Q:
What is the difference in formula for calculation of Maharashtra Ownership of Flat Act (MOFA) based carpet area and Maharashtra RERA based carpet area with regards to new residential flat in Mumbai?
Latest Answer: According to the RERA, carpet area is defined as the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment. A similar provision exists in MOFA with the difference that the percentage prescribed is 20 percent in place of 10 percent in RERA.
Q:
As per Finance Minister Arun Jaitley, multiple institutions are required to meet the funding requirements in this area.
Latest Answer: Dear Mr Bhoite, Can I get your No. You can mail me at smita.sonawane6@gmail.com and prashant.sonawane38@gmail.com
We will form one group of all the members who have booked their flat in D B Reality. Its almost 7 yrs now the project is delayed and getting no response from the builder.
Q:
KKR India Asset Finance Pvt. Ltd. has invested about Rs.700 crore in Gurgaon, Bengaluru and Mumbai projects in back-to-back transactions.
Latest Answer: Thanks Bashir and Aruabha,
Can you give me the brief idea about KKR India Asset Finance? When was the company came into existence?
Q:
The Bombay high court on Monday fined Janhit Manch and the developer of Palais Royale for one of the largest residential projects in the island city.
Latest Answer: Yes, and the court punished both parties saying that the CJ is the master of the roster and moving for review of his administrative order is not the law. The developer's advocate accepted that it was an "error". The judges told that due to the NGO's conduct, the developer's petition could not be taken up for hearing. They let the NGO's plea to be withdrawn and posted the hearing for December 14.
Q:
As per a local NGO, Mira Bhayander Municipal Corporation (MBMC) has failed to control illegal constructions within its civic limits.
Latest Answer: This is not happening in the first time. Almost all the cities of the nation facing such issues but this issues highlighted because of the local NGO. But tell me how many localities or cities have NGO like that. You will get such kind of construction almost every town and city.
Q:
Hi, please give price details about this project???
Latest Answer: Check out the blog compiled by Kin Housing about celebrity homes
Q:
With the scheduled opening of the metro link , the mumbai realty market is to see a change.Discuss!
Latest Answer: Implementation of a chain of surface transport infrastructure projects in the Mumbai including the Jogeshwari-Vikhroli Link Road, the Santacruz- Chembur Link Road, Wadala-Chembur Monorail and now the Versova-Andheri-Ghatkopar corridor would further add fuel to the already floating realty market of the city.
Q:
How is the real estate market and how good is the locality for investment purpose? Need expert advice?
Latest Answer: Hi Ravi,
Hey looking for a flat in this locality. Can anybody let me know some good projects coming up in this locality as my budget range from 60- 80 lakhs.
Q:
Can anybody tell me when was this project launched and its completion date as I have plan of booking a flat in this project.
Latest Answer: The construction has not yet started
Q:
I am planning to buy a flat in Kul Radiance. What is the present rate the builder is charging per sqft?
Latest Answer: Hi Sunil,
Since it is an ongoing project and will be completed in about 2 years time, the OC will be issued by the builder at the time of possession and not before that. When you are ready to occupy the flats, you can approach the builder for getting the OC which is mandatory to obtain as per the latest property act.
Q:
Planning to book a flat in this project? What are the amenities and specifications available? Do let me know about it?
Latest Answer: Hi I am interested in buying a flat in Nathani Heights. How well is the connectivity and infrastructure services available from this place to other localities as I am new to this city. Please help me out? Presently staying at rented accommodation in Grant Road.
Q:
Can some one tell me when are they going to handover the project?? Has it got all the required approvals?? Please do let me know about it.
Latest Answer: Hi Kishore,
May I have some details about list of good housing projects coming up in Ulwe as I am planning to buy a flat for investment purpose. Whats the appreciation trend that is prevailing in Ulwe and can I expect a good return in about 5 years time if I invest now?? Your advice will be highly appreciated.
Q:
It seems that there is a high demand for affordable housing in metro cities.
Latest Answer: Hi Shantanu & Rakshit,
At the same time Housing Minister Prakash Mehta recommended a decrease in FSI-TDR rates to make land available to developers in return for a specific percentage of free homes to the government, which could be sold at low prices to the poor classes.
Through this, the govt could eliminate its Rs.350000 crore financial debt pressure got from the past program.
Q:
When is the builder giving the possession??
Latest Answer: Hi Arup,
Looks like the amenities offered are wonderful. How is the connectivity from the site to other places in Navi Mumbai and Mumbai. Are there efficient bus services available to this place since I am dependent on public transport for commuting.
Q:
It seems that 1 BHK properties are high in demand in Marol in Andheri East.
Latest Answer: Yeah Moreover Marol also boasts of well equipped social infrastructure. There are many schools and hospitals in the locality. Apart from this, the area also has enough facilities for the foodies which is why the area is so much in demand for 1 BHK.
Q:
What are the flats available in Tata Gateway Towers and when will be the possession given??
Latest Answer: Hello Ramesh,
Can anybody let me know about list of some good schools located in and around Tata Gateway Towers so that it will be easy for my kids to commute as I do not want to send to distant places as we are working couples and hardly find time to drop our kids to school.
Q:
Can somebody let me know about the Ghodbunder Road locality in Thane west??
Latest Answer: Hi,
I am planning to sell my 2 BHK flat located in Ghodbunder Road. What are the basics of any sale transaction I must know? What clearances from the buyer should I be aware of? What will the housing loan company look at? Is there a checklist?
Q:
Looking for investing in a property in Vartak Nagar?? How good is the locality for investment purpose?? Do suggest??
Latest Answer: Hey Mr Ravi,
The present price prevailing in Vartak Nagar is Rs. 9800 per sqft. Seeing the current scenario, looks like prices are going to gain momentum in near future and one can expect a good appreciation value for ones property. Beside good connectivity and being away from hustle and bustle of Mumbai city, the price appreciation of this locality in the future might be very good.
Q:
How is the location of the project ? Which all units are available in this project ??
Latest Answer: Hi all,
Though people have mentioned that it is highly overpriced, to me it seems in line with the other projects. 16 CR is the all inclusive cost of 2BHK. This includes the stap duty , registration, VAT, service tax, advance maintenance of 18 months, one car park. Putting roughly 20 lac for all these, the cost comes to 1.4Cr which makes it 14000-15000 per sq ft.
But the high maintenance and water non availability plus shared facility with MHADA is a definite negative for this project.
Q:
I read somewhere that Siemens has entered competition for Mumbai Elevated Corridor. Is that true?
Latest Answer: Which are the areas the Mumbai elevated Corridor will pass through?
Q:
How is the real estate trends in Worli, Prabhadevi and Dadar West?
Latest Answer: Some other contributors to the rising demand are the proximity of the localities to Chhatrapati Shivaji International Airport and Railway Terminus, which can be reached in less than half an hour. Dadar west has close proximity to the western and central railway lines. The western railway is about 800 mt away and the central railway is just one km away. This makes the locality well-connected to Mumbai, Thane and Navi Mumbai.
Q:
Hi, I am looking to buy a property in Ansal town. Please share with me the availability and price details?
Q:
Hi. How about this project? does some one have any details about it? please share
Latest Answer: @Shrikant,
But when civic staff visited Versova beach for a survey 6 month ago, fishermen obstructed the work saying they would not allow the construction of the bridges. These bridges would be extremely useful in case of emergencies and a benefit students from Madh and Manori who have to cross over to get to school or college.
Q:
What are the future prospects of investing in this project?
Latest Answer: JAYC serenity project sufferes can send their contact no and name at 7227938876 to join a group.
Q:
I have read it somewhere that BMC has failed to recover around Rs 5000 crore as tax. What is this and what are the new updates?
Latest Answer: Residents in Mumbai have also blamed BMC for not doing anything over recovery of around Rs 5000 crore. If the dues are recovered, then it will a sign of relief for tax payers.
