Q:
The Bombay Parsi Punchayat won a major pardon when the charity commissioner removed its stay on allotment of flats to deserving community members.
Latest Answer: Now, as per the BPP trustee, priority would be given to those who have no accommodation or like a family residing in a notorious red-light area of the city. They are not in hurry and will first frame a transparent, open housing policy for that.
Q:
The BMC has told builders to purchase the software and check their proposals.
Latest Answer: It's big relief for the builder as well as for the flat owners who always stuck with their heavy amount in a project. Builders will now have to submit files online, a copy of which will go to departments concerned, and they have to issue NOCs within 7 days. Builders will be informed about it through an SMS or email.
Q:
The company plans to invest around Rs 1000 crore over the next 2 yrs. for acquiring distressed assets and entering joint development agreements to increase its portfolio.
Latest Answer: Right Joy,
Sunteck Realty is a brand name in the Mumbai Real Estate market and they are primary deals in premium luxury residential segment. Now, company is exploring opportunities in the redevelopment field.
Q:
The Maharashtra Government appears to be in a suspense over appointment of a regulatory body.
Latest Answer: Hi all,
I am requesting you all the buyers and investors not to buy or invest in real estate till the regulator is in place either from center or state.
Q:
As per the plan, Piramal Enterprises Limited will carve out its financial services business and merge it with IL&FS in an all stock deal to create about Rs 15000 crore company,
Latest Answer: Right Dhiraj,
Such deals will continue in both financial services and infrastructure by the company to enable better net worth in operating companies. A merger of this size will give IL&FS enough capital from Piramal for future growth.
Q:
Which are the tricks a real estate agent play during visit the project?
Latest Answer: Bilkul sahi kaha bhai log.........All that Glitters is not Gold.........
There are millions of people in India, who are dealing with legal issues today because the land they bought is disputed, the required sanctions were not taken and many other issues. So just don't feel shy about asking legal documents. There is no hurry in doing the agreement.
Q:
The Maharashtra Govt. will soon come up with a new policy that will make it compulsory for private builders to transfer a certain housing stock to Maharashtra Housing and Area Development Authority.
Latest Answer: It is because, MHADA and some other govt. agencies have a limit on construction of houses as it becomes financially not useful for them who are beyond a certain limit. Thereby, the govt. wants the participation of private builders to ensure affordable homes to a large number of people.
Q:
Inventory outrun will continue as stability holds the residential real estate sector.
Latest Answer: Hope so......because the report shows that Mumbai, Bengaluru and Noida account for the largest unsold inventory, making up to 60% of the total unsold inventory across cities. Out of this, Ahmedabad has the largest 15% ready-to-move-in unsold inventory.
Q:
When are they giving possession for Oberoi Prisma, Andheri East?
Latest Answer: Mumbai is among the most congested spots on the planet, with a foundation that scarcely figures out how to adapt the quantity of occupant. There will be an immense interest for properties taking after tremendous speculation and I think one must visit this site for data identified with land on propsurf
Q:
Brookfield plans to set up $500 million real estate trust in India.
Latest Answer: But i think we should be optimistic towards any new initiatives......
India has potential. The top 7 cities of India together have more than 400 million square feet of operational office space, This is expected to grow by approximately 25 million to 30 million sq-ft. annually. Of this office stock, more than 150 million sq- ft will be ready for REIT listing,
Q:
If we talk about luxury home in Mumbai, the amenities offered are over-board but the quality and range available have actually attracted buyers from around the world to invest here.
Latest Answer: Hello,
I am Pavitragroup. we provides New modern flats, Luxury flats, lifestyle apartments, New Happy Homes in Igatpuri at affordable cost. Our new flats in Igatpuri has its own aesthetic look and prevailing design.
For more Info Please get tuch with us..
contact :
Phone : +91 94 22 943 696
E-mail : contact@pavitragroupigatpuri.com
Please visit : http://www.pavitragroupigatpuri.com/
Q:
What is the present per square feet rate going on at The Orane and when is the possession?
Latest Answer: Will it be a good idea to buy an apartment in Wadgaon Sheri?
Q:
As I am planning to book a flat in this project, can somebody let me know what are the documents required from the builder before taking the possession. Can somebody help me out with the check list.
Latest Answer: Ok. Thanks for the updates. May I know what are the units available in this project and the price? Is the project being approved by concerned bodies and which are the banks are offering loans since I am looking to purchase a flat in Reliable Balaji Aanchal.
Q:
I am planning to go for a flat in this project. What are the extra specifications available in the flats??
Latest Answer: Mr Jerome,
Is the project has been approved by concerned authorities and which banks are lending loans for this project?? Can I expect a good appreciation value say in about 5 years from now.
Q:
Can anybody tell me more about Dhanshree Sankalp. When is the possession of the same???
Latest Answer: Hi,
It is the first planned suburb of Mumbai and is situated to the south-east of the Sanjay Gandhi National Park. Several reputed companies have their offices in Mulund East including Glaxo, Hoechst Wellcome, Johnson & Johnson, Richardson Cruddas, Bombay Oxygen, Merind, Chicago Pneumatic, ACC, Agfa & Gabriel. Major roads located close to the area include the Mulund-Airoli Bridge Road, Lal Bahadur Shastri Road, Eastern Express Highway and Thane-Belapur Road. The locality is served by the BMTC Buses as well.
Q:
Hey, Did you hear that the future of Mumbai lies in redevelopment.
Latest Answer: Hi Anuj,
Though practically it looks to be task cut out for the Govt, because there are more than 5 lakh units which still need to be redeveloped apart from 1600 ch awls which have been redeveloped in last 23 years. In this rate it will take close to 200 years to redevelop Mumbai to world class city. Hmmmm. Lets C what happens.
Q:
Would like to know when will the builder give possession for this project??
Latest Answer: Hi Suresh,
Would like to know how good is the locality for investment??? Are there any chances of price going up in terms of appreciation. Do let me know as i have plan of buying a property in Ghodbunder Road.
Q:
Hi I am looking for long term investment in Mumbai. Which area will be a good option for long term investment?
Latest Answer: A 2 BHK apartment in Parel has a rental value between Rs. 60,000 – 1 lakh. A 3 BHK apartment would fetch a rental value of Rs. 1 – 4 lakhs. A 2 BHK apartment can be purchased for Rs. 2 – 4 crore while a 3 BHK flat would cost between Rs. 6 – 8 crore. The property values in Parel range between Rs. 30,000 – 35,000 per sq.ft.
Q:
What is the status of construction? When is this township project getting completed? Is it worth invest in?
Latest Answer: Hello guys, Please tell me when this project will be completed?
Q:
Hi I'm Planning to invest in Ulwe, please share with me the upcoming projects in this area and also what are the future prospects of investing in Ulwe?
Latest Answer: Is it the write time to Buy property In Ulwe or shal I wait for some more time?
Q:
I’m living in an apartment without the occupancy Certificate. I have been running for last two years to get the occupancy certificate. I have been to layers, builders, concerned government authorities and have also filed complaints but still have no occupancy certificate. Please advice how can we avoide bein in that same situation as the Worli’s Campa Cola residents are?
Latest Answer: OC is mandatory for any builder before he allows people to take possession of the property. This certificate was made compulsory by the BBMP to ensure proper construction in the city.The occupancy certificate is obtained at the end of the construction. Once the builder applies for the certificate an inspection is done to check if the construction has happened according to the sanctioned plan.
Q:
I heard that there is a new policy that has been drafted on Cell phone towers in Mumbai. Any idea what is it? Will it be advantageous for the residents?
Latest Answer: The new policy says that at least consent of 70% residents of apartments in Mumbai is necessary to install a tower. Also, a certificate of structural stability will be required from a licensed structural engineer. Furthermore, if the building is more than 30 years old, then a new structural certificate has to be sanctioned after every five years.
Q:
Who is going to maintain the expressways in Mumbai?
Latest Answer: The BMC is one of many civic agencies in charge of maintaining the city’s roads including the PWD, Mumbai Metropolitan Region Development Authority (MMRDA), Mumbai Port Trust and the Maharashtra State Road Development Corporation.
Q:
Is there any chances of rise in Mumbai property price in near future or it will remain stagnant?
Latest Answer: Yes it is expected that there will be rise in property price because now for residential buildings FSI will cost 60 percent of the ready recknor rates and for commercial buildings, builders will have to pay 100 percent of the ready reckoner rates.
Q:
How much of the construction work got over? When is the project going to get ready as it was about to get over by 2011?
Latest Answer: Yes, The Navi Mumbai Municipal Corporation promised to complete the project by March 2012. It is expected the project will solve the water shortage problems in Mumbai.
Q:
I recently read builder using extra FSI. But already these builders are using FSI than approval provided to them. Builders misusing FSI with those free spaces like parking, flower bed and balcony space. Will there be any regulation to control these misuse?
Latest Answer: State Govt has been working for controlling such misuse. If they misuse the free spaces, builders have to pay 100 percent on any 25 percent additional FSI they are allowing in the project. If someone has any update on the same please share with us too. Thank you.
Q:
Is poor infrastructural development in Mumbai a reason for going down of the realty? Is there any solution to improve real estate sector in 2012?
Latest Answer: Yes one of the reasons for down or fall in Mumbai realty can be blamed for poor infrastructural development in Mumbai. But real estate Mumbai foresees 2012 with great expectations. According to sources, many real estate experts gave their views on how to develop the infrastructure in Mumbai such as visible infrastructure projects like metro project, areas need immediate attention, the railway and roads need to be improved and the number of flyovers need to be increased etc. Timely completion and faster implementation of flyovers, Monorail, Metro rail and the various links need to be completed fast as it adds to the grievances of the people in terms of infrastructure projects.
Q:
Is our Mumbai City is having highest number of unsold flats comparing to other cities in India? Why?
Latest Answer: According to real estate consultant, Mumbai is having highest number of unsold flats. The reasons for these are many such as the slump in the realty market, less buyer interest or builders are not lowering the rates etc.
Q:
Is SBI home loan sales declining? What the SBI official going to do regarding the drop down of the sales in home loan?
Latest Answer: Significant contribution to home loan volume by Mumbai and NCR is the main reason for the decline in number. According to experts, the SBI officials are planning to push the home loan sales up and if they are not able to do that then the upcoming financial year will also have to face the same pathetic condition.
Q:
I heard that the municipal garden which was almost dried out was transformed into urban paradise. Who took the initiative to transform the open space into a paradise? How long it took for the transformation?
Latest Answer: The initiative was taken by the Urban Park Residents Association to transform the dried out open space into a paradise. Around 1.18 crores was spent on the development for the garden. It took two years to complete the whole work of the garden.
Q:
Why is it necessary that the extra floor FSI need to be approved by the housing society?
Latest Answer: The Bombay High Court order the housing society to approve the extra floor FSI even if the land is not registered also. Nor the builders neither the landlords are given the rights to approve the extra floor FSI. Any changes in the layout plan is not allowed without the permission of the current flat buyers.
Q:
How much money the builder had to pay for fine? Why there was a delay in the delivery?
Latest Answer: According to sources, the builders compensated with Rs 50000 by the builders for the late delivery of flat. The Consumer forum found that the builders was facing some financial and mental problems. Even it was found that the building was a faulty construction and there was lot of leakage and seepage problem as well.
Q:
Which are the two building in Mumbai that were demolished? What is the reason for the demolition drive in Mira Road?
Latest Answer: The two flats are Ashirwad Manzil and Ashirwad Prem which were being demolished. The reason for demolition is the two buildings were illegally built on the land alloted for community hall and civic school.
Q:
What is the reason that the real estate of Mumbai need to be renovated?
Latest Answer: It is traced that crores of real estate deal is bouncing in the hand of the builders encouraging illegal constructions and transactions due to which lakhs of houses in the city remain unsold. So the authority decided to renovate the real estate of Mumbai.
Q:
I heard that to rent a house or flat in Mumbai you have to impress the society members. Is this legally done?
Latest Answer: No this is absolutely illegal and the society members have no right to interfere once the owner gives his permission.
Q:
What is the reason that the Andheri Flyover blocked for five months?
Latest Answer: Mumbai is soon going to welcome its first metro line with a span of next five months for which the Andheri Flyover is blocked.
Q:
What is the reason the Mumbai is lacking its greenery?
Latest Answer: Now-a-days Mumbai is full of huge buildings, pollution and prolonged traffic. Mumbai was ranked as the last among the eight cities for losing its greenery and even the city is losing its open space also.
Q:
Whom to blame for the worsen civic maintenance in Mumbai?
Latest Answer: It is the residents and the Brihanmumbai Municipal Corporation who are to be blamed for the situation. Neither the residents bother to dump the garbage in the right place nor the municipal corporation is taking any initiative to clean the garbage regularly.
Q:
I heard that NIMZ is going to expand its township. Where are they planning to expand?
Latest Answer: The government of Maharashtra is going to set up its first large industrial manufacturing zone called National Investment and Manufacturing Zone in Vidarbha Pune. The government has also identified lands in Nagpur and Amravati.
Q:
Why is there shortage of skilled laborers in the realty sector?
Latest Answer: There is a huge crisis for skilled laborers like architects, civil engineers, designers and planners in realty sector. The main reason is that half of the students are opting IT jobs rather than core civil engineering jobs.
Q:
What is happening in the real estate market before few days the property price raised so high now how come the rates came down?
Latest Answer: According to Maharashtra Chambers of Housing Industry the sudden price correction is just to sale the property that has remained unsold for long time.
Q:
What is the reason that the residential property prices getting too expensive day by day in Mumbai?
Latest Answer: The developers are trying to give best of the best amenities even in the small flats and there is also shortage of land for which the residential plots are inordinately raising.
Q:
Why was the Tavaa restuarant demolished by the Brihanmumbai Municipal Corporation?
Latest Answer: It was traced that the restuarant was selling lethal weapons in the city so the Bombay High Court had passed a stay order followed by this BMC demolished the the restuarant.
Q:
Is there any time limit for the tax payer to pay the tax? What if the tax payer is not paying the tax in time?
Latest Answer: Hi Hitesh and Meghna!!!
I think the decision to hike stamp duty is very important for Nagpur Metro Rail Corporation Limited (NMRCL) as it will get half the revenue generated by levy of the 1% surcharge. The remaining 50% will go to Nagpur Municipal Corporation (NMC) or Nagpur Improvement Trust (NIT) depending on whose land the property lies.
And secondly, this revenue will help NMRCL in repaying the 500 million Euro loan it has taken from German government agency KfW and the under consideration 130 million Euro loan from Agence Francaise de Developpement (AFD), a French institution.
Q:
It came to my notice that now the flat buyer need not have to pay extra money for the car parking. Is it true?
Latest Answer: According to the Maharashtra Ownership Flats Act parking plots are the part of common areas and facilities. Even Consumer court has also ordered that developers cannot charge extra money for parking plot.
Q:
I was planning to buy a house and was waiting for the price to go down. Will the price go down in near future?
Latest Answer: As per the research done by the one of the real estate firm it is found that almost all the properties in Mumbai is owned by the real estate investor. So it is un-predictable regarding the property prices. If you are waiting for the fall in the property price then you will keep on waiting.
Q:
Can any one tell me for what reason Larsen and Toubro was awarded?
Latest Answer: Larsen and Toubro has been awarded because of their successful completion of the slum rehabilitation project in Mumbai.
Q:
From many years the sewage plant was left unattended and non-functional in Worli. Why is the municipality not repairing the sewage plant?
Latest Answer: Do you know that the Brihanmumbai Municipal Corporation is planning to invest money for the repair and maintenance of the machinery.
Q:
How they are trying to raise the share liquidity? Has the share price increased till now?
Latest Answer: In every quarter the realty firm pledge more shares to bid to raise their liquidity. In a survey done by one of the bank it is found that the shares has increased from 9.1 percent to 9.5 percent during June to September.
Q:
What is the reason that green clearance in Mumbai getting delayed?
Latest Answer: MCHI has put up the issue in front of the Union environment minister Jayanti Natrajan to get the case solved.
Q:
Which are the areas that will have water cut? Why there will be water cut in the city?
Latest Answer: In areas like Khar, Santa Cruz and Bandra the water supply will be suspended for two days. The reason for the water cut is that the BMC had decided to replace the pipe lines.
Q:
I heard that a property area in Central Mumbai was sold for Rs 6.5 crores. How the property prices rose so high?
Latest Answer: Central Mumbai location has become the prime location only because it is accessible from other areas of the city. The area has a close proximity to quality healthcare, retail and entertainment.
Q:
Is it true that there will be a tallest building in Nagpur? Can anyone give some information about the new project?
Latest Answer: New under construction buildings are at Medical Sq. by Tata named Capitol Heights. It includes tall buildings of 22 floors, may be these will tallest in Nagpur
Q:
Is it true that the company (Ajmer Realty) has raised the prices of the land?
Latest Answer: As far as I know the CFO of Ajmer Realty denied any raise in the land price.
Q:
Is it true that the sale rates have fallen and the property prices have risen in Mumbai?
Latest Answer: According to experts, there was a rise in inflation, higher interest rate and increasing construction cost which lead to a jaw- drop in real estate sector.
Q:
What is the reason that realty sale going down in Thane?
Latest Answer: The real estate prices and mortgage rates raised loss in rate of interest for which the home buyers have drop down the idea of buying property.
Q:
Can any one tell me how much they are planning to invest and in which cities? Will it lead to price hike in the real estate market?
Latest Answer: According to sources, Hiranandini Constructions is going to invest 2000 to 3000 crores in cities like Pune, Mumbai and Chennai. The developer assures there will be a 10-15 percent hike in the Real Estate market with this investment.
Q:
Why the government of Maharashtra opposing the land acquisition bill? What is the problem?
Latest Answer: The government is opposing the bill because they think that the norm will harm the industrialists as well as the farmers. The bill denies state's role in acquiring land for industrial purpose.
Q:
Can anyone tell me about the controversy of parking space in Mumbai?
Latest Answer: From what I understand, it seems the former CM had made a policy for parking floor space that was builder driven and not favoring the public. This has forced the BMC to take action to amend the policy framed by the municipal commissioner.
Q:
We the property buyers paying lakhs of rupees for properties. But builders are taking advantage by selling illegal buildings. Why the civic body is not taking any action against the illegal buildings and the builders?
Latest Answer: Actually, property buyers have lodged complaints against the illegal buildings, but the civic officials issue a notice to the developers but bury it later. Some developer’s show fake occupancy certificate and commencement certificate to the buyers, and the buyers have no idea about it.
Q:
I have a flat in Mumbai, we do not stay there but my daughter who has completed her MBBS and wants to open a clinic for practice. Can a residential flat be converted to clinic or it is better to buy a shop? Please advice.
Latest Answer: no you can't convert ur flat a clinic.
Q:
One of my friend approached me to buy a property in which he was residing from 2001, the power of attorney is in my name but the power of attorney is not registered and just notarized. We did the tenancy to ownership deed with an amount of Rs 1 lakh and he also gave me an unregistered declaration of the balance amount which he had to pay me. But now he is telling that he has not signed any papers and not agreeing to pay the amount. What steps can I take against him?
Latest Answer: If you have already registered the tenancy to ownership deed with an amount of Rs 1 lakh, if the balance amount is not mentioned in the Sale deed, then you can hardly do anything.
Q:
I am planning to sell my flat which is in Mumbai, as I am currently staying in Pune with my family and wanted to buy a flat in Pune. Can anyone tell me whether it is the right time to buy a flat in Pune? Will there be any correction in Mumbai in future or should we sell the flat soon?
Latest Answer: The effects are general due to recession there some pressure on the rates which may continue for little more time. Muland is one such area which is less effected. Again it depends on the area in which you want to buy a flat. It is a better option to see how much best offer you get in Muland and take the benefit of recession at Pune.
Q:
Is it a good decision to buy a flat in Dombivali for an investment purpose and what are rates in Kumberkhan Pade? Please suggest.
Latest Answer: It is seen that the rates of flats in Dombivli area has almost gone for double from 2500 to 4500 per sqft in last few months. The rates in Kumberkhan Pade starts from 3250-3900 per sq ft depends on the quality, age, locations and facilities.
Q:
It is found that buying property will get simplier. How is that possible and what are they planning to do to make it simpler?
Latest Answer: The State Cabinet officials are planning to setup e-payment to simplify the property registrations and make it more efficient and transparent. The Officials said that a move to permit online registration of properties was under consideration.
Q:
I shifted to Mumbai and after that I booked a flat but due to some reason the builders cancelled my booking and now again I am searching for a flat but I do not think I can afford buying a flat in my preferable place now as the rates are so damn high. Please advice.
Latest Answer: Hi Ramesk, I totally agree with you as I am also searching for an apartment. Recently I went to do a survey for an apartment the builder first quoted me 14,500 for 3bhk. After 2 weeks when I went to book it the price raised to 15,000 psqf after i discussed with my family I went to the builder for the final settlement that time the price raised to 16,000 psqf. No one seems to pay any heed in the frequent increase in the prices.
Q:
I heard that the BEST has launched a new bus services in Mumbai. I want to know more about the new services. Which are the routes and where are the stops provided?
Latest Answer: It is really a good news for the Mumbaikars as the new bus services provided by the Brihanmumbai Electric Supply and Transport you can travel at any stop by paying just Rs 5 or you can take pass worth Rs 250. The buses service are available in weekdays including Saturdays from 8am to 9 pm. It will cover two routes. Fort Ferry 1 will start from CST depot and travel through GPO, Fort market, Reserve bank, Old Customer House, mantralaya, Vidhan Bhawan, NCPA, Churchgate Station, Hutatma Chowk, Khadi Bhandar and back to CST and the Fort Ferry 2 will go in the same route but for opposite directions.
Q:
Why they rejected the proposal before? Will the pipeline cover the Pali Shriiley Ranjan Road Mumbai?
Latest Answer: The Western Railways official first rejected the proposal because the pipeline involves laying beneath Pali Hill railway station. The Western Officials said that the construction of the project will include digging which may lead to cave ins which would disrupt the life of the resident. But after holding the proposal they finally agreed because the pipeline will carry all the city waste to the sea. The pipeline will run from Pali Shriley Ranjan Road onto Carter Road and will end at the sea.
Q:
What is the reason that the rates of the lands in Mumbai is touching the sky?
What makes these companies Mumbai as favourite commercial place and whether availabilty of land is as per demand?
Latest Answer: The population of Mumbai is increasing at an alarming as there are ample of job oppurtunities. Moreover transportation by rail, air or road are very much effective. South Mumbai is known as the commercial hub will all the major national and multi national companies for which the near by area has become the prime residential location in Mumbai. The reason why the rates of the rental in that particular area have become high is that the demand is high but the availablity is less which lead to a overflow in the infrastructure.
