Q:
The government of Maharashtra has asked municipal corporations in the state to work on cutting the number of approvals needed for a project in the realty sector to about 70, from the present level of 200.
Latest Answer: But now Maharashtra Govt. has decided to reduce the number of approvals from 200 to 70. It had earlier decided to reduce the number of clearances for an industrial unit to 37, from 76. This is on similar lines.
Q:
Good news for Mumbai!!!! In a year's time, the business district of Bandra-Kurla Complex will probably become India's first mini Smart City
Latest Answer: It's a good thought Gauri, if implement ......."Thoda Khaye But Achcha Khaye" .....Govt. should think over this policy first....
If we look at the list of cities which have been selected as smart city, many of them would already have annual municipal budgets running into multiple times of this figure. On the other hand, there are few states which have shown doubt for implementing the scheme and if there is not enough support from them in terms of funding and administrative help, it would be difficult to take this scheme to its reasonable result.
Q:
Hi, when is the project going to launch any update on it?
Latest Answer: Gud Evening Jerome,
ihave a word with their sales person and she told me that project is not yet launched and will take another 2-3 months.
Q:
It's really a good news for Mumbaikers because the salt pans, which till now fell under the No Development Zone.
Latest Answer: Right Saurav,
If Salt Pan lands in suburban areas are allowed to change in usage, can be used for creation of low cost housing for LIG and EWC segments. It definitely has the possibilities to affect availability of land for real estate development, but just by itself it may not be enough.
Q:
Hi,
As I am planning to book a flat in this project, which banks have approved for finance so that I can go ahead and take home loan accordingly.
Latest Answer: You can call on this toll free number (1800) (180) (180) (180) Or You
Post your Requirements to get matching properties details on your Email and Mobile.
Q:
Begumpet is one of the well-known localities of Hyderabad. Heard that it post posts 10% yoy returns. Kindly discuss on this news and let me know.
Latest Answer: How is the rental market here ? How is this locality impact post Telangana issue ?
Q:
Can somebody throw some light on this project? What is the present status??
Latest Answer: What is the current rate ?
Q:
Can anybody let me know how is the project Runwal Greens?? Can I get good resale value in future when I sell my flat???
Latest Answer: Runwal is the worst buiilder i have experience with
They are harrassing existing Runwal Greens customers for extra money over the posession
Be careful.
Q:
Which all units are available currently ?? Can you tell me units price range and size quoted for it ?
Latest Answer: Miyapur Development is a very good locality in Hyderabad City. Miyapur to Bollarum Road is a well developing & fast growing residential area. It has all facilities with a surrounding of 2 to 3 kms and just 20 minutes journey to Hi-Tech City. Metro rail is a landmark for Miyapur.
Q:
How is the real estate market in Prabhadevi? What the good projects coming up in this area?
Latest Answer: What is the price trends going on in Prabhadevi?
Q:
Hi, what is happening with Mihan project? Is it still under progress? What is the status of the IT park having the big companies like Wipro, TCS, HCL ETC. What are the gud projects to invest?
Latest Answer: Please check out the best investment option at Nagpur & near MIHAN : www.fortunenagpur.com
Q:
I have an apartment of worth 50 L. And I’m interested in selling it. I want to avoid the 1% TDS on the sale of my apartment. So, till when can I sell my property to avoid this. From which date in 2013 is the 1% TDS thing is starting? Please also tell me who pays the TDS, a buyer or the seller?
Latest Answer: Dear Ashish, Its for all property transactions, new or old, across all over india, rural or urban
Q:
Hi, I’m planning to buy a property in thane, this property is for investment purpose and I would like to sell it after 2-3 years. The first installment and down payment is self-funded. I have the allotment letter from the builder but I am not sure if I should go for registration. Advice
Latest Answer: I believe in good deeds!! The downside of not registering a property is there is no way you will know if developer sells the flat to someone else or not.. Also, each year stamp duty, service tax, etc is going up resulting in the cost for the same going up as u delay registration. Why take chances with hard earned money by not registering the property in u/c stage??
Q:
In your view what should be cost of affordable range of properties in Mumbai?
Latest Answer: In my view, affordable range should be 3-5K, 5K-8K should be semi-luxury (most so called luxury projects in Mumbai will come in this category) and luxury should cost 8K+ (Currently none in Mumbai)
Q:
After what ever land disputes , is Noida sector 76 is safe for investment. Can any one give me some information about the land disputes and the latest status?
Latest Answer: Hi Jerome , yes there are lot of disputues thats going on sector 76. The disputes are not yet properly over. Although the work is going in a good pace. The projects have started the constructions also. If you want to invest, you can wait for 6 months or so, to have a clear idea about the disputes and also by that time more rules and regualtion will also come in. So my suggestion is to wait for the right time for investment.
Q:
How is the real estate scenario in Sewri? Will it be wise to invest in a 2 BHK apartment in Sewri, Mumbai?
Latest Answer: The locality has shown growth in recent times due to transformation of old residential inventory like Dnyaneshwar Nagar, Shivaji Nagar, SEWRI Koliwada, BDD Chawls, Gulmohar Society, Labour Camp and Bhatwadi. The prices of the apartments in Sewri have gone up by 21 per cent during July-Sept 2012 quarter. 2 BHK apartments in Sewri have more demand than 1 BHK apartments.
Q:
How much sales went down in Mumbai real estate sector during this year's Diwali? Was it real bad?
Latest Answer: From previous year data, this year's sales has fallen down. From last year's 5,791 sale deeds, it has fallen down to 4,633 sale deeds this year. This Diwali was a complete reverse back scenario.
Q:
In your opinion, what steps can be taken to improve the current situation in the realty market in Mumbai?
Latest Answer: In the current situation Mumbai is witnessing a more supply and less demand scenario. The builders have to concentrate more on affordable housing rather than posh projects. The current situation will only go up when all the remaining projects get occupied. The rates have also risen swiftly after economic slowdown in realty in 2009. Out of Rs 20,000 crore pumped into land acquisition by developers in Mumbai, Delhi and Bangalore, Rs 12,000 crore was spent in Mumbai alone, leading to high land valuations and inflated rates. Rates have to be maintained for all groups of buyers.
Q:
I am looking for a home loan (20 lakhs) from Bank of India. What are the processing charges and is there any administrative fees?
Latest Answer: Bank of India charges 0.55% on loan amount as the processing charge, if you take home loan up to 30 lakhs. There are no administrative or any commitment charges involved.
Q:
As we know that the secret of healthy living is a low carb diet same thing with the electricity consumptions. How can I reduce the consumption of energy in my home?
Latest Answer: It is a question of using our common sense, use CLF bulb which consume one third of the energy then regular bulbs. Always unplug the electronic items like television sets and switch off the lights when it is not in use as it consumes more electricity. This will help you enough to consume less energy.
Q:
Mumbai city is fast growing economically and in infrastruction. We pedestrains need safety and security. Therefore foothpaths are vital for Mumbai residents.
Latest Answer: I am staying in Mumbai and we are forced to walk on the road instead of footpaths because of crumbling footpaths and many people died on the city roads. If footpaths are upgraded, made pedestrain and disable friendly then the number of accidents will come down. So i think teh BMC has taken the correct decisions to make the use of pavement complusory.
Q:
Can home buyers register their property online? What will the process for registration?
Latest Answer: The State Cabinet is expected to discuss the proposal for amendment in Maharashtra Stamp Act to allow e-payment for registration fees. To make it simpler, efficient, and transparent and also to reduce the documentation involved in registration for the property buyer the State Cabinet has taken the initiative.
Q:
It came to our notice that a fire broke out in Mumbai due to faulty electric wire on Sunday. What did the fire brigade people do and was there any injury?
Latest Answer: Near New Parvel, Navi Mumbai a 14 storey building got fire on Sunday due to the faulty wiring in the building. There was no injury as the fire brigade officials put out the fire in time and about 40 people were protected by the officials.
Q:
The BMC is going to use new technology to repair the potholes and roads. Will the potholes and the roads remain the same during rainy season or it will get damage again?
Latest Answer: The Brihanmumbai Municipal Corporation is coming up with lot of new technologies to repair the potholes. The new technique name which will fill the potholes is 'Patch Master' which can be used even in water filled potholes. The civic body is going to experiment the technique in some of the roads. BMC is also deciding on other techniques to test road bonds like Wonder patch, carbon core, eco patch, kingjet patching machine.
Q:
Why is there a shortage of investments in real estate sector nowadays and property prices are on a hike when compared to previous year?
Latest Answer: It is nothing like that. People still invest in real estate. The only deterioration may be due to the economic slowdown worldwide faced in recent times.Foreign direct investments are also facing fluctuating business income. Real estate sector has now geared up and has a better plan for more profit and also to get more property buyers. Indian real estate market is all set to boom in the near future i.e, by 2012.
Q:
I heard that now Goa has become a garbage free state, Goa has overcome the garbage dumping problem, What steps has been taken by the Goa goverment to solve the garbage problem in the city?
Latest Answer: Before in Goa there was a problem of disposing garbage and the garbage was left unattended for years which was also harming the health of the citizens to get rid of the garabge problem people started buring the garbage which indeed was producing harmful gases,and the village folks will also not allow to dump the garbage in their backyard so the goverment need to make some plan to deal with the issue and it is said that the Goa State Pollution Contol Board has recently issued a notice to the Corporation of the city of Panaji to stop dumping wastes in the area, it is also said to setup a dry sorting station near Hira petrol pump.
Q:
I heard that Mumbai city is overflow with garbage on the main roads and left the city unclean even there is lack to dumping sites, Is it true that the BMC has put penalty on UPL, what is the reason for delay in work make the people suffer to the situation, what steps BMC has taken against the UPL to complete the construct of the dumping site and make it ready to the earliest?
Latest Answer: I am staying in Mumbai and as per the United Phosphorous Limited the construction was suppose to start by December 2010 and operated a landfilland composting plant which would convert the organic wastes into manure but still now the construction has not been started and the Mumbai city is overflow with garbage in the main road and left the city look untidy. The Brihanmumbai Municiple Corporation people decided to put penalty for Rs 50,000 each day till the construction of the dumping site is complete and it is ready to use. It is said that the constuction will get over within next year.
Q:
I have taken a home loan 1 year back and every month I am paying the installment fees. I just wanted to know whether I can pay before the scheduled date.
Latest Answer: Yes, you can pay your home loan before the scheduled date. But, it depends upon your bank which charges a fee for early redemption of loan. The fee varies from bank to bank i.e. between 1-2% of the loan amount being pre-paid.
Q:
How advisable is to invest in real estate funds?
Latest Answer: Real estate in India is always a good investment when we consider good appreciation in future. No doubt invest in real estate funds is good considering current trend in real estate sector.You will get good returns in future.
Q:
I am an NRI settled in California and interested in buying a property in Mumbai, India. What payment modes can I use for paying for the property?
Latest Answer: There is no restriction or condition on payment on buying a property. The normal banking channels are applicable.Some of the payment modes are Foreign Currency Non-Resident accounts in India, Remittance from abroad through normal banking channels, NRO accounts in India,Non Resident External Rupee accounts.
Q:
Recently I heard something about the cleanliness drive of the beaches by the municipal authorities of the city. What is it all about?? Will the drive succeed or it is just another news?
Latest Answer: Brihanmumbai municipal corporation is on a cleanliness drive of waterfront and beaches in Mumbai. The authority is planning to build more water plants to treat sewage before dispensing it into sea areas.This drive is set to collect untreated sewage from slums, residential colonies and also the industries which are being directly connected to the sea and raising the pollution level.
Q:
Can we Mumbai residents live without auto? Residents and the commuters in Mumbai city faced a tough time commuting around the city due to recent auto strike.
Latest Answer: Hats off to Mumbai police who had come to the rescue of the citizens providing police vans for the transportation
Q:
What are the necessary steps to be taken if the builder of apartment doesn't deliver the services that he promised while purchasing the flat?
Latest Answer: Most of the top builders always include a clause for compensation to be paid in case of delay in delivering the agreed services. They will have to pay you some amount of money every month for the delay. So, you should be very stern and more specifically ask about this clause while buying the apartment.
Q:
I am planning to take a home loan. What are the other costs involved while taking home loan?
Latest Answer: The additional costs involved are processing charge- fee payable to the lender on applying for a loan, pre-payment penalties- 1-2% of prepaid amount (if paid before the agreed duration), commitment fees, miscellaneous costs, registration of mortgage deed.
Q:
I have heard so much about Aadhar Card? What is it? Please give some details.
Latest Answer: It was established in February 2009 and it will operate the Unique Identification Number database. The Unique Identification Authority of India is part of the Planning Commission of India. Nandan Nilekani, a former co-chairman of Infosys Technologies, was appointed as the first Chairman of the authority in June 2009.Aadhaar is a 12-digit unique number which the UIDAI will issue for all residents in India.The number will be stored in a centralized database and linked to the basic demographics and biometric information – photograph, ten fingerprints and iris – of each individual.
Q:
I have bought an apartment from a renowned builder. The authorized approval was to build 7 floors but the builder is extending it and building 3 more floors. After asking builder, he told he will get approval from the authorities. Have I done something wrong in investing in such a property? Please help
Latest Answer: Please ask your builders whether they will get the approval. Ask for a written statement for a proof so that the residents do not get into trouble. If the building does not get approval then you can ask for your money back before possesing the apartment.
Q:
There is a small open space in front of my apartment and I plan to start a garden on my own. I am fond of gardening but do not want to use synthetic products. Any ideas on organic gardening?
Latest Answer: Organic gardening is gardening not using synthetic products like pesticides and fertilizers. You can make use of compost in the soil. Adding organic matter improves any soil's texture as well as attracting soil organisms that create nutrients in the soil.Many insects and larger animals are also considered beneficial. Select plants that are suited to your site conditions.
Q:
I researched the rates of apartments in Kamothe Navi Mumbai and got to know it ranges from Rs 2300 to 2700 per sqft area. Is it expected to fall in any way? Can I invest in any property in this location?
Latest Answer: The prices in apartment will remain unchanged in Navi Mumbai area as the demand for the area still remains the average and there is no downfall. Yes, you can invest in any property in that area.
Q:
Green buildings are eco-friendly buildings which consumes less resources. Green buildings have already been built in many cities, but not in Goa. When the concerned authorities will involve the green building concept in Goa?
Latest Answer: Thanks Jerome! Appreciate the kind remarks!
