Shrikant Kejriwal, Mumbai
Q: BMC has received a 2nd extension of the deadline for revision of the much-talked about Development Plan 2034 by another 6 months to February 2016.
Latest Answer: But it seems to me that developers and architects have been criticizing the delay in revising the development plan that is holding up many projects.

Q: This decision of the RBI to reduce repo rate will significantly provide policy support to the real economy and help in the recovery process.
Latest Answer: It is really a good move by the RBI. SBI slashed its lending rate by 0.40% within a couple of hours of rate cut by the Reserve Bank of India. The largest private sector lender ICICI Bank also hinted at cutting its base rate by at least 0.25%. It clearly shows that interest rates will come down, base rates will come down. A large part of the cut will get transmitted.

Q: I am looking for a project called Paranjape 127 Upper East, Santacruz East Mumbai? Can anybody prvide me the details of this project?
Latest Answer: Hi, To get more information of this project click the link Paranjape 127 Upper East in Santacruz East Or, To get best deal on it, list your requirement here or you can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile.

Latest Answer: Hi Suhail & Pranjal, Earlier, i heard that Co. will adopt DevCo DLF's development arm. The company had a net debt of Rs 20965 crore as on March 31, 2015 of which about Rs 14000 crore refered to rental business and the rest was towards DevCo.

Q: Hi, Premium localities like Worli, Prabhadevi and Lower Parel are offering properties between 1-7 crores with international standard amenities.
Latest Answer: Hello, The major reason these areas are ideal for premium residential projects, is the proximity to commercial links such as Nariman Point, Bandra and Bandra Kurla Complex. The Bandra-Worli Sea Link has enhanced the connectivity of Worli, Lower Parel and Prabhadevi, to these areas. While Nariman Point is about 25 minutes away, Bandra is reachable within 15 minutes from Worli and Prabhadevi and about 30 minutes from Lower Parel via the Bandra-Worli Sea Link which offers traffic free drive. Moreover the localities are located within 30-45 minutes drive to the airport and are well-placed, in terms of social infrastructure too. The upcoming metro project is also one of the contributing factors to the realty market of both the localities which is pushing the demand for such properties.

Q: Want to know when are they giving the possession of the flats??
Latest Answer: Hello Suresh, What about the connectivity to this place. I dont want to buy a property which is very interior as I will face difficulty in commuting. Presently staying at Mankurd and working at Vashi.

Q: Can anybody tell me what is the status of Nirmal US Open?? When is the builder giving the possession??
Latest Answer: Hi What is the current status. It looks Nirmal is going bankrupt. there is absolutely no progress during last 6 months. Can someone in group thro" some light on the project

Q: What is the present status of Runwal Greens Rose Wood located in Mulund west???
Latest Answer: Hey Lalit, You are right. Runwal Group is already in this industry from last 35 years and have good reputation of themselves as one of the prestigious builders. They have completed many projects in Mumbai, Pune and Thane. They are also launching many new projects in these cities.

Q: Planning to buy a flat in Raj Altezza. When is the possession of the same??
Latest Answer: How is Raj Altezza now since the RERA date is Dec 2019. what are the changes to RERA date getting extended or revised. What is the cost for 2bhk. kindly help

Q: I would like to buy a second home for weekend getaways and also from investment point of view?? Any places around Mumbai???
Latest Answer: If you are planning for second homes for weekend getaways, i will suggest you places like Alibag, Murud really beautiful place for both the things investment and weekend getways.

Q: Hey, is it true that the Maharashtra govt. has plans to increase stamp duty on property transactions in the Mumbai Metropolitan Region?
Latest Answer: Hi Does anyone have any idea by when this hike in stamp duty will come in to effect. I heard from 1st January, 2014

Q: How is the real estate market in Malad? Is the area safe for investment purpose?
Latest Answer: The real estate market is growing in this area because Malad has excellent social amenities due to its proximity to upscale neighbourhood such as Goregaon and Kandivali. The excellent social infrastructure is also as a result the area becoming an upcoming IT hub. The area has several educational institutions. Some of the oldest ones are Fatimadevi English School (Malad east) and Prahladrai Dalmia Lions College of Commerce and Economics. There is also a Billabong High International School here. There are at least seven malls in Malad. There are also several banks and religious places of worship in the area.

Q: I heard that Mumbai High Court has given an order that regularizing illegal structure by buying FSI not possible? Why is it so?
Latest Answer: Floor Space Index (FSI) indicates the maximum allowed area to be built up on a plot in a particular area i.e., if the FSI is one and the plot size is 1,200 sq ft, the maximum built up area allowed on that plot is 1,200 sq ft. The FSI is decided by the state and local development body. Any construction exceeding the FSI is considered an illegal construction and can be subjected to legal action. Regularization of an illegal construction is subject to laws of a particular state development authority. It may include buying additional FSI or paying a compounding fee.

Q: PMC has made this provision for budget where citizens can suggest it. What has been done regarding the same? Are the funds allocated completely utilised?
Latest Answer: The number of suggestions made were 600 in 2012-2013 and they increased to 3,300 for the coming financial year. Among the areas, road development has the largest share followed by electricity and piped drainage. The largest allocation was made of Rs 3 crore for 2013-2014 has been kept for public works on Nagar Road, Bhavani Peth and Kasba Vishrambaugwada.

Q: What is the plan of Tata group in real estate investment?
Latest Answer: Hi Guy's, Yesterday, i heard that the International Finance Corporation (IFC), a member of the World Bank Group, will invest Rs. 160 crore along with Tata Value Homes (TVH), a subordinate of Tata Housing to finance affordable housing projects for low income group across India.

Q: What can be expected in real estate from the Union Budget? Any new updates?
Latest Answer: As per data, housing shortage of the country is very high at 18.1 million houses and an incremental need is around another 10 million houses which needs a pragmatic and practical look at the real estate sector at the moment. Also, the current need is to treat affordable housing as priority and the rates of interest for housing loans should be brought down to an acceptable 7.5 per cent.

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