district administration asked the authority to file FIR rather than proceed with demolision or serve with notice. The district commissioner said that there should not be any illegal construction in the district. The District commissioner also directed the officials incharge of revenue and taxation not to register any sale deeds in the unauthorised plots.
Q:
Why the government ordered to seal the flats?
Latest Answer: I am a resident of Delhi and it seems that the flats which were solds to the buyers do not have proper papers and construction completion certificate so the government asked the civic body to seal all the flats. The High Court then ordered the Dehli Development Authority to de-seal the flats who have approached to the court and shouldnot take further action against them. Now the buyers are at a loss in the fight between the agencies and the developers. It is also said that instead of issusing completion certificate to the developers the civic bodty has ranndomly sealed the flats.
Q:
I have a plot in one of the illegal colony in Delhi-NCR which was in news recently. What does the GOM report say on regularising the properties in illegal colonies?
Latest Answer: The group of ministers suggested that the development of the unauthorised colonies which were issued provisional regularised cerfiticates and structural safety certificate should not be targeted to check illegal construction. In 1,639 colonies the government has frozen the constructions but in 2008 to regularize the colonies they were provided with a provisional regularizasion certificate.
Q:
Delhi-NCR Civic body not taking actions against the illegal constructions. When will the MCD demolish these illegal buildings?
Latest Answer: According to the sources, one of the resident of Chandni Chowk has filed a Public Interest Litigation at the Delhi High Court about the civic body not taking actions against the illegal constructions in the area. As the building dont have any safety norms, he thought that the building can collaspe anytime harming the resident of the near by areas. The complainant requested the High Court to order the Municipal Corporation of Delhi to start a demolition drive against the illegal construction.
Q:
Which is the better option to opt professional vendors doing different activities or the developers taking care of the whole maintenance?
Latest Answer: Some of the apartments ask for boggling amount of money for the maintenance. Developers extend the facility of maintenance to ensure that the development is taking care efficiently. Those who are staying in flats more do not want to pay for the maintenance charges with this mentality how can anyone except to keep the building neat and clean. There are several arguments in this regards there has to be regular upkeep for the health of any complex for that service professionals are called for.
Q:
Chhath Puja will lighten up the bank of Yamuna as well as it will leave waste at the banks.Is the Delhi-NCR government making any emergency arrangements for the devotees? Who is going to take the responsibility of cleaning the banks after puja?
Latest Answer: Chhath festival is observed to seek blessings of the Sun, pray for prosperity and health of the loved ones. The devotees offers various puja essentials to the God which usually pile up in the bank and get deposited in the river bed, lot of plastic bags, bottles, glasses, plates make up the pile on the bank. The Delhi government officials said that they are going to take care of the sanitations, water supply, ambulance, mobile toilet vans among other measures. The Municipal Corporation of Delhi will clean up the Ghats before and after puja by collecting all the discarded things gathered from the offerings.
Q:
It came to our notice that the Noida Authority is planning to construct two new subways to control the traffic in the city. When the project is going to get executed and where the subways are getting constructed inside the city?
Latest Answer: From Noida City Center to Noida extension there will be so much traffic jam that the Noida Authority has planned to construct their first subway at City Center metro to control the traffic to a certain limit and the second one they are going to construct at the crossing near sector 72, another road where the commuters suffers from traffic jam. It is bound to have more traffic in future as many residential project are coming up in that area. The subway project is going to start by next month once the tender is being processed.
Q:
The Noida Authority wanted to develop the link roads for the commercial development, suddenly made the Delhi-NCR develpoment wake up to the issue of land owership and file a petition. What was the reason behind that?
Latest Answer: It was told to Yamuna Standing Committee that the project was to control flood measure but it was accepted by a senior officals that it was bid to reclaim the land. That is why a petition was filed against the authority. Noida Authority has already seperated the land by setting up wire fence.
Q:
Few days before the streets in Delhi-NCR were dark but soon the issues was taken by the autority and the lights started working normally and even the lights are turn on in the day time. What kind of ignorance is this?
Latest Answer: I am staying in Delhi, before there was no light and noe they are working 24/7. The government should remember that still there is a problem of prolonged powercut in the city. It is left unnoticed that the streetlights will be on in the day time also, it is a complete waste of money. Again suddenly there will be powercut saying that the bill has not been paid.
Q:
The Municipal Corporation of Delhi has implemented various schemes to increase the property tax but it seems that this year there was less registration compared to the last year. Why it is so?
Latest Answer: The difference in property tax in the rural area and the main city is entirely different. The Municipal Corporation od Delhi is spending equal amount of money in rural area as well as in urban area. But if the MCD is split into three parts the rural areas and the area that earn less revenue will be neglected and the area which earns revenue will see the development.
Q:
Delhi metro will board the passengers till 8pm at night because of Diwali. Is the timings till Diwali or the same timings will continue after Diwali also as so many people are fully dependent on metro so they will be facing problem if the timings is like that. What is the Delhi metro rail corporation going to do about the matter?
Latest Answer: Thank you Ruchi and Ramya for the valuable information..
Q:
I wanted to know what ideas we can use to decorate our houses this Diwali in a unique and different style so that it will look beautiful, bright and colourful.
Latest Answer: As Diwali is a festival of lights and colours, we can start decorating our houses with a creative rangoli in the entrance then we can add flower decorations, diyas, and even we can put a bowl of water with floating candles along with some flower to make the environment of the house soothing and pleasing, and now-a- days there is no limit of home decorations we can even place orders online.
Q:
I am planning to buy an apartment in near future. What will be the future homes be like? Will there be any change in terms of size or capital invested?
Latest Answer: The biggest change in homes would be the size. The builders are going to build apartments with small size at an average of 2,150 square feet.The decrease in size can also be related to the recession and the gaining up of population. As per capital investment is concerned, it might stick to the same or depends on the scenario then.
Q:
I am working as a company executive in a reputed IT company. Does this sudden hike in income tax rates would affect us by any chance.If yes,then please share how it may affect?
Latest Answer: Yes it may be affected as DLF has almost doubled its fund raising target,only from those IT Parks and non core assests whose performance and output is not satisfactory.
Q:
I am planning to take land in Delhi which DLF organisation is planning to sell. Is there any reduction in cost because of sudden rise in taxes? Please provide me relevant information regarding this.
Latest Answer: Sudden rise in income taxes and huge debts has made DLF to sell many of their lands properties. It has aimed to become debt free as soon as possible and due to this they have increased land rates so that they get maximum benefit out of it. For some underdeveloped land they may sell it at lower rate.
Q:
What are the legal formalities I need to fulfil before giving my house for rent?
Latest Answer: Some of the legal formalities include specifying specific amount to be paid as an advance and making sure to specify about the re-payment of the advance money. Social responsibilities section has to be briefly mentioned, renting amount is a must to be discussed and also the percentage of increase in the rent in future. Specify the rent payment date in the documents to avoid future arguments and misunderstandings, criteria about the ways of handling the property should be mentioned and also very important thing is to deed an house renting agreement in consultation with an efficient advocate is a must.
Q:
I have a house which I want to give for rent in Delhi. What are my social responsibilities to be taken by me before renting out my house?
Latest Answer: Some of the social responsibilities you have is to check the potential tenant's background, have clear views about family and professional background, build up a semi-formal rapport with the tenant in the very first meet. You should ask for government Identification Cards to prevent harbouring any kind of anti-social elements, understand tenant’s cultural roots, in concern with owners comfort level one should discuss about partying late night with music on weekends, cooking specifications should also be specified and last but not the least mention clearly about the maintenance of the house.
Q:
Can some one please explain about the Delhi Government ban on plastic?
Latest Answer: What i don’t realize is actually how you’re not really a lot more well-favored than you may be right now. You’re very intelligent. You recognize therefore considerably in terms of this subject, made me in my view believe it from numerous numerous angles. Its like men and women aren’t interested unless it is something to do with Woman gaga! Your own stuffs great. Always take care of it .
Q:
Hi, when is the Unitech Unihome going to deliver their project in sector-117?
Latest Answer: Unitech was known to deliver quality construction, but lately due to its financial woes, they have compromised on their quality.
Q:
I am a resident of Noida. I just wanted to know what initiative the state government has taken for waste management in the city?
Latest Answer: Noida Authority has decided to take initiative to implement Eco-wise waste management in the residential sectors of the city. The authority will provide 20 hydraulic trolleys for the waste collection from all the sectors. Uttar Pradesh State Agro-Industrial Corporation has been approached for the procurement of the hydraulic trolleys.
Q:
How to obtain a registered will? Will it be available to anybody?
Latest Answer: Registered will be available with the executor during his lifetime. After his death anybody can obtain after producing the correct death certificate.
Q:
I am buying an apartment and will apply for home loan. How many types of home loans are present in India?
Latest Answer: There are various types of home loans provided Banks and Housing Finance Companies in India. You can choose from Home Purchase Loans, Home Improvement Loans, Home Construction Loans, Home Extension Loans, Home Conversion Loans, Land Purchase Loans- for purchase of land for both home construction and investment purpose, Bridge Loans- for people who wish to sell the existing home and purchase another.
Q:
I have heard a lot about the concept of premium apartments. Please provide some details.
Latest Answer: Premium apartments are gaining attraction by the property buyers in India. The environment inside the apartment is equivalent to the feeling of bungalows where you will be provided with high quality doors, French windows and also fully air-conditioned. Less maintainence is required for those apartments as they use natural materials. The usage of Polyvinyl chloride (PVC), plastic and the Aluminum frames are not used in these type of apartments to promote much healthy living.
Q:
If I go for home loan then which one should I choose from floating rate or fixed rate option?
Latest Answer: The decision to choose between floating rate and fixed rate depends on your outlook on them, economic factors, etc. If currently, the interest rates are high and it might drop the go for floating rate option. You should go for a fixed interest rate if the current rates are low. If you want stability in terms of cash flow, a fixed loan that remains the same during the entire term might be a good option.
Q:
The property I am planning to buy is still under construction. What are the important documents I can check for under construction property?
Latest Answer: Check the parent documents of the land, development approvals, transfer of development rights to the builder. Inquire whether project is funded by a bank or any financial institution. Check whether the land has been approved by concerned authorities.
Q:
What is an Encumbrance Certificate? Please give some details.
Latest Answer: The Encumbrance certificate is one of the most essential legal documents for properties. It is issued by the state registration department.
The most critical information mentioned in the EC is the name of the current owner of the property. While negotiating with the apparent property seller, it is very useful to check whether the seller is registered as the current owner of the property according to the government issued EC. Imagine paying the advance to a fraudster who has forged documents and given them to you!
As a prospective owner of a property, it is essential that you are aware of any impending dues on the property. Imagine buying a property without knowing that it had been given as collateral to a bank for a loan by the earlier owner. What a nightmare this could be!
Q:
I want to take home loan to buy an apartment. What is the impact of Direct tax code on housing loan?
Latest Answer: At present the repayment of principal amount of housing loan is eligible for tax exemption under section 80C of the Income Tax Act, 1961. Under the proposed DTC, this privilege will be taken off and the tax payers will have to look at other options of investments for claiming tax exemption. On the other hand, deduction under section 24(b) of the Income Tax Act, 1961 towards interest paid on housing loan which was available from the "Income from House property" will not be available under proposed section 74 from Gross total income.
Q:
I want to buy an apartment in Delhi. I have heard that most people are going for under construction apartments than completed ones. What is the reason behind it? Please advice.
Latest Answer: Buyers opt for under construction apartments more because they do not have to put I the whole capital altogether and can pay marginally. Second option is they can customize their own apartment as it is built within time. Most developers, by the time they come to the occupancy stage, have less than 5% of the apartments available as ready-to-occupy units.
Q:
When are we going to get flats allotted by Delhi Development Authority? Will it take more time?
Latest Answer: Have you booked any flats under Delhi Development Authority housing scheme? Because DDA has announced the allotment of the flats to the owners who have already booked them. The verification process of the flats has been received and completed and few infrastructure works are yet to be completed.There will be a review meeting based on allotment procedures and soon allottment procedure will initiate.
Q:
I stay in Delhi and already we are facing 22% percent power tarriff hike. Why suddenly DISCOM plans to increase the power tariff again?
Latest Answer: In my knowledge the cost to be paid by the Delhi power supply wing for 15,000 million units will increase till the later part of the year 2012. It will be 55 paise/unit from the actual current costs.
Q:
what all documents I need to focus when buying a residential property in Delhi-NCR which is a Leasehold property?
Latest Answer: Most of properties in Delhi-NCR are leasehold properties and you must know clear difference between a leasehold property and freehold property. In the case of leasehold property, make sure that the ground rent has been settled up to date. Ensure that you have a general as well as special, irrevocable POA, which will allow you to transfer the property in case of the death of the seller.
recommend you this article
http://www.commonfloor.com/articles/freehold-property-has-better-marketability-6108.html
Q:
I wanted to buy an apartment in NCR region. What are the most important amenities one should look for before buying an apartment?
Latest Answer: Before buying an
apartment in Delhi NCR you should look for basic amenities like car parking area, lift facility, housekeeping services, security guard for maintaining safety of the apartment and keep a check on visitors, 24 hour generator backup. If you are looking for more amenities then you can look for amenities like swimming pool, outdoor sports, club house, fitness centers, gymnasium, etc. The cost of the flat/ apartment depends on the amenities available in the apartment community.
Q:
What are the common mistakes one can commit while investing in real estate. I wanted to invest in a property but want to be aware of all the possibilities. Thank you in advance.
Latest Answer: Property investment can be a great way to diversify your income. It has the qualities of a great investment- stable, long-term, low-entry and most importantly- rewarding. But if you ask any successful investor and they will tell you that it was not all cakewalk. Not everyone makes it to the top and all successful investors have successful investments all the time.
Q:
Dear sir, I am planning to buy an apartment in Delhi-NCR. Can someone suggest me what are the important documents required for home loan in HDFC bank?
Latest Answer: Housing Development Finance Corporation (HDFC) is one of the premier banks in India for providing home loan. HDFC finances up to 80% of the cost of the property (including the cost of the land) based on the repayment capacity of the customer. You can choose from Partly Fixed or Partly Floating rate options. Loan is available for purchase (fresh / resale) and construction of houses, Renovation and repair, Extension of house and Purchase of plot. Repayment of the loan can be done over a maximum period of 10 years.
Q:
Is buying a flat in a new project where possession is after 1-2 years better than buying an old flat where possession is immediate?
Latest Answer: Buying resale flats or old flats whose possession is immediate are always safe considering miscellaneous expenses, delay in possession, non levy of taxes like service tax, VAT etc. At once a person has to manage a large amount of capital but it gives more returns in long run.
