Q:
Hi guys, i heard that Sewage treatment plant is coming up in Surat? Where is it being set up.. I think now we can hope that it will make the city garbage-free..
Latest Answer: The NMC had chosen 11 locations in the city and has received approval from the central government under JNNURM to build 16,000 houses for the project. However, the civic body has decided to construct 11,200 houses as per the availability of land. Construction work for 8,000 houses has already been started at various locations in the city. In February, the NMC had allotted houses to the beneficiaries at their housing project in Nilgiri Bag.
Q:
Hi, I am planning to buy an apartment in South Delhi region. Can someone suggest me if there is any. Is it wise to invest there? How is the realty market in South Delhi?
Latest Answer: Builders incur loss due to longer holding time for their projects which are up for sale. As the units are usually quoted at higher rates, they will have to hold on for many months and that will block their investments. Therefore builders opt to reduce prices. Adding to it, a number of developers have entered the realty estate of Delhi and there are too many projects.
Q:
Hi, I am looking to buy an apartment on golf course road. kindly suggest me some good upcoming projects and what is the prevailing price in the area? What will be the impact of upcoming metro on my purchase?
Q:
There are so many projects coming up and many projects which were already under-construction are delayed. Is there so much demand for housing in India? What about the future of delayed projects..
Latest Answer: Hello everyone, the data from the real estate sector is not being compared and analysed properly by the Indian government and the concerned authorities and that is why this demand-supply imbalance is happening in the realty sector. However, an increase in supply of new residential units later this year is likely to alter the prices of both under-construction and ready-to-move-in properties.
Q:
Hi all, I need your suggestion. I own a big house with 6 bedrooms. It is our ancestral property which is quiet old now. There is a builder who I know, he has offered me that if I agree, he will demolish the house and develop an apartment community and he promised to give me few of the flats. Land will be in my name only. What do you say? Is it better to do that or is there any problem with it..
Latest Answer: Sagar, even when builder gives you the flats once they are ready, before taking possession you should check that all the taxes have been paid and there are no pending dues. No building violations must ever be mentioned in the agreement. Once the proper verification process is completed, only then you give General Power of Attorney to the developer.. Finally, the builder will have to set up an apartment owners association and formally hand over the building to the association. The clearances and documents should be handed over to the association as well. A formal agreement and hiring a lawyer is essential when a landowner is allowing a developer to develop his plot.
Q:
Hi, it was said that a new expressway will be built between Delhi and Chandigarh. But nothing was done in this regard. What is the status of the plan now?
Latest Answer: Hi Sagar, now Delhi Chandigarh expressway is cancelled but an expressway is coming up to link Delhi and Ludhiana.. The Center is also working on the Delhi-Jaipur expressway.
Latest Answer: Many developers and influential people have bought land in aravali forest region because it is in proximity to the Gurgaon-Faridabad Highway.. also govt is planning to set up of a mega tourism complex. they have assumed that there will be good realty boom and land rates may go sky high.. But as per rules, if the land has to be used for any non-forestry purpose then it is mandatory to get approval from the central government.
Latest Answer: Yes Sagar, till now the plan is the same. Recently the government launched redevelopment plan for Sector- 5 of the Dharavi slums and the total value of the project is around Rs 5,000 crores. After which they nod the proposal for the redevelopment of chawls in South Mumbai. The purpose of redeveloping chawls is to provide double the size of their existing dwellings.
