Q:
Apollo Global had invested Rs 200 crore in the subsidiary that developed 53-storey luxury project in Mumbai's luxurious Worli locality.
Latest Answer: Yes Aveek,
A few funds have also entered into arbitrations with their developer partners given their stuck investments in the backdrop of slow property market in the last 3 yrs.
Q:
There may be separate RR rates for major cities like Mumbai, Pune, Nagpur, Aurangabad and others, which would give some relief to home buyers.
Latest Answer: @sankalp,
And in a reply to BJP MLA's statement, The revenue minister Eknath Khadse announced that the government will study the effect of the ready reckoner on the housing and property tax. But there will not be blanket increase in RR rate.
Q:
Credai has filed complaint with fair trade regulator CCI against cement manufacturers complaining manipulation in prices of construction material that have risen by up to 40% in last 2 months.
Latest Answer: In that way the cost of the flat increases. If the builders will get the cement or other construction materials at higher prices, they will increase the flat cost and common people have to suffer. We all know that the realty sector accounts for nearly half of the cement demand in the country. And the demand for cement has declined in view of huge slowdown in real estate sector.
Q:
Has anyone heard about this project? I am looking for the details about the project.
Latest Answer: The project seems to be a good and the approvals are also in place. Can you please share what all amenities are offered?
Q:
Within hours of rate cut announced by RBI, United Bank and Union Bank have reduced the benchmark lending rates by 0.25 % and 0.5 % respectively.
Latest Answer: But RBI has to be careful of the inflation expectations if growth picks up while the savers also need to be provided with sufficient real returns for the savings rate in India to rise and reduce confidence on foreign money for growth.
Q:
Do you think that 2015 is expected to be a happening year for the real estate sector?
Latest Answer: Well Tushar,
As each corridor passes through various existing industrial clusters, towns and cities, these are likely to become investment hubs.
Thus, once completed, the real estate growth at Indias hinterlands, connected via these corridors, will be exponential.
Q:
Hi...please advice if this project is good for investment purpose?
Latest Answer: Does SBI gives out loan when buying a 2 bhk flat in Navalakha ritz in Kharadi?
Q:
Is FAR of all places same? or they get revised?
Latest Answer: Witnessing the increase in projects and density of the population along the metro corridor which is planned between Noida and Greater Noida, the FAR will be increased.
Q:
Need to get your feedback regarding Mulberry County, Faridabad
Latest Answer: Possession date by 2016. Price at Rs 2975 per sq ft. Development of new Industrial Model Town has been proposed in the nearby region which would enhance the growth..
Q:
Hi..for better returns what is advisable, buying two low budget apartments or one high budget apartment?
Latest Answer: Chennai South....OMR particular....a good area to invest for sure..
Q:
Hi..what is the status of Nemmeli desalination plant in Chennai..??
Latest Answer: Yes Veena..Similar kind of plant is situated in Minjur, Chennai. It is being operated by Chennai Water Desalination Limited on DBOOT (design, build, own, operate, transfer) mode.
Q:
I heard that there is some new property tax being implemented for properties in Delhi. What is the tax for and how much is imposed? Give more details about it.
Latest Answer: You are right vivek.. Also , by the proposed tax, a buyer may have to pay income tax even on the current value which he or she has not paid. It is expected that real estate transactions in the country will reduce if this new Section 43 CA is introduced.
Q:
Hi, i m planning to buy a plot is DLF garden city. please share you experience if you have bought any property in DLF Garden city Hyderabad?
Latest Answer: I believe there are some groups planning to come up with plots in Moinabad. How are they for the location and what price should we be willing to pay.
Q:
How is the road condition in Bangalore? I heard that the civic body is not taking proper care of the roads.
Latest Answer: I am a resident of Kamanahalli and the roads in this area are in worse condition and need to be repaired on high priority. The government should certainly think about providing the citizens of Bangalore with better amenities – especially in terms of the roads. A BBMP officials said that they have already started with the repair work to some of the major roads in the city, and the work will soon extent to other roads of the city as well.
Q:
Is Telangana affecting Hyderabad residential market ? Can I invest money for some residential property in Hyderabad
Latest Answer: @ Vena..i would suggest you to invest somewhere around Hitech city. It is because developers are generally launching projects in or near Hitech city. Areas like Gachibowli, Madhapur, Kukatpally and Nallagandla are seeing more launches as compared to other parts of the city with increased property rates. For example the property prices in Kukatpally increased from Rs 3,136 per sq ft to Rs 3,168 in last quarter of 2012
Q:
How is the area along the Gurgaon-Delhi expressway? Are there good developments happening over there? Which projects are there?
Latest Answer: Top builders have been developing projects in Gurgaon. Raheja has recently launched project named Revanta in Sector 78, Gurgaon. Supertech has launched Supertech Araville in Sector 79, and it has planned to develop an integrated township of high-end luxurious residential units in Aravalis in Sector 79, Gurgaon. Spaze Towers Pvt Ltd has launched Kalistaa in Sector 84. Mapsko Group has launched Mount Ville in Sector 79, Gurgaon. Orris Infrastructure has launched Business Square, a premium commercial complex, in Sector 82A, New Gurgaon.
Q:
Need to know whjat is the launch price of this project? and what are the units size? When is the possession date?
Latest Answer: Can you just give me the details of this project? Mr Gupta? Because i am planing to invest within 3 to 4 months.
Q:
What are the price range in this project and what is the review of the builder. Do they have any other project in any other city
Latest Answer: Veena, they have 3bhk Villas : Sq.Ft. 1742 which will come till approx. Price 5.22 Lakhs , 4bhk Villas : Sq.Ft. 2452-3008, approx. Price 7.35 Lakhs-9.02 Lakhs . This is agood builder and reputed one and they are normally not dicey about their possession date. And other projects, are you looking in the same area?
Q:
With the increasing corruptions in every sector including real estate, what do you suggest would be a good idea to curb a bit of black money by these politicians?
Latest Answer: It is very much necessary to put an end to this malpractice which has been happening for ages and a transparent real estate portal should be created for the same.
This portal will have all the real estate transactions as well as property details. With this, one copy can be submitted to the income tax department and government can keep an eye on developers and earn good revenue.
Q:
What is the current status of this project. Also please let me know about the current price . Want to buy flat asap
Latest Answer: Hi Veena...this project is still under construction...bookings may be open. What type of apartment are you planning to buy..??
Q:
What is the price range of 2bhk apartment Bangalore?
Latest Answer: The price of 2bhk apartment in Koramangala starts from Rs 45 lakhs.
Q:
I heard that the housing in Gujarat may become costlier. What is the reason?
Latest Answer: It was also seen that the per square feet construction cost had doubled from 2009.
