Q:
Hi, I am about to book a flat in Innovative Petal at Marathahalli. I have few queries: 1. Any legal issues with property ? 2. How is developer (in terms of quality, alteration request, material, deliverable) ? 3. Any issues in taking a home loan with national Bank ? 4. Will it make difference of having railway track next to property while reselling ? Any feedback will be highly appreciated.
My replies to this discussion
I have already booked a flat.
1. There doesn't seem to be any legal issue, as project has been approved by many banks.
2. About developer, not 100% sure, but to my knowledge, it is good only. Regarding alterations, i am not sure, as I have still not requested any, but I think nothing will be for free..
3. no issues in taking home loan.
4. Reg Railway track, I dont think there should be any issue.. Instead there is an open space, lake, after that so it will be a good property with natural air and light benefits.
I have already booked a flat.
1. There doesn't seem to be any legal issue, as project has been approved by many banks.
2. About developer, not 100% sure, but to my knowledge, it is good only. Regarding alterations, i am not sure, as I have still not requested any, but I think nothing will be for free..
3. no issues in taking home loan.
4. Reg Railway track, I dont think there should be any issue.. Instead there is an open space, lake, after that so it will be a good property with natural air and light benefits.
Q:
I am looking for a flat around doddanakundi area.can anyone tell me the price that was finalized while booking a flat in innovative petals?
My replies to this discussion
Builder is too rigid in his pricing and negotiates only negligible. price currently that he is quoting is 3100 per sqft for block A and 3200 for block D. Plus 5 lacs for car park, bwssb, keb, and amenities, plus Vat 5%, plus service tax of approx 2.6% (25% * 10.33%). 2bhk flats are of 1269 and 1287 sqft.Builder is too rigid in his pricing and negotiates only negligible. price currently that he is quoting is 3100 per sqft for block A and 3200 for block D. Plus 5 lacs for car park, bwssb, keb, and amenities, plus Vat 5%, plus service tax of approx 2.6% (25% * 10.33%). 2bhk flats are of 1269 and 1287 sqft.
sorry, 3100 in block D and 3200 in block Asorry, 3100 in block D and 3200 in block A
Q:
Hi,I am planning to purchase 3 BHK apartment in D block of innovative but I am concerned about railway track running beside the project. Please let me know your views on this and builder is quoting 3100/SQFT . What do you think about rate? I think its on little higher side consdiering other near by builders are quoting same price and they don't have any issues related to railway track.
My replies to this discussion
Railway track may be seen as a problem, but the lake view is amazing from 2nd and 3rd floor... on the same sideRailway track may be seen as a problem, but the lake view is amazing from 2nd and 3rd floor... on the same side
Q:
Hi Did any of u check on how the Undivided share of land is calculated in this apartment complex? Can u post ur share if u know for a 2BHK/3BHK?
My replies to this discussion
Usually, it should be calculated as below
Total land area divided by Total super built up area (sum total of area of all the flats) multiplied by particular flat's super built up area.
For example
No of flats 128
Built up Area of Each flat: 64 flats with 1300 sqft each and 64 flats with 1600 sqft each
Total area of all flats: (64 x 1300) + (64 x 1600) = 185600 sq ft
Total Land area 64000 sqft
Undivided land share for 1300 sqft flat will be 64000/185600*1300 = 448 sqft.Usually, it should be calculated as below
Total land area divided by Total super built up area (sum total of area of all the flats) multiplied by particular flat's super built up area.
For example
No of flats 128
Built up Area of Each flat: 64 flats with 1300 sqft each and 64 flats with 1600 sqft each
Total area of all flats: (64 x 1300) + (64 x 1600) = 185600 sq ft
Total Land area 64000 sqft
Undivided land share for 1300 sqft flat will be 64000/185600*1300 = 448 sqft.
Formatting of the reply has not come as intended.
Formatting of the reply has not come as intended.
