Q:
I have booked a flat in Dum Dum area, Kolkata, 7 months ago paying 20% of the sale value. At the time of booking I was informed by the developer that the land is not converted (from agricultural to residential) and also no mutation has been done from BLRO. However, I was informed that these would be done in due course of time and before I apply for housing loan with banks.
The status right now stands that the mutation has been done but conversion has not been done and the developer informed that he will not do so and I have the option to cancel the booking. Also, when I approached banks for housing loan, reputed banks like SBI refused to provide loan in the absence of conversion papers. However, there are some banks and financial institutions which are ready to provide loan without conversion papers and some have in fact already approved the whole project.
Now the question is: 1) Is it advisable to go ahead with the property or cancel the booking?
2) If I go ahead with the property, would there be a problems in future (like for flat registration, flat mutation or anything else you are aware of)?
3) In future will it be possible to resale such property without any problems?
Latest Answer: Hi everyone,
I am planning to invest in this project. Is the project got approval from the local body? When is the possession date according to developer?
Q:
Hi! What is the average capital as well as rental value of commercial space in Rajarhat? Why the Rajarhat, Kolkata real estate market in huge demand today? What is the factor behind it?
Q:
Hi, Everybody, I am looking to buy 2BHK apartments in Gangetica on GT Road, Chandan Nagar, Hooghly. Can anybody provide me the details of this project?
Latest Answer: ok, tell me one thing that when is the project going to complete and how many residential units are going to built? How are the basic amenities that make this project huge demanding?
Q:
Hi, I am looking a land in Alipore. What is difference between the price range of Alipore and New Alipore ? Which one should be better for buying purpose?
Latest Answer: It all depends on your budget. Alipore is one of the most well known residential addresses located in South Kolkata. The region is well connected to all parts of the city and at a stone throws distance from all commercial city centers. The prices in Alipore are quite steep and the prices in New Alipore offer a relatively cheaper option for the budget spenders. Both the areas are very good choices and have their own strong points. Depending on your budget you can choose between the two. The price in New Alipore ranges between Rs. 8000 to Rs. 11500 per square feet.
Q:
Hi, i m looking to by an affordable property.Got to know about Godrej Prakriti. I want to know the exact present privefpr a 2 bhk apartment and what are the possession dates for the 4 different phases of this 22 acres big project?Hii m looking to buy an apartment for end Use is Kolkata. Kindly suggest me good residential projects giving possession by the end of 2013.
